It's just the usual decline after a large rise.

LOL - good one!

+1

piuk, YMMD!

is it blue or pink that owns bitcoins and wants to sell? :p

+1 for this thread

That is not cinyc assumption, somebody talk to us clearly.

So it was only the fools that were paying $32 per coin.

did you have to omit the part above 32? because it does not look that good with it

I don't think so. I'm pretty sure Bitcoin will eventually pass $100 and it wouldn't surprise me if it would go up to $1000. Simply because it's extremely undervalued at the moment (21 million cap - think about what that means when Bitcoin gains more traction ... it means: one Bitcoin needs to be worth quite a lot, certainly much more than $100).

Of course, it sucks when you bought at $30 instead of at $20 ... or $10 ... or $1. But it will suck even more if you miss it at $30, or $50, or $100. So unless you want to speculate on it going down quite a bit (which may or may not happen), I'd rather do my best to not miss the train ;-)

I second that.  Sure it'd be nice to buy now, instead of $32, but you can't lose sleep second guessing the exact timing.

I go back to "fundamental" analysis.  Figure how many dollars need to be stored in Bitcoins to support an electronic market, and guess at the probability that Bitcoins will get there, and you can arrive at a current valuation.  I did that here about nine days ago with some very conservative numbers.

A lot has changed since then, including (especially) more than 100,000 people having downloaded the client, increasing the installed base by about 40%.