Almost clear with the weak hands. | Bitcointalksearch.org

carlfebz2

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Quote from: Golftech on June 01, 2021, 03:28:09 PM

Quote from: Oceat on June 01, 2021, 03:03:59 PM

Quote from: lixer on May 29, 2021, 01:55:02 PM

Quote from: insiderpro on May 23, 2021, 02:08:28 PM

Second week is about to end on 27th, we are almost done with the weak hands. Now it's time to bounce back to above 50k. Obviously not in a day or two, it will take at least two weeks more. Cheers !!

A lot of people are still saying that the price will reach $100,000. I hope this is true. I saw a post yesterday, a guy that was talking about 4Chan’s post and saying that the recent fall in price was planned by the whales for a purpose which I can’t really explain. And according to him, he strongly believes that the market will back up again. I don’t know how true that is, if the market does go up a lot of people are going to be happy about that.

Although the thought that Bitcoin is being manipulated doesn’t sit well with me. Nobody likes manipulation in any in form and in any market.

Well, I would say it's matter of Fud and Fomo that changes the people's minds and we can't actually eradicate the market manipulation. No one wants and like that to happen I hope those who manipulate the market should get punished. They aren't helping the people or either the market, they were just making money from the small fish which is us.

I am bullish with Bitcoin and I believe it would break the strong resistance and record a new ATH again. Looking forward to seeing the $100k but maybe not this year, maybe in the next 2-3 years.

We can't punished them for now as we don't have any idea from how they are working behind, but if possible to track them

down and find ways to really removed them from this market, it's much better to continue our journey without those artificial

market movements, but we need to face it and we need to work on our own sake to protect our investment.

Deal with it as if these things are already casual into this market and its not really possible nor can be easy to trace them on.So there no point on pursuing into those things into your mind on how to get rid of it.

Its right that we should really be mindful instead on how to protect our investment and be wise on how to deal up with the market.

Market manipulation is something not new into this market so its better to deal with it and go with the flow or using it up as an advantage.

Golftech

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Quote from: Oceat on June 01, 2021, 03:03:59 PM

Quote from: lixer on May 29, 2021, 01:55:02 PM

Quote from: insiderpro on May 23, 2021, 02:08:28 PM

Second week is about to end on 27th, we are almost done with the weak hands. Now it's time to bounce back to above 50k. Obviously not in a day or two, it will take at least two weeks more. Cheers !!

A lot of people are still saying that the price will reach $100,000. I hope this is true. I saw a post yesterday, a guy that was talking about 4Chan’s post and saying that the recent fall in price was planned by the whales for a purpose which I can’t really explain. And according to him, he strongly believes that the market will back up again. I don’t know how true that is, if the market does go up a lot of people are going to be happy about that.

Although the thought that Bitcoin is being manipulated doesn’t sit well with me. Nobody likes manipulation in any in form and in any market.

Well, I would say it's matter of Fud and Fomo that changes the people's minds and we can't actually eradicate the market manipulation. No one wants and like that to happen I hope those who manipulate the market should get punished. They aren't helping the people or either the market, they were just making money from the small fish which is us.

I am bullish with Bitcoin and I believe it would break the strong resistance and record a new ATH again. Looking forward to seeing the $100k but maybe not this year, maybe in the next 2-3 years.

We can't punished them for now as we don't have any idea from how they are working behind, but if possible to track them

down and find ways to really removed them from this market, it's much better to continue our journey without those artificial

market movements, but we need to face it and we need to work on our own sake to protect our investment.

Oceat

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Quote from: lixer on May 29, 2021, 01:55:02 PM

Quote from: insiderpro on May 23, 2021, 02:08:28 PM

Second week is about to end on 27th, we are almost done with the weak hands. Now it's time to bounce back to above 50k. Obviously not in a day or two, it will take at least two weeks more. Cheers !!

A lot of people are still saying that the price will reach $100,000. I hope this is true. I saw a post yesterday, a guy that was talking about 4Chan’s post and saying that the recent fall in price was planned by the whales for a purpose which I can’t really explain. And according to him, he strongly believes that the market will back up again. I don’t know how true that is, if the market does go up a lot of people are going to be happy about that.

Although the thought that Bitcoin is being manipulated doesn’t sit well with me. Nobody likes manipulation in any in form and in any market.

Well, I would say it's matter of Fud and Fomo that changes the people's minds and we can't actually eradicate the market manipulation. No one wants and like that to happen I hope those who manipulate the market should get punished. They aren't helping the people or either the market, they were just making money from the small fish which is us.

I am bullish with Bitcoin and I believe it would break the strong resistance and record a new ATH again. Looking forward to seeing the $100k but maybe not this year, maybe in the next 2-3 years.

wxa7115

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Quote from: dunfida on May 26, 2021, 02:42:42 PM

Quote from: so98nn on May 26, 2021, 01:54:44 PM

Indeed. Also the show of tweets has come to an end after seeing that there is no proper response to the Elon accounts. Wink

Considering this, we stand better chance in the coming years when people start FOMO investments. The candles are green one more time and bitcoin is holding and resisting the down surge.
That’s the point we should know it’s gonna break it for nice 70k or something.

There's always a rainbow after the rain yet this market cant really be just like this to remain forever and there would always be a sunny day after all these unpleasant situation we are taking on
with this market.Those factors are just part of the growth of this market because it cant really grow without those factors which is actually unavoidable or inevitable.
For now lets move on and hope that the market would really recover and each investor or people who do get involved or engage on this market would
be much wiser on possible next similar events to happen.

We must always try to find the positive of all of this, yes the market went down and there is nothing we can do about it but now we must look at the fact that a great deal of the weak hands are finally out of the market and most likely they are never going to comeback.

