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Topic: Bitcoin ATH - those responsible. (Read 364 times)

beerlover
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Bitcoin ATH - those responsible.
April 21, 2021, 03:32:09 PM
#56
Quote from: SquallLeonhart on April 21, 2021, 07:39:34 AM
Quote from: kawetsriyanto on April 16, 2021, 04:24:55 PM
The long-term holders have a big contribution as well. If all long-term holders sell their Bitcoin, I think the rice of Bitcoin probably suddenly drops in the market because of the increase of the supply. Well, all the parties basically contribute to support the Bitcoin ATH.
In my perspective only long-term holders are having big role in building new ATHs; buyers and sellers are having their own reasons to do so but whenever there will be less number of sell orders then we will have huge rally which will end up in setting up new ATH. So, the role of long-term holders must be vital. If we need to thank shorters are providing liquidity then we must treat in the same way for longers as well.
There is a good amount of miners who are making money right now. The "base" income for all miners is daily 50 million dollars, if they keep selling 50 million dollars per day every day, that will drop the price for sure, if they keep some of that it will not impact. Obviously the crypto world is much bigger than just 50 million dollars and we can recover that, but it is still a good chunk of money, put the transfer fee's on top of that and they might be making a huge amount of money per day.

This is why I think it is quite important to realize if they are selling right now or not, if you have 80+ million dollar sell pressure from miners, it is going to  take 80+ million dollars just to break even that day. Which is why I know that whales matter a lot, but miners matter even more as well if you ask me, what they do decides what the market will do.
jossiel
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Re: Bitcoin ATH - those responsible.
April 21, 2021, 02:19:11 PM
#55
Quote from: rodskee on April 21, 2021, 12:55:56 AM
Quote from: jossiel on April 20, 2021, 04:23:52 PM
Quote from: rodskee on April 20, 2021, 06:05:59 AM
Our advantage as Buyers/Holders is when those people shows their Weak hands and sells off while the market is in some kind of reddish .
There could be really weak hands but for the others who have sold, we'll never know if they've done that on purpose and there's an emergency that they have to spend the fiat that they've needed upon selling.
Wish that they really spent their coins for emergency purpose and not just for their Weak personality and hands.

and also good to know if they tend to sell those coins just to Buy again when the value falls down badly to add in their folio.
That's what we are pointing out about those people who have sold, we're saying that they're probably weak hands but behind it, we'll never know if those are the times that they have no choice but to sell because they really need it.

Quote from: rodskee on April 21, 2021, 12:55:56 AM
Quote from: rodskee on April 20, 2021, 06:05:59 AM
and also i love to see them doing this because it is advantageous in my part to buy more before the Pump comes.
That's always the case. When many have been selling, there's always the buyers that have been waiting for that moment. Take it before the institutions take more what's on sale.
But the sad part is after selling the value continues to climb up and ended up as they aer frustrating to buy again.
It could be the sad part but you'll just look at the price when you've sold, there's no looking back on it unless you want to buy back and you're determined doing it.
SquallLeonhart
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Re: Bitcoin ATH - those responsible.
April 21, 2021, 07:39:34 AM
#54
Quote from: kawetsriyanto on April 16, 2021, 04:24:55 PM
The long-term holders have a big contribution as well. If all long-term holders sell their Bitcoin, I think the rice of Bitcoin probably suddenly drops in the market because of the increase of the supply. Well, all the parties basically contribute to support the Bitcoin ATH.
In my perspective only long-term holders are having big role in building new ATHs; buyers and sellers are having their own reasons to do so but whenever there will be less number of sell orders then we will have huge rally which will end up in setting up new ATH. So, the role of long-term holders must be vital. If we need to thank shorters are providing liquidity then we must treat in the same way for longers as well.

Quote from: rodskee on April 21, 2021, 12:55:56 AM
Wish that they really spent their coins for emergency purpose and not just for their Weak personality and hands.
I'm seeing a change in trend on people's mindset like where they prefer to spend their bitcoins; some people were commenting like they are even afraid to buy Tesla car for one bitcoin because that might lead to be regretting how that pizza buyer might be doing right now. I welcome this change.

rodskee
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Re: Bitcoin ATH - those responsible.
April 21, 2021, 12:55:56 AM
#53
Quote from: jossiel on April 20, 2021, 04:23:52 PM
Quote from: rodskee on April 20, 2021, 06:05:59 AM
Our advantage as Buyers/Holders is when those people shows their Weak hands and sells off while the market is in some kind of reddish .
There could be really weak hands but for the others who have sold, we'll never know if they've done that on purpose and there's an emergency that they have to spend the fiat that they've needed upon selling.
Wish that they really spent their coins for emergency purpose and not just for their Weak personality and hands.

and also good to know if they tend to sell those coins just to Buy again when the value falls down badly to add in their folio.

