Bitcoin Forum

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...

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.

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...

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.

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.


And that's probably the day 99.9% of them die.

I think he meant those wallets that stored large amounts of BTC since early 2010s.

Those owners must have found them in the basement, ancient PCs and salvaged the private keys.

I can't say who but it definitely is not this group because the newbie weak hands were already removed from the market recently when the price dumped hard and they are still too scared to come back and start buying to have any more bitcoins to sell.
This is most probably the same whales and day traders trying to see if they can push the price down a little more to buy some cheaper coins or maybe some of them had some shorts they wanted to fill which has failed so far and they've been losing money.

so the real question is how much more money they are going to lose before they stop dumping?

In my opinion, the people who dumped bitcoins are those who are not determined. They are always sincere and fearful, afraid that they will suffer losses. Without a firm belief in Bitcoin, it is easy to follow the trend.

Majority could be retail investors or simply those who can't take the heat out of the current market situations. They got nervous and just decided to quit and sell their stash. There could be whales as well, but for sure they have all the money to buy cheap bitcoins later or just waiting for the market to somewhat normalised after the DoJ or FBI statement regarding the colonial pipeline hackers. So far we have bounce already, a $1k++ increased in the last 24 hours and I'm seeing the price could go to $36k-$38k levels again.

The crypto traders,who are selling altcoins usually get Bitcoin in return.The traders,who sell Bitcoin usually get stablecoins or fiat money in return.That's why Bitcoin and the altcoins are going down at the same time.
The market is "bleeding" and liquidity is getting out.When the FUD phase is gone,a new FOMO phase will eventually start and fresh money will enter the crypto market,pumping the prices of all cryptocurrencies again.

The interesting thing about the recent correction is that it's the newbie normies that are buying the "dip", not the whales. Number of new entities continues to rise vertically during the dip while supply held by whales is dropping.

While it's tempting to think that the normies are finally "outsmarting" the smart money, this is usually not how markets work. So we have to ask ourselves are the newbie normies frontlining the whales or are the newbie normies being caught two steps behind by thinking they're buying the "dip"?  

I just sold yesterday, forced to. I hate paying bills close closer to due date in case Bitcoin slides some more than I end up paying even more next week. Am I a weak hand bad guy? =(


I dream of a day when shit I mean altcoin whitepapers are also only 9 pages and don't use the word "revolutionary".

Also of the day exchanges freeze selling during dumps so we can control prices better.

Not necessarilly weak hands because you are trying to cut losses and you only rely on bitcoin to do your responsibility in your house. Weak hands in my opinion are those that doesn't have any reason to sell besides the panic that is only for short-term.

But unfortunately, they can't. They can stand their own but most of the altcoins are still depending on Bitcoin.

---

Well, it is noobs know that and that is why they are selling their crypto as the market shows some correction. But maybe we are thankful that not all are noobs, not all are weak hands, otherwise, the market just collapses already.

I haven't sold anything yet, I will stick to my plan and I will have to hodl until the end of the year if possible because I have to make sure that I will have to accumulate more bitcoin while the prices are still low. I know that the prices are going to go up really high and I am pretty sure that we will probably see it this year or the next and I don't want to arrive at that point empty handed.

I am selling bitcoin but I am also buying bitcoin if that is what you mean. Besides me, other people selling their bitcoin because of many reasons. Some of them sell bitcoin because they need money, others because of panic, while others do that because they trade bitcoin pair usdt. The altcoin is not tied to bitcoin's price, but the altcoin follows bitcoin move, so whenever bitcoin price moves, the altcoin will follow.

Obviously it's day traders, if newbies or weak hands have sold when the price goes down below $50k, then maybe those who are shorting bitcoin is the culprit here, you can't stop them as this is one way for them to make money out of this bear market.

I doubt that whales are going to sell even if we have seen -50%, they have seen the worst and probably this is just another big test for them, mentally. Probably the question is how retails are going to reach seeing the price going to $32k, will they take this as a opportunity accumulate bitcoin again?

And so, same I feel, it's disappointing when value drops steadily while at the same time bills have to be paid, it's really annoying, sold too because it getting worse all the time and I hope this gonna stop, selling it out doesn't mean you are really a weak hand, things have to be done on the physical side.

Then you should wait a long because altcoin will always be tied in Bitcoin price as the majority of investors are relying on this coin and that will move the coins price increase.

well be aware that it may not happen as we expected.

I already sell my assets cause mostly altcoins still paired in bitcoin thats why if bitcoin still dropping also altcoins is dropping too. Im afraid losing more thats why i sell it and gain a small profit then waiting for the time to buyback and hold it then sell if i think theres a profit. We have different strategies about selling but they are same that want is to profit.

I think that's not going to happen because the market is influenced by Bitcoin dominance and most cryptocurrencies were using Bitcoin as a based pair that's why if Bitcoin price went bearish there is also a significant impact on other cryptocurrency prices as well especially those in the top rank. on the other question regarding who is selling at this moment probably the noobs because they are in the panicked mood because of the price fall recently and the whales are always there to grab it.

So what you did? Did you converted your alts to Bitcoin, or did you dumped them for fiat? A very important lesson that I have learnt over the past 9 years is not to sell the coins at dips. It looks as if the exchange rates have bottomed out, at least as far as Bitcoin is concerned. Many of the alts are still looking overpriced though. You should have taken advantage of this situation and converted most of your alts to BTC. It could have reduced your risk profile. The chances that BTC will go much lower than the current level is very slim.

Most people who trade altcoins usually use Bitcoin pairing, this is what makes the price of altcoins always affected by the price of Bitcoin.
Usually if the market goes down like now I also choose to convert my altcoins into Bitcoin, or convert some of them to fiat. The reason
I convert to Bitcoin is because the price of Bitcoin recovers faster than altcoins, then the reason I convert to fiat, so as not to be affected
by the volatile crypto market. I agree with you, usually the first person to sell crypto, when the market dump is a newbie,  who must be
very panicked to see the price continue to fall. This is why it's important for newbies to learn everything about crypto, so they can be calmer
when facing a market dump like now.

The continuous FUD to the cryptocurrency during this period caused the BTC price to continuously plummet. Those with experience will get through this phase safely, and those inexperienced will sell everything to avoid losing a lot of money.

Ever since altcoins made its way, it has always been paired to bitcoin. Still, the day will surely come when it will not be dependent on bitcoin anymore but that would be hard to imagine right now considering the correlation between the two. Those who are selling are not just the newbies or noobs that are affected by the FUD's in the comments but also those who went through very hard times during the bear market of 2018's bull run. We cannot actually blame them since maybe it caused them trauma. Nevertheless, if you would take a look at the bigger picture, holding will be much better since the only way bitcoin going to is upward.

But the matter of fact is whom would the crypto exchanges pay to list bitcoin ?


