Post
Topic
Board Economics
Re: What is going on, who is selling at these prices?
by
Decoded
on 13/01/2017, 11:44:48 UTC
I guess they are the ones who are impatient. maybe they want to make bitcoin prices down, so they can buy bitcoin at a bargain price. Well, I was also surprised to see the price of bitcoin down very quickly. I do not think they could sell their bitcoin under $ 800. but, maybe they have a bitcoin very much, and had to sell in large numbers.

Not impatient. Either people extremely smart, or extremely stupid. If I had to take a guess, I would say that more than half would be stupid, and are small-minded lemmings who sell when the price drops.