Why do you people sell at these price?

[sbrzol]

I am hodling until 370 , if bitcointalk did not exists then i would have at least 2 times more btc than now,thx for it  
Nobody knows why the price keep falling, and nobody wants to investigate it deeply,
I am sure that the price will fall more perhaps until 300, and i hope it want it too,
at levels above 500 i dont want it to drop lower, but now i dont care
so i am the next weak hand (i bought my first coin at $4, last about : $15)   in your context,
so it is time for me to dumping 500-1000 btc at about 370$ and buy back lower, it is time to accumulate more coins
i dont care if i will lost 5%-15% (buying back higher, if i am not here at the jump) ,
but i wont sit on my ass and watch btc going lower and lower
how many times i say to myself it wont go lower, it cant go lower

(i promised my sister i will pay back her mortgage , this was last winter , so it is very frustrating )

and the price is really matters ,  
when millions of average joe  look at the price and see it is lower $500, earlier they heard in the news (from their freinds , etc. ) that it was above $1000
so their final conslusion will be it is a scam, it is crashed,  wont look back bitcoin until it will reach again $1000 (on the news)

you cant convince avarage joe to use/buy bitcoin now
you cant convince me at this stage to buy more bitcoins  despite i am here at least 1,5 years , cos i do not see it could go back above $600 (in this year)

if bitcoin is so fantastic then i think there should be at least 1000-5000 billionaires to buy only 1000 bitcoins.   (1.000.000-5.000.000 btc)
(only about 10.000 people can own 1000 BTC, and how many billionaires on earth right now? 1000 btc at $400-1000 is nothing to them,
but the potential it will be worth 10-100 more is much higher then it will be 0, so where are these billionaires?   eft ?  why wait until them?  to buy higher if its starts? )

[desticy]

No one wants to sell, just some Future Exchanges doing a frenzied short!
Some Chinese Exchanges has launched 50:1 even 100:1 leverage!!

[mralbi]

most "big" buyers I know are currently buying outside of the exchanges while all merchants and the huge mining farms cause selling pressure.

[MrPiggles]

I am hodling until 370 , if bitcointalk did not exists then i would have at least 2 times more btc than now,thx for it  
Nobody knows why the price keep falling, and nobody wants to investigate it deeply,
I am sure that the price will fall more perhaps until 300, and i hope it want it too,
at levels above 500 i dont want it to drop lower, but now i dont care
so i am the next weak hand (i bought my first coin at $4, last about : $15)   in your context,
so it is time for me to dumping 500-1000 btc at about 370$ and buy back lower, it is time to accumulate more coins
i dont care if i will lost 5%-15% (buying back higher, if i am not here at the jump) ,
but i wont sit on my ass and watch btc going lower and lower
how many times i say to myself it wont go lower, it cant go lower

(i promised my sister i will pay back her mortgage , this was last winter , so it is very frustrating )

and the price is really matters ,  
when millions of average joe  look at the price and see it is lower $500, earlier they heard in the news (from their freinds , etc. ) that it was above $1000
so their final conslusion will be it is a scam, it is crashed,  wont look back bitcoin until it will reach again $1000 (on the news)

you cant convince avarage joe to use/buy bitcoin now
you cant convince me at this stage to buy more bitcoins  despite i am here at least 1,5 years , cos i do not see it could go back above $600 (in this year)

if bitcoin is so fantastic then i think there should be at least 1000-5000 billionaires to buy only 1000 bitcoins.   (1.000.000-5.000.000 btc)
(only about 10.000 people can own 1000 BTC, and how many billionaires on earth right now? 1000 btc at $400-1000 is nothing to them,
but the potential it will be worth 10-100 more is much higher then it will be 0, so where are these billionaires?   eft ?  why wait until them?  to buy higher if its starts? )

lol wut

[sbrzol]

most "big" buyers I know are currently buying outside of the exchanges while all merchants and the huge mining farms cause selling pressure.

big buyers?  10-100 BTC ?

1000-10000 is big buy  , where are those bitcoins from  if not from miners ?    ("huge mining farms cause selling pressure."    you mean on exchanges )

bitpay, coinbase ?  and if so,  why there is none of average joe who works for them make a story about it, that bitpay sells thousands of bitcoins to big buyers "offilne" .

Earlier i also said that  otc buying and exchange selling can cause price falling but there is no evidence , and nobody wants to give evidence,
so nobody wants that the price  rise again

[yokosan]

The main reason for the price drop is not the miner dump, but not enough capital flow into Bitcoin to absorb the 3600 BTC created daily. The miners have to pay their bill in fiat, so they have to sell.

No, that is silly. There are at least 100k bitcoins changing hands daily. Even if all miners sold at these prices (which they don't) it will be just a drop in the overall volume. The amount of people who sell at the yearly lows and take fiat to never buy bitcoin again is tiny. Most sellers now wait to rebuy lower; at the first signs of confirmed reversal they will all jump in.