Now that's the advantage of Decentralization. Those exchanges can list bitcoin without any approval from any authority.  ;D

This is because of some weak hands that remain silent during the hard fall of bitcoin and now for sure they are tired waiting for recovery since the panick selling ended in the market.. Unfortunately there's no a good news until now so probably they concede the situation wherein no potential to regain those lost and decided to quit instead before it getting worse.. Lol see what's happening right now it's totally not fine..

Not me, i think bitcoin price can move a lot because whales with their reasons and people who panic and then sell their assets. I said with their reasons because only they who know why they sell their coins, if because of panic, i not think whales will do that.

People that are new. People that hasn't experienced a crash before. And then there are people that were holding for years, but didn't sell during ATH and selling now because they are scared. In other words, panic selling because they think the price is going to drop more and won't recover. Its better that this is happening. The more this happens, the more the people will be aware of such situations. The less we will see this kind of panic selling in the future. Unfortunately, I doubt your dream will come true. Price of altcoins will always be tied to bitcoin.

independent from bitcoin you meant altcoins can run own way without influence of bitcoin?
what kind of those coins fundamental those can survive any effect of btc market?
i see altcoins market always will affect after btc up and down situation

 

Those  who are in needs of money so they need to sell their crypto to get some cash,
Those who already lost some money and wanted to cut loss or some who already had enough and wanted to quit on crypto.
Those who are easily manipulated by the FUD or those who some refer as weak hands.
We all sell crypto for a reason and for sure you are aware of it,
You don't expect everyone who invested on it that they would just hold it forever do you?
Because you're also an investor and you should know that you would also sell your investment when needed or you reach your goal.

Paid for by who or whom, I wonder as in the case of bitcoin.

Well, the market is designed to work in a certain way and this is very exemplary in the altcoin markets. Where coins or tokens can be farmed to provide liquidity. Bitcoj might have past that stage but then, there would always be a buy and sell option in the market no matter how much the market dumps or appreciates. People will always have reasons to sell and traders are always there to make the most of every situation.

No matter how worst it gets, should you not have an unavoidable reason to sell at a low or high, just don't. It won't be worth it on the long run. Sadly, the long run is for hodlers.

Might not really correlated from time to time but in most cases where Bitcoin price or market would be the main trend creator on when the times where bitcoin is bearish then its clear as day that majority of alts would really be doing the same except for some coins but eventually theyve been dragged on with the current trend and its inevitable on the time where everybody is already in doubts on a bearish market.

Asking out on whos selling? It doesnt matter if those are simply those noobs or whales out there because we do have our right to do so since its our money and it doesnt rely nor depend on how knowledgeable we are into this market or being popular because we do have the same target or goal
which is to secure out profits.

The shorts have been activated, does that mean they are being sold, for what or why? It is not known, there may be many weak hands selling, they may be Trump supporters, or perhaps it is the entrance of some whale to the market, and the best way to buy in BTC is to buy cheap. Millionaires always buy cheap, of course they currently exist. the exceptions, but generally speaking I think it's because of the huge FUD.

Also, the sales that have been made thanks to the leveraged shorts have been very well taken advantage of by those who buy in the fall, although it is a way to buy cheaper btc, those who sell honestly are not aware of the potential of BTC.


Here the Shorts, and they have not yet closed, this means that sales can continue to occur, although this enters the field of speculation, it is always good to support what has been said with the charts.
https://i.imgur.com/C0Muygm.png
tradingview.com

Wallets cannot be use to know who owns it so basically we can't just get the answer if who is selling.
and besides let them sell while we are buying right?
Some day this will happen , but if when? no one knows until the cap of bitcoin has been mined then the market will change its way and maybe altcoin will have their own actions also.

i guess it wasnt the fault of btc on why altcoins fell down because even the greatest and independent altcoins like eth do also fell down too but that could only be caused by a crypto bear market .
when theres a bear , all cryptos will go down .
for the question of who is selling , all newbies and long time hodlers do sell and both can contribute in the fall of the price .

This is very possible once that altcoin will surpass the market cap of Bitcoin. We all know why most altcoins are correlated with Bitcoin because Bitcoin itself is the king and the market cap of Bitcoin is the proof.
The Bitcoin dominance is still high for me, that's why, the more Bitcoin Dominance is increasing, the more altcoins are getting rekt.

Everyone who panics is selling.

Every day we get to see people selling from time to time so why ask who is selling at this point? because everyone who panics is selling and there's no need to be curious about it.

If alts won't be tied with bitcoin, then most of the alts will be left behind if they won't be attached to bitcoin anymore.

Well not all alt coins are tied to price of Bitcoin, obviously stablecoins are one but I wouldn't count them.
Who are selling, you ask? Either of the two.

They could be the weak holders. Not everyone is confident enough that the price of Bitcoin will obviously get back up soon. Just accept that these people exist.
Another one are those who are in need of money. You can't blame them.

Of course now is is it possible that any altcoin is able to surpass the market cap of bitcoin? obviously the bitcoin market cap is very high, if you look at the closest one, namely ethereum, we know the difference that occurs is 20 times.

every time ethereum increases obviously because bitcoin also increases, so that difference will be difficult to catch even though it is possible. because we know dicrypto nothing is impossible, but when it can happen. we know that ethereum is still having problems with high costs, so that problem must be solved first before thinking about being able to catch up with the market cap difference.

Agreed.. However, lately Alt coin has become independent, when the price of bitcoin correction they partly do not follow the correction,, I hope so.. The price of Alt coin hopefully doesn't see the bitcoin barometer, which if the price goes down the alt coin will fall sharply... very annoying like that.

With that reference, always all Alts  are born and with that relation until his death ... as a projects, I think they should appreciate it.

Who is selling? It is the supply and the demand, both are needed is pure economy, it works with any type of asset or thing that has value.

You need to plan everything right from the beginning. A lot of people are forced to sell, when they need cash to cover their expenses such as rent, utility bills or even medical expenses. This situation has occurred to me as well. Back in 2014-15 I was without a full time job, and had to sell some of my coins to survive. And unfortunately for me, BTC exchange rates were at rock bottom during that time. I sold my coins for $200-250, and two years later the the exchange rate had gone up to $20,000. I could have sold some of my other assets, but back then BTC was like 80% of my portfolio, so selling the coins looked like the most logical thing to do.

no need to ask about who is selling!, of course those who sell Bitcoin in large quantities are whales,
and whales are the cause of the Bitcoin dump, followed by traders all over the world because many people followed it in panic selling,
it's a pity, but this is the truth.

I think it is fair to say that the big investors (who initiated the dump) have long taken their profits, and only now buying in at bargain prices. The rest is up to the individual with a few hundreds or so worth of investing now thinking it is time to sell because they can't stand any more loss. It is these guys who panic sell, playing in the hands of the manipulators.

They are actually saying that this is an accumulation period now. The market isn't dipping below $30k because the institutions are maintaining the price at this high but not also low so that only the rich are able to buy.

