suspense in the air is killing me!..... who will move first.... and who will move harder?
Gox in trouble -> publicity -> more people understand btc -> people decide they want to be part of it -> a few days pass until they get their money into the exchanges -> I'm writing this post -> another day passes -> the money hits the exchanges -> better wear your space suit
I would really like to meet this person who goes "Hey! Look! People who invested in bitcoin lost money because the exchange service turned out to be fraudulent. Wife, give me my wallet, I'll better transfer some money to a bitcoin exchange quickly to buy those bitcoins"
This is what I was touching on earlier. What of "fresh fiat?"
Like I said before, there won't be a recovery until the threat on the integrity of the entire market system is resolved. I only see two options for that, either gox suddenly finds all the btc and fiat or someone will bail gox out.
It was funny to me how people yelled "this is the bottom! now to recovery!" while the most important questions were still unanswered. People were so anxious and blinded that they jumped the gun and are still not able to realize what they did.
I was speculating that BTC will drop to around 200-300$ where it will find it's true solid base, where it will rest for some time. But with all this stupidity and denial flying around, I'm starting to think more about double digits.