I think we will see a lot of weak hands at $100K - page 2.

iTradeChips

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Quote from: Lorence.xD on February 23, 2021, 06:22:35 AM

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Not even up to $100k and lots of weak hands and laying off the bags making sharp price drop but I gues with next terget at $60k and above. Lots of surprises in the next couple of days.

I wouldn't say weak hands, I would consider them more of a traders, they know the opportunity so they have to profit from it. Hodling alone will not be a good thing for you if you are dealing with bitcoin because you will see the market going up and down all the time so you might as well exploit the fact that you see it and trade your bitcoin. It is a good thing that they are laying off the bags right now because others will buy more bitcoin.

Good traders will be able to sell, some and then continue holding the rest. Not all these traders are weak hands in my opinion and simply executing their calculated trades and I am pretty sure these are intelligent decisions. I know someone who sold some during the first ATH and then continued investing during the dip or bear period of 2018. I am pretty sure he made significant profits now that Bitcoin went to much higher prices.

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Not even up to $100k and lots of weak hands and laying off the bags making sharp price drop but I gues with next terget at $60k and above. Lots of surprises in the next couple of days.

I wouldn't say weak hands, I would consider them more of a traders, they know the opportunity so they have to profit from it. Hodling alone will not be a good thing for you if you are dealing with bitcoin because you will see the market going up and down all the time so you might as well exploit the fact that you see it and trade your bitcoin. It is a good thing that they are laying off the bags right now because others will buy more bitcoin.

leea-1334

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Seems we even have weak hands at 50k why do we need to wait for 100k? Wink

We saw weak hands at 10k, 20k, plenty of other milestones that saw a lot of huge dips like now. Remember less than a year ago in March? Everyone was selling in March!

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Quote from: 20kevin20 on February 22, 2021, 09:17:36 AM

I think these large companies will intentionally let massive pullbacks happen now, as they can profit off pullbacks themselves.

Since Bitcoin is quite predictable today and all previous massive bull runs ended up as major pullbacks, do you think the larger-scale investors such as MicroStrategy would not play Bitcoin markets the Bitcoin way? I'm expecting them to sell and purchase based on the way Bitcoin markets move: massive bull runs = sell; major pullbacks = buy.

It might be a very risky move, but at the end of the day it's still going to be a battle of the Rich. They're still going to try to accumulate as much of the BTC's circulating supply as possible and make a fortune out of it.. especially since they missed the train and almost a trillion worth of BTC is sitting in our pockets!

Maybe they’re late, and maybe they’re not - it depends on from what angle you look at the situation. I have already written that we cannot compare the purchasing power of an ordinary man working for a monthly salary, and globally known companies that have billions at their disposal for investments. Of course, they will try to lower the price as much as possible, but I think we are in a period when, if we look at history, BTC had the best performance.

It is true that much of BTC has found itself in the hands of tens of millions of individual users over the years, but most will sell sooner or later (and many already have). I hope some will still be wise and not let them play tricks on us.

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Quote from: TedMosby on February 22, 2021, 01:15:04 PM

so, $100k is the most people's target?
how about institutions? how about sovereign wealth funds?

Perhaps for average joe like us, or majority of individual investors. But we can't be certain for institutions and big companies. They put their wealth on bitcoin to. be a hedge so I we really don't know if they have specific targets to get profits or just continue their reserve asset to bitcoin.

Quote from: TedMosby on February 22, 2021, 01:15:04 PM

one thing that makes me scared is the institutions and big names that already jumped into bitcoin.
big institutions' FOMO leads the retail. When those big institutions become the ones with weak hands, it will be followed by the retail.
unless we could have another wallstreetbets in the future.

Institutions for me are not of weak hands though, they have investment billions upon billions into bitcoin. That alone speaks how they want to profit in this market.

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We stand into different perceptions and opinions regarding the said matter so certainly no one can literally be exactly to be right or wrong since we are not on the same foot experiencing different sort of things when it comes to cryptocurrency most specially on the strategies we apply for our own good sake. Other people might say it becoming weak hands upon doing selling once Bitcoin reach $100,000 but for those being stated, they were just being wise and assuring they aren't missing the opportunity of grabbing the chance to gain profit. They have set their limitations into realistic ones although they can still go on. It is their own decision and judgment on the situation so they cannot be stated as merely weak hands. They were just securing of what they think is enough to be realistic for their part.