Those who expect the price to still go down I guess are chasing still waiting for another dip so they could get in. Their USDT could still be in limbo.

This would take years of consistent research and development. I took look out for this date where altcoin will be total autonomous without any linkage to Bitcoin so we can attest to how well it would do over a period of time.

Who is selling? First those with weak hands and always panic when the market suddenly dump. Second are those who already gained profit and want to cash out their money and convert it into fiat money. Everyone are selling but depends on the situation and reasons why the sell. Supply and demands always present in the market, if there will be no seller definitely there's no buyer.

Oh better not to forget those big fat whales who loves shaking the market, they are the one who have influenced the most.

But yes, I agree with your statement, depends from how you see the situation and according to your needs. Keep in mind that this market will
always have this kind of rotations.

Selling pressures and being ride by people who understand the market and have seen golden opportunities to position their investment.

It's a mixture of multiple types of traders actually. There are mainly three kinds of traders selling right now.

1- Those who invested during the start of the bull run and are now taking profits, basically the whales. They always do this, buy at cheap and later sell them to again buy at cheap once the market falls hard.

2- Traders who are new and are afraid of the market movement and panic sell. I cannot blame them but I don't think anyone who is too afraid of market movements should ever trade in the BTC or any crypto market.

3- Daytraders, those who want to play with minimum movement of the market and want to sell/buy continuously to gain small profits.

It's beyond supply and demand right now. There is no reason why suddenly the demand was half of the supply (considering BTC dropped by almost 50%) while a few months back the demand was 5x of the supply (considering we lifted from 10k to 50k and more) I believe that after the shitty tweet from Elon Musk that Tesla no longer accepts bitcoins, most of the large scale investors lost their faith because we as a community hold small amounts but those like Michael Saylor and others have invested humongous amounts and

they have to be mindful of the market news and Elon is a massive source they must rely on. Once big investors start selling, there is a certain domino effect and everyone starts selling and the market keeps on dumping.

It is a normal initiative of an individual who certainly still do not fully understand crypto to have a soft hand that let them sell their cryptocurrency coins that easily because they were afraid to experience loss due to declination of the value of the crypto they were currently holding. We cannot say they are totally noobs maybe the right term is inexperienced because they were just new in the industry. That is just normal for them since they still do not certainly know how working in this industry goes on. But if they will just keep their focus into learning and acquiring knowledge and only investing and trading into decent and worthy crypto, for sure they will get along not to sell easily once they saw declination.

I guess every bitcoin trader sells and because we all are involved in the bitcoin's market as long as one transacts in using bitcoin you are selling.

I don’t hope for selling to end; we have to adapt to the way and get used to the system.

It could be anyone right. About altcoins not tied to price of bitcoin i think it is impossible except it is stable coins. Because price of altcoins which is will be end in USD (fiat) will depends on bitcoin first, it caused by there are more pair of altcoin to BTC.

No, not all surfer losses, that they didn't partake in the future gains bitcoin produces doesn't mean they surfer losses. Every investors should have a strategy, some strategy could have involved them securing profit now and unfortunately the market is in a bearish trend.

Actually you can never know as some who dump now might likely buyback if the market dumps further. Some are only securing their profits in anticipation of re-entering the market incase of further market correction as I have earlier highlighted.

Even the market is at bearish season some point and another there will be traders who will sell, maybe in need of money or still in profit . We don’t know unless they will say their reason. I only sell when I’m in profit or just want to stop some losses. It will all depend on our determination on how long where able to analyze and keep our investment.

Well it's no longer a dream because there are already lots of cryptocurrencies that doesn't correlate with bitcoin, although most of the coins we have today in the cryptocurrency market correlates with bitcoin.

So, if you're looking for coins that doesn't correlate with bitcoin, then you should know by now that there are coins that doesn't correlate with bitcoin. If you're making use of coinbase wallet you are able to see this as the app shows you which coins correlates with bitcoin and which ones doesn't correlate and it also shows you the level of correlation.

Yes, I think a lot of traders sell to make a profit,
even so it is not easy to do because of the fact that many traders are also experiencing losses,
What is clear is that trading requires a strategy and analysis because both are very important

Nobody wants to miss the pump, it was the best choice to sell our shitcoins and keep those reliable. Such an opportunity won't last long and I think everybody is enjoying the bullish season.

Some say they just hold until now, well, it finds ridiculous for me, I don't know what he is thinking or they just want to pretend.
EVERYONE is selling, that is the reality.

Good enough to assess and start sorting which coin to invest your money, there are many coins / projects that exist who are moving or

who can stand alone, not minding what are happening behind Bitcoin, you need to sort it and not to blindly invest in any project/assets that you
will place your money.

Very important to have a better  outlook and not just to rely everything with Bitcoin.

Yes, that's actually what is expected when altcoins are not affected by the price of bitcoin, it's time for altcoins to stand alone. However, that is not entirely possible, even now altcoins are still dependent on the price of bitcoin. And they came down together. When will altcoins become independent, and that's a question that doesn't need an answer

No, it's not possible that altcoins will live alone without the help of bitcoin to be like lifted up of its current trading pairs. Though some of them relied through usdt coin, but not that efficient as with btc pairs. Those who were selling now are the day traders who've been waiting for small spikes, but they're not actually helping because the market was still recovering from slight falls.

The ability not to be triggered by floating comment from people who have no expertise or authority to talk about cryptocurrency  prospect, growth and it's development is the sign that you have become stable, mature and confident about your skill and knowledge about cryptocurrency! Now you are rooted, not wavering from every wind of hearsays and conjuctures!

I believe there are different kind of people who are selling right now for their day to day requirements and this way we need to include bitcoin miners as the first one in this list. People who have bought below $30k by the times of earlier days of this year also, might be selling bitcoins by this time and the last significant amount of people who bought around 50k and 60k and to cut their losses might be selling right now even for losses to avoid big losses in the case of bitcoin face another round of sudden chaos.

But overall, after Elon Musk's recent tweet, we are seeing bitcoin prices trading above $40k levels which means there are less number of people who are continuously selling and more people started again to buy and hold which is the scenario I have been expecting for last 2 to 3 weeks and that finally arrived to take place.

I don't get exactly get what you are trying to emphasize here, but there is one thing I am pretty sure that altcoins has a big
help to me for a couple years already now into my life, without this I cannot support all the expenses I have now, but that's not what happen
instead, through altcoins I can support my own family because I can sell anytime I want.

Well, you are lucky and your patience got paid off. But I think, all of us are benefiting from the previous ATH, hunters had a huge profit from their altcoins and I can't really imagine seeing many shitcoins just pump for no reason during that time. Honestly, I have some and sell them immediately when I notice they already have a value after waiting for several years.

the right time to sell altcoins is a momentum that must be used properly, if we are a little late, then a dump event can occur right away. therefore lucky you can take advantage of that time, so you don't regret it when the altcoin dumps right away

Buying or selling of a coin depends on the coin’s marketcap.
If the coin is not so popular or new, then you will see slow movement in buying or selling.
If the coin is popular and marketcap is high, then huge amount of trades will be going on.
And yes these are made by people and traders only, no big wallets move the markets.
Some wanted to buy at current price whereas some has bought it in a lesser price who sells now.

