Many traders are still doubting the price of bitcoin in the market, if to sell or keep holding their coins till November when the price of bitcoin will finally hit $80. Now the price of bitcoin just hit $66k, it is better to sell your coins to earn well from the market than regret with your coins soon, if the price decrease to $40k.
I sold my coins few hours ago when the price was $64k. There are still more customers who are still selling their coins in the market because the market is looking good for customers to make a good profits. Many investors will not miss this great opportunity by selling their coins in this season to make suitable income before the price drop.
Topic: Who is selling? (Read 1345 times)
Like I get the markets move but is this big wallets, ancient wallets? Who is actually selling? Normie noobs who just got in the market and are spooked by comments?
I dream of the day when alt coins are not tied to the price of bitcoin. Uhg...
I think it is deep holders who have been buying altcoins for a long time. This is, in principle, a normal phenomenon, regarding the pegging of bitcoin to alts, I think it will always be pegged, as long as its market value and capitalization are so high, as well as the bitcoin hype is always at its best. I dream of the day when alt coins are not tied to the price of bitcoin. Uhg...
I don't think we will see this in the near future. Although the crypto market is unpredictable, you still need to have certain predictions.
As long this market is up and running and if you are a trader or investor then speculating and making out prediction would be always a part of our livesor as long you've been touching this place.Selling part would always be a common action but telling on who are the ones who had been selling?
It would be composed of several entities which you do know on who it is. Its just really been part that we do take out profits and we know that
market works on buy and sell thats why you should be wise on making out these actions for you to benefit out.
There is a cogent reason why bitcoin prices move market up and down. I believe the idea of bitcoin is solid and people seeing it workable make lots of people to believe in bitcoin and consider the altcoin as copycat. However, altcoin has gone beyond copycat because of how much altcoin have grown and this also because of ideas that add value to bitcoin idea, like decentralized finance, metaverse etc!
Most of the coins also follow bitcoin whenever bitcoin is going to a height then the other coins also follow it and go to height. But sometimes this happen that when the bitcoin rises then other coins won't effect that much, and it was in his original position. So, it would be better for the traders to judge the coin behavior.
I don't think we will see this in the near future. Although the crypto market is unpredictable, you still need to have certain predictions.
Sell weak hands as always. In particular, newcomers who came to the market at the peak of growth and are now watching how their deposit is melting before our eyes.
Such people very often do not withstand such pressure and sell their coins during the downtrend.
Such people very often do not withstand such pressure and sell their coins during the downtrend.
Yes I agree, people who are selling are those weaks especially newbies that panic during the downfall of the market. People who are selling are those risk taker and those people who just depend on cryptocurrencies to sustain their daily needs. Instead of holding, they will sell it even in a small amount because they are not sure if those crypto coins will rise again. But I suggest they must hold it and trust those coins they are holding because maybe they will earn huge profit in the future.
I want to ask the following question:
if all people don't sell bitcoins, how will the price go up?
if all people decide to do hodl, how would it be possible for us to use bitcoin as a means of payment?
it seems many people forget that it is necessary to sell and buy for the market to be a market. we have to start thinking about using bitcoin as currency and forget about hodl
While true we cannot force people to act against their self-interests, if people think that it is best for them to keep holding their coins instead of spending them on anything else then that is their right and they can keep holding their coins, I think we could begin to see more of this once we got more people to adopt bitcoin and also when bitcoin reaches something closer to its true value, which is way above the current prices we are seeing right now. if all people don't sell bitcoins, how will the price go up?
if all people decide to do hodl, how would it be possible for us to use bitcoin as a means of payment?
it seems many people forget that it is necessary to sell and buy for the market to be a market. we have to start thinking about using bitcoin as currency and forget about hodl
As for me, people who are selling are those who are just taking advantage of the market. They sell when the prices are high and buy again after they dumped. That's the normal strategy of a huge number of traders. Instead of holding for a long time, they prefer gaining profit in just a short time by buying and selling. Newbies would sell especially when they feel fear and that's a normal action of beginners.
I want to ask the following question:
if all people don't sell bitcoins, how will the price go up?
if all people decide to do hodl, how would it be possible for us to use bitcoin as a means of payment?
it seems many people forget that it is necessary to sell and buy for the market to be a market. we have to start thinking about using bitcoin as currency and forget about hodl
if all people don't sell bitcoins, how will the price go up?
if all people decide to do hodl, how would it be possible for us to use bitcoin as a means of payment?
it seems many people forget that it is necessary to sell and buy for the market to be a market. we have to start thinking about using bitcoin as currency and forget about hodl
Sell weak hands as always. In particular, newcomers who came to the market at the peak of growth and are now watching how their deposit is melting before our eyes.
Such people very often do not withstand such pressure and sell their coins during the downtrend.
And the worst part is that a great deal of those newbies could have avoided that fate if they were willing to wait long enough, after all when the price stopped moving up it was clear that something was about to happen, the price could have gone up or down but that was the moment to wait and let the market decide which direction it will go, but they were greedy and bought at the worst possible time and now they are suffering the consequences of such a mistake.Such people very often do not withstand such pressure and sell their coins during the downtrend.
