Whales are accumulating bitcoin - page 2.

tabas

hero member

Activity: 3024

Merit: 745

Top Crypto Casino

Quote from: Oshosondy on October 19, 2024, 08:05:30 AM

I read it on news that as the price of bitcoin is getting closer to $70000, that new and old whales wallets are accumulating bitcoin at a speed which resembles July 2020 to January 2021 when bitcoin increased by 550%.

According to the news, what it means is that bull run is likely coming and that this is just the beginning of it. What you think about it? I think history can repeat itself.

History will definitely repeat itself, as we've got the 4-year cycle there goes the whales that will continue to accumulate. With this, it won't be amusing anymore that the whales are actually accumulating at a faster rate. They don't want to be left behind and they know more than us that this bull run is much better and will be different than the past. With the increase in the percentage of accumulation, if they're doing that then those that haven't considered accumulating yet needs to do something for themselves already so that they will be able to ride on this bull run before they feel that they've been left behind already.

Dave1

hero member

Activity: 1414

Merit: 542

Quote from: Ultegra134 on October 24, 2024, 06:01:29 PM

Quote from: Questat on October 24, 2024, 05:25:22 PM

Regardless of the season, new and old whales will find ways to accumulate vast amount of bitcoin. So even if bull run is here to come, that won't stop them from accumulating more bitcoin by trying to create some fuds that will affect the price and that's when they will take advantage and buy massive amount.

While those regular investors cannot relate to this, but big whales have their own ways on how they can take an edge in the market and buy bitcoin at a massive.

Although it's not necessarily an indicator that something is happening, I'm guessing that the whales are on to something. A few weeks ago I wasn't confident that Bitcoin was capable of surpassing its previous ATH, but now it's something that looks quite possible. Bitcoin almost reached $70,000 a few days ago, something which sparked my interest because the past few months have been quite stable, barely surpassing $65,000. There's still a possibility of a bull market till 2025.

Well it could be that they are preparing themselves for a big rally, or maybe they are just whales, trying to out buy everyone and have a lot of Bitcoin at their disposal because we all know that sooner or later, we are going to hit new all time high again.

It's not that there is a possibility of a bull market in 2025, we are in the bull market already. Although it could be a different bull run since we have hit new all time high prior to the halving itself. But still we are very positive that somewhere next year, we might be really seeing a 6 digit price of Bitcoin.

Smack That Ace

legendary

Activity: 1890

Merit: 1102

Free Free Palestine

Quote from: Questat on October 24, 2024, 05:25:22 PM

Quote from: Oshosondy on October 19, 2024, 08:05:30 AM

I read it on news that as the price of bitcoin is getting closer to $70000, that new and old whales wallets are accumulating bitcoin at a speed which resembles July 2020 to January 2021 when bitcoin increased by 550%.

According to the news, what it means is that bull run is likely coming and that this is just the beginning of it. What you think about it? I think history can repeat itself.

Regardless of the season, new and old whales will find ways to accumulate vast amount of bitcoin. So even if bull run is here to come, that won't stop them from accumulating more bitcoin by trying to create some fuds that will affect the price and that's when they will take advantage and buy massive amount.

While those regular investors cannot relate to this, but big whales have their own ways on how they can take an edge in the market and buy bitcoin at a massive.

You are right, whales always try to accumulate bitcoin no matter what season we are in because they are the ones with money and they have different strategies than us. They are not like retail investors like us, we need to wait, determine the trend to buy...but they buy whenever they want.
A real-life example that we can easily see is MicroStrategy, they have been continuously buying bitcoin since the 2021 bull season until now, they hardly care about what bitcoin price is trading at. Likewise, Blackrock has been buying bitcoin since the bitcoin ETF was approved, they have never sold a single bitcoin.
Whales are buying more and more while we, the little shrimps, are selling bitcoin every day because of Fud. Cheesy

Ultegra134

hero member

Activity: 1680

Merit: 845

Quote from: Questat on October 24, 2024, 05:25:22 PM

Regardless of the season, new and old whales will find ways to accumulate vast amount of bitcoin. So even if bull run is here to come, that won't stop them from accumulating more bitcoin by trying to create some fuds that will affect the price and that's when they will take advantage and buy massive amount.

