Don't sell your precious BTC to the whales! - page 5.

Betwrong

legendary

Activity: 3374

Merit: 2198

I stand with Ukraine.

Quote from: justdimin on June 14, 2022, 03:24:39 PM

Quote from: Betwrong on June 14, 2022, 04:02:25 AM

~

~
So right now, it is a bit harder for people to think that it will never recover, there are people who sell even today, that think it will recover, but they just want to sell now and buy cheaper later on, so there are more people who know it will recover.

Yep, that sounds right. It's happening not for the first time, there were several similar crashes through the history of Bitcoin. Of course, every time it happens some of us have moments when they think, "What if this time it will never recover?". And it's natural. Folks who never worried of anything have died out on the evolutionary road. So, yeah, we do worry sometimes, but then we turn on rational thinking and start remembering what followed previous crashes, and we understand that saying to yourself, "This time it's for real! This is the end!!!", is kind of irrational.

mich

legendary

Activity: 3122

Merit: 1032

#1 VIP Crypto Casino

I must admit it has crossed my mind to sell off just a little bit of my BTC in case the global economy crashes even lower. However, I don’t wanna have weak hands. There’s no point in selling cheap to whales waiting to gobble them up.

I’m lucky that I’m not reliant on my portfolio for my daily expenditures. If I had to worry about putting food on the table then I might make a different choice. But for me I’m a long hold on bitcoin. I really believe in the technology and the value that it brings.

When you really believe in something you can see it through the dark times and find the light at the end of the tunnel. Bitcoin will rebound and reach new heights it just may take a bit of time for the economy to recover before it gets there.

mbe48

full member

Activity: 994

Merit: 105

Quote from: bakasabo on June 15, 2022, 01:32:42 AM

On the other hand, those whales have huge appetites and it is unknown when they will have their bags filled fully. They have been doing since, probably, December 2021 ? Isnt it to long to count price decline as "whales are accumulating as much as possible"? Because they understand they cant get every single Bitcoin on the market. I dont believe this drop is somehow connected with whales, this is just another financial crisis or temporary complicated financial situation on the market.

Hi, I agree with some of your arguments. That the pope understands that the total supply of Bitcoins in the market is limited and has nothing to do with it. One of these declines occurred amid the macroeconomic situation and market concerns over the potential decision of the Fed to raise its benchmark interest rate higher in order to suppress inflation.

bemmy171998

newbie

Activity: 1

Merit: 0

They don't usually do that.

mia_houston

hero member

Activity: 1204

Merit: 539

Quote from: Ale88 on June 15, 2022, 11:44:38 AM

Quote from: virtualdn on June 13, 2022, 03:34:42 AM

We've been here before, you are just making the whales richer, selling your precious BTC for pennies (crappy fiat). The storm will pass, hodl, or try to accumulate even more BTC, it's a great time to buy for cheap. We will make it this time too. Even if BTC goes down to $15,000 nothing is forever. Remember $20,000 down to $3,000? Been through that storm too. Remember, 1 BTC = 1 BTC. To the Moon!

I totally agree with you, and seeing all the new threads and messages popping up on the forum suggesting to sell because we'll go down to $1k-5k-10k it may means we are getting closer to the bottom. But anyway it's not the first time, it won't be the last, just be smart.

The whales started to act by spreading a lot of analysis saying that bitcoin will continue to fall to its lowest, but should we believe all the analyzes made by them for spread panic?
I don't think so, nowadays many investors or novice traders are smart enough so it's hard for them to believe what the pope is saying right now, indeed bitcoin is currently in a pretty bad phase due to the decisions taken by the FED, but that doesn't mean the situation now this is the end of bitcoin, Bitcoin has strong fundamentals and so far the price often gets turbulent in the market but is not bitcoin bounce back?

Ale88

legendary

Activity: 2576

Merit: 2880

Catalog Websites

Quote from: virtualdn on June 13, 2022, 03:34:42 AM

We've been here before, you are just making the whales richer, selling your precious BTC for pennies (crappy fiat). The storm will pass, hodl, or try to accumulate even more BTC, it's a great time to buy for cheap. We will make it this time too. Even if BTC goes down to $15,000 nothing is forever. Remember $20,000 down to $3,000? Been through that storm too. Remember, 1 BTC = 1 BTC. To the Moon!