This means that it is going to be easier from now on for bitcoin to go up in value, we just need the perfect storm for this to happen and I think we are likely to see it soon as yet another upgrade on the network is coming soon.

lixer

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Quote from: insiderpro on May 23, 2021, 02:08:28 PM

Second week is about to end on 27th, we are almost done with the weak hands. Now it's time to bounce back to above 50k. Obviously not in a day or two, it will take at least two weeks more. Cheers !!

A lot of people are still saying that the price will reach $100,000. I hope this is true. I saw a post yesterday, a guy that was talking about 4Chan’s post and saying that the recent fall in price was planned by the whales for a purpose which I can’t really explain. And according to him, he strongly believes that the market will back up again. I don’t know how true that is, if the market does go up a lot of people are going to be happy about that.

Although the thought that Bitcoin is being manipulated doesn’t sit well with me. Nobody likes manipulation in any in form and in any market.

michellee

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Quote from: jossiel on May 28, 2021, 02:32:15 PM

Yup.

That's likely to take a few more weeks before we get back again at the top. But if this continues and we're again down, we're going to have a hard time seeing bitcoin going back to $50k and above.

No matter how clear we are with the weak hands as long as the market keeps on shaking and dropping, nobody can stop that for sure.

I think that will not be a problem because we have the experience of waiting for a bitcoin price increase. Even if bitcoin continues down and we still wait for more, bitcoin will increase someday. We have a chance to see bitcoin rise in the next months.

So if people are still selling their bitcoin because of panic, that will be the best thing for us to buy because the price will go down at a low price. But we can still hold bitcoin and do not sell if the price is not hit the high price.

CryptopreneurBrainboss

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Quote from: ?? on ??

We never know if bitcoin will dip this deep in price in such a fast time. We've just been in the bull market,
but now the market is in a bear state. But the state of this bear market should quickly recover back to the bull market.
Because the bull market hasn't happened long ago. Maybe at least in June, the bull market will be back.

I don't think the current state of the market is to be considered bearish just yet. I understand we're -50% lost already but looking at the market you can still see some potential of a possible pull up happening anything soon. The market is currently in consolation phase and sooner than later the market will bounce back.

The cryptocurency market has proven countless number of time it's a medium to transfer wealth from the impatience to the patience and this time around things won't be any different so instead of panicking is best advice you start accumulate as much coins as you can in prepared for what's is yet to come.

Looking at the charts you can see the week hands are decreasing in their numbers, we're now experiencing some consolation instead of the dumps we were experiencing at the starts of the fuds so in the long run, we should be bullish.

dunfida

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Quote from: jossiel on May 28, 2021, 02:32:15 PM

Yup.

That's likely to take a few more weeks before we get back again at the top. But if this continues and we're again down, we're going to have a hard time seeing bitcoin going back to $50k and above.

No matter how clear we are with the weak hands as long as the market keeps on shaking and dropping, nobody can stop that for sure.

For now its really testing out to break that 40k barrier and still failed and trying always to get back or bounce on that strong resistance and now playing 35-33k level.
We cant really say that we already had shook the weak hands and there might be still some who are just observing the trend but since the price
isnt really crashing that low then we can really presume out that there are no more panic seller at the moment but if there would be
some sentiment specially negative ones then that would surely make the market even more worst.

Hypnosis00

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Quote from: ?? on ??

Quote from: jossiel on May 28, 2021, 02:32:15 PM

Yup.

That's likely to take a few more weeks before we get back again at the top. But if this continues and we're again down, we're going to have a hard time seeing bitcoin going back to $50k and above.

No matter how clear we are with the weak hands as long as the market keeps on shaking and dropping, nobody can stop that for sure.

I agree with you if BTC goes lower than 30k we will be going in bear run. Then it can happen that we won't see BTC over 50k for some time or maybe a year or more. But it's good time to buy now.

$30k is still high to say that we are in bear, too far from the previous bear price. Maybe $10k will be considered for me.

But I think it was so hopeless we got into the dip again knowing that the market support seems to be going strong and pushing the market moving high. As we can see, many FUDs, negative news had come but none of them triggered to huge market fall but just only small corrections. This means that we are less chance to see for market bear, but likely to stay bullish.

jossiel

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Yup.

That's likely to take a few more weeks before we get back again at the top. But if this continues and we're again down, we're going to have a hard time seeing bitcoin going back to $50k and above.

No matter how clear we are with the weak hands as long as the market keeps on shaking and dropping, nobody can stop that for sure.

jostorres

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Quote from: insiderpro on May 23, 2021, 02:08:28 PM

Second week is about to end on 27th, we are almost done with the weak hands. Now it's time to bounce back to above 50k. Obviously not in a day or two, it will take at least two weeks more. Cheers !!

Don’t celebrate what you are not sure of. How can you be specific on how many weeks it’s going to take before the price bounces back, who told you that it is going to be two weeks? Are you saying two weeks because it has been two weeks that the price dropped? Nobody knows about this for sure, so don’t say it like you’re very sure it is going to be going back up. We saw something like this happen before and we all know how long it took before we arrived here.

So you can’t be hundred percent sure if we are going to be crossing the last ATH, but what we do know is that the price we keep swinging up and down and if we are lucky, maybe we will land on another ATH before the year runs out.

ven7net

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Quote from: insiderpro on May 23, 2021, 02:08:28 PM

Second week is about to end on 27th, we are almost done with the weak hands. Now it's time to bounce back to above 50k. Obviously not in a day or two, it will take at least two weeks more. Cheers !!

You're right. The next drop in cryptocurrency prices is associated with only one goal, to knock out weak players from the market and buy up their crypto assets at a low price. Of course, a number of other news were summed up for this, but those who are on the crypto market have not been deceived for a long time. We have already seen similar processes many times and every time the price of cryptocurrencies fell and a lot of bad news appeared, then after that everything returned to its normal circles and after that the price went even higher. The main thing is not to panic and always make decisions carefully.

zanezane

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Quote from: ?? on ??