While those regular investors cannot relate to this, but big whales have their own ways on how they can take an edge in the market and buy bitcoin at a massive.

Although it's not necessarily an indicator that something is happening, I'm guessing that the whales are on to something. A few weeks ago I wasn't confident that Bitcoin was capable of surpassing its previous ATH, but now it's something that looks quite possible. Bitcoin almost reached $70,000 a few days ago, something which sparked my interest because the past few months have been quite stable, barely surpassing $65,000. There's still a possibility of a bull market till 2025.

Bialke

jr. member

Activity: 98

Merit: 5

[Sarcasm] Yes, of course. The whales sitting all together in their secret office to operate this secret plan. [/Sarcasm]

Zaguru12

hero member

Activity: 840

Merit: 932

Quote from: Questat on October 24, 2024, 05:25:22 PM

Regardless of the season, new and old whales will find ways to accumulate vast amount of bitcoin. So even if bull run is here to come, that won't stop them from accumulating more bitcoin by trying to create some fuds that will affect the price and that's when they will take advantage and buy massive amount.

While those regular investors cannot relate to this, but big whales have their own ways on how they can take an edge in the market and buy bitcoin at a massive.

This is what some people call manipulation, Many people think that this people actually control or manipulate the price but I say they don’t but rather they manipulate the regular investors. Take for example Microstrategy, they usually buy whenever there is dip but guess what they make every of their move public, I feel this is just to get the crowd moving with them and when they announce sale there’s FUD by People so that they can buy at the cheaper price. Bitcoin whales are always those who are waiting to seize the opportunity to get a discount buy.

The recent movement of bitcoin and the timing is something that will intrigue an investor to accumulate although it is not FOMO if the plan is to hodl for long other than it is FOMO. This is the last quarter of the year and it is widely expected that a pump in this period is actually going to be the start of the much anticipated bull run and as such whales just want to add more to their holdings. For regular investors it is best to stick to your own DCA

Ojima-ojo

hero member

Activity: 826

Merit: 481

Quote from: GigaBit on October 23, 2024, 09:10:29 AM

All bitcoiners have preconceived notions of bitcoin bull run before the price of bitcoin rises. When the excitement of a bull run works its way through, Bitcoin prices peak after that period. The idea we had from 2020 turned into reality in 2021. Which was the highest price ever at that time. Likewise, we expect a bigger bull market in 2024-25 than that. Meanwhile, all those who are whale investors are trying to hold Bitcoin as much as they can. Those who doing DCA are also trying to get a good preparation. A bull market excitement has been created all around which has come to such a state even before the last bull market. But those who will benefit the most in a bull market will increase their portfolio accordingly. Nowadays not only whale investors but all types of investors are preparing them self.

The fact is that, no one can tell when bitcoin bull market will happen and if we keep specualtive asides and face the reality of things, bitcoin have done what we call pre bull market run up in 2024 so expecting another bull market within this time frame can be almost an impossible speculations, and if all things be equal, bitcoin will have it next bull market possibility in the year 2025 which is the year where bitcoin ETF would have gained alot of ground already.

And yes those that are currently DCA bitcoin are going to be in a good position that time and for sure alot of whale's who are currently accumulating bitcoin also will offload alot of their bag since the price will be 2x of the current price of bitcoin and also doubling the previous all time high price by then, at least that will give alot of excitement in the community.

Questat

hero member

Activity: 2982

Merit: 610

Quote from: Oshosondy on October 19, 2024, 08:05:30 AM

I read it on news that as the price of bitcoin is getting closer to $70000, that new and old whales wallets are accumulating bitcoin at a speed which resembles July 2020 to January 2021 when bitcoin increased by 550%.

According to the news, what it means is that bull run is likely coming and that this is just the beginning of it. What you think about it? I think history can repeat itself.

Regardless of the season, new and old whales will find ways to accumulate vast amount of bitcoin. So even if bull run is here to come, that won't stop them from accumulating more bitcoin by trying to create some fuds that will affect the price and that's when they will take advantage and buy massive amount.

While those regular investors cannot relate to this, but big whales have their own ways on how they can take an edge in the market and buy bitcoin at a massive.

