I can't help but question the mentality of people who are selling under $300. Essentially BTC just got an official approval from US. Kinda hard to claim that an asset is a ponzi or a pyramid when it's licensed, trading in NY, and backed by NY stock exchange 

When the price was over 300, then a small dump happened, which wasfollowed by a panic dump to 270 .
I think, that keeps people worried about then having holding the entire day without any worry.