Serious question. Who SELLS at this level?

[Hfertig]

I believe it is very subjective to the person. You only have seen very high tripple digit prices, hence current prices appear very cheap to you. Me for example have seen Bitcoin at prices as low as USD 2 per coin. Personally I cannot say that any three digit price appears cheap...

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[Whitehouse]

Isn't the objective of a speculative trader to buy LOW and sell HIGH?

I first bought some btc back in November before the massive rush to over $1k.

Now, more than ever is a seriously incredible opportunity to BUY.

How are more people not buying coins at this bargain prices?

Many people are buying at this price. Many people are also selling at this price, and some people are holding waiting to sell at a higher price. There's always going to be a mix of the three at varying levels. Personally I wouldnt selll my coins at the current price simply because I feel it will rise dramatically at some point.

[mano21]

Get rich or die trying.

This captain is going down with the ship no matter what happens.

I think the bear trends will reverse soon enough though.

Just gotta persevere and make it through the tough times.

Entrepreneurs are rewarded for their vision and for seeing a future where others don't.

[DubFX]

everyone is selling if you don't do it you will lose everything after the final capitulation

Ignore this troll, just browse thought his posts and you will see that he is trolling in alot of topics saying that bitcoin is ponzi etc.
And on topic mostly merchants and people who don't have enought nerves for violate market sell their coins, also altcoin IPOs.

[falllling]

everyone is selling if you don't do it you will lose everything after the final capitulation

Ignore this troll, just browse thought his posts and you will see that he is trolling in alot of topics saying that bitcoin is ponzi etc.
And on topic mostly merchants and people who don't have enought nerves for violate market sell their coins, also altcoin IPOs.

just browse thought his posts and you will see he is right since $680, he is asking people to sell in time, who listened to him would have saved more than $200 per coin!

[Paashaas]

why bitcoin stay at $475? because no one want $476 bitcoin (over price)  

since bitcoin is over-price, everyone should sell at this level

Why dont you sell, you bought coins at $497.

$497 buy wall got filled, time to hit $3xx

[w4ssop]

I think that people who sell in the sub $500 value is only a panic seller who doesn't believe in bitcoin.

[datehunter]

I know some traders who are selling everyday because of ethereum, they will regret this decision.

[addroup]

Who sells at this level? Certainly not me, there are much more probability for the price to go up than to go down!

[williamevanl]

Bitcoin is essentially a 12 million row spreadsheet with people paying ~470$ per row to own said row.

Talking about the price of one of these 12 millions rows being overvalued or undervalued at 470$ is complete #@$@@! madness.

[oda.krell]

Bitcoin is essentially a 12 million row spreadsheet with people paying ~470$ per row to own said row.

Talking about the price of one of these 12 millions rows being overvalued or undervalued at 470$ is complete #@$@@! madness.

You're mixing up your metaphors. If it's about "a place, really just any place in the global distributed ledger", then it's actually 12M*100M rows (and 21M*100M eventually.)

If it's about buying 1/12M (21M) * global money supply, well, whether that's ever going to happen is precisely what we're in the process of discovering now, and the answer isn't as obvious to me as it seems to be to you.

[williamevanl]

Bitcoin is essentially a 12 million row spreadsheet with people paying ~470$ per row to own said row.

Talking about the price of one of these 12 millions rows being overvalued or undervalued at 470$ is complete #@$@@! madness.

You're mixing up your metaphors. If it's about "a place, really just any place in the global distributed ledger", then it's actually 12M*100M rows (and 21M*100M eventually.)

If it's about buying 1/12M (21M) * global money supply, well, whether that's ever going to happen is precisely what we're in the process of discovering now, and the answer isn't as obvious to me as it seems to be to you.

For the purpose of my metaphor it's not all that important to me that you can further divide each spreadsheet row.

As for the second part, I think it's important that people abstract Bitcoin up to what it really is so they don't get carried away. "470$ is sooo cheap", for what exactly at this point? A place holder in a public ledger not yet adopted by hardly anyone?

Bitcoin or some descendant of it should make some meaningful impact but it will be like TCP/IP, almost nobody got rich on TCP/IP. People got incredibly rich on the businesses/ideas built on the platform.

[Habeler876]

Isn't the objective of a speculative trader to buy LOW and sell HIGH?

I bought $471 and sold $481. Does that count? To answer your question, traders are selling.... always. In fact, it looks like traders have just been passing money back and forth the past few months, as fiat leaves the BTC economy. (Not saying that won't reverse...)

[sgbett]

everyone is selling if you don't do it you will lose everything after the final capitulation

I am not selling so your "everyone" theory is shot to shit.  And you don't "lose everything" after a capitulation, you lose during.  Get your shit straight scammer.

LOL, falllling is not a scammer, he's just a harmless troll. and a broken record at that. but i'm interested since you are of the Spartan mindset. would you go down with the ship? or is there a price where you'd pack it up and go home?

I'm tied to the mast. YARR.

[madken7777]

Isn't the objective of a speculative trader to buy LOW and sell HIGH?

I first bought some btc back in November before the massive rush to over $1k.

Now, more than ever is a seriously incredible opportunity to BUY.

How are more people not buying coins at this bargain prices?

Either something is fundamentally wrong here and we are heading towards $3xx or a MASSIVE rally is about to pop off.

Lets here what you got to say boys.

Everyone and his dog know the motto buy low and sell high.

The question is why you think it is low right now? And how high is high?

[jbrnt]

I actually beleive there a lot of players who are buying, they are buying in small amounts so not to move the price up too much. They are long term investors or even bankers. So, I am not at all worried by the current "low" prices.

[spazzdla]

everyone is selling if you don't do it you will lose everything after the final capitulation

You keep saying that.. I don't think the word means what you think it does.

[spazzdla]

I actually beleive there a lot of players who are buying, they are buying in small amounts so not to move the price up too much. They are long term investors or even bankers. So, I am not at all worried by the current "low" prices.

Smart cats that control the media, spread FUD for years and buy buy buy buy at a slow undetectable pace then.. BBBBAMZO.. with something like this we might see 1000% gains in a day..  7 billion... several people earn this in 1 year.. 

IMO at the next mining half the rich will strike.

[RodeoX]

Does spending count? Because I spend bitcoin no matter what the price is.

[minerpumpkin]

Simple: People who are afraid that we've now left a path where Bitcoin is going up. People believe we may have left the path that leads us to the next bubble. Some even consider the possibility that something fundamental has changed and Bitcoin is now "doomed" somehow. I think it's wise to at least hedge against these possibilities!