Will Bulls Decide BTC is an Inflation Hedge & Charge? - page 2.

_BlackStar

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Quote from: Dockertroy on June 10, 2022, 11:12:29 AM

What I was getting at is I am sure alot of the really big whales talk to each other. I should have probably said "there could be some coordination"

No, they probably won't coordinate on this, while I'm sure they also want an advantage in the end. You cannot expect two large institutions that have held large amounts of bitcoin to coordinate with each other to hold bitcoins forever without spending them in a bull market. They also aim to make a profit but may exit gradually when the target is reached.

The rules of the game are the same, so trust the community and never think that only whales can help you with this.

Silberman

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Quote from: Dockertroy on June 10, 2022, 11:12:29 AM

"What do you mean there should be some coordination? could the popes form a group and drop the price together?"

What I was getting at is I am sure alot of the really big whales talk to each other. I should have probably said "there could be some coordination"

Even if we call them whales this does not mean they are an uniform group with the exact same goals, besides whales are experts at taking advantage of the market sentiment, right now such sentiment is bearish so they are not going to waste their time trying to force it into a bullish state, you can be sure the whales are buying like crazy but they are doing this while being hidden from public view, only when the circumstances are right and they have filled their bags they will reveal what they have been doing.

so98nn

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Whales, big bosses, richie's whatever you call them, they are they because of their on going strategies to build the empire. They don't care if the two countries are at war somewhere at the corner of earth. All they care is to maintain their wealth and how to expand it further. So on scale of 1 to 10, they gate 11 points as to be involved with the current opportunity takers. If anything is getting bought in the bearish market then its going into the whales wallet.

They know the importance of buying at bearish, they have the capabilities to do so because they have the ready funds to risk. They are taking risks, because they make money from their money. They don't look for congested timelines but bigger scale, two to three years of planning altogether. Definitely the bulls will take advantage. Inflation is for poors and middle classes, not the riches.

TheUltraElite

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Quote from: Dockertroy on June 10, 2022, 09:51:31 AM

It is puzzling to me that the bulls are not stepping in scooping up more BTC at this price. Is it because no one wants to go first? I would have thought there would be some coordination between a few of them it will start the mother of all bull cycles but it seems no one is prepared to get the ball rolling.

Do you know these whales yourself? I can answer that for you that you dont. This is because bulls and whales are only terms created by those observing the market.

If you look into the charts you may not get the complete picture. Often there is a selling vs buying pressure difference that is close to zero and the market remains stagnant but the daily trading volume rises. Only if this balance gets toppled to once side do we see the bull/bear move. This is more like being in the sidelines which the actual wrestling is happening in the ring and therefore is easy to comment but to not know the fact.

A number of reasons are behind the current bear market. Unless there is a resolution of those or starting of new positive news, a bigger move is difficult to start. Just in case you are getting tired of the bearish trend, take a break from the market, it often helps instead of complaining.

bitmover

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Quote from: Dockertroy on June 10, 2022, 09:51:31 AM

It is puzzling to me that the bulls are not stepping in scooping up more BTC at this price. Is it because no one wants to go first? I would have thought there would be some coordination between a few of them it will start the mother of all bull cycles but it seems no one is prepared to get the ball rolling.

The problem is that you are not seeing the whole picture.

There is a war happening in Russia/Ukraine, which generates a lot of fear and bear market all over the world.
Additionally, FED is raising interest rates, which takes money away from risk assets (such as btc and stock market).

The timing is not good for the bulls to trigger a bull run. Investing and holding is about patience.

Dockertroy

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"What do you mean there should be some coordination? could the popes form a group and drop the price together?"

What I was getting at is I am sure alot of the really big whales talk to each other. I should have probably said "there could be some coordination"

hyudien

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Quote from: Dockertroy on June 10, 2022, 09:51:31 AM

I would have thought there would be some coordination between a few of them it will start the mother of all bull cycles but it seems no one is prepared to get the ball rolling.

Should bear market cycles wait for confirmation to drop in price? the value of the entire Bitcoin market is already high, and of course, there is no need for confirmation from everyone to be on standby to decide the market. Bitcoins are held individually demand and supply in the market are based on relatively unpredictable cycles.

What do you mean there should be some coordination? could the popes form a group and drop the price together?

DapanasFruit

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We assumed that if there will be a time when the economy would be experiencing a good level of inflation then more and more people and institutions would be getting BTC as their hedge or protection from the ill-effects of inflationary pressures...but right now when inflation is very much on our faces how come BTC is so sluggish? Frankly speaking, am confused too and I want to know the real scope in here. Can it be because investors are looking for the possibility that BTC will further go down in value...may even going down below the $20K threshold? Or maybe we are just so assumptive with this idea...?

Dockertroy

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As we all know the BTC narrative is that it is protection against inflationary FIAT currencies worldwide. Granted since it's inception inflation has not been spiraling out of control but it sure is now!

It is puzzling to me that the bulls are not stepping in scooping up more BTC at this price. Is it because no one wants to go first? I would have thought there would be some coordination between a few of them it will start the mother of all bull cycles but it seems no one is prepared to get the ball rolling.

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