Noobs, just because you want to buy in <$800 doesnt mean the market will follow your wish.

Thanks for panic selling.

I think even the most bullish of us felt 1242 was too high too soon. Corrections are a good thing.

I sold for profit and am going to buy lower than I sold.

You are thinking of the word datum ("the datum is; the data are"). Please educate yourself.

If you don't buy right now your retarded. It won't get lower than this.

so 850 is the new floor imo.

We saw total panic tonight and yet once we approached 850 buyers started perking up.

Well looks like so far the biggest looser are the BTC5k sells from 900-800 within 15min, so far with no option of reentry without a loss. Clearly another manipulation attempt at Gox, As much as i disagree wiith Gox's "security feature" that stops the trading at huge sell drops, can't argue that it prevented the panic this time around. It'd really hate it if i was the one placing that BTC624 sell order from 810 to 800 , 30min later there are BTC2k coins waiting to be bought between 920 and 850

LOL approached 850?

Don't you mean after we got spat out of a gox failsafe loop for an hour which blocked any trading below $829? It's worth noting ever other exchange sat frozen for half an hour waiting for gox to take the lead again before making any moves back up.

From my experience since 2010 in Bitcoin economy, the mining always lag behind and its always catching up to ATH.

In short, it raise the level of support. Mining is getting more costly so is the bottom of btc price.