We never know if bitcoin will dip this deep in price in such a fast time. We've just been in the bull market,
but now the market is in a bear state. But the state of this bear market should quickly recover back to the bull market.
Because the bull market hasn't happened long ago. Maybe at least in June, the bull market will be back.

Is it in the bear state though? Look at the prices, it's still that high, I mean we come from a 900% growth to 50% loss so I don't think we have to worry too much about it being in the bear market. Also, it's good that we are losing a lot of weak hands because I really love for other deserving investors to get in at a really low price.

VanDeinsberg12

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Quote from: Renampun on May 26, 2021, 11:53:58 AM

Quote from: insiderpro on May 23, 2021, 02:08:28 PM

Second week is about to end on 27th, we are almost done with the weak hands. Now it's time to bounce back to above 50k. Obviously not in a day or two, it will take at least two weeks more. Cheers !!

market conditions are not eternal...

In the last few days, the market looks very stable and has the potential to skyrocket again, it's just a matter of time. bear and bull markets are not forever, let's laugh at the weak hands, who sold their crypto assets during the bear market.

When the market is having a really really strong resistance from dumping below $32K and go back up again at the blink of eye that's enough sign of upcoming bullish for me. Now even goldman sachs shilling for bitcoin calling it a asset class
when the big players keep shouting that bitcoin is gold, what else there is to expect in the future other than bitcoin being valued as gold which means increase in price? I do agree bearish won't last forever, instead we gonna see another pump, I just really expecting it to happen.

Distinctin

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Quote from: blackened515 on May 26, 2021, 03:07:06 PM

Quote from: insiderpro on May 23, 2021, 02:08:28 PM

Second week is about to end on 27th, we are almost done with the weak hands. Now it's time to bounce back to above 50k. Obviously not in a day or two, it will take at least two weeks more. Cheers !!

Properly it is the for the weak hands to raise the price of bitcoin now, the wealthiest ones are out of funds, the Elon community is out of the game, what's exactly will make it overflow this time, this will really take a lot of time to recover from this dip, the market need a strong hands to uplift it to where it was before, bitcoin will record another dump season within this period.

I guess that's the way it is. Where did so much with the bullish season, I think it is time for the market to relax and give some chance for early sellers to reinvest. But I don't think that we have to suffer the hard dip just like what we experience last 2018-2019 bearish season. Coz what I foresee is that the market demand will still be high leaving the price ain't that very low compared in the past. In fact, if we can take a look at the market chart, we can never see that the price decline continues to move down, still in a fluctuation style. So I assume that this bearish period might be just for short while.

SaveOurSea

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Quote from: Renampun on May 26, 2021, 11:53:58 AM

Quote from: insiderpro on May 23, 2021, 02:08:28 PM

Second week is about to end on 27th, we are almost done with the weak hands. Now it's time to bounce back to above 50k. Obviously not in a day or two, it will take at least two weeks more. Cheers !!

market conditions are not eternal...

In the last few days, the market looks very stable and has the potential to skyrocket again, it's just a matter of time. bear and bull markets are not forever, let's laugh at the weak hands, who sold their crypto assets during the bear market.

Bitcoin is forming a rising wedge pattern, of course this is what we are used to seeing, yup a decline can be very happening this week,
after the recovery to $ 40k I think it will still be difficult to break this resistance, this is psychological resistance in my opinion,
where the dump will be occurs first to be able to dispose of the holder from buy on the top.

blackened515

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Quote from: insiderpro on May 23, 2021, 02:08:28 PM

Second week is about to end on 27th, we are almost done with the weak hands. Now it's time to bounce back to above 50k. Obviously not in a day or two, it will take at least two weeks more. Cheers !!

Properly it is the for the weak hands to raise the price of bitcoin now, the wealthiest ones are out of funds, the Elon community is out of the game, what's exactly will make it overflow this time, this will really take a lot of time to recover from this dip, the market need a strong hands to uplift it to where it was before, bitcoin will record another dump season within this period.

isaac_clarke22

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Quote from: insiderpro on May 23, 2021, 02:08:28 PM

~

Too early to tell there, OP. Still stabilizing above 38k and anytime soon whales would take weak hands' coin.
There are people that are still not over with Musk and it's kind of getting insane and out of hand let alone here in the forum already.

dunfida

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Quote from: so98nn on May 26, 2021, 01:54:44 PM

Indeed. Also the show of tweets has come to an end after seeing that there is no proper response to the Elon accounts. Wink

Considering this, we stand better chance in the coming years when people start FOMO investments. The candles are green one more time and bitcoin is holding and resisting the down surge.
That’s the point we should know it’s gonna break it for nice 70k or something.

There's always a rainbow after the rain yet this market cant really be just like this to remain forever and there would always be a sunny day after all these unpleasant situation we are taking on
with this market.Those factors are just part of the growth of this market because it cant really grow without those factors which is actually unavoidable or inevitable.
For now lets move on and hope that the market would really recover and each investor or people who do get involved or engage on this market would
be much wiser on possible next similar events to happen.

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Quote from: insiderpro on May 23, 2021, 02:08:28 PM

Second week is about to end on 27th, we are almost done with the weak hands. Now it's time to bounce back to above 50k. Obviously not in a day or two, it will take at least two weeks more. Cheers !!

Apparently you are right, you just have to wait a couple more hours, but it does not guarantee that if another eventual news comes out by Elon Musk the weak hands will return to the massive dump, the good thing is that investors will buy in the dip, but this has consequences to the market in general, many do not see the potential of BTC, they leave their investment like anything else, with the passage of time they will regret it in a great way.

