“The current Bitcoin downswing is very healthty for the charts and 2017. This should (a) keep exuberance in check and (b) clean up China,”
Yep, this was badly needed. People may see the downswings as a bad thing, but every up and down re-sets the bitcoin price equlibrium. The way we trend is that equlibrium is set at higher and higher prices, slowly allowing for it to be a more effective store of wealth and money transfer protocol.