Topic: HODL'ers sold 30BN$ of Bitcoin causing the crash (Read 468 times)
I think that HOLD is very dependent on the psychological, and technical, as well as the meaning and development of the ICO in the future.
I think they made the right decision. Many of these guys bought bitcoin for less than $ 1000 and made a good profit.
Everyone in here seems to think that the crash is due to newbies panicking. Reality when you look at the hard data is that it is the HODL'ers who are selling and crashing the market.
Don't believe it? Check out the analysis for yourself:
https://www.coinspeaker.com/2018/06/12/bitcoin-price-decline-2018-caused-hodlers-30b-sell-off-says-chainalysis-report/
When HODL'ers say "HODL HODL" they are either lying while they are selling. Or if you are truly HODL'ing then you simply being scammed by the other other HODL'ers who are busy selling to you.....
Don't believe it? Check out the analysis for yourself:
https://www.coinspeaker.com/2018/06/12/bitcoin-price-decline-2018-caused-hodlers-30b-sell-off-says-chainalysis-report/
When HODL'ers say "HODL HODL" they are either lying while they are selling. Or if you are truly HODL'ing then you simply being scammed by the other other HODL'ers who are busy selling to you.....
Yes I think HODL is almost a habitual thing nowdays. It is an overused term often with no context on why and when..
In other altcoins I see many sellers of their coins and it does not fall into price. I think the price of altcoins depends on the crypto markets.
Interesting data. I think that hodlers are very dependent on news and are prone to panic, so they are more harmful to the market than traders.
Anyone saying "HODL" is an investment strategy is just showing that they have absolutely zero knowledge in terms of what an investment strategy is - it is in indication that the person is likely not very clever but is basing everything on a combination of hope and positive messages together with other HODL'ers....
There are some plus sides to be seen too. Given the condition of the market is bad, but the popularity is still increasing. This could generate in more investors and might be a good thing for the market.
This is an important thing, but this does not mean that any coins that have long been kept in order to monitor the market system and sell coins collected at different times for stability in the market.
perhaps. but I'm doing hold all the time while I'm participating in this market and I made a very good start on it
Why not burn your money or use them as toiletpaper - it will be useful that way than blowing them on doomed cryptocoins
freightjoe is a known fudster. I'm going to archive this thread for future reference in its unedited form.
10 years from now it's going to be hilarious.
This analysis may very well be misleading. Also people shouldn't forget that there was a huge party with the obligation to sell, and that was the Mt.Gox trustee. This might look like Hodlers finally letting go of their coins but in truth it's just the trustee doing his fiduciary duty.
I still adhere to the strategy of holding and let me say anything I will not refuse from it for a second
This is sad to see that the HOLDers sold their coins off like that. We should remain calm and be patient, otherwise the market will face even more crashes.
The cryptocurrency market is always unstable. The prices are always increasing or decreasing. But the real cause behind this pump or dump in price can never be known. According to the report of chainanalysis, the long term investors sold 30 million dollars of Bitcoin between December to August. This could have caused the price of Bitcoin to decline.
Interesting data. I think that hodlers are very dependent on news and are prone to panic, so they are more harmful to the market than traders.
When scam happens it create problem .HODL causing the crash I am not sure about this but if it really happened it will be trouble for the market .
and to summerise the topic
in december long term holders sold $15b (aticle said $30b over several months but half of that was december alone)
at an (average price) of $15k a btc that means 1mill btc moved in december.
what the article does NOT show is
after selling and price corrected down below $10k how many old holders bought back in and thus attaind mor bitcoin than they sold, due to the corrctd price
what the article does not show is
that 1mill bitcoins move in a month anyway. think about it. even if ther is only exchange volume of 50k a day. thats 1.5mill a month. xhcnages easily do 1.5mill a month volume any month/every month easily
what the article does not show is
the hodl's are not investors. but the exchange reserve itself swapping/arbitraging coins to other exchanges to flip a profit in an a small time while traders(small fish) play the public market
what the article does not show is
the people. it just speculates that X might be a person rather than an exchange.
in december long term holders sold $15b (aticle said $30b over several months but half of that was december alone)
at an (average price) of $15k a btc that means 1mill btc moved in december.
what the article does NOT show is
after selling and price corrected down below $10k how many old holders bought back in and thus attaind mor bitcoin than they sold, due to the corrctd price
what the article does not show is
that 1mill bitcoins move in a month anyway. think about it. even if ther is only exchange volume of 50k a day. thats 1.5mill a month. xhcnages easily do 1.5mill a month volume any month/every month easily
what the article does not show is
the hodl's are not investors. but the exchange reserve itself swapping/arbitraging coins to other exchanges to flip a profit in an a small time while traders(small fish) play the public market
what the article does not show is
the people. it just speculates that X might be a person rather than an exchange.
I used to read different analysis article and they blame different factor for this current situation of bitcoin.
Everyone in here seems to think that the crash is due to newbies panicking. Reality when you look at the hard data is that it is the HODL'ers who are selling and crashing the market.
Don't believe it? Check out the analysis for yourself:
https://www.coinspeaker.com/2018/06/12/bitcoin-price-decline-2018-caused-hodlers-30b-sell-off-says-chainalysis-report/
When HODL'ers say "HODL HODL" they are either lying while they are selling. Or if you are truly HODL'ing then you simply being scammed by the other other HODL'ers who are busy selling to you.....
Don't believe it? Check out the analysis for yourself:
https://www.coinspeaker.com/2018/06/12/bitcoin-price-decline-2018-caused-hodlers-30b-sell-off-says-chainalysis-report/
When HODL'ers say "HODL HODL" they are either lying while they are selling. Or if you are truly HODL'ing then you simply being scammed by the other other HODL'ers who are busy selling to you.....
Why I smell this more than trolling and less than analysis?
OP is just creating commotion that can make us think we've got scammed and it's time to sell what we hold.
Please, people don't buy this because the moment you believe then it will be the moment you'll lose. On a contrary, I still see people that optimist about the current state of bitcoin and didn't bother to worry about this. Holders will be holders until we reach new ATH.
Do not forget that there are a small number of wallets that store a fairly large amount of bitcoins.Maybe someone has one of them start to sell their coins, and thus bring down the rate
By reading the article I realize that HODL'ers are also take part for dropping bitcoin but HODL'ers not only there for droping the market.
Really it's help to drop crypto market but not directly. Holding crypto is not a bad thing but sometimes it felt some bad effects on market.
Personally, I won't stick to a random analysis. I don't know the exact reason for such a decline but what do you think, if HODLers sold who is really into the market right now?
And who shows resistance in the market?
Just some logical questions that may give some food for thought.
And who shows resistance in the market?
Just some logical questions that may give some food for thought.
I agree with the opinion above. If it's really the HODLers are dumping, then should we still call them HODLers when they are selling at low times?
Who shows resistance in the market? - This question makes me think about who's really dumping the coins.
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