Bitcoin Forum

I just don't get it. Why would you sell so low?

And why buy bitcoins in the first place if you just planned on selling low?

Weak hands ???

Leveraged longs feeling more pain for every dollar the price goes down

It's obviously timed just right to demoralize the market.
1. Holiday weekend
2. 6th BDay
3. World of Bitcoin

Now people will laugh at World of Bitcoin in Las Vegas.

- weak hands
- short term speculators
- bots
- trend followers
- margin calls

- manipulators with deep pockets

Weak hands with anything are gone long ago.

I sold half of my 'core' position in the low to mid $300s because I suspected a washout like is coming, if I expected it this soon I would have sold more. But I do not consider myself a weak hand or a permabear- just interested in skimming some fiat along the way. Maybe I'm a mixture of bullbear, trader weak hand though? :)

Hell, I'm fine with all of the weak hands dumping their coins and sticking with their fiat as long as I can still use it at its current usefulness. More innovation is just a bonus at this point.

I don't encourage people to get into Bitcoin unless I know they actually understand the usefulness of it. The Obama/Romney voters who think everything is just fine can stick with their fiat.

True. + Panic sales.

Yes, panic is in the air. Bitcoin has been a crash course in volatility for many including myself.

Hardcore manipulation.

I'm stuck in a dump in a foreign country as I write this. Been here 2 days longer than I planned to, and may have to stay longer, because the banking system is SLOW.

Money was in my account by friday. The local ATMs don't know about this yet, so I can't get my money until at least tomorrow if not the day after. VISA doesn't know about it so I can't even buy a ticket out of here. Had to go to a moneychanger to change some fiat to the local variety at a 31% cut. Additionally, even if VISA worked I could not use my plastic card because it wants phone verification, and my phone was stolen.

If bitcoin could be used as payment none of this would be a problem. The current mainstream payment systems are ridiculously clunky, slow, and expensive. Bitcoin as a mainstream form of payment would greatly simplify things for anyone who travels even a little bit or deals in money transactions in general. There is no question that this technology is better than anything we currently have. All that's needed is for more people to be aware of this.

There will come a time where a critical mass of people will wake up and the price will skyrocket. In a year, two years, ten. This is what the big hands are waiting for, this is why they are pushing the price down, so that they can accumulate more for cheaper off the markets. Patience.

Panic sells... or bots... who the hell knows?  ;)

Because in a panic rally, you can't log in to any exchanges.

I'm selling right now, but that's part of my business.

Most others traders are also, however for a fair premium +15% over market.

I can tell you, there's certainly no shortage of clients wanting to buy right now (Have brokered over 60BTC in the past 30Hrs alone).

Understand their position as they think it is cheap right now. And I, in my opinion agree that the "floor" is in this current range. But let them know, the price could go even lower, so buy at own risk.

I believe a significant rebound is highly probably over next 24-30Hrs due to fiat banking money transmission times.

The rest of this week is going to be very interesting  :P    

Miners to pay for expenses, we need the overall trend line growth to kick in before the bear market stops.

why sell low ?
because buy very low ... in short time on the black hole trading view ... in the night  :D

Has nothing really changed since 2013?

I'm confident that at least one (if not all 3, in reality) of OKCoin, 796, or BitVC will be online during a huge rally. That's all you need to get a significant position, even if the average user only keeps a small amount of fiat or cryptocurrencies on exchanges.

Yeah, so they wait until a holiday weekend when nobody is buying to sell. Seems legit.

people who see this as a currency and not some esoteric investment to never touch.

Well, they are as cheap now as they've been in over a year. No excuses for not having an order in at the rate you can afford. Or maybe you want some cheap Apple stock too.

me I use it for currency. I don't need to spend it right now so I'm not nor am I selling it.

I saw you posting the other day about how it was time for you to buy.
Chickening out already?

Keep in mind two things. First all companies that accept bitcoin convert it to fiat right away which means selling. Second ltcgear used to buy bitcoin and A LOT of it since they mined ltc and right now its not due to complicated factors.

the question, the real one is who the hell is not buying?


they will stop at 100 probably, there will be a strong support around that, impenetrable one

Normal people with families. Kids go back to school tomorrow after the holiday break.

Who would sell so low you ask?  Maybe mark karpeles, or how about bitcointrader.biz fella, or how about hashie, or moolah, any one of them that basically stole the coins they now have I'm sire are mote than happy to cash out this low.

If you noticed that the thread is surprisingly free of trolls, you are welcome.

If your post has been deleted. You are part of the problem, not the solution.

Enjoy your Federal Reserve Notes and everything they support.

i have deleted my other comment too. I lost interest in this pathetic discussion

All people who bought before nov´13 are taking profit and a new investor dont want loose money

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.

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.

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.

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

As I've been told, China is selling.

http://bitcoinity.org/markets/list

dude, it's just not worth this much

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

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. :P

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

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

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

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

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

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.  >:(

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.

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

you holding any coin now or fiat on exchange?

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.

i guess miners? they cant pay their bills in btc

This thread should be a poll.

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.