BTC $66, seems everyone is dumping?

[johnyj]

I wish it were easier for me to buy at this price.  Closest localbitcoins person is not very close.

My localbitcoins sell ad are on, but did not receive any buy order recently

[johnyj]

It will be very intersting to see, if the ASICs are mass delivered and the price crashed hard so that they can not make back the electricity, what will people do?  

[Phinnaeus Gage]

Was there a massive sell off recently?

[Dalkore]

Bottom-line is that either people believe in the long term viability of Bitcoin or not.   I would like to see some analysis on the cost of production for a single BTC,  That would be a price that should have a great support level.   That would be a place I would enter the market.   

Who wants to buy some silver? 

[acoindr]

I told you so

I predicted this days ago - price is now headed to 50 - Read: https://bitcointalk.org/index.php?topic=249490.0

So you're the reason people are panicking.

You're post has no evidence for Mt.Gox lacking funds. Their statement says they processed over 1M to US customers by manual methods. All you'd have to do is find someone that was in fact able to receive funds which shouldn't be hard, but instead you spread FUD. That's the real reason you amplify the price crash, which already had downward pressure because of the efficiency of ASICs coming online. Nice job.

[johnyj]

Bottom-line is that either people believe in the long term viability of Bitcoin or not.   I would like to see some analysis on the cost of production for a single BTC,  That would be a price that should have a great support level.   That would be a place I would enter the market.   

Who wants to buy some silver? 

Cost of production depends on the number of participants. The cost is 10x when there are 36000 people mining coins, comparing to when there are only 3600 people mining bitcoins

[lucas.sev]

Bottom-line is that either people believe in the long term viability of Bitcoin or not.

Viability, that is funny. "In bubble we trust" is the motto of people buying into bitcoin, hoping to sell it for nice fiat once it reaches another top.

[tokeweed]

BTC $66, seems everyone is dumping? Anyone has an idea about why? I don't understand, people are not trusting bitcoin anymore? or it's because people are rushing for the BFL boxes?

How many of bitcointalkers having deep knowledge of bitcoin network design, especially network difficulties changes and block chain protocols AND STILL think ASIC, BFL, Avalon mining are good investment?

For those who's still holding bitcoins with great values, you might bet better start thinking of solving the issue of bitcoin circulation in ordinary life, like bitcoin ebay, bitcoin movie, bitcoin music, bitcoin food.... that's the only way to save bitcoin.

you think?

[HappMacDonald]

For those who's still holding bitcoins with great values, you might bet better start thinking of solving the issue of bitcoin circulation in ordinary life:

bitcoin ebay = Bitmit

bitcoin movie = The Pirate Bay

bitcoin music = CoinDL

bitcoin food = Pizza for coins, Foodler, and several restaurants with gift certs on Gyft. :3

[tokeweed]

For those who's still holding bitcoins with great values, you might bet better start thinking of solving the issue of bitcoin circulation in ordinary life:

bitcoin ebay = Bitmit

bitcoin movie = The Pirate Bay

bitcoin music = CoinDL

bitcoin food = Pizza for coins, Foodler, and several restaurants with gift certs on Gyft. :3

too bad people can buy way less for their btc. dump them. 

[Luckybit]

It will be very intersting to see, if the ASICs are mass delivered and the price crashed hard so that they can not make back the electricity, what will people do?  

Mine PPC or even TRC.

[skilo]

Bottom-line is that either people believe in the long term viability of Bitcoin or not.

Viability, that is funny. "In bubble we trust" is the motto of people buying into bitcoin, hoping to sell it for nice fiat once it reaches another top.

It needs some more innovations to make it so joe six pack can use it, Right now it's not a mainstream medium of exchange.

Once the non tech savvy can use Bitcoin and interact with it on a daily basis then it will have a real value instead of a speculative value with only tech savvy people looking to pump it and dump it.

That's my opinion anyway.

[bitfair]

Bottom-line is that either people believe in the long term viability of Bitcoin or not.   I would like to see some analysis on the cost of production for a single BTC,  That would be a price that should have a great support level.   That would be a place I would enter the market.   

Assuming 7.5 J/GH (that is, an ASIC), USD 0.10 per kWh and current difficulty (and block reward): USD 0.76.

[DoomDumas]

im slowly buying since it below 100.. and will continue as it go down..  I have no problem at all with BTC price !  I enjoy rides down as ride up !