People were saying there would be mass panic buying when we hit lots of values on the way down from $32.  My prediction is that, just like all those other values, $1 will come and go as we continue down.  I'm further happy to confidently predict that the price will not go above $5 again in 2011.

Bitcoin will not exist in $50 years.  The price won't go over $5 because not enough new money is going to enter the system since the reputation of the bitcoin has been irreparably damaged over the past months.

For most ordinary people the concern isn't at all whether the protocol itself is working.  The concern is whether the value one puts into bitcoins will be retained.  For too long now the answer is a very big NO.  As I've said elsewhere, it is possible to retain or even increase value in the current market, but it takes more effort than ordinary people can and/or will want to put in (e.g. constantly trading in and out).  Over the past months bitcoin has proven that it is a poor medium of exchange and a poor store of value.  And, not just that it's not good, but that it's laughably atrocious.  I don't think bitcoin will be able to shake that reputation.

ROFL!!!

Anyway, I'm also interested in buying at $1 outside the exchanges. Send me a PM.

Hitting $1 would cause me to spend some of my profits for buying more coins.

Panic buys do seem to be happening around round numbers here often, and I fully expect one to happen when 1 BTC = $1, since it sounds like something most people will try to justify in their heads. Trying to profit off that could get ugly though, be careful and don't get too greedy.

Watching this subforum in particular should be fun for the intermittent waves of elation and despair go up and down every few minutes.

I will be buying 7 million BTC at 1 dollar each.

STFU!    lol really Elwar?  That's a lot. Are you planning on buying outside of the exchanges?

+1
Was just about the post the exact same sentiment.