What is going on, who is selling at these prices?

[mk3000]

if you've been using and buying bitcoin since 2012 then you know the overall tendency of price remains. weren't you here when bitfinex got "hacked"? FUD makes price drop, wait a few days, then price continues to move up as it has for the last 3 years.

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[The_prodigy]

I just dont get it.  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?

People are impatient they don't want bitcoin be on the price of $1500 when bitcoin hit $1200 they start selling their coins and never pump it again they start dumping bitcoin and trying to buy again, I know that this will happen again this happen again last last year where bitcoin hit the price of speculation and the prediction is bitcoin will fall.

[markj113]

I just dont get it.  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 are probably thinking better to sell just below $800 than just below $700.

[Lisaren]

Maybe some investors have good profits from holding in early of 2016 or They have heard some bad rumors from china so that They must sell for their profit or cutting down losses for buying with high price . That is a good condition for us to buy more cheap bitcoins.

[olubams]

I just dont get it.  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?

I guess the simple answer to that is because every one cannot think like you and the market is a perfect market with free entry and free exit coupled with the fact that the volume you have been able to gather over the years you have been involved, is not enough to dictate the terms and trend of the market. But I will want to believe when the price is on the high side you wont be asking this same question. Its a matter of time for things to normalise itself...

[Sex Video Chat VKcams.com]

or They have heard some bad rumors from china so that

Thry are chinese and You are cutted out in question about why they buy or sell BTC for the language and cultural difference.
Just start to eat rice noodles and baozi.



You have no idea about BTC flow in chinese world comunity.

[legendbtc]

I just dont get it.  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?

Yes people are keeping dumping the coin and giving all bitcoins to chinese people, and people who don't have patience are selling them at low price. This makes the price even getting lower and lower, really big whales are playing games with bitcoin because if they suddenly down the price people will impatiently sell their coins now it is happening right.

[traderethereum]

I just dont get it.  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?

i think the has got panic situation when they see that bitcoin is going down to deep and they don't want to hold bitcoin any longer so they decide to sell their bitcoin in $800 or below. maybe they bought bitcoin in high price so when the price is down, they don't want to get loss so they sell the bitcoin too fast.

[kryptqnick]

There are plenty of reasons to sell. 1. You just suddenly need as much as possible money now for some operation or something else. You don't care if it's a good time to sell now, you just do. 2. People who are quite new as the OP said. They think that $800 is a very good price for some numbers. 3. People can be in panic. Even if one knows that he needs to wait and he'll get his money back he just can't stand the possibility of it all gone. $800 is a lot better than nothing or than $200 (the sum to which btc dropped the last time it cost $1k).

[Rupucers]

Stresful plp who try to get out of ship before it sink, at least that what they think

[Doamader]

Be sure that at the current stage some people had bought their bitcoins at 250-300 dollars even at 500-600 and some of them are just getting their profits selling, bitcoin does allow anyone to make money as long you build and set your strategy. Some people may be leaving bitcoin after the big drop from 1100 to the current values, it wouldnt be the first time some investor moves out bitcoin, but i believe this are the whales that does wanna cheap bitcoins, and later they can pump again bitcoin easy.

[susila_bai]

The same old story why their is selling , it is clear that due to china government made some rules for bitcoin users so some traders who got panic and started to sell it and some of them are new comers who have bought on high rate and seeing the selling pressure they are getting out of knowing that low loss is better then fully loss. As they dont the potential power of bitcoin.

[jooj]

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$.

 What are the reasons that make you certain that the price of bitcoin will rise to this figure?

[Mastsetad]

We should not forget that there have been people waiting for price to reach this extent, then how come we can expect them to keep holding them for longer? Maybe they have sold some of their coins to get some profit and keeping a part of them to see if the price grows higher in future, that is what we all think of all the time.

[calkob]

if you've been using and buying bitcoin since 2012 then you know the overall tendency of price remains. weren't you here when bitfinex got "hacked"? FUD makes price drop, wait a few days, then price continues to move up as it has for the last 3 years.

Yeah i fully understand what actually happens, my question was trying to get at why it happens i suppose.  I guess it is just that people panic and dont see the long term fundamentals that show that bitcoin will be worth far more than the current price eventually. 

[CyberKuro]

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.

Agree, if bitcoin users in China have 90% of total circulation, it's easy to manipulate the market price.
Sell BTC500-5000 will affect on the price obviously.
New comers panic looking at those drops and sell too, not a wise decision.
I only think positively about it, good time for purchase some cheaper bitcoin before it rise over $1000 again.

[chaser15]

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$.

 What are the reasons that make you certain that the price of bitcoin will rise to this figure?

Same questions can applied on why the price will decrease to below $500 or something like that in the future with the status of bitcoin today.

You know even without a solid basis I can shown or technical analysis I can present, bitcoin is definitely going back to what it was reached recently. And it can even passed it. It just needs time as we can't dictate what will be the price after in just analyzing the price behaviour for a short period of time. Bitcoin isn't an alt so better make room for understanding the difference of fluctuations in bitcoin compare to other alts.

[fikihafana]

I just dont get it.  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?

many people selling below $800 because of panic sell, and some of them know nothing about bitcoin future

[darkangel11]

It works like this:
People buy coins at a price, let's say $100. When the price goes up they hold in hope for a larger gain, but when it starts falling back to $100 they sell, afraid to go below, while in fact going to $90 for a month wouldn't hurt them in the long run. This starts a chain reaction, those who bought at $99 think the same and sell at $100, and so on, until we reach the moment when those who sold at $120 and below decide it's a good price to buy back. It may be $90 or 80 or 70, depending on the attitude towards the stock, or coin.

[Huge Black Woman]

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,    do you by any chance know diamond & Silk ?   

Wail, you know.  I gots my Ph.GED in home economics some time ago, an' if'n you gimme 40 cents I can make you a dolla outta it.  Ain't no joke neither.  Catfish fo' dinna tonight!  Mmmm hm.