Quote from: PenAndPaper on November 20, 2013, 12:27:14 PM

Also the value is still greater than the rise that ended on the 9th! So it's actually not even a correction! It's another rise!!!!!!!!!!
C'mon mate, get real Tongue

No, you get real.

Had the price steadily risen, interspersed with small corrections since October from $140 to ~ $500 today, I wouldn't hesitate diving in with the 10K I have set aside for Btc investment. but given what has just happened, there is not a fkn chance am I putting in a penny until the price stabilises. Now, considering that I will not be the only investor who is loss averse and is thinking like this, what do you think this will spell for Btc for the near future?

Market ramping pumpers and dumpers know this. Anyone tried to ramp the market now, they would just lose money (yes, I believe Btc is manipulated just as all asset markets are manipulated), so they aint going to do it which means the price will have to be allowed to settle in order to restore confidence.

Quote from: dustofdeath on November 20, 2013, 01:24:38 PM

it cant fall too much... the difficulty keeps going up so it has to keep up with it.

Who is to say that Btc should be worth anything? Btc value is determined by the value that the market places on it and right now that market is overwhelmingly speculator driven.