What utter nonsense. We should go work for btc because a few traders are selling some coins?
A few things:
1) That amount there is only 13% of total available coins, which is really not that bad for a young currency.
2) You have no way of knowing what the intentions of the people who have coins on bittrex are - e.g. a lot of people may have coins there just to put walls up on the higher numbers to help stabilise the currency, or as a trading strategy tot ry drive the price down - these people don't intend for the coins to all sell necessarily. e.g. that wall at 999 of ~40 BTC, that used to be at 777 but was moved, people do this sort of thing all the time...
3) Buy orders outnumber sell orders by more than double currently.
4) For every sell there is a buy so your statement is bollocks, some people are simply trading with other people.
5) Even if 13% of buyers are dumping out it in no way affects the goal of this project which is to create a usable currency.
6) Most of the current selling is probably speculators and not long term holders
I could go on, but it isn't worth the time, is it a bit disappointing to see the price go down a bit and a lot of coins for sale, sure - I mean we would all like to think our coin is worth more - but we have to remember that we just had an absurdly high rise in price over a short period in time, this sort of thing is to be expected.