Can someone explain, in simple terms, what the hell just happened to BTC?
I was looking to purchase some BTC as an investment for the long run and also to purchase some goods. While I was waiting for the bank transfer to process, the price of BTC has gone haywire. I saw the other post about pirateat40 manipulating, but I don't quite understand what happened there (between buy walls, etc.).
Could someone throw out a quick explanation for us new people? This sort of thing makes bitcoin seem very bad.