Very well said.
This can indeed happen , these companies are not the ones who are going to hold on long. Even ELon Musk was using bitcoins and twitter to gain some money 💰 at the same time what else will these companies do ?
They will generate fake whale alerts ,they will try and influence the price , they will take over the market as a whole. I do like the point that Bitcoins is being brought at such a large scale but I do no like that we don't have any laws protecting Bitcoins itself from the market Manipulation. We do not know what will happen in the future we can trust no one except Mr. Satoshi to hold Bitcoins for innumerable time.
We are at a risk of market Manipulation and we do need some laws to make sure that does not end bad for us.
Topic: Can the average buying of some companies be considered a sign of the bottom? - page 2. (Read 248 times)
March 14, 2021, 01:55:11 PM
legendary
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March 14, 2021, 01:27:00 PM
You people are thinking they are invested in Bitcoin without doing any kind of study and for dumping the market! Companies like MicroStrategy or Tesla have more experienced traders associated with them and they are continuously studying the world economy and the movement of Bitcoin. They are not doing panic sell like you and me cause they know how the crypto market cap is working. When most of the people are rushing to sell in dumping moment, Companies are attempting to add more Bitcoins to their holding by making a public announcement. Where we see a market crash, they are seeing Buying opportunities.
March 14, 2021, 01:13:33 PM
I have a theory that:
All companies that have bought Bitcoin will sell it at some point, and this point will mostly be this year.
Can we consider the average bitcoin price that some companies bought bitcoin as an indicator for our next bottom or ATH bottom, assuming that those companies will try to sell before they achieve losses?
Based on this hypothesis, my analysis of price is as follows:
New bottom 42,334
MicroStrategy inc. selling price: 24,114
Tesla, Inc.: 31,250
Can you give me a reason why those companies are about to sell their bitcoin investments? Which happened quite recently though and one year of span is not too huge in terms of companies perspective and I beleive they invested for very long term purposes.All companies that have bought Bitcoin will sell it at some point, and this point will mostly be this year.
Can we consider the average bitcoin price that some companies bought bitcoin as an indicator for our next bottom or ATH bottom, assuming that those companies will try to sell before they achieve losses?
Based on this hypothesis, my analysis of price is as follows:
New bottom 42,334
MicroStrategy inc. selling price: 24,114
Tesla, Inc.: 31,250
Even if you are right 42K is quite far from the previous ATH which is 20K happened at 2017 but I thought it would go to such level as the lowest low before raising for next all time high.
March 14, 2021, 12:07:30 PM
These companies aren't like us that panic when the price goes down. And before buying, IMHO, they have a clear plan when and how much they should sell. It's all a question and nobody knows when unless an employee or an executive would tell and expose it to the public.
Some of them are accumulating whether it's already the bottom or not. It's part of the plan and we'll never know if that's actually the bottom price for bitcoin.
Some of them are accumulating whether it's already the bottom or not. It's part of the plan and we'll never know if that's actually the bottom price for bitcoin.
March 14, 2021, 11:52:32 AM
It is hard to make a prediction from your hypothesis. Even if we consider the number as an indicator, nothing ensures that it will not surpass the next bottom. If you want to try, so beat it. Personally, I will use Fibonacci retracement or traditional indicators because they have been used worldwide and when people use something frequently, it will be a Self-fulfilling prophecy.
Advance traders actually do not care about the all-time low because they can make money as long as the price of bitcoin continues to fluctuate
Advance traders actually do not care about the all-time low because they can make money as long as the price of bitcoin continues to fluctuate
March 14, 2021, 10:59:13 AM
All companies that have bought Bitcoin will sell it at some point, and this point will mostly be this year.
There's still a continuous printing of more money, Inflation and hyperinflation is even yet to come with full force to haunt most countries, and it definitely will, these companies bought Bitcoin mostly as a hedge to escape all this and protect some of their assets from devaluation and the negative effects of the pandemic; why then are they going to sell the same Bitcoin now, converting it back into fiat that's awaiting the very inflation/devaluation they are trying to escape from. 
March 14, 2021, 10:00:38 AM
All companies that have bought Bitcoin will sell it at some point, and this point will mostly be this year.
But do you have any rational argument to support that or is it just a hunch?
If we heed Saylor, who's who talked Musk into buying Bitcoin, the companies buying now are not going to sell in at least 10 years and some are never going to sell. In any case, they will take loans using Bitcoin as collateral. Why are you going to sell the world's best store of value if it has not yet exceeded the market cap of gold? If you told me they want to sell when Bitcoin reaches $10 trillion market cap I could still see the logic in it but the way you put it, either you argue it or I don't see the point.
March 14, 2021, 09:09:33 AM
Between theory and speculation are slightly different, but the clearest your statement, it does have a point, and I often see this phenomenon when the average value : the amount of remaining supply remaining at this time, giving a temporary answer, will greatly determine the extent to which your hypothesis, accurate and not. this requires some further research. TOP and BOTTOM must be balanced if the analysis requires a sign in the middle of the current bitcoin price.
maybe, to make it look clearer added a zigzag indicator. even though it's simple, it's still effective to apply.
maybe, to make it look clearer added a zigzag indicator. even though it's simple, it's still effective to apply.
March 14, 2021, 08:10:00 AM
I have a theory that:
All companies that have bought Bitcoin will sell it at some point, and this point will mostly be this year.
Can we consider the average bitcoin price that some companies bought bitcoin as an indicator for our next bottom or ATH bottom, assuming that those companies will try to sell before they achieve losses?
Based on this hypothesis, my analysis of price is as follows:
New bottom 42,334
MicroStrategy inc. selling price: 24,114
Tesla, Inc.: 31,250
All companies that have bought Bitcoin will sell it at some point, and this point will mostly be this year.
Can we consider the average bitcoin price that some companies bought bitcoin as an indicator for our next bottom or ATH bottom, assuming that those companies will try to sell before they achieve losses?
Based on this hypothesis, my analysis of price is as follows:
New bottom 42,334
MicroStrategy inc. selling price: 24,114
Tesla, Inc.: 31,250
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