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Author Topic: What is going on, who is selling at these prices?  (Read 1887 times)
calkob
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January 11, 2017, 05:11:52 PM
 #1

I just dont get it.  Huh i have been in bitcoin since 2012 so i understand the ups and downs in price.  i have also been acquiring bitcoin since then.  but i just dont understand the how people can still be selling at below $800. 

is it just people who are recent into the market ?  i thought it was abit early for ATH last week but i didnt expect a pull back to below $800. 

what ya thinking?
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January 11, 2017, 05:37:08 PM
 #2

I guess they are the ones who are impatient. maybe they want to make bitcoin prices down, so they can buy bitcoin at a bargain price. Well, I was also surprised to see the price of bitcoin down very quickly. I do not think they could sell their bitcoin under $ 800. but, maybe they have a bitcoin very much, and had to sell in large numbers.



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January 11, 2017, 05:39:11 PM
 #3

I guess they are the ones who are impatient. maybe they want to make bitcoin prices down, so they can buy bitcoin at a bargain price. Well, I was also surprised to see the price of bitcoin down very quickly. I do not think they could sell their bitcoin under $ 800. but, maybe they have a bitcoin very much, and had to sell in large numbers.

as you know china is owning nearly 90% total bitcoin in the world. why we don't consider this big amount? and they can control this market. Everytime china has any bad news about bitcoin then the price is going down deeply.
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January 11, 2017, 05:50:45 PM
 #4

I guess they are the ones who are impatient. maybe they want to make bitcoin prices down, so they can buy bitcoin at a bargain price. Well, I was also surprised to see the price of bitcoin down very quickly. I do not think they could sell their bitcoin under $ 800. but, maybe they have a bitcoin very much, and had to sell in large numbers.

as you know china is owning nearly 90% total bitcoin in the world. why we don't consider this big amount? and they can control this market. Everytime china has any bad news about bitcoin then the price is going down deeply.

Which would make it easier for new users to buy cheaper bitcoin, which then drives the price back up again. True, they're heavy users of bitcoin and it is a bit worrying that a sneeze there would make everyone else catch cold (or is it smog allergy?). Still, I don't see any reason for the gov't there to try to drop the price since that would affect all the miners there.

As for people selling it below $800, it must be really new adopters who are anxious that the price will drop even further. If you managed to buy btc when it was dirt cheap, there's really no reason for you to cash out in bulk.

<|°_°|>
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January 11, 2017, 05:51:09 PM
 #5

There are some ppl selling their bitcoins right now there are the one's who lack of patience and do not believe that the price of bitcoin will go up again and it will continuos to increase. I'm not selling my bitcoins wait for the right time  Grin

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January 11, 2017, 05:51:34 PM
 #6

Yeah more news today regarding Chinese central bank visiting BTCC and the price drops.  But even with BTCC reassuring people about the visit and that it went well people are still selling.  i really dont understand the thinking, in my opinion bitcoin is a amazing technology that will change the way fiance operates and because of that is worth far more than $800.  I am hodling until either i am a rich man or bitcoin goes broke.   Grin
calkob
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January 11, 2017, 05:55:01 PM
 #7

I guess they are the ones who are impatient. maybe they want to make bitcoin prices down, so they can buy bitcoin at a bargain price. Well, I was also surprised to see the price of bitcoin down very quickly. I do not think they could sell their bitcoin under $ 800. but, maybe they have a bitcoin very much, and had to sell in large numbers.

as you know china is owning nearly 90% total bitcoin in the world. why we don't consider this big amount? and they can control this market. Everytime china has any bad news about bitcoin then the price is going down deeply.

Which would make it easier for new users to buy cheaper bitcoin, which then drives the price back up again. True, they're heavy users of bitcoin and it is a bit worrying that a sneeze there would make everyone else catch cold (or is it smog allergy?). Still, I don't see any reason for the gov't there to try to drop the price since that would affect all the miners there.

As for people selling it below $800, it must be really new adopters who are anxious that the price will drop even further. If you managed to buy btc when it was dirt cheap, there's really no reason for you to cash out in bulk.

Price currently on bitstamp at $759.97  i am scooping up as much as i can  Cheesy
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January 11, 2017, 05:59:16 PM
 #8

They fools who would be awhippin' out a gotdamn umbrella if'n it started rainin' bitcoin.  They awways around an' they never makin' money cause they stoopit.  Y'all need ta be buyin' up what them sucka MCs is sellin'.  Then we be back on track fo' $1000 an' beyond.  Smart folks in the hood see this here as opportunity.  Dumb folks who cain't git the gotdam base pipe out they lips is the ones sellin'.
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January 11, 2017, 06:05:26 PM
 #9

I just dont get it.  Huh i have been in bitcoin since 2012 so i understand the ups and downs in price.  i have also been acquiring bitcoin since then.  but i just dont understand the how people can still be selling at below $800. 

is it just people who are recent into the market ?  i thought it was abit early for ATH last week but i didnt expect a pull back to below $800. 

what ya thinking?

They want stupid profits that's it lol.

