Bitcoin millioniares will crash Bitcoin to $400

olumyd

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Quote from: First77 on May 21, 2018, 11:13:33 PM

People who brought Bitcoin at $50 or $100 or $400, they will sell at $1,000 or $5,000 or $10,000 to be a millionaire. If they do not sell Bitcoin and bitcoin goes back to $2,000 or $1,000, they will lose their millions ($$$$$)

The logic is rather simple, since they became millionaires by being early adopters with no prior knowledge of how much price growth will be accrued over the years, they are most likely to hodl to see if they'll become billionaires. And the wise ones will simply go into full-time cryptocurrency trading and investments to amass more digital assets. All investors don't think alike, while some may think of dumping, others appreciate the value of the tech itself and how much further disruptions can take place.

Lan75

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Quote from: Quesdana on May 22, 2018, 05:27:26 PM

Quote from: Nerman on May 21, 2018, 11:44:13 PM

Well that is only a speculation but there are also investors who are not yet convince that Bitcoin price will end rising yet. Perhaps they would to wait more and sell when it is already six digits. There are a lot of investors of Bitcoin that are confident that bullish run of Bitcoin in not yet done.

Yeah that's right the bullish run is not yet beginning and as I've observed lately the bearish also takes over in the current trading activities. The bitcoin billionaires doesn't seem to be planning more pumping movement, as time will come as we take more effort to gain good profit when patience is over before price will be achieved.

The bearish market is i think due to the manipulation of whales and they want bitcoin's value at this range. If there is a pump soon then we should be vigilant if that pump is not due to whales who just want to gain profit. I also see a lot of support of bitcoin at $6K range so i think it will not go below this value.

Thirdspace

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Quote from: First77 on May 21, 2018, 11:13:33 PM

People who brought Bitcoin at $50 or $100 or $400, they will sell at $1,000 or $5,000 or $10,000 to be a millionaire. If they do not sell Bitcoin and bitcoin goes back to $2,000 or $1,000, they will lose their millions ($$$$$)

why now? why not when it was $16,000 or $12,000?
wouldn't they have done this when bitcoin dropped to $16,000 from its peak ~$20,000?
$400 to $16,000 is 4000% increase, $100 to $16,000 is 16000% increase Shocked

that's high enough to cash out
for all I know they could be the reason why we're at ~$7,000 now, crashed/dropped from ~$20,000

Slow death

legendary

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Quote from: First77 on May 21, 2018, 11:13:33 PM

[...]

you again, haff because you insist so much that bitcoin will fall to 2000 $, in this thread you did not talk about it, but it seems to me that your intention is to once again want to destroy the bitcoin image, just read your post history to realize that you do not like bitcoins. let's see:

Quote from: First77 on June 07, 2018, 06:57:47 AM

Now Ripple is at $0.60. I read that Ripple is heavily centralized, working with big banks and money transfer companies like Moneygram and Western Union.

Only when Bitcoin goes to $16,000 there will be 100% profit. That is too high when Bitcoin was $200 in year 2013. Who has $8000 to buy 1 Bitcoin when all the signs say Bitcoin going back to $2,000 ?

Will people sell Bitcoin at $8,000 and take back the money when $8,000 can be invested in many places

Quote from: First77 on June 07, 2018, 06:54:08 AM

Quote from: okala on June 07, 2018, 01:41:50 AM

If bitcoin can get to $19,000 it is going to be through very serious fundamentals issues and at that price this time around people will still be buying. I didn't think that all us will be selling at the same time but I believe they are going to be people that are still going to be buying and it might be an institutional buying.

Bitcoin $1 to $10,000 in 9 years has broken all the fundamentals and logics. Bitcoin is going back to $2,000.

Quote from: ?? on ??

Selling begins at $10,000. Bitcoin going back to $2,000 from all the writings

Why do you think about this $ 2000?

Quote from: First77 on June 07, 2018, 09:41:50 AM

When other billionaires like Warren Buffet, Jack Ma and others are negative for Bitcoin.

nobody should care about them

Quadrant75

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Quote from: First77 on May 21, 2018, 11:13:33 PM

People who brought Bitcoin at $50 or $100 or $400, they will sell at $1,000 or $5,000 or $10,000 to be a millionaire. If they do not sell Bitcoin and bitcoin goes back to $2,000 or $1,000, they will lose their millions ($$$$$)

Maybe you are right but for me i think it would not happen because there are people who are waiting for bitcoin's value to reach $1K to buy some.

HatakeKakashi

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It's their choice if you want to sell their bitcoin or not. But your right if the bitcoin holder who bought bitcoin and keep it for longtime they are now millionaire but if the bitcoin price decrease like the price that you said they lose a lot of profit that possible you get. Maybe they wait the price to increase like 10k dollars or upto 20k dollars again like what happen to december.

coinluisa

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Quote from: First77 on May 21, 2018, 11:13:33 PM

People who brought Bitcoin at $50 or $100 or $400, they will sell at $1,000 or $5,000 or $10,000 to be a millionaire. If they do not sell Bitcoin and bitcoin goes back to $2,000 or $1,000, they will lose their millions ($$$$$)

I think they cannot do that because if you are true investor and trader you don't want sell everything because you want to earn more. Because the people as long they know that they earn money they do everything even it's risky.

dothebeats

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Following this logic, we shouldn't have reached the $10k mark because people who bought at $1000 and $2000 would have sold by $5000 or $8000 or more. Do note that in a bullish run, people tend to be greedy and disregard the fact that the price is so artificially enhanced up to the point that it's unrealistic anymore yet people will still buy it because they don't want to miss any pieces of the pie left for them. They tend to hold longer, buy when not necessary just to make sure potential profits wouldn't be wasted. Also, for 1 person selling, there could be one guy buying, so the value is either preserved, lost, or appreciate. These rich dudes will do anything just to be richer, even risking their 'millions' just to create more millions.

