How are you traders doing with this volatility?
I sold a few at 113 and could have bought in for 1.5 BTC profit, but barely missed it and only made .2 after panic buying before it got back to close to 113.
Made a 4.7% profit
And waiting to buy some at $100ish, and to buy big time sub $100
The Dwolla situation could scare the ass off some overinvested folks with trembling hands, anyhow this can improve a lot or get really worse depending on the next DHS move/explanation.
And from a practical point of view, you just do not convert an unseizable currency to one that will be likely be frozen. I never used Dwolla, but if I did last thing I would want is to get rid of my BTC for good at this moment, I guess people is just speculating that price will drop on these news and they want to buy back cheaper.
I think today's events will only increase the value of bitcoin, whatever the outcome. Bitcoin is decentralized! Closing down Dwolla and/or MtGox plays no barring in my opinion. In fact, the harder it is to buy bitcoins, the more valuable they become. The government has ZERO interest in bitcoins, just as they have ZERO interested in SimCity region fund transfers (did EA ever figure that out?). They DO however have an interest in protecting their citizens. It is not the bitcoin the DHS is after, it is companies who willfully ignore strict financial regulations.
Hope you don't wait too long down there at $100 and below Rampion.