just hit 8 on mtgox

[pennytrader]

The runup to $30 was primarily caused by demand of speculation that it could go to $100. I've yet to see the true demand, maybe by money laundary, drug dealers?

[Nagle]

Just fell below $8. Next wall is at $7.5.

Interestingly, there are plenty of buyers in the market today.  This isn't the usual low-cash weekend situation. But the buyers are mostly bidding around $7 to $7.5.

I stand by my "long, slow slide" prediction. It's a post-bubble situation.

[pekv2]

7.4 now.