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;
Topic: So Who's Selling? - page 2. (Read 3236 times)
This is just a temporary drop, some big miner want to sell some btc for paying off their electricity bills.
falling to $520
Could you give any reasons for thinking so and when is this going to happen? Or is it just your wishful thinking?
i posted in spculation, below is the link:
https://bitcointalk.org/index.php?topic=178336.155560
falling to $520
Could you give any reasons for thinking so and when is this going to happen? Or is it just your wishful thinking?
falling to $520
This person seems to be making money out of Bejing
Transactions that were relayed first by the ip 115.29.196.182
Transactions that were relayed first by the ip 115.29.196.182
So some of the Chinese are secretly fixing their losses that they incurred when they had been buying at or near all time highs in November-December? If so, we could expect a prolonged fall with minor rebounds.
This person seems to be making money out of Bejing
Transactions that were relayed first by the ip 115.29.196.182
Transactions that were relayed first by the ip 115.29.196.182
Someone dropped over 7000 BTC on the open market and the price of BTC dropped from $600.00 to just under $568.00. Whom ever is doing this has accounts on all of the exchanges and is manipulating the market place by making the price fluctuate.
If you wanted to find out who was selling you could probably watch blockchain.info for their info.
If you wanted to find out who was selling you could probably watch blockchain.info for their info.
The only time Bitcoin seems to be going up is due to speculation buying anytime there's "good news". Like Newegg said it'ld accept Bitcoin and the Bitcoin went up by $30-40 very quickly but no way was that new users, it was existing holders buying more Bitcoin with anticipation that prices will be going up and therefore to sell at a gain.
Bitcoin needs a huge rush of capital, like back in November / December, to go up again. Nobody knows when or if it will happen.
Bitcoin needs a huge rush of capital, like back in November / December, to go up again. Nobody knows when or if it will happen.
On Thursday we watched the price dive from $617 to $597 over a 7-8 hour period - a relatively fast and steady drop.
In terms of Market Cap, this would have been a reduction of roughly $260M or ~420,000 BTC.
Within the past 2 hours there was another significant decline from $590 to $580...
which, again, might not seem like a lot in BTC/USD exchange terms - but as far as Market Cap goes that's a ~$130M difference (or ~220,000 BTC).
I understand Ethereum raised a significant amount in bitcoin and may have cashed out already.
The Bitlicense proposal and ban in Ecuador might have been contributing factors...
What else is happening right now though? Has there been any major movements from the 'big wallets' that people follow?
If I was scared I'd say I'm scared. I'm not. Just trying to gain a better understanding.
Thoughts?
*probably should have posted this in Speculation, sorry*
In terms of Market Cap, this would have been a reduction of roughly $260M or ~420,000 BTC.
Within the past 2 hours there was another significant decline from $590 to $580...
which, again, might not seem like a lot in BTC/USD exchange terms - but as far as Market Cap goes that's a ~$130M difference (or ~220,000 BTC).
I understand Ethereum raised a significant amount in bitcoin and may have cashed out already.
The Bitlicense proposal and ban in Ecuador might have been contributing factors...
What else is happening right now though? Has there been any major movements from the 'big wallets' that people follow?
If I was scared I'd say I'm scared. I'm not. Just trying to gain a better understanding.
Thoughts?
*probably should have posted this in Speculation, sorry*
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