NorrisK
Legendary
 Offline
Activity: 1946
Merit: 1007
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August 25, 2015, 06:34:56 AM |
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apparently dev found a way to kill bitcoin, and it was so simple, create a good community split, it will go down even further, but it should not touch something crazy like 100
i think there is a selling presure done on purpose here everyone know that it will tank and thus they are selling, if it crash too hard new early adopters will emerge, not really a good thing...
What is bad about new early adopters? Isn't any new adopter a good thing? Every new person involved is one more over the fence of bitcoin! |
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fryarminer
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August 25, 2015, 06:35:37 AM |
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I cashed the fuck out. Overlord Gaven is taking over control of Bitcoin.
Enjoy your worthless bloat coins.
That's ok. We'll sell to you when you want to get back in. Thanks for the cheap coins. Like anybody is going to care in 5 years that Gavin wrote some code! |
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Amph
Legendary
Offline
Activity: 3206
Merit: 1069
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August 25, 2015, 06:46:19 AM |
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apparently dev found a way to kill bitcoin, and it was so simple, create a good community split, it will go down even further, but it should not touch something crazy like 100
i think there is a selling presure done on purpose here everyone know that it will tank and thus they are selling, if it crash too hard new early adopters will emerge, not really a good thing...
What is bad about new early adopters? Isn't any new adopter a good thing? Every new person involved is one more over the fence of bitcoin! the bad thing is bad distribution, this mean that bitcoin can not really skyrocket |
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n2004al
Legendary
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Activity: 1134
Merit: 1000
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August 25, 2015, 06:47:02 AM |
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Most of the times that the people sell when the price go down is the panic. They have fear to lose that few bitcoin that have in their wallet and want to sell to earn that can be earned from the lowered price. But according to me they act wrong. In this way they lost. The price of bitcoin is well known that go up and down very often. So the last move of it if it is down will be up. Its needed only a little patience. And experience.
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Tstar
Legendary
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Activity: 1176
Merit: 1005
Decentralized Asset Management Platform
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August 25, 2015, 06:47:51 AM |
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The basic principle is that take what ever you can ...and i guess that is what people are doin right now as they are thinking that XT will destroy everything and others who were positive about bitcoins are afraid after seeing a 80$ decrease ...
what else to expect.
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Mickeyb
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August 25, 2015, 07:35:09 AM |
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There are some people selling because they are confused and they are losing confidence. There are also some traders that are shorting as they expect to rebuy lower and increase their stash. All of this is a vicious cycle at the moment.
If anything positive from this situation, every time a major sell happens, we rebound strong. At least this show that people are considering Bitcoin to be a good grab at around $190-$200. Now lets just wait and see how long will these bounces last.
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Kprawn
Legendary
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Activity: 1904
Merit: 1073
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August 25, 2015, 08:13:37 AM |
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I wonder sometimes if people care to look at the wider market scene before they panic like this. Could it be that this is their only investment, and they do not look at other markets and commodities? The global markets saw a sharp decline, when the manufacturing statistics in China was released and they reacted on that.. It's no big surprise that the investors in speculative commodities would follow suit. Bitcoin is a highly volatile commodity and it would react to small global influences like this, in the same way as any other commodity will do, in reaction to those figures. Stay in there, it's going to get much worst before it gets much better soon.  |
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EndTheFed321
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August 25, 2015, 08:18:34 AM |
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yes! you all need to SELL! SELL! SELL! it all before it is worthless  I can only hope for it to reach .01 cents per BTC again |
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guddu raj
Newbie
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Activity: 28
Merit: 0
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August 25, 2015, 11:32:14 AM |
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because it is easy to use in onlline market. bitcoin acept all onlline merchant who was trading onlline.
the hell people still selling prices. it have lots of benifit for selling prices.
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coinableS
Legendary
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Activity: 1442
Merit: 1179
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August 25, 2015, 12:42:06 PM |
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People are selling because they are impulsive. Here, I wrote a short story about it Mr Impulsive hears about bitcoin and he thinks it could be the next big thing. So he runs to the bank and takes out all his money and puts into bitcoin. Then Mr Impulsive feels good, because he had the FOMO. He was going to miss out on bitcoin, but luckily he was able to buy a large lump sum all at once "just in time". Mr Impulsive feels so good he goes online and takes a screenshot of his new coinbase account and posts on reddit that he has made it to the one in a million club. A few weeks later there's a sharp decline in market value for bitcoin, it went from $270 to $230 overnight. Mr Impulsive is scared, since he put his savings into bitcoin and he can't afford to lose it all. Mr Impulsive goes back to reddit and reads about the fork. He doesn't understand it, but he decides to launch an XT node, because XT = moon, of course  , and this will save his large investment. Another week passes and we are here with prices below $200 or hovering just above. Mr Impulsive has seen that his bitcoin investment of nearly $6,000 is now worth in the low $4,000. He is scared, bitcoin must be dying, he can't afford to lose that money. So he sells, "cutting his loses". He thinks, "whew, at least I didn't lose all my money... bitcoin, what a scam". Coinbase is pleased to count Mr Impulsive's account as one of their 4 million "bitcoin users". |
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pooya87
Legendary
Offline
Activity: 3444
Merit: 10558
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August 25, 2015, 01:12:07 PM |
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IMO people have always sold their bitcoins because they were scared. whenever some new thing happens that scares them, they start dumping to prevent further losses so the price goes (more) down and then it causes a chain reaction so more people will sell and it goes further down.
the only thing that don't lets the price to fall so much is the rest of the market who seized this opportunity to buy at cheep prices, and the rest who don't want to sell at these prices and keep hodling at any cost
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fryarminer
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August 25, 2015, 03:04:50 PM |
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because it is easy to use in onlline market. bitcoin acept all onlline merchant who was trading onlline.
the hell people still selling prices. it have lots of benifit for selling prices.
