Michael Moro, who is a CEO of a major crypto trading company, talks about how people who bought into Bitcoin at the beginning of 2017 at $1000, are now starting to sell their coins. Is this an indication of massive FUD? Is this the time where we should buy and take advantage of the FUD sellers?
When did you guys first buy Bitcoin, what was the price of BTC and are you going to panic sell now?
Source:
https://www.ccn.com/crypto-investors-who-bought-bitcoin-at-1000-are-now-starting-to-sell/In my opinion it is redundant news. The point is that the panic sales have already started, and sells from 4k by owner and it doesn't matter from which price he has got BTC. It is as though, who bought BTC from 1k signed a contract to sell when the price fell to 4k. I don't understand why everybody are trying to find a reason behind drop, it is just decrease.