Quote from: astor on April 11, 2013, 04:08 pmQuote from: thelorax on April 11, 2013, 03:53 pmi feel like its not gunna go back up ANYWHERE near 250 again.. anytime soon at least..Why? The reason we're in this mess is because MtGox can't handle the volume of people who want in on bitcoin. There were 65,000 new accounts created on MtGox in all of March, but 20,000 *per day* in April. That's a 10 fold increase. And those people were willing to buy BTC when it was over $200. Why wouldn't they buy like crazy when BTC goes below $100?That's pretty much it. MTGox will re-open, the weak will sell of their bitcoins and run for the hills. The BTC prices will be so low that the tens of thousands of people in the MTGOx queue and elsewhere will grab them all up like mad, which in turn will drive prices back up. It's the way it works. Next week they will be back up again, take that to the blockchain!