Well this is my new dilema! Are we in a down trend market? or this is part of the panic sale??
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TERRRA
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Actually the mtgox exchange is in a "death spiral" and is dying as bitcoin withdrawals have been halted, fiat withdrawals have been enabled, and all the users are leaving with their fiat. The rest of the market is in a "strong downtrend" but trading at $150 above mtgox.