Topic: Face up to reality: The game is over - page 30. (Read 2880 times)
I'm disappointed that this comes from a guy with a "Full Member" status here ... you'll regret this so much buddy ... soooo much
I don,t think this game is over. Old investors are selling their Bitcoin because it is their harvest time not even mining the price at which Bitcoin is now.They bought it at low price so they sell at any price,while new investors are buying also for the rainy day.The game is still waiting for the new ones.
I think I will continue to buy in dips as long as it isn't money I desperately need I would end up spending it on something else. If the whales do get out they are only going to be replaced by more whales. I'm going to try to avoid any FUD. Yes some investors are scared of losing their investments but everything is pretty much in the red.
The development since late December shows very clearly what is happening.
The whales - and anyone else with half a financial brain - are slowly selling all their bitcoin. As they sell, prices begin to drop sharply. They then hold back on the selling and newbies and "HODL'ers" are foolish enough to "buy the dip". This sends the price back up.
It then repeats with rates dropping again, until the newbies and "HODL'ers" buy the dip once more.
Except on every round the dip gets deeper and deeper.
The game is over, and anyone so stupendously stupid to keep buying from the whales who are unloading are basically just throwing their money away.
Face up to reality, the party is over.
And the award for "FUD thread of the day" goes to freightjoe.The whales - and anyone else with half a financial brain - are slowly selling all their bitcoin. As they sell, prices begin to drop sharply. They then hold back on the selling and newbies and "HODL'ers" are foolish enough to "buy the dip". This sends the price back up.
It then repeats with rates dropping again, until the newbies and "HODL'ers" buy the dip once more.
Except on every round the dip gets deeper and deeper.
The game is over, and anyone so stupendously stupid to keep buying from the whales who are unloading are basically just throwing their money away.
Face up to reality, the party is over.
Are you saying this nonsese just because Bitcoin went down 10% today? because this has been going on for about a year, so whatever you think happened in December has nothing to do with the current dip, or with the usual volatility in the price.
Also, if you wanna start spreading FUD in the forum, at least be one of those users that actually "try" to make some sense by putting some "hard work" into their posts. Writing the first stupidity that comes into your head without some sort of reasoning other than your assumptions to back your words will clearly make you look like just another troll screaming for attention.
Whales is just going after the people who sell not the people who hold. That's why the price is very hard to go back to $4000 because hodlers. You have to convince the hodlers to sell. That's like convincing the mountain to move.
I am sure mobby dick was around during Tulip Mania and like the OP says the wheels are starting
to fall of this one and do remember we are talking virtual "mountain" here that are easy to move.
Im talking about people who wouldnt let go at all. Your just rewording what im saying.
Can you convice a person who has nothing to lose? lol Thats the mountain Im talking about.
Whales is just going after the people who sell not the people who hold. That's why the price is very hard to go back to $4000 because hodlers. You have to convince the hodlers to sell. That's like convincing the mountain to move.
I am sure mobby dick was around during Tulip Mania and like the OP says the wheels are starting
to fall of this one and do remember we are talking virtual "mountain" here that are easy to move.
The game can not be over yet , as for every market dip there are investors coming in to push it higher with high volume and value .
Not yet mate! Bitcoin and blockchain is yet to conquer. Its changing a lot of industry, and bitcoin is the gateway, it's not over if you analys the situation in this growing industry. Long live to bitcoin and blockchain! Long live to all the great mind who initiated this financial revolution. Yaaay!
Block-Chain is good but not the way it has been implemented here on Bitcoin because it won't scale and they
knew this eight years ago and the developers need to go back to school and learn what distributed system are
all about.
Funny others have managed it without any trouble but we are stuck with 200gb of data being replicated
20,000 times on full nodes and then the overheads of trying to keep the data all in sync. Bloody stupid it is
and now the chickens are coming home to roost.
Why would the whales slowly ruin their cash cow?
Whales is just going after the people who sell not the people who hold. That's why the price is very hard to go back to $4000 because hodlers. You have to convince the hodlers to sell. That's like convincing the mountain to move.
There are just as many people predicting that bitcoin will hit $100,000 as there are predicting that it will crash to zero. You spreading this misinformation will do little or nothing to affect the price of bitcoin, so what is the point?
Bitcoin it still in its infancy and its already on $11,000. Once scaling and large scale adoption is achieved the price will stabilize and its utility as a currency can flourish.
