If Bitstamp is back with improved security and no one got Goxed, why are we going nowhere but down?
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 who use Bitcoin do control the price and are the reason we're going down.
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.
The early adopter: this big group of people just keep 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.
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.
PREACH
Show Posts
