It's because they don't really believe in it. If they did, they would just let it sit, and wouldn't bother watching the price at all.

That's why they're all in here, pumping it up like a penny stock and eating and believing their own shit.

I'm seeing a lot of denial here; an enormous amount of denial. You need to face something; Bitcoin has no use in the civilized world. I pay with cash or credit for everything. If a business doesn't take credit, I don't even frequent it. Considering the hurdles with accepting Bitcoin, mass adoption seems as likely as never. It's already been how many years now?

If a government can just ban Bitcoin, then you can never expect it to succeed either. Just look at what happened in Russia: Their currency has plummeted to a third of what it was a few months ago, yet the Russian people didn't all flock to Bitcoin. They weren't allowed to, and it wasn't seen as a viable alternative. Cyprus proved Bitcoin's legitimacy, Russia proved its worthlessness.

You need to stop talking about this shit like it's going to keep going up forever. Dogecoin parodied this mentality exactly: "To da moon!". A strong, steady decline like what Bitcoin has experienced is reminiscent of the VCR, or any technology, rather. Face it, Bitcoin is a technology. Even if cryptocurrencies were to succeed on a regular, nonblack market, it wouldn't be Bitcoin that succeeds.

I say face the reality. A truly rational person wouldn't feel the need to come in here and try talking about how everyone not investing in Bitcoin is an idiot. If they believe in it, then what others do wouldn't matter, and they wouldn't need to check the price constantly. That's all. Good luck to you all, I don't feel like this industry has any merit any longer. It feels like when Tamagotchi's went out of style. Maybe this will have more success in ten years.