People are doing this to accumulate more BTC in the long term, it's simple
If a whale sells a lot of coins, people will start to panic and sell their coins too, and them the whales buy again at low prices, while the small ones leave the market or buy again but with higher prices
I only see this, there´s nothing wrong with BTC and the fundamentals, everything is working good
Topic: If bitcoin is made for times like these why is everyone selling at a time like.. - page 7. (Read 1092 times)
March 13, 2020, 03:32:08 PM
March 13, 2020, 02:56:07 PM
Bitcoin will be the first to rebund after central banks' helicopter money arrives. But as evidenced this time, in a crisis time, people still runs to their fiat money, this indicated that majority of people still do not understand why bitcoin is better than fiat money
Another reason is that almost everything's value is labled with fiat money, if something is purely labled in cryptocurrency, then things might be different
Another reason is that almost everything's value is labled with fiat money, if something is purely labled in cryptocurrency, then things might be different
March 13, 2020, 01:20:12 PM
Bitcoin wasn't created to be a hedge against market crashes, it was created to remove middlemen from money transfers over the Internet. The idea that Bitcoin is a hedge against fiat economy was always theoretical, and crypto news sites liked to fuel it with their explanations of how the price increases because of some economic or political problem in the world. At its core Bitcoin was always hugely volatile and speculative, if something can double in its price very quickly, it can also drop just as fast.
Bitcoin developers don't care about it's properties as financial instrument, they view it as a currency and work to improve it as such.
This tells me 100% BTC is only a financial purpose and not a practical purpose overall.
Bitcoin developers don't care about it's properties as financial instrument, they view it as a currency and work to improve it as such.
March 13, 2020, 12:50:51 PM
Not everyone is selling, some are using the drop to accumulate. I suspect the sellers are highly geared traders who have to pay for margin calls. That could be why gold went down as well.
March 13, 2020, 12:45:01 PM
If bitcoin is made for times like these why is everyone selling at a time like this?
China quarantined fiat FFS.
This tells me 100% BTC is only a financial purpose and not a practical purpose overall.
Just venting a little. This selloff is nuts.
China quarantined fiat FFS.
This tells me 100% BTC is only a financial purpose and not a practical purpose overall.
Just venting a little. This selloff is nuts.
Bitcoin is not made for times like this. Bitcoin is made for financial crisis. Collapse of central banks. Bitcoin is also not ready to replace fiat at this moment. So even if in half year time central banks collapse I dont see that Bitcoin will be useful replacement.
What happened yesterday and what happened last year is totally normal. Same can continue this weekend and next week. It can or not. We will see. On long term all this is good for Bitcoin since it slowly destroys central banks. Good things for Bitcoin are not just that price of Bitcoin increase. Good things are that people talk about Bitcoin and that they use it.
March 13, 2020, 12:38:05 PM
I think it’s the exchange doing to profiteering from all the stoploss from naive traders. The timing is particularly accurate, definitely not possible without machine trading.
March 13, 2020, 12:05:49 PM
Well, if we want the dangerous volatility to be minimized, we can actually reason together and reduce that. There are lots of practical ways to do this without compromising Bitcoin principles. One of the solutions is basically similar to how governments stabilize fiat currencies, but ours will be decentralized and way more transparent. Price needs to move up gently and down a bit.
I sometimes wonder why people don't understand that dangerous volatility will scare off alot of regular people
And it's bad idea to fix the issue centrally. Decentralized communities should be in control of the affairs of Bitcoin/crypto, not the other way around.
I sometimes wonder why people don't understand that dangerous volatility will scare off alot of regular people
And it's bad idea to fix the issue centrally. Decentralized communities should be in control of the affairs of Bitcoin/crypto, not the other way around.
March 13, 2020, 11:07:23 AM
My question simply is in a time of hysteria why sell out things that will be of more value in said hard times.
You don't have to scratch yourself if you got an itch. Nevertheless you do.
March 13, 2020, 11:07:10 AM
Correlation , enough said.
My question simply is in a time of hysteria why sell out things that will be of more value in said hard times.
Unless said items where merely marketed as a fail safe without acutally being a fail safe.
My question simply is in a time of hysteria why sell out things that will be of more value in said hard times.
Unless said items where merely marketed as a fail safe without acutally being a fail safe.
No one said Bitcoin was made for times like these...it was simply a way to transact without a central authority. All the store of value talk came after the fact
March 13, 2020, 11:00:32 AM
Correlation , enough said.
My question simply is in a time of hysteria why sell out things that will be of more value in said hard times.
Unless said items where merely marketed as a fail safe without acutally being a fail safe.
My question simply is in a time of hysteria why sell out things that will be of more value in said hard times.
Unless said items where merely marketed as a fail safe without acutally being a fail safe.
March 13, 2020, 10:57:16 AM
Read my post about continuous growth
https://bitcointalksearch.org/topic/m.53997303
There is no guarantee that Bitcoin will go up and no guarantee that bitcoin will go down,
no matter the circumstances.
https://bitcointalksearch.org/topic/m.53997303
There is no guarantee that Bitcoin will go up and no guarantee that bitcoin will go down,
no matter the circumstances.
I can guarantee that Bitcoin will either go up or go down every single day.
March 13, 2020, 09:07:13 AM
Read my post about continuous growth
https://bitcointalksearch.org/topic/m.53997303
There is no guarantee that Bitcoin will go up and no guarantee that bitcoin will go down,
no matter the circumstances.
https://bitcointalksearch.org/topic/m.53997303
There is no guarantee that Bitcoin will go up and no guarantee that bitcoin will go down,
no matter the circumstances.
March 13, 2020, 08:23:08 AM
If bitcoin is made for times like these why is everyone selling at a time like this?
China quarantined fiat FFS.
This tells me 100% BTC is only a financial purpose and not a practical purpose overall.
Just venting a little. This selloff is nuts.
China quarantined fiat FFS.
This tells me 100% BTC is only a financial purpose and not a practical purpose overall.
Just venting a little. This selloff is nuts.
Jump to: