BTC back at 20K. Imagine who sold at 17.7K. - page 6.

Sterbens

sr. member

Activity: 1848

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Duelbits.com

Quote from: virtualdn on June 19, 2022, 04:34:49 PM

Some people never learn. This is not the end of the world. BTC has the capacity to grow like 50% in 1 week so people should learn that every drama is temporarily in the crypto world. Poor naysayers. Poor Peter Schiff. Such unhappy people. All the gold still doesn't make them happy. Cheers to you all happy Bitcoiners Cool

Hopefully, it's a good price bounce and stays above $20K. Those who have already picked it up at $17K may be quite happy and may not find another $17K in the future. On the other hand, the bad news that has been affecting market prices for a while is expected to pass. The panicked sellers actually felt a thousand regrets.

franky1

legendary

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i do not believe that there were alot of idiots selling at a loss down to $17k.

i believe it was the old whales that were giving up but still selling at a profit (coins they held from days where they acquired them way below $17k from the good old day)

to which. now they are out and no longer holding coins they acquired and valued as profitable at below $17k
the new holders that bought at $17k+ are setting their 'limit' to (being smart) never sell below $17k+ break even

and thus less people with coins acquired below $17k. and more people with coins acquired above $17k. thus supporting $17k as a stronger "bottom".

disclaimer:
that said i acquired a hoard in 2012 and im still in profit all the way down to extreme low prices.. but i have no intention to sell at low prices... im not saying there is no one else left with coins that can still profit below $17k.. but there are far far less of us left that could.. and now far far more people with a $17k+ base break even limit they wont sell below..

anyway
those buying at $17k. can sell at $20k and make 10% profit in one day.
thats alot better then bank account savings interest that only offers 0.05% a year

AmoreJaz

legendary

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Leading Crypto Sports Betting & Casino Platform

well, that's life. some people panic when they saw BTC plunging below 20k and saw the 17k level. but for those who bought at that price range, they can even sell it right now at a profit. people act differently when the market is fluctuating so bad, and some holders are weak for so many reasons. we can't blame them because they have their own reasons. but for those who are still keeping their coins, for sure, they are starting to feel a lil bit of relief because they are seeing green again.

virtualdn

legendary

Activity: 1358

Merit: 1093

Some people never learn. This is not the end of the world. BTC has the capacity to grow like 50% in 1 week so people should learn that every drama is temporarily in the crypto world. Poor naysayers. Poor Peter Schiff. Such unhappy people. All the gold still doesn't make them happy. Cheers to you all happy Bitcoiners Cool

Topic: BTC back at 20K. Imagine who sold at 17.7K. - page 6. (Read 882 times)