Topic: The Data PROVES It: The Wealthy Were BUYING, As Amateurs Sold In Fear... - page 2. (Read 452 times)
July 25, 2021, 05:45:37 PM
One should not just believe what you read from these so called experts and analysts, or the sentiment from social media. Check out glassnode data and see the figures yourself, when whales are accumulating then you should be too, chances are it is already at the bottom and you don't want to FOMO in at the top!
July 25, 2021, 04:44:06 PM
The Whales, bitcoin holders who manage between 1,000 and 10,000 Bitcoins, who had sold when the price had topped $30,000, have changed their strategy and are now accumulating.
Not sure what research has been done to reach this conclusion and we have to assume that the so called whales are either using one wallet to yet again to accumulate the coins to monitor these investment, if not an exchange has to release these details because they have complete control over their customers, so i would like to know about the research to reach these conclusion. 
July 25, 2021, 03:07:53 PM
but the daily trading volume has been very low lately even during the big dump that happened a couple of days ago. in my experience this suggests that those with large amounts of bitcoin and even those with smaller amounts and even the weak hands are no longer falling for the panic sell encouragement and are not selling anymore. the reason for the drop was market manipulation which couldn't even last for more than a day.
I would say that the dump was real. Not every dump is about manipulation. Only because psychology is involved permanently doesn't mean it is manipulation. Some tend to overreact while others are really case-hardened. The low trading volume means that neither the bulls nor the bears feel the urge or the motivation to pull the trigger.
July 25, 2021, 12:37:09 PM
but the daily trading volume has been very low lately even during the big dump that happened a couple of days ago. in my experience this suggests that those with large amounts of bitcoin and even those with smaller amounts and even the weak hands are no longer falling for the panic sell encouragement and are not selling anymore. the reason for the drop was market manipulation which couldn't even last for more than a day.
July 24, 2021, 08:06:44 PM
Well the price has started to move and is approaching the $35,000 mark so all the weak
hands have sold and will now be looking to buy back.
The wealthy have had a good time buying cheap Bitcoin, but have more FIAT to buy
even as the price rises.
Hopefully the weak hands who want to buy back wont be so quick to react to FUD and
end up selling low and buying back at a higher price in the future again.
hands have sold and will now be looking to buy back.
The wealthy have had a good time buying cheap Bitcoin, but have more FIAT to buy
even as the price rises.
Hopefully the weak hands who want to buy back wont be so quick to react to FUD and
end up selling low and buying back at a higher price in the future again.
July 23, 2021, 04:01:57 PM
We are getting rid of weak hands 
. They are new to the market and have never witnessed a crash before. Hence, when they see the price dropping, the start to sell whatever they are holding. While others that has been in the market for a while knows that this is actually a buying opportunity, and hence if they can afford (the wealthy people), they buy even more and keep holding. When the price starts to rise again, those who sold before realizes that they have made a mistake. They then either quite or try again, but this time they don't fall for the price crash trap.
. They are new to the market and have never witnessed a crash before. Hence, when they see the price dropping, the start to sell whatever they are holding. While others that has been in the market for a while knows that this is actually a buying opportunity, and hence if they can afford (the wealthy people), they buy even more and keep holding. When the price starts to rise again, those who sold before realizes that they have made a mistake. They then either quite or try again, but this time they don't fall for the price crash trap. July 23, 2021, 11:36:01 AM
Just like you, I guess anyone that has been in the crypto space for a while knows this even though some might still fall into selling due to fear of "How long will it take for the market to recover". This has been a continuous talk about why you shouldn't sell your Bitcoin any time the market dips because if you think about it, you are not just selling into thin air, some people are buying up whatever you sell and are mostly whales accumulating what the weak hands sell-off and too many times, it has been proven that HODLing pays off at the end.
this kind of thing should need to be emphasized more and it should be for beginners to read more threads like this because this is very helpful for us in drawing conclusions so that later we are not wrong in determining
July 23, 2021, 11:27:30 AM
in my opinion the new people are the ones who always have a fear mentality and they sell at a low price it's a loss, and the rich people why they get richer because they don't panic and don't buy high sell as low as amateurs new to the market.
July 23, 2021, 11:24:32 AM
It seems that these are the rules of winners and losers, why do they become rich because experienced investors always have the right investment direction and a cool head, indifferent to before. In the ups and downs of the market they don't panic and when the price gets lower they buy again.
July 23, 2021, 11:15:45 AM
The time period doesn't support me to buy more. So, to meet the expenses I'm selling. Same as me most of the small hodlers seems to be selling, because this is a disaster period for the middle class whereas the elite are enjoying through different forms of investments.
Most of the time market variations affect the middle class in large scale than the large hodlers, because the middle class in terms of small holdings contribute to a massive volume. When the whales manipulate it disturbs them and makes them sell. Now even without pressure majority would've sold due to the pandemic impact.
Most of the time market variations affect the middle class in large scale than the large hodlers, because the middle class in terms of small holdings contribute to a massive volume. When the whales manipulate it disturbs them and makes them sell. Now even without pressure majority would've sold due to the pandemic impact.
July 23, 2021, 11:06:14 AM
I am not so wealthy but I am still HODLing and buying the dips accumulating as much as I can for I know these fluctuations will never end.
Bitcoin breaks every ATH and I am quite sure that bitcoin will definitely break the current ATH and set a new record.
I don't want to be the one buying at such high prices which is why this is a solid opportunity to buy the dip and then HODL to gain profits at next ATH.
Bitcoin breaks every ATH and I am quite sure that bitcoin will definitely break the current ATH and set a new record.
I don't want to be the one buying at such high prices which is why this is a solid opportunity to buy the dip and then HODL to gain profits at next ATH.
