I have to say, I have mixed feelings about this recent correction. On one hand, my wallet value has decreased, and it feels like the bit-phoria we've been experiencing these past few weeks are over. On the other hand, I have a strange sense of validation in knowing the corrections is in large part a result of Coinbase and Kraken going down.
It's like that old UPS commercial where the new .com website goes live and the number of orders begins to rise, faster and faster, as the faces of the business partners morph from glee to dread. Too much demand is one of the best problems to have- especially in I.T. where scalability is the name of the game.
Clearly, we need more fiat entry points in the U.S. and U.K.
Quick Econ 101 question- is it weird that with demand so high and supply failing, why didn't prices rise for those already in?