...with the India news, I wonder if BTC is going to drop down to $7500 - $8000...

I think that BTC is going to defy India's power play move, and when that happens, the price is really going to soar.

I think the trick is to understand that the value of currency is a supply and demand issue, and even without India, there really is not enough BTC to go around.

I'm hoping to see a slingshot effect, but that could simply be wishful thinking! :)