July 23, 2021, 10:48:00 AM
Is A Short Squeeze Upon Us?
The massive sell-off and continue to sell on the market since May don't solely come from miners. The distributions of bitcoin entities change from weak hands to strong hands and you can see it with changes in wallet cohorts.
Generally those charts show good signal that the bull trend is not over. It will be back after the consolidation.
The massive sell-off and continue to sell on the market since May don't solely come from miners. The distributions of bitcoin entities change from weak hands to strong hands and you can see it with changes in wallet cohorts.
Generally those charts show good signal that the bull trend is not over. It will be back after the consolidation.
July 23, 2021, 10:23:22 AM
I guess it's pretty obvious, the whales have deep pockets and will continue to accumulate as long as bitcoin is very cheap on their eyes. As compare of like average joes, who might invest money that they can't afford to lose and hoping that they will hit the jackpot in short amount of time.
Nevertheless when the price goes down, just like what we've witnessed in the last 2 months. They sold in fear and panic.
Nevertheless when the price goes down, just like what we've witnessed in the last 2 months. They sold in fear and panic.
and the fact is that amateur mentality is often shown by influencers who arbitrarily give instructions to sell. while the whales themselves have their own way of manipulating prices and amateurs lose profits. However, seeing the situation always turning around and the current price rebound has disturbed many whales. they are confused to enter at the price of $ 31K or just wait for more.
July 23, 2021, 10:20:09 AM
You will surely lose if you will let your fear deceive you into selling. There are a lot of FUDs in the market as usual yet you should already know how things works out here. We should know how to outsmart the whales so that regardless of what games they are playing, we may know how we can still take advantage or benefits from it. If we would stay like how regular investors commits to their investments wherein fear usually pushes them forward to make actions that they will soon regret, we'll never be able to gain benefit here in the crypto world.
July 23, 2021, 10:17:55 AM
Wasn't this almost always the case when there is too much fear in the markets? There was just so much negative sentiment and so much fear on Bitcoin/crypto communities since the recent drop to $29,800 levels.
Ladies and gentlemen, moments like that are where long-term investors stack sats.
Ladies and gentlemen, moments like that are where long-term investors stack sats.
July 23, 2021, 10:15:19 AM
For now, those of us who feel like amateurs are really afraid to process the time ahead.maybe we as amateur players still have doubts even though many rich people are still making large purchases, but what they are doing right now has absolutely no effect on the value of bitcoin. maybe we are more careful in making purchases for the current time so that we are not too rash in responding to it
July 23, 2021, 09:31:16 AM
If we can follow the whales carefully by buying bitcoin and keeping it for some time, we can be the next rich people when the price starts increasing in the next bull run. But if we are afraid to buy bitcoin and just waiting without doing anything, we will regret it in the future because we will be late to accumulate more bitcoin. The market will recover from the bearish trend and that time will come soon and if we are not ready for the coming, we can not make a profit like others instead regret it.
July 23, 2021, 09:20:11 AM
Good thing that I am not some newbie in this business, I know how they are going to maneuver/manipulate the market so I continue to hold and accumulate because I know that what the whales are drawing is that they want to shake off the panic sellers so the prices can further go down and then they can finally buy back what they have sold in profit.
The difference with the beginners, they are dependent on the income from trading, while the whales are not, they have 1000 alternatives to make a profit out there. So whenever they want Bitcoin price to go down he will be ready to take part at any price. Take advantage of market conditions when beginners feel the price collapse.
even the ones who are not whales can participate in the trading though and if they see the price had reached its heights, they will sell and see if they could buy after. some of those who sold this time are out of fear believing the price will still drop.
when it somehow tried the breakout below $30K, it must have been very disappointing for them while the price bounces back up. and now they are not sure whether to buy at $32k or wait.
July 23, 2021, 09:19:58 AM
Good thing that I am not some newbie in this business, I know how they are going to maneuver/manipulate the market so I continue to hodl and accumulate because I know that what the whales are drawing is that they want to shake off the panic sellers so the prices can further go down and then they can finally buy back what they have sold in profit.
Just like you, I guess anyone that has been in the crypto space for a while knows this even though some might still fall into selling due to fear of "How long will it take for the market to recover". This has been a continuous talk about why you shouldn't sell your Bitcoin any time the market dips because if you think about it, you are not just selling into thin air, some people are buying up whatever you sell and are mostly whales accumulating what the weak hands sell-off and too many times, it has been proven that HODLing pays off at the end. Yes correct on both accounts, we dont necessarily need DATA to tell us this, it has been
happening this way since we 3 have been on the forum, we saw it in 2017 too.
As soon as the value starts rising it attracts newbies who FOMO into Bitcoin,
when the rise is exhausted and whales start manipulating those newbies FUD out.
The markets after a halving look like they are fuelled by FOMO and FUD, unfortunately.
I suppose it offers us a chance to DCA!
Despite all of the valid points in that article, I do not agree with the latter part of the subject field... There's a big possibility that some of the so-called "amateur investors" are just selling to cover their expenses [not everything has to do with fear].
Does anybody know another source that shows that data clearly [it's way too small]?
Does anybody know another source that shows that data clearly [it's way too small]?
There are also those who have the skill and knowledge to sell and buy back at opportune times!
July 23, 2021, 09:02:16 AM
Good thing that I am not some newbie in this business, I know how they are going to maneuver/manipulate the market so I continue to hold and accumulate because I know that what the whales are drawing is that they want to shake off the panic sellers so the prices can further go down and then they can finally buy back what they have sold in profit.
The difference with the beginners, they are dependent on the income from trading, while the whales are not, they have 1000 alternatives to make a profit out there. So whenever they want Bitcoin price to go down he will be ready to take part at any price. Take advantage of market conditions when beginners feel the price collapse.
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