What is going on, who is selling at these prices? - page 2.

Amph

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Quote from: iTradeChips on January 12, 2017, 04:47:58 PM

this is normal in trading. when the price went up to about the 2013 all time high, naturally many traders took profits and the prices went down. this triggered panic selling to other bitcoin holders and the price went down further. looks like its bouncing back now

no it's not normal, it was said and it's robably correct that the chinese exchange are under invastigation by their governemtn which might close them

this produced a panic sell from the chinese which result in the price to crush, in another words this is another bad news that destroyed the value so easily

streazight

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Quote from: lionheart78 on January 13, 2017, 12:13:39 AM

Quote from: error08 on January 13, 2017, 12:09:19 AM

Quote from: calkob on January 11, 2017, 12:11:52 PM

I just dont get it. Huh

i have been in bitcoin since 2012 so i understand the ups and downs in price. i have also been acquiring bitcoin since then. but i just dont understand the how people can still be selling at below $800.

is it just people who are recent into the market ? i thought it was abit early for ATH last week but i didnt expect a pull back to below $800.

what ya thinking?

It just another manipulation by big investors as they have money to do it in my opinion.
The current price keep fluctuate but seems more drop than rises, every day many holders and traders may sell their bitcoin which they had planned to if the price reach certain point such as $1100-$1000-$900-and $800.
This situation is so beneficially for daily traders as they could buy some bitcoin at $750 and sell it in the next day at $800.

I agree and also see it that way. there is also some thought in my mind that the government of China is accumulating Bitcoin itself. If you check the pattern, it was China government that release a news way back 2013 that starts a burst and price decline. And it is China today that starts the decline of Bitcoin price by announcing something that will shaken bitcoin holders into selling. Well it is just me and my imagination but the possibility is there. They are manipulating Bitcoin price to their advantage.

If it is true then that must be a very great news for entire bitcoin ecosystem. It doesn't matter whether China is adopting bitcoins officially or unofficially. But if it happens then definitely will give us better benefits in long term.

I too believe intensively they are selling right now to get better prices to buy back.

bones

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Quote from: Nemiro on January 11, 2017, 12:39:11 PM

Quote from: Dr.Osh on January 11, 2017, 12:37:08 PM

I guess they are the ones who are impatient. maybe they want to make bitcoin prices down, so they can buy bitcoin at a bargain price. Well, I was also surprised to see the price of bitcoin down very quickly. I do not think they could sell their bitcoin under $ 800. but, maybe they have a bitcoin very much, and had to sell in large numbers.

as you know china is owning nearly 90% total bitcoin in the world. why we don't consider this big amount? and they can control this market. Everytime china has any bad news about bitcoin then the price is going down deeply.

We dont know this at all...
Do you have some magic that lets you see who owns what address and where in the world they are located?

Im guessing not.

Zisove28

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Quote from: darkangel11 on January 12, 2017, 03:00:21 PM

It works like this:
People buy coins at a price, let's say $100. When the price goes up they hold in hope for a larger gain, but when it starts falling back to $100 they sell, afraid to go below, while in fact going to $90 for a month wouldn't hurt them in the long run. This starts a chain reaction, those who bought at $99 think the same and sell at $100, and so on, until we reach the moment when those who sold at $120 and below decide it's a good price to buy back. It may be $90 or 80 or 70, depending on the attitude towards the stock, or coin.

yes you have led a very good example. Thus there is on the market. Some foolishly lose money. but if a little continued, it could well earn money

lionheart78

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Quote from: error08 on January 13, 2017, 12:09:19 AM

Quote from: calkob on January 11, 2017, 12:11:52 PM

I just dont get it. Huh

i have been in bitcoin since 2012 so i understand the ups and downs in price. i have also been acquiring bitcoin since then. but i just dont understand the how people can still be selling at below $800.

is it just people who are recent into the market ? i thought it was abit early for ATH last week but i didnt expect a pull back to below $800.

what ya thinking?

It just another manipulation by big investors as they have money to do it in my opinion.
The current price keep fluctuate but seems more drop than rises, every day many holders and traders may sell their bitcoin which they had planned to if the price reach certain point such as $1100-$1000-$900-and $800.
This situation is so beneficially for daily traders as they could buy some bitcoin at $750 and sell it in the next day at $800.

