Cashing out my last coins at 400 was the best decision i made last year.

I can only imagine how i would feel being a bagholder now.

You're doing something very wrong if you're still holding coins.

Well, 280 is very expensive so traders will take us down to 250.

See sig.

Cheap coins! Where's the party!

And monday suddenly everyone starts buying for the first time in 12 months?

Sure. Just too bad it won't happen anymore. You should be very worried about the low price. Or the fact that Bitcoin turned into nothing more than some pump and dump coin like the 1000 alt coins out there.

These dumps have been happening daily for the last 12 months. You expected it to stop today?

Uh what else do you expect from a pump and dump coin?

The 235th double bottom since 1200.

We basically need a miracle. Everything else needs to stop working for Bitcoin to start working.
Maybe, just maybe there is something wrong with Bitcoin then.

Jesus Christ! Do i need to explain it again?

Look there are 4 types of Bitcoin users left:

The consumer: This is a very, very small %. They buy coins and spend them. Regardless of the price.

The bagholder: a small group of delusional idiots who keep yelling that we're about to go up, no matter how bad the market is.

These 2 groups don't control the price.
The 2 other groups do control the price and are the reason we're going down.

The early adopter: this big group of people just keeps cashing out. The smart ones did it early last year, the less smart ones have been doing it the rest of the months and even today.

The trader: by far the biggest group. This is the pump and dump you keep on seeing. Sell high, buy low. But the lows keep getting lower. Right now 270 is high. So guess what, they will take the price to 220 to buy low. They will repeat this all the way to 0.  

The group we don't have and which we need are new users. Well, after 6 years we can safely say they won't show up anymore.

Now fucking stop asking why the price is going down. 90% of the "users" of Bitcoin just use it to make short term money and don't give a shit about the technology. The will keep raping Bitcoin till it's dead.

There is absolutely no guarantee there will be a price increase again.

Don't you get it? Traders want 250 coins because 280 is crazy expensive.
At 250 they'll want 220 coins because 250 is crazy expensive.

This has been going on since 1200 and won't stop till Bitcoin is dead. If you still don't see this after a year then there's something seriously wrong with you.

You just figured this out?

How's the pump and dump going?

Just 280 more bucks guys. You almost killed it. Just a few more months. You can do it!

Good thing the price of Bitcoin is not relevant.

And then the dumpers took over.

300 is crazy expensive. That's why traders are pushing it down to 250. But by then 250 will be crazy expensive.

Why? Because the traders won't stop dumping and taking the price down till Bitcoin is worthless.

Nobody there believes in Bitcoin. It could be anything. Candy bars or teddy bears. They're just milking it while they still can while running it into the ground. As i said before it will be over before the end of 2015.

If you believe in Bitcoin and are trading at the same time then you're a total idiot.