Why do you people sell at these price?

[btcxyzzz]

Won't sell right now, but I do think I'll sell in next mini-peak because this is going down, longterm.

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[Febo]

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 they bought much under 400 USD. And they expect they will have chance to buy cheaper then 400 USD to buy once again.

[Cluster2k]

Sometimes people sell on the way down because they believe the price will be even lower in a week, or a month.  I sold some bitcoins at $1k when this forum was full of cheer squads claiming $10k was the next target.  Why did I sell?  Because I believed the price was 'good enough' value.

[Ayers]

mostly because those who sell are scammers, and wallet stealer, and now the trend is just "sell sell sell", so everyone(not smart enough) will follow the pattern

[sbrzol]

mostly because those who selle are scammers, and wallet stealer, and now the trend is just "sell sell sell", so everyone(not smart enough) will follow the pattern

those who have "weaker" hands than me , (i have not sell any btc so far, from 2013 March) , is far more in better position than me ,
if somebody have listen to for example fallllling user and "scared" they are all in better position now than those who hodling like me  
they can buy back lower and accumulate more coins

so who is the smarter ? who dumping at from $450-680 or me who is hodling? (who is following or going against the market?)  and now cant buy back lower

 i would be happy now if somebody could scared me so much at price range $500-$680 that i panic sell 50% of my btc  

[mgio]

Because Bitcoin is dropping and likely will continue it's slow decline for the foreseeable future.

No one knows where the bottom is and its likely we haven't hit it yet.

Last week we had some HUGE news with paypal announcing that they will accept bitcoin. Bitcoin immediately jumped $40 on to settle back into its slow decline the next day.

If news like that can't end the decline, then not much will.

Bitcoin will go up again, but there are no signs that it is going to be in the near future.

Best bet is to sell now and buy back in at the bottom, which could be as low as $100, maybe lower.

[jcoin200]

Because Bitcoin is dropping and likely will continue it's slow decline for the foreseeable future.

No one knows where the bottom is and its likely we haven't hit it yet.

Last week we had some HUGE news with paypal announcing that they will accept bitcoin. Bitcoin immediately jumped $40 on to settle back into its slow decline the next day.

If news like that can't end the decline, then not much will.

Bitcoin will go up again, but there are no signs that it is going to be in the near future.

Best bet is to sell now and buy back in at the bottom, which could be as low as $100, maybe lower.

btc is headed down in the near term, too much selling pressure by means of new merchants accepting btc, but instantly converting to fiat. No real new use by the general public. Once these merchants initial acceptance levels out, btc should slowly begin to climb up. then people should start buying/feeling bullish again

[Neotox]

some sell bcoz they need cash
and others sell just bcoz they are afraid that what if price dropped more,

[romneymoney]

There's no guarantee that price ever recovers.  I think many are beginning to doubt there will ever be a new ATH.  That the moon rocket will ultimately fail to launch and that this is the best price they will see for their coins.    For someone who is all in, there would be at least some motivation to sell some now if they believe the above is possible.  This is specifically why I chose to invest only what I could afford to lose entirely, because that makes it easy to hold through the despair phases that typically precede bubbles. 

[mgio]

Because Bitcoin is dropping and likely will continue it's slow decline for the foreseeable future.

No one knows where the bottom is and its likely we haven't hit it yet.

Last week we had some HUGE news with paypal announcing that they will accept bitcoin. Bitcoin immediately jumped $40 on to settle back into its slow decline the next day.

If news like that can't end the decline, then not much will.

Bitcoin will go up again, but there are no signs that it is going to be in the near future.

Best bet is to sell now and buy back in at the bottom, which could be as low as $100, maybe lower.

btc is headed down in the near term, too much selling pressure by means of new merchants accepting btc, but instantly converting to fiat. No real new use by the general public. Once these merchants initial acceptance levels out, btc should slowly begin to climb up. then people should start buying/feeling bullish again

Yes, exactly. Look at the past 6 months. There has been a very steady decline with no real increases since the $1000 bubble. Ever speculator that was interested in bitcoin is already involved. And without signs of the price reversing, despite good news, they are slowly pulling out to cut their losses.