This guy.

He gets it.

[inca]

The main reason for the price drop is not the miner dump, but not enough capital flow into Bitcoin to absorb the 3600 BTC created daily. The miners have to pay their bill in fiat, so they have to sell.

No, that is silly. There are at least 100k bitcoins changing hands daily. Even if all miners sold at these prices (which they don't) it will be just a drop in the overall volume. The amount of people who sell at the yearly lows and take fiat to never buy bitcoin again is tiny. Most sellers now wait to rebuy lower; at the first signs of confirmed reversal they will all jump in.

This guy.

He gets it.

Yeah it isn't the little guy driving this decline.

[oda.krell]

I would like get an insight into why people sell their BTC at these prices? In order for the price to go down, there needs to be somebody willing to sell. Since dumping at these prices is a REALLY, REALLY stupid thing to do, I would like to know who is so smart to sell at these prices and why? Are you people allergic to money or what?

I'm seriously puzzled by this way of thinking. Not trying to be a dick here, but how can you (with a straight face) say "don't you *like* money? why would you sell now?"... The answer is in the charts: Downtrend for more than half a year now. Getting pretty close to one full year in fact. Latest attempt to break that cycle (the June rally) completely and utterly failed. Making new local lows in fact, and getting damn close to the previous capitulation bottom.

So, that doesn't mean it's the recommended or "rational" thing to do, to sell now. If you believe there's going to be another price surge, sit tight, and don't sell. But it certainly doesn't appear to me that it's irrational either to sell now - if you think Bitcoin is going nowhere but down, or even if you just think we're going to see another 6 months of bear market, it makes perfect sense to sell.

[mralbi]

most "big" buyers I know are currently buying outside of the exchanges while all merchants and the huge mining farms cause selling pressure.

big buyers?  10-100 BTC ?

1000-10000 is big buy  , where are those bitcoins from  if not from miners ?    ("huge mining farms cause selling pressure."    you mean on exchanges )

bitpay, coinbase ?  and if so,  why there is none of average joe who works for them make a story about it, that bitpay sells thousands of bitcoins to big buyers "offilne" .

Earlier i also said that  otc buying and exchange selling can cause price falling but there is no evidence , and nobody wants to give evidence,
so nobody wants that the price  rise again

no sorry, you got me wrong. Bitpay etc are for sure selling ON exchanges and this is why are causing selling pressure there.

and "big" was intentionally in """". And yes for average Joe 500 BTC simply is a big buy, but this is not ON the exchanges.

[FNG]

I  sold(spent) $5 today for a gig on fiverr..sorry guys

[shogdite]

It's painful selling at this low price but I have to sell most of the btc I earn as I'm currently unemployed. If I had a job with no debts I wouldn't sell a single satoshi

[Rampton]

I would like get an insight into why people sell their BTC at these prices? In order for the price to go down, there needs to be somebody willing to sell. Since dumping at these prices is a REALLY, REALLY stupid thing to do, I would like to know who is so smart to sell at these prices and why? Are you people allergic to money or what?

Maybe because people are fickle and stupid? I can't understand why most people sell at all right now. If people held their coins for a little while I'm sure they'll double in value again eventually.

because they need the money or simply because they think it is going to go lower

They won't be able to see a return on investment if the price keeps going down. Electricity bills arent going to get any cheaper.

[Teppino]

 being sure of where this market is going is not that bright either

and yes, i call myself on this too

[600watt]

I've got just over 10 BTC.

I'll be honest, I bought most of my coins at around 600 USD, I'm not happy right now, every day the price seems to go down lately.

I don't have any desperate need for the money now, I know it's a long game & I will hoard for years but it's looking pretty shit right now.

in 2011 i bought 100 coins for $ 3000 right at the top of the most epic bubble ever. prices fell for 18 months. even now, at a very desperate phase, when people say btc is dead, i still made more than 1000% profit. stay strong. it will pay out.

[Rampton]

I've got just over 10 BTC.

I'll be honest, I bought most of my coins at around 600 USD, I'm not happy right now, every day the price seems to go down lately.

I don't have any desperate need for the money now, I know it's a long game & I will hoard for years but it's looking pretty shit right now.

in 2011 i bought 100 coins for $ 3000 right at the top of the most epic bubble ever. prices fell for 18 months. even now, at a very desperate phase, when people say btc is dead, i still made more than 1000% profit. stay strong. it will pay out.

I would agree with you, but this is never a certainty. There's always going to be a peak at some point which it will never return to. You also must remember that the previous btc high was likely due to fake trades resulting from the gox fiasco which artificially inflated the price so it's possible we may never see those prices again, but I hope this isnt the case.

[sbrzol]

I've got just over 10 BTC.