Numbers dont lie and you can directly tell on which one is on demand and which one is just having those temporary pumps and liquidity.
When it comes to the question on whose selling then this question is something cant be precisely tell on who but you can tell that
lots had been selling when the market is declining and also only the best projects that does have demand will definitely survive and the
rest will simply just die down and be forgotten. Remember that this wont be called a market if there were no sellers and buyers in the first place

Who doesn't? A stand alone coin that is not reacting whenever Bitcoin or Ethereum moves. It's difficult to find and I guess its glued with that reality.
It's not even easy to find reasons why. They have their own market so why the heck are they moving if it's not tied with anything.

I see some NFT coins looking like that today. They don't move much whenever a dump or pump happens with top coins.
But those are NFT's, and associated with it is danger of losing funds or let's just say a high risk investment.

It is unreality that altcoins are not tied to the price of BTC, let us assume if one day the price of altcoins have nothing to do with BTC, it may be the end of BTC and the end of the crypto market.
When bad news comes out, it's always causing panic, and people sell one by one natually and i think most of them are newbie.

It never comes for sure. The Altcoins movement is somewhat the response to Bitcoin's trend, it is unlikely to see that altcoins will have their own agenda and run in the other way but it goes along with the same direction.

Well, I do respect that news either fake or not, whether we like it or not, it has a huge market influence and this could never be changed.
If these people got affected and sell their coins? That is their choice, we don't need to stop otherwise, you will be the one to blame. Think that they are doing the things that they feel was right. If they were right or wrong, that is their problem, not ours.

Yes


Really how come? Ones like Vechain have real world use! They should be priced in dollars or Yuan or whatever. Like stocks.

Imagine if all stocks were tied to the price of Apple stock just because Apple is the largest? So when Apple moved up or down, the rest of the market follows in a similar manner, even though many stocks have no relation to Apple?

I do acknowledge most altcoins are shit coins but that doesn't mean they all are. People who think that probably haven't actually looked at Vechains fundamentals. I think it's the most undervalued coin out there. When it takes off and people realize how useful it's gonna be, it should blast off one day.... hopefully. Long as China makes them an exemption to their crypto ban.

It is possible that this will happen sometime. And when that day comes, what will it change for you? I believe that there is no problem for a trader that the price of altcoins is correlated with the price of bitcoin. This makes it possible to predict the price movement of altcoins by observing the price of BTC.

I agree with you on this. It's pretty difficult for traders especially in the spot to make money in these times because along with bitcoin almost every coin is falling miserably. There is no coin that you can find in an uptrend. For people who can trade in futures, they still make money using some shorting but people in spot can't really do this. But I don't think this market phenomenon would ever change now, because bitcoin is the most dominant cryptocurrency, this is only possible if the dominance of bitcoin goes much below 20% or basically we get two three different coins which are almost equal in terms of the market cap because only then bitcoin would not be seen as a barometer for market. Until then this phenomenon would continue. Rules of markets once made aren't easy to mend. This has become a customary rule of this market for quite some time now I really doubt it could ever change.

But this is now not a peculiarity of the crypto market. Just look at what happened to the stock markets around the presidential election in America. News that Trump might win has affected the entire market - not just in the US! - an drew prices down, news about Biden's victory, on the other hand, had a very positive effect.

So news affects markets in general, not just in crypto. What is very characteristic here, however, is BTC as the lead currency, which is something I don't know from the stock or bond market at all.

It might hard for the traders but you can never change that but instead, traders must have to adopt the system. If they can't, they are not supposed to be here in the first place. I'd never heard old traders had complained, I think they are much happy with the situation and it is for the newcomer to adjust themselves, otherwise.

We cannot put crypto into our hands, Which I think many had wanted to do for their own benefit. because this could never be happening.

But this is already happening. There are certain exchanges that don't pair tokens with Bitcoin. Those days when I used to trade on Idex (a Dex kind of), tokens were paired with ETH. So, it's not as if it hasn't happened before. Even on some Cex, there are still tokens which aren't paired with BTC. Some have pairs in tether.

Altcoins aren't tied to bitcoin actually , but of course investors are relying on bitcoin price to add investment to their altcoin targets.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~


But about those selling? everyone does mate, only strong holder like me keeps the coins inside our possession .

For sure, newbies are scared when the market goes down. So it wouldn’t be a surprise to me that a lot of them sold their coins when they saw the market crash. But another thing to look at is the trigger for this action.

A lot of things might have happened to trigger the sale. We have seen people like Elon Musk and the ways they have always tried to manipulate the market with their words. But I don’t look at all these things because I feel like they are meant to happen. The market won’t rise forever, no matter what, there is always going to be a time when it will go down. That’s is it for me.

I can't blame them and it was not surprising that most of them suffer such feelings as they are not really prepared for the market crash. Because what they think first it makes a profit, they always think that price will keep moving high, it wasn't in their mind to think about a market crash. Many are selling for the sake to save their funds, and it wasn't right for me.

---

This gonna be a lesson to learn for newbies, We must not be confident with the market and never, never underestimate the word volatility.

hi friend, it's not difficult to sell bitcoin in the market, you can buy and sell in the market,
why should it be difficult?, I really understand because not everyone can do analysis,
and always rely on fomo and fud, of course if it's done continuously then your capital can run out easily

I do blame them because at the end of the day if you think that you are going to keep making profit then you are going to end up being upset as well. I personally make my decisions based on either direction, it could go up or it could go down but I want to be involved and that is why I buy in installments once a week and that way I end up with an average price, I did buy at 58k at highest and I bought at 6.5k at lowest, that is why I am not worried because I know I will keep doing this for a very long time and I have no plan on quitting anytime soon.

It is not that I do not think prices will not go up, I know that it will go up, I just feel like it is not going to go up at all times, it may go up or down so I need to be prepared for something like that. If you feel the same way then just be ready, if they thought that they could profit constantly then they were wrong and they are to blame.

I think they are not so tied up as before! It's all about the pairs on the market... before Bitcoin was the only pair for many alts, now you can trade alt/stable coin pairs!
Reality is one, crypto is a free market! Anyone can choose to buy or sell at any price... whale or a small-time holder/trader, and according to buy/sell orders of the certain pair you can see the market move!
Someone said a long time ago  "do the opposite from what masses do and you will harvest profit all the time"! Don't panic when others do that, use that for your own advantage!

I do agree on this it's an advantage if both bitcoin and altcoins do correlate in prices and I think it only happens during bull run but sometimes it moves the other way around. This market is so unpredictable even the market fluctuation is impossible to predict precisely.