JeffBrad12

hero member

Activity: 2926

Merit: 533

Leading Crypto Sports Betting & Casino Platform

Quote from: GigaBit on October 23, 2024, 09:10:29 AM

All bitcoiners have preconceived notions of bitcoin bull run before the price of bitcoin rises. When the excitement of a bull run works its way through, Bitcoin prices peak after that period. The idea we had from 2020 turned into reality in 2021. Which was the highest price ever at that time. Likewise, we expect a bigger bull market in 2024-25 than that. Meanwhile, all those who are whale investors are trying to hold Bitcoin as much as they can. Those who doing DCA are also trying to get a good preparation. A bull market excitement has been created all around which has come to such a state even before the last bull market. But those who will benefit the most in a bull market will increase their portfolio accordingly. Nowadays not only whale investors but all types of investors are preparing them self.

apparently it seems the accumulation phase resumed, the whales might be accumulating at this price because they know what's coming and expect bitcoin price to go higher than previous ATH in 2025. as for this year, I just expect the price to go sideways again I guess, this is the thing with BTC market, always so complicated to predict Grin

.
I mean great deal of people caught off guard seeing the recent rally that suddenly rose up really high to almost hitting $70k, everyone thought BTC gonna just follow descending channel pattern and go around $50k again but turns out we're wrong.

as of now the market is having retracement and it could mean two things, it's just small retracement to create candle wick and will resume the rally after wards. or resuming the accumulation phase.

GigaBit

hero member

Activity: 1666

Merit: 513

Leading Crypto Sports Betting & Casino Platform

All bitcoiners have preconceived notions of bitcoin bull run before the price of bitcoin rises. When the excitement of a bull run works its way through, Bitcoin prices peak after that period. The idea we had from 2020 turned into reality in 2021. Which was the highest price ever at that time. Likewise, we expect a bigger bull market in 2024-25 than that. Meanwhile, all those who are whale investors are trying to hold Bitcoin as much as they can. Those who doing DCA are also trying to get a good preparation. A bull market excitement has been created all around which has come to such a state even before the last bull market. But those who will benefit the most in a bull market will increase their portfolio accordingly. Nowadays not only whale investors but all types of investors are preparing them self.

Kemarit

legendary

Activity: 3080

Merit: 1353

Quote from: Oshosondy on October 21, 2024, 09:16:24 AM

Quote from: asriloni on October 20, 2024, 09:46:55 AM

It most likely we're heading toward the same bullrun that happened in 2022 & 2018. There are more long-term holder wallets. This means more people are buying BTC to hold it long-term. It seems the bullrun is gonna start very soon.

Both 2018 and 2022 were bear market that many bulls turned bears. The price of bitcoin and other cryptocurrencies fell during those years. The bull year were 2016/2017 and 2020/2021 which are the bull years that you are referring to.

And I think bulls come become bears as well, specially in years that the price is going down, it will make sense for them to accumulate and I think that's where it separates the wise and smart investors from all other investors.

As this whales knows when to enter the market and then accumulate as many as they can as the price is really cheap. Just imagine the lowest low for this bear cycle, it is $15,500 and so if they were able to buy in bulk and then just hold up to this day, this whales have a lot of profits already.

icalical

sr. member

Activity: 1400

Merit: 268

Fully Regulated Crypto Casino

With the current momentum, it is true that Bitcoin whales are accumulating at a very fast pace, with inflows reaching up to $1 billion daily in October 2024. The buildup now somewhat resembles that seen in 2020 before the big bull run in 2021. On-chain data reveals lots of institutional activity where old and new whales are adding more Bitcoin to their treasuries, could be a signal for a bullish trend coming.

https://coingape.com/heres-how-100k-weekly-bitcoin-inflows-are-setting-stage-for-next-btc-bull-run/

Yet, it is not as crystal-clear. However I also see that Bitcoin's price is still showing lower highs and lower lows, an indication that this market may not go into an explosion of growth as fast as some people would expect. With history perhaps repeating, but expecting the same huge growth rate might be a tad optimistic. I think we also have to look at different indications.

Oshosondy

legendary

Activity: 1610

Merit: 1193

Gamble responsibly

Quote from: asriloni on October 20, 2024, 09:46:55 AM

It most likely we're heading toward the same bullrun that happened in 2022 & 2018. There are more long-term holder wallets. This means more people are buying BTC to hold it long-term. It seems the bullrun is gonna start very soon.

