It really makes one wonder if there are forces at work to lower the price of BTC so that someone can consolidate it. Much like the gold market is being manipulated so that the Chinese can load up at a very reasonable price so as to back the yuan...
But for what reason to manipulate BTC?
It could be a hacker offloading coins, who doesn't give a shit about the community. It could be a large player accumulating coins off exchange and exaggerating the post bubble bear market. It could be (a) central bank(s) trying to delay widespread growing adoption by smashing the price repeatedly. If bitcoin had not risen last november how much of the infrastructure and development would have happened. I am extremely dubious of the apparent friendly CB stance offered publicly by B.Bernanke last year and by the BOE this year. They arent fools.
I have taken my position in btc now. If we collapse to 266 or lower I will probably chuck another twenty grand at it but I consider the money a speculative and ideological punt.