First77

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Quote from: Quesdana on May 22, 2018, 05:27:26 PM

Yeah that's right the bullish run is not yet beginning and as I've observed lately the bearish also takes over in the current trading activities. The bitcoin billionaires doesn't seem to be planning more pumping movement, as time will come as we take more effort to gain good profit when patience is over before price will be achieved.

When other billionaires like Warren Buffet, Jack Ma and others are negative for Bitcoin.

robotrobert

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Quote from: gabmen on May 25, 2018, 12:45:38 AM

Quote from: bitcoin31 on May 24, 2018, 06:38:24 PM

I hope Im the one of who are become millionaire but I did not know bitcoin when the price is $50 only or $100 I only see bitcoin when the price is 300-$500 I think and that's few years ago. I hope it will become verg high again the price.

Well i don't think that's even a question since basing on bitcoin's trajectory since 2010, we're moving the right direction. 400$ is too much to ask for those who want to buy in at a lower price. Bitcoin's becoming more and more known around the world and for me, that fact in itself is enough to secure bitcoin's future. It's going to take more than a few btc millionnaires to drag bitcoin's value that low

Some people seriously know nothing about the market and post things in hangovers. How could bitcoin reach 400 dollars?? It is not even possible in the dreams of haters. Bitcoin has come so farther from 400 dollars and there is no way it is going to get back to such a low price. Keep in mind that bitcoin is increasing in popularity every day and there is no way this wish of haters is going to come true.

gabmen

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Quote from: bitcoin31 on May 24, 2018, 06:38:24 PM

I hope Im the one of who are become millionaire but I did not know bitcoin when the price is $50 only or $100 I only see bitcoin when the price is 300-$500 I think and that's few years ago. I hope it will become verg high again the price.

Well i don't think that's even a question since basing on bitcoin's trajectory since 2010, we're moving the right direction. 400$ is too much to ask for those who want to buy in at a lower price. Bitcoin's becoming more and more known around the world and for me, that fact in itself is enough to secure bitcoin's future. It's going to take more than a few btc millionnaires to drag bitcoin's value that low

Cryptonatureben

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WaW' HOW I WISH
BITCOIN IS NOW $7600
simply means in the next 5 years we might see BTC at a very beautiful $100,000?

bitcoin31

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I hope Im the one of who are become millionaire but I did not know bitcoin when the price is $50 only or $100 I only see bitcoin when the price is 300-$500 I think and that's few years ago. I hope it will become verg high again the price.

BitMaxz

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It's impossible that the price of bitcoin will drop back to $2k or $1k the price of bitcoin is depends on demand and supply don't compare the bitcoin price in the past because the demand is low and the supply is high that is why the price of bitcoin is low compared to the current price.

I think this is just another part of FUD's they wanted to let people panic in selling bitcoin so that these FUDs could buy a cheap price of bitcoin and holding it for a long time and get benefits of holding it. These people are greedy and this is just like other people before wanted to push other people to sell and regret soon so if you are holder I suggest that you control your feeling and hold your bitcoin tightly.

timerland

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Quote from: First77 on May 21, 2018, 11:13:33 PM

People who brought Bitcoin at $50 or $100 or $400, they will sell at $1,000 or $5,000 or $10,000 to be a millionaire. If they do not sell Bitcoin and bitcoin goes back to $2,000 or $1,000, they will lose their millions ($$$$$)

People who are still holding their coins at this stage is unlikely to sell any time soon. In fact, there are a lot of long term holders of bitcoin holding massive amounts in secured vaults right now which they most likely don't plan on accessing any time soon (search up Xapo's vaults).

If they're not selling now, it's unlikely that they would panic sell at a lower price level either.

Moreover, the buying pressure at anything below $5k right now in my opinion would be extremely strong, and if prices did go to that low, there will be a ton of buyers who will push price up and lead to swift adjustment upwards.

It's really not a concern at all, imho. Two things are clear, bitcoin will not go back to $400 given the demand, and most actual bitcoin millionaires are holding for the long term.

shimbark123

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I don't think they will do that. People tend to win more and greed is the thing they're possessing. With greed, they wanted more. They set a TP out for bitcoin. So I don't think they will not sell.

ophyrim

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This is just "buy and sell". This is all markets basic rule. This is not a dump situation. This is even not a speculation. This event that you mentioned has already a name "profit realization"

expertofexperts

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There are many speculations around since last couple of years and most are rumors. Warren Buffet has been saying negative about BTC still we dont find adverse effect. Lets drive our investment through our research.

talkbitcoin

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All I know is that I know nothing.

another dumb attempt by OP to try and spread something that he thinks is FUD but it is just a laughable topic that doesn't even make any sense. and this only proves once again how newbish OP is that he thinks attempts like this can affect the bitcoin price Cheesy

Supercrypt

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Quote from: Herbert2020 on May 21, 2018, 11:56:32 PM

sorry that you tried to short bitcoin and lost a lot of money. next time don't short something that is on the rise so that you don't get desperate to continue creating bullshit topics like this thinking you are spreading FUD Cheesy

it is not even FUD, they are dumb topics that only make us laugh at you...

Bullshit topic indeed, lol.
I wonder how some people reason anyway before coming to the forum to embarrass them-selves. Bitcoin millionaires will crash bitcoin to $400 … and that almost made me puke. Logically, someone who is not mentally derailed as a bitcoin millionaire will not even be dumping on the market and would even go the OTC way.

Secondly, it is even absurd to think that they will all just gang up and start throwing all their positions away ?
OP must definitely have ended up on the wrong side of bears to have imagined this.

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