Curious who is selling Bitcoin right now? It's the short term holders...
The selling isn't coming from long term holders...
Bitcoin has been extremely weak as of late and there isn't likely to be a reversal in the near future.
Curious who is throwing in the towel on bitcoin currently?
It's the short term holders!
Check this out:
(Source: https://twitter.com/BTC_Archive/status/1479409234148265988/photo/1)
When that line is below the 0 bound, it means short term sellers are selling at a loss...
So, not only are short term holders doing the selling, but they are doing so at a loss.
I don't know about you but I don't feel bad for them at all.
If you can't hold bitcoin for any length of time you don't deserve to make money on it, simple as that.
So called "weekend holders", people who invested in BTC because their cousins said so and now they are panicking. Alternatively people forced to do that because of the financial crisis that starts soon or, in some countries, already started. Inflation and economical insecurities caused by covid are enormous in some places - Argentina 50%, Turkey 12%, Poland nearly 9% - for the middle class it's a lot.
Thank You for sharing Your insights...
Good points... that being said I just bought the dip here at $41.7k. :)
Yes agree with you.
Thank You for sharing Your insights...
Upvoted! Thank you for supporting witness @jswit.
Yes due to on seeing BTC fall,they get huge fear,thats why selling in loss.
I am curious who is selling steem?
Social and Web 3.0 is the future. BTC is a dying dinosaur!!!
Steem inflation goes down every year. When steem inflation goes under fiat inflation, beware to have some stake powered up. Price will rise. And developers will gather to embrace steem with its userbase to introduce web 3.0.
Thank You for sharing Your insights...
That is the hope yes! How do we get STEEM more embraced by developers right now?