Like I said before, were in a dangerous time for bitcoins, its either make it or break it right here right now. THe feelings from the MTGOX crash is just coming down, trickling down because it took time for people to get there cash out, there coins out, u see the volume of sales has dropped big time, some went to other exchanges, going to be tough to keep the price up until we get some more positive reports, and more businesses online and offline accepting it. This is what I am hoping happens as I believe in the concept of a bitcoin.
If you are suggesting that the current drop is due to the MtGox incident, I highly doubt it. People didn't have to get their coins in, they already had them in there, they simply couldn't sell until MtGox came back online. I'm guessing what happened was someone who had a ton of coins, decided to take profits since the price had slowly been trickling down for the last week. This caused a sharp plummet, and a lot of people freaked and followed suit. There wasn't some simultaneous mass loss of confidence in Bitcoins. I don't know the future, if I did I would have a lot more success on the stock market. I can tell you that when you have a major sell off like you do today, it is a good time to buy while the price is discounted.
I have a few BTC from mining, and I can tell you personally there is no way I will be selling at the current price. I have confidence it will rebound. Hopefully sooner rather than later. Once the "weak hands" jump out, it means the only people left willing to sell will demand a higher price, and it should come back up.
I'll stand by this prediction whether it comes true or not. This is how I interpret these events at this point in time. Who knows what I'll believe after tomorrow.