The price is already going above $ 38k- $ 39k, if all goes well, it is likely to see that BTC reaches this week the levels of $ 400- $ 50k, of course seeing this in the bullish scenario, but everything can be invalidated If a crash happens, I hope Elon Musk doesn't make another one of his controversial groundbreaking tweets.

so98nn

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Indeed. Also the show of tweets has come to an end after seeing that there is no proper response to the Elon accounts. Wink

Considering this, we stand better chance in the coming years when people start FOMO investments. The candles are green one more time and bitcoin is holding and resisting the down surge.
That’s the point we should know it’s gonna break it for nice 70k or something.

DarkDays

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Quote from: Renampun on May 26, 2021, 11:53:58 AM

Quote from: insiderpro on May 23, 2021, 02:08:28 PM

Second week is about to end on 27th, we are almost done with the weak hands. Now it's time to bounce back to above 50k. Obviously not in a day or two, it will take at least two weeks more. Cheers !!

market conditions are not eternal...

In the last few days, the market looks very stable and has the potential to skyrocket again, it's just a matter of time. bear and bull markets are not forever, let's laugh at the weak hands, who sold their crypto assets during the bear market.

People sell out for different reasons. There isn't a clear sign to me that the market is about to skyrocket so perhaps selling now is a good thing and buy lower. There is some optimism in the market left but for it to reach another ATH there needs to be strong external support and with all the bad press BTC and crypto generally has been getting I do not see anybody coming to rescue just yet. I hope I'm wrong and we do go on another rally...

Renampun

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Quote from: insiderpro on May 23, 2021, 02:08:28 PM

Second week is about to end on 27th, we are almost done with the weak hands. Now it's time to bounce back to above 50k. Obviously not in a day or two, it will take at least two weeks more. Cheers !!

market conditions are not eternal...

In the last few days, the market looks very stable and has the potential to skyrocket again, it's just a matter of time. bear and bull markets are not forever, let's laugh at the weak hands, who sold their crypto assets during the bear market.

ethereumhunter

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Quote from: abel1337 on May 26, 2021, 12:05:35 AM

Quote from: ethereumhunter on May 25, 2021, 11:09:36 PM

Quote from: Chato1977 on May 25, 2021, 10:08:31 PM

Quote from: insiderpro on May 23, 2021, 02:08:28 PM

Second week is about to end on 27th, we are almost done with the weak hands. Now it's time to bounce back to above 50k. Obviously not in a day or two, it will take at least two weeks more. Cheers !!

are we really done with the weak hands?

it looks like there are still others that trying to take advantage of this Pumping and dumping, it's been couple of days that this scenario is happening so wondering how long will this take?

The weak hands will always be there, no matter if the bull run or bear run because they will afraid of the crypto changing. I think people still accumulate more bitcoin before the price start to increase. But the price can get down for more because we do not know about that although we can make a prediction for where bitcoin price will moves.

We can't blame those weak hands especially if they lack the knowledge or the guts to see the price moving on the opposite side they want, Or sometimes they are just being smart with their portfolio and just finding another entry price after selling. There are too many speculations in the market and we still don't know where will bitcoin land first, It is just better to make your own research and boost your confidence in the price target you will see.

The weak hands will be the weak hands. If they can learn about hold tight their coin, they can change from the weak hands to the strong hand, and they will not panic to see the market goes down. We always need to analyze the market movement before deciding so we know what we need to do based on the current situations. Maybe we need to calm down for a while and with the next analysis, we will know if that time is good to buy back or sell it for some amount.

Wexnident

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I'd honestly doubt it'd go back to $50k even with a month given. We'd probably see a sidewards movement instead of a drop, but a rise? Kinda unlikely. The recent dump was a cause of both FUD and correction imo, if it was just FUD coming back up is easily achievable but there's also the correction to consider here after all. The market looks like it's recovering, but that's probably its maximum, recovery. It wouldn't grow or go past the usual high limits it has, for now.

I'd honestly give iit the rest of the year tbh to go back to $50k, should be easily achievable by then.

Shasha80

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Quote from: Kelvinid on May 26, 2021, 03:11:23 AM

Quote from: Yatsan on May 25, 2021, 06:58:52 PM

We still do not know or even having an idea when this would come to an end for it might go further because people are getting aware of the thought that they might suffer upon entering the market due to circulating FUD coming from different people around. If that will be the case, I doubt we will be seeing new investors to get into the market for now. But if there would be, then they must be brave to do so. Also, this declination is not happening to sort out those weak hands from the strong ones. It just so happen that they cannot endure making them to instantly or slowly get rid of the market.

That could also be put into consideration but this decline and FUDS are not new anymore, investors, merchants are already hearing this since before. If they will see an opportunity inside crypto they will come for sure and disregards those negative factors. Many people become successful in here and so they might be thinking they also succeed in here.

Wise man wins and that is why they themselves as a businessman as they are strategically knowledgeable in terms to investing. What I think is that many investors will surely come when the market will dump. Cannot see it now, but someday.

It is true that falling prices and FUD are not new in the crypto world, in the end the most important thing is how we as investors deal with this.
Do not let negative things affect the decisions we make, we must be able to decide based on the results of our own analysis and research.
And it does require a strong commitment, so that we can be sure of the results of our own analysis and research. If we do everything according
to plan, it should be a lot of investors who come when prices dump. We ourselves should also buy coins, when the market dump. Not buying when
prices start to rise, so we must be absolutely sure of all the results of the analysis and research that we have done. Don't let other people influence
our decisions.

Kelvinid

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Quote from: Yatsan on May 25, 2021, 06:58:52 PM

We still do not know or even having an idea when this would come to an end for it might go further because people are getting aware of the thought that they might suffer upon entering the market due to circulating FUD coming from different people around. If that will be the case, I doubt we will be seeing new investors to get into the market for now. But if there would be, then they must be brave to do so. Also, this declination is not happening to sort out those weak hands from the strong ones. It just so happen that they cannot endure making them to instantly or slowly get rid of the market.