Only whales can manage to manipulate the market so easily but we have to be ready in case this will going to happen. Doing some TA will help to determine what would be the market's next move.

At this point, I don't know who exactly is selling,noobs have been pushed out of the market since the last crash, right now I guess it's just normal people dumping whenever there's a fud, I don't really seeing anything wrong with that either, not everyone is willing to hold till a coin pumps back up.
I think you need to stop dreaming cause that's never going to happen whether you like it or not, altcoins will always follow bitcoin price movement.

He can stop dreaming if he starts looking at the stable coins. They're not tied with bitcoin but they're tied with USD. But that's the reality that we're going to keep seeing that altcoins will always be tied to bitcoin and that's what should everyone has to accept.

They shouldn't underestimate it because that's the main characteristic of bitcoin and this market itself. The volatility of the market makes it known and that's why we're also taking those times to consider if should sell or buy because of that main character.

although its paired with ethereum , but its price still rellated with bitcoin. we have bitcoin dominance rate that represent the bitcoin power in market. so every altcoin ,paired with bitcoin or not will effected when bitcoin price dumped or pumped.


bitcoin movement will help us to identity altcoin price,usually its moved parallelly  as long as bitcoin dominance still high.

Last year, there was already a situation when the price of BTC was growing rapidly, the price of altcoins did not change. Although we are already used to the fact that the price of altcoins follows the price of bitcoin. This happens because investors stop investing in altcoins, because they see that the price of BTC is rapidly increasing and investing in bitcoin will bring a quick profit.

I have seen always the dominance of bitcoin over altcoin .I think its the usual behave of the market .Altcoin is always follow the trend depend on btc .However there is something exceptional happen as well not all the coin follow like this we have seen many good altcoin get pump even btc is when on downtrend .Its true that new trader and investor always get panicked and make the wrong decision always .

Not only those traders are the ones selling, you need to understand that this market is highly leveraged so when the price goes down a great deal of people not only lose money but they lose everything and they are forced to sell, also it is impossible that altcoins are not going to be tied to the price of bitcoin when they are using its technology and for the most part most exchanges price altcoins on terms of bitcoin and as such you are asking for an impossible thing.

Everyone is being disappointed when they sell their crypto coins when the price drops. Some of them are just being forced for they just need a money for some purposes. Some of them sells it because they achieved their goals on their coins. They sell their coins too early and they might be feel disappointed on the future when they will see how each coins increased their prices in crypto market.

It seems like there are a bunch of weak-hands guys there that doesn't know how to hodl their Bitcoin for a long time. Why such in a hurry when you can earn more if you wait and hodl patiently until the right time to sell. I can't understand these people investing Bitcoin yet leave after they saw the price plummet like it has been 10 years already and most of you all are afraid of losing like hell Bitcoin would dump back to $1 each Bitcoin, I will definitely buy more if Bitcoin drops back to $1.

People are too afraid to risk of holding instead they just dump it straight back to the merchant/exchanges.

You are right a huge part of crypto traders are trading futures and leveraged trading and when price drops their coins are liquidated unless they can deposit more and more funds.

The altcoins tied to bitcoins is a curious discussion and although all the exchanges have altcoin/BTC pair, I think once a particular altcoin reaches a status such that they can be traded alone, they should not be dropping based on the BTC market. You may consider USDT, it is although centralized and hence controlled but never drops a shade even during the biggest crashes so sort of operates in isolation despite the market moving both ways.

Even USDT has a BTC pair, but it does change based on how BTC moves instead of based on how USDT moves. It's complicated and I think Ethereum might be the closest non-stable altcoin that can achieve the status of not being influenced too much by BTC crashes and bull runs.

Majority of retail investors and new comers are selling their coin to cut the loses. They bought the coins as a short term investment purpose but now as the market continues its correction cycle they are panic selling. Crypto investment is suitable only for the strong hearted people.

Those who cut losses are the real seller here and of course the whales are also selling just to put much pressure in the market and put the price down so they can have more in time. On a bear market there’s always a winner and a loser, so which side do you want to go? I’d rather cut my losses and buy later on be more strategic.

Most popular market pair nowadays we're really tied up with bitcoin seriously, and if that dream would come to reality I don't think altcoins will gain power as much as bitcoin does. Hype only helps alt to go upward and after that everything will fall when it reaches the top. Just like what happened with my shitcoin last 2017, I failed to sell because of wrong motivations.

Most of the time when Bitcoin goes up or down in the market, the majority of the altcoins always followed by it.
Just like what happened recently when Bitcoin went up to 50k$ to 60k$ price, if you notice most of the altcoins got pumped their
price as well in the market, then when Bitcoin began to decreased its price the majority of the altcoins also went down their price too,
just like what happened to Dogecoin, Shiba inu, Cake, Bnb and more something like that. Meaning, it is still the whale investors is the main
reason for this matter anyway.

Trades would need to roll out specific improvements changes starting from the earliest stage to eliminate that impact. Something else, it's simply going to be there. So I surmise this is a greater amount of them doing their ordinary selling-low everyday practice. This is presumably in response to certain FUD being passed around. This is most presumably similar whales and informal investors attempting to check whether they can push the cost down somewhat more to get some less expensive coins or possibly some of them had a few shorts they needed to fill which has flopped up until now and they've been losing cash.

I think the reason why altcoins fall harder than Bitcoin is not something that has to do with them being tied to bitcoin or not. There are so many coins these days that are not tied to bitcoin. If you’re check their correlation with bitcoin you will noticed that they 0% correlates with Bitcoin, but still you will see these coins and they will be doing really well and their prices will be increasing even at a time the market seems to be bad.

As for the reason why altcoins falls harder than Bitcoin, I think this is something that has to do with Bitcoin's stability as the number one reason. Since a lot of people views Bitcoin as the most stable cryptocurrency, they tend to move their funds to Bitcoin when the market is falling.

Yes, I agree, I will also wait for the right time to sell. This is not the right to sell since the market price went down. I suggest to hold it first right this time and when you think the price is great already to sell it, then its your decision. People who sells it I guess is a risk taker, even though they know that they might lose something, but still they decided to sell it whether in a low or high price. If I am the one who is ask by someone about this, then I will decide to hold it first until it already fully recovered before I sell it. I will wait for the right time before selling it.

Looking at the market fluctuations, it clearly shows that this is panic selling and nothing else. There are too many investors and newbie investors who have bought when the price was high and I don't think they are able to withhold the pressure and selling their holdings wherever possible. We are also seeing that the diamond hands like Michel Saylor, etc are buying this dip heavily, I mean buying 13k Bitcoins is not a small thing.

