With Bitcoin Death Spiral in full effect, why is the price still so high $4000+?

Can anyone explain the unreasonably high price? Bitcoin is slow, has huge fees and BCH offers a better and more profitable solution for miners, so miners are switching as it is 58% more profitable to mine and will only go up.

How can Bitcoin compete? It can't, hence the problem: http://ift.tt/2vUgFfY

So this pretty much means death for bitcoin for real this time.

However, knowing that it is impaling right, should the price not be like 400$ or something? Why the hell is it still so unreasonably high?

Can anyone explain? Is the market really this dumb?

submitted by /u/AnythingForSuccess
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