Bitcoin will never reach 20,000 again - page 16.

Hui8

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Quote from: bigink on March 07, 2018, 02:20:08 PM

Simply because the WHALES take the profits whenever there's a 5 to 10 percent growth. The bottom line is Swing trading and Day trading is real and the HODL method is just what it is...

Thats really negative thought and I already don't like it into your heading! Bitcoin will reach that mark in the future for sure, no one can predict when but it will reach surely. There were lots of whales in previous time also who used to do the same thing, hold and take the profits from 5-10% hikes. The swing trades are anyway common anywhere but they are not risked by whales at all. There holdings are enough for them to get started and grab the profits (huge one) even if the bitcoin moves little bit upwards. I think whales are the smartest people who wants bitcoin to spike to 20K and I think they are not the opposite one.

swogerino

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Whales are only a small percentage compared to the rest of the bitcoin eco system. Price of bitcoin is determined by many factors , one of them being whales trying to make profits which is standard now and nothing new. In the bitcoin price impact can be decided by how many people who use bitcoin, in how many different scenarios is possible to use bitcoin, why is bitcoin better than other payments systems, bitcoin can safeguard my identity when buying some digital goods etc.

When all the above are assessed by many persons and these many persons believe in those values that can impact bitcoin price, bitcoin will go easily above 50.000 dollars.

Domenc

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Quote from: bigink on March 07, 2018, 02:20:08 PM

Simply because the WHALES take the profits whenever there's a 5 to 10 percent growth. The bottom line is Swing trading and Day trading is real and the HODL method is just what it is...

OK, that's one side of the point but what if whales changed their mind and tried to do something off the track according to your argument. Despite that without any clear instances or facts you simply cannot have such belief just on one point. It’s Q1 of 2018 and things might not be working so well but there is big year ahead in front of us and things might change with the flick of coin.

HabBear

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Quote from: bigink on March 07, 2018, 02:20:08 PM

and the HODL method is just what it is...

Hodling Bitcoin last year returned far greater return than any trader was able to make, I assure you.

Other coins have different stories. The reality is that timing the market is tough, and most traders get their a** handed to them and lose all their money. If you don't believe Bitcoin will hit $20,000 again you should get out for good.

Kate Beckett

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I would not be so pessimistic. The growing trend in bitcoin remains in force. Indeed, some market participants will want to record profits, but at the same time another part of investors will buy, believing in the continued growth. Some of the crypto-investors do not even look at the fiat accets at all, without seeing any prospects in them. In 2018, the bitcoin rate may rise above $ 20,000 again. However, growth will not be recoilless - downward correction will also occur.

bigink

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Simply because the WHALES take the profits whenever there's a 5 to 10 percent growth. The bottom line is Swing trading and Day trading is real and the HODL method is just what it is...

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