Yeah, you're right. Just realized that many peoples are millionaires because they can predict future. Looking through the rearview mirror, it is much easier to interpret some shit out of the chart. Doesn't mean anything of this is true.
Oh, just realized: I also know why price dropped: A lot of people made Sell Market Orders. Hihi
And yet - some us (specifically myself) have managed to sell shortly before each large downturn and then rebuy near the bottom. I sold some coin at 127 - then bought again at 65. It isn't hindsight, you either learn how to read the charts to figure out what it's likely to do next and/or extrapolate impacts of events that will affect price.
I've been saying for awhile that we could expect a large dip once the hash-rate was between 15 and 25 million. How large would be determined by that rate of increase in the hash rate. This is what we just saw over the last few weeks. New Asic owners waited some period of time to 'get a feel' for their new means of production then started cashing out to make ROI. I'm Hoping that this is it for the asic related dip... but I secretly suspect that we'll see a small recovery (probably just around 100) then another slower slide into aproximately 50 bucks... I really really hope I'm wrong tho. If it does happen in the next month or so - it will be because of BFL catching up on their pre-orders.