Who is selling? - page 8. | Bitcointalksearch.org

sapnu

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Quote from: yat97 on June 08, 2021, 06:36:53 PM

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...

Ever since altcoins made its way, it has always been paired to bitcoin. Still, the day will surely come when it will not be dependent on bitcoin anymore but that would be hard to imagine right now considering the correlation between the two. Those who are selling are not just the newbies or noobs that are affected by the FUD's in the comments but also those who went through very hard times during the bear market of 2018's bull run. We cannot actually blame them since maybe it caused them trauma. Nevertheless, if you would take a look at the bigger picture, holding will be much better since the only way bitcoin going to is upward.

maisao1991

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TheStandard

The continuous FUD to the cryptocurrency during this period caused the BTC price to continuously plummet. Those with experience will get through this phase safely, and those inexperienced will sell everything to avoid losing a lot of money.

BuNga_cute

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Quote from: Kunotcoin on June 09, 2021, 06:55:11 AM

Quote from: yat97 on June 08, 2021, 06:36:53 PM

I dream of the day when alt coins are not tied to the price of bitcoin. Uhg...

I think that's not going to happen because the market is influenced by Bitcoin dominance and most cryptocurrencies were using Bitcoin as a based pair that's why if Bitcoin price went bearish there is also a significant impact on other cryptocurrency prices as well especially those in the top rank. on the other question regarding who is selling at this moment probably the noobs because they are in the panicked mood because of the price fall recently and the whales are always there to grab it.

Most people who trade altcoins usually use Bitcoin pairing, this is what makes the price of altcoins always affected by the price of Bitcoin.
Usually if the market goes down like now I also choose to convert my altcoins into Bitcoin, or convert some of them to fiat. The reason
I convert to Bitcoin is because the price of Bitcoin recovers faster than altcoins, then the reason I convert to fiat, so as not to be affected
by the volatile crypto market. I agree with you, usually the first person to sell crypto, when the market dump is a newbie, who must be
very panicked to see the price continue to fall. This is why it's important for newbies to learn everything about crypto, so they can be calmer
when facing a market dump like now.

bryant.coleman

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Quote from: chrisculanag on June 09, 2021, 06:43:04 AM

I already sell my assets cause mostly altcoins still paired in bitcoin thats why if bitcoin still dropping also altcoins is dropping too. Im afraid losing more thats why i sell it and gain a small profit then waiting for the time to buyback and hold it then sell if i think theres a profit. We have different strategies about selling but they are same that want is to profit.

So what you did? Did you converted your alts to Bitcoin, or did you dumped them for fiat? A very important lesson that I have learnt over the past 9 years is not to sell the coins at dips. It looks as if the exchange rates have bottomed out, at least as far as Bitcoin is concerned. Many of the alts are still looking overpriced though. You should have taken advantage of this situation and converted most of your alts to BTC. It could have reduced your risk profile. The chances that BTC will go much lower than the current level is very slim.

Kunotcoin

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Quote from: yat97 on June 08, 2021, 06:36:53 PM

I dream of the day when alt coins are not tied to the price of bitcoin. Uhg...

I think that's not going to happen because the market is influenced by Bitcoin dominance and most cryptocurrencies were using Bitcoin as a based pair that's why if Bitcoin price went bearish there is also a significant impact on other cryptocurrency prices as well especially those in the top rank. on the other question regarding who is selling at this moment probably the noobs because they are in the panicked mood because of the price fall recently and the whales are always there to grab it.

chrisculanag

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I already sell my assets cause mostly altcoins still paired in bitcoin thats why if bitcoin still dropping also altcoins is dropping too. Im afraid losing more thats why i sell it and gain a small profit then waiting for the time to buyback and hold it then sell if i think theres a profit. We have different strategies about selling but they are same that want is to profit.

Chato1977

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Quote from: yat97 on June 08, 2021, 06:36:53 PM

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...

Then you should wait a long because altcoin will always be tied in Bitcoin price as the majority of investors are relying on this coin and that will move the coins price increase.

Quote from: Obito on June 09, 2021, 03:22:49 AM

I haven't sold anything yet, I will stick to my plan and I will have to hodl until the end of the year if possible because I have to make sure that I will have to accumulate more bitcoin while the prices are still low. I know that the prices are going to go up really high and I am pretty sure that we will probably see it this year or the next and I don't want to arrive at that point empty handed.

well be aware that it may not happen as we expected.

blackened515

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Quote from: buwaytress on June 09, 2021, 12:29:52 AM

I just sold yesterday, forced to. I hate paying bills close closer to due date in case Bitcoin slides some more than I end up paying even more next week. Am I a weak hand bad guy? =(

Quote from: logfiles on June 08, 2021, 06:59:03 PM

Quote from: yat97 on June 08, 2021, 06:36:53 PM

I dream of the day when alt coins are not tied to the price of bitcoin. Uhg...

I dream of a day when Bitcoin listing on crypto exchanges will have to be paid for like it is a case with all those other shitcoins. Ugh...

I dream of a day when shit I mean altcoin whitepapers are also only 9 pages and don't use the word "revolutionary".

Also of the day exchanges freeze selling during dumps so we can control prices better.

And so, same I feel, it's disappointing when value drops steadily while at the same time bills have to be paid, it's really annoying, sold too because it getting worse all the time and I hope this gonna stop, selling it out doesn't mean you are really a weak hand, things have to be done on the physical side.

btc_angela

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Obviously it's day traders, if newbies or weak hands have sold when the price goes down below $50k, then maybe those who are shorting bitcoin is the culprit here, you can't stop them as this is one way for them to make money out of this bear market.

