so what's happened now exactly, etheruem or the dao was hacked?, because i dumped already i was fearing to lose all my funds
I think it was not hacking but a splitting DAO vote or something. Its not a big deal I guess. Of course DAO the biggest holders of ETH, gave this crash like selling and it may continue for a while, in worst case scenario it would be around 20%. But I don't think this to happen. All I'm saying is a temporary crash creates once in a life time opportunity to go long on ETH i guess. The problem is we don't know where will be the bottom. This is why it is so important to go with options as a protective measures. Whatever you go long ETH, simply buy enough puts to cover your losses if any crash occur again. This is what the all hedge funds are doing this over and over again to make stable profits!