Why the hell are people still selling at these prices?

[HostFat]

You can see that even here on Bitcointalk many users doesn't know a shit about Bitcoin, so you can be sure that most speculators have no clue about what they have in their hands.

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[AgentofCoin]

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

It does seem like a bad sign for bitcoin, but the reality is the world markets are really getting hit bad right now.
Even with the whole blocksize/core v xt debate, I believe this would still be happening.

To place into perspective, Gold and Silver isn't really rising either. Went down today I believe.

People are scared and really just want to get into cash, IMO.

[AgentofCoin]

You can see that even here on Bitcointalk many users doesn't know a shit about Bitcoin, so you can be sure that most speculators have no clue about what they have in their hands.

This is very true as well.

[unholycactus]

You can see that even here on Bitcointalk many users doesn't know a shit about Bitcoin, so you can be sure that most speculators have no clue about what they have in their hands.

Bitcoin's rises and falls haven't made much sense to me in the past years. I suppose it's normal to be clueless about something that's nearly impossible to follow.

[HostFat]

Bitcoin's rises and falls haven't made much sense to me in the past years. I suppose it's normal to be clueless about something that's nearly impossible to follow.

A good and old advice is that people should not invest on what they don't know, but I'm sure that many were doing it, and many heavy hands too.

[Hazir]

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...

FUD about XT vs core and starting point of global economic crisis happened to be correlated in time. Of course people will panic.
People will panic because they are not entirely sure how bitcoin work and think that this bullshit what is going on now can seriously make bitcoin disappear.
Soon everyone realize that this is the best way to obtain cheap coins before halving. Your last chance boys.

[AgentofCoin]

You can see that even here on Bitcointalk many users doesn't know a shit about Bitcoin, so you can be sure that most speculators have no clue about what they have in their hands.

Bitcoin's rises and falls haven't made much sense to me in the past years. I suppose it's normal to be clueless about something that's nearly impossible to follow.

They don't make much sense to anyone, usually.
But if you believe in the technology and protocol, and are long term, then there is nothing to worry about.

If you are in and out, trying to make "fast" or "easy" money, then this currently is a nightmare.

[Luqman]

Bitcoin xt just causing bitcoin price go down  

[fenican]

Main cause of the price drop is the collapse in global equities not the block size debate.

When markets are in free fall, people tend to liquidate whatever they can get their hands on - including BTC - to meet margin calls and put food on the table that dividends can no longer provide.

[ebliever]

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

It does seem like a bad sign for bitcoin, but the reality is the world markets are really getting hit bad right now.
Even with the whole blocksize/core v xt debate, I believe this would still be happening.

To place into perspective, Gold and Silver isn't really rising either. Went down today I believe.

People are scared and really just want to get into cash, IMO.

I think that's it. The gold fund I sold a while back to get my Roth IRA into Bitcoin Investment Trust was down 6%, more than the stock market. The blocksize debate surely isn't helping, but bitcoin is caught in a general panic right now.

[kelsey]

You can see that even here on Bitcointalk many users doesn't know a shit about Bitcoin, so you can be sure that most speculators have no clue about what they have in their hands.

which makes bitcoin the failure 

[Quantus]

I cashed the fuck out. Overlord Gaven is taking over control of Bitcoin.
Enjoy your worthless bloat coins.

[Kakmakr]

We need more people to panic, because the price should go down below $200 for us to make a huge profit from these fools. ^joke^ If they cannot see the bigger picture, they deserve to miss the boat.
I am still holding some fiat for the $200 and then I will jump in for the bargain buy of the century, seeing that I
missed out on the early years.

Let's trim the fat off, and keep a level head. The sun will come up again, and it will shine on the brave.

[Soros Shorts]

You can see that even here on Bitcointalk many users doesn't know a shit about Bitcoin, so you can be sure that most speculators have no clue about what they have in their hands.

which makes bitcoin the failure 

Not necessarily, because Bitcoin is much more than just about speculation. For those who only view it as a purely speculative instrument they deserve to lose their shirts for investing in things they don't understand.

[bitbaby]

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. The debate or warning is everywhere, whether it be twitter, fb, news etc and people are being cautious and they're selling for they think they'll lose money when this happens. I think people who are debating on these forums need to settle down, if fork reaches the consensus it will happen or it won't if it doesn't but the common people see this as a fight happening between devs and what this is doing is people are losing their confidence in Bitcoin. In trying to better Bitcoin I hope they don't end up ruining it.

[kelsey]

You can see that even here on Bitcointalk many users doesn't know a shit about Bitcoin, so you can be sure that most speculators have no clue about what they have in their hands.

which makes bitcoin the failure  

Not necessarily, because Bitcoin is much more than just about speculation. For those who only view it as a purely speculative instrument they deserve to lose their shirts for investing in things they don't understand.

as a currency it does matter, that can not be overstressed, its a point i've been expressing from the very beginning. if people don't understand it they'll never trust it, or use it.

KISS, no crypto will make it in any meaningful fashion as a useable currency unless its simplified alot.

tis possible tis why i always say the only good thing to come out of crypto so far is the idea.

and tba the only thing that gives bitcoin its 'price' todate is the Greater Fool Theory;

The greater fool theory states that the price of an object is determined not by its intrinsic value, but rather by irrational beliefs and expectations of market participants. A price can be justified by a rational buyer under the belief that another party is willing to pay an even higher price. Or one may rationally have the expectation that the item can be resold to a "greater fool" later.

[novadragon]

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.

I think they are just panicking because a drastic reduction of the price of bitcoin, because they quickly sell their bitcoin

[nydiacaskey01]

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.

maybe there is no reason to keep bitcoin for now
last night before going to sleep its $218
I woke up $209
we are all hoping for price to recover but its not going to that direction I think

[Amph]

apparently dev found a way to kill bitcoin, and it was so simple, create a good community split, it will go down even further, but it should not touch something crazy like 100

i think there is a selling presure done on purpose here everyone know that it will tank and thus they are selling, if it crash too hard new early adopters will emerge, not really a good thing...

[Shinpako09]

Simply because they are thinking that btc price will continue to fall and fall and fall which is not