First, this site is awesome, I wish that I had discovered it before my first attempt.
I started a Brewer's Best IPA kit on Saturday, 1/10. Starting Gravity was 1.050 (right on the money). My airlock was bubbling nicely by the next day but since then, there have been no bubbles. I was able to relax after reading through a few dozen "no bubbles" threads. My concern was that I didn't aerate enough when moving the wort into the fermenting bucket. I siphoned it in and then filled up with tap water so I don't think I did a good job of getting oxygen into the fermenter.
Today, just to put my mind at ease, I took another gravity reading and got 1.012 which is exactly what the instructions say my Final Gravity should be. I tasted the sample and it tastes like beer!
Now that the fermenting has pretty much stopped, am I OK to let the temperature drop a bit? I tried to keep it up near 70 until now but my basement is quite cold, so would mid to low 60's be OK?
I plan to rack to a glass carboy this weekend, leave it there for 2 weeks, then bottle.