Quote from: rodskee on April 20, 2021, 06:05:59 AM
and also i love to see them doing this because it is advantageous in my part to buy more before the Pump comes.
That's always the case. When many have been selling, there's always the buyers that have been waiting for that moment. Take it before the institutions take more what's on sale.
But the sad part is after selling the value continues to climb up and ended up as they aer frustrating to buy again.
slapper
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Re: Bitcoin ATH - those responsible.
April 20, 2021, 09:50:10 PM
#52
Quote from: RealMalatesta on April 19, 2021, 08:32:30 AM
Quote from: el kaka22 on April 16, 2021, 11:38:56 PM
What is the alternative, keep all of your bitcoin until you die and then tell your kids to hold them until they die so forth forever? That makes no sense at all, if you are not using it, it worths zero.
I don't think so. No one is enforcing you to hold bitcoin forever but people are always emphasizing to use bitcoin instead of encashing it. Because, one day we will be able to buy everything for bitcoins and the right now I guess that I'm able to buy more than 50% of my life's need for bitcoins even I'm not from tier1 countries.

I guess there will be no sin if you get to inherit some portion of the bitcoin stash to your next generations. Because, definitely you will be doing that with fiats and properties then why not with bitcoins. It means you do not need to spend all your bitcoins within your lifetime.
People in my country are not allowed to use bitcoin no matter the purpose is. And even if bitcoin is legalized, i guess holding is the main target of most people. Selling bitcoin or using bitcoin for daily needs are considered insane because you might be in a depth of regret. As usual, the price of bitcoin always increase over years. Threads and discussion are made to express how awful they feel when they use their bitcoin to buy nonsense things (including pizza)

Thus, I accumulate my bitcoin for myself as well as my next generation
Ridwan Fauzi
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Re: Bitcoin ATH - those responsible.
April 20, 2021, 05:28:36 PM
#51
Everyone who hold bitcoin will eventually sell their bitcoin as long as the target price that they want has been reached. They need to take profit from their investing plan, I don't know what will they do if they keep hold their bitcoin and make another high target maybe they will be regret at the end.

Greatfully, bitcoin is getting accepted by most people day by day so as we don't need to worry anymore for bitcoin price meet a huge crash like 2018 ago. Although, there will be a chance for price movement meet a correction but I don't think it will be like 2018 ago. There will be many people who will choose long term holder since the strategy is still promising to them.
jossiel
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Re: Bitcoin ATH - those responsible.
April 20, 2021, 04:23:52 PM
#50
Quote from: rodskee on April 20, 2021, 06:05:59 AM
Our advantage as Buyers/Holders is when those people shows their Weak hands and sells off while the market is in some kind of reddish .
There could be really weak hands but for the others who have sold, we'll never know if they've done that on purpose and there's an emergency that they have to spend the fiat that they've needed upon selling.

Quote from: rodskee on April 20, 2021, 06:05:59 AM
and also i love to see them doing this because it is advantageous in my part to buy more before the Pump comes.
That's always the case. When many have been selling, there's always the buyers that have been waiting for that moment. Take it before the institutions take more what's on sale.
rodskee
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Re: Bitcoin ATH - those responsible.
April 20, 2021, 06:05:59 AM
#49
Quote from: Oyarebu on April 14, 2021, 04:19:29 AM
Cheesy With profound gratitude and deep appreciation to those who short-sold their Bitcoin for this moment to be realistic, I think you’ll. Believe me, without them this moment shouldn’t have been possible, so, we the long hodlers say thanks, more liquidity still in need from these sellers.
Our advantage as Buyers/Holders is when those people shows their Weak hands and sells off while the market is in some kind of reddish .
and also i love to see them doing this because it is advantageous in my part to buy more before the Pump comes.
Quote from: Assface16678 on April 15, 2021, 10:25:10 PM
we also have to mention the lost coins as they are a big contributor too.
Lost coins ? what do Holders have to do with it?
darewaller
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Re: Bitcoin ATH - those responsible.
April 20, 2021, 05:48:29 AM
#48
Quote from: RealMalatesta on April 19, 2021, 08:32:30 AM
I guess there will be no sin if you get to inherit some portion of the bitcoin stash to your next generations. Because, definitely you will be doing that with fiats and properties then why not with bitcoins. It means you do not need to spend all your bitcoins within your lifetime.
I guess all long-term holders must be planning for saving bitcoin for their grandchildren as well. Because it is already proven that bitcoin is getting more value over the time hence instead of spending all the bitcoins right away, it would be a better idea if we save any little amount of bitcoin now that would become more valuable in future.

