Don't you guys know the bitcoin ponzi scheme is collapsing right now??
I sold my coins for 10 dollars before it was too late!
no but seriously... i think 50 is on the high end, im guessing next difficulty will only push it to about silver 35-40 USD
Indeed. $30 was actually high for the current difficulty so I'm not surprised at all to see it settle back to $25-ish numbers. The only way the price goes up disproportionate to the difficulty is in the event of large-scale adoption. If an entire country, for example, decided to use BTC as their national currency we'd have to split the ~6.5 million existing bitcoins between a huge number of people. If the average bank account balance in Country X is 0.02 BTC then obviously the things that 1 BTC would buy there would be immensely valuable, hence driving the cost.
Since I didn't hear news about a country switching to crypto-currency I happily sold at 31 BTC and bought back in at 25
