I'm posting this as a response to this post:
https://bitcointalk.org/index.php?topic=173557.20Most of the posters are bemoaning the slump in price of bitcoin over the last day or so.
These posters are making more sense to me:
odolvlobo
Wekkel
BitBuster
Severian
I think people are missing the bigger picture i.e. the reason the bubble formed in the first place was due to the logically traceable consequences of central planning. Cyprus is a taste of things to come i.e. monetary panic. If governments - and their not-so-private stooges - can make up the rules as they go along... people will flee into what they perceive as more stable currency.... even though there are problems with that currency which are due to a globally monopolised monetary system.
Unlike governments, the free market learns from it's mistakes - even when they are not of its own doing.
Funny thing is though Cyprus was the tip of the so called iceberg. So with that in mind I think there will be more to follow. Who knows who is really next. But I think it is a given that more *will* follow.
What do I mean by this ? I mean that "we" will get to do this all over again, when the next economy collapses. So . . .buy low, sell high, and wait for it.