Topic: Who is selling Bitcoin? - page 21. (Read 2776 times)
There could be many reasons. Suppose some guy invested all he can in BTC at the rate of $6000/BTC and for some urgent reason he needs some money. Now, he sold some of it today at $7730. See, he still made $1730/BTC. So, he sold his BTC at a good profit and next time when he gets some extra bucks, he will buy again.
Everyone in here is desperate to convince each other the Bitcoin can only go up and therefore you have to buy and hold.
But when you buy Bitcoin, someone is selling it to you.
Why are people selling Bitcoin?
The knowledgeable people are the ones who are now slowly selling out before the bubble bursts. When you are now buying more and more Bitcoin ("investing" as people in here call it) who do you think you are buying them from?
You are buying from the knowledgeable people who are slowly getting rid of their Bitcoin.
But when you buy Bitcoin, someone is selling it to you.
Why are people selling Bitcoin?
The knowledgeable people are the ones who are now slowly selling out before the bubble bursts. When you are now buying more and more Bitcoin ("investing" as people in here call it) who do you think you are buying them from?
You are buying from the knowledgeable people who are slowly getting rid of their Bitcoin.
There maybe many reasons for selling the bitcoins,the right word we can say is for spending the bitcoins because direct payment of bitcoin is not available in many place if someone want to spend bitcoin he need to convert it into fiat then spend it as how he wants.But if that person holds more time more fiat he can convert.
Some people are selling their bitcoins due to the price falls they are afraid this maybe the end of bitcoins so they just want to convert into fiat.
Everyone in here is desperate to convince each other the Bitcoin can only go up and therefore you have to buy and hold.
But when you buy Bitcoin, someone is selling it to you.
Why are people selling Bitcoin?
The knowledgeable people are the ones who are now slowly selling out before the bubble bursts. When you are now buying more and more Bitcoin ("investing" as people in here call it) who do you think you are buying them from?
You are buying from the knowledgeable people who are slowly getting rid of their Bitcoin.
There are so many people who are selling bitcoin. Because even though no matter how bullish you are on bitcoin, some people are still going to need fiat; probably to pay for bills, to buy random stuff, to pay for some sort of emergency, because they are short on fiat, those stuff. Deal with it, bitcoin isn't used enough(especially in 3rd world countries) that you can live with bitcoin alone. We still currently need fiat to pay most stuff. They are really earning so much in selling bitcoin. But when you buy Bitcoin, someone is selling it to you.
Why are people selling Bitcoin?
The knowledgeable people are the ones who are now slowly selling out before the bubble bursts. When you are now buying more and more Bitcoin ("investing" as people in here call it) who do you think you are buying them from?
You are buying from the knowledgeable people who are slowly getting rid of their Bitcoin.
people sell BTC for various reasons: they are traders so sell high and buy low, people who need cash in real life for different things and, yes they exist, people who are going out of crypto world thinking they have gained enough to stop following this project.
I have read many time BTC is just a bubble and soon will explode and end.. well, let them think like this, it's a good stuff for us
I have read many time BTC is just a bubble and soon will explode and end.. well, let them think like this, it's a good stuff for us
There are always impatient people or investors in urgend need of money who sell their assets like stocks or Bitcoins. Even at the price of a loss. There can be many reasons for that (lost job, need money for health care, etc.).
Also, some traders trade short term. They sell and buy several times a day or a week. Others hodl for some time and when the price reaches their expectation, they sell and make a nice profit. And so there are always sellers.
Also, some traders trade short term. They sell and buy several times a day or a week. Others hodl for some time and when the price reaches their expectation, they sell and make a nice profit. And so there are always sellers.
I use bitcoins to participate in some ICO. I buy some other coins for bitcoin. Soon Christmas holidays. If I do not have enough money, then I will sell some of the crypto currency.
Although I know some mean people. Oh, you know, they will starve, but they will never cash their savings.
Although I know some mean people. Oh, you know, they will starve, but they will never cash their savings.
When you buy someone it is selling to you that is for sure as any market.
In your post you assume that BTC it is a bubble which I really disagree.
Why people sell? Because they want to book profits, that is all, same with people who sell silver when it is in top and buy in the dip again to sell it later again.
In your post you assume that BTC it is a bubble which I really disagree.
Why people sell? Because they want to book profits, that is all, same with people who sell silver when it is in top and buy in the dip again to sell it later again.
I think that your question is: Who is controlling the Bitcoin? And who will regulate the development of Blockchain?
Maybe, you are trying to discover the direction of the Blockchain Development and how the mother of this processes will survive in this JUNGLE!
Maybe, you are trying to discover the direction of the Blockchain Development and how the mother of this processes will survive in this JUNGLE!
Greed is controlling bitcoin now
I think that your question is: Who is controlling the Bitcoin? And who will regulate the development of Blockchain?
Maybe, you are trying to discover the direction of the Blockchain Development and how the mother of this processes will survive in this JUNGLE!
Maybe, you are trying to discover the direction of the Blockchain Development and how the mother of this processes will survive in this JUNGLE!
Everyone in here is desperate to convince each other the Bitcoin can only go up and therefore you have to buy and hold.
But when you buy Bitcoin, someone is selling it to you.
Why are people selling Bitcoin?
The knowledgeable people are the ones who are now slowly selling out before the bubble bursts. When you are now buying more and more Bitcoin ("investing" as people in here call it) who do you think you are buying them from?
You are buying from the knowledgeable people who are slowly getting rid of their Bitcoin.
But when you buy Bitcoin, someone is selling it to you.
Why are people selling Bitcoin?
The knowledgeable people are the ones who are now slowly selling out before the bubble bursts. When you are now buying more and more Bitcoin ("investing" as people in here call it) who do you think you are buying them from?