I agree and also see it that way. there is also some thought in my mind that the government of China is accumulating Bitcoin itself. If you check the pattern, it was China government that release a news way back 2013 that starts a burst and price decline. And it is China today that starts the decline of Bitcoin price by announcing something that will shaken bitcoin holders into selling. Well it is just me and my imagination but the possibility is there. They are manipulating Bitcoin price to their advantage.

error08

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Quote from: calkob on January 11, 2017, 12:11:52 PM

I just dont get it. Huh

i have been in bitcoin since 2012 so i understand the ups and downs in price. i have also been acquiring bitcoin since then. but i just dont understand the how people can still be selling at below $800.

is it just people who are recent into the market ? i thought it was abit early for ATH last week but i didnt expect a pull back to below $800.

what ya thinking?

It just another manipulation by big investors as they have money to do it in my opinion.
The current price keep fluctuate but seems more drop than rises, every day many holders and traders may sell their bitcoin which they had planned to if the price reach certain point such as $1100-$1000-$900-and $800.
This situation is so beneficially for daily traders as they could buy some bitcoin at $750 and sell it in the next day at $800.

marcoman22

sr. member

Activity: 350

Merit: 250

New traders who got panic due to btc price fall and big whales who just want btc price to fall more are selling bitcoins now.Whales will definitely rebuy it when its price falls much below $800. Its better not to follow panic sellers and hold bitcoins. We can see the present situation is much better than 2013 fall as more people know about bitcoins and demand for btc has kept its price from falling below $750.Otherwise the price would have gone to $500.

Deep In The Mines LLC

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Some people have leverage, some people just want to take their profit, there are short-term and long-term traders.

Short-term traders shouldn't trade with emotions else they might end up selling at a loss, which unfortunately seems to be the case for a lot of newbie traders.

Long-term traders generally understand how bitcoin works, and are more comfortable with a drop.

As you can tell, there are several variables and reasons for people selling, the majority of the selling is really from short-term traders.

iTradeChips

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Leading Crypto Sports Betting & Casino Platform

this is normal in trading. when the price went up to about the 2013 all time high, naturally many traders took profits and the prices went down. this triggered panic selling to other bitcoin holders and the price went down further. looks like its bouncing back now

thepo1m

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Some are new to how human psychology affect trading and follow the herd but some just don't learn from the past mistake, I could remember some weeks ago when Augur account of Ethereum investor was hacked, some people sold their Augur token for 10ksat and the second day the price went back to 400ksat

Bitcotalk

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I am also wonder that why people are agree to sell their bitcoins at that lower price even they have saw that the price can be more than $1150. I think they are the people who see the price lowering down a little bit and they worrying about the more down and start to sell what they have. They are the newbie who just hold by seeing the ups only.

Huge Black Woman

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Quote from: calkob on January 11, 2017, 01:09:42 PM

Quote from: Huge Black Woman on January 11, 2017, 12:59:16 PM

They fools who would be awhippin' out a gotdamn umbrella if'n it started rainin' bitcoin. They awways around an' they never makin' money cause they stoopit. Y'all need ta be buyin' up what them sucka MCs is sellin'. Then we be back on track fo' $1000 an' beyond. Smart folks in the hood see this here as opportunity. Dumb folks who cain't git the gotdam base pipe out they lips is the ones sellin'.

Brilliant analysis, Huge Black Woman, Grin

do you by any chance know diamond & Silk ? Wink

Wail, you know. I gots my Ph.GED in home economics some time ago, an' if'n you gimme 40 cents I can make you a dolla outta it. Ain't no joke neither. Catfish fo' dinna tonight! Mmmm hm.

darkangel11

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Don't let others control your BTC -> self custody

It works like this:
People buy coins at a price, let's say $100. When the price goes up they hold in hope for a larger gain, but when it starts falling back to $100 they sell, afraid to go below, while in fact going to $90 for a month wouldn't hurt them in the long run. This starts a chain reaction, those who bought at $99 think the same and sell at $100, and so on, until we reach the moment when those who sold at $120 and below decide it's a good price to buy back. It may be $90 or 80 or 70, depending on the attitude towards the stock, or coin.