Both 2018 and 2022 were bear market that many bulls turned bears. The price of bitcoin and other cryptocurrencies fell during those years. The bull year were 2016/2017 and 2020/2021 which are the bull years that you are referring to.

asriloni

legendary

Activity: 3038

Merit: 1024

Leading Crypto Sports Betting & Casino Platform

It most likely we're heading toward the same bullrun that happened in 2022 & 2018. There are more long-term holder wallets. This means more people are buying BTC to hold it long-term. It seems the bullrun is gonna start very soon.

We have crossed 60k, 65k, then 68k. I'm very bullish on BTC. If it runs at the current rate, it will hit a new ATH, like the DJ and SP500. And it will attract fresh money to inflow BTC ETF. Hopefully, we will cross 70k in the upcoming week.

JeffBrad12

hero member

Activity: 2926

Merit: 533

Leading Crypto Sports Betting & Casino Platform

I personally also think that the buy pressure is so strong it's unusual, despite huge open interest at peak that indicates retailer shorting BTC, the whale just keep accumulating.

I think we've flipped the resistance zone to support zone for real this time around, moreover 7d chart shows bitcoin already making a break out.

moreover ETF inflow has been positive for 6 consecutive days, we all know what direction we're heading right now Wink

.

Akbarkoe

legendary

Activity: 1204

Merit: 1005

This is like what happened in the previous cycle, the biggest catalyst at this time will occur in November because the US election will occur, those popes are aware that there will be a big thing happening again with bitcoin, they collect bitcoin right close to this election shows that some popes will also bet their money to increase the price on bitcoin before and after this US election, then some positive things from CPI data, US unemployment index data decreased, inflation decreased it makes optimistic space for future bitcoin movements, there is always a reason why the popes take their position. Wink

ajiz138

hero member

Activity: 1498

Merit: 785

This is just the initial phase of the bullrun, approaching $70K is an indication that investors think history is likely to repeat itself.

The whales have a unique way of accumulating their bitcoins, as we know they could be manipulating the market but that is not entirely true where the whales want to make big profits so they know when to buy in preparation for the bullrun.

We will enter where the market leads to a positive trend.

OgNasty

donator

Activity: 4760

Merit: 4323

Leading Crypto Sports Betting & Casino Platform

Between mtgox and Germany dumping a ton of Bitcoin on the market, I would say that everyone is accumulating Bitcoin heavily right now. Without massive buying we could have easily seen the price dip into the 20s, as the selling volume was there. Blackrock and other entities have been buying heavily at levels I think most people aren't aware of or are in denial of. The coming Bitcoin boom is really going to shock people. With Blackrock on board now, you know their profits will be explosive. They don't get involved if they don't have a plan to make a ridiculous amount of money. We're going to see that plan play out in the next 12 months.

cabron

hero member

Activity: 2800

Merit: 595

https://www.betcoin.ag

The charts certainly confused people about what the market would do as it seemed very overbought since the price touched $73k. It dips back to $49k but that was just it and most probably those whales are also waiting for the price to dip back closer to that price again. Yet if this uptrend is going to leave them behind, they gotta buy back right now.

The price has stayed up since last month so it must be a bull run again. Or we can wait for what will happen next.

Wiwo

hero member

Activity: 1022

Merit: 667

Top Crypto Casino

Quote from: Oshosondy on October 19, 2024, 08:37:36 AM

Quote from: Odohu on October 19, 2024, 08:09:53 AM

Will it not be best to post this in Bitcoin Discussion instead of the service board?

I made a mistake. I wanted to post it on bitcoin speculation board but I mistakenly posted it on service board. The right board for it is not bitcoin discussion board but bitcoin speculation board and I have moved it there. But thanks for letting me know, it makes me know that I posted it on the wrong board.

Yeah I first comment on this thread while it was in the service section unknowingly a, only a few seconds after that I saw this thread have been moved to speculation board which is the right board, the fact is that, bitcoin speculations is somewhat hard to do and for that whales believes in just one thing which is accumulation of more bitcoin at any discounted price, which will put them in the best position to make profits.

Topic: Whales are accumulating bitcoin - page 2. (Read 524 times)