That could also be put into consideration but this decline and FUDS are not new anymore, investors, merchants are already hearing this since before. If they will see an opportunity inside crypto they will come for sure and disregards those negative factors. Many people become successful in here and so they might be thinking they also succeed in here.

Wise man wins and that is why they themselves as a businessman as they are strategically knowledgeable in terms to investing. What I think is that many investors will surely come when the market will dump. Cannot see it now, but someday.

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Quote from: ethereumhunter on May 25, 2021, 11:09:36 PM

Quote from: Chato1977 on May 25, 2021, 10:08:31 PM

Quote from: insiderpro on May 23, 2021, 02:08:28 PM

Second week is about to end on 27th, we are almost done with the weak hands. Now it's time to bounce back to above 50k. Obviously not in a day or two, it will take at least two weeks more. Cheers !!

are we really done with the weak hands?

it looks like there are still others that trying to take advantage of this Pumping and dumping, it's been couple of days that this scenario is happening so wondering how long will this take?

The weak hands will always be there, no matter if the bull run or bear run because they will afraid of the crypto changing. I think people still accumulate more bitcoin before the price start to increase. But the price can get down for more because we do not know about that although we can make a prediction for where bitcoin price will moves.

We can't blame those weak hands especially if they lack the knowledge or the guts to see the price moving on the opposite side they want, Or sometimes they are just being smart with their portfolio and just finding another entry price after selling. There are too many speculations in the market and we still don't know where will bitcoin land first, It is just better to make your own research and boost your confidence in the price target you will see.

ethereumhunter

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Quote from: Chato1977 on May 25, 2021, 10:08:31 PM

Quote from: insiderpro on May 23, 2021, 02:08:28 PM

Second week is about to end on 27th, we are almost done with the weak hands. Now it's time to bounce back to above 50k. Obviously not in a day or two, it will take at least two weeks more. Cheers !!

are we really done with the weak hands?

it looks like there are still others that trying to take advantage of this Pumping and dumping, it's been couple of days that this scenario is happening so wondering how long will this take?

The weak hands will always be there, no matter if the bull run or bear run because they will afraid of the crypto changing. I think people still accumulate more bitcoin before the price start to increase. But the price can get down for more because we do not know about that although we can make a prediction for where bitcoin price will moves.

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Quote from: insiderpro on May 23, 2021, 02:08:28 PM

Second week is about to end on 27th, we are almost done with the weak hands. Now it's time to bounce back to above 50k. Obviously not in a day or two, it will take at least two weeks more. Cheers !!

are we really done with the weak hands?

it looks like there are still others that trying to take advantage of this Pumping and dumping, it's been couple of days that this scenario is happening so wondering how long will this take?

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We still do not know or even having an idea when this would come to an end for it might go further because people are getting aware of the thought that they might suffer upon entering the market due to circulating FUD coming from different people around. If that will be the case, I doubt we will be seeing new investors to get into the market for now. But if there would be, then they must be brave to do so. Also, this declination is not happening to sort out those weak hands from the strong ones. It just so happen that they cannot endure making them to instantly or slowly get rid of the market.

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From the little experience am having I don't really believe we are done yet is too early to conclude that we are don yet before I can be sure that the bear market as ended is when bitcoin cross above $40k but if bitcoin is below $40k anything can still happen so just calm down and hold your coin and see what will happen either pump or dump we are not selling we are still holding because I believe is just a matter of time bitcoin is going to bounce back and we will be in altcoin season.

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Quote from: AakZaki on May 24, 2021, 12:15:04 PM

The bear market continues, this is also due to the fact that many FUDs attack bitcoin, especially the FUD spread by China. getting back above $ 50k is still very difficult and takes time. but hopefully this bearish market will end soon and bitcoin is bullish again.
May-June is not a good month at this time. prepare your funds to buy at deep prices, it will be very helpful to be able to profit in a bearish market like this.

And be prepared to see even worse drops. I know right now the market looks like it is in recovery,,, but if Bitcoin cannot go above 40k and ETH cannot return to 3k then we will see more and more loss of confidence among short term speculators, leading to more selling and more worry and fear.

I personally believe we are not done with this bull but we have to be prepared for our expectations to not be met.

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Yes, weak hands should be considered but the recent news really wounded the market a lot.
Will there be new investor that will try to go against those news and risk their capital for Bitcoin? I guess that is what we should expect to see in the next weeks to come instead of waiting for these weak hands deplete their investments.
36k is when that billionaire bought it so I guess we are still in a safe place. Except for the altcoins. Some of them just recently started but was caught by the dip.

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Quote from: AakZaki on May 24, 2021, 12:15:04 PM

The bear market continues, this is also due to the fact that many FUDs attack bitcoin, especially the FUD spread by China. getting back above $ 50k is still very difficult and takes time. but hopefully this bearish market will end soon and bitcoin is bullish again.
May-June is not a good month at this time. prepare your funds to buy at deep prices, it will be very helpful to be able to profit in a bearish market like this.

I hope that the bear season continues for at the least another month because I still haven't bought a lot of bitcoin so I can increase the total amount of bitcoin that I currently hodl. I can always wait for the prices to go up no matter how long, I have strong hands.

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Weak hands will always be the weakest step in every market, since the inception of Wall Street they have existed, according to Livermore, they always act the same, react faster to the news, are carried away by comments, are very aware of movements and statements what strong hands do, and especially Richard Wyckoff also makes mention of them in his books when he analyzes the market, of course all this applies to the crypto market, it is just knowing that Elon Musk made a tweet for weak hands to buy or sell , especially selling, this has a lot to do with manipulation, through social networks it is the most powerful instrument used by that whale.

Fortunately, not only the whale is Elon Musk, there is also Microestrategy, among others, who can launch good news to counteract the pump and dump that Elon Musk wants to do, although if he does another of his movements, do not think he will be so successful. BTC at least won't go down that much anymore.