Quote from: RealMalatesta on April 19, 2021, 08:32:30 AM
It means you do not need to spend all your bitcoins within your lifetime.
I do see it is just a personal preferences. Definitely varies across individuals. And moreover not in all cultures, parents are saving for their children; they just inherit only knowledge and values.
RealMalatesta
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Re: Bitcoin ATH - those responsible.
April 19, 2021, 08:32:30 AM
#47
Quote from: el kaka22 on April 16, 2021, 11:38:56 PM
What is the alternative, keep all of your bitcoin until you die and then tell your kids to hold them until they die so forth forever? That makes no sense at all, if you are not using it, it worths zero.
I don't think so. No one is enforcing you to hold bitcoin forever but people are always emphasizing to use bitcoin instead of encashing it. Because, one day we will be able to buy everything for bitcoins and the right now I guess that I'm able to buy more than 50% of my life's need for bitcoins even I'm not from tier1 countries.

I guess there will be no sin if you get to inherit some portion of the bitcoin stash to your next generations. Because, definitely you will be doing that with fiats and properties then why not with bitcoins. It means you do not need to spend all your bitcoins within your lifetime.
LUCKMCFLY
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Re: Bitcoin ATH - those responsible.
April 17, 2021, 03:16:46 PM
#46
Quote from: royalfestus on April 16, 2021, 04:19:34 PM
Quote from: LUCKMCFLY on April 14, 2021, 01:35:59 PM
It is necessary to highlight that in 2018 when Bitcoin had its fall from $20k to $10k most investors believed that the price would reach $ 50k, when they saw the fall to less than $ 10k they began to sell due to the huge panic that was unleashed, the news can sometimes drive anyone crazy and more so when it comes to money.

Many people who entered to buy at $ 20k, the whales began to sell, it was in its Distribution stage and the end of the bullish trend stage, no one expected it to have been so fast, so the whales' strategy had changed (they took advantage bad news and panic at the time) those who bought at $ 20k and sold at less than $ 5k was a very bad move, I know there was, because the force of the "shorts" at the time was to snatch those Bitcoin that he had bought in  ATH.

Today those who did not sell are having very good profits, there are many responsible, but the lesson of this is that Bitcoin with the passage of time is valued much more and that its average accumulation stage is usually between 3-4 years, until now.

Personally, I think there is much more to raise the price, the uptrend has not started yet with 100% of the whales, I interpret these movements due to the high institutional investment in the market.


The institutional investment in bitcoin had been massive since last year, both for renown investors and private investors with the aim of holding it longer than retail investors had done in the past. The effect of the accumulation took a while before it affected the price. If they have to break the previous all time high I believe it will be very smart to have started early like we saw however, the bear market was not that short, over 2 years      
You are right, what happens is that I took it into account because in 2014 to 2017 there was an accumulation stage, I think that since 2018 the other accumulation stage began, it is sometimes difficult to determine, according to an article they speak about this now, for now thank you there is much more expectation for Coinbase on Wall Street:

Quote
"Now some $BTC technical analysis. Bitcoin has broken out of an accumulation range of over 1000 days. This usually results in long extensions. Currently, the increase over the previous ATH is only 200%."

Source: https://cointelegraph.com/news/bitcoin-dips-under-60-000-what-s-pulling-down-btc-price

It could be said that the Bitcoin market is giving great changes due to the entry of all those institutional investors, this gives more solidity to the market.
el kaka22
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Re: Bitcoin ATH - those responsible.
April 16, 2021, 11:38:56 PM
#45
Quote from: Becky666 on April 16, 2021, 05:42:25 AM
Quote from: Oyarebu on April 14, 2021, 04:19:29 AM
Cheesy With profound gratitude and deep appreciation to those who short-sold their Bitcoin for this moment to be realistic, I think you’ll. Believe me, without them this moment shouldn’t have been possible, so, we the long hodlers say thanks, more liquidity still in need from these sellers.
That's sarcastic mate, don't expect these sellers to hold their coins till infinity, what about those who fell into problems and they need to solve they problems? won't they sell part of their holding?, believe me that the system wont help anyone without they use what they have in their hands. If there is a problem and these coins has the solution then they should be sold out for help. We all provide liquidity in different ways in this market.
I am a bitcoin maximalist, and I believe bitcoin will be over 500k one day, and even I do not plan on holding my coins forever. There are two options for me (well third one is failing but that is not really an option is it, that's forced result) either my bitcoins will worth so much that one day I will be capable of finally retiring and being very comfortable in my life, without worrying about money and just focusing on living a great life, or there will be bitcoin used all around the world, like without need of fiat, so I will just use my bitcoins instead of ever using fiat again.

