This "crash" was actually a WIN for BitcoinSubmitted by sleightofhand80 on Wed, 12/18/2013 - 18:14
First of all, bitcoin didn't crash so everyone calm down.
Yes, it dropped but why? Because due to Chinese government regulations the Chinese bitcoin trading company, BTC China, can no longer accept the Yuan for bitcoin. Why is this good? Because it means the Chinese gov't can't control it. They can restrict businesses from accepting it, but they CAN'T control the supply of bitcoin and either can't or don't have the resources to monitor it and therefore, the only means of controlling it is to prohibit its use. This is good. We don't want governments or big banks to validate bitcoin in ANY way. This keeps it free and anonymous. World governments are getting scared and fearing this currency they can't control. That's a good thing.