- This investment channel in the first months of 2021 has worked tirelessly and brought a large number of new investors into the market, but as you say, their targets were canceled in just a few cycles of change and now they are starting to sell everything at any price to keep a little bit of money left that they have invested. They are not knowing that except for them, the whales are also selling, they create pressure from the media and in the market, they are making money on the exchange's leverage and it's foolish to panic if we don't participate in the leverage

Good point. I'm able to sell most of my tokens before they collapse and now waiting again for the recovery. For a swing trader like me, it's good that I'm able to check and monitor that price action. Fundamental analysis helps a lot and TA is for the support where the right time to sell. The banning of China and the death cross happened to impact the market a lot. I hope this could be the last time that China will make its move this year. They really manipulating the BTC since they have many miners in their country. Selling is the best if you want to get profit and satisfied about it but make sure that you are selling when the price is high not at the bottom.

I think a great deal of those that we call weak hands are even worst than that, when I think of a weak hand I see a person interested in holding bitcoin for the long term but that are unable to do so, most of those that come to the market do not even have that determination, they just want to buy some bitcoin keep it for a few weeks and then sell earning a fortune in the process, so when this does to happen they are profoundly disappointed and they blame bitcoin for their losses instead of blaming themselves.

I do not think so though. It clearly showed to me that stop losses were triggered but also then that buyins all took their time today as we saw from 15% market rise in just a few hours.

Panic selling creates domino effect which should have seen Bitcoin drop even further down but it did not happen. Instead optimism and rebound happened.

Sometimes we can find anything to say about market dumping because a person sell when market is crashing and going much lower after more selling. A person who purchased at any time why he is selling in crash because of panic. Every share which is crashing createing panic in mind of trader that this share is going to end or loss your money till end.

I already sold mine back when the prices were dangling around 50k and 60k so I don't worry about selling because I am accumulating again and I think that there's nothing wrong with that because I know for a fact that I deserve to get some profits out of the bitcoin that I am hodling.

Good for you to have some profits before the big dump even though I presume you didn't sold at the peak of the market for this year for now. Everyone deserves to get a profit out of their bitcoin because they did have the patience to wait like the saying. I am still hodling unlike you but I am happy because I have more bitcoin to sell when the prices goes back up again.

As long as altcoins are paired against BTC then they will always react to bitcoin price movement. At the moment it is more than likely that Chinese miners are selling their bitcoin to fund the great mining exodus. It should be a short lived sell off. I really don't think we are in a bear market here.

Heres what I observed, the more bitcoin goes bigger, the scalps gets bigger. It has more fakeouts, and not following TA.

every bad news that has happened so far has greatly worsened crypto to continue to move down, especially China in a way that maybe this is the umpteenth time doing this again. where the effect makes all investors can no longer think rationally so that it keeps on dragging on. should reflect on the past investors do not need to panic and can accept the news as usual, but this did not happen.
fortunately there are still many investors who are not bothered by it, and to make crypto not continue to fall, we hope there will be good news to be able to increase crypto again.

In times like this, selling is a bad idea, why would you do that if you are not making a profit? That's so stupid, you sell only because you panic and you have no room for success when you are investing in crypto. The right thing to do now is to be smart, and by being smart that means you accumulate because the market is on sale.

I also sometimes ask myself this question, who is actively selling cryptocurrency? Studying the crypto market, I realized that miners, holders and bots can sell a lot. As for the latter, it is already a practice when, in order to reduce the price of cryptocurrencies, large players launch trading bots that actively reduce the price of a particular cryptocurrency by selling it to themselves. Surprisingly, I would not have believed this before if I had not seen this process myself. So if you think that miners or holders are selling in case of a strong fall, then you are probably wrong, this is a trading bot that works to lower the price.

Well, it's a matter of perspective, if you are profiting from selling then do it but if not and you believe that the prices are still going to go up really high then you should probably hodl and another case that we forget is probably the people that are on the short-term side of things, they're trying to cut losses so they can get in when it's a bit more lower.

Yeah, we have a different market preference. People decided to sell either because they are in profit or they are in a panic. They have their own decisions and they are doing this as they think is right. That is why I'd never spend my time asking people why they sell and why they hold because that will be going to happen no matter what will be the situation. Whatever happens to them is that what they wanted and not our obligation to make a decision in their life.

 

Yes, I agree, this time is not the right time for selling but its the right time for buying. Selling is a bad idea. Holding is better right now than selling. Avoid panicking since downfall and increasing the price is always in the process of cryptocurrency. People decided to sell it because they are panic on the downfall of the market prices. All you have to do right now is to be smart, learn to wait and be patience. Try also to research some good coins for you to buy for it can give you great profit for the future.

Don't panic if you invest in crypto many traders panic and sell the currency and then have to invest long term and wait patiently for the loss if the price goes up later the long term is more profitable for investing in crypto.

Most of the new investors are just probably panicking on what happened to Bitcoin from $60k to $30k quickly those wallets are probably the big investors or probably what you call "Whales" their decisions have a huge impact to the market plus the fear of the new investors and the fuds that was spread throughout the news I'm pretty sure a lot of people would be selling.

We should care about our own decision and let those other traders to do whatever they've want.

Like what you have said, every traders have their reason why they are selling some might already earned decently and some
might in need for emergency that's why they need to sell their assets.

whatever  it is better not to mind, since we do have our own reasoning why we should sell our investment.

If you can obtain profits while trading then that is fine, the reason why holding your coins is the most popular strategy is because very few people can actually do what you are doing, many are simply not able to do it regardless of their level of skill in the markets and as such decide to hold their coins instead, this is very profitable but there is no doubt that when it comes to a good investor versus a good trader the trader will always obtain more profits.

Not a good time to selling in the current market conditions, there are still many opportunities to be had for higher profits. the problem here is to worry too much and consider many things that affect the mind while holding, well that's the reason we will lose our luck.

right, a good decision is for your own reasons. that's where the pleasure of trading where we do not intersect with other people. as if we work there is only us with the market. although many people make different decisions, but we must believe in our own analysis, that way there will be no regrets if we are wrong

seller have no good mental and psychology to face any market condition , they are not ready if their investment getting loss due market crash. In current position we must accumulate our assets to maximize our profits when everything recovered.

While I would have the same judgement that anyone selling right now is probably making a mistake but then I believe there are traders who take money on interest and they cannot afford to hold during dull times or bear runs. They have a constant interest rate that works against them and if they sit idle, they will eventually lose everything. They have to sell in loss and then buy/sell again to make sure they earn enough to cover up the loss, earn enough to pay the interest and even save something for themselves.

This is why I am always against taking loans to trade unless you have received the loan under favorable conditions like interest-free or without collateral, anything that adds value to the loan.

Wow that's crazy. Can you send me the link where we can view that?
Like so I get why they might want to lower the price to buy more, but does that mean they're doing the same to alts or are alts just held by weak hands?

Also, speaking of bots, I hear of these trading bots, they're supposed to take advantage of market fluctuations in the day, and sell some high and buy some back low and do it automatically. Where do people even buy bots like that? 