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Quote from: insiderpro on May 23, 2021, 02:08:28 PM

Second week is about to end on 27th, we are almost done with the weak hands. Now it's time to bounce back to above 50k. Obviously not in a day or two, it will take at least two weeks more. Cheers !!

Im going to hold on this prediction . As I can see bitcoin was up to $38k above right now. If it will continue to be strong and can break in again that $40k then it will be easy for it to go bounce back at $50k. Even altcoins who suffered a lot last week seems to recover together with bitcoin. Well, eventually those who bought much bitcoin lately was the reason for this pump.

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Quote from: insiderpro on May 23, 2021, 02:08:28 PM

Second week is about to end on 27th, we are almost done with the weak hands. Now it's time to bounce back to above 50k. Obviously not in a day or two, it will take at least two weeks more. Cheers !!

No, it will now take months for btc to recover to your target.
I think that the sudden pump in btc price from $20k was inorganic and wherever btc stands now today, it has not corrected to that price yet from where I see it reverting. Hold and see, markets will turn red again and even more cheaper tokens will be available to buy. I hope that I will not be taken wrongly as lastly, it is an opinion only.

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Quote from: AakZaki on May 24, 2021, 12:15:04 PM

The bear market continues, this is also due to the fact that many FUDs attack bitcoin, especially the FUD spread by China. getting back above $ 50k is still very difficult and takes time. but hopefully this bearish market will end soon and bitcoin is bullish again.
May-June is not a good month at this time. prepare your funds to buy at deep prices, it will be very helpful to be able to profit in a bearish market like this.

It seems you were right, the FUD that was continuously doing people have a long time effect on the market but fortunately, we are now in a good market again. Bitcoin price showed at this moment having a small resistance and have 24% increase per day.

Those weak hands will always have regret soon when they will see the market back to pump and as I can see now, we're almost there.

The problem of those newbies investors are didn't know yet how bitcoin works, they just dive as an investment knowing from others that it is mots likely profitable.

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Quote from: AakZaki on May 24, 2021, 12:15:04 PM

The bear market continues, this is also due to the fact that many FUDs attack bitcoin, especially the FUD spread by China. getting back above $ 50k is still very difficult and takes time. but hopefully this bearish market will end soon and bitcoin is bullish again.
May-June is not a good month at this time. prepare your funds to buy at deep prices, it will be very helpful to be able to profit in a bearish market like this.

Every time there is news from China it will definitely attack bitcoin and this is the biggest FUD news to affect the price of bitcoin, and as you said it will be difficult to reach $50k bitcoin but it might go in the opposite direction to be positive and of course I will prepare money to buy more. low, for now I am still monitoring the market and the possibility of another decline after a lot of FUD is now being talked about.

The most powerful FUD news
Elon Musk manipulates the market
China bans crypto
and the others are still widely distributed.

How did the whale react?

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The bear market continues, this is also due to the fact that many FUDs attack bitcoin, especially the FUD spread by China. getting back above $ 50k is still very difficult and takes time. but hopefully this bearish market will end soon and bitcoin is bullish again.
May-June is not a good month at this time. prepare your funds to buy at deep prices, it will be very helpful to be able to profit in a bearish market like this.

DarkDays

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I don't think so, it is still the early phase of the bull attack. Another leg of the ABCD pattern will take us below $25k, after the broken support line the panic will accelerate the process. After September, the BTC price can climb back to $50 in the best case.

Agreed that we are not yet clear of the red zone. It may looks like it but the trend is far from exponential rise.

The market might well continue to do exactly what id did a few days ago rise a little more be fore it reaches a new low, and of all the possible scenarios this is one I'm siding with most.

This is because there hasn't been any positive news or anything big that could send BTC back to its ATH. We still need to be patient.

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Quote from: insiderpro on May 23, 2021, 02:08:28 PM

Second week is about to end on 27th, we are almost done with the weak hands. Now it's time to bounce back to above 50k. Obviously not in a day or two, it will take at least two weeks more. Cheers !!

This was an orchestrated attack so I doubt those that did everything they could to shake weak hands are going to be satisfied that soon, they have scared away the ones with the weaker hands, that is true, but now should come the next step of their plan which is to shake the weak hands that are sightly more resistant.

So I think the current circumstances are going to last for 2 or 3 more months and this is going to force those weak hands to sell as they get desperate because the price does not recover, after that then we will see the recovery that we are expecting out of the market.

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Quote from: electronicash on May 24, 2021, 04:32:50 AM

Quote from: tvplus006 on May 24, 2021, 04:13:32 AM

Most traders have been expecting a market correction for a long time, but not everyone could have predicted that it would be so big. In my opinion, bitcoin has already sufficiently tested its support at the level of 30-31 thousand dollars and can move up after consolidation.

its possible that it will try again in the next few days. if the support on $27k gives, it should plummet. weak hands are really weak when they have no choice but to hold. until they find a reason to cash it out, they will just hodl their BTC.

but there is also posibilitey that $30k is what it is. it should be good to see the price going to seesaw on this range for a long time before trying again that $65k.

We are talking about weak hands but we are talking about the automatic sells as well and that could be one of the parts why we are down so much. When there is leverage trading going on, those futures are paid with "loans" basically and that means you have to sell your bitcoin and pay with USDT (or whatever they are using) to pay for your loan. When you have a long future and the price drops down, you get liquidated and your money is turned into dollars and that means bitcoin needs to be sold to cover that.

Well, when one of them happens, it drops and triggers the other and then that triggers the other and constantly drops the price constantly. Which is why I think it is quite important to realize that we are not doing something that is just panic sellers and weak hands but we are also dealing with automatic sells to cover the debt created by long futures as well.

