Who the hell is selling right now?

[cbeast]

Massive mining farms having to pay off their fiat loans, at an ever dropping conversion rate. Bitcoin started dying the day mining became centralized.

Yeah, so they wait until a holiday weekend when nobody is buying to sell. Seems legit.

They're probably pretty bewildered that their 100 million dollar farm is worth 1/5 that, one year later.

 I love cryptocurrency and the idea of a truly free market economy, however, Bitcoin is too far marred to save at this point. Most coins are not in the hands of people who would support the healthy use of them.

Well, they are as cheap now as they've been in over a year. No excuses for not having an order in at the rate you can afford. Or maybe you want some cheap Apple stock too.

[BCwinning]

Everyone is selling... Who isn't selling right now is a better question 

me I use it for currency. I don't need to spend it right now so I'm not nor am I selling it.

[pereira4]

Everyone is selling... Who isn't selling right now is a better question 

I saw you posting the other day about how it was time for you to buy.
Chickening out already?

[ajw7989]

Keep in mind two things. First all companies that accept bitcoin convert it to fiat right away which means selling. Second ltcgear used to buy bitcoin and A LOT of it since they mined ltc and right now its not due to complicated factors.

[Amph]

the question, the real one is who the hell is not buying?

why sell low ?
because buy very low ... in short time on the black hole trading view ... in the night 

they will stop at 100 probably, there will be a strong support around that, impenetrable one

[cbeast]

the question, the real one is who the hell is not buying?

Normal people with families. Kids go back to school tomorrow after the holiday break.

[cryptopaddles]

Who would sell so low you ask?  Maybe mark karpeles, or how about bitcointrader.biz fella, or how about hashie, or moolah, any one of them that basically stole the coins they now have I'm sire are mote than happy to cash out this low.

[Elwar]

If you noticed that the thread is surprisingly free of trolls, you are welcome.

If your post has been deleted. You are part of the problem, not the solution.

Enjoy your Federal Reserve Notes and everything they support.

[smalltimer]

i have deleted my other comment too. I lost interest in this pathetic discussion

[DonQuijote]

All people who bought before nov´13 are taking profit and a new investor dont want loose money

[picolo]

All people who bought before nov´13 are taking profit and a new investor dont want loose money

People who bought before nov 13 sold before if they wanted to make a profit. They are big believers if they didn't sell before so not a lot of them are selling now.
Maybe an FBI auction winner is selling to buy more BTC at a lower price.

[Morecoin Freeman]

I'm buying on the way down since $296. In all honesty I didn't expect the exchange rate per coin to fall this low but not unhappy about it. I anticipate an uptrend starting around January 16-20.

[Bitcoins101]

If you noticed that the thread is surprisingly free of trolls, you are welcome.

If your post has been deleted. You are part of the problem, not the solution.

Enjoy your Federal Reserve Notes and everything they support.

In other words, a troll is someone you disagree with?

My post which was deleted:

I love how anyone selling bitcoin is considered a "weak hand".

Maybe sellers are just smart enough to know not to hold something that has been consistently losing value for over a year?

If we have a rally, there's plenty of time to jump on board. Why expose yourself to risk when you can just sit back, short, and accumulate fiat?

_________________

In what way does that constitute trolling? I'm sure if I swapped out "sell" for "buy" you would have thought highly of it.

I think enough of decentralized currency to try to maximize my wealth . Those of us who did not buy thousands of bitcoins for pennies on the dollar back in the day cannot afford to sit on $1,000 bitcoins as they continue to lose value. Since you joined this forum in 2010, I assume you accumulated most of your bitcoins at a price far below today's current value. That is not the case for the majority of forum members, who were sucked into the hype of potential multithousand dollar coins last winter.

If a single bitcoin will one day be the equivalent of one million US dollars, it wouldn't change my current trading view. I'd accumulate as much "worthless" fiat as possible, so that I can maximize my gains when bitcoin takes off to a million. Permahodling doesn't work all that well for newbies today - and newbies are the only people whose opinions are swayed by the Speculation forum, so they're really who we're catering to.

[picolo]

I'm buying on the way down since $296. In all honesty I didn't expect the exchange rate per coin to fall this low but not unhappy about it. I anticipate an uptrend starting around January 16-20.

There is a strong possibility of an uptrend that would bring us back to 320$ or higher.

[Parazyd]

As I've been told, China is selling.

http://bitcoinity.org/markets/list

[waaat?]

dude, it's just not worth this much

[Bitcoins101]

OP isn't mentally stable  

That is more in line with what trolling is.

I'm buying on the way down since $296. In all honesty I didn't expect the exchange rate per coin to fall this low but not unhappy about it. I anticipate an uptrend starting around January 16-20.

i.e. You're guessing.

As I've been told, China is selling.

http://bitcoinity.org/markets/list

Way to go, Sherlock.

[Elwar]

If you noticed that the thread is surprisingly free of trolls, you are welcome.

If your post has been deleted. You are part of the problem, not the solution.

Enjoy your Federal Reserve Notes and everything they support.

In other words, a troll is someone you disagree with?

My post which was deleted:

I love how anyone selling bitcoin is considered a "weak hand".

Maybe sellers are just smart enough to know not to hold something that has been consistently losing value for over a year?

If we have a rally, there's plenty of time to jump on board. Why expose yourself to risk when you can just sit back, short, and accumulate fiat?

_________________

In what way does that constitute trolling? I'm sure if I swapped out "sell" for "buy" you would have thought highly of it.

I think enough of decentralized currency to try to maximize my wealth . Those of us who did not buy thousands of bitcoins for pennies on the dollar back in the day cannot afford to sit on $1,000 bitcoins as they continue to lose value. Since you joined this forum in 2010, I assume you accumulated most of your bitcoins at a price far below today's current value. That is not the case for the majority of forum members, who were sucked into the hype of potential multithousand dollar coins last winter.

If a single bitcoin will one day be the equivalent of one million US dollars, it wouldn't change my current trading view. I'd accumulate as much "worthless" fiat as possible, so that I can maximize my gains when bitcoin takes off to a million. Permahodling doesn't work all that well for newbies today - and newbies are the only people whose opinions are swayed by the Speculation forum, so they're really who we're catering to.

So...accumulate fiat, sway newbies to not buy Bitcoins so that one day Bitcoin will be worth a lot.

And I create one thread getting rid of such silliness and everyone goes nuts. Perhaps their employers require them to post once in every thread.

Agenda noted. At least you're not a paid troll.

[johnyj]

Some state owned companies are using bitcoin mining farms to convert their state provided electricity into fiat then into their private pocket

[TeeBone]

Smart money is selling, and has been selling for quite a while. Suckers in denial are buying.