Quote from: Nagle on October 04, 2014, 09:35:58 PM

Quote from: franky1 on October 04, 2014, 12:14:27 PM

localbitcoins is still above $400 while sheeple are panicing while looking at the crappy btc-e/bitstamp small valuations

No, there are people on localbitcoins trying to sell Bitcoins above $400. Buy prices are as low as $289.

Those are just bids and asks that are far from the market, like the ones you see on any exchange.

Price isn't really relevant to LocalBitcoins buyers, anyway. Most people buying on LocalBitcoins are using bitcoin to buy something and only care about the USD value. Investors generally buy on exchanges, where they can get better rates.

I have noticed an unusual number of sellers lately looking to sell for cash in person at exactly Bitstamp market price. It looks like some people are exiting.

Quote from: sublime5447 on October 04, 2014, 10:52:17 PM

Quote from: llanillo on October 04, 2014, 03:19:23 PM

Everyone is selling right now because they think the price go lower.. (maybe will happen) so they wont lose a lot of money

Ding, ding, ding we have a winner, but why do they think the price is going to go down? Because bitcoin's value was blown way out of proportion by speculators and the mt gox fraud, now it will go down to the a market cap that is some where near what is need to facilitate trades, which is like 20 bucks.

God do I miss 2012. I'd still consider it Bitcoin's best year. It was all about facilitating trade back in 2012 and it slowly rose literally the entire year.