Could someone please tell me what is going on, I just came home. What caused this price drop and where the price is heading?
SR has been down and is coming up intermittently. SR users try to get their Bitcoins out ASAP and dump them at market because they can't get their drugs and have no other use for BTC.
DDoS SR 1:1 DDoS MtGox
+1 Both educational and also entertaining too!
+1

The problem with this discussion is that there's no one on the Bitcoin side.
Gold bug 1: "I think gold is good."
Gold bug 2: "I also think gold is good."
Gold bug 1: "Ah, question answered then!"
Please bring Jon Matonis to the discussion next time!
Or trace meyer.
I don't think the goal of the discussion was to have a discussion.
Maloney had to answer because he was asked and other big metal heads had already voiced their opinion (Doug Casey, James Turk for example). Similar to the ones I mentioned (Turk seems to be moving faster toward bitcoin, though) he's upholding his heavy metal view cause that's his agenda.
He should listen Trace on this video
http://www.youtube.com/watch?v=iZ3zpurLcyo#t=02m26s
All this selling is just silly...
Unless you buy back cheap but i have the feeling this are people who are cashing out long term.
Or , somebody knows the headlines from tommorow

))))
Looks like butterfly labs announces bulk chip sales and market reaction was down.
Today prices are well buried under 110$, with quite no range.
I should admit this is surprising me, even with the low WE volume i was expecting price to be able to move in the 107-112 range.
I think that means the actual sentiment on BTC is almost totally negative.
It's not rare that situations like this lead to surprises (=short-term inversion).
What di you think about monday?
I guess, very soon BitInstant will open market for the UK and Australia.
http://www.youtube.com/watch?v=sqzubpLxmSQ#t=19m33s
Mega coming soon to iOS,it is a good signal for
BTChttps://mega.co.nz/#blog_15
I don't see the connection with $250.
DeathAndTaxes is very good at math.I really like his posts.
For example 65 million difficulty gaining 75% per month for a year results in 50 billion difficulty. The electrical cost even at 1W/GH and $0.10 per kWh would >$250 per BTC.
Very bullish comments on twitter
Chamath Palihapitiya @chamath
My prediction is that BTC will trade thru $200 before the end of this year.
what about the actual volume of BTC being traded?
Looking at
http://data.bitcoinity.org/ the last time volume was this low was in April of 2011 just before the big bubble.
Nice charts looks cool thx