Bitcoin Forum

All of you that have been paying attention to recent block chain movements and sales have probably seen the ever increasing cash outs by early adopters.
What do you think the reason for this is?

Seems they switch to LTC because they know Core has no chance from the CIA+Google boys!

not sure if this is really happening. but if it is, then i'm happy to hear this. the less coins these early adopters have, the better it is for the long term price. at this point early birds have too much power with their huge stash of coins.

I wanna see Loaded, Goat, Risto et al holding the bag and having to be wage slaves again  :D

It's a bad time to cash out though. They should hold till the next bull wave.

That's what I am saying, IF there is no bull run and we fall back to single digits because Bitcoin XT has won, the bagholders will start jumping from windows....

As far as they diversified into block chain tech in general, this might not gonna happen. Anyways - I am more tempted to see Mircea Popescu holding the bag.

Lol

I think they are afraid that prices can go further down or may be they got bored of holding them :D

The early adopters (like the one who cashed in 250 BTC to pay off his mortgage) didn't pay single digits for their BTC. I got in late (9 months after the 250 BTC guy), and my first 50 BTC cost me 4 days in CPU time. The 250 BTC guy got out before GPU mining started (he mentioned he didn't want to get involved in the mining "arms race"). Even if an early adopter purchased their BTC, they'd still be looking at well under $1/BTC - that didn't happen until early 2011.

In case of XT win they will be bagholders, period.

Despite not loosing money and making good profit at even 1$.

It is mostly psychological.

I think that Gavin & Mike will drive Chinese mining obsolete. US wants to be the only guy in town IMO.

China is pumping desperately Bitcor(e)n to keep their farms alive lol

Well, OK then, I'm a bagholder and they're bagholders. I can't see anyone from that period "jumping from windows" if the price went all the way to zero. We didn't spend significant sums of money on BTC back then, and in my case (and, I imagine, in many other cases) we've long since made more money that we had any right to expect in the early days. If BTC hits zero I'll be sorry that an experiement failed, but I won't be suicidal!

No not for them for sure - but it would be fun to watch them panic selling!
Don't get me wrong, I am here since 2011, bought most of my coins at 5$.

But I don't like Bitcoin's fundamentals since Apr 2013 when after the crash I wondered what was wrong and started to realise many things (like anonymity etc).

Still I don't mind at all to see it rallying at 100K usd because I will ride the train!

Bitcoin days destroyed seems pretty low, where's this tidal wave of early adopter selling..?

Saint Gavin will not let them to! Blitzkrieg

Maybe they see an opportunity to invest ins some crypto business.  If price of Bitcoin will go up, worth of their business will also go up. If price of Bitcoin will stay where it is now, their crypto investment will bring them profit.

If it is happening, they either aren't cashing out much or there is a hell of a lot of buying going on, otherwise the price would be tanking.

I think the early adopters are cashing out to re-enter at some later point at lower prices.Same time who will enter now in bitcoin will do same when price will be more higher.As everyone is expecting price to drop lower may be this can be one of the reason too.

What would you define as an early adopter? Pre-2013 trading volumes were not as significant as those of today in terms of USD value. Some people were to acquire respectful quantities of BTC at prices that would make their purchase profitable even with today's price. I'm not surprised those people have cashed out. They're probably the kind of people that got in for the profit and still won big.

Any proof of the recent block chain movements and cash outs?

Google boys? Who are they?

Of course he has not. Like always he tries to create panic and chaos.He is a pure FUDster!A Troll. Just ignore him.That's the best you can do.Believe me. ;)

Many early adopters were wiped out because they buy high and sell low  ;D

Even Earliest adapter saw the end incoming & Dumping ponzi-coins from 2009
Coins from February 2009 have moved few days ago...

