#1 - Gox put money payback on hold for 2 weeks, that was 2 weeks ago because of 'too high volume of payback', and can't cope with banks.  People are fearing that it's more than just because the volume was too high.
#2 - Because of #1, prices going down, more panic, more people sell, price go down further.
#3 - With #2, that make a lot more likely that people will want to cash out.  If problem #1 is real (rumor has that Gox has not enough liquidity), then #1 can only get worse.

And, if Gox have no liquidity, then it will be exactly like it happened with the U.S. banks a few year ago.  Bankrupt!

Yes, I saw!

Cheap coins coming our way!

On the bad side, I'm about to turn off my mining rig.  It's getting really hot outside here this week.  The rig just make in unbearable in my room

The last few weeks have a name...  Bull trap!

Remember this post?

I just went for a pee and my assets grew by $xxx

He probably went for a dump this time! 

Large dump in progress... 

Yup, but they are the one driving the price down...

A lot of people are losing hope that Bitcoin will rise soon.  A lot are cashing their profit before turning in the red.  And a lot are thinking exactly like this thread's title.  They are not pessimist, just realist.  Nothing it holding Bitcoin apart from speculation.  Until there's important good news that there will be a real economy for Bitcoins, then it's still pretty "virtual" for most people.

The storm has to pass, and market has to calm down.  Prices will rise eventually, but it will be another day.

That's a good indication/prediction

Posted in another thread...  Thanks to the original poster

And people are selling their coins because it's going down!

Very nice correlation   So we'll bottom at 30~40...

I'll take 1$ worth!

+1 on that!  I too think that a really good crash will happen.  After that, well, we may see a bullish behavior, but more prudent and slow.

Well, let's assume Bitcoin dies completely, then the government can always come back after you to tax the profit you made, and now owe money...  so technically, the value could go lower than 0$

The only thing deflating right now is the Bitcoin bubble

Actually, I did sell at 200$+  However I did sell and bought back a few times along the way, so I could have made a lot more  Ah, and I spent 65BTC at the time for my BFL SC I'm still waiting  I consider myself lucky to have learned about Bitcoins when it was 8$ back in August last year (and invested at 13$ bubble (and held while BTC was floating at around 10$ for a while after that)).

Still made 10K$ profit, and even though I could have made a lot more, I feel happy with what I have got.  I still continue mining, but this has just come less and less profitable lately  And I don't hold Bitcoins for long, prefer to exchange for fiat regularly and cash out when I sum up to a good amount.  That last strategy hasn't been bad in the last few weeks considering that it went 130$, 120$, 110$, 100$ and now sub-90$

So, the point is, more and more people are starting to switch strategy, and forget hoarding altogether, and goes for dumping.  Who's still holding beside people who bought at 100$+?

I feel bad for Cyprus people who invested in BTC at 120$+

Well, they say you learn by your mistakes...  I can tell you to never think that a stock (or Bitcoin in this case) can't go lower.  It can ALWAYS go lower.  Down to 50$, down to 10$, down to 1¢, end even lower.  I actually lost a few $ in stocks in the early 2000 in the telecom industry (well, that was mostly 'playing' money at the time for me but still, 2 grands gone up for used-to-be-50$-stocks that I thoughts would have bottomed at 1$, and 50¢, and 10¢, etc. ending up in bankruptcy).  Just think of the Nortel case for example...

So, if you go and buy because prices has lowered in the last few days, do it because you have a really good insight that there is reason for it to go up over long therm other than speculation.

That's the problem now, it's that Bitcoin is still held only be speculation, and it has no real backing economy yet other than some random companies here and there venturing in Bitcoins other than "another form of payment" added to their portfolio.  And, as opposed to gold, silver, and other tangible things that you can put aside (physically), for most of the people hearing about Bitcoins, it's still really too much "virtual" to be taken seriously (talking about newcomers hearing about Bitcoins for the first time).

Dump it...  to Mt. Crumpit Gox

Just noticed you resurrected a 2 year old thread!  And it still hold true!

At least, the OP got a reply to his post, finally... 

Well, with the difficulty going up and prices going down, even with an FPGA setup I'm thinking of shutting it soon.  I make 3.54GH/s, taking 700W~900W.  In Quebec, electricity is cheap.  Around 7.5¢ per KW/h.  That sump up to around 40~50$ electricity per month, and I'm making around 200$ profit per months.  I remember the days where I had less hashing power and was making 500$+ per months.

Ok, still, it's 200$ (after electricity bill) per months, but it only seem that it will get worse (price tanking, diff rising, ...).  And with the summer heat coming (yeah, still 'coming'...  Shitty weather ), it's becoming a furnace in my room.

So, that's my situation.  Multiply that by a fair amount and you get the status of GPU miners.  So that's only fair to ask if anyone is still GPU mining?

Tough times... 

Well, that's the problem...  However anonymous you want to be, there will always be a point along the chain where you want to trade to or from fiat.  And unless you meet from person to person to trade some fiat for BTC, or want to trade some higher amount, then there will always be the government keeping an eye on the fiat.

The only way to stay truly anonymous is to not involve fiat at all...  And, BTC without a fiat price tag attached to it is worthless (in fiat term...).