just say if im wrong, but bitcoins should go up, when the dollar goes down right?
because the dollar have a lower value then it has last week, and the value of bitcoins are the same.
the price should go up.
now, why isn't it doing that? speculators are panicking?
And the answer is ... drumroll ... supply > demand (big surprise).
All you have to do us buy $1M USD worth of BTC, and the price will go up.