https://www.blocktrail.com/BTC/tx/10db077d1b183e25a720417faff8bf17e1b093c87c4c5045eda7354e3578a5e7

http://btc.blockr.io/tx/info/10db077d1b183e25a720417faff8bf17e1b093c87c4c5045eda7354e3578a5e7

http://chainflyer.bitflyer.jp/Transaction/10db077d1b183e25a720417faff8bf17e1b093c87c4c5045eda7354e3578a5e7

address: 1HUidFPHZ7cJ6WYmR8nMPQCmmE3mbVKYjM
message: It was me 20/9/2015
sinature: IC8oSnQ+CNMhqDYu7hTQXb+kvrbu/r3EXjiLjLvFIsQuDlxUSqXWZj7TRiLcLnmT+ErjgjOr7dVRC/GB47IKYk0=

address: 1JmRFyEQyVrDWojgxvCyeJ4M8X9ozjga22
message: Just re-organising
sinature: ICpIXtEm8Pjg6DUo0lMScOloo/GF1Uj1Z2frbFShlVNRzUJdKhfqWBaPsueEvDCVIsH+HjLqqFWiPMg/kJyZk94=


Back to 02/2009 there were only Satoshi and finney mining bitcoin. All bitcoins mined by Satoshi can be identified by https://bitslog.wordpress.com/2013/04/17/the-well-deserved-fortune-of-satoshi-nakamoto/

Sorry, bitcoin ponzi is over.

Lol. Who do you guys think you're fooling? I mean really?

Seems they are fooling newbies :D

I think you missed the transaction when someone moved his funds which was hold since 2009.
I think it is a bad time to sell the bitcoin, i hope that the price will increase.
But those who are selling i think they are selling for emergencies or think that bitcoin price will drop.

more likely that the reaosn as to do with the imminent block halving for litecoin if that is really the reason

they will do the same when it's the turn of bitcoin

Dont you got nothing better to do than sitting 24/7 behind youre pc to find ''something'' to troll uss here?

Also, Kwuckduck is the person who's making hundrets lvl 1 accounts to back him up, so obviously a no-brainer.

We will never know, we can only speculate. I would say that there is a combination of lost of interest and need for money while this later having much bigger impact. Some people are just losing patience. This moon thing is taking a while for them and they are not ready to wait that long.

Also it would be unfair to argue all the bad blood and all of the events that were taking place in the last few months haven't influenced their decisions as well.

Again, it's a combination of things.

This guy risked nothing. Probably mined with a computer that wasn't even that powerful, and years later what he earned was worth tens of thousands. He obviously didn't have enough bitcoins to cause a serious crash and the market absorbed his order well under normal volume and conditions.

You say that it's a bad time to sell but that's your view. There's no way to predict that bitcoin wouldn't crash tomorrow and stay there for a long time.

Since when are early adopters that important to Bitcoin? At this point a very few people own the largest amount of coins. Let their wealth flow into new hands. No big deal here.

I prefer to see more people own an equal amount of coins rather than a few bobo's having control over millions of coins. And btw, there is no proof that early adopters are cashing out.

Er, this is an overwhelmingly good thing, right? You can only sell once.

I can not say other way just agreed with you.I think same there are no early adopters people never imagined Bitcoine will ever hit 1500$.I think with the rise of price from November 2013 almost all early holders cashed out their Bitcoin even before see that ath.

Have a link for reference?

Christmas is coming :) plain and simple.

Except the fat chance that whoever bought them is looking to sell them later on, which they might not do with a profitable outcome.

because Bitcoin XT has won? what's XT got to do with it?

i think the release of XT was just like any other fundamental catalyst, that moved the market the way it was going to move anyway. imo we are still probably in the long term down trend from dec 2013. need to retest the lows or make new lows from the looks of it.

Your predictions are becoming worse and worse by the day. Last time you called sub 215 by Monday and now you try to see ghosts?

I see the opposite. Increasing number of late adopters are buying in. :)

do you actually see evidence of this? or is this just pure speculation? serious question. :)

aside from this recent small movement of 2009 coins, have their been other recent cases of early adopters moving coins?

Where did this come from? Well if this true then it is  not a very wise move.

possibly due to all this XT drama

Most likely is early adopter take money newbie buy in the same  :-*