I'm a big bitcoin believer and still I sold all my coins in the past couple of weeks (save for a few). If there is a turnaround, it won't be for a while.

If the winklevoss etf goes live and people start adding bitcoins to their retirement plans that could mean a turnaround for bitcoin. But as of right now bitcoin has not been a good investment this year and that is looking unlikely.

You also have to remember that every day 1.35 million dollars are mined. The market needs to grow at that rate just for the price to stay stable!

[romerun]

with all those big merchants / paypal enabling rich btc hodlers to spend their coins, price shall fall, until btc demand increases, such as Circle enabling world population to acquire btc easier than before, or grassroot people start seeing the point of btc by the more widespread acceptance of merchants/paypal/ebay/whatnot and start cashing fiat in for some coins.

[Ayers]

mostly because those who selle are scammers, and wallet stealer, and now the trend is just "sell sell sell", so everyone(not smart enough) will follow the pattern

those who have "weaker" hands than me , (i have not sell any btc so far, from 2013 March) , is far more in better position than me ,
if somebody have listen to for example fallllling user and "scared" they are all in better position now than those who hodling like me  
they can buy back lower and accumulate more coins

so who is the smarter ? who dumping at from $450-680 or me who is hodling? (who is following or going against the market?)  and now cant buy back lower

 i would be happy now if somebody could scared me so much at price range $500-$680 that i panic sell 50% of my btc  

they weren't smarter, they were lucky, big difference here, what if bitcoin rised to 700 or around that? unless you can predict the future in a very accurate way, i think holding is the best strategy

[sbrzol]

with all those big merchants / paypal enabling rich btc hodlers to spend their coins, price shall fall, until btc demand increases, such as Circle enabling world population to acquire btc easier than before, or grassroot people start seeing the point of btc by the more widespread acceptance of merchants/paypal/ebay/whatnot and start cashing fiat in for some coins.

Circle buys OTC right?

if so, then there wont be buying only more selling pressure  by payment processors (coinbase,bitpay, etc)

everybody can see in the order books of exchanges that there is no buyers , only selling walls

[Morguk]

Obviously the miners, but also people with weak hands that can't afford bitcoin to goto nothing (which obviously won't happen).

[arieq]

I am selling my coins over $1000 or not selling at all, no matter if it goes to 0. Having BTC feels like being on a guaranteed financial rocket, it will change your life in the future.

[mgio]

with all those big merchants / paypal enabling rich btc hodlers to spend their coins, price shall fall, until btc demand increases, such as Circle enabling world population to acquire btc easier than before, or grassroot people start seeing the point of btc by the more widespread acceptance of merchants/paypal/ebay/whatnot and start cashing fiat in for some coins.

I've signed up for Circle, and I've used it already and I don't see how it is any different that Coinbase.

I know they claim they aren't an exchange, but that is just marketing. They ARE an exchange and they do the exact same thing Coinbase does.

Only worse, because there limits are so low. It is of no use to me to buy or sell $2500 worth of coins a day. I like Coinbase's $50k rolling limit.

[nukecookie]

with all those big merchants / paypal enabling rich btc hodlers to spend their coins, price shall fall, until btc demand increases, such as Circle enabling world population to acquire btc easier than before, or grassroot people start seeing the point of btc by the more widespread acceptance of merchants/paypal/ebay/whatnot and start cashing fiat in for some coins.

I've signed up for Circle, and I've used it already and I don't see how it is any different that Coinbase.

I know they claim they aren't an exchange, but that is just marketing. They ARE an exchange and they do the exact same thing Coinbase does.

Only worse, because there limits are so low. It is of no use to me to buy or sell $2500 worth of coins a day. I like Coinbase's $50k rolling limit.

Circle is way faster than coinbase. You can order and get your coins in minutes with a brand new account.

[Pussyan]

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

[Elwar]

I bought an iPhone 6 for the equivalent of $550 worth of bitcoins.

I spent bitcoins and someone purchased it for me with their credit card through purse.io

That is why I "sold".

I will buy more on Friday though.

[NotLambchop]

...
Circle is way faster than coinbase. You can order and get your coins in minutes with a brand new account.

Sounds like heaven for carders and gamblers/junkies dimeing out their credit cards.

Excelsior!