Actually, it is. If you want days where you earn a Years worth is S&P returns you have to tolerate days like this. Not the first and not the last.
A few months ago gbtc was $1000 and dropped to $600 in a day or so. Then after a month or so, it blew past $1000 and into $2000 and then into $3000 in about 45 days.
Now granted that was partially or wholly due to the excitement of futures contracts coming.
Now bitcoin is so popular that apparently all or damn near all of the exchanges are having trouble filling orders. Bitfinex has suspended new accounts while upgrading, coinbase is slow to process and went down a month ago due to excessive demand, Kraken is upgrading and slow to process orders as well. My point here is bitcoin is super popular and this is just the beginning. Once platforms can handle demand I thinks efficiency will be improved and liquidity will improve as well. That could lead to smoother and more prices(hopefully going up too)!
Again best advice I can give out to old advice. Don't invest any amount you're not willing to loose. Invest, set your stop loss limits, diversify your investments and be patient. While his is the OTC marker and people here mostly want a quick buck in days not months. Sometimes you have to have a longer time frame with some stocks. Just my 2 cents
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