People who bought BITCOIN at $1000 are now starting to sell, CCN article writes

[bchain22]

Michael Moro, who is a CEO of a major crypto trading company, talks about how people who bought into Bitcoin at the beginning of 2017 at $1000, are now starting to sell their coins. Is this an indication of massive FUD? Is this the time where we should buy and take advantage of the FUD sellers?

When did you guys first buy Bitcoin, what was the price of BTC and are you going to panic sell now?


Source: https://www.ccn.com/crypto-investors-who-bought-bitcoin-at-1000-are-now-starting-to-sell/

[Luchinono]

News such as this in my opinion is basically to spread panic,i honestly think we should ignore such statistics/information..

When did you guys first buy Bitcoin, what was the price of BTC and are you going to panic sell now?

I bought my first BTC in the first month of this year,and I'm still hodling till now, I definitely am not panic selling just yet

[dothebeats]

If that's the case then I guess they're pretty dumb in calling it out for profits. I only bought @ $4000-ish range last year after selling my previous stash at $2900 and sold those newer ones at around $18-$19k a piece. I am not that dumb and greedy to wait for everything to depreciate in value before I sell and call it a nice decision. This is yet another solicited, fear-mongering article just to prolong the bleeding of the market. So far, these tactics are working and as we see, a sharp $2000 decline happened in a span of a few days.

[DeathAngel]

Nice try CNN, I bought nearly all of mine below $1000 & I’ve only sold about 10%. Definitely holding through to after the next halvening. There will be fireworks then.

[buwaytress]

By that mathematical logic, people who bought Bitcoin at 4k would have sold at 16k (they didn't). I'm not sure those sell offs are from coins bought at any particular price range, rather they belong to particular types of owners. The kind who probably didn't buy in at $1000.

@Luchi: I didn't buy any but certainly I've been earning virtually all my income no longer in fiat, so in a sense, I've been buying in at every price Bitcoin's ever been at. Good to see guys like you digging in and gritting it out. This wild chatter of capitulation is making me feel good.

[Yara1]

This news is base on assumption and at that it base on individual thought about the whole situation, I bought my bitcoin toward the end of 2017 when the price was high and am still hodling I don't give in to FUDS after all we are all aware of the volatility of the market before investing in it.

[20kevin20]

FUD. One who has been around for a while knows how this kind of "articles" pop up every single time there's a BTC drop. If you truly believe in the cryptocurrency revolution and check the recent news about the adoption of it, you will know this isn't the first, nor is it the last drop Bitcoin will ever have and it's a normal kind of cycle and volatility in the crypto world. The stable volume we recently had was not normal and I honestly expected a big spike or a big dump. I bought at high prices but I don't mind - as the price drops, I keep buying and my average purchase price is starting to look pretty sweet. Those who bought at $1k and are selling now must be those who get scared after reading an article like the one you gave us in your OP. We've seen big, and I mean BIG players withdrawing a lot of BTC out of Binance to their wallets before this drop. A super-rich guy wouldn't blindly make this huge move.

This kind of FUD doesn't affect me anymore, nor does it affect most older members of the crypto community. It's always been this way. Don't follow others, follow your own thoughts and guts.

[Planeparke]

It surely is an indication of massive FUD. But the way things are going who wouldn't panic? I would panic if I had some bitcoins right now and reading this might even make me sell considering that these guys are early investors and so must have so much experience... For new investors i don't think this is a good time to buy. For me I would just sit, watch and hope that things get better. But isn't taking risks part of this?

[timmydakolo2]

Michael Moro, who is a CEO of a major crypto trading company, talks about how people who bought into Bitcoin at the beginning of 2017 at $1000, are now starting to sell their coins. Is this an indication of massive FUD? Is this the time where we should buy and take advantage of the FUD sellers?

When did you guys first buy Bitcoin, what was the price of BTC and are you going to panic sell now?


Source: https://www.ccn.com/crypto-investors-who-bought-bitcoin-at-1000-are-now-starting-to-sell/

The FUD is all over investors are panicking selling off bitcoin has gone down beyond expectations, are we coming back or let's say the prediction of it hitting $2,000 is happening because many are scared of the market now BLOODBATH.

[aad140386]

In general, I noticed that lately there has been a serious negative pressure on cryptocurrency from various press and people who call themselves cryptocurrency experts. Perhaps this way from the market trying to squeeze out extra passengers. Those ordinary investors are inclined to sell cryptocurrency at the current price scaring that things will only get worse. I do not know how anyone, but I will continue to keep my crypto. I am ready to wait another couple of years, because I sincerely believe in the future of cryptocurrency.

[MainIbem]

Certainly, the early buyers of bitcoin and other altcoins do not have the development of the technology in mind, but only profits. As the markets continue the correction, it will stabilize and I am sure they will jump back.

[RonF]

I  doubt it.  I bought several years ago alot of bitcoin for between $250 and $400 each.  Even now this has been a tremendous investment which I am HODLing after buying for cash totally a new house, 40-acres of land, new tractor, wood stove, furniture, Amish barn.

All the remaining bitcoin and bitcoin cash (which I got for free in August) I hodling.

[boyptc]

Just another FUD, here comes the mainstream media. Trying to report something that can affect everyone's emotion. Of course, people who bought during $1,000 has a better space to sell at any price that we want.

They are mindsetting and every time they talk about "selling", it's just another signal for everyone to start buying.

[RonF]

Here is the key to becoming and staying rich:

1)  Buy when nearly all are selling.
2)  Sell when nearly all are buying.

There you go.  Your welcome.

[btyco]

So those people that bought at 1000 dollars decided $5000 is a better time to cash out rather than any time throughout the year like when bitcoin was at $7000. This is pure fud

[Juggy777]

Michael Moro, who is a CEO of a major crypto trading company, talks about how people who bought into Bitcoin at the beginning of 2017 at $1000, are now starting to sell their coins. Is this an indication of massive FUD? Is this the time where we should buy and take advantage of the FUD sellers?

When did you guys first buy Bitcoin, what was the price of BTC and are you going to panic sell now?


Source: https://www.ccn.com/crypto-investors-who-bought-bitcoin-at-1000-are-now-starting-to-sell/

This has fud written all over it, those people did not sell when it was 20k, now suddenly why will they sell it when it's the perfect time to dip in and accumulate at all dips. I had brought in parts in end of 2016, I moved out a bit when it rallied up, but just cause it's come I'm not going to sell, this is the worst time for selling your coins. I would strongly urge people to hodl on to your coins, just a bad phase it to shall pass.

[avikz]

Michael Moro, who is a CEO of a major crypto trading company, talks about how people who bought into Bitcoin at the beginning of 2017 at $1000, are now starting to sell their coins. Is this an indication of massive FUD? Is this the time where we should buy and take advantage of the FUD sellers?

When did you guys first buy Bitcoin, what was the price of BTC and are you going to panic sell now?


Source: https://www.ccn.com/crypto-investors-who-bought-bitcoin-at-1000-are-now-starting-to-sell/

I can't deny the fact that people are selling out of panic because the time is hard and unpredictable! The way way bitcoin price came down to the current level from 6500 level, is indeed a trigger for the panic! So who have just invested in bitcoin to make good amount of profits, they will sell their positions and take whatever profits they can! I usually don't consider them as a supporter of cryptos. They are just investors and joined the market just to make money!

I accumulated majority of my holdings when the price was at $450, so I am still in huge profit! I'm sure that I'm not going to panic sell, at least not at this moment for sure!

[lionheart78]

Lol CNN getting involved to FUD the market?  I doubt you can get the statistics that those who bought at 1000 dollars are selling now, that is just a mere thought, no fact behind.  Those who bought at 1000 dollars had sold their holding when Bitcoin is on its way to its ATH last year.  Remember the spike in price last year does not happen in just one day so there are plenty of room for the holders to sell at a profit last year and even during the decline this year.  So I guess this is just adding salt to the wound.  FUD is so strong, an indication that there is someone behind this and that Bitcoin is preparing to skyrocket again.  BAKKT even moved to January next year, so yeah, they decided to move it so that they have plenty of time to buy cheap bitcoin.

I had BTC when it was around 200 USD, sadly I was just a small time trader back then so i sold it when price goes up and now works and get paid with cryptocurrency and changed it to bitcoin, so like buwaytress,

I didn't buy any but certainly I've been earning virtually all my income no longer in fiat, so in a sense, I've been buying in at every price Bitcoin's ever been at.

[funchiestz]

Then they didn't know anything about the market. I think they could sell when BTC was 18-20K. So if they start right now, they will loose.

[Kakruzo12]

A very funny thing to read such "news." Of course someone can get afraid of the current situation and sell, or maybe just because of the need of money and the inability to get money from other sources, but the fact is that prices are now relatively low to sell, especially if you bought at 1k and still have good profits.