fikihafana

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Activity: 462

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Quote from: calkob on January 11, 2017, 12:11:52 PM

I just dont get it. Huh

i have been in bitcoin since 2012 so i understand the ups and downs in price. i have also been acquiring bitcoin since then. but i just dont understand the how people can still be selling at below $800.

is it just people who are recent into the market ? i thought it was abit early for ATH last week but i didnt expect a pull back to below $800.

what ya thinking?

many people selling below $800 because of panic sell, and some of them know nothing about bitcoin future

chaser15

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Quote from: jooj on January 12, 2017, 11:39:40 AM

Quote from: blackmagician on January 12, 2017, 09:10:21 AM

Just calm down this selling may end soon. And we will going back on the right track. Profit takers are making the price to go down, andnafter that buying time is next and the next target is 1500$. Grin

What are the reasons that make you certain that the price of bitcoin will rise to this figure?

Same questions can applied on why the price will decrease to below $500 or something like that in the future with the status of bitcoin today.

You know even without a solid basis I can shown or technical analysis I can present, bitcoin is definitely going back to what it was reached recently. And it can even passed it. It just needs time as we can't dictate what will be the price after in just analyzing the price behaviour for a short period of time. Bitcoin isn't an alt so better make room for understanding the difference of fluctuations in bitcoin compare to other alts.

CyberKuro

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Quote from: Mometaskers on January 11, 2017, 12:50:45 PM

Quote from: Nemiro on January 11, 2017, 12:39:11 PM

Quote from: Dr.Osh on January 11, 2017, 12:37:08 PM

I guess they are the ones who are impatient. maybe they want to make bitcoin prices down, so they can buy bitcoin at a bargain price. Well, I was also surprised to see the price of bitcoin down very quickly. I do not think they could sell their bitcoin under $ 800. but, maybe they have a bitcoin very much, and had to sell in large numbers.

as you know china is owning nearly 90% total bitcoin in the world. why we don't consider this big amount? and they can control this market. Everytime china has any bad news about bitcoin then the price is going down deeply.

Which would make it easier for new users to buy cheaper bitcoin, which then drives the price back up again. True, they're heavy users of bitcoin and it is a bit worrying that a sneeze there would make everyone else catch cold (or is it smog allergy?). Still, I don't see any reason for the gov't there to try to drop the price since that would affect all the miners there.

As for people selling it below $800, it must be really new adopters who are anxious that the price will drop even further. If you managed to buy btc when it was dirt cheap, there's really no reason for you to cash out in bulk.

Agree, if bitcoin users in China have 90% of total circulation, it's easy to manipulate the market price.
Sell BTC500-5000 will affect on the price obviously.
New comers panic looking at those drops and sell too, not a wise decision.
I only think positively about it, good time for purchase some cheaper bitcoin before it rise over $1000 again.

calkob

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Quote from: mk3000 on January 12, 2017, 09:56:49 AM

if you've been using and buying bitcoin since 2012 then you know the overall tendency of price remains. weren't you here when bitfinex got "hacked"? FUD makes price drop, wait a few days, then price continues to move up as it has for the last 3 years.

Yeah i fully understand what actually happens, my question was trying to get at why it happens i suppose. I guess it is just that people panic and dont see the long term fundamentals that show that bitcoin will be worth far more than the current price eventually.

Mastsetad

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We should not forget that there have been people waiting for price to reach this extent, then how come we can expect them to keep holding them for longer? Maybe they have sold some of their coins to get some profit and keeping a part of them to see if the price grows higher in future, that is what we all think of all the time.

jooj

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NOBT - WNOBT your saving bank◕◡◕

Quote from: blackmagician on January 12, 2017, 09:10:21 AM

Just calm down this selling may end soon. And we will going back on the right track. Profit takers are making the price to go down, andnafter that buying time is next and the next target is 1500$. Grin

What are the reasons that make you certain that the price of bitcoin will rise to this figure?

susila_bai

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The same old story why their is selling , it is clear that due to china government made some rules for bitcoin users so some traders who got panic and started to sell it and some of them are new comers who have bought on high rate and seeing the selling pressure they are getting out of knowing that low loss is better then fully loss. As they dont the potential power of bitcoin.

Topic: What is going on, who is selling at these prices? - page 2. (Read 2094 times)