View Full Version : Why sell?
OldChap
08-03-2011, 08:46 AM
I have been watching the price fall and have been wondering why do people sell at such a low price?
The volumes seem to be holding up no matter what the price is. I don't get it
acebmxer
08-03-2011, 09:05 AM
Since the price has droped so much since yesturday I will be waiting untill it goes back up or sell what I need to cover the electric bill.
have you seen this thread over at the bitcoin forum? https://bitcointalk.org/index.php?topic=33765.0
slaveondope
08-03-2011, 10:12 AM
Haven't sold.
http://youtu.be/4-lbIfaqm0U
OldChap
08-03-2011, 11:00 AM
Thanks ace I hadn't read that.
I just hope that if it hits $10 everyone of the sellers says "stuff that" and holds.
I can wait too
It's an avalanche = n00b panic :D
Buy, buy, buy!! ;)
artemm
08-04-2011, 08:39 AM
Panic? Maybe, but it's totally justified. There were several major events recently that obliterated investor confidence.
There needs to be a period of no crisis events or bad publicity for us to see above 15 again.
- Trojan wallet stealers
- a single user lost 25,000 BTC in a heartbeat
- Mt. Gox hacked
- Polish exchange went down and all of their bitcoins (an undefined amount, believed to be 17K+) destroyed
- Mybitcoin went silent and is still silent with no word on the tens of thousands of bitcoins deposited there
- etc, etc, etc...
Add the above to the bad press and you have a recipe for a justified deflation in value of the currency.
I'm about to break even, but until I do, I just mine to a certain point and sell without paying attention to the price, really. When I break even, then maybe I'll start messing with trades...