[2018-11-20] Crypto Investors Who Bought Bitcoin at $1,000 are Now Starting to

[Lucius]

hummm... no offense but that does not make sense, people had many chances to sell when the price was too high and fell a lot, why would people wait months before the price drops to $ 6000 to sell? does not make sense, see there is still good news for the future so I again ask: why would people sell for $ 6000 when they could expect the price in the future to be higher? when price falls it always has theories about the cause of the price fall

It makes sense, some of them are scared that price could fall further down and they just want to ensure to get they investment back with some profit. If you buy at 4000$ and price is very close to that point with great possibility to fall below that point, would you sell or hold ?

I do not know about what good news for future you are talking about, nothing big is not on the horizon - a sure thing that will surely happen is halving somewhere in the middle of 2020. Maybe people are counting on ETF, but this is something totally unpredictable and it may take years to become a reality. The rough reality is that long winter is knocking at the crypto door, some people flee to warmer assets for the time being.

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[Betwrong]

Shame on you, CCN, for spreading FUD in days like these.

They are just making article around statements of Michael Moro, Genesis Global Trading CEO. We do not know if CCN contact him or it was the other way around. I see this as PR for Genesis Global Trading, they probably pay for this and we all know that crypto related news portals usually write articles of very questionable quality and often some half-truths stories.

At the end of the day the only thing that matters is how much they have earned, future of cryptocurrency is not their main goal.

Yes, I thought so too. I personally have never heard of Michael Moro before this article, and it looks like it's not about me only. The guy has 949 followers on twitter, not that much, right? Probably Genesis Global Trading has decided recently to promote themselves more than before. There was another article about them on Cointelegraph in October, stating that "total cash flow reached $553 million for all supported assets" on the platform in the first six months of operating. I don't know if that's a true volume or a pumped one, but anyway, this guy, Michael Moro, is definitely not a thought leader of the crypto world to make an article about his thoughts on the current situation.

[Elijah Jackson]

They did nothing when they could and now they look like an angry cock which can't do anything with his helplessness.

[jeromix]

Well I do not think that this is right because those individuals that are owning bitcoin when its market price is cheap probably has sold it already when the 2017 bitcoin market price has reach its peak which is 19K USD per bitcoin. However, it may seem too possible also that there are some investors that are still holding their bitcoin for a long time and seeing now that bitcoin has come nearer to the amount the bought during the last few years.