Basically they are challenging the risk just like the holders. Since they secured profit at the current rate, they must expect that price will goes down more. It's a win win situation from them. If it goes the way they want then a win, if not then they need to pull out some extra funds in their pocket.

This is how hot hands are being tested in a situation like this.



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calkob
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January 11, 2017, 06:09:42 PM
 #10

They fools who would be awhippin' out a gotdamn umbrella if'n it started rainin' bitcoin.  They awways around an' they never makin' money cause they stoopit.  Y'all need ta be buyin' up what them sucka MCs is sellin'.  Then we be back on track fo' $1000 an' beyond.  Smart folks in the hood see this here as opportunity.  Dumb folks who cain't git the gotdam base pipe out they lips is the ones sellin'.

Brilliant analysis, Huge Black Woman,  Grin  do you by any chance know diamond & Silk ?   Wink
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January 11, 2017, 07:50:23 PM
 #11

The price of BTC is manipulated already and this sort of thing gives people to short BTC. Only those selling now will regret their decision on the long run
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January 12, 2017, 12:57:40 PM
 #12

I just dont get it.  Huh i have been in bitcoin since 2012 so i understand the ups and downs in price.  i have also been acquiring bitcoin since then.  but i just dont understand the how people can still be selling at below $800. 

is it just people who are recent into the market ?  i thought it was abit early for ATH last week but i didnt expect a pull back to below $800. 

what ya thinking?

in my opinion it is because how exchanges are like today.
there is an orderbook which is still thin and because of that a whale can cause panic and others join in when they see the opportunity and sell to help the panic then they buy back at the bottom.

you see, traders who are only thinking about more fiat love a volatile market and the more swings it has and the bigger they are the more they can earn.

if those who bought bitcoin stop listening to fake news and stop giving their coins to the whales buy orders price won't swing this much.

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January 12, 2017, 01:15:29 PM
 #13

There are many newbies in the bitcoin world who bought bitcoins first time in his/her life, without the knowledge how to trade, they are panicking now because price went down. But this is not problem next month price will be 1000$ again, or maybe in a few days

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January 12, 2017, 01:20:37 PM
 #14

the people who in need of money and those who's trying hard to get profit from short term trading. if there's none of people are selling bitcoin then it might be seemed really strange then because a normal market must have buying and selling activities so it will be balanced, and probably people who desperated because of the price falling also contributing on this high supply of bitcoin to be sold



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January 12, 2017, 01:22:44 PM
 #15

Case 1= Not everyone owning Bitcoin bought it for money. Many just work online, get their incomes in Bitcoin and exchange it to cash on regular basis.

Case 2= Suppose, you bought Bitcoin last year when it was $500. You were holding it till now. But as the fear of price decrease, you are ready to sell it now for even $700 !!

You can't stop anyone from selling or buying Bitcoin. Bitcoin is user-specific.

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January 12, 2017, 01:30:59 PM
 #16

so i understand the ups and downs in price

If so, why You asking?
People fix profits loss.
This is aganst Your Religion to be marry with BTC.

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January 12, 2017, 01:42:33 PM
 #17

I just dont get it.  Huh i have been in bitcoin since 2012 so i understand the ups and downs in price.  i have also been acquiring bitcoin since then.  but i just dont understand the how people can still be selling at below $800. 

is it just people who are recent into the market ?  i thought it was abit early for ATH last week but i didnt expect a pull back to below $800. 

what ya thinking?

The ones who are selling now are the ones who have little to no knowledge on bitcoin. Many of them bought in at the top, because everyone was hyping in media that bitcoin would rise to 10,000$+. Now they see that bitcoin isnt some moonrocket and it has its swings. They are afraid of it going to 0 and them losing their investment so they sell.
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January 12, 2017, 01:47:33 PM
 #18

I just dont get it.  Huh i have been in bitcoin since 2012 so i understand the ups and downs in price.  i have also been acquiring bitcoin since then.  but i just dont understand the how people can still be selling at below $800. 

is it just people who are recent into the market ?  i thought it was abit early for ATH last week but i didnt expect a pull back to below $800. 

what ya thinking?

The ones who are selling now are the ones who have little to no knowledge on bitcoin. Many of them bought in at the top, because everyone was hyping in media that bitcoin would rise to 10,000$+. Now they see that bitcoin isnt some moonrocket and it has its swings. They are afraid of it going to 0 and them losing their investment so they sell.

Some whales might be manipulating the market too, you cannot ever know. If you had lot of btc, you could drive the price down and buy more coins at really low price.
If you had example 10000 BTC, you would try to drive the price down too right to gain more?

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January 12, 2017, 01:59:34 PM
 #19

Those people who are selling at these prices are those who don't know much of bitcoin. They can be manipulated to sell easily by spreading fud information or by a whale dumping all his/her coin followed by a chain reaction sometimes which cause to many more dumps and the whale buying up all those sold bitcoin. It might be some possible scenario though it might be that the Chinese are the ones selling their coins now.
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January 12, 2017, 02:10:21 PM
 #20

Just calm down this selling may end soon. And we will going back on the right track. Profit takers are making the price to go down, andnafter that buying time is next and the next target is 1500$. Grin

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