Let's see a list of say 100 people who bought at $1000 to prove the statements that was made by these idiots. Why would you only sell now and not when the price was $19 000?
Mark my words, something is happening behind the scenes.
Topic: [2018-11-20] Crypto Investors Who Bought Bitcoin at $1,000 are Now Starting to - page 2. (Read 309 times)
November 21, 2018, 07:04:43 AM
You know when the media giants starts to spread FUD, then we are in for some big surprises. They usually do this when they have some hidden agenda. I think they get some inside information from their puppet masters to influence the price and they start shitting out all this FUD.
Let's see a list of say 100 people who bought at $1000 to prove the statements that was made by these idiots. Why would you only sell now and not when the price was $19 000?
Mark my words, something is happening behind the scenes.
Let's see a list of say 100 people who bought at $1000 to prove the statements that was made by these idiots. Why would you only sell now and not when the price was $19 000?
Mark my words, something is happening behind the scenes.
November 20, 2018, 07:30:34 PM
What the fuck is wrong with these people? They sat all the way through a bubble and did nothing and are dumping just as the real scraping starts to warm up? I thought deep pockets were sharp pockets. Evidently not. This is a poor show.
lol, been thinking the same thing. why on earth are they selling their bitcoins now? are they waiting for bitcoin price to fall down to $4000 before they sell or what? the bitcoin price reached its peak at around $19,500 since then the price is falling. the question is what are they waiting for since? i think they should at least sell their bitcoins during the time when the price was $15,000 not even $10,000. 
November 20, 2018, 07:14:53 PM
What the fuck is wrong with these people? They sat all the way through a bubble and did nothing and are dumping just as the real scraping starts to warm up? I thought deep pockets were sharp pockets. Evidently not. This is a poor show.
November 20, 2018, 06:28:17 PM
Crypto Investors Who Bought Bitcoin at $1,000 are Now Starting to Sell
According to Michael Moro, the CEO of a major over-the-counter (OTC) crypto trading firm, investors that bought Bitcoin in early 2017 are now starting to sell.
Speaking to The Block, Genesis Global Trading CEO Michael Moro, who provides institutional investors access to block size liquidity to purchase or sell cryptocurrencies like Bitcoin, Ethereum, and Bitcoin Cash, said that large investors have started to move funds garnered when the price of Bitcoin was just about $1,000.
“We are seeing the folks who bought in early 2017 sell for the first time today,” Moro told Frank Chapparo, adding that the majority of Bitcoin investors that bought into the market in the first quarter of 2017 have started to see near to zero return on investment off of their cryptocurrency investment.
Bitcoin at $4,200
On November 20, CCN reported that the price of Bitcoin reached a new yearly low once again for the second time in a week, falling below the $4,200 mark to $4,170 on fiat-to-cryptocurrency exchanges like Coinbase and Kraken.
The price of Bitcoin on cryptocurrency-only exchanges did not drop below $4,400 due to the premium on the Tether-to-BTC pair created by a decline in the price of the US dollar-backed stablecoin.
“The bears aren’t even pushing, BTC is just free-falling. Very weak dump, imagine what it looks like when the volume comes in. A short-term reversal could happen at any moment – shorting with high leverage is a terrible idea. However, if you are trying to knife catch, be patient. No one should be in a rush to long this,” one technical analyst said.
However, over the past 12 hours, the volume of BTC has increased from around $5 billion to $8 billion, by more than 60 percent, suggesting that BTC could establish a bottom-like trend in the low region of $4 billion.
Throughout the past two days, the volume of BTC remained relatively low despite its steep decline from $5,500 to $4,300, leading investors to be concerned about the short-term trend of the digital asset.
Gloomy Period For BTC
In consideration of poor market conditions and the intensity of the drop of BTC in the past five days, investors, even those that bought BTC at $1,000 to $2,000, are expected to sell a significant chunk of their holdings fearing a further drop below major support levels.
Investors from the first quarter of 2017 are still up 50 to 100 percent on their investments. But, the cryptocurrency market has not seen a correction of this scale since 2014, when the value of BTC dropped by more than 85 percent.
BTC is yet to achieve an 85 percent drop from its all-time high at $19,500. An 85 percent drop from $19,500 is $2,950, and the dominant cryptocurrency would have to drop by more than 32 percent from $4,400 to dip below $3,000.
If investors from nearly two years ago are starting to clean up their portfolio, the vast majority of investors who entered the space in mid to late 2017 have likely existed from the market. The next mid-term rally of BTC and other major cryptocurrencies would require a new wave of investors, which could result in a months-long consolidation period.
Reference: https://www.ccn.com/crypto-investors-who-bought-bitcoin-at-1000-are-now-starting-to-sell/
According to Michael Moro, the CEO of a major over-the-counter (OTC) crypto trading firm, investors that bought Bitcoin in early 2017 are now starting to sell.
Speaking to The Block, Genesis Global Trading CEO Michael Moro, who provides institutional investors access to block size liquidity to purchase or sell cryptocurrencies like Bitcoin, Ethereum, and Bitcoin Cash, said that large investors have started to move funds garnered when the price of Bitcoin was just about $1,000.
“We are seeing the folks who bought in early 2017 sell for the first time today,” Moro told Frank Chapparo, adding that the majority of Bitcoin investors that bought into the market in the first quarter of 2017 have started to see near to zero return on investment off of their cryptocurrency investment.
Bitcoin at $4,200
On November 20, CCN reported that the price of Bitcoin reached a new yearly low once again for the second time in a week, falling below the $4,200 mark to $4,170 on fiat-to-cryptocurrency exchanges like Coinbase and Kraken.
The price of Bitcoin on cryptocurrency-only exchanges did not drop below $4,400 due to the premium on the Tether-to-BTC pair created by a decline in the price of the US dollar-backed stablecoin.
“The bears aren’t even pushing, BTC is just free-falling. Very weak dump, imagine what it looks like when the volume comes in. A short-term reversal could happen at any moment – shorting with high leverage is a terrible idea. However, if you are trying to knife catch, be patient. No one should be in a rush to long this,” one technical analyst said.
However, over the past 12 hours, the volume of BTC has increased from around $5 billion to $8 billion, by more than 60 percent, suggesting that BTC could establish a bottom-like trend in the low region of $4 billion.
Throughout the past two days, the volume of BTC remained relatively low despite its steep decline from $5,500 to $4,300, leading investors to be concerned about the short-term trend of the digital asset.
Gloomy Period For BTC
In consideration of poor market conditions and the intensity of the drop of BTC in the past five days, investors, even those that bought BTC at $1,000 to $2,000, are expected to sell a significant chunk of their holdings fearing a further drop below major support levels.
Investors from the first quarter of 2017 are still up 50 to 100 percent on their investments. But, the cryptocurrency market has not seen a correction of this scale since 2014, when the value of BTC dropped by more than 85 percent.
BTC is yet to achieve an 85 percent drop from its all-time high at $19,500. An 85 percent drop from $19,500 is $2,950, and the dominant cryptocurrency would have to drop by more than 32 percent from $4,400 to dip below $3,000.
If investors from nearly two years ago are starting to clean up their portfolio, the vast majority of investors who entered the space in mid to late 2017 have likely existed from the market. The next mid-term rally of BTC and other major cryptocurrencies would require a new wave of investors, which could result in a months-long consolidation period.
Reference: https://www.ccn.com/crypto-investors-who-bought-bitcoin-at-1000-are-now-starting-to-sell/
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