Topic: Who the hell is selling right now? (Read 3365 times)

Selling Bitcoin in 2014 was a great trade but I think that now is time to buy.


Miners need to sell to pay their bills and buy new equipment. Probably a lot of people that bought a year ago have been selling because they don't believe in Bitcoin much anymore, they may come back when the price goes back to 800$.
Some early adopters are selling to get some fiat for other investments.

This thread should be a poll.

i guess miners? they cant pay their bills in btc

KnC has tens of thousands of coins. If they are expecting the price to go down it's not strange that they dump a few k's.

What is sure is that this is a great buying opportunity.

you holding any coin now or fiat on exchange?

I agree.. why do people buy Bitcoin if they dont trust Bitcoin. I have confident that Bitcoin price will rise sooner or later.

If this is manipulation, which I'm not convinced it is, it is present in all markets. I don't know why people are so incensed by this.

My guess is some early adopters are feeling jittery that BTC may fail and are liquidating their positions, these people can afford to sell for this price only because they got on the train when BTC was worth squat. Even if they got on late, say at $200, remember that they are still selling at a profit. Soon we should see these stocks dry up and a refusal to sell at such low prices, which should drive demand and the price should go back up. The actual reason for the fall still seems to be a mystery, it looks like there is a cartel similar to the diamond cartel that is deliberately pushing the price down to pick up BTC at low prices so that they can make a killing when they pump the coin the next time. These cartels are killing Satoshi's dreams of de-centralization. 

short term price is not very interesting, 90%of coins might be held long term but the trading of 10% coins might be jumping in and out of shaky hands

don't fret the short term

Are you sure there are really PAID trolls? Butthurt can turn normals into skeptics very quickly you know

Smart money is selling, and has been selling for quite a while. Suckers in denial are buying.

Some state owned companies are using bitcoin mining farms to convert their state provided electricity into fiat then into their private pocket

So...accumulate fiat, sway newbies to not buy Bitcoins so that one day Bitcoin will be worth a lot.

And I create one thread getting rid of such silliness and everyone goes nuts. Perhaps their employers require them to post once in every thread.

Agenda noted. At least you're not a paid troll.

That is more in line with what trolling is.i.e. You're guessing.
Way to go, Sherlock.

dude, it's just not worth this much

As I've been told, China is selling.

http://bitcoinity.org/markets/list

There is a strong possibility of an uptrend that would bring us back to 320$ or higher.

In other words, a troll is someone you disagree with?

My post which was deleted:

I love how anyone selling bitcoin is considered a "weak hand".

Maybe sellers are just smart enough to know not to hold something that has been consistently losing value for over a year?

If we have a rally, there's plenty of time to jump on board. Why expose yourself to risk when you can just sit back, short, and accumulate fiat?

_________________

In what way does that constitute trolling? I'm sure if I swapped out "sell" for "buy" you would have thought highly of it.

I think enough of decentralized currency to try to maximize my wealth . Those of us who did not buy thousands of bitcoins for pennies on the dollar back in the day cannot afford to sit on $1,000 bitcoins as they continue to lose value. Since you joined this forum in 2010, I assume you accumulated most of your bitcoins at a price far below today's current value. That is not the case for the majority of forum members, who were sucked into the hype of potential multithousand dollar coins last winter.

If a single bitcoin will one day be the equivalent of one million US dollars, it wouldn't change my current trading view. I'd accumulate as much "worthless" fiat as possible, so that I can maximize my gains when bitcoin takes off to a million. Permahodling doesn't work all that well for newbies today - and newbies are the only people whose opinions are swayed by the Speculation forum, so they're really who we're catering to.

I'm buying on the way down since $296. In all honesty I didn't expect the exchange rate per coin to fall this low but not unhappy about it. I anticipate an uptrend starting around January 16-20.

People who bought before nov 13 sold before if they wanted to make a profit. They are big believers if they didn't sell before so not a lot of them are selling now.
Maybe an FBI auction winner is selling to buy more BTC at a lower price.