I totally agree with you, and seeing all the new threads and messages popping up on the forum suggesting to sell because we'll go down to $1k-5k-10k it may means we are getting closer to the bottom. But anyway it's not the first time, it won't be the last, just be smart.

sunsilk

hero member

Activity: 3038

Merit: 634

Quote from: sklopan on June 14, 2022, 12:11:15 PM

It seems to me that now selling bitcoins is generally the wrong decision. Considering that this is an investment and many can make good money on it - why do it?

This actually depends. We don't know how many folks have been holding since $3k and bought it there and even passed the ATH still holding it.

So if there's an urgency that they have to sell at the current price now and it's the reason for them to be in a better situation by doing it. Then we can say that it's not a wrong decision.

But if you've bought those bitcoins at a higher rate and then you're about to sell now, then that's the obvious wrong decision. Not everyone who holds now have bought the peak.

Zlantann

legendary

Activity: 1050

Merit: 1100

Quote from: virtualdn on June 13, 2022, 03:34:42 AM

We've been here before, you are just making the whales richer, selling your precious BTC for pennies (crappy fiat). The storm will pass, hodl, or try to accumulate even more BTC, it's a great time to buy for cheap. We will make it this time too. Even if BTC goes down to $15,000 nothing is forever. Remember $20,000 down to $3,000? Been through that storm too. Remember, 1 BTC = 1 BTC. To the Moon!

Selling Bitcoin at this troubling time doesn't only make the whales richer but it gives them more power. If whales accumulate more Bitcoin because of this panic sell they may have the power to manipulate the price of Bitcoin in future. Just as the natural whale have the capacity to cause a storm because of it's size, feeding these Bitcoin whales would make them grow fat thereby increasing or improving thier ability to cause a shock or wave in the Bitcoin market. These whales can be used by anti-bitcoin forces to manipulate the market. I know it is not easy especially for businesses and individuals that rely on Bitcoin for transactions but the best decision every Bitcoin lover should make is to hold their coins.

bakasabo

legendary

Activity: 2492

Merit: 1215

On the other hand, those whales have huge appetites and it is unknown when they will have their bags filled fully. They have been doing since, probably, December 2021 ? Isnt it to long to count price decline as "whales are accumulating as much as possible"? Because they understand they cant get every single Bitcoin on the market. I dont believe this drop is somehow connected with whales, this is just another financial crisis or temporary complicated financial situation on the market.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: virtualdn on June 13, 2022, 03:34:42 AM

We've been here before, you are just making the whales richer, selling your precious BTC for pennies (crappy fiat). The storm will pass, hodl, or try to accumulate even more BTC, it's a great time to buy for cheap. We will make it this time too. Even if BTC goes down to $15,000 nothing is forever. Remember $20,000 down to $3,000? Been through that storm too. Remember, 1 BTC = 1 BTC. To the Moon!

We have been here before that is correct, but there are many newbies and even some members which have been around for only one or two years which have never experimented something like this, so while you are giving the correct advice at the same time I do not think the majority of them are going to listen to it, they will panic and they will sell their coins, even if we know they are selling their coins to the whales they will keep doing so as they simply do not have what it is necessary to hold their coins under the current circumstances.

Abiky

legendary

Activity: 3220

Merit: 1363

www.Crypto.Games: Multiple coins, multiple games

Quote from: virtualdn on June 13, 2022, 03:34:42 AM

We've been here before, you are just making the whales richer, selling your precious BTC for pennies (crappy fiat). The storm will pass, hodl, or try to accumulate even more BTC, it's a great time to buy for cheap. We will make it this time too. Even if BTC goes down to $15,000 nothing is forever. Remember $20,000 down to $3,000? Been through that storm too. Remember, 1 BTC = 1 BTC. To the Moon!

Exactly. Only a fool will sell Bitcoin when it's going down in terms of Fiat. The latter is going to collapse anyway, so it's best to hold on tight to your BTC until the dust settles. Those who've been a long time in crypto land, know this is only temporary as prices usually bounce to even higher levels than before. In a "hyperbitcoinized" world, you'd be paying for goods and services using Bitcoin directly without ever having to worry about its value relative to Fiat. Of course, this will only happen if most governments ditch Fiat in favor of Bitcoin.