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Quote from: AmoreJaz on February 21, 2021, 06:35:57 AM

Quote from: tabas on February 21, 2021, 06:25:34 AM

We have different goals and situations. Some have sold a lot on $10k and the other consecutive prices. We cant blame them, maybe fate permitted it and they have an circumstances to face.
Sell freely at any amount you want and determine your goal and keep for longer and continuous holding

of course, everyone of us is facing different situations in life and so decision varies at every price level of bitcoin. definitely you will sell some of your stash if you bought btc at 50k and in the future it will reach 100k level. that's nice return for not doing anything with your funds, just holding.
so whatever we may decide in the future, it is all up to us. no one can accuse you of being weak hands or of that sort, because thats your money. and you have all the privilege to do what you want with your stash

That's their opinion if someone says you're a weak hands, and it's up to you if you'll take that seriously or just ignore it. What's the best and most important part of it is that you've made profit from it.
You can keep it to yourself and have an entire exit but it's not a good idea if that's the choice.

TedMosby

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so, $100k is the most people's target?
how about institutions? how about sovereign wealth funds?

one thing that makes me scared is the institutions and big names that already jumped into bitcoin.
big institutions' FOMO leads the retail. When those big institutions become the ones with weak hands, it will be followed by the retail.
unless we could have another wallstreetbets in the future.

acquafredda

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If anyone does sell Bitcoin at $100K it does not necessarily mean he or she has weak hands. Everyone has a selling price at which we can feel comfortable selling and those who do not know how to handle volatility, take advantage of sideways price actions and all the rest of it are bound to sell and never be happy with what they have.
Bitcoin, in the end, is only a tool to be used, not something to get lost into.

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I never considered holders that sell at a profit a weak hand. They have their own goal and timeframe. It is a mission accomplished for them if they sold it at their target price. What I considered weak hands are those who were shaken by the price drop of BTC selling at a loss. So, those who waited for $100k to sell at a profit will never be considered weak hands.

iTradeChips

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I think, in my opinion those with weak hands have might already sold theirs, possibly during the last ATH in 2017 when it crossed the first ATH of 20,000 dollars. And also those who bought at that time might have sold theirs when Bitcoin went to 40,000. But of course for me that is only 100% percent profit meaning your investment in 2017 only doubled in 2021, and I don't think many of us like a four year wait for Bitcoin to raise in value.

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I do not want to say that it is weak hands because selling bitcoin at $100k will depend on each person's reason. If they think that they want to sell at that price and leave the market for a while, that is not a weak hand because they have a target they want to reach. But if people panic because the price can drop significantly after getting $100k, that will be a weak hand. Every trader will know what they want to do when the bitcoin price reaches $100k, and we can not blame them for their reason because we hope they know what they are doing.

ivankoh

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Yes. That is a very difficult threshold but is still possible. Market volatility for the correction today, the impact of the media, the "weak" psychological pressure and some tricks have created an advantage for the bulls. Institutional investors have opened up that opportunity, and they are not willing to build walls. The large volume of bitcoins dumped is similar to the mass of force that the anonymous elephant moves. This is convenient for a higher ATH but meets the standard of market sentiment in my opinion very volatile.
https://www.cryptopolitan.com/microstrategy-buy-whale-moved-13204-btc
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20kevin20

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Quote from: Lucius on February 21, 2021, 08:37:11 AM

While $100k certainly has some psychological significance, I don't believe mass sales will begin at that point - because bulls are strong and getting stronger every day because the market is no longer in the hands of whales, but has been taken over by big players like Grayscale, MicroStrategy, Tesla and PayPal who did not enter this game due to short-term profits.

I think these large companies will intentionally let massive pullbacks happen now, as they can profit off pullbacks themselves.

Since Bitcoin is quite predictable today and all previous massive bull runs ended up as major pullbacks, do you think the larger-scale investors such as MicroStrategy would not play Bitcoin markets the Bitcoin way? I'm expecting them to sell and purchase based on the way Bitcoin markets move: massive bull runs = sell; major pullbacks = buy.

