kokjo, yes, you said just wat you said.
But I am not telling that difficulty is only price reason, but difficulty is a strong reason you know.
So something like "you are noob there are other reasons" definitely not an answer for my question.
Thats why I hope that you will re-chek my question and we will talk about reasons that keeps rate at $15-17 usd per coin.
okey then a more serriose answer: mtgox has crashed. people are nervouse, and they dont know to sell or buy.
when trading resumes on mtgox, we will maybe see many panic trades, the price will go up and down, for a few days, who knows.
then when people has chilled a little off, the price will maybe rise again.
it is more the difficulty that follows the price, and not the other way around.
becuase when prices goes up more people will mine, and therefor the difficulty will rise.
and if the price goes down the difficulty will fall, because it will not be profitable for the miners to continue.
there is also many merchants who takes btc as payment.
and the speculators also have something to say about the price.
"panic" noobs who just wants bitcoins, who did buy at $36, when anyone else was selling.
all this factors has alot more to say about the price then mining.
it is not about mining, it about the economy.
if you think price=difficulty, then you are a noob.
sorry for calling you a noob before.