Why?

[Sitarow]

Perhaps ASIC companies are now ready to place their orders with manufacturers and are thus selling BTC to raise the necessary funds.

That is possible to, BFL said they just payed a "bullet run", maybe they need extra money very fast.

I've read few times, that BFL did not kept BTC, all order/preorder where instantly converted to USD, as BFL is not interested in hoarding BTC, but USD !

Rather their partners/suppliers take payment in USD..... for now.....

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[fishface]

No bear parties allowed until the 200 day ema breaks... That's currently 9.275 for you non-chartists out there.

[bigbox]

I don't know, but I hope it keeps selling off so that I can buy more

[majamalu]

What possible value did bitcoin provide you in "settling small everyday stuff" that couldn't have been accomplished with dollar cash? What percent of the world do you think has vaguely any interest whatsoever in participating in the economy in this "bitcoin enthusiast" fashion?

Today, less than 0.01%. Within a few years, probably 90%. In my opinion, this will be a consecuence of the collapse of the financial system based on fiat money. Panic is a powerful driver.

[ElectricMucus]

What possible value did bitcoin provide you in "settling small everyday stuff" that couldn't have been accomplished with dollar cash? What percent of the world do you think has vaguely any interest whatsoever in participating in the economy in this "bitcoin enthusiast" fashion?

Today, less than 0.01%. Within a few years, probably 90%. In my opinion, this will be a consecuence of the collapse of the financial system based on fiat money. Panic is a powerful driver.

At first we are in this "collapse" since 2008.

Second: What makes you think the majority would head to Bitcoin?

[Realpra]

Definitely, Cheap bitcoins! There is strong evidence that this is last chance before halving. Look at RSI. I hnow it is just a friday. But we are getting near end.

Exactly my thoughts; I have no idea what the sellers are doing a month before a halving but I will take it - paycheck coming in in ~4 days

I will eat my words if the price does not climb at least 50% during December/January.

I have just started using BTC instead of Western Union and its both easier and cheaper - even if the price dropped to 0.01 I would still be using this stuff. So yeah I'm not worried about BTCs value or adoption rates.

[istar]

Price have been pushed down just to buy "cheap" Bitcoins once done, price will go further up.

[DobZombie]

BFL is not that retarded to hold onto BTC for pre-orders.

BFL is retarded

Thats not vewwy noice

[DanielBTC]

I lost the Bitcoin black friday...  

Hey Mr Manipulator, I wanna buy btc<10$ too

[Stapleddiet]

What a strange time in btc land, no bad news just a panic. I would like to thank those who did at least I got back in lower than my previous panic, lolling in shame. I was thinking all through the year that the price would of been climbing in anticipation of The Halving(great name for a movie) and I am hoping beyond hope that this is the lowest it will be from now on.

[Mushoz]

I lost the Bitcoin black friday...  

Hey Mr Manipulator, I wanna buy btc<10$ too

This is just a weak bounce on low volume. We will drop <10 again

[molecular]

...this is the lowest it will be from now on.

triple deja-vu

[cedivad]

I lost the Bitcoin black friday...  

Hey Mr Manipulator, I wanna buy btc<10$ too

This is just a weak bounce on low volume. We will drop <10 again

We haven't broken the 10$ line, too (we broke it, it generated tons of orders, most of it could have not be finished).

[Mushoz]

I lost the Bitcoin black friday...  

Hey Mr Manipulator, I wanna buy btc<10$ too

This is just a weak bounce on low volume. We will drop <10 again

We haven't broken the 10$ line, too (we broke it, it generated tons of orders, most of it could have not be finished).

What do you mean? We clearly went below 10 multiple times, and it lasted way longer than just a simple spike.

[cedivad]

I lost the Bitcoin black friday...  

Hey Mr Manipulator, I wanna buy btc<10$ too

This is just a weak bounce on low volume. We will drop <10 again

We haven't broken the 10$ line, too (we broke it, it generated tons of orders, most of it could have not be finished).

What do you mean? We clearly went below 10 multiple times, and it lasted way longer than just a simple spike.

Don't know, I just looked at the monthly graph with the spindles covering many hours. There was only one spindle under 10$ so I toght that.

Interesting than, it will go lower and lower. I will wait to buy.

[Mushoz]

I lost the Bitcoin black friday...  

Hey Mr Manipulator, I wanna buy btc<10$ too

This is just a weak bounce on low volume. We will drop <10 again

We haven't broken the 10$ line, too (we broke it, it generated tons of orders, most of it could have not be finished).

What do you mean? We clearly went below 10 multiple times, and it lasted way longer than just a simple spike.

Don't know, I just looked at the monthly graph with the spindles covering many hours. There was only one spindle under 10$ so I toght that.

Interesting than, it will go lower and lower. I will wait to buy.

Here's a nice site that shows current market depth and the price action in the last 24 hours: http://mtgoxlive.com/orders?volumeon
As you can see we've been below 10 for multiple hours. It isn't that long of course, but it's hardly a sudden spike.

[nobbynobbynoob]

I will eat my words if the price does not climb at least 50% during December/January.

Would you like to bet BTC10 with me? I wager BTC10 that the price will not be equal to or above USD 15 on the stroke of February 1 2013 at 00:00 UTC. If the price is below USD 15 at that point, you pay me BTC10. If the price is equal to or above USD 15, I pay you BTC10. Sound good?

[humanitee]

LOL at the people saying "No bad news."

Have you been following the news in the past months? Take the rosy Bitcoin goggles OFF.

[molecular]

LOL at the people saying "No bad news."

Have you been following the news in the past months? Take the rosy Bitcoin goggles OFF.

maybe if you would be more specific we could reconsider.

[niko]

Definitely, Cheap bitcoins! There is strong evidence that this is last chance before halving. Look at RSI. I hnow it is just a friday. But we are getting near end.

Exactly my thoughts; I have no idea what the sellers are doing a month before a halving but I will take it - paycheck coming in in ~4 days

I will eat my words if the price does not climb at least 50% during December/January.

I have just started using BTC instead of Western Union and its both easier and cheaper - even if the price dropped to 0.01 I would still be using this stuff. So yeah I'm not worried about BTCs value or adoption rates.

Same in here. I can and I do use Bitcoin network. It saves me money and time, compared to international wires or WU.  Volatility is even good, as I can usually afford to wait a day or two for a good arbitrage opportunity between the two markets (in my case CAD/USD). Sure, I've got a few coins in my savings and investments, but that's a long-term game based on my assesment of long-term chances of Bitcoin going "big". Again, no problem with short-term swings, panic-sells, and pump'n'dump episodes.