This. If this was made with commercial sense, they could distribute them in traditional channels and sell MILLIONS, while making a HUGE service to Bitcoin.

But, they may have limited production capacity and no easy access to traditional distribution channels - thus, financially this min-max strategy may have a sense for them.

Personally, I would love to see a more ambitious approach for these USB miners.

Sub $100 for sure. Support at $90, if broken all the way down to $80. Then, we will see.

Expected and not concerning at all. Bitcoin needs a sustainable price trend. Bubbling is not sustainable. Thus, this burst/correction is needed and welcomed.

Take this chance to buy more coins.

Downward pressure still building up after this small dip. We have not seen this week's bottom.

It's VERY likely that bitcoins will break $100 donward. Just check all the indicators. It will happen today, maybe tomorrow. I never sell BTC, even if we are going down (it hurts too much to lose them when you are mistaken), but I can guarantee you that I have a lot of bids from $96 all the way down to $32 (not that I hope that the lower ones will get filled, but a man can dream...)

The majority of people will end up with less BTC than he started with when daytrading Bitcoin. I think you will agree on that.

We're going down. Bears are bringing in their weapons:

Depends on what you consider loosing. Almost nobody looses fiat with Bitcoin. It was at $14 at the beginning of this year. It was at $2 two years ago. If you invested for the first time ever in the last month and a half, maybe you lost some fiat. Otherwise, is just impossible.

That said, daytrade Bitcoin on a regular basis and you will very likely end with LESS Bitcoins you had at the beginning. Yes, you will have more fiat on your Gox account - but if you are not increasing your fiat AND your Bitcoin stash you are loosing big time in my book. At the end, you win this game with more BTC, thinking you are a great day trader just because you earn fiat with a commodity that went x10 in 4 months is just delusional.

I read a lot of newbies saying that is impossible to loose day trading Bitcoin. That reaping up profits is easy as taking a candy from a baby. The ones saying that are just delusional fools. Trading is a zero-sum game - you win the BTC somebody has lost. The ones saying that, are just clueless guys looking their fiat growing at Gox, and they are saying: "wow, I'm a smart-ass trader!". But they know shit. They are loosing BTC in the long term almost for sure, otherwise they won't say something that stupid. And remember you are fighting bots and automated algorithms.

Bitchick: if you want to win this game, forget about selling BTC to buy them back lower. Calling tops and bottoms seems easy - you will get it right ten times in a row, and the 11th time you will make a mistake, price will go up when you expected it to go down, you will wait for the correction a little longer, the correction will not come as you expected, and you will end up with less BTC than you had at the very beginning. You may end up with A LOT less BTC that you had at the beginning. Sure, at first sight your fiat winning will seem untouched and growing, because BTC will still be going up - but you will be loosing.

All those news are not so important IMO. People just give them too much attention, but it's much more important a real growth in the economy surrounding Bitcoin (products and services) and an improvement on the infrastructure (we need professional exchanges, MtGox is a joke… And we really much need EASIER ways to buy your first Bitcoins).

Yes, of course, if Paypal embraces Bitcoin that means a HUGE growth in both the real economy and the infrastructure surrounding Bitcoin. It seems perfect… But is not. IMO that won't happen. Bitcoin can only kill Paypal, and they know it. They may be looking into it to create their own crypto currency, but there's no way they will embrace the Bitcoin.

Then, about China… Yes, that exposure can help bringing more investors in the very short term. But they will be cautious. As you have seen in 2011 and just a few months ago, real news is when Bitcoin its been consolidated for X time (like it was during all 2012), and then starts to grow steadily and in a sustainable way. Then, it breaks ATH, and the madness start: everybody wants to jump the train as they want to see their fiat go x10, or x100…. There you have the parabolic growth, the bubble… And then the crash, but to a much higher bottom than in the previous bubble. Wash, rinse and repeat.

Remember: when we will go past $266 after a consistent and sustainable growth, that's the news that will trigger again the BTC madness.

I perfectly understand it. I care about my BTC position - I really don't care that much about USD/BTC exchange rate. I follow it just to decide when I should buy more, so I can get the best amount of BTC from my limited fiat. But at the end of the day, when I look at my BTC stash, I never say "wow, my $10,000 investment now is worth $100,000". I almost never multiply my stash of BTC x the exchange rate, I just look at the amount of BTC.

It's obvious to me that this is not the case for 99% of people, which think about their BTC stash in fiat terms.

Both ask sum and bid sum creeping up, the latter faster than the former. Interesting situation. Bulls vs. bears battle ahead.

I grant you the bolded part. I think we all agree that long term Bitcoin will be huge - the truth is that we are all bullish about BTC at the end of the day, which is normal because this is bitcointalk.org

We just differ on short-term moves, on which is the top or bottom for the next few days, or weeks… I have to agree with you that it seems that we will not have such a pronounced decline as in 2011, and the recovery will also be faster. Heck, I even think that we won't go below $50 again - that's pretty bullish in my book, considering that in January we were below $20. I don't know if consolidation will be 2-3 months or 6 months, but it definitely doesn't looks like an entire year of decline + another full year for consolidation like we had after the burst of the 2011 bubble.

In 2011 a lot of people screamed "PONZI!!" and turned their backs to BTC. A lot of people thought Bitcoin was gone for good. It seems to me that now the mentality is much different: people knows Bitcoin is here to stay, and it's just a matter of WHEN the next growth cycle will start.

of course we are

Good sign. Cheap coins ahead.

And don't fool yourself with the "new money" thing. That was valid during the bubble, as more and more more people was attracted by the incredible (and unsustainable) growth. Just check Google trends. Just look around. New money stopped pouring in at the speed we had earlier. The new money that pours in, expects cheaper coins. The bubble bursted. For the average Joe, Bitcoin is not any more a train about to leave the station.

No worries. This is good. Real economy and infrastructure needs to improve, is not yet ready for prime time.

Before reaching ATH again we will have cheap coins, and then a relatively long period of consolidation (as per 2012).

Yes, we are. Very soon. Winter is coming 

Because of this is unlikely that we will go again below $50

Well, increasing your stash at $80 or $120 is not exactly "penny fighting"

And we will se cheaper prices than $110 soon enough

Just take the money you can afford to lose, send it to an exchange and set your bids. Use that money to buy more coins when it's cheaper, less coins when it's more expensive.

Do not sell coins, one mistake and you end with less BTC - that's not how you win this game. Just hold on them, and let's see where we are in x years.

Just don't put money you cannot afford to loose, its too risky and you know it so you will end making mistakes driven by emotions.

I want to believe that there's no one fool enough to actually have sent coins to this obvious scam.

The only thing worth posting in this thread is the SCAM word in huge bold letters.

Stop feeding the scammer.

Bitcoin is and it will always be volatile.