If that goes down.....any predictions on what the price will drop to?

wat?

I see what looks like 2 transactions on btc-e.  First is someone buying about 230,000 LTC with USD at "market price", paying as high as $0.16 per until the order is filled.  Then maybe an hour later, someone sells a huge amount of LTC (slightly more than 230,000) in exchange for USD, again at the "market price", accepting as little as $0.01 per.

Oh the price will rebound. Rest assured. But the trend is down and the time line is months. The playahs need time to suck out money from bitcoin enthusiasts who think the price just cant get any lower....

Get them cheap now before price goes up!

I did not lose too much with the recent dip!

I cannot wait to buy at 10, great opportunity!

Heheh. No lesson learned from last time. Hilarious.

Well more people buy and use bitcoins during rising prices, this is nothing new. And in a way the number of transactions is more related to trading volume than price.
My conclusion would be that we are still far away from panic selling territory.

What about it?

there's so many possibly "reasons"... maybe they just all add up... add some panic and voilà: le plunge.

You got 3500 unread emails! This post definitely belongs in speculation.

I wouldn't say that... we need more than one exchange.