You are buying from the knowledgeable people who are slowly getting rid of their Bitcoin.
In the current scenario most of the people are using bitcoins as commodity /stocks in the market, since its less popular as a currency due to very high value and less facilities to utilise worldwide. Again the bitcoins mining is getting tougher day by day due the built in technology, so the generation of new bitcoins is lesser as compared to previous years.
So only those persons can sell it whoever have purchased it previously, for any reason.
So only those persons can sell it whoever have purchased it previously, for any reason.
people could sell btc for a lot a reason that could be also truly different between. like you can sell btc because you need money, or you think price could grow anymore. the only reason people choice to sell is related the high value of the last days, you know when btc hit the top, it's pretty normal the price trends to downgrade a little bit.
It could be any person with any reason, and you just actually assumed that everyone is desperate, that is where your arguments becomes flawed. Seems like almost everything to you is a bubble.
I think he does not understand a Bitcoin trade, so from that he gives an argument that makes people think little about it, for him the bubble is a great advantage to get everything. Everyone in here is desperate to convince each other the Bitcoin can only go up and therefore you have to buy and hold.
But when you buy Bitcoin, someone is selling it to you.
Why are people selling Bitcoin?
The knowledgeable people are the ones who are now slowly selling out before the bubble bursts. When you are now buying more and more Bitcoin ("investing" as people in here call it) who do you think you are buying them from?
You are buying from the knowledgeable people who are slowly getting rid of their Bitcoin.
But when you buy Bitcoin, someone is selling it to you.
Why are people selling Bitcoin?
The knowledgeable people are the ones who are now slowly selling out before the bubble bursts. When you are now buying more and more Bitcoin ("investing" as people in here call it) who do you think you are buying them from?
You are buying from the knowledgeable people who are slowly getting rid of their Bitcoin.
There are many reasons but basically price of BTC is up and down. People will sell high and buy again when the price decrease. Some others want to cash out to avoid risk.
It is a common practice in trading that if no one is selling their asset on the current offered price the buyers have no choice but to increase their offer until a seller has match the price that is offered, the same thing can happen to when the price is decreasing now the power will now be in the hands of the buyers as they are the once who are determining the price they want to buy your offload shares. Not everyone has the same mindset and some are selling now because maybe the price of Bitcoin at 7000$ is their target price.
Everyone in here is desperate to convince each other the Bitcoin can only go up and therefore you have to buy and hold.
But when you buy Bitcoin, someone is selling it to you.
Why are people selling Bitcoin?
The knowledgeable people are the ones who are now slowly selling out before the bubble bursts. When you are now buying more and more Bitcoin ("investing" as people in here call it) who do you think you are buying them from?
You are buying from the knowledgeable people who are slowly getting rid of their Bitcoin.
But when you buy Bitcoin, someone is selling it to you.
Why are people selling Bitcoin?
The knowledgeable people are the ones who are now slowly selling out before the bubble bursts. When you are now buying more and more Bitcoin ("investing" as people in here call it) who do you think you are buying them from?
You are buying from the knowledgeable people who are slowly getting rid of their Bitcoin.
bitcoin is equal to gold. the total supply is already the same as the gold, the gold in the world, so it causes the high price, the more buy the higher the bitcoin price, the people sell the bitcoin for profit, after which they will buy below their price sell then sell again, and so on, the same as people sell gold in the real world but this is in the world of cryptocurency
People sell bitcoin to use it from offline transactions since some stores haven't develop online marketing. Some are selling for trading, making a profit out of buying some stocks and sell it for a purpose of getting more money.
[...]
Why are people selling Bitcoin?
[...]
Why are people selling Bitcoin?
[...]
To buy more bitcoins whenever a correction happens and newcomers drop theirs
In all seriousness though: I guess diversification and risk management. Even if you are bullish about the long term prospects of Bitcoin it would be foolish to stay within one asset class and keep all your eggs in one basket. At least that's how I would think.
Supply and demand is not the relevant question. The relevant part is WHO is buying and selling. And when you see the amateur-investors, which this forum is filled with, taking the buy side in a naive vision that Bitcoin can only go up - and the clever larger investors slowly selling their Bitcoin - you know the party is about to end.
For the most part the sentiment still looks relatively sane with little euphoria though -- I guess people have gotten mostly used to the current price levels? -- question being how strong the panic sets in once the next correction comes. You probably could correlate how low it will go with the amount of panic posts in the speculation boards.
It could be any person with any reason, and you just actually assumed that everyone is desperate, that is where your arguments becomes flawed. Seems like almost everything to you is a bubble.
You can say the same thing about any stock, share, gold, silver, precious metals, gemstones, etc, etc. If someone is buying, someone is selling. Is everything a bubble? Obviously not.
If you for example see shares in a company going up in value when the large investors and owners are selling out to small ignorant new investors, then yes that is a clear sign of a bubble
Everyone in here is desperate to convince each other the Bitcoin can only go up and therefore you have to buy and hold.
But when you buy Bitcoin, someone is selling it to you.
Why are people selling Bitcoin?
The knowledgeable people are the ones who are now slowly selling out before the bubble bursts. When you are now buying more and more Bitcoin ("investing" as people in here call it) who do you think you are buying them from?
You are buying from the knowledgeable people who are slowly getting rid of their Bitcoin.
But when you buy Bitcoin, someone is selling it to you.
Why are people selling Bitcoin?
The knowledgeable people are the ones who are now slowly selling out before the bubble bursts. When you are now buying more and more Bitcoin ("investing" as people in here call it) who do you think you are buying them from?
You are buying from the knowledgeable people who are slowly getting rid of their Bitcoin.
You can say the same thing about any stock, share, gold, silver, precious metals, gemstones, etc, etc. If someone is buying, someone is selling. Is everything a bubble? Obviously not.
Jump to: