Bitcoin accumulation at all time high - page 3.

BlockchainWizard

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Quote from: Magic-Money on October 08, 2023, 11:44:27 AM

Bull Run is sure, it will come unexpected which is time to invest or buy more by accumulating more of Bitcoin, while waiting for next Bull Run and know one actually can tell exactly time Bull run market we start, but hopefully one day it we kick off, so the preparation is now.

No one can say for sure whether the past will repeat itself. They are all theories, but the signs are good that bitcoin will do well in the current macro situation. I recommend taking a differentiated approach and not relying mainly on bitcoin, but also investing part of your money in other asset classes.

krishnaverma

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Quote from: _Hiloveua_ on October 07, 2023, 09:17:25 AM

However, investment companies and big investors are already filling their bags, investing heavily. You can invest now if you want.

We should not compare our situation with them. They might be having higher risk appetite or the ability to wait longer.

Sarah Azhari

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Quote from: krishnaverma on October 07, 2023, 04:01:19 AM

They have accumulated 71555 btc in less than 6 weeks. Is this a sign of coming bull run now ?

Everyone can predict Bitcoin price in the future, whatever it is, $71K, 100k, 1M, etc. But, we don't have to forget if all the prediction in out there is not always true, they predict according to their analysis and calculation, so in that case, their predictions could be wrong, so don't use it as a basis for your decision. If I were you, I would compare it also on my data analysis, I will recalculate again to match the data above with my calculations, If fits and is suitable with the comparison, I will use it as a basis decision. But, again, the bitcoin price is unpredictable, the price is on real economic basic, supply and demand, and because of that, all the predictions could be wrong if there is any economic incident happen in the future.

Magic-Money

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Bull Run is sure, it will come unexpected which is time to invest or buy more by accumulating more of Bitcoin, while waiting for next Bull Run and know one actually can tell exactly time Bull run market we start, but hopefully one day it we kick off, so the preparation is now.

lizarder

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Quote from: krishnaverma on October 07, 2023, 04:01:19 AM

They have accumulated 71555 btc in less than 6 weeks. Is this a sign of coming bull run now ?

The possibility of a bull run coming is not determined by the Whales and maybe they understand the condition of bitcoin so they try to collect bitcoins before the halving arrives. Some time ago if I'm not mistaken there was a Whale who tried to sell bitcoin, but it did not show a large accumulation point towards the bull run process. Forget whales or anyone else and if you think bitcoin is one of the best investments, then all you need to do is collect it and you can learn how to do it like other people do.

Halving will show the level of investment achievement that we have made to produce maximum profits and if it is late we will not be able to get anything. So focusing on accumulating purchases is much better than thinking about Whales trying to do anything to make bitcoin soar or decrease, our job is just to think about how to collect as many bitcoins as possible to take advantage of before the halving happens.

salad daging

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Quote from: Solosanz on October 07, 2023, 04:33:43 AM

Flashback to few months ago, there was a whale sold his Bitcoins which he hold since 2017, it's a sign of bear market? look, is Bitcoin price keep declining since that news? nope. There's no correlation if a whale bought a lot Bitcoins, it has been predicted bull run will happen because of Bitcoin halving, not because of the whales.

https://crypto.news/ancient-bitcoin-whale-sells-all-his-coins-amounting-to-10-6m-profit/

Hahaha this is often associated with the same thing when the pope bought thousands of bitcoins they said bullrun when selling all of them said bearish, like this with dependence on the pope even though there is no correlation, but still some people see the news as a threshold for thinking bullrun or bearish seeing the movement of the pope.

Even if Saylor bought millions of dollars of bitcoin for his accumulation this is not any bullish sign now except many people expect after the halving and this event is what many are waiting for.

stompix

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Blackjack.fun

Plot twist
People are sending coins to exchanges to dump them! Grin

Now, joking aside this is another one of those useless data articles written by low paid journalism just to write something!
Let's analyze a bit the info:

Quote

#Bitcoin's mid to large sized wallets have gained steam in accumulating coins, adding 71,155 $BTC ($1.95B) in the past 6 weeks alone. The combined holdings of these addresses are within ~90K $BTC (0.59% away) from their 15.29M held in November, 2021.

So walletss holding between 1-10000k coins have gained 71,155 BTC!
Why the "71,155 $BTC" What the f is a $BTC?