This has some truth to it. Not sure if it's what you meant, but if you are buying stuff online with Bitcoin and the price is down, you're spending more Bitcoin to buy the stuff and the merchant is probably cashing out. So purchasing with Bitcoin when the price is down contributes to the snowball effect too. |
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fryarminer
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August 25, 2015, 03:07:14 PM |
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People are selling because they are impulsive. Here, I wrote a short story about it Mr Impulsive hears about bitcoin and he thinks it could be the next big thing. So he runs to the bank and takes out all his money and puts into bitcoin. Then Mr Impulsive feels good, because he had the FOMO. He was going to miss out on bitcoin, but luckily he was able to buy a large lump sum all at once "just in time". Mr Impulsive feels so good he goes online and takes a screenshot of his new coinbase account and posts on reddit that he has made it to the one in a million club. A few weeks later there's a sharp decline in market value for bitcoin, it went from $270 to $230 overnight. Mr Impulsive is scared, since he put his savings into bitcoin and he can't afford to lose it all. Mr Impulsive goes back to reddit and reads about the fork. He doesn't understand it, but he decides to launch an XT node, because XT = moon, of course , and this will save his large investment. Another week passes and we are here with prices below $200 or hovering just above. Mr Impulsive has seen that his bitcoin investment of nearly $6,000 is now worth in the low $4,000. He is scared, bitcoin must be dying, he can't afford to lose that money. So he sells, "cutting his loses". He thinks, "whew, at least I didn't lose all my money... bitcoin, what a scam". Coinbase is pleased to count Mr Impulsive's account as one of their 4 million "bitcoin users". This is good. You get people! |
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mindrust
Legendary
Offline
Activity: 3248
Merit: 2434
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August 25, 2015, 03:08:43 PM |
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Haha, Wake up to the new world.
Everyone here knows that bitcoin is a pump'n dump quick money grab scam.
There is only one safe harbor and it is calles US Dollars. Just light a small spark, and everyone will sell any shit they own to USD.
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SPORTS BETTING | | │ | | │ | ▄▄███████▄▄
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kenbytes
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August 25, 2015, 03:17:43 PM |
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because any man needs money man...they try to do some money i think..  ) |
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ashour
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August 25, 2015, 04:14:48 PM |
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Most people sell when the market crashes, it's mostly a psychological thing that happens to the sellers. The ones that hold and buy know what they redoing and how they will profit from this crash.
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loki0505
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August 25, 2015, 04:29:47 PM |
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I sold at $285, bought back in at $213  |
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El Emperador
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August 25, 2015, 05:20:30 PM |
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Why they are still selling a these prices? Good question.. Perhaps most of them bought BTC when it was between $800-$1000 and they prefer to sell before it's too late. IMO, the post-BTC-bubble decline is not completely over. We are still currently well above the pre-bubble prices : ~$100.  |
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gentlemand
Legendary
Offline
Activity: 2590
Merit: 3013
Welt Am Draht
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August 25, 2015, 05:38:53 PM |
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IMO, the post-BTC-bubble decline is not completely over. We are still currently well above the pre-bubble prices : ~$100.
The landscape is rather different compared to early 2013. There's enough extra action going on to justify a slightly higher price, not that fundamentals count for anything. |
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boopy265420
Legendary
Offline
Activity: 1876
Merit: 1005
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August 25, 2015, 08:29:43 PM |
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People are selling because they are impulsive. Here, I wrote a short story about it Mr Impulsive hears about bitcoin and he thinks it could be the next big thing. So he runs to the bank and takes out all his money and puts into bitcoin. Then Mr Impulsive feels good, because he had the FOMO. He was going to miss out on bitcoin, but luckily he was able to buy a large lump sum all at once "just in time". Mr Impulsive feels so good he goes online and takes a screenshot of his new coinbase account and posts on reddit that he has made it to the one in a million club. A few weeks later there's a sharp decline in market value for bitcoin, it went from $270 to $230 overnight. Mr Impulsive is scared, since he put his savings into bitcoin and he can't afford to lose it all. Mr Impulsive goes back to reddit and reads about the fork. He doesn't understand it, but he decides to launch an XT node, because XT = moon, of course , and this will save his large investment. Another week passes and we are here with prices below $200 or hovering just above. Mr Impulsive has seen that his bitcoin investment of nearly $6,000 is now worth in the low $4,000. He is scared, bitcoin must be dying, he can't afford to lose that money. So he sells, "cutting his loses". He thinks, "whew, at least I didn't lose all my money... bitcoin, what a scam". Coinbase is pleased to count Mr Impulsive's account as one of their 4 million "bitcoin users". This is good. You get people! You drew up exact picture of the current scene.If it is not everyone's then it is a story of almost majority of the people who are under extreme and unexpected situation so they are trying to save at least something of their investment which is not good policy.People only lose if they sell,just hold and need patience sooner all will be well again. |
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