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Quote from: insiderpro on May 23, 2021, 02:08:28 PM

Second week is about to end on 27th, we are almost done with the weak hands. Now it's time to bounce back to above 50k. Obviously not in a day or two, it will take at least two weeks more. Cheers !!

If people say bitcoin will increased, then i will support it. Because i will hold it and wait for next pump. If market goes down again, then i don't have any choices beside to hold more and wait for price bounced. People with low capital like me don't have a lot of options in market.

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Quote from: insiderpro on May 23, 2021, 02:08:28 PM

Second week is about to end on 27th, we are almost done with the weak hands. Now it's time to bounce back to above 50k. Obviously not in a day or two, it will take at least two weeks more. Cheers !!

waiting is still unconfirmed, because there is news that the futures contract will expire on May 28, and maybe it could cause another dump,
I hope the correction is only a little and insignificant, but for futures players in binance, I suggest you to be careful. heart, it could be a trap with you.
oh yes, Bitcoin on TF 4 hours has also broken out of the falling wedge pattern, LONG from now is a good for short term

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Quote from: poodle63 on May 24, 2021, 03:23:54 AM

I personally feels like at the current dip whales are accumulating btc Roll Eyes

and as you said its part of process elimination of the weak hands so the next bullrun
not gonna get disturbed seeing previous cycle also make me believe that were actually just in early stage of bullrun
see the market panic seller are actually cashing out a lot and whales keep accumulating as i see from various report if turns out this was just a correction all a long the next bullrun gonna be BIG but dont expect too much

Dips are manipulated by whales and they do plan to buy at dips.

The current dip is insane low and perfect for whales to accumulate, buy more and play their games again. Different targets are discussing with this bull run and I can not believe on any speculation. The only want I look at is S2SF model of PlanB. That model is insane correct and I believe it will be correct for this bull run too.

Quote from: tvplus006 on May 24, 2021, 04:13:32 AM

Most traders have been expecting a market correction for a long time, but not everyone could have predicted that it would be so big. In my opinion, bitcoin has already sufficiently tested its support at the level of 30-31 thousand dollars and can move up after consolidation.

The excessive depth of crash is from Future Open Interest liquidation and Margin liquidation. Maybe whales don't plan to make the deep too low like that but liquidations and crashes make it worse than whales planned to play.

Or whales planned everything and give solid support at $30,000 to keep the price does not drop to lower price that will kick off a terrible panic time for Bitcoin market. It can be out of control for whales so they don't want it to crash very lower than $30,000.

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Quote from: insiderpro on May 23, 2021, 02:08:28 PM

Second week is about to end on 27th, we are almost done with the weak hands. Now it's time to bounce back to above 50k. Obviously not in a day or two, it will take at least two weeks more. Cheers !!

I would not be too sure about this just yet but everyone does seem to like leaving on China news.

Expect a few more Elon Tweets, a few more calming words from Vitalik, some more regulations updates.

THEN we see where we are. Bounce back to 50k would cause a lot of safety and security feelings for more big buys into the market from institutionals. Cheers:)

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Quote from: crzy on May 23, 2021, 09:02:20 PM

Quote from: insiderpro on May 23, 2021, 02:08:28 PM

Second week is about to end on 27th, we are almost done with the weak hands. Now it's time to bounce back to above 50k. Obviously not in a day or two, it will take at least two weeks more. Cheers !!

The market didn't dump because of the weak hands, we also have to think the whales who are manipulating the market riding the negative news or even creating their own version of FUD. Anyway, whales is still playing in the market but hopefully to see some sign of life right before the end of the month, we are still not sure if the price of Bitcoin can go back to the price of $50k again, or we will continue this bear trend.

I don't think this is associated with weak hands because the pure market can be manipulated by anyone in power with millions of dollars to play with, so weak hands just go where it goes and this has become a bear trend.
We're still in the early bear phase but will this last? that means bitcoin is able to meet the challenge with a lot of bad news about FUD and you can say the 50k level is a small thing that can be passed again, believe that at this price it will be there soon.

still I will not celebrate anything just seeing how weak hands are always blamed even though behind it all there must be a controller behind it.

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Quote from: Ararbermas on May 24, 2021, 05:25:03 AM

Quote from: insiderpro on May 23, 2021, 02:08:28 PM

Second week is about to end on 27th, we are almost done with the weak hands. Now it's time to bounce back to above 50k. Obviously not in a day or two, it will take at least two weeks more. Cheers !!

actually it seems quite now unlike on the past few days wherein really made a constant change in the market because of some weak hands,, as you can see its still bleeding actually but not the same before when the market starts to stumble down.. Perhaps for now let's just keep our fingers crossed that this will end immediately and no another reason that can cause again some correction below from the current support as its still not showing green ..

I think the ups and downs of the market are a natural thing, when prices start to saturate, followed by price corrections. the important thing is we don't fight the current trend. besides that we have to see the news that is going on. like at this time where there is an Ellon statement and it is followed by a Chinese statement, so that it supports the occurrence of FUD. but rest assured the market will return looking for new peaks

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Honestly, people in crypto have short term memories. IMO we've seen many crashes like this, the last one I recall happened in March 2020. A lot of crypto got crushed at that time, and now here we are.

I tend to believe more and more that the market is irrational at this point, and those cycles might be a better indicator of the market instead of news since there's a lot of fud being replayed again and again.

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Quote from: insiderpro on May 23, 2021, 02:08:28 PM

Second week is about to end on 27th, we are almost done with the weak hands. Now it's time to bounce back to above 50k. Obviously not in a day or two, it will take at least two weeks more. Cheers !!

actually it seems quite now unlike on the past few days wherein really made a constant change in the market because of some weak hands,, as you can see its still bleeding actually but not the same before when the market starts to stumble down.. Perhaps for now let's just keep our fingers crossed that this will end immediately and no another reason that can cause again some correction below from the current support as its still not showing green ..

