Topic: So Who's Selling? (Read 3206 times)
Dude don't panic, this is more market noise.
Well the volume continues to remain low, so whoever is selling and buying is not making enough waves or ruffling enough feathers.
interestingly enough that more and more people have started talking about selling when its pretty obliviously that the price will go up by the end of the year. I wonder if they are saying that because want to buy now at a little price or they are really sure that the bitcoin price will go down
Well, it's not obvious the price will go up by the end of the year, but it's a very realistic possibility.
Change my view. I am going long and will sell at 700.
interestingly enough that more and more people have started talking about selling when its pretty obliviously that the price will go up by the end of the year. I wonder if they are saying that because want to buy now at a little price or they are really sure that the bitcoin price will go down
Forget it. Although I'm not holding a big amount of BTC but I'm not selling it that soon.
Covered at around 565.
Looking to short around 610 if it reach there within this week.
Looking to short around 610 if it reach there within this week.
There's a lot of lucky NEETs that mined BTC in the early days and are still holding and devating to dump or not. The price stability could make these people nervous as hell.
The price will continue to bounce up and down and the reason is simply because it's such an unreliable currency to predict.
Miners sell, investors panic-sell when miners sell and the bridge just goes from there until a good piece of news comes out and the price rises, then the process happens all over again.
It could be market dictation, but it isn't always the case
Miners sell, investors panic-sell when miners sell and the bridge just goes from there until a good piece of news comes out and the price rises, then the process happens all over again.
It could be market dictation, but it isn't always the case
Almost the same happens with anything but major currencies (euro, dollar). Look at the gold and silver price swings over a few recent years, as an example. Or at that famous oil fall and rise of 2008, when it went down from $140 to nearly $30 per barrel and then bounced back to above $100.
maybe the ethereum guys are converting some bitcoin to fiat to pay bills
Merchant and miner do usually hold coin for long.
Optimistic scenario:
https://bitcointalksearch.org/topic/m.8068282
Under a pessimistic scenario, the odds of which is less than 50%, it could go to $400-450 where there is a strong support. If it goes that low, it will take longer to rise to the old ATH, probably by the end of 2015 only.
https://bitcointalksearch.org/topic/m.8068282
Under a pessimistic scenario, the odds of which is less than 50%, it could go to $400-450 where there is a strong support. If it goes that low, it will take longer to rise to the old ATH, probably by the end of 2015 only.
Extrapolating beyond 2014 is inherently going to be pretty unreliable.
I think your projections for the next 2 months are accurate though.
a) miners;
b) long term hodlers who buy at Overstock and other stores (technically they don't sell, but the payment processor for Overstock sells bticoins for fiat which has the same result);
c) impatient investors;
d) speculators who sell in hopes to buy cheaper later.
e) those who urgently need fiat for some reason;
b) long term hodlers who buy at Overstock and other stores (technically they don't sell, but the payment processor for Overstock sells bticoins for fiat which has the same result);
c) impatient investors;
d) speculators who sell in hopes to buy cheaper later.
e) those who urgently need fiat for some reason;
Sure. But this could be said for any recent time period really.
I was thinking more along the lines of what m1rr0rm3 proposed, larger volume selling from ? ? ?
...although you could certainly be correct.
Does this link work for other people? https://blockchain.info/largest-recent-transactions - it doesn't for me.
Anyone selling under $1250, at a loss, is a moron.
The price will continue to bounce up and down and the reason is simply because it's such an unreliable currency to predict.
Miners sell, investors panic-sell when miners sell and the bridge just goes from there until a good piece of news comes out and the price rises, then the process happens all over again.
It could be market dictation, but it isn't always the case
Miners sell, investors panic-sell when miners sell and the bridge just goes from there until a good piece of news comes out and the price rises, then the process happens all over again.
It could be market dictation, but it isn't always the case
Whale selling off and buying back in? Thats what it seems like when the price goes back from 575 to 593 in just a few hours
The price of bitcoin has moved much farther then that before in terms of percentages.
Whale selling off and buying back in? Thats what it seems like when the price goes back from 575 to 593 in just a few hours
Shorting small amount with tight stop.
It is more interesting to know for how long and how much the price is going down. Just saying that it will go down (or up for that matter) actually amounts to nothing once the movement has begun.
Optimistic scenario:
https://bitcointalksearch.org/topic/m.8068282
Under a pessimistic scenario, the odds of which is less than 50%, it could go to $400-450 where there is a strong support. If it goes that low, it will take longer to rise to the old ATH, probably by the end of 2015 only.
Some whales managing the price and some miners selling
That said, the price is likely to go down further...
That said, the price is likely to go down further...
It is more interesting to know for how long and how much the price is going down. Just saying that it will go down (or up for that matter) actually amounts to nothing once the movement has begun.
Some whales managing the price and some miners selling
That said, the price is likely to go down further...
That said, the price is likely to go down further...
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