if i recall correctly the price went pretty much horizontal after the april crash for several week and then started to climb again.
probably a similar thing will happen now.
in my opinion
1.the market will stabilize around here (650-850 roller coaster)
2.the cause of the drop was not the BankOfChina announcement but the fact that BankOfAmerika pegged the price to 1300 USD/BTC
many people realized that bitcoins are overpriced at the moment and cashed out ,
this in turn will make new buyers more sceptical/carefull on when they should board the train
So, your opinion is that the revolutionary changes that are currently at risk of severely impacting banks income is capable of being valued, by the bank, at almost its trading median at that time the evaluation is being made? Interesting... I should sell now and put my orders back in January time frame of 10$, the banks say that this can't be worth anything more than what it was trading for, your right. Its so clear to me now, I'm definately going to reintegrate my money back into a Money Market account because the interest at 0.355% a year is just too damn tempting to pass up.
Also... as for the topic, everyone conveniently forgets to mention to those that didn't know that the real panic happened in April when the blockchain was forked, BTCGuild had >50% of network hashrate, client had a vulnerability and finally Gox's trading engine went out for 24 hours with 12 hours of lag and then trading was suspended. The current events, at this point, cannot yet be applied.