With El Salvador, the Central African Republic, and now Brazil favoring Bitcoin as legal tender, it should only be a matter of time before "hyperbitcoinization" becomes a reality. If you hold your BTC up to that point, then you will become filthy rich. Who knows what the future holds for BTC? Just my thoughts Grin

Wakate

hero member

Activity: 1176

Merit: 543

fillippone - Winner contest Pizza 2022

The whales had been trying all possible best to buy out Bitcoin which is the reason why they keep shaking the price of Bitcoin so that the weak will sell it out and they can have all our holding to themselves. The dip will only take some times before it is over so it's necessary to wait for the summer season so we can smile again. So many investors had been asking questions of whether to sell or hold but since the market is already down, holding will be a good option now.

shavebob77

newbie

Activity: 26

Merit: 0

It's like people never learn,even dough the values are different now (which create more fear among folks)it still bitcoin,the good news is that the bear is crystal clear,buying is clearly a good option now imo...aiming for a minimum of 5x gains from now on into the next year.

Vaculin

hero member

Activity: 2940

Merit: 613

Winding down.

Quote from: virtualdn on June 13, 2022, 03:34:42 AM

We've been here before, you are just making the whales richer, selling your precious BTC for pennies (crappy fiat). The storm will pass, hodl, or try to accumulate even more BTC, it's a great time to buy for cheap. We will make it this time too. Even if BTC goes down to $15,000 nothing is forever. Remember $20,000 down to $3,000? Been through that storm too. Remember, 1 BTC = 1 BTC. To the Moon!

What we see now is just a reflection in the past, and that the crypto market history just keeps repeating itself. So there's no need to get panic and get threatened with this market crash, as everything won't always stay below but certainly recovers after some time. Instead, we should be even smarter facing all of these as this is not the first time to happen, and that whatever happened in the past will always give us lessons on how to face the present and future more wisely and brave. Not only in the crypto market, as this is also applies in our real life's situations.

Issa56

hero member

Activity: 1484

Merit: 928

Am still suprise whenever I see people panic and sell their bitcon, we all know that bitcoin will definitely bounce back so why panicking and selling at lost, the current bear market gives everybody opportunity to buy more bitcoin and hold the once they are having already. The only people I believe they should even panic are the newbies that have not witnessed bear market before, but if you have witnessed bear market I believe you shouldn't panic and to the newbies my advice for everyone is not to sell you coin at lost, hold and definitely it will bounce back and you will smile later just hold.

Mahanton

hero member

Activity: 2730

Merit: 632

Quote from: justdimin on June 14, 2022, 03:24:39 PM

Quote from: Betwrong on June 14, 2022, 04:02:25 AM

Quote from: virtualdn on June 13, 2022, 03:34:42 AM

We've been here before, you are just making the whales richer, selling your precious BTC for pennies (crappy fiat). The storm will pass, hodl, or try to accumulate even more BTC, it's a great time to buy for cheap. We will make it this time too. Even if BTC goes down to $15,000 nothing is forever. Remember $20,000 down to $3,000? Been through that storm too. Remember, 1 BTC = 1 BTC. To the Moon!

Although I know all this, it's nice to read this particular text and many others in this thread. I myself wasn't that smart in times when BTC went from $20k to $3k. I thought it could go to $200-$300 or something, and I cashed out a lot at $3k+. I mean, I needed the money, it wasn't like cashing out and then keeping a pile of USD in the closet, no, I really needed the money back then, but, idk, maybe I'd better borrow the money and paid back when BTC was $60+?

It is understandable, there are a lot of people who didn't know how bitcoin could recover during that period, plus it was only the second time we had a big fall, first was from 1.4k to 100-150 range, and the second came when it was 20k to 3k range, and the first one didn't had many people, so majority of the crypto had their first big crash in 2017, but we are in 2022 right now and we know that it could recover and how it does.

So right now, it is a bit harder for people to think that it will never recover, there are people who sell even today, that think it will recover, but they just want to sell now and buy cheaper later on, so there are more people who know it will recover.

