Quote from: jjacob on October 05, 2014, 02:16:46 AM

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.

What is needed to facilitate trades is not a small / high market cap, but stability.

Stability comes when there is a market to back up the price.. it is the ability to redeem that gives currency its value.