Bitcoin it still in its infancy and its already on $11,000. Once scaling and large scale adoption is achieved the price will stabilize and its utility as a currency can flourish.
It is because of people like this who spread FUDs that the price of bitcoin, and also altcoins are being affected. This causes the holders to doubt themselves and the fact that they are still holding their coins despite the decreasing value of the coins. Rest assure, everything is not yet over. Remember, what doesn't kill you makes you stronger. Bitcoin will grow bigger than ever.
If you understand the game very well and understand the market, you won't say its over... Everything has its own time....
You could be right OP but I think the jig was up when fees went to the moon from $0.10 a year ago
and they hit $55 a few weeks ago but looking long term its stating to look like the "Lightning Network"
is a disaster waiting to happen so I give you the long option of reading the white paper yourself
https://lightning.network/lightning-network-paper.pdf
Or the Youtube version https://www.youtube.com/watch?v=UYHFrf5ci_g
and my take on it https://bitcointalksearch.org/topic/m.28395400
if your looking for the official propaganda version of how they want you to think it works then I even
have that for you too. https://www.youtube.com/watch?v=rrr_zPmEiME
oh and if your new Segwit wallet is not working then you using it wrong, all outputs must also be
Segwit
if the greedy miners had held out then I think we could had seen $50,000 this year so they
blew it for the lot of us and made every other coin look bad in the process
and they hit $55 a few weeks ago but looking long term its stating to look like the "Lightning Network"
is a disaster waiting to happen so I give you the long option of reading the white paper yourself
https://lightning.network/lightning-network-paper.pdf
Or the Youtube version https://www.youtube.com/watch?v=UYHFrf5ci_g
and my take on it https://bitcointalksearch.org/topic/m.28395400
if your looking for the official propaganda version of how they want you to think it works then I even
have that for you too. https://www.youtube.com/watch?v=rrr_zPmEiME
oh and if your new Segwit wallet is not working then you using it wrong, all outputs must also be
Segwit
if the greedy miners had held out then I think we could had seen $50,000 this year so they
blew it for the lot of us and made every other coin look bad in the process
Not yet mate! Bitcoin and blockchain is yet to conquer. Its changing a lot of industry, and bitcoin is the gateway, it's not over if you analys the situation in this growing industry. Long live to bitcoin and blockchain! Long live to all the great mind who initiated this financial revolution. Yaaay!
Why would the whales slowly ruin their cash cow?
There is a correlation between a cryptocurrency price and the number of it's users. When whales are selling, prices are going down, temporarily, but the number of users is increasing (because they buy a lot of small pieces) and in the long run it will lead to high price again. Imho.
I'm considering this thread as a FUD. Don't scare those us newbies in investing to crypto please as we have higher faith than you that this dip shall pass. I've only started crypto last year but I think I've seen enough issues that brought BTC down but it eventually rises up in the end.
I do not think this is the end. Whales may sell, but they also want to buy back and pump the price again - if not the same whales, then the others. I'm almost sure that there will be another cycle.
Extreme people on both sides of the fence. Personally I do think we've pretty much seen the end of explosive bitcoin price growth. I think like many others it's going to fall more (perhaps even to 6k). There's no way it's the end though. I suspect it'll recover... over a long period of time when people start to get impatient and sell their coins. There's not a lot of profit in the current market IMO, not in bitcoin anyway. I just wish everything was decoupled, I can't stand all coins being tied to the price of BTC.
So yeah people who say "It's the end! Bitcoin is going to 0" are ridiculous and on the other hand people who say "Bitcoin is going to 100k!" are equally as ridiculous - people like to buy things with FIAT, there will be a lot of people wanting to sell long before then. I already took 90% of my holdings back into my bank account including some nice profits that'll equate to a couple years worth of mortgage payments and I don't regret it. I might buy back in when I'm convinced this isn't a bulltrap.
So yeah people who say "It's the end! Bitcoin is going to 0" are ridiculous and on the other hand people who say "Bitcoin is going to 100k!" are equally as ridiculous - people like to buy things with FIAT, there will be a lot of people wanting to sell long before then. I already took 90% of my holdings back into my bank account including some nice profits that'll equate to a couple years worth of mortgage payments and I don't regret it. I might buy back in when I'm convinced this isn't a bulltrap.
Sell, sell, I need it lower - higher profit margin.
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