It might be a very risky move, but at the end of the day it's still going to be a battle of the Rich. They're still going to try to accumulate as much of the BTC's circulating supply as possible and make a fortune out of it.. especially since they missed the train and almost a trillion worth of BTC is sitting in our pockets!

AniviaBtc

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People are having that milestone, for bitcoin to reach $100k then they will sell at that price which is really regrettable in the end.

That feels like you wasted all of your effort waiting for bitcoin to become so much profitable in the market.

Even if it seems impossible to hope for bitcoin to reach $1M in the market, the reality that the bitcoin is volatile is what makes bitcoin investment really interesting.

7788bitcoin

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Quote from: Lucius on February 22, 2021, 06:06:32 AM

When people look with amazement at the fact that EM has invested as much as $1.5 billion in BTC - they should know that it is pocket money for him - and even if he loses it he will not stay hungry nor will the bank confiscate his house and throw him out. The difference between them and us is that we small investors invest money that means a lot to us in everyday life, while the rich have a surplus of money that they spend without any problems and consequences.

When i see topics like these i usually laugh off as everything thinks that everyone is a billionaire. Millions of investors in the cryptocurrency market are doing normal jobs and living with pay check to pay check and we accumulated the coins but i personally have sold many coins to have a good vacation in the past and i cannot invest in the market with the price above $50k as this is the pay scale i get on an annual basis and i will not risk investing now but the few coins i am holding i might sell when i think i need a vacation.

Lucius

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True point. $57K to Musk is pennies to the ordinary people. There are giants who will still buy at $200K.

This is something that most people generally ignore when it comes to money and how it is perceived by people from different layers of society. The average person tries to survive from one payout to another, tries to do the best he can and certainly does not sleep peacefully in times like this - while the rich only care what color their new luxury car will be or how long the new yacht will be.

When people look with amazement at the fact that EM has invested as much as $1.5 billion in BTC - they should know that it is pocket money for him - and even if he loses it he will not stay hungry nor will the bank confiscate his house and throw him out. The difference between them and us is that we small investors invest money that means a lot to us in everyday life, while the rich have a surplus of money that they spend without any problems and consequences.

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Quote from: xSkylarx on February 21, 2021, 05:16:25 AM

Quote from: Ultegra134 on February 21, 2021, 04:50:40 AM

The $100.000 milestone is starting to look way more probable than ever, especially after such rally the past few days. I cannot blame anyone for selling at such prices, due to it being a huge psychological boundary. Myself, have sold at lower prices for the same reason. Tried to recover from my mistakes though and will try to hold as much as possible.

I'm not sure myself either though. I wouldn't be exactly sure if I'd sell or keep my BTC, supposing Bitcoin was to hit $100.000 in a month.

No one would just buy bitcoin at that price, even a hundred thousand satoshi would be expensive. What I will do is sell half of it or an amount that is equivalent to 2yrs of my salary then wait for a year to see if bitcoin can still go beyond that price. If so, I would not sell it until I retire. Bitcoin has only 21 million supply and every 4 years the difficulty for it to mine a whole gets half so I believe it can still go higher than $100k. It's still early to see that because bitcoin is not that acknowledged yet in many countries.

Well it's demand and supply and even right now there are people that buy it when the price is already at 50k which i never thought will happen in less than 3 years. So if there's more and more people that want to get into crypto then that kind of price will be inevitable. I already sell half of my bitcoin at 50k and at 100k maybe i will sell a few more. It's still early to think about that kind of price because it will be double than the price right now.

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Bitcoin will reach this price by the end of the year, and I am sure that this year, with a lot of investment and the recognition of Bitcoin by the people of the world, we may see that Bitcoin will reach even higher prices.
Who would have thought that bitcoin would rise from 12,000 last year to 56,000? I never thought about that price.

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That would be the last thing for the other old investors because they really deserve it, man, I mean, they've been holding for too long right now and have been through the harsh time in the market. Not to mention the others who mentally broke when they saw the price has been down for long after they've invested in $17,000 in the year 2017. Now if they want to sell their BTC, is up to them and if they wanted to sell it now, is not that bad either but they also miss some opportunities to sell it even more at a higher price than this.

Topic: I think we will see a lot of weak hands at $100K - page 2. (Read 662 times)