In both cases I will have lesser bitcoins, and they are pretty good reason to use your coins. What is the alternative, keep all of your bitcoin until you die and then tell your kids to hold them until they die so forth forever? That makes no sense at all, if you are not using it, it worths zero.
Hippocrypto
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Re: Bitcoin ATH - those responsible.
April 16, 2021, 06:26:20 PM
#44
Quote from: Oyarebu on April 14, 2021, 04:19:29 AM
Cheesy With profound gratitude and deep appreciation to those who short-sold their Bitcoin for this moment to be realistic, I think you’ll. Believe me, without them this moment shouldn’t have been possible, so, we the long hodlers say thanks, more liquidity still in need from these sellers.

Sellers aren't helping but they made the transaction more active everytime btc market changes every minute. Short time sellers took their profit through cost averaging, and not an entire dump in order to sustain with continuous rising trend.
Let's give all of us a warm welcome of success, because without patience we won't attain what we are experiencing today. So take a deep breath, we're going to a brighter journey of btc ATH soon.
jossiel
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Re: Bitcoin ATH - those responsible.
April 16, 2021, 05:07:06 PM
#43
Quote from: Assface16678 on April 15, 2021, 10:25:10 PM
I think that everyone involved in the market contributed to the ATH of bitcoin, I meam the hodlers should be a big part of that because they are the ones that are whittling down the supply and making the prices go higher because they create a sense of scarcity, we also have to mention the lost coins as they are a big contributor too.
If it's not for the people who hold bitcoin, there won't be any market on it. But those facts that you've said about lost bitcoins forever which makes the supply lesser will contribute in the long run.

Quote from: kawetsriyanto on April 16, 2021, 04:24:55 PM
Quote from: Darker45 on April 14, 2021, 08:58:26 AM
Thanks to them, but thanks to the buyers also. Without them, those sell orders wouldn't have been filled.
Indeed. Not only those who sell their Bitcoin, but the buyers also have a big role. Both of them have a big contribution to support the Bitcoin ATH. I also one of them who sell Bitcoin, but only a few of all the Bitcoin I have. So, just thanks to me, guys!  Cheesy
Thanks to you and to everyone who has been holding and selling, we're all contributing to the economy of bitcoin and to those who are also paying high fees.  
kawetsriyanto
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Re: Bitcoin ATH - those responsible.
April 16, 2021, 04:24:55 PM
#42
Quote from: Darker45 on April 14, 2021, 08:58:26 AM
Thanks to them, but thanks to the buyers also. Without them, those sell orders wouldn't have been filled.
Indeed. Not only those who sell their Bitcoin, but the buyers also have a big role. Both of them have a big contribution to support the Bitcoin ATH. I also one of them who sell Bitcoin, but only a few of all the Bitcoin I have. So, just thanks to me, guys!  Cheesy

The long-term holders have a big contribution as well. If all long-term holders sell their Bitcoin, I think the rice of Bitcoin probably suddenly drops in the market because of the increase of the supply. Well, all the parties basically contribute to support the Bitcoin ATH.

royalfestus
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Re: Bitcoin ATH - those responsible.
April 16, 2021, 04:19:34 PM
#41
Quote from: LUCKMCFLY on April 14, 2021, 01:35:59 PM
It is necessary to highlight that in 2018 when Bitcoin had its fall from $20k to $10k most investors believed that the price would reach $ 50k, when they saw the fall to less than $ 10k they began to sell due to the huge panic that was unleashed, the news can sometimes drive anyone crazy and more so when it comes to money.

Many people who entered to buy at $ 20k, the whales began to sell, it was in its Distribution stage and the end of the bullish trend stage, no one expected it to have been so fast, so the whales' strategy had changed (they took advantage bad news and panic at the time) those who bought at $ 20k and sold at less than $ 5k was a very bad move, I know there was, because the force of the "shorts" at the time was to snatch those Bitcoin that he had bought in  ATH.

Today those who did not sell are having very good profits, there are many responsible, but the lesson of this is that Bitcoin with the passage of time is valued much more and that its average accumulation stage is usually between 3-4 years, until now.

Personally, I think there is much more to raise the price, the uptrend has not started yet with 100% of the whales, I interpret these movements due to the high institutional investment in the market.


The institutional investment in bitcoin had been massive since last year, both for renown investors and private investors with the aim of holding it longer than retail investors had done in the past. The effect of the accumulation took a while before it affected the price. If they have to break the previous all time high I believe it will be very smart to have started early like we saw however, the bear market was not that short, over 2 years      
Raflesia
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Re: Bitcoin ATH - those responsible.
April 16, 2021, 03:43:30 PM
#40
Quote from: taufik123 on April 14, 2021, 01:33:25 PM
Several companies and agencies have started to step in and make prices rise then FOMO continues until BTC is able to reach a new ATH at a price of $ 63k. some beginners also joined because of the huge potential of bitcoin. Those who buy at high prices believe that bitcoin will continue to rise. and those who sold bitcoin during ATH were those who had bought bitcoin at low prices before this ATH happened. The most important thing is the profit you get.

Bitcoin will not continue to rise, there will be some corrections that do have to occur. When a correction occurs, there will be more people who panic to sell bitcoin so that the price will drop more drastically. well this is a good chance to get in.
In fact, I, even more, believe with the many agencies that have dropped a lot just to acquire bitcoin will continue to reach ATH throughout this year, and there is so much positive news around the world about bitcoin that more and more communities will come to buy bitcoin as a significant advantage and here we can tell which one is more attractive because the fast movement makes a bigger profit because that is the hope of every trader or investor.

Regarding the correction that is happening, it will not be so deep panic that people will be so relaxed and ready to enter when the correction, after I have observed before, there has never been a drastic decline, precisely with the correction of bitcoin it can bounce again.
jostorres
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Re: Bitcoin ATH - those responsible.
April 16, 2021, 12:51:26 PM
#39
Quote from: bitgolden on April 15, 2021, 03:32:20 PM
You just bring a different perspective but always there are some traders who will be buying and selling at each and every price levels because of their technical and fundamental analysis. Even people who are following same kind of strategies, due to different time frame they are following they will get into/exit from at different price levels regardless of they are using same strategies.
Yeah OP's concern must be an unique one but if there were no sellers in-between price levels then we might have tested some big levels by this time; I am seeing those shorters as a hurdles in the passage of price movements. I agree they are the liquidate providers but without them also we might have reached where we have bitcoin today but most people might have not got chances to buy bitcoins cheaper than they entered in-between price levels.

Probably people who entered (like microstrategy who started buying bitcoins after 10k price levels) lately still got enough volume they wanted, might need to thank those liquidate providers as per OP's view.
LUCKMCFLY
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Re: Bitcoin ATH - those responsible.
April 16, 2021, 12:06:55 PM
#38
This global event such as Covid-19 has made many mentalities change, it was presumed that for the years 2020-2021 the world economy would suffer another crash, similar to 2008, the pandemic has changed the entire economic approach, many gold investors had Strong gains in 2020, while Bitcoin suffered the ravages of the covid-19 panic, although the market quickly recovered, 2021 is making a difference from the history of Bitcoin, new ATH, this April is presumed to be explosive, according to Pantera believes that by 2022 it will be $200K and for this month of August it will be $115k.

For Pantera, he believes that those responsible for this ATH and those who will come is from the immense incoming institutional investment, particularly I also think the same.

Quote
The rally we are seeing today is no different than past run-ups, except now there is unprecedented institutional backing, says Pantera CEO Dan Morehead
Morehead doesn’t see rally stalling anytime soon

Source: https://blockworks.co/pantera-stays-bullish-on-bitcoin/
Becky666
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Re: Bitcoin ATH - those responsible.
April 16, 2021, 05:42:25 AM
#37
Quote from: Oyarebu on April 14, 2021, 04:19:29 AM
Cheesy With profound gratitude and deep appreciation to those who short-sold their Bitcoin for this moment to be realistic, I think you’ll. Believe me, without them this moment shouldn’t have been possible, so, we the long hodlers say thanks, more liquidity still in need from these sellers.
That's sarcastic mate, don't expect these sellers to hold their coins till infinity, what about those who fell into problems and they need to solve they problems? won't they sell part of their holding?, believe me that the system wont help anyone without they use what they have in their hands. If there is a problem and these coins has the solution then they should be sold out for help. We all provide liquidity in different ways in this market.
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