Now It's Time For All Weak Hands To Drop Their Bitcoins! - page 4.

electronicash

legendary

Activity: 3178

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Quote from: Oshosondy on April 23, 2021, 03:37:26 AM

I was surprised to see the price of bitcoin below $1 trillion dollars today, but that is how bitcoin price do fluctuates. Bitcoin is just a limited asset, that makes it valuable, its price can rise and fall back, but over long time, there will be a next rise.

that's how volatile the market. i'm also surprised just how quickly it had drop that low, I can only think that only one guy has been pumping the prices all along that by the tip of his finger, all his bots could just dump this low. Or could it be the institutions because all of a sudden Peter Schiff celebrates on his youtube channel saying i told you so. meanwhile, ETH isn't dropping terribly.

20kevin20

legendary

Activity: 1134

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Yeah, we're experiencing the usual weak hand dropout. I regret every single panic sell that I've had ever since I joined crypto. This is the moments before we hear about yet another massive investment coming from massive corps such as Tesla or MicroStrategy.

acener

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What if they are just securing their money?
Would we call the experience trader a weak hand if they are doing it for cut loss?
I used to call it weak hands before but now I do understand them specially when it is a huge drop and it seems to continue rather than to recover.
I think the weak hands are those who easily sell their holdings when they read or hear a negative news even if the price isn't crashing down.

Sanugarid

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Quote from: virtualdn on April 23, 2021, 03:15:05 AM

If you've been for a long time in this BTC business you already know this BTC price drop means nothing, nada.

I've experienced dozens of such drops and haven't sold a satoshi since 2013. Don't let the whales get your valuable BTC.

In other words, HODL, because every time after the rain comes the sunshine. You will be rewarded in the end my friend. But only the strong hands will remain.

History proves that BTC will overcome such a massive price drop and eventually bounce back to its original market value. It is nothing new for people who've years of experience in cryptocurrency trading to have this kind of bad news in BTC. So don't let your emotion take over your decision, just hold when massive price drops occur and sell when everything is back to normal.

Tytanowy Janusz

legendary

Activity: 2156

Merit: 1622

Yep. We had 5 corrections harder than 35% during 2015-2018 bull run. Our hardest one this cycle was 25%. I would not be surprised to see even 40% drop to 38k before finding strong support to move forward.

Yesterdays dump was triggered by SP500 dump:

btc-room101

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Activity: 182

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Quote from: ?? on ??

This is a strategy or whale game of continuously lowering the market price so that many panic and fearful people will lose more if they don't sell at this time. Weak hands will definitely panic if faced with a continuous situation like this, especially for those who need money in a short time, are forced to be willing to sell their assets due to circumstances.

This is not a 'whale game' what happened in recent COVID time is that 'HOLDING-CASH" became TABOO,

Remember Ray Dalio "Cash is Trash", no return, negative rates.

All this started with the hedge fund collapse a few months ago, 100's of billions on margin-call, the PROBLEM is when everybody in financed is holding their CASH in BITCOIN, and there is a massive margin-call, then this is why you see bitcoin selling off 100's of billions in market capitalization

When firms get 100's of billions in margin calls, they're cash calls, not BTC calls; so the BTC needs to be sold to rise up the cash

I didn't happen immediately because banks covered each other based on their BITCOIN holdings as reserve escrow, but once the selling started then all hell broke lose, which why you now see 25% loss on bitcoin in one week

Not a damn thing to do with whales.

https://content.fortune.com/wp-content/uploads/2021/04/Screenshot-2021-04-21-nj.jpg

amishmanish

legendary

Activity: 1904

Merit: 1159

Ahh..Finally the Red Dawn I've been waiting for. Too much money always causes me headaches and over-thinking. Now that I am poor again, I am surprisingly relieved..LOL..

To be honest through, I have been here since the last ATH and have already experienced much of this FUD, Flash crashes and fear of losing my mind over putting too much at stake. I've learnt to not put too much at stake and try to earn, rather than invest. If this is your first crash and you've invested at the ATH, I hope you listened to the "Don't put what you can't afford to lose" advice.

If you didn't, well then just take heart from the experience of the 2017 people who waited for almost 2 years to regain the ATH. I don't think it'll take so long this time. Just HODL and spend this time understanding fundamentals rather than fretting over your losses. The Bear market is when the next season's champs are minted.

DeathAngel

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Nothing to see here, back to $60,000 before August. Weak hands don’t deserve the great riches coming in Q4 2021.

Kong Hey Pakboy

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Quote from: Oshosondy on April 23, 2021, 03:37:26 AM

I was surprised to see the price of bitcoin below $1 trillion dollars today, but that is how bitcoin price do fluctuates. Bitcoin is just a limited asset, that makes it valuable, its price can rise and fall back, but over long time, there will be a next rise.

If you know the history of bitcoin prices then you shouldn't be surprised since you know that the prices will bounce back, I find that some people forgot that bitcoin is volatile just because it is pumping up in the recent months and hopefully this dip is going to teach them a lesson. This thread title is already too late because the weak hands have already sold when the prices were still atound 54k.

Reatim

sr. member

Activity: 2828

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Eloncoin.org - Mars, here we come!

Quote from: virtualdn on April 23, 2021, 03:15:05 AM

If you've been for a long time in this BTC business you already know this BTC price drop means nothing, nada.

I've experienced dozens of such drops and haven't sold a satoshi since 2013. Don't let the whales get your valuable BTC.

In other words, HODL, because every time after the rain comes the sunshine. You will be rewarded in the end my friend. But only the strong hands will remain.

No matter how good your advise is yet People that you addressed seems to be not giving a damn, https://coinmarketcap.com/currencies/bitcoin/

Look how Bitcoin is performing now and look how bad the movement from yesterday up to now.

Quote

Bitcoin
BTC

Rank #1
Coin
On 1,073,736 watchlists
Bitcoin Price (BTC)
$48,644.16

Sad to see it falling but what can i do but Keep Holding?

Palllke

member

Activity: 238

Merit: 54

BTC is often called "digital gold", since the reserves of the precious metal on our planet are also not unlimited. Mining new coins is getting harder and harder. After 10 years price should rise x3 - x5 at least.

So just relax and wait. Grin

Oshosondy

legendary

Activity: 1624

Merit: 1200

Gamble responsibly

I was surprised to see the price of bitcoin below $1 trillion dollars today, but that is how bitcoin price do fluctuates. Bitcoin is just a limited asset, that makes it valuable, its price can rise and fall back, but over long time, there will be a next rise.

virtualdn

legendary

Activity: 1358

Merit: 1093

If you've been for a long time in this BTC business you already know this BTC price drop means nothing, nada.

I've experienced dozens of such drops and haven't sold a satoshi since 2013. Don't let the whales get your valuable BTC.

In other words, HODL, because every time after the rain comes the sunshine. You will be rewarded in the end my friend. But only the strong hands will remain.

Topic: Now It's Time For All Weak Hands To Drop Their Bitcoins! - page 4. (Read 548 times)