I think it has something to do with the world markets taking a hit this week.

Probably.  There has been nothing 'exciting' happening in the BTC scene for a while.  I am hoping for a magical rebound once school starts and young undergrads start buying their drugs through Silk Road, but that is a huge if.

What?

ya mybitcoin has setup a claim process... most likely poeple wont get all their btc back but the little they get back they will possibly sell

now theirs an idea...... lets screw over all our friends and relatives

in anycase these low prices are likely to stick with us for a while.

everytime the market will go up, poeple will think its a good time to get out... making the price stable at about 10$ for weeks IMO

LOL

I agree, confidence in bitcoin has taken yet another hit, but not unlike other markets I believe it will return back to $10 - $13 in the coming weeks as well.

I see 5970's on ebay once again for "Buy it now" which rarely ever happened since the beginning of bitcoin mining.

I honestly don't see a problem - nothing has changed really. Bitcoin isn't supposed to be a get-rich-quick scheme. The system behind Bitcoin is as strong as ever - we have more exchanges, more merchants, more hashing power, more users, etc. than we had a month ago.

I don't see why anybody would sell all his/her Bitcoins now - those who believe in the unique qualities of Bitcoin obviously won't sell because they haven't changed a bit. People who are just here for some quick buck could hardly have chosen a worse time to sell either...

My guess is it's mostly speculators which sell low but hope to buy back again even lower.

Anyway - lower prices also lower the barrier of entry for new people so go and sell away all you like