Topic: The whales are cashing out - page 2. (Read 847 times)
It's not necessarily a bad thing, if the whales are selling then the distribution of Bitcoin gets to a wider audience. The more spread the amount of Bitcoin is the better, I would be very surprised if the whales were holding onto some still
Of course they are cashing out, it's probably because they have earned enough profit, most small time investors might also be cashing out because they need the money for their expenses this coming holiday. It does not mean that Bitcoin will be dead and gone because there will be more investors coming in and grabbing the opportunity to buy at a discounted price. More posts like this will keep coming in every time bitcoin's price goes down, which I find as an opportunity to accumulate more btc for long term.
Just hodl guyz, you will regret if you don't hodl.
Whales will be cashing out and the weak hands will follow suit. It will be a bloodbath. Once the chaos caused by the whales are over.
They will buyback at a lower price, pumping the prices again. Pump and dump imho is real.
They will buyback at a lower price, pumping the prices again. Pump and dump imho is real.
It's not a bubble because Bitcoin has intrinsic worth due to the fact it has a finite amount. It's not just scarce like gold, you may always find more gold, it's finite.
Can't be a bubble and people who keep calling it a bubble just don't understand what a bubble is.
So the last time it went to $1000+ and then down to under $200 wasn't a bubble then?
Get real.
You are literally commenting on the content of the link without even reading what the content is? The link - as would be evident - is to a book on Amazon. As you will see because it deals with 800 years is not specific on Bitcoin. It is hard-core analysis showing exactly why it is never different - and never has been. I can see why you have a tough time understanding new items when you approach to anything not fitting your preconceived notions is simply dismissed based on what you guess the content is, not what the actual content is.
I won't be reading the whole fuckin book just because you put its link in a post! I just read what is in the page you put its link and its enough to know what the book is about..
You clearly are lying now.
Your initial comment to the link was :
Everything the link says is that bitcoin will crash someday
There is nothing in that page even close to what you are saying here.
There is no point in discussing this point with you when you are simply flat out lying.
But this is also typical of people who are afraid to admit that they are wrong - then they would much rather tell obvious lies than admit they are wrong.
It seems that you don't understand what your link is all about. It doesn't have to explicitly say "bitcoin" to be explained the way I explained it..
And by the way you still didn't answer my question so I'm done arguing with you...
Jeez... you still haven't read it. I have read the whole bloody book....
This time it's different in comparison to what? of course it's different because it's brand new.
It's not a financial bubble because it's not financial. It's technological. It's like comparing the travel logs of steam ships from London to New York vs the same trip done on Concorde. There is no comparison.
The markets will have to reinvent themselves over and over again for the next few years because we still don't even know what Cryprocurrency is yet. So there is absolutely no validity in any comparison or prediction you or anyone else makes.
Stick to the facts. Crypto is the future, Bitcoin is crypto gold and there will only ever be 21 million of them. The rest, right now, is irrelevant.
That's quite a good comparison, concorde was a white elephant that never made a profit.
it is def a bubble, people are paying stupid money for something that doesn't work, and only because they think they can sell it on for more tomorrow. Well hate to tell you, the bubble will burst at some point. Maybe it might even have started.
You missed the point entirely. Concorde was a technical marvel v the steam ship.
It's not a bubble because Bitcoin has intrinsic worth due to the fact it has a finite amount. It's not just scarce like gold, you may always find more gold, it's finite.
Can't be a bubble and people who keep calling it a bubble just don't understand what a bubble is.
Honestly I hope all the whales cash out and the price corrects. Then bitcoin can be put back into the hands of the people that care about it and the price will slowly recover as it should over time.
You are literally commenting on the content of the link without even reading what the content is? The link - as would be evident - is to a book on Amazon. As you will see because it deals with 800 years is not specific on Bitcoin. It is hard-core analysis showing exactly why it is never different - and never has been. I can see why you have a tough time understanding new items when you approach to anything not fitting your preconceived notions is simply dismissed based on what you guess the content is, not what the actual content is.
I won't be reading the whole fuckin book just because you put its link in a post! I just read what is in the page you put its link and its enough to know what the book is about..
You clearly are lying now.
Your initial comment to the link was :
Everything the link says is that bitcoin will crash someday
There is nothing in that page even close to what you are saying here.
There is no point in discussing this point with you when you are simply flat out lying.
But this is also typical of people who are afraid to admit that they are wrong - then they would much rather tell obvious lies than admit they are wrong.
It seems that you don't understand what your link is all about. It doesn't have to explicitly say "bitcoin" to be explained the way I explained it..
And by the way you still didn't answer my question so I'm done arguing with you...
I do not think with their scenario of the price they do, because in my opinion it's better if the pope will cash because they will twist back with it then anyone will be able to buy with a certain value
No. Your post is all about conversion only. Not really about bitcoin.
Look, there could be some reason behind this.
If only those small transaction could be erased from the blockchain so that it will be fast again then I guess this wont be needed to happen.
But miners are getting a lot of spam tx now which couldve been just in one pool.
I got one that is stucked also for two days now. I dont blame anyone for it. This is our own fault or the others who wont use it for the right price.
Look, there could be some reason behind this.
If only those small transaction could be erased from the blockchain so that it will be fast again then I guess this wont be needed to happen.
But miners are getting a lot of spam tx now which couldve been just in one pool.
I got one that is stucked also for two days now. I dont blame anyone for it. This is our own fault or the others who wont use it for the right price.
