For every seller there must be a buyer - page 3.

palle11

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Quote from: andys0506 on September 15, 2017, 08:46:16 AM

Ok, so if we are to believe the hype, the Chinese are dumping like crazy, and also many other weak hands. So question is, who is buying this up? Surely the smart money has held on till around the $3000 level before jumping in. So who/why is anyone actually buying over the last few days?

Yes surprisingly, this is another mystery that has been done by computer age. As you are focasting for a sell somewhere, another fellow believes and waits for a buy and it is trigered off immediately. So many people are waiting to receive your order because as you make an order someone is willing to go with it. This is made possible by internet and computers

jualidbitmixer

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Quote from: skyline247 on September 15, 2017, 08:47:39 PM

The problem is when there are too many sellers, and not enough buyers. Then you end up screwed as the price crashes.

Nope, the "Whales" will see this situation and will pump bitcoin so hard and others will follow. In the end the price of bitcoin is increase again, you happy, im happy and whales are the most happiest because they can control the market IF bitcoin really don't have any buyers which is impossible.

carlfebz2

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Quote from: skyline247 on September 15, 2017, 08:47:39 PM

The problem is when there are too many sellers, and not enough buyers. Then you end up screwed as the price crashes.

That's how market works.If theres too much on sellers than on buyers then its normal to think that price would really crash up and asking on whose buying as of these dips? Then those people who are believing on bitcoins and those traders or whales do accumulate cheap bitcoins because they know they will make money later on specially on the sudden price increase on yesterdays,if you did able to join the rise then you are surely smiling as of now.

Juliedarwin

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If you want to be a legit seller you must be looking for a buyer,yes of course you should be..or as a many customers to buy of your products.And you should have to be more of ideas to preparing of your business for convincing the people to buy,and you need more patient on that.

Tungsten-1

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Quote from: ToyotaFortuner on September 15, 2017, 09:31:30 PM

Quote from: andys0506 on September 15, 2017, 08:46:16 AM

Ok, so if we are to believe the hype, the Chinese are dumping like crazy, and also many other weak hands. So question is, who is buying this up? Surely the smart money has held on till around the $3000 level before jumping in. So who/why is anyone actually buying over the last few days?

anyone in the world who knows bitcoin will buy as much bitcoin if the exchange distance has its own advantages. everyone takes advantage of bitcoin when the price goes down to buy.

This is just like the proportion between the demand and supply in industry. When there is more demand there are more suppliers in the market. Similarly for every seller there must be a buyer of bitcoin which is possible always. Most of the newbies who don’t know about trading much sell their coins when prices are low and pro buyers buy them.

nasibakar

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I ll be a buyr for cheap coins now

(I ll buy a bit - not really big volume),... I am glad if anyone would sell cheap now, I ll be the buyer

zzSunZZ

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Last night i bought 0.03 bitcoin with price 2k9$ , and now i'm regret cause why i don't buy more . Only fucking 3 hours and Bitcoin's price is rasing 25% . Whales are coming for now. Be carefully guys, don't believe in Chinese's news or Jamie Dimon.

ToyotaFortuner

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Quote from: andys0506 on September 15, 2017, 08:46:16 AM

Ok, so if we are to believe the hype, the Chinese are dumping like crazy, and also many other weak hands. So question is, who is buying this up? Surely the smart money has held on till around the $3000 level before jumping in. So who/why is anyone actually buying over the last few days?

anyone in the world who knows bitcoin will buy as much bitcoin if the exchange distance has its own advantages. everyone takes advantage of bitcoin when the price goes down to buy.

no0dlepunk

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Quote from: andys0506 on September 15, 2017, 08:46:16 AM

Ok, so if we are to believe the hype, the Chinese are dumping like crazy, and also many other weak hands. So question is, who is buying this up? Surely the smart money has held on till around the $3000 level before jumping in. So who/why is anyone actually buying over the last few days?

Geez... I can't believe that these kinds of questions exist. I don't feel like spoon feeding you the answer - but here is something I would like you to think about:

If you are the Chinese that you were referring to as "dumping like crazy", are you going to dump your bitcoin @ $3000 right away? Of course not... You will definitely sell it at the highest as possible, correct? Now, because the volume of sellers outnumbered the buyers, the latter are the ones who are bidding how cheap they want to buy bitcoin. The buyers take advantage of the Chinese's need to cash out their bitcoins, and since there are lesser number of buyers than sellers, that leaves the Chinese no choice but to bargain at the cheapest just to make a transaction.

And then here comes the weak hands (most probably are not Chinese) panicking about the price, which eventually adds up to the volume of sellers, which gives more power to the buyers to ask for lower price. And then repeat... and repeat... until the weak hands are extinct.

And then bullish. Roll Eyes

I hope this makes sense. Aren't you going to HODL now?

The Sceptical Chymist

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It's people who believe bitcoin is oversold. And I agree with people above who have doubts as to whether China is responsible for this--how can anyone really know?

The market works like this: If there are selling orders overwhelming the buy orders, the price of whatever it is will drop. Yes, all sell orders must have a corresponding buyer for all executed orders. But there can be huge, unfulfilled sell walls that eat up all the buys. In that case, you'll see exactly what we've been seeing for the past couple of days, a gigantic dip. If only I had money, I'd be buying right now. This bull market is nowhere near over yet.

skyline247

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The problem is when there are too many sellers, and not enough buyers. Then you end up screwed as the price crashes.

LouVandetta

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Quote from: andys0506 on September 15, 2017, 08:46:16 AM

Ok, so if we are to believe the hype, the Chinese are dumping like crazy, and also many other weak hands. So question is, who is buying this up? Surely the smart money has held on till around the $3000 level before jumping in. So who/why is anyone actually buying over the last few days?

Obviously some people that buy back at dip, I'm pretty sure they got a lot of profits from the dips.
They took the opportunity when the price were cheaper. And let's not forget about FOMOs.

anklas

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Quote from: andys0506 on September 15, 2017, 08:46:16 AM

Ok, so if we are to believe the hype, the Chinese are dumping like crazy, and also many other weak hands. So question is, who is buying this up? Surely the smart money has held on till around the $3000 level before jumping in. So who/why is anyone actually buying over the last few days?

The subject answers your question. Crypto world is just like stock market that is composed of a buyer and seller. If someone sells his coin most likely will definitely wait for someone in the market to buy it other wise it would not be sold or vice versa. The more investors the more would be buyer and sellers.

Siren

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Quote from: CyberKuro on September 15, 2017, 12:51:16 PM

Quote from: andys0506 on September 15, 2017, 08:46:16 AM

Ok, so if we are to believe the hype, the Chinese are dumping like crazy, and also many other weak hands. So question is, who is buying this up? Surely the smart money has held on till around the $3000 level before jumping in. So who/why is anyone actually buying over the last few days?

Same person/people who have sold their bitcoin at higher price and trying to get profits, then buy back again.
If someone sell BTC1 at $4700 then buy back at $3000, he get $1700 profit.
Traders will do it for sure, and there are some whales do it as well, but not only BTC1, but maybe BTC50 - BTC100 at one time.
Chinese people dumped bitcoin, waiting few days later, then buy back again. It may happen in every country, in every exchange.

Exactly, this is how the whales really profit big time. Even casuals do this practice but it's how whale do it. I think anyone is not buying because they want to see the floor price before jumping in. And most of the traders saw $2800-$2900 as the best buying point so they buy, massive amounts of bitcoin that is why the price jump immediately. Currently its $3700. That's almost $1000 spike in less than 12 hours. Scary isn't? Just be cautious, although is really good to see the price recovered after helluva that the Chinese cause to the market.

avikz

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Quote from: andys0506 on September 15, 2017, 08:46:16 AM

Ok, so if we are to believe the hype, the Chinese are dumping like crazy, and also many other weak hands. So question is, who is buying this up? Surely the smart money has held on till around the $3000 level before jumping in. So who/why is anyone actually buying over the last few days?

That's very much true, at least at the current context. A massive worldwide panic has been playing a big role behind the recent slide in price but I think the situation will soon be better and it's already started showing the sign of it. Bitcoin is now up by 12% and holding at 3650 USD level. So it is definitely a good sign for us.

The recent events actually gave investors a very good opportunity to buy bitcoin at a very low price. Those who are lucky, hoarded like anything for the future and already started making profit. I just hope, the price holds its strength now and move to the upwards direction.

dothebeats

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Not true. An overpriced item wouldn't have any buyers due to it being priced more than any other goods that have the same effect, and economically people would choose what's cheaper but does the job. In the case of bitcoin, it's just short-term traders who kept on buying and selling during the drop and not really hardcore investors that are willing to hold for the next few years. Even I would take advantage of the event and would try to make a quick profit out of that.

Idrisu

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American trading section is what is helping keeping bitcoin price above $3,000 and actually this is the strength of the market currently. During America section we can see serious purchasing pressure and Asia section we see serious selling pressure! Chinese trader are trying to sell off they bitcoin becouse of the rumors that is coming out of that region that bitcoin exchanging activities will be treated as illegal. Chinese are selling and north Americans are buying currently.

CyberKuro

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Quote from: andys0506 on September 15, 2017, 08:46:16 AM

Ok, so if we are to believe the hype, the Chinese are dumping like crazy, and also many other weak hands. So question is, who is buying this up? Surely the smart money has held on till around the $3000 level before jumping in. So who/why is anyone actually buying over the last few days?

Same person/people who have sold their bitcoin at higher price and trying to get profits, then buy back again.
If someone sell BTC1 at $4700 then buy back at $3000, he get $1700 profit.
Traders will do it for sure, and there are some whales do it as well, but not only BTC1, but maybe BTC50 - BTC100 at one time.
Chinese people dumped bitcoin, waiting few days later, then buy back again. It may happen in every country, in every exchange.

mk4

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Quote from: DaMut on September 15, 2017, 12:05:17 PM

Who said it was the chinamen dumping the market ? Can you give us the poof about this one ?
As far as i know,the goverment banning the trade for their citizen and exchanger in their country,right ? So what if they buy or sell it off it ?
It was a strategy to push their economy/pump their financial,they are the leader and absolutely their decision will affecting the global market.
So,who is the buyer ? I am confident most of them are the chinamen and some of them are others.
They know how to maximize their profit,and also know how to retreat and repeat.
Just like before right ? So,do not thing about who is the buyer,but instead think how to maximize your profit in this opportunity

We don't have direct information that it's the chinese people that are selling. But knowing that they're the one's that are effected by the exchange shutdowns, it's most likely them that's selling. Also, trading volume of BTC:CNY has dropped drastically. https://coinmarketcap.com/currencies/bitcoin/#markets

"It was a strategy to push their economy/pump their financial,they are the leader and absolutely their decision will affecting the global market." That's also you making a claim. Do you also have any proof about this one?

Who are the buyers? Probably 90% of the buys are just buy offers that are set on exchanges by users if every bitcoin crashed (which it did). There aren't much buyers compared to sellers though, that's why the price crashed.

stomachgrowls

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Quote from: andys0506 on September 15, 2017, 08:46:16 AM

Ok, so if we are to believe the hype, the Chinese are dumping like crazy, and also many other weak hands. So question is, who is buying this up? Surely the smart money has held on till around the $3000 level before jumping in. So who/why is anyone actually buying over the last few days?

Who are the ones who do buy? Then for sure those people who sold their coins lately.If not all then im sure there are some who do really bought on those dip prices and now the price had risen on small percentage then those are easy profits.Buyers would really be always there specially on this dip prices because they do know that they can make money on the slightest percentage.

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