Now, they gained 71 155 to reach 15 200 000 BTC.
Quick math rounding the numbers:
They held 15070000 coins out of 19463000 coins back in August, that's 77% percent before the accumulation period.
Between that day and today, there were 37 000 mined coins, so normally they would have got 30 000 BTC just out of the normal proportional distribution, but they got 40 000 extra, anyhow let's skip that and go for the final data, so they've jumped from 77.42 to 77.94!

Now how is this for a title?

Quote

2,289,019 addresses are now holding 77.94% instead of 77.42% of all the coins?

Anyhow if someone would have bothered to look at the chart before writing the article he could have made a far better one, actually addresses holding more than 10 BTC are losing % and those under 1 BTC are gaining, but, whales sound better than tuna grabbing coins.

It's actually this move that could bring some good news as it could mean a flight towards small-sized cold wallets and personal storage, but, that's not so clickbaitish, right?

Out of mind

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Quote from: krishnaverma on October 07, 2023, 04:01:19 AM

Source
https://cryptotale.org/bitcoin-whales-accumulate-71155-btc-in-6-weeks-nearing-all-time-high/

They have accumulated 71555 btc in less than 6 weeks. Is this a sign of coming bull run now ?

This is not a sign of a bull market, basically when the bitcoin halving happens right then and there. When a whale buys a lot of bitcoins, and he sells his bitcoins, it can be a sign of a bear market. Also, see after the whale bought so many bitcoins, but the bitcoin market didn't increase or decrease. So no matter how many bitcoins the whale buys, it has nothing to do with the bull market, the bull market in bitcoin will basically happen after the halving.

adaseb

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The issue with these charts is that they can still keep rising while bitcoin goes sideways or trades down. I used to study these charts alot and they are maybe good for predicting market tops (even bad at that to be honest) they are difficult to use to predict bottoms or dips.

Same with the Bitfinex LONG and Bitfinex SHORT positions. Usually during a bear market the LONGs are adding , but they keep adding and adding and adding and eventually it'll bottom but if you got in too quick following their signal you would of gotten a horrible entry. Just like the chart above, I don't find these to be good indicators at all.

Wiwo

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Quote from: Oshosondy on October 07, 2023, 04:57:20 AM

Quote from: krishnaverma on October 07, 2023, 04:01:19 AM

They have accumulated 71555 btc in less than 6 weeks. Is this a sign of coming bull run now ?

Some people will be waiting, thinking the price of bitcoin may fall. Even if bitcoin fall to $20000, those kind of people may still be waiting for the price to fall to $15000. It is better to buy now becuase bitcoin is going all-time-high. And bitcoin halving is getting closer everyday. You know what bitcoin halving is and how people are sentimental and buying bitcoin after halving which later lead to skyrocketed price. I do not think this is bull run for now, the price of bitcoin may still fall or not. But with doubts like this, it is good to DCA.

Yeah, taking the DCA approach serious at this point is the most smart move in preparation to the upcoming Bitcoin halving, and possible discount price to buy more before 2024 even though there has been noticeable buying appetite in the market with the Bitcoin daily transaction volumes touching all time in many times, and also a lot of Bitcoin wallet movement from exchange to cold wallet storage.

Many of those who have been in the market analysis for a long will know that this is the best time to buy more Bitcoin, and to make a balance in your holdings in terms of portfolio diversification between Bitcoin and USDT.

Faisal2202

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Quote from: krishnaverma on October 07, 2023, 04:01:19 AM

Source
https://cryptotale.org/bitcoin-whales-accumulate-71155-btc-in-6-weeks-nearing-all-time-high/

They have accumulated 71555 btc in less than 6 weeks. Is this a sign of coming bull run now ?

Thanks for sharing this wonderful news because now the market must revolve around this news for a short time. Because if they go for selling then the market will definitely dump otherwise market will go up because this is the biggest accumulation I have ever seen in such a short period. I hope they are planning to hold it for a long time and don't want to sell or dump the market.

As I said all things revolve around these players. Besides that, BTC prices not only depend on them but also in the long run it depend on the adoption and that is already known to those who are familiar with the potential of BTC. This means in the long run BTC is going up and there is no doubt about it but the dumps due to the artificial dumps of high selling pressure by whales are temporary

The amount is so huge that I am so excited and afraid at the same time. I hope they are not planning to do some bad. I always tried my best to remain as active as I could because the more we remain active and aware of such acts the more vastly we can react to the acts of such whales. But if they are planning to hold then it is a good thing and we should be ready for a uptrend.

tabas

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Quote from: franky1 on October 07, 2023, 07:49:35 AM

Quote from: tabas on October 07, 2023, 07:46:05 AM

Possible and whoever started this whole narrative about whales accumulating, sending, receiving, and selling Bitcoin in bulk, they always get to track them without even verifying if they've sold because it's hard to verify it even if it ends up on an exchange wallet. The thing with that is they'll just speculate that those balances are about to be sold. And with these "whales" accumulating or having more Bitcoin, the closest one that we can think of doing it are the none other than but exchanges.

also to note when people deposit BTC into an exchange. it doesnt mean they will sell for fiat to cause a price change of bitcoin price. they may trade it for a altcoin, meaning not touching the btc-usd market order list

That's true, no one knows if that's going to be dumped into fiat or might just be replaced by an altcoin or by a stablecoin. That's why it's hard to verify if they really sold it there. But if there's any means of doing that as if with these reports, then that should be backed with solid data for them to relay to their audience that these whales are really something else. And with all trackers and stuff that they have monitoring their movements seems no longer exciting anymore. Because every single move that they do even if it's just a normal transfer, they're romanticizing it.

_Hiloveua_

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Quote from: Don Pedro Dinero on October 07, 2023, 09:21:16 AM

Quote from: _Hiloveua_ on October 07, 2023, 09:17:25 AM

1. Bitcoin halving.
2. 2024 - 2025 bull run.
You can invest in Bitcoin for bull run. Then you can profitI think during the bull run, the price will cross the highs. However, investment companies and big investors are already filling their bags, investing heavily. You can invest now if you want.

In my case, I am even thinking about the cycle after that, the one that will start in 2028, as I believe that a couple of cycles are the minimum necessary to amass serious bitcoin wealth. I sold a good part of what I accumulated in the previous cycle during the last bull run, although I kept some of it. Now I am planning to sell a little and accumulate more, although it is a bit difficult to be so patient. I think the fact that more and more bitcoins are being accumulated by the whales indicates that I am not too far off track.

Looking at your 2028 cycle plan, I think there should be several more investments. But my fund condition is a little weak. Due to all the reasons, I have been able to invest less amount. I want to sell 80% of my invested Bitcoin in the next bull run. And I will collect again with 70% of the profit I get. Yes, it is very difficult to hold on until 2028. But if you want to get something good, you have to do it.

bayu7adi

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Accumulation, in my opinion, can be intimidating as it can be a catalyst for the market to turn bearish. While this accumulation phase may appear smooth, and the market seems unperturbed, the potential for a market crash looms when these savings are sold off in a single instance, depending on the balance volume.

I view this with caution as a potential bearish signal that could strike at any time. The movement of these wallets should also be monitored with the same vigilance as we would other whale wallets.

Negotiation

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Quote from: krishnaverma on October 07, 2023, 04:01:19 AM

Source
https://cryptotale.org/bitcoin-whales-accumulate-71155-btc-in-6-weeks-nearing-all-time-high/

They have accumulated 71555 btc in less than 6 weeks. Is this a sign of coming bull run now ?

You should also check the intrinsic value of the cryptocurrency during price drops or bull trends. A dip is a common term used in financial markets to describe the accumulation of wealth during a short term decline in market prices. A bear market is an increase in falling prices and a bull market is when experienced investors buy when prices fall and profit when prices later rise. Buying dips as markets fall can be risky because it's hard to tell when the drop will stop it is better to hold bitcoin long term even if the bull cycle runs it guarantees the biggest win.

cryptomaniac_xxx

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Quote from: krishnaverma on October 07, 2023, 04:01:19 AM

Source
https://cryptotale.org/bitcoin-whales-accumulate-71155-btc-in-6-weeks-nearing-all-time-high/

They have accumulated 71555 btc in less than 6 weeks. Is this a sign of coming bull run now ?

