Hmmmm.....it's 1:36pm CST and someone on Cryptsy has a 1.3 btc buy at 699. Wow!!!! Looks like somebody knows something we don't. They are trying to buy around 150,000.00 pot. Well i hope this stops the selling and starts the buying. We need to get back to the 2500+ level and smooth out there.
It's because:
Most coins going through a big change like this experience a mine/pump/sell/pump/dump, and then taper off/die. The pattern, so far, is the same. Perhaps Potcoin will survive. The ATM is one of the good things going for it, but it'll need more and more of them deployed not just 1 or 2.
Shortly after the wallet was released there was a pump/dump, and now before block halving we're entering the sell/pump/dump phase.