Why it crack down today too ?

[zarl]

I was thinking people buy cheap coins, and price go up.
Why it keep going down today too

[marhjan]

These are NOT cheap coins yet.  People will be buying when the coins are really cheap again.  That's somewhere in the double digits range

[Frost]

there was a big hack operation. the ship is sunken.

[zarl]

ok

but are people panic selling today too
or whats going on

[Cluster2k]

Cheap is somewhere in the $20 range.  Remember the crash of 2011.

[zarl]

there was a big hack operation. the ship is sunken.

Hack;(  what hack ?

[Cluster2k]

there was a big hack operation. the ship is sunken.

Hack;(  what hack ?

Selling action followed by a stampede to the exit is called hacking.

[wopwop]

this market is one-way and it's UP

[San1ty]

Double Digits!

[jwzguy]

MtGox is currently being attacked again. Trading is very lagged.

People seem more inclined to sell blindly than buy blindly. I wouldn't make any conclusions about the price until trading is normal again.

[HappyBitCoinUser]

Government doesn't have to make BTC illegal, just make the general population lose faith in it.