Who is selling Bitcoin?

[freightjoe]

Everyone in here is desperate to convince each other the Bitcoin can only go up and therefore you have to buy and hold.

But when you buy Bitcoin, someone is selling it to you.

Why are people selling Bitcoin?


The knowledgeable people are the ones who are now slowly selling out before the bubble bursts. When you are now buying more and more Bitcoin ("investing" as people in here call it) who do you think you are buying them from?

You are buying from the knowledgeable people who are slowly getting rid of their Bitcoin.

[Xavofat]

Well, the same thing is happening all the time (an equal amount of BTC is being bought as the amount that's sold).  It's hardly a relevant observation. 

All we know is that right now,  the market regards 1 BTC to be worth about $7,750.  Whether or not you think that's justified is another matter (actually, I agree that it's not justified) but don't just use the existence of supply and demand to try and justify it, because that always applies.

Everyone in here is desperate to convince each other the Bitcoin can only go up and therefore you have to buy and hold.

I'm not.

[freightjoe]

Well, the same thing is happening all the time (an equal amount of BTC is being bought as the amount that's sold).  It's hardly a relevant observation. 

All we know is that right now,  the market regards 1 BTC to be worth about $7,750.  Whether or not you think that's justified is another matter (actually, I agree that it's not justified) but don't just use the existence of supply and demand to try and justify it, because that always applies.

Everyone in here is desperate to convince each other the Bitcoin can only go up and therefore you have to buy and hold.

I'm not.

Supply and demand is not the relevant question. The relevant part is WHO is buying and selling. And when you see the amateur-investors, which this forum is filled with, taking the buy side in a naive vision that Bitcoin can only go up - and the clever larger investors slowly selling their Bitcoin - you know the party is about to end.

[Xavofat]

when you see the amateur-investors, which this forum is filled with, taking the buy side in a naive vision that Bitcoin can only go up

Notably, it's a lot harder to gauge how many people (and which people) are getting caught up in this bubble than you think.

The forum users here are not the most reasonable.  A lot of them aren't actually investors, they're spammers.  And r/bitcoin is extremely censored, so it's quite difficult to post directly opposing arguments.

You can't gauge the huge amount of people (arguably most of them) that are not on this forum or on Reddit at all.

[mk4]

Why are people selling Bitcoin?

Because even though no matter how bullish you are on bitcoin, some people are still going to need fiat; probably to pay for bills, to buy random stuff, to pay for some sort of emergency, because they are short on fiat, those stuff. Deal with it, bitcoin isn't used enough(especially in 3rd world countries) that you can live with bitcoin alone. We still currently need fiat to pay most stuff.

[o_e_l_e_o]

Everyone in here is desperate to convince each other the Bitcoin can only go up and therefore you have to buy and hold.

But when you buy Bitcoin, someone is selling it to you.

Why are people selling Bitcoin?


The knowledgeable people are the ones who are now slowly selling out before the bubble bursts. When you are now buying more and more Bitcoin ("investing" as people in here call it) who do you think you are buying them from?

You are buying from the knowledgeable people who are slowly getting rid of their Bitcoin.

You can say the same thing about any stock, share, gold, silver, precious metals, gemstones, etc, etc. If someone is buying, someone is selling. Is everything a bubble? Obviously not.

[freightjoe]

You can say the same thing about any stock, share, gold, silver, precious metals, gemstones, etc, etc. If someone is buying, someone is selling. Is everything a bubble? Obviously not.

If you for example see shares in a company going up in value when the large investors and owners are selling out to small ignorant new investors, then yes that is a clear sign of a bubble

[nappoleon]

It could be any person with any reason, and you just actually assumed that everyone is desperate, that is where your arguments becomes flawed. Seems like almost everything to you is a bubble.

[HeRetiK]

[...]

Why are people selling Bitcoin?

[...]

To buy more bitcoins whenever a correction happens and newcomers drop theirs

In all seriousness though: I guess diversification and risk management. Even if you are bullish about the long term prospects of Bitcoin it would be foolish to stay within one asset class and keep all your eggs in one basket. At least that's how I would think.

Supply and demand is not the relevant question. The relevant part is WHO is buying and selling. And when you see the amateur-investors, which this forum is filled with, taking the buy side in a naive vision that Bitcoin can only go up - and the clever larger investors slowly selling their Bitcoin - you know the party is about to end.

For the most part the sentiment still looks relatively sane with little euphoria though -- I guess people have gotten mostly used to the current price levels? -- question being how strong the panic sets in once the next correction comes. You probably could correlate how low it will go with the amount of panic posts in the speculation boards.

[sumangs]

People sell bitcoin to use it from offline transactions since some stores haven't develop online marketing. Some are selling for trading, making a profit out of buying some stocks and sell it for a purpose of getting more money.

[Fujiati]

Everyone in here is desperate to convince each other the Bitcoin can only go up and therefore you have to buy and hold.

But when you buy Bitcoin, someone is selling it to you.

Why are people selling Bitcoin?


The knowledgeable people are the ones who are now slowly selling out before the bubble bursts. When you are now buying more and more Bitcoin ("investing" as people in here call it) who do you think you are buying them from?

You are buying from the knowledgeable people who are slowly getting rid of their Bitcoin.

bitcoin is equal to gold. the total supply is already the same as the gold, the gold in the world, so it causes the high price, the more buy the higher the bitcoin price, the people sell the bitcoin for profit, after which they will buy below their price sell then sell again, and so on, the same as people sell gold in the real world but this is in the world of cryptocurency

[Harlot]

It is a common practice in trading that if no one is selling their asset on the current offered price the buyers have no choice but to increase their offer until a seller has match the price that is offered, the same thing can happen to when the price is decreasing now the power will now be in the hands of the buyers as they are the once who are determining the price they want to buy your offload shares. Not everyone has the same mindset and some are selling now because maybe the price of Bitcoin at 7000$ is their target price.

[Tony_Nguyen]

Everyone in here is desperate to convince each other the Bitcoin can only go up and therefore you have to buy and hold.

But when you buy Bitcoin, someone is selling it to you.

Why are people selling Bitcoin?


The knowledgeable people are the ones who are now slowly selling out before the bubble bursts. When you are now buying more and more Bitcoin ("investing" as people in here call it) who do you think you are buying them from?

You are buying from the knowledgeable people who are slowly getting rid of their Bitcoin.

There are many reasons but basically price of BTC is up and down. People will sell high and buy again when the price decrease. Some others want to cash out to avoid risk.

[xx-man]

It could be any person with any reason, and you just actually assumed that everyone is desperate, that is where your arguments becomes flawed. Seems like almost everything to you is a bubble.

I think he does not understand a Bitcoin trade, so from that he gives an argument that makes people think little about it, for him the bubble is a great advantage to get everything.

[carcassone]

people could sell btc for a lot a reason that could be also truly different between. like you can sell btc because you need money, or you think price could grow anymore. the only reason people choice to sell is related the high value of the last days, you know when btc hit the top, it's pretty normal the price trends to downgrade a little bit.

[oaz7t]

In the current scenario most of the people are using bitcoins as commodity /stocks in the market, since its less popular as a currency due to very high value and less facilities to utilise worldwide. Again the bitcoins mining is getting tougher day by day due the built in technology, so the generation of new bitcoins is lesser as compared to previous years.
 So only those persons can sell it whoever have purchased it previously, for any reason.

[ottokoester]

I think that your question is: Who is controlling the Bitcoin? And who will regulate the development of Blockchain?
Maybe, you are trying to discover the direction of the Blockchain Development and how the mother of this processes will survive in this JUNGLE!

Everyone in here is desperate to convince each other the Bitcoin can only go up and therefore you have to buy and hold.

But when you buy Bitcoin, someone is selling it to you.

Why are people selling Bitcoin?


The knowledgeable people are the ones who are now slowly selling out before the bubble bursts. When you are now buying more and more Bitcoin ("investing" as people in here call it) who do you think you are buying them from?

You are buying from the knowledgeable people who are slowly getting rid of their Bitcoin.

[freightjoe]

I think that your question is: Who is controlling the Bitcoin? And who will regulate the development of Blockchain?
Maybe, you are trying to discover the direction of the Blockchain Development and how the mother of this processes will survive in this JUNGLE!

Greed is controlling bitcoin now

[Zorbak]

When you buy someone it is selling to you  that is for sure as any market.

In your post you assume that BTC it is a bubble which I really disagree.

Why people sell? Because they want to book profits, that is all, same with people who sell silver when it is in top and buy in the dip again to sell it later again.

[Fahim]

I use bitcoins to participate in some ICO. I buy some other coins for bitcoin. Soon Christmas holidays. If I do not have enough money, then I will sell some of the crypto currency.
Although I know some mean people. Oh, you know, they will starve, but they will never cash their savings.