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Topic: Who is selling? - page 9. (Read 1277 times)

legendary
Activity: 2562
Merit: 1854
🙏🏼Padayon...🙏
June 08, 2021, 09:47:09 PM
#5
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 haven't heard of an ancient wallet suddenly waking up recently and began moving huge amounts of Bitcoin. So this is less likely the reason why the price has been in the red. Normally, the normie noobs are selling more than the old diamond hand veterans. So I guess this is more of them doing their normal selling-low routine. This is probably in reaction to certain FUD being passed around. We've heard of the FBI recovering huge ransom funds from hackers. They're imagining all kinds of scenarios from that one.

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

And that's probably the day 99.9% of them die.
legendary
Activity: 3206
Merit: 2904
Block halving is coming.
June 08, 2021, 08:00:06 PM
#4
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.
copper member
Activity: 1960
Merit: 1638
Top Crypto Casino
June 08, 2021, 07:59:03 PM
#3
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...
sr. member
Activity: 1190
Merit: 256
June 08, 2021, 07:50:34 PM
#2
Altcoins are paired with Bitcoin on crypto exchanges so it would be hard to make those desire changes because when bitcoin dumps in $ values, the sats prices in $ of these coins drop as well in addition to a general market price drop. Exchanges would have to make certain changes changes from the ground up to remove that effect. Otherwise, it's just going to be there.
People selling now are most likely normies that got in recently that are easily swayed away by news like china fud or elon musk negative comments and tweets and btc.
member
Activity: 171
Merit: 20
June 08, 2021, 07:36:53 PM
#1
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...
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