Post
Topic
Board Speculation
Re: Why do you people sell at these price?
by
mgio
on 29/09/2014, 16:59:15 UTC
Because Bitcoin is dropping and likely will continue it's slow decline for the foreseeable future.

No one knows where the bottom is and its likely we haven't hit it yet.

Last week we had some HUGE news with paypal announcing that they will accept bitcoin. Bitcoin immediately jumped $40 on to settle back into its slow decline the next day.

If news like that can't end the decline, then not much will.

Bitcoin will go up again, but there are no signs that it is going to be in the near future.

Best bet is to sell now and buy back in at the bottom, which could be as low as $100, maybe lower.