Regardless of the cycle though, I think everyone knows that bitcoin supply is going to dwindle and it's going to be scarce as well. So with the coming bull run, everyone is on the rush to collect and save as much bitcoin as they can in order to get huge profits in the future. But it doesn't mean though that they will have to sell everything in 2024-2025 or stop accumulating during bull cycles. We should continue and then obviously HODL as much as we can. It's going to be a mental game for the rest of us here as we all know that it will take sometime to accumulate specially for average joe like the majority of us.

Don Pedro Dinero

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Quote from: _Hiloveua_ on October 07, 2023, 09:17:25 AM

Now we are in the best time to invest in Bitcoin. If you want to understand the future of Bitcoin, you see two reasons.

1. Bitcoin halving.
2. 2024 - 2025 bull run.

You can invest in Bitcoin for bull run. Then you can profitI think during the bull run, the price will cross the highs. However, investment companies and big investors are already filling their bags, investing heavily. You can invest now if you want.

In my case, I am even thinking about the cycle after that, the one that will start in 2028, as I believe that a couple of cycles are the minimum necessary to amass serious bitcoin wealth. I sold a good part of what I accumulated in the previous cycle during the last bull run, although I kept some of it. Now I am planning to sell a little and accumulate more, although it is a bit difficult to be so patient. I think the fact that more and more bitcoins are being accumulated by the whales indicates that I am not too far off track.

_Hiloveua_

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Quote from: krishnaverma on October 07, 2023, 04:01:19 AM

Source
https://cryptotale.org/bitcoin-whales-accumulate-71155-btc-in-6-weeks-nearing-all-time-high/

They have accumulated 71555 btc in less than 6 weeks. Is this a sign of coming bull run now ?

I believe there is no time to waste now. Because we are in the best time to invest in Bitcoin. I am investing about 70 percent of my fund in Bitcoin. And the remaining 30 percent invested in other altcoins. I hope my investment will not turn into a loss. If you want to understand the future of Bitcoin, you see two reasons.
1. Bitcoin halving.
2. 2024 - 2025 bull run.
You can invest in Bitcoin for bull run. Then you can profitI think during the bull run, the price will cross the highs. However, investment companies and big investors are already filling their bags, investing heavily. You can invest now if you want.

Lorence.xD

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Quote from: Oshosondy on October 07, 2023, 04:57:20 AM

Quote from: krishnaverma on October 07, 2023, 04:01:19 AM

They have accumulated 71555 btc in less than 6 weeks. Is this a sign of coming bull run now ?

Some people will be waiting, thinking the price of bitcoin may fall. Even if bitcoin fall to $20000, those kind of people may still be waiting for the price to fall to $15000. It is better to buy now becuase bitcoin is going all-time-high. And bitcoin halving is getting closer everyday. You know what bitcoin halving is and how people are sentimental and buying bitcoin after halving which later lead to skyrocketed price. I do not think this is bull run for now, the price of bitcoin may still fall or not. But with doubts like this, it is good to DCA.

It's possible for Bitcoin to reach below $20,000 this year, so there's nothing wrong if some people are patient enough for Bitcoin's price to drop. But due to Bitcoin's volatility and unexpected price, it would be better to secure and accumulate Bitcoin as soon as possible so you wouldn't miss the upcoming halving. But from OP's post it seems like it's just a normal transaction made by a whale or group so there's no need to fear of missing out. Safest thing to do if you're confuse in this time is to stick with DCA method. Just double check the sources of the information cause sometimes it's fake to cause fomo to people.

OcTradism

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Quote from: mk4 on October 07, 2023, 08:17:03 AM

Reminder: Bitcoin whales are people with huge amounts of money, they're not people who have magic crystal balls. You people really need to stop over-glorifying whales as if they never get things wrong from time to time and that they have total control over markets.

Bitcoin whales can do their games and manipulations but they can succeed or fail because they are Bitcoin whales and are almost nothing in other aspects of society, nation and the globe. Their manipulations will be affected by governments, central banks and many issues from geo-politics, global financial, economic status.

Bitcoin whales even have to fearful that their manipulations will fail but they are long term so if they fail this year, next year, they will sit back, relax and come back with new manipulative strategies. They are well but speculators will have more difficulties to keep their capital safely when their speculation is not like how market actually moves.

Bitcoin whales have many different plans, A, B, C or more but speculators usually only have plan A.

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