Disliked{quote} Great point Pete. I thought about it myself. This is happening now on bitcoin. Everyone buy and buy. Theysay it will reach 100k, even 200k. So who is selling? Cheers, BIgnored
To your question, those selling are regular retail bitcoin holders, bitcoin miners, bitcoin exchanges and recently hedge funds after seeing it skyrocket. The only difference is a large portion of the afore mentioned selling groups usually buy back more coins from those who literally bought from them but start panicking when the price drops. Those who know bitcoin know it's never going down. Those who doubt bitcoin watched it rise from $100, so you choose which group wins. Unless something catastrophic happens and I won't say it because I wouldn't wanna manifest something negative, bitcoin is never going past $25k ever again.
Read in between the price!!!