there is one positive aspect regarding the sudden price drop... people might actually spend them buying services rather than hording them.
people held on to them like no tomorrow because they though the price would go up... now it's proven that isn't the case... so they might be more inclined to spend them.... if merchants want to accept that risk now.
My thoughts exactly. The hoarders are what will kill BTC. Hopefully the rate will stay at $7 for a few weeks will work to assuage any merchant's fears.
Stop hoarding. Support merchants.