Actually I think the current price drop is mainly based on the fact that BTCT closes and I assume not everyone is happy with direct shares or Havelock. It's hard to say where we are heading, but I think a meaningful answer can only be given post-BTCT.
Little of Column A, little of Column B on this one. BTCT's closure coinciding with AM's personal hurdles plus the bear market in ฿itcoin related securities has created the perform storm. There is definitely a shit storm a brewing right now for anyone other than liquid ฿itcoin holders. One thing new entrants into ฿itcoin realize eventually is the laws of money in the inflationary world do not exist here.
Our assets are backed by a deflationary money, this changes the dynamic. The rest of the world now wants what AM had, this changes the dynamic. I felt horrible at the time for selling as muchAM @ 4BTC/share as I did, part of the learning curve of playing in a new paradigm. I think 5BTC/share will be a much, much more difficult to reach for ASICMINER in the future with the increasing competition in play combined with investors who will for lack of a better term will 'know better' next time.
Kind of puts a dark cloud over ฿itcoin assets when the currencies first major success story is going down the elevator shaft along with everyone else. Hold on tight Boys and Girls!