If they had come during the hype and buy, this kind of investors has no doubt that they are already selling.
Sell weak hands as always. In particular, newcomers who came to the market at the peak of growth and are now watching how their deposit is melting before our eyes.
Such people very often do not withstand such pressure and sell their coins during the downtrend.
Such people very often do not withstand such pressure and sell their coins during the downtrend.
Yes I agree, people who are selling are those weaks especially newbies that panic during the downfall of the market. People who are selling are those risk taker and those people who just depend on cryptocurrencies to sustain their daily needs. Instead of holding, they will sell it even in a small amount because they are not sure if those crypto coins will rise again. But I suggest they must hold it and trust those coins they are holding because maybe they will earn huge profit in the future.
Imagine that, if we all are going on the same path like we all are holding together when it declines and sell together when it pumps, you can never see the market is good and profitable. We can't change the nature of the market and that supposed to have someone is selling and someone is also buying.
Sell weak hands as always. In particular, newcomers who came to the market at the peak of growth and are now watching how their deposit is melting before our eyes.
Such people very often do not withstand such pressure and sell their coins during the downtrend.
And the worst part is that a great deal of those newbies could have avoided that fate if they were willing to wait long enough, after all when the price stopped moving up it was clear that something was about to happen, the price could have gone up or down but that was the moment to wait and let the market decide which direction it will go, but they were greedy and bought at the worst possible time and now they are suffering the consequences of such a mistake. Such people very often do not withstand such pressure and sell their coins during the downtrend.
Sell weak hands as always. In particular, newcomers who came to the market at the peak of growth and are now watching how their deposit is melting before our eyes.
Such people very often do not withstand such pressure and sell their coins during the downtrend.
Such people very often do not withstand such pressure and sell their coins during the downtrend.
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Or just newbies thinking that cryptos are purely money maker for them.What happens after that kind of mindset? They will turn their home into cryptocurrency hoping that they'll be able to upgrade to a mansion after that, then when predictions goes against theirs.
What is their common plan B? Loaning. There where they start digging themselves into a deeper hole.
Or just newbies thinking that cryptos are purely money maker for them.
That might be another reason indeed. A lot of newbies or new traders jump into the crypto market expecting to double their capital within a few days after they see all the hype created on Twitter and other social media. When faced with reality, they fold rather quickly and are the ones who panic the earliest. There are plenty of amateur traders in the crypto market right now.What happens after that kind of mindset? They will turn their home into cryptocurrency hoping that they'll be able to upgrade to a mansion after that, then when predictions goes against theirs.
Haha, exactly the kind of thought I had. I have seen people even taking loans to invest in cryptocurrencies which may have worked out if the loan was taken with prior planning but these guys just gamble with their money and consider themselves to be traders.What is their common plan B? Loaning. There where they start digging themselves into a deeper hole.
And at the end, they will blame bitcoin for their loss and start talking thrash at their social media handles. Everyone who needs money or wants to buy something does sell. Another group are investors who think they are losing their money. I don't include traders at all, they want to keep buying and selling. So people who do not believe in bitcoin are usually very shaky out again.
^ I don't even know what is the reason either and based on the marketcap price, BTC was in the range of $33 plus this week or this month, I don't see any improvement right and it seems there is someone controlling the price. I don't see there was selling, but I believed there is a manipulation of the price which makes the price was struggling in that range. There are too many factors that we must be considered and I don't think selling was the main reason behind the price. Look at now, once again the influencer on Twitter trying to pump the price through his tweet. 
Everyone who needs money or wants to buy something does sell. Another group are investors who think they are losing their money. I don't include traders at all, they want to keep buying and selling. So people who do not believe in bitcoin are usually very shaky out again.
Like I get the markets move but is this big wallets, ancient wallets? Who is actually selling? Normie noobs who just got in the market and are spooked by comments?
I dream of the day when alt coins are not tied to the price of bitcoin. Uhg...
I dream of the day when alt coins are not tied to the price of bitcoin. Uhg...
I don't exactly what you are trying to emphasize here. Just all I know that most of the altcoins are dependent into Bitcoin,
base on my own understand when it goes up, the altcoins will follows whether it is pump or not, So you didn't specify if this wallet you
are talking about is in the exchange or cold wallets?
If BTC is ultimately going to control all the movement we see in the crypto market then why shall one even invest in them. I could understand years back why bitcoin dominated the market and movement of all cryptos but now given we have so many coins and such a humongous market with various cryptos at the top, I don't think altcoins should be dominated by bitcoin and its price, but they still are and that's a fact.
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Or just newbies thinking that cryptos are purely money maker for them.What happens after that kind of mindset? They will turn their home into cryptocurrency hoping that they'll be able to upgrade to a mansion after that, then when predictions goes against theirs.
What is their common plan B? Loaning. There where they start digging themselves into a deeper hole.
You would soon realize that making money isnt really easy on this field so better be aware on how this works and you would make yourself do able to avoid into those common problems.
Asking out on whose selling then this do basically talks about sellers and buyers so you could precisely say that they are the ones who do make out those kind of activity which is a basic thing.
What matter most here is that you do know on how to ride with those price movements and make yourself profitable.
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