For those who do lack knowledge and awareness on past market events then they are the main ones who do panic sell and freaks out whenever they do see the market declines unlike into those people
who had been aware into those past events where they had already presume or anticipate about recovery which is something true and could really happen.The main question is on when it would happen?
Dont mind about recovery first but rather minding about on not to sell but rather accumulate as much as you good.These prices are indeed low or bargain where chances or situations or events
like this doesnt really come often with those high percentage drops.

savetheFORUM

full member

Activity: 1134

Merit: 140

Quote from: Betwrong on June 14, 2022, 04:02:25 AM

Quote from: virtualdn on June 13, 2022, 03:34:42 AM

We've been here before, you are just making the whales richer, selling your precious BTC for pennies (crappy fiat). The storm will pass, hodl, or try to accumulate even more BTC, it's a great time to buy for cheap. We will make it this time too. Even if BTC goes down to $15,000 nothing is forever. Remember $20,000 down to $3,000? Been through that storm too. Remember, 1 BTC = 1 BTC. To the Moon!

Although I know all this, it's nice to read this particular text and many others in this thread. I myself wasn't that smart in times when BTC went from $20k to $3k. I thought it could go to $200-$300 or something, and I cashed out a lot at $3k+. I mean, I needed the money, it wasn't like cashing out and then keeping a pile of USD in the closet, no, I really needed the money back then, but, idk, maybe I'd better borrow the money and paid back when BTC was $60+?

No, you are smart because why you are here? You are one of the earliest people to get involved in btc, that is the time where people only care for its technology and not about its price. I think you just panic that time seeing the price feel from 20k down to 3k causing you to not think properly. You could have done a better idea but that was too late to realize it but anyway don't let the same thing happen again.

Right now, the situation seems to repeat where the price is heavily dumping. I bet you are now much calmer this time and I hope that you don't need money urgently. If yes then you can start buying btc's now. Just left something just in case the price fell more.

justdimin

hero member

Activity: 3164

Merit: 675

www.Crypto.Games: Multiple coins, multiple games

Quote from: Betwrong on June 14, 2022, 04:02:25 AM

Quote from: virtualdn on June 13, 2022, 03:34:42 AM

We've been here before, you are just making the whales richer, selling your precious BTC for pennies (crappy fiat). The storm will pass, hodl, or try to accumulate even more BTC, it's a great time to buy for cheap. We will make it this time too. Even if BTC goes down to $15,000 nothing is forever. Remember $20,000 down to $3,000? Been through that storm too. Remember, 1 BTC = 1 BTC. To the Moon!

Although I know all this, it's nice to read this particular text and many others in this thread. I myself wasn't that smart in times when BTC went from $20k to $3k. I thought it could go to $200-$300 or something, and I cashed out a lot at $3k+. I mean, I needed the money, it wasn't like cashing out and then keeping a pile of USD in the closet, no, I really needed the money back then, but, idk, maybe I'd better borrow the money and paid back when BTC was $60+?

It is understandable, there are a lot of people who didn't know how bitcoin could recover during that period, plus it was only the second time we had a big fall, first was from 1.4k to 100-150 range, and the second came when it was 20k to 3k range, and the first one didn't had many people, so majority of the crypto had their first big crash in 2017, but we are in 2022 right now and we know that it could recover and how it does.

So right now, it is a bit harder for people to think that it will never recover, there are people who sell even today, that think it will recover, but they just want to sell now and buy cheaper later on, so there are more people who know it will recover.

TheNineClub

full member

Activity: 616

Merit: 161

Quote from: virtualdn on June 13, 2022, 03:34:42 AM

We've been here before, you are just making the whales richer, selling your precious BTC for pennies (crappy fiat). The storm will pass, hodl, or try to accumulate even more BTC, it's a great time to buy for cheap. We will make it this time too. Even if BTC goes down to $15,000 nothing is forever. Remember $20,000 down to $3,000? Been through that storm too. Remember, 1 BTC = 1 BTC. To the Moon!

You are definately right that we have been here before. Actually, this is the third time it's come around. Now, we can't be sure that things will rebound from this cycle, there are no certains in life, but all indicators are that this is just a normal lifecycle.

Zlantann

legendary

Activity: 1050

Merit: 1100

This drop in the price of Bitcoin is favoring only those are investing in the business. These are people that can hold Bitcoin for a very long time hoping that the price would one day go up. But there are so many businesses that rely on Bitcoin for business transactions. These companies own bitcoin because it serves as a legal tender to buy goods and services both internally and internationally. Most of these business might not be able to survive this drop in price. These business would be forced to sell their Bitcoin because of fear that it might still drop because the effect would be more terrible on them.

Topic: Don't sell your precious BTC to the whales! - page 5. (Read 1546 times)