Looks like it will stabilize around here before falling again, just like it did at $900, $800 and $700. Don't expect the drops to stop or the bottom to be here. $500 bitcoins is still way overpriced and not sustainable and especially without china.
500 is overpriced ?Look how expensive is mining now ...
People using bitcoins for commerce don't care how much they cost to mine. They could be using bitcoins that were mined for $1 each. Transactions will continue to be processed even if bitcoin plummets, as people who invested in ASIC miners are unlikely to ever switch them off as long as there is a faint hope of ROI. If ASIC owners refuse to sell their bitcoins into the current market then... will anyone care? Not really.
Bitcoin got 2 ways, sky or ground, nothing between.
they will be left far behind in terms of total coin ownership once the dust settles. 
