They say a picture is worth 1000 words, and I think this one sums up the current situation of BTC:

82 people thought price would be higher than $400 on Halloween. And they say the majority are bearish

We've still got quite a ways to go before the real panic sets in. $266 will be very interesting.
Bitcoin capitalism: You have two cows. They produce a lot of milk the first few days, then quit producing. You hold onto them hoping that one day they'll resume their high milk output. Cows die leaving you with nothing.
It appears that we may be in for another downturn unfortunately. Brace yourselves for the incoming post dump
