Why the hell are people still selling at these prices?

[Kazimir]

If I had any fiat left, I would sure as hell used the opportunity to buy some incredibly low priced bitcoins.

Yet, to my surprise, people are still mass selling. Seriously? What the F*CK, has the whole reason why you ever got into Bitcoin in the first place, now changed? Are the fundamentals of Bitcoin now different? Is the existing fiat money system suddenly not broken anymore?

Mass psychology -- it keeps amazing me what ridiculous decisions it can cause people to make.

[1715624701]

1715624701

[AgentofCoin]

It could go even lower.
Then they will buy back in.
https://www.youtube.com/watch?v=vT8OU5WtfkQ

But, anyone who isn't buying now, will hate themselves in 1 year, IMO.


Edit: added video link for all those exchange traders out there.

[adamstgBit]

there is an epic amount of FUD floating around block size limit, a potential split in bitcoin, sell now b4 it's too late would seem to reasonable...

[DannyHamilton]

I'll just keep buying as it goes down.  Each time it drops, I get even more bitcoins for the same amount of money.

At $300/BTC I was able to get 3.33333333 per $1000

When it dropped to $250, I was able to get 4 BTC per $1000

If it gets to $100, I'll be able to get 10 BTC per $1000.

Hey, if I get really lucky, it'll drop to $1 and I'll be able to get 1000 BTC per $1000.

And if things go extremely well, it'll drop to $0.0001/BTC and I'll be able to get 10,000,000 BTC per $1000.  At that rate, I'll be able to buy up all remaining bitcoins for less than $2100, and you'll all have to come to me if you want any!   

[Snorek]

Current economic crashes of Asian markets and it follow ups happening everywhere else will make bitcoin price to go even lower. It is only the beginning of the price decline.
It will be wise to wait a bit and the buy BTC. Bitcoin is not directly linked to FIAT economy and can be viewed as different entity but people are not noticing this trait and treat BTC as another FIAT currency.
Hence we have bitcoin price drop every time there is stock market crash.

[LFC_Bitcoin]

If it goes any lower bitcoin doesn't have to go to the moon to make good money out of if it. I'm close to certain if you buy in at these prices you'll double your money at the halving next summer.

[fenican]

Bitcoins have traded in a range of $.10 to $1000 since 2009.

Whether investors are willing to pay $.10, $1, $10, $100, or $1000 is largely arbitrary.

If a miner is only profitable at $200+, he is making a very speculative and risky hardware investment.

[PolarPoint]

Traders buy and sell at any price. Some of them could have bought too much they need to cut losses. Some people are selling because they think could buy back them back lower. It's like stocks, people sell their stocks during a crash at crazy low prices.

[okae]

Why the hell are people still selling at these prices?

so easy, they are selling because i need to buy cheap

hell, if this continue to go down i will come back to faucets xD.

IMHO there is lot o factors about why people still selling at this prices, but im soquiet since i really think this is just an illusion and prices will raise a lot in the next months/years.

[Athertle]

Why the hell are people still selling at these prices?

so easy, they are selling because i need to buy cheap

hell, if this continue to go down i will come back to faucets xD.

IMHO there is lot o factors about why people still selling at this prices, but im soquiet since i really think this is just an illusion and prices will raise a lot in the next months/years.

Those sellers are stupid. Seriously; there's nothing else to it. In a couple of months they'll facepalm themselves and wonder what came over them to sell the bitcoins.

[Lethn]

Remember what happened last time guys? HODL! HODL YOU FOOLS!!!

[Possum577]

Mass psychology -- it keeps amazing me what ridiculous decisions it can cause people to make.

This and...

there is an epic amount of FUD floating around block size limit, a potential split in bitcoin, sell now b4 it's too late would seem to reasonable...

this.

I think the smart money is buying BTC, but there's just more "dumb money" moving out of it. For those that think of BTC as "just another investment class" its plausible that if they see stocks dropping they may feel that Bitcoin will be suffering the same fate. After a few people sell off and the price dips it becomes a self-fulfilling prophecy.

If you're bullish on Bitcoin...now's a great time to average down on your cost of bitcoin. If you're bullish on the major companies of the world still being able to deliver their goods and services to consumers...now's a great time to average down on your cost of stocks!

[Mikestang]

If I had any fiat left, I would sure as hell used the opportunity to buy some incredibly low priced bitcoins.

Yet, to my surprise, people are still mass selling. Seriously? What the F*CK, has the whole reason why you ever got into Bitcoin in the first place, now changed? Are the fundamentals of Bitcoin now different? Is the existing fiat money system suddenly not broken anymore?

Mass psychology -- it keeps amazing me what ridiculous decisions it can cause people to make.

If you bought around $190-$200 now is a good time to sell and see a small profit.  If things get lower, you buy in again when you think the price is bottoming out.

I've never bought coin just to hold, but if the price gets too low I'm going to have to or kick myself later for not buying in low.

[kelsey]

Current economic crashes of Asian markets and it follow ups happening everywhere else will make bitcoin price to go even lower. It is only the beginning of the price decline.
It will be wise to wait a bit and the buy BTC. Bitcoin is not directly linked to FIAT economy and can be viewed as different entity but people are not noticing this trait and treat BTC as another FIAT currency.
Hence we have bitcoin price drop every time there is stock market crash.

bitcoin should be a safehaven from market crashes, and would have been if not for the XT v core dramas 

[Liquid71]

Maybe they want to dump before their coins are blacklisted when the XT hostile takeover is complete 

[MahaRamana]

Either BTC will die around the same time as the collapsing FIAT system, or it won't. If it does not die, you will be happy to have some and will not care how much you paid for them.

Assets that will keep value through the FIAT system collapse are not so many. Diversify and place your bets wisely.

[mercistheman]

Yep, the sky is dropping... everything wrong with bitcoin is sure to happen in the next couple of weeks... The President has banned btc for life with a felony sentence.
Keep selling please 

[knight22]

[Sourgummies]

Its interesting that bitcoin is following the stock market. Think thats a bad sign as we move forward.
Not worried about this blip though.

[coinableS]

Ugh, I can't believe I just spent a heap of fiat on a vacation last week. I could be using that money to buy BTC right now!