Bitcoins crashing towards a 50%+ loss today
On the news that Silk Road has been seized by the federales, Bitcoin is having it’s worst day in a long long time. It’s lost over 40% (and counting), crashing to $85 on Bitstamp after starting the day at a high of $127.
Volume is at an all time high on these exchanges as well. There’s nothing more to do than sit back, relax, and Listen to the sounds of Buttcoin.