I'd change the topic to "If you're not in, get in."
It's fairly evident to me that the bubble has deflated. I'm expecting that next week we'll finally see a change in the trends and there will actually be at least one rally of decent volume. With the current size of the Bitcoin economy, which is 7 times larger than at the beginning of 2011, I consider any price lower than $5 a low one because the Bitcoin economy at this stage should be able to fundamentally have a price of $5 at least.
That being said, I do plan on buying more coins if I can get money in before the price is still visiting the below $5 range. Will I buy at higher than $5, that'll depend on the trends and what kind of rally's we'll see in the weeks to come. This will be a very interesting month I believe.
Please, keep making predictions
Indeed. Everything about Bitcoin fundamentals is going fairly well right now. No bad news, some good news. Trends are doing okay such as google trends and forum memberships. I seriously doubt a new low of below $5.
We might see a new low below the last one but I think $4.xx is almost impossible, there is simply no fundamental reason for it to go that low. The demand at $5.xx will be absolutely massive, those are truly cheap coins.
In fact I'm very surprised if the price breaks below the resistance levels at $6.xx, but I guess we'll see.
Well holding makes sense right now. Or buying, if you still have something to buy with.
It's very, very unlikely that price will bottom at below $5. In fact I'd be willing to bet on this if someone wants to 
Now I'm interested in seeing if the price will even break
$6 which I think is unlikely but possible. Regardless, now we're at a range where buying is a good move and holding is a really good move.
Only a total doomsday-bear would sell at around $6.50 or less, there are no real indicators to show a major price drop from that point unless you're only seeing the very pessimistic scenarios. Anything is possible, but it's really pessimistic thinking.
Just lingering at 5 or 6 for a month before it jumps to some random price.
From what I've seen, the price jumps somewhere and then just lingers and lingers.
Well this is a good question. One thing that's important to note is that a change of one dollar in price is relatively a MUCH bigger deal when we close in on the smaller single digits. There is a huge difference between $5 and $6 and I think this will prove fairly critical in the near future.
We will probably see a major correction when the price bottoms out,
whatever the bottom might be. To at least $7+, possibly $8+. Then it's a good question what will happen, there is a possibility of a trend changing rally and there's also a possibility of continuing decline.
But contrary to the doomsday-trolls I feel that a stable price lower than $5 is pretty much not happening, at all. I don't even think of that situation because it's simply so unlikely,
the demand for cheap coins just rises exponentially going down from $7 to $4 so with the current fundamentals I can't see a price below $5. I can only see a spike below $5 but even that is very unlikely.
This might of course change and I might think differently in a few weeks but my current estimate for this month in general is positive and quite bullish. It's entirely possible that this is the last crash we're going to see in a while. But time will tell.
It's very hard to say if the price has bottomed or not. I still see a possibility of a small decline within the next 2 months, but it will be a
much slower one with the price maybe bottoming at $5.xx. This is the worst case scenario. In a good scenario we get good boost this month in form of announcements of new services and good media coverage which will start an uptrend sooner.
Regardless, looking at the transaction count chart (
http://pi.uk.com/bitcoin/charts/n-transactions) it will take at the most 3 months for the economic decline to run its course and after that it's entirely up to the Bitcoin community and the media to decide where it will go. From there we have basically two options, a further decline and possible true death of Bitcoin and what I think is far more likely, the flourishing of Bitcoin's potential.
Bitcoin is still fundamentally just as magnificent as it ever was. I can't see how the doomsday-bears have ever contributed anything to Bitcoin itself, they have simply been here to make easy money and now that the option of making that money from a soaring bubble price is not available they have turned to whining. Pathetic.
The price of Bitcoins fluctuates a lot because there are speculators and traders playing the market. The size of the market is still so small that only a handful of decent bankroll traders can cause big shifts in the price. Price will stabilize if and when the Bitcoin market gets bigger.
But when we talk about going down from $20 to $7, well, that's the bursting of the biggest bubble in Bitcoin history. A speculation bubble. Actually it's from the peak of $32 but anyway.
At the same time we have seen the size of the economy contract a little, as can be seen clearly from this chart:
http://pi.uk.com/bitcoin/charts/n-transactionsNow we are reaching the point of a "bottom price" right now, with the amount of transactions leveling off as well within a few months for sure, possibly earlier. Then the price will start going up, probably in an unstable fashion again because there are big speculators on board. But eventually, I hope, the size of the market will increase and it'll be more difficult for people to just "play the market".
One thing is clear, if you think Bitcoin is still doing good for the long term (years), then don't worry about the current price too much. Personally I still think Bitcoin is doing really good and has so much potential which is slowly being realized. It has been a slow process with some growing pains on the way but that's natural.
