There has been a lot of talk on the forums lately about how the currency is slowly spiraling down. This is true, and there's a good reason for it. At this point, Bitcoin is little more then a stock. It is diving because it is primarily being used as an investment vehicle, similar to a junk bond or a penny stock, and people have hyped it up and now are dumping it off. It is a classic pump and dump. If you want to see examples in the market, go look at LEXG, CCME, SPNG. It was tragically foreseeable that bitcoin would be pumped and dumped the same way -- so now what. The miners making more bitcoin every day is called dilution. It happens with penny stocks too.

The biggest difference between Bitcoin and a penny stock is that bitcoin can easily be transferred from one person to another, directly, without having to deal with any kind of broker or third party. This means that as long as people are willing to accept BTC for goods and services, BTC will always have SOME kind of value. What people need to realize is that the run up to 30$/BTC was caused by an infusion of cash from daytraders who were using bitcoin as a cheap version or forex, or playing arbitrage games. These do NOT stimulate the value of bitcoin in any way, and these people can continue to use Bitcoin regardless of the price, because there money is in and out quickly enough to not suffer from downward price swings.

So Let's talk about how we can get together and make some good publicity for bitcoin.
I'm sure we've all got skillsets we could be putting to use to help generate interest in bitcoin - it's a pretty straightforward process.

Find something you're good at, preferrably something that can be transferred over the internet - web design, graphic design, coding, database work, writing copy, doing research, anything really - and set up a website where you offer your services. Offer the standard industry rate, accept paypal and bitcoin, and do it 20-25% cheaper for bitcoin. Yes it sucks doing things on the cheap, but you're not planning on selling your BTC right away anyways, you're planning on waiting until the price stablizes and goes up. The only thing that will make it go up is people having a reason to use bitcoin, and that's will be a steep discount at first. If you think that doing something for 20-25% cheaper is insane, consider this -- your BTC is worth 50% what was less a month ago, where do you think it's going to go if the world economy continues to contract and people are no longer looking at fringe investments?

There's a meet up in Seattle tomorrow that some of us in the area will be attending, I'll be bringing these points up. I think a lot of miners will be at this meeting, probably scared to death.