Man i didn't think bitcoin was going to fall this far. As of right now July 16 8:00 PST its sitting at 2375$ CAD, that's crazy, we are looking at over a 800$ loss in the past week. I still think bitcoin will recover from this but it will defiantly not be instant, it fell this far in a week so id say it could take as much as 3 weeks to recover to where it was or greater. Ether has also taken a big loss, sitting at 188$ CAD with over a 100$ loss in the past week, that's almost a 50% drop! I do see both currency's recovering but the only question is when? with these currency's it can take days or it can take weeks. Id wait for them to start recovering if your thinking of buying because nothings worst then buying on a down trend and it just keeps on falling.
Up voting this post would be greatly appreciated