@barrysilbert: Surprised how few are connecting the recent selling pressure to the Oct 15 tax extension deadline. Taxes due from '09-'13 mining/usage/sales
I think the supply demand imbalance will be even worse - you've more people using coin for purchases creating downward pressure. You may get a brief boost with speculative money buying - but still, what's the incentive for the average Joe to first go buy BTC, and then spend it vs just using his CC directly?
the mtgox fraud plus chinese speculator push prices to unprecedented levels. the deflation will be long and painful.
other than speculative reasons, there's little incentive for the average joe to buy BTC - traditional fiat / credit card is still superior as a payment method than BTC at the moment.
It is starting to drop RIGHT NOW... monday morning.... could the close of this monster triangle be going up or down... looks like it is going straight down: