Who is selling?

[Maslate]

Like I get the markets move but is this big wallets, ancient wallets? Who is actually selling? Normie noobs who just got in the market and are spooked by comments?

I dream of the day when alt coins are not tied to the price of bitcoin. Uhg...

For sure, newbies are scared when the market goes down. So it wouldn’t be a surprise to me that a lot of them sold their coins when they saw the market crash. But another thing to look at is the trigger for this action.

A lot of things might have happened to trigger the sale. We have seen people like Elon Musk and the ways they have always tried to manipulate the market with their words. But I don’t look at all these things because I feel like they are meant to happen. The market won’t rise forever, no matter what, there is always going to be a time when it will go down. That’s is it for me.

I can't blame them and it was not surprising that most of them suffer such feelings as they are not really prepared for the market crash. Because what they think first it makes a profit, they always think that price will keep moving high, it wasn't in their mind to think about a market crash. Many are selling for the sake to save their funds, and it wasn't right for me. This gonna be a lesson to learn for newbies, We must not be confident with the market and never, never underestimate the word volatility.

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[newdevices]

Like I get the markets move but is this big wallets, ancient wallets? Who is actually selling? Normie noobs who just got in the market and are spooked by comments?

I dream of the day when alt coins are not tied to the price of bitcoin. Uhg...

Altcoins aren't tied to bitcoin actually , but of course investors are relying on bitcoin price to add investment to their altcoin targets.

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But about those selling? everyone does mate, only strong holder like me keeps the coins inside our possession .

Selling depends when you bought and what's your goal when to sell. It's not so easy to be buy and sell.

hi friend, it's not difficult to sell bitcoin in the market, you can buy and sell in the market,
why should it be difficult?, I really understand because not everyone can do analysis,
and always rely on fomo and fud, of course if it's done continuously then your capital can run out easily

[FanEagle]

I can't blame them and it was not surprising that most of them suffer such feelings as they are not really prepared for the market crash. Because what they think first it makes a profit, they always think that price will keep moving high, it wasn't in their mind to think about a market crash. Many are selling for the sake to save their funds, and it wasn't right for me.

I do blame them because at the end of the day if you think that you are going to keep making profit then you are going to end up being upset as well. I personally make my decisions based on either direction, it could go up or it could go down but I want to be involved and that is why I buy in installments once a week and that way I end up with an average price, I did buy at 58k at highest and I bought at 6.5k at lowest, that is why I am not worried because I know I will keep doing this for a very long time and I have no plan on quitting anytime soon.

It is not that I do not think prices will not go up, I know that it will go up, I just feel like it is not going to go up at all times, it may go up or down so I need to be prepared for something like that. If you feel the same way then just be ready, if they thought that they could profit constantly then they were wrong and they are to blame.

[iv4n]

It is unreality that altcoins are not tied to the price of BTC, let us assume if one day the price of altcoins have nothing to do with BTC, it may be the end of BTC and the end of the crypto market.
When bad news comes out, it's always causing panic, and people sell one by one natually and i think most of them are newbie.

I think they are not so tied up as before! It's all about the pairs on the market... before Bitcoin was the only pair for many alts, now you can trade alt/stable coin pairs!
Reality is one, crypto is a free market! Anyone can choose to buy or sell at any price... whale or a small-time holder/trader, and according to buy/sell orders of the certain pair you can see the market move!
Someone said a long time ago  "do the opposite from what masses do and you will harvest profit all the time"! Don't panic when others do that, use that for your own advantage!

[dunfida]

...I dream of the day when alt coins are not tied to the price of bitcoin. Uhg...

It is possible that this will happen sometime. And when that day comes, what will it change for you? I believe that there is no problem for a trader that the price of altcoins is correlated with the price of bitcoin. This makes it possible to predict the price movement of altcoins by observing the price of BTC.

I do agree on this it's an advantage if both bitcoin and altcoins do correlate in prices and I think it only happens during bull run but sometimes it moves the other way around. This market is so unpredictable even the market fluctuation is impossible to predict precisely.

Only whales can manage to manipulate the market so easily but we have to be ready in case this will going to happen. Doing some TA will help to determine what would be the market's next move.

[Traderbtcc]

Like I get the markets move but is this big wallets, ancient wallets? Who is actually selling? Normie noobs who just got in the market and are spooked by comments?

At this point, I don't know who exactly is selling,noobs have been pushed out of the market since the last crash, right now I guess it's just normal people dumping whenever there's a fud, I don't really seeing anything wrong with that either, not everyone is willing to hold till a coin pumps back up.

I dream of the day when alt coins are not tied to the price of bitcoin. Uhg...

I think you need to stop dreaming cause that's never going to happen whether you like it or not, altcoins will always follow bitcoin price movement.

[blockman]

I think you need to stop dreaming cause that's never going to happen whether you like it or not, altcoins will always follow bitcoin price movement.

He can stop dreaming if he starts looking at the stable coins. They're not tied with bitcoin but they're tied with USD. But that's the reality that we're going to keep seeing that altcoins will always be tied to bitcoin and that's what should everyone has to accept.

This gonna be a lesson to learn for newbies, We must not be confident with the market and never, never underestimate the word volatility.

They shouldn't underestimate it because that's the main characteristic of bitcoin and this market itself. The volatility of the market makes it known and that's why we're also taking those times to consider if should sell or buy because of that main character.

[NewRanger]

I dream of the day when alt coins are not tied to the price of bitcoin. Uhg...

But this is already happening. There are certain exchanges that don't pair tokens with Bitcoin. Those days when I used to trade on Idex (a Dex kind of), tokens were paired with ETH. So, it's not as if it hasn't happened before. Even on some Cex, there are still tokens which aren't paired with BTC. Some have pairs in tether.

although its paired with ethereum , but its price still rellated with bitcoin. we have bitcoin dominance rate that represent the bitcoin power in market. so every altcoin ,paired with bitcoin or not will effected when bitcoin price dumped or pumped.

It is possible that this will happen sometime. And when that day comes, what will it change for you? I believe that there is no problem for a trader that the price of altcoins is correlated with the price of bitcoin. This makes it possible to predict the price movement of altcoins by observing the price of BTC.

bitcoin movement will help us to identity altcoin price,usually its moved parallelly  as long as bitcoin dominance still high.

[tvplus006]

I dream of the day when alt coins are not tied to the price of bitcoin. Uhg...

I think you need to stop dreaming cause that's never going to happen whether you like it or not, altcoins will always follow bitcoin price movement.

Last year, there was already a situation when the price of BTC was growing rapidly, the price of altcoins did not change. Although we are already used to the fact that the price of altcoins follows the price of bitcoin. This happens because investors stop investing in altcoins, because they see that the price of BTC is rapidly increasing and investing in bitcoin will bring a quick profit.

[sarmrakib]

Like I get the markets move but is this big wallets, ancient wallets? Who is actually selling? Normie noobs who just got in the market and are spooked by comments?

I dream of the day when alt coins are not tied to the price of bitcoin. Uhg...

Yes many of us waiting for that day when altcoins get fully independent of bitcoin because there are some potential altcoins who have their own fundamentals that does not depend on bitcoin...but this is the reality today that bitcoin takes other coins up and down along with it.

I have seen always the dominance of bitcoin over altcoin .I think its the usual behave of the market .Altcoin is always follow the trend depend on btc .However there is something exceptional happen as well not all the coin follow like this we have seen many good altcoin get pump even btc is when on downtrend .Its true that new trader and investor always get panicked and make the wrong decision always .

[South Park]

Like I get the markets move but is this big wallets, ancient wallets? Who is actually selling? Normie noobs who just got in the market and are spooked by comments?

I dream of the day when alt coins are not tied to the price of bitcoin. Uhg...

Not only those traders are the ones selling, you need to understand that this market is highly leveraged so when the price goes down a great deal of people not only lose money but they lose everything and they are forced to sell, also it is impossible that altcoins are not going to be tied to the price of bitcoin when they are using its technology and for the most part most exchanges price altcoins on terms of bitcoin and as such you are asking for an impossible thing.

[nowlscor18]

I just sold yesterday, forced to. I hate paying bills close closer to due date in case Bitcoin slides some more than I end up paying even more next week. Am I a weak hand bad guy? =(

I dream of the day when alt coins are not tied to the price of bitcoin. Uhg...

I dream of a day when Bitcoin listing on crypto exchanges will have to be paid for like it is a case with all those other shitcoins. Ugh...

I dream of a day when shit I mean altcoin whitepapers are also only 9 pages and don't use the word "revolutionary".

Also of the day exchanges freeze selling during dumps so we can control prices better.

And so, same I feel, it's disappointing when value drops steadily while at the same time bills have to be paid, it's really annoying, sold too because it getting worse all the time and I hope this gonna stop, selling it out doesn't mean you are really a weak hand, things have to be done on the physical side.

Everyone is being disappointed when they sell their crypto coins when the price drops. Some of them are just being forced for they just need a money for some purposes. Some of them sells it because they achieved their goals on their coins. They sell their coins too early and they might be feel disappointed on the future when they will see how each coins increased their prices in crypto market.

[Oceat]

Like I get the markets move but is this big wallets, ancient wallets? Who is actually selling? Normie noobs who just got in the market and are spooked by comments?

I dream of the day when alt coins are not tied to the price of bitcoin. Uhg...

Not only those traders are the ones selling, you need to understand that this market is highly leveraged so when the price goes down a great deal of people not only lose money but they lose everything and they are forced to sell, also it is impossible that altcoins are not going to be tied to the price of bitcoin when they are using its technology and for the most part most exchanges price altcoins on terms of bitcoin and as such you are asking for an impossible thing.

It seems like there are a bunch of weak-hands guys there that doesn't know how to hodl their Bitcoin for a long time. Why such in a hurry when you can earn more if you wait and hodl patiently until the right time to sell. I can't understand these people investing Bitcoin yet leave after they saw the price plummet like it has been 10 years already and most of you all are afraid of losing like hell Bitcoin would dump back to $1 each Bitcoin, I will definitely buy more if Bitcoin drops back to $1.

People are too afraid to risk of holding instead they just dump it straight back to the merchant/exchanges.

[fullhdpixel]

Like I get the markets move but is this big wallets, ancient wallets? Who is actually selling? Normie noobs who just got in the market and are spooked by comments?

I dream of the day when alt coins are not tied to the price of bitcoin. Uhg...

Not only those traders are the ones selling, you need to understand that this market is highly leveraged so when the price goes down a great deal of people not only lose money but they lose everything and they are forced to sell, also it is impossible that altcoins are not going to be tied to the price of bitcoin when they are using its technology and for the most part most exchanges price altcoins on terms of bitcoin and as such you are asking for an impossible thing.

You are right a huge part of crypto traders are trading futures and leveraged trading and when price drops their coins are liquidated unless they can deposit more and more funds.

The altcoins tied to bitcoins is a curious discussion and although all the exchanges have altcoin/BTC pair, I think once a particular altcoin reaches a status such that they can be traded alone, they should not be dropping based on the BTC market. You may consider USDT, it is although centralized and hence controlled but never drops a shade even during the biggest crashes so sort of operates in isolation despite the market moving both ways.

Even USDT has a BTC pair, but it does change based on how BTC moves instead of based on how USDT moves. It's complicated and I think Ethereum might be the closest non-stable altcoin that can achieve the status of not being influenced too much by BTC crashes and bull runs.

[jasonjm]

Majority of retail investors and new comers are selling their coin to cut the loses. They bought the coins as a short term investment purpose but now as the market continues its correction cycle they are panic selling. Crypto investment is suitable only for the strong hearted people.

[crzy]

Majority of retail investors and new comers are selling their coin to cut the loses. They bought the coins as a short term investment purpose but now as the market continues its correction cycle they are panic selling. Crypto investment is suitable only for the strong hearted people.

Those who cut losses are the real seller here and of course the whales are also selling just to put much pressure in the market and put the price down so they can have more in time. On a bear market there’s always a winner and a loser, so which side do you want to go? I’d rather cut my losses and buy later on be more strategic.

[senyorito123]

Like I get the markets move but is this big wallets, ancient wallets? Who is actually selling? Normie noobs who just got in the market and are spooked by comments?

I dream of the day when alt coins are not tied to the price of bitcoin. Uhg...

Most popular market pair nowadays we're really tied up with bitcoin seriously, and if that dream would come to reality I don't think altcoins will gain power as much as bitcoin does. Hype only helps alt to go upward and after that everything will fall when it reaches the top. Just like what happened with my shitcoin last 2017, I failed to sell because of wrong motivations.

[cryp24x]

Like I get the markets move but is this big wallets, ancient wallets? Who is actually selling? Normie noobs who just got in the market and are spooked by comments?

I dream of the day when alt coins are not tied to the price of bitcoin. Uhg...

Most of the time when Bitcoin goes up or down in the market, the majority of the altcoins always followed by it.
Just like what happened recently when Bitcoin went up to 50k$ to 60k$ price, if you notice most of the altcoins got pumped their
price as well in the market, then when Bitcoin began to decreased its price the majority of the altcoins also went down their price too,
just like what happened to Dogecoin, Shiba inu, Cake, Bnb and more something like that. Meaning, it is still the whale investors is the main
reason for this matter anyway.

[Benefactor]

Trades would need to roll out specific improvements changes starting from the earliest stage to eliminate that impact. Something else, it's simply going to be there. So I surmise this is a greater amount of them doing their ordinary selling-low everyday practice. This is presumably in response to certain FUD being passed around. This is most presumably similar whales and informal investors attempting to check whether they can push the cost down somewhat more to get some less expensive coins or possibly some of them had a few shorts they needed to fill which has flopped up until now and they've been losing cash.

[perfect999]

Most popular market pair nowadays we're really tied up with bitcoin seriously, and if that dream would come to reality I don't think altcoins will gain power as much as bitcoin does. Hype only helps alt to go upward and after that everything will fall when it reaches the top. Just like what happened with my shitcoin last 2017, I failed to sell because of wrong motivations.

I think the reason why altcoins fall harder than Bitcoin is not something that has to do with them being tied to bitcoin or not. There are so many coins these days that are not tied to bitcoin. If you’re check their correlation with bitcoin you will noticed that they 0% correlates with Bitcoin, but still you will see these coins and they will be doing really well and their prices will be increasing even at a time the market seems to be bad.

As for the reason why altcoins falls harder than Bitcoin, I think this is something that has to do with Bitcoin's stability as the number one reason. Since a lot of people views Bitcoin as the most stable cryptocurrency, they tend to move their funds to Bitcoin when the market is falling.