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Quote from: tvplus006 on May 24, 2021, 04:13:32 AM

Quote from: martina14 on May 23, 2021, 06:44:06 PM

Quote from: insiderpro on May 23, 2021, 02:08:28 PM

Second week is about to end on 27th, we are almost done with the weak hands. Now it's time to bounce back to above 50k. Obviously not in a day or two, it will take at least two weeks more. Cheers !!

The dumped of the Bitcoin price in the market was absolutely didn't expect by a lot of the community here in crypto space.
Still don't know when it will gonna bounce back dude, maybe because of the volatility it has and the market was too unpredictable as
well. But I do hope that it will spike once more and let's see what will happen next for this week.

Most traders have been expecting a market correction for a long time, but not everyone could have predicted that it would be so big. In my opinion, bitcoin has already sufficiently tested its support at the level of 30-31 thousand dollars and can move up after consolidation.

its possible that it will try again in the next few days. if the support on $27k gives, it should plummet. weak hands are really weak when they have no choice but to hold. until they find a reason to cash it out, they will just hodl their BTC.

but there is also posibilitey that $30k is what it is. it should be good to see the price going to seesaw on this range for a long time before trying again that $65k.

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It will definitely take more than 2 weeks to regain the volume as well as money into the BTC market. If it goes up as fast as it has come down then there will be an alt blood bath, which might be more of a negative news than positive. BTC has to go sideways and regain its lost strength before making an upward move.

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Quote from: martina14 on May 23, 2021, 06:44:06 PM

Quote from: insiderpro on May 23, 2021, 02:08:28 PM

Second week is about to end on 27th, we are almost done with the weak hands. Now it's time to bounce back to above 50k. Obviously not in a day or two, it will take at least two weeks more. Cheers !!

The dumped of the Bitcoin price in the market was absolutely didn't expect by a lot of the community here in crypto space.
Still don't know when it will gonna bounce back dude, maybe because of the volatility it has and the market was too unpredictable as
well. But I do hope that it will spike once more and let's see what will happen next for this week.

Most traders have been expecting a market correction for a long time, but not everyone could have predicted that it would be so big. In my opinion, bitcoin has already sufficiently tested its support at the level of 30-31 thousand dollars and can move up after consolidation.

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Quote from: ?? on ??

I don't think so, it is still the early phase of the bull attack. Another leg of the ABCD pattern will take us below $25k, after the broken support line the panic will accelerate the process. After September, the BTC price can climb back to $50 in the best case.

Although I would not celebrate yet (I almost did Thursday though), I feel like 25k is a bit tough and I really hope that you're wrong. Of course, on my logic September is also a bit too far for 50k levels.
However, I don't rule it out to have a few undecided weeks, if not even going a bit lower still..(but not under 30k). It depends though on the news (Taproot) and if any institutional investor starts buying big again.

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I personally feels like at the current dip whales are accumulating btc Roll Eyes

and as you said its part of process elimination of the weak hands so the next bullrun
not gonna get disturbed seeing previous cycle also make me believe that were actually just in early stage of bullrun
see the market panic seller are actually cashing out a lot and whales keep accumulating as i see from various report if turns out this was just a correction all a long the next bullrun gonna be BIG but dont expect too much

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Quote from: crzy on May 23, 2021, 09:02:20 PM

-snip-
Anyway, whales is still playing in the market but hopefully to see some sign of life right before the end of the month, we are still not sure if the price of Bitcoin can go back to the price of $50k again, or we will continue this bear trend.

For all those who have been in the market for a while, this is absolutely not a new situation now. This was already the case in 2013, it was also the case in 2017 (e.g. the BCH "attack") and now it is happening again in 2021. However, one thing was the case in 2013 and 2017, which I am hoping for again now ... a massive last "leg up":

Quote from: Lakai01 on May 23, 2021, 02:30:21 PM

Source

Of course, the market sentiment is different now, for example, there are many more institutions on board. Nevertheless, I believe that we may see a repeat of the market patterns of 2013 and 2017.

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Quote from: insiderpro on May 23, 2021, 02:08:28 PM

Second week is about to end on 27th, we are almost done with the weak hands. Now it's time to bounce back to above 50k. Obviously not in a day or two, it will take at least two weeks more. Cheers !!

The market didn't dump because of the weak hands, we also have to think the whales who are manipulating the market riding the negative news or even creating their own version of FUD. Anyway, whales is still playing in the market but hopefully to see some sign of life right before the end of the month, we are still not sure if the price of Bitcoin can go back to the price of $50k again, or we will continue this bear trend.

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Quote from: insiderpro on May 23, 2021, 02:08:28 PM

Second week is about to end on 27th, we are almost done with the weak hands. Now it's time to bounce back to above 50k. Obviously not in a day or two, it will take at least two weeks more. Cheers !!

The dumped of the Bitcoin price in the market was absolutely didn't expect by a lot of the community here in crypto space.
Still don't know when it will gonna bounce back dude, maybe because of the volatility it has and the market was too unpredictable as
well. But I do hope that it will spike once more and let's see what will happen next for this week.

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Don't celebrate yet as they are not done. Let have to accept that we in the bear season, the time has come already and we have to face this and besides, we have this crisis before but still we strong enough. If you are afraid that the market will be going to dip again, I might think of you as well that you are a weak person. Why not let the prices turn down? In fact, we can take the benefit out from this and this is the time we accumulate more.

I really don't blame weak hands for this, just to accept that not all the time we are in the bullish season like a roller coaster, up and down. That was so-called volatile.

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Second week is about to end on 27th, we are almost done with the weak hands. Now it's time to bounce back to above 50k. Obviously not in a day or two, it will take at least two weeks more. Cheers !!

Topic: Almost clear with the weak hands. (Read 681 times)