I'll be honest, I bought most of my coins at around 600 USD, I'm not happy right now, every day the price seems to go down lately.

I don't have any desperate need for the money now, I know it's a long game & I will hoard for years but it's looking pretty shit right now.

in 2011 i bought 100 coins for $ 3000 right at the top of the most epic bubble ever. prices fell for 18 months. even now, at a very desperate phase, when people say btc is dead, i still made more than 1000% profit. stay strong. it will pay out.

i am strong, and i am weak too, i think it will go lower , so it is time to me accumulate more coins, sell now (about 370) and buy back later
(i dont care if i will lost 5%-15% (buying back higher, if i am not here at the jump) ,
but i wont sit on my ass any more (i think 8 month was enough about it ) and watch btc going lower and lower without any reason despite of good news
how many times i say to myself it wont go lower , it cant go lower, 5-10 times ?  )

[jvol]

dont you think that some of us need cash ? and selling just for that.

[raid_n]

I've got just over 10 BTC.

I'll be honest, I bought most of my coins at around 600 USD, I'm not happy right now, every day the price seems to go down lately.

I don't have any desperate need for the money now, I know it's a long game & I will hoard for years but it's looking pretty shit right now.

in 2011 i bought 100 coins for $ 3000 right at the top of the most epic bubble ever. prices fell for 18 months. even now, at a very desperate phase, when people say btc is dead, i still made more than 1000% profit. stay strong. it will pay out.

i am strong, and i am weak too, i think it will go lower , so it is time to me accumulate more coins, sell now (about 370) and buy back later
(i dont care if i will lost 5%-15% (buying back higher, if i am not here at the jump) ,
but i wont sit on my ass any more (i think 8 month was enough about it ) and watch btc going lower and lower without any reason despite of good news
how many times i say to myself it wont go lower , it cant go lower, 5-10 times ?  )

People don't want to face the facts but we are currently playing a game of Musical chairs.
How many of you want to truly exit the market and how many are in it to accumulate more coins?
The reality is that it is impossible for both you and the guy who shorted/sold at the top of the bubble to increase your holdings unless there is someone else who eventually loses out.

It is wildly amusing to see predictions of double or single digit coins. With the current acceptance at larger retailers a market cap that comes with single digit coins makes bitcoin virtually useless.
Any larger purchase would completely screw up supply and demand as a significant portion of coins would need to be involved. If that happens bitcoin HAS failed because to get there you would have to unwind a large portion of user adoption.

Is it impossible to go there? not at all. But if it does happen the party is most likely over.

[oda.krell]

I've got just over 10 BTC.

I'll be honest, I bought most of my coins at around 600 USD, I'm not happy right now, every day the price seems to go down lately.

I don't have any desperate need for the money now, I know it's a long game & I will hoard for years but it's looking pretty shit right now.

in 2011 i bought 100 coins for $ 3000 right at the top of the most epic bubble ever. prices fell for 18 months. even now, at a very desperate phase, when people say btc is dead, i still made more than 1000% profit. stay strong. it will pay out.

i am strong, and i am weak too, i think it will go lower , so it is time to me accumulate more coins, sell now (about 370) and buy back later
(i dont care if i will lost 5%-15% (buying back higher, if i am not here at the jump) ,
but i wont sit on my ass any more (i think 8 month was enough about it ) and watch btc going lower and lower without any reason despite of good news
how many times i say to myself it wont go lower , it cant go lower, 5-10 times ?  )

People don't want to face the facts but we are currently playing a game of Musical chairs.
How many of you want to truly exit the market and how many are in it to accumulate more coins?
The reality is that it is impossible for both you and the guy who shorted/sold at the top of the bubble to increase your holdings unless there is someone else who eventually loses out.

It is wildly amusing to see predictions of double or single digit coins. With the current acceptance at larger retailers a market cap that comes with single digit coins makes bitcoin virtually useless.
Any larger purchase would completely screw up supply and demand as a significant portion of coins would need to be involved. If that happens bitcoin HAS failed because to get there you would have to unwind a large portion of user adoption.

Is it impossible to go there? not at all. But if it does happen the party is most likely over.

Agreed with your main point in principle (if price would go back to single digit and stays there, pretty much every proposed usage case of Bitcoin can be considered failed), but I disagree that *hitting* single digits (which I don't expect either) would be a death sentence, or sign that crypto failed. Panic driven momentum could bring us into a range that is not motivated by the fundamentals, and the market should quite clearly and obviously to the observer reject that price region. In that sense, going even to single digits isn't a problem per se: if the market would take that a clear reversal signal (again, I don't think we will hit single digits, and double digits aren't much more likely either. Back to $200... possible, otoh.)

[PenAndPaper]

because if you look at the charts bitcoin looks finished... Services like bitcoinwisdom should start serving charts in log scale by default