Don't sell your precious BTC to the whales! - page 6.

Botnake

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Quote from: EdenHazard on June 13, 2022, 06:14:37 PM

Quote from: nurilham on June 13, 2022, 04:51:09 PM

This may be the ideal one to think. But sometimes, we don't know what will happen to us. not everyone is a holder or long-term investor. SO, we cannot be sure enough that we will not sell our BTC. Sometimes, we need money to cash out also r take profits. But yes, 1BTC=1BTC

Well if you put your whole live savings in a single basket in bitcoin then that's the problem.
You will never get a place where you could just living your life during these hard times of bitcoin market crashes ... and comeback later whenever the crash turned into an unstoppable bullish.

Get your backup money now and keep the rest of it in bitcoin , that's one or another way to have a wealthy life in the future through the bitcoin firtune!

Let's just choose to understand them because we have our own situation and bucket to carry, we may make some mistakes down the road whether if it's the hard way or the easy way, but we will always learn from it and acquire some experience through it.

The thing is, time won't go back and our lapses won't be restored, if we sell our precious BTC now then it's on us and we might going to regret if we are seeing skyrocketing prices if the market starts to recover. We never know, this might be the lowest this year. So if we can, buy now while it's cheap and don't be stressed out because this is only temporary.

sklopan

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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?

franky1

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if a old time holder who bought at say $10k is now afraid and wanting to sell at $20k thinking he missed the chance to sell at $70k and thinks he wont see $70k again this year. let him sell at $20k

the buyer of that coin wont treat it as the old timers $10k purchase price but the new buyers $20k purchase price.

meaning less people with coin below $20k purchase price and more people with coin over $20k.
thus bringing more support for people who refuse to sell at a loss where that break even/loss point average is more supported and stronger above $20k than last month

ven7net

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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!

Indeed, BTC has already proved many times that after each major drop in its price, it then grew even more. However, some BTC holders are frightened by this situation on the market and this is a normal process, since there will always be those who lose and those who gain more, unfortunately everyone cannot be in the black in the market. But be that as it may, the situation is forcing many to make a choice right now and those who stand up will probably get more. For me personally, this situation with the fall in the price of BTC once again showed that you need to have several assets, as well as cash, because who knows what will happen tomorrow or in a week, and I don’t really want to lose everything.

budz0425

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Quote from: kamranki on June 14, 2022, 04:38:51 AM

OK honest question: what's a whale?

A whale representing big fish, or Cryptowhale means these people are holding a huge amount of crypto. when the market is down people say "whales selling on the market"
because there's a big effect on the price because they are holding a huge amount of coins.

Quote from: nurilham on June 13, 2022, 04:51:09 PM

This may be the ideal one to think. But sometimes, we don't know what will happen to us. not everyone is a holder or long-term investor. SO, we cannot be sure enough that we will not sell our BTC. Sometimes, we need money to cash out also r take profits. But yes, 1BTC=1BTC

That is why never invest money that will be needed for a short period of time.

Leviathan.007

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Leading Crypto Sports Betting & Casino Platform

Holding bitcoins when the price doesn't a simple correction is pretty easy for everyone w\but whenever the price is falling down every day to lower levels and past the key support levels while most people are expecting to see more reactions from these levels is pretty hard for everyone even for the long term holders this won't be easy to hold during this time and due to the FUD many investors and especially the people who are newbies will do panic ins the other hand some people will pace the stop loss and during the sharp movement, we will see many of them triggering, while mostly the whales are gathering placing buy orders and waiting for these people to sell.

kamranki

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OK honest question: what's a whale?

sunsilk

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Quote from: justdimin on June 13, 2022, 02:24:48 PM

Quote from: sunsilk on June 13, 2022, 05:35:30 AM

It's true that we've been here. If you're new then for sure that no ones to blame if you're ever feeling to panic.

But for us, who have been here during the toughest bear market like in 2018, we know what to do and we just have to chill and if you have money to spend, buy bitcoin.

Being patient is one of the factors that will save you survive this bear and will also help you to be one of those people that will have a good moment when we're back in bull.

This is true, I have been here not only during 2018 but during 2014-2015 period as well and I know that this is temporary. Of course there are still some situations, like the business I am part of is a business that deals in crypto and I get paid in crypto, so that means when the crypto is not bull at all, and it is in a bear market like right now, it is dangerous because the business could go badly and I may earn less, which is a scare.

But for investors, it is really nothing shocking, I have investments made from all over the place and I can easily say that I am fine, why? Because I know for a fact that it will recover, don't know when, but it will, so I am quite fine.

Well if it's related to your business, you are aware that it's market dependent and the profit that you'll be making is reliant on it.

