They are going down because asshats are panicing that the price is dropping so they are selling them for WAY less then they should which drives the market price down. if you look at mt.gox the low is $120 the average is $165 BUT the the HIGH is at $258! So some people are still easily selling their coins to others for over $200....the "low" price is just the lowest price that someone has sold them for in the last 30 seconds, it is their fault for being stupid and selling them for less then they should of but people that are smarter benifit from the asshats mistakes..... If people weren't so dumb and selling their coins for way less then the average the price would not drop, but watch, things will level out and the average will soon be over $200 like it was before and then everyone that was smart enough to buy coins right now instead of laughing at the people who didn't sell them before the drop are going to profit. I even bought some late last night because of the drop because I KNOW I will profit and I've already made enough fucking with these coins to make me more then happy but I couldn't resist buying them up when I saw the price drop that fast
It's a lot of maths, cryptography (SHA hashes are at the heart of Bitcoin), and demand -- and if there was no demand there wouldn't be over $1 billion market pool ... there is no "SPECULATION" to account for why a lot of us made a lot of money today, but feel free to call it whatever you want 
Most detractors in here are not "laughing". We are just pointing out that this is a trade and not a viable currency at the moment. People are making money hand over fist TRADING Bitcoins. Extreme volatility negates something as a currency. Extreme volatility makes something a good day trade. It's more than just semantics. It's a very important distinction.They are going down because asshats are panicing that the price is dropping so they are selling them for WAY less then they should which drives the market price down. if you look at mt.gox the low is $120 the average is $165 BUT the the HIGH is at $258! So some people are still easily selling their coins to others for over $200....the "low" price is just the lowest price that someone has sold them for in the last 30 seconds, it is their fault for being stupid and selling them for less then they should of but people that are smarter benifit from the asshats mistakes..... If people weren't so dumb and selling their coins for way less then the average the price would not drop, but watch, things will level out and the average will soon be over $200 like it was before and then everyone that was smart enough to buy coins right now instead of laughing at the people who didn't sell them before the drop are going to profit. I even bought some late last night because of the drop because I KNOW I will profit and I've already made enough fucking with these coins to make me more then happy but I couldn't resist buying them up when I saw the price drop that fast
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