Quote from: proudhon on August 06, 2011, 03:54:27 PM

Yeah, we're still very top heavy and there are a lot of folks who got lots of coins for less than a dollar and selling even at $6 will still yield a ridiculous return on investment. Also, $6 is, I think, still profitable for a lot of miners.

The market is in wild swing mode now, given the fact that relatively small transactions will affect price immediately. Looking at the data right now it is even possible that there will be a bounce up to 9.2, after which the price could slide back all the way to 7.7. This could go on all weekend.

However, another big sale and price would go down to 6 easily.