You bunch of bitches!

[Luckybit]

It's worth whatever people are willing to pay. It will be used when it can be earned. Until you can earn BTC, it's not smart to spend what you can't get back.

[Luckybit]

Price was living high on the hog, begging for a spanking.

We go back to "merely" exponential growth now, with who-knows-what happening for the next few days/weeks.

We're not going back to exponential growth.  We're completely changing directions now.

Based on what? Most of the people trying to buy their first Bitcoin are still waiting in line at mtGox and now that the prices are cheaper they'll buy a lot more. People who jumped ship were professional traders not the mainstream public looking for long term investments or looking to buy Bitcoin to hold for a year.

[XXthetimeisnowXX]

Okay, so... anybody selling under $88 is a bear, good riddens to yas.   Anybody buying over $120 is a bull?  I guess I'm a bull, then, because while $120 may be a fair price right now, I think as a safeguard on their reserves, Gox and the other big fish need to keep the price pumped up high... to stay one step ahead of the investment bankers and mining conglomorations

I said it before the crash, and I'm sticking to it... the price should be $181 right now.   So I'm buying from $88 up to $188 over the next week, starting as soon as possible.  IF you have more than $100k available in coins and want to sell them for something around $90/each, please PM me.  =)

Where's that Dave Matthews Band album?  hmm... "Crash into me"...

ill take some of that acction too. i got enough for 100 coins at 60 if ya wana play.

[aop]

Based on what? Most of the people trying to buy their first Bitcoin are still waiting in line at mtGox and now that the prices are cheaper they'll buy a lot more. People who jumped ship were professional traders not the mainstream public looking for long term investments or looking to buy Bitcoin to hold for a year.

I bet most of those people waiting in line at Mt.Gox were in for promise of easy money. I think some of them may interpret the fall from $260 to $60 as a warning sign and back off.

[sgbett]

Ugh, yeah I had 20 times proft at 265 and that was actually my target price to sell but I didn't sell in time that fateful morning. Now it looks like I'm down to...nothing. I anticipate a huge crash when mtgox comes back. I think a lot of people are getting out of bitcoin for good. I'm not selling now though, whats the point. I might actually buy more. And hold on to them for the long haul.

Once you decide on a target always put in a sell order in case it hits.  I've lost my ass on other bubbles starting with dot-coms.  Lessons learned mate.

I put my sell orders in then as it appraoches the price I panic sell at market price a few dollars before.

I lost count of the number of times the price has bounced off my sell order when trying to daytrade back in the day (stocks not btc).

Yes I am a terrible trader. hehe.

[proudhon]

Based on what? Most of the people trying to buy their first Bitcoin are still waiting in line at mtGox and now that the prices are cheaper they'll buy a lot more. People who jumped ship were professional traders not the mainstream public looking for long term investments or looking to buy Bitcoin to hold for a year.

I bet most of those people waiting in line at Mt.Gox were in for promise of easy money. I think some of them may interpret the fall from $260 to $60 as a warning sign and back off.

You got it!