The best time to sell cryptocoins is when the buyers are the most crowded. So whales can sell big parts of portfolios to the others. This is the right detection. Best strategy is; Gain less but do not lose 
I agreed with you, that's the simplest things to find out to do the right timing of selling our token in the platform. Because its hard to sell our coins if there is no buyers are a getting interest to buy in the coins that we are selling it.
Watching Bitrex and the market. BTC went from $15,800-$15,200 in a matter of a few minutes. The selling in unreal. looks like the whales are definitely cashing out.
Broke $14k
Broke $14k
This time it's different in comparison to what? of course it's different because it's brand new.
It's not a financial bubble because it's not financial. It's technological. It's like comparing the travel logs of steam ships from London to New York vs the same trip done on Concorde. There is no comparison.
The markets will have to reinvent themselves over and over again for the next few years because we still don't even know what Cryprocurrency is yet. So there is absolutely no validity in any comparison or prediction you or anyone else makes.
Stick to the facts. Crypto is the future, Bitcoin is crypto gold and there will only ever be 21 million of them. The rest, right now, is irrelevant.
That's quite a good comparison, concorde was a white elephant that never made a profit.
it is def a bubble, people are paying stupid money for something that doesn't work, and only because they think they can sell it on for more tomorrow. Well hate to tell you, the bubble will burst at some point. Maybe it might even have started.
You are literally commenting on the content of the link without even reading what the content is? The link - as would be evident - is to a book on Amazon. As you will see because it deals with 800 years is not specific on Bitcoin. It is hard-core analysis showing exactly why it is never different - and never has been. I can see why you have a tough time understanding new items when you approach to anything not fitting your preconceived notions is simply dismissed based on what you guess the content is, not what the actual content is.
I won't be reading the whole fuckin book just because you put its link in a post! I just read what is in the page you put its link and its enough to know what the book is about..
You clearly are lying now.
Your initial comment to the link was :
Everything the link says is that bitcoin will crash someday
There is nothing in that page even close to what you are saying here.
There is no point in discussing this point with you when you are simply flat out lying.
But this is also typical of people who are afraid to admit that they are wrong - then they would much rather tell obvious lies than admit they are wrong.
You are literally commenting on the content of the link without even reading what the content is? The link - as would be evident - is to a book on Amazon. As you will see because it deals with 800 years is not specific on Bitcoin. It is hard-core analysis showing exactly why it is never different - and never has been. I can see why you have a tough time understanding new items when you approach to anything not fitting your preconceived notions is simply dismissed based on what you guess the content is, not what the actual content is.
I won't be reading the whole fuckin book just because you put its link in a post! I just read what is in the page you put its link and its enough to know what the book is about..
Everything the link says is that bitcoin will crash someday.. It's not saying that it will crash today.. While your original post is just about guessing that it will crash today, like you guessed - and were wrong - last time..
And btw I'm not saying that this time is different..
Actually, you should tell me why this time is different?? why among all the previous falls in bitcoin price it recovered to a much higher price, but this time it's gonna burst??
And btw I'm not saying that this time is different..
Actually, you should tell me why this time is different?? why among all the previous falls in bitcoin price it recovered to a much higher price, but this time it's gonna burst??
And again I say that I'm not saying this time is different.. Even if it's the same we can still make money out of it.
On the other hand, you didn't even respond to my question.. Why? Can't you understand it?
The extreme escalation in transaction times is there to ensure the whales can cash out but that smaller investors cannot.
Whales can make large transactions, the fees do not mean as much to them.
At the same time the small investors cannot cash out because their investment is quite small compared to the fees.
The result is the following:
- Whales are cashing out, converting to fiat
- Newbies are buying from the whales in the hope of continues increases
- Existing smaller investors do not want to sell now (despite possible large profits) because of the high fees is you only have a small investment (Today another bitcoiner on this forum has to pay a 20$ fee for a 50$ transaction).
When the whales have completed the sell-off, smaller bitcoin investors can finally begin to sell and that will be the trigger for a complete collapse in the price.
Just because one of the so called co founder of bitcoin has been alleged to sell of his bitcoins it doesn't really means that every whales is just selling off. Maybe its just that its a very normal correction in btc price. Yes one has to accept that bitcoin is no longer the old bitcoin and the blockchain on which it works really stinks now due to a lot of congestion but still btc is not out of confidence. Whales can make large transactions, the fees do not mean as much to them.
At the same time the small investors cannot cash out because their investment is quite small compared to the fees.
The result is the following:
- Whales are cashing out, converting to fiat
- Newbies are buying from the whales in the hope of continues increases
- Existing smaller investors do not want to sell now (despite possible large profits) because of the high fees is you only have a small investment (Today another bitcoiner on this forum has to pay a 20$ fee for a 50$ transaction).
When the whales have completed the sell-off, smaller bitcoin investors can finally begin to sell and that will be the trigger for a complete collapse in the price.
It's the same game (zero sum, like all securities/commodities markets all over the world). Sell it down and buy back in.
So you believe the markets are a zero sum game? Sorry to break it to you, but you are quite wrong....
And how would you define a market (and this includes everything in the world from fish in the market to the Nasdaq to crypto) where one person buys and the other sells?
We will never know. Price has been stable. Who knows Bitcoin might rise to 100k in few months. Whales as well as small traders have been cashing out for a while.
It's the same game (zero sum, like all securities/commodities markets all over the world). Sell it down and buy back in.
So you believe the markets are a zero sum game? Sorry to break it to you, but you are quite wrong....
Jump to: