November woke up a lot of hibernating whales. People mined in 2009 / 2010, forgot and then when it was in the news late 2013 they came back into Bitcoin with 10,000+ BTC (some even as much as 100,000). Even with prices as low as they are - at $400 at 10,000 BTC is still worth $4 million.
Currently these people are dumping for $Fiat or just buying things off merchants accepting BTC, who then promptly dump the BTC. For BTC to go up they have to go through all these sellers and this could take up to two years.
Topic: Why do you people sell at these price? - page 4. (Read 4536 times)
because they need the money or simply because they think it is going to go lower
Some miners have to sell to pay their (electricity) bills.
Quote
I know it's a long game & I will hoard for years
like me ... but, if you need this money every month, it's not the good invest value.
deal drug, more profits ... in a month. 
I've got just over 10 BTC.
I'll be honest, I bought most of my coins at around 600 USD, I'm not happy right now, every day the price seems to go down lately.
I don't have any desperate need for the money now, I know it's a long game & I will hoard for years but it's looking pretty shit right now.
I'll be honest, I bought most of my coins at around 600 USD, I'm not happy right now, every day the price seems to go down lately.
I don't have any desperate need for the money now, I know it's a long game & I will hoard for years but it's looking pretty shit right now.
I would like get an insight into why people sell their BTC at these prices? In order for the price to go down, there needs to be somebody willing to sell. Since dumping at these prices is a REALLY, REALLY stupid thing to do, I would like to know who is so smart to sell at these prices and why? Are you people allergic to money or what?
Because They need money and probably for most of them is still profitable to sell right now , specially if at their countries they have a FIAT currency with a low price vs US dollar .
In order to profit from this sale, these people needed to buy BTC over a year ago when the price was below what it is now. So, these people ve been saving their BTC for over a year and sell now??? It does not add up. The other option is that they sell at a loss which brings them into the stupid weak handed group I ve mentioned.
I'm thinking about miners in East Europe , Africa , some parts of SouthAmerica , Asia ... not about people that bought BTC one year ago , for that people produce a BTC is cheaper than for people in USA or Eurozone where electricity costs and even hardware is more expensive
Because all people don't trust.
And it's good ... for the others that they want buy a few BTC.
Buy and order.
And it's good ... for the others that they want buy a few BTC.
Buy and order.
It is NOT good at all. We need people to support BTC economy. We cant build anything having so many people who got burned with their BTC investments. There are not going to come back to BTC again so easily. Just there has not been enough efforts to stop this decline.
Because all people don't trust.
And it's good ... for the others that they want buy a few BTC.
Buy and order.
And it's good ... for the others that they want buy a few BTC.
Buy and order.
I would like get an insight into why people sell their BTC at these prices? In order for the price to go down, there needs to be somebody willing to sell. Since dumping at these prices is a REALLY, REALLY stupid thing to do, I would like to know who is so smart to sell at these prices and why? Are you people allergic to money or what?
Because They need money and probably for most of them is still profitable to sell right now , specially if at their countries they have a FIAT currency with a low price vs US dollar .
In order to profit from this sale, these people needed to buy BTC over a year ago when the price was below what it is now. So, these people ve been saving their BTC for over a year and sell now??? It does not add up. The other option is that they sell at a loss which brings them into the stupid weak handed group I ve mentioned.
Or they bought at 1000 USD on margin expecting it to go to 10000 USD and now sell to time the bottom as best as possible. Otherwise known as "weak hands" who buy high and sell low.
I would like get an insight into why people sell their BTC at these prices? In order for the price to go down, there needs to be somebody willing to sell. Since dumping at these prices is a REALLY, REALLY stupid thing to do, I would like to know who is so smart to sell at these prices and why? Are you people allergic to money or what?
Because They need money and probably for most of them is still profitable to sell right now , specially if at their countries they have a FIAT currency with a low price vs US dollar .
I would like get an insight into why people sell their BTC at these prices? In order for the price to go down, there needs to be somebody willing to sell. Since dumping at these prices is a REALLY, REALLY stupid thing to do, I would like to know who is so smart to sell at these prices and why? Are you people allergic to money or what?
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