It is easy to suggest others but really hard to implement. I purchased some BTC from my salary when BTC was around $45,000 and I felt so bad when the price dropped and kept dropping, at one point I had to wake all night to make sure something disastrous doesn't happen because I never used bots and all so I didn't even had the proper knowledge of how to implement stop loss.

People selling right now are surely new traders or those who have invested more than they should have, just like I purchased a lot of bitcoins with my salary and had to stress a lot. I eventually ended up selling at $38k so I know how it feels when you are losing a few hundred dollars every day and nothing you can do to control the flow of money.

You would have made this clear if you stated the coins you’re trading. There are many cryptocurrencies in the market, from Bitcoin, to Ethereum, Ripple, and so many of them that are out there. And the whole coins doesn’t go up or down at the same time, although there might be some of them, especially the top coins, that moves the same direction with Bitcoin, but many of them are totally different.

As for now the market for Bitcoin is being bullish, if Bitcoin is what you’re investing or trading, the market has been on the bullish side for long now, though there are times you can’t predict , because sometimes it seems it’s about to slide into bear market, and then before you know it, it’s going up again.

And the opposite is being done by the newbie who eventually became sellers in panic.

They've invested out of their emotion and they don't know that it must be a combination of knowledge in the market. The first and foremost rule in investing is that there's a risk whatever cryptocurrency they buy except the stable coins.

It is a great strategy that one must accumulate when panic sellers are there to sell at loss.

We need to change our approach to investing it is worse then worthless it consumes time and resources but returns no sales newcomers are at greater risk later on have less patience and sell everything quickly to make more profit. Even if the price goes down, you have to tighten yourself no matter which way the market goes success is possible only if you have a good knowledge of the market. It is easy to avoid losses if you can invest at the right time and increase the price.

Noobs are always the guilty on this part because what they only knew is how to buy and expect wins but the truth is there are none assurance .

But eventually they will learn and will become one of the most successful traders but first they need to lose.
When that day comes then Bitcoin will never be as popular as now and maybe most of the coins will have almost the same value.

and when was that ? when adoption comes worldwide.

Yes, they don't have.

And when I was a newbie too, lack of experience and knowledge. I used to panic sell with a very little capital like $100 and lower. That's making me panic and selling at loss.

Loss from around $20-$50.

Common emotion when we are still noob on this market and we would really be having those kind of common reactions when we do seeing that we are already in negative.
In result then that would really be ending up on taking a bad decision and thats why we do panic sell and even experienced ones would really be still experiencing the same
even if we are already aware on how this market moves but still there are instances that it could really freak you out. Who is selling? It would be composing of those
people who do take profit and to those who are panic selling.We cant really determine.

It's not going to be avoided when we're still a newbie and I think every newbie that doesn't have a mentor or coach to teach them the basics in trading, they're likely to sell at panic and loss.

Knowing who is selling, every day there's always a massive volume in the market and that shouldn't be a question anymore because there's no specific how many of them are but we got some idea through the daily volume. But is it that important? I don't think that it is.

the market moves according to market behavior and it is usually those who panic who sell during a bear market...

those who are beginners who don't have much experience enter the crypto market when prices are high but when it's a bear market they really panic and make a cut loss. Those who have enough experience will definitely not sell their assets during a bear market, instead they will hold it until market conditions go up again.

Most beginners come to enter high prices, it's true and they only want when prices are high how to feel the sensation of big profits even though I think it's wrong if they don't take risks let alone have no experience at all, I think a lot of that happens when the bitcoin price is bullrun and a lot of newbies come and buy at high prices after being bearish what they do of course selling it doesn't matter the important thing is they don't lose completely now that's where beginners start to shake not knowing in a bearish sense how to hold all the time.
Altcoins are difficult to recover after so many drops, it will be a long wait until the time has not been determined.

Another reason this happens to newbies is that they never really consider alternative scenarios, they think they will invest in a coin and the coin will follow their prediction, then when this does not happen they are completely lost about what to do and begin to make all kind of mistakes simply because they were not ready for the market to go in another direction, and if to all of this we add they want to become rich relatively quickly this means they take too many risks that put great mental pressure on them making their decisions even harder and which increase the money they lose if they make a mistake.

You would really get those ideas when you do get experience as you do go along with this market in a matter of time.Those newbie mistakes would really be just a normal thing to experience along the way.
People who are selling are compose of those who had been mentioned earlier and theres no way you can determine if those are panic sellers or profit takers and its right that theres no point on knowing those
because what matter most here is you do know on when to get out in the market and when to get in. Dont mind about those sellers because it would just stress you out.
Its just normal that people would have selling point.

Because most altcoins are in trading based on bitcoin and even ethereum was under the to the bitcoin price movement. In my own insight about this, bitcoin will always lead the price movement and it is impossible that altcoins will separate its movement.

People are always selling when they saw that it will be dumped or another cause when they are on the FUD and most of them are newbies on the crypto space which is there is always fear of their investment. Those are who selling.

Its understandable for having worries if the market crash, however if an investor prepared himself for the worse that can happen if he invest in crypto then panic selling can be prevented because you're aware how possibly it can go. This is one of the reason why we need to gain knowledge and condition ourselves to be an investor who cant easily move by FUD to sell at loss.

they need to learn about risk management to make them survive in this market, we will loss huge money easily if we didnt set proper money management. We get money from our job need doing hard work and so in this market we have to keep it securely. dont careless with our position .

Yes, traders go for unplanned selling when they are not fully aware of how strong bitcoin is, in long-term. When you're confident about having huge price levels like $100 in coming months then definitely you will not sell at the current price levels. Only those traders who are not bothering about learning the fundamentals of bitcoin might be selling right now.

Most traders are selling when the market is falling down as per their risk management principles but when they are good at the fundamentals of bitcoin then they will never need to sell in losses; this way they will still survive in this crypto trading but need to be more patience so that they could get into profit zones.

I agree with the fact of selling for the reason for risk management but you never need to get panic when you're holding bitcoins; this way you never need to sell by deviating from your actual plan.

Yes, when crypto currency experiences downfall it is really expected that newbie will panic on selling their coins just to earn profit even it is too little. But, I suggest that they must hold their coins this time since crypto market experiences downfall. Holding is the best choice right now and when you already reach your goals in this then I guess it is already your time to sell it.

Unplanned selling is the death of profit. If you write down all the purchasing prices and selling price before you even make any move, then you will be the one who will profit from the directions no matter where it goes, because the price hits almost all the prices in a realistic manner. Like let's say you want to buy at 31k and wait for it, planned your buying, and when it reaches you take action and do it, then you say you will sell when it reaches 39k and then price doesn't go there right away, who knows maybe it will crash again after it reaches 36k?

However if you wait long enough, eventually it will reach 39k and that is where you will sell and profit. Unplanned movements deriving from fear or any emotion is the reason why there are so many people who are losing money in crypto, make sure what you want to do and just keep doing that without steering to another direction.