And these situations are not forever, we know that they won't be at the bottom forever and it's going to change over time. We just have to do the same thing that we did when we're on tough days.

You buy or just hold and don't panic.

You choose any of them.

Betwrong

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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+?

Henrobakkara

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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!

True. I understand some of us might not always have enough funds to continue to buy during market dips like this but if any investor has not sold long before now to start buying back during this time don't have to sell now, it no longer makes sense. From all previous market dips, Bitcoin has shown that it can always bounce back and is still the best for investment and even more so HODLing over a longer time.

rodskee

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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 trust your post here and indeed the whales will benefits this downfall but what can we do? it looks like there are so many of us here that already sold their coins while we are trying to hold them out.

this is the problem whenever there is a movement , specially when there is dumping? those weak handed people sells their funds without even thinking , Hope this will change eventually and people will understand that there is a need to hold than sells.

Detritus

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The whales are the ones happy now because they got the
The opportunity to buy more. Market will still bounce back to normal when these dip is all over. All I can think of now is just "HOLD"...

davis196

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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!

Your post makes sense to the experienced Bitcoiners, but what would a random person think, when he reads it? He would think that you are a desperate lunatic, begging the other lunatics to HODL and NOT sell their BTC, because the price is about to crash even further down and the community of fanatic Bitcoin supporters, who are worshiping Bitcoin as a cult will lose more money. Grin

I totally get your point of view, because I've lost money in the past, due to panic selling. On the other hand, I totally get the point of view of the Bitcoin/crypto haters and the FUDsters. If you look at Bitcoin/crypto from a different perspective, it really seems like the sky is falling down. I don't believe in the crypto Apocalypse, but the crypto winter is going to be hard.

worle1bm

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This is what people don't understand at these times and we will see lot of threads in the forum saying bitcoin will fall below this and that level and many more but they fail to make the decision of holding.Most of them might have invested at high price levels also but when they see these high dips they start panic sell to whales making them earn high profits and loss themselves.So we will always face these situations but we need to hold at our end.

dohh

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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!

The whales are not buying:D
https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html <-- keep an eye on this over some time, and you´ll see easily.

So you can relax. Or you are trying to get the newbs HODLing?

Minecache

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Many people made the mistake of selling off their bitcoins during bear season 2018 and exiting the market, this is an opportunity we should not continue to miss and it's time we correct our past mistakes mine.

Instead of selling now, this is our chance to fill our pockets on the cheap and this opportunity really only happens once. We missed our chance to buy bitcoin at 3k four years ago so don't miss your chance to buy bitcoin at 20k this year.

ChiBitCTy

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The worst time to sell anything is in a down market. Always remember you technically haven’t lost anything until you sell. Sure your value is down (a lot) but you’ve still got the same number coins, meaning you’ve got the ability to grow that value back. Of course if you sell them then you don’t and you have to reply on trying to time the market properly, which is an extremely difficult task.

nullama

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Quote from: ?? on ??

Bitcoin simply isn't convenient enough for every day use. Some people (including myself) could say that Bitcoin wasn't designed for every day usage(despite what Satoshi was claiming in the whitepaper). The expectation of 1 billion daily Bitcoin users will never happen in reality and there's nothing wrong with that.
Nobody is saying that Bitcoin is supposed to be the number 1 global currency. I would be perfectly fine, even if Bitcoin never becomes truly mainstream.
I don't think that anyone could verify the accuracy of this statistical data, but 30 million people seems like a pretty good number for a 12 year old technology.
BTC reaching 1 billion active users seems more like a fantasy, rather than an achievable goal.

Lightning is perfect for every day usage of Bitcoin.

Sites like https://stacker.news are using sats via lightning in a great way. Bitcoin is being transferred daily in sites like that. It's like magic!

Lightning really is changing how people use Bitcoin. It's almost instantaneous, and almost free of fees as well.

Rigon

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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 will sell our bitcoin coins in this market without any question. How do we sell bitcoin where our bitcoins are bought at $40k to $30k. But now is the time to buy our Bitcoin. Everyone knows that Bitcoin will one day go up to 100k dollars. We've all noticed that Bitcoin has gone from $8k to $69k just waiting for the time here. Be patient, maybe soon we will see a better bitcoin market.

n0ne

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Right now the small volume of bitcoin holders will be in a pathetic situation. They don't know what to do, whether to cash it out and wait for an opportunity or just keep hold. Majority have suggested to spend keep thyself strong holding the bitcoin and trying to accumulate more. However the panic won't let them do what the mind suggest.

Now majority will regret they could've sold at a higher price, so thag now they could've bought at a lower price increasing the volume of holding.

Topic: Don't sell your precious BTC to the whales! - page 6. (Read 1546 times)