I doubt that whales are going to sell even if we have seen -50%, they have seen the worst and probably this is just another big test for them, mentally. Probably the question is how retails are going to reach seeing the price going to $32k, will they take this as a opportunity accumulate bitcoin again?

ethereumhunter

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Quote from: yat97 on June 08, 2021, 06:36:53 PM

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 am selling bitcoin but I am also buying bitcoin if that is what you mean. Besides me, other people selling their bitcoin because of many reasons. Some of them sell bitcoin because they need money, others because of panic, while others do that because they trade bitcoin pair usdt. The altcoin is not tied to bitcoin's price, but the altcoin follows bitcoin move, so whenever bitcoin price moves, the altcoin will follow.

Obito

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I haven't sold anything yet, I will stick to my plan and I will have to hodl until the end of the year if possible because I have to make sure that I will have to accumulate more bitcoin while the prices are still low. I know that the prices are going to go up really high and I am pretty sure that we will probably see it this year or the next and I don't want to arrive at that point empty handed.

Questat

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Quote from: ?? on ??

Quote from: yat97 on June 08, 2021, 06:36:53 PM

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...

Yes many of us waiting for that day when altcoins get fully independent of bitcoin because there are some potential altcoins who have their own fundamentals that does not depend on bitcoin...but this is the reality today that bitcoin takes other coins up and down along with it.

But unfortunately, they can't. They can stand their own but most of the altcoins are still depending on Bitcoin.

Well, it is noobs know that and that is why they are selling their crypto as the market shows some correction. But maybe we are thankful that not all are noobs, not all are weak hands, otherwise, the market just collapses already.

Lorence.xD

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Quote from: buwaytress on June 09, 2021, 12:29:52 AM

I just sold yesterday, forced to. I hate paying bills close closer to due date in case Bitcoin slides some more than I end up paying even more next week. Am I a weak hand bad guy? =(

Not necessarilly weak hands because you are trying to cut losses and you only rely on bitcoin to do your responsibility in your house. Weak hands in my opinion are those that doesn't have any reason to sell besides the panic that is only for short-term.

buwaytress

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I just sold yesterday, forced to. I hate paying bills close closer to due date in case Bitcoin slides some more than I end up paying even more next week. Am I a weak hand bad guy? =(

Quote from: logfiles on June 08, 2021, 06:59:03 PM

Quote from: yat97 on June 08, 2021, 06:36:53 PM

I dream of the day when alt coins are not tied to the price of bitcoin. Uhg...

I dream of a day when Bitcoin listing on crypto exchanges will have to be paid for like it is a case with all those other shitcoins. Ugh...

I dream of a day when shit I mean altcoin whitepapers are also only 9 pages and don't use the word "revolutionary".

Also of the day exchanges freeze selling during dumps so we can control prices better.

brainactive

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The interesting thing about the recent correction is that it's the newbie normies that are buying the "dip", not the whales. Number of new entities continues to rise vertically during the dip while supply held by whales is dropping.

While it's tempting to think that the normies are finally "outsmarting" the smart money, this is usually not how markets work. So we have to ask ourselves are the newbie normies frontlining the whales or are the newbie normies being caught two steps behind by thinking they're buying the "dip"?

davis196

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Quote from: yat97 on June 08, 2021, 06:36:53 PM

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...

The crypto traders,who are selling altcoins usually get Bitcoin in return.The traders,who sell Bitcoin usually get stablecoins or fiat money in return.That's why Bitcoin and the altcoins are going down at the same time.
The market is "bleeding" and liquidity is getting out.When the FUD phase is gone,a new FOMO phase will eventually start and fresh money will enter the crypto market,pumping the prices of all cryptocurrencies again.

Dave1

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Quote from: yat97 on June 08, 2021, 06:36:53 PM

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...

Majority could be retail investors or simply those who can't take the heat out of the current market situations. They got nervous and just decided to quit and sell their stash. There could be whales as well, but for sure they have all the money to buy cheap bitcoins later or just waiting for the market to somewhat normalised after the DoJ or FBI statement regarding the colonial pipeline hackers. So far we have bounce already, a $1k++ increased in the last 24 hours and I'm seeing the price could go to $36k-$38k levels again.

TOM Bb

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In my opinion, the people who dumped bitcoins are those who are not determined. They are always sincere and fearful, afraid that they will suffer losses. Without a firm belief in Bitcoin, it is easy to follow the trend.

pooya87

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Quote from: yat97 on June 08, 2021, 06:36:53 PM

Normie noobs who just got in the market and are spooked by comments?

I can't say who but it definitely is not this group because the newbie weak hands were already removed from the market recently when the price dumped hard and they are still too scared to come back and start buying to have any more bitcoins to sell.
This is most probably the same whales and day traders trying to see if they can push the price down a little more to buy some cheaper coins or maybe some of them had some shorts they wanted to fill which has failed so far and they've been losing money.

so the real question is how much more money they are going to lose before they stop dumping?

UserU

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Quote from: BitMaxz on June 08, 2021, 07:00:06 PM

What exactly you supposed to mean?
Are you asking if the exchanges are big wallets or ancient wallets? Or are you talking about who selling coins if it was a newly listed coin?

If it was a newly listed coin those who sell are developers of that coin. Like on Binance developers of the token selling almost 50% of Shiba Inu on Binance and developers only pay the fee for listing.

I think he meant those wallets that stored large amounts of BTC since early 2010s.

Those owners must have found them in the basement, ancient PCs and salvaged the private keys.

Topic: Who is selling? - page 8. (Read 1352 times)