Topic: Why do you people sell at these price? - page 3. (Read 4536 times)

Maybe because people are fickle and stupid? I can't understand why most people sell at all right now. If people held their coins for a little while I'm sure they'll double in value again eventually.


They won't be able to see a return on investment if the price keeps going down. Electricity bills arent going to get any cheaper.

It's painful selling at this low price but I have to sell most of the btc I earn as I'm currently unemployed. If I had a job with no debts I wouldn't sell a single satoshi

I  sold(spent) $5 today for a gig on fiverr..sorry guys

no sorry, you got me wrong. Bitpay etc are for sure selling ON exchanges and this is why are causing selling pressure there.

and "big" was intentionally in """". And yes for average Joe 500 BTC simply is a big buy, but this is not ON the exchanges.

I'm seriously puzzled by this way of thinking. Not trying to be a dick here, but how can you (with a straight face) say "don't you *like* money? why would you sell now?"... The answer is in the charts: Downtrend for more than half a year now. Getting pretty close to one full year in fact. Latest attempt to break that cycle (the June rally) completely and utterly failed. Making new local lows in fact, and getting damn close to the previous capitulation bottom.

So, that doesn't mean it's the recommended or "rational" thing to do, to sell now. If you believe there's going to be another price surge, sit tight, and don't sell. But it certainly doesn't appear to me that it's irrational either to sell now - if you think Bitcoin is going nowhere but down, or even if you just think we're going to see another 6 months of bear market, it makes perfect sense to sell.

Yeah it isn't the little guy driving this decline.

This guy.

He gets it.

big buyers?  10-100 BTC ?

1000-10000 is big buy  , where are those bitcoins from  if not from miners ?    ("huge mining farms cause selling pressure."    you mean on exchanges )

bitpay, coinbase ?  and if so,  why there is none of average joe who works for them make a story about it, that bitpay sells thousands of bitcoins to big buyers "offilne" .

Earlier i also said that  otc buying and exchange selling can cause price falling but there is no evidence , and nobody wants to give evidence,
so nobody wants that the price  rise again

lol wut

most "big" buyers I know are currently buying outside of the exchanges while all merchants and the huge mining farms cause selling pressure.

No one wants to sell, just some Future Exchanges doing a frenzied short!
Some Chinese Exchanges has launched 50:1 even 100:1 leverage!!

I am hodling until 370 , if bitcointalk did not exists then i would have at least 2 times more btc than now,thx for it  
Nobody knows why the price keep falling, and nobody wants to investigate it deeply,
I am sure that the price will fall more perhaps until 300, and i hope it want it too,
at levels above 500 i dont want it to drop lower, but now i dont care
so i am the next weak hand (i bought my first coin at $4, last about : $15)   in your context,
so it is time for me to dumping 500-1000 btc at about 370$ and buy back lower, it is time to accumulate more coins
i dont care if i will lost 5%-15% (buying back higher, if i am not here at the jump) ,
but i wont sit on my ass and watch btc going lower and lower
how many times i say to myself it wont go lower, it cant go lower

(i promised my sister i will pay back her mortgage , this was last winter , so it is very frustrating )

and the price is really matters ,  
when millions of average joe  look at the price and see it is lower $500, earlier they heard in the news (from their freinds , etc. ) that it was above $1000
so their final conslusion will be it is a scam, it is crashed,  wont look back bitcoin until it will reach again $1000 (on the news)

you cant convince avarage joe to use/buy bitcoin now
you cant convince me at this stage to buy more bitcoins  despite i am here at least 1,5 years , cos i do not see it could go back above $600 (in this year)

if bitcoin is so fantastic then i think there should be at least 1000-5000 billionaires to buy only 1000 bitcoins.   (1.000.000-5.000.000 btc)
(only about 10.000 people can own 1000 BTC, and how many billionaires on earth right now? 1000 btc at $400-1000 is nothing to them,
but the potential it will be worth 10-100 more is much higher then it will be 0, so where are these billionaires?   eft ?  why wait until them?  to buy higher if its starts? )

No, that is silly. There are at least 100k bitcoins changing hands daily. Even if all miners sold at these prices (which they don't) it will be just a drop in the overall volume. The amount of people who sell at the yearly lows and take fiat to never buy bitcoin again is tiny. Most sellers now wait to rebuy lower; at the first signs of confirmed reversal they will all jump in.

The main reason for the price drop is not the miner dump, but not enough capital flow into Bitcoin to absorb the 3600 BTC created daily. The miners have to pay their bill in fiat, so they have to sell.

If this is the case then you should expect it to continue. As the miners have to pay their electric bills (they took a big risk up front - to buy their machines - in exchange for taking smaller risks in the future - to be able to essentially arbitrage bitcoin by buying it via the electric company and selling it at the spot price when bitcoin is found).

I think it is also partly due to the fact that QE is seen to be winding down soon so we will likely see less liquidity and less risk taking throughout all assets

The smallest price actions can trigger massive panic sells or buys. It's quite entertaining to watch. I am picking up the most that I can at these prices TBH since I always think long-term.

people don't buy or sell.  they spend it on weed. ya idiot

Mob mentality. It takes one whale to dump, then the rest sell based on emotions, or it triggers bots to sell off to cut losses. It's a snowball effect.

Dropped 25 USD today & continuing to drop as I've been online the last few hours

i suspect the dumpers are large miners. The irony is that they're killing themselves. Every small dump they made will push weakhands to panic selling mode thus push the price futher down. So miners are taking a bigger hit until they close shop.

Bitcoin needs future and option contracts badly to keep mining alive. I'm hoping someone working on this.