Or just newbies thinking that cryptos are purely money maker for them.
What happens after that kind of mindset? They will turn their home into cryptocurrency hoping that they'll be able to upgrade to a mansion after that, then when predictions goes against theirs.
What is their common plan B? Loaning. There where they start digging themselves into a deeper hole.

Not all but majority would really be having this kind of mindset which is really a bit common.This is what happens when you dont do your research, you should be aware on how this market actually works.
You would soon realize that making money isnt really easy on this field so better be aware on how this works and you would make yourself do able to avoid into those common problems.
Asking out on whose selling then this do basically talks about sellers and buyers so you could precisely say that they are the ones who do make out those kind of activity which is a basic thing.
What matter most here is that you do know on how to ride with those price movements and make yourself profitable.

Yes, almost all the coins trade in the market based on how Bitcoin is doing but this is what confuses me the most. Why do altcoins drop if BTC is dropping? There must be a solid reason because when altcoins are dropping it does not alter the movement of BTC by much.

If BTC is ultimately going to control all the movement we see in the crypto market then why shall one even invest in them. I could understand years back why bitcoin dominated the market and movement of all cryptos but now given we have so many coins and such a humongous market with various cryptos at the top, I don't think altcoins should be dominated by bitcoin and its price, but they still are and that's a fact.

Everyone who needs money or wants to buy something does sell. Another group are investors who think they are losing their money. I don't include traders at all, they want to keep buying and selling. So people who do not believe in bitcoin are usually very shaky out again.

^ I don't even know what is the reason either and based on the marketcap price, BTC was in the range of $33 plus this week or this month, I don't see any improvement right and it seems there is someone controlling the price. I don't see there was selling, but I believed there is a manipulation of the price which makes the price was struggling in that range. There are too many factors that we must be considered and I don't think selling was the main reason behind the price. Look at now, once again the influencer on Twitter trying to pump the price through his tweet.

That might be another reason indeed. A lot of newbies or new traders jump into the crypto market expecting to double their capital within a few days after they see all the hype created on Twitter and other social media. When faced with reality, they fold rather quickly and are the ones who panic the earliest. There are plenty of amateur traders in the crypto market right now.

Haha, exactly the kind of thought I had. I have seen people even taking loans to invest in cryptocurrencies which may have worked out if the loan was taken with prior planning but these guys just gamble with their money and consider themselves to be traders.

And at the end, they will blame bitcoin for their loss and start talking thrash at their social media handles.

That is what they think, they see ads on social media saying that they can come to this market and make a fortune and while this is not completely false the ads forget to mention this only happens to a few lucky newbies, the ones that can become profitable and which are not dependent on luck are the ones that have a complete trading strategy and that can obtain profits consistently, and yet the newbies never stop to consider this and that is when they begin to lose their money.

Sell weak hands as always. In particular, newcomers who came to the market at the peak of growth and are now watching how their deposit is melting before our eyes.
Such people very often do not withstand such pressure and sell their coins during the downtrend.

And the worst part is that a great deal of those newbies could have avoided that fate if they were willing to wait long enough, after all when the price stopped moving up it was clear that something was about to happen, the price could have gone up or down but that was the moment to wait and let the market decide which direction it will go, but they were greedy and bought at the worst possible time and now they are suffering the consequences of such a mistake.

Not all who sell their crypto are we called weak hands but just to think that they have a reason why they do it. I respect them as they have the right to decide what they would like to happen with their investment. And we have the reason also why we just hold, that is the same.

Imagine that, if we all are going on the same path like we all are holding together when it declines and sell together when it pumps, you can never see the market is good and profitable. We can't change the nature of the market and that supposed to have someone is selling and someone is also buying.

Very often to happen that newbies will never think about the future but just for today or in short term. That is why they mostly got panic when the market shows a decline as they are worried that they can't get their money back, they are not comfortable. And this happens when we just jump on the market not knowing if that will be the best position to buy.
If they had come during the hype and buy, this kind of investors has no doubt that they are already selling.

I want to ask the following question:

if all people don't sell bitcoins, how will the price go up?

if all people decide to do hodl, how would it be possible for us to use bitcoin as a means of payment?

it seems many people forget that it is necessary to sell and buy for the market to be a market. we have to start thinking about using bitcoin as currency and forget about hodl

As for me, people who are selling are those who are just taking advantage of the market. They sell when the prices are high and buy again after they dumped. That's the normal strategy of a huge number of traders. Instead of holding for a long time, they prefer gaining profit in just a short time by buying and selling. Newbies would sell especially when they feel fear and that's a normal action of beginners.

While true we cannot force people to act against their self-interests, if people think that it is best for them to keep holding their coins instead of spending them on anything else then that is their right and they can keep holding their coins, I think we could begin to see more of this once we got more people to adopt bitcoin and also when bitcoin reaches something closer to its true value, which is way above the current prices we are seeing right now.

Yes I agree, people who are selling are those weaks especially newbies that panic during the downfall of the market. People who are selling are those risk taker and those people who just depend on cryptocurrencies to sustain their daily needs. Instead of holding, they will sell it even in a small amount because they are not sure if those crypto coins will rise again. But I suggest they must hold it and trust those coins they are holding because maybe they will earn huge profit in the future.

I don't think we will see this in the near future. Although the crypto market is unpredictable, you still need to have certain predictions.

Most of the coins also follow bitcoin whenever bitcoin is going to a height then the other coins also follow it and go to height. But sometimes this happen that when the bitcoin rises then other coins won't effect that much, and it was in his original position. So, it would be better for the traders to judge the coin behavior.

There is a cogent reason why bitcoin prices move market up and down. I believe the idea of bitcoin is solid and people seeing it workable make lots of people to believe in bitcoin and consider the altcoin as copycat.  However,  altcoin has gone beyond copycat because of how much altcoin have grown  and this also because of ideas that add value to bitcoin idea,  like decentralized finance,  metaverse etc!

As long this market is up and running and if you are a trader or investor then speculating and making out prediction would be always a part of our lives
or as long you've been touching this place.Selling part would always be a common action but telling on who are the ones who had been selling?
It would be composed of several entities which you do know on who it is. Its just really been part that we do take out profits and we know that
market works on buy and sell thats why you should be wise on making out these actions for you to benefit out.

I think it is deep holders who have been buying altcoins for a long time. This is, in principle, a normal phenomenon, regarding the pegging of bitcoin to alts, I think it will always be pegged, as long as its market value and capitalization are so high, as well as the bitcoin hype is always at its best.

Many traders are still doubting the price of bitcoin in the market, if to sell or keep holding their coins till November when the price of bitcoin will finally hit $80. Now the price of bitcoin just hit $66k, it is better to sell your coins to earn well from the market than regret with your coins soon, if the price decrease to $40k.
I sold my coins few hours ago when the price was $64k. There are still more customers who are still selling their coins in the market because the market is looking good for customers to make a good profits. Many investors will not miss this great opportunity by selling their coins in this season to make suitable income before the price drop.