Bitcoin Forum

Everyone in here seems to think that the crash is due to newbies panicking. Reality when you look at the hard data is that it is the HODL'ers who are selling and crashing the market.

Don't believe it? Check out the analysis for yourself:

https://www.coinspeaker.com/2018/06/12/bitcoin-price-decline-2018-caused-hodlers-30b-sell-off-says-chainalysis-report/
 (https://www.coinspeaker.com/2018/06/12/bitcoin-price-decline-2018-caused-hodlers-30b-sell-off-says-chainalysis-report/)

When HODL'ers say "HODL HODL" they are either lying while they are selling. Or if you are truly HODL'ing then you simply being scammed by the other other HODL'ers who are busy selling to you.....

Personally, I won't stick to a random analysis. I don't know the exact reason for such a decline but what do you think, if HODLers sold who is really into the market right now?

And who shows resistance in the market?

Just some logical questions that may give some food for thought.

Yes, a lot of people have been saying they are believers in HODL, but there are a lot of signals that whales or exchanges deliberately release, maybe they are constantly selling coins.

On the other hand, I believe, with the increasing popularity of bitcoin, new investors will emerge. And slowly but surely will increase the demand for bitcoin which will ultimately affect prices

The data is right there. But, as always in here, the cultish believers of Bitcoin are unwilling to see anything that does not support their religious belief that Bitcoin is going to the moon.....

Hodling is not so bad, but we suffer hodling when the whales dump seriously. they dump at a ridiculous price and makes it crash.

You are completely wrong - read the data. The HODL'ers have been selling and the whales have increased their ownership. A sure way to lose money as an "investor" is to guess and not use data and analysis

Not only newbies, most experienced people also selling or convert them to USDT when they know for sure that market is going down, holding tokens will not always give more profits. But they age get in back to the market with some good news and make more and more profits with the investments. Some icos are dumping from the first day of exchange, holders rekt and those who sold on the first wave and again entered in the button can make some profits while others are rekt.  

You are absolutely right, hodling is not the issue, is when you hodl and whales dump at rediculous price.

Again - this is a false statement. Data shows the whales have increased volume, not dumped

That's such a generalization, I would argue that we now have more HODL'ers than ever who are keeping the price above $5000.
A lot of these investors have joined during the 2017 bull run and still haven't sold after the crash from 20k USD.

Before the bull run started, Bitcoin was still trading at just around 1k USD, in the first months of 2017.

https://i.imgur.com/X1EnM96l.png

"I would argue".... No one cares what you would argue. The data shows this is the case.

personally, i dont care about market bull and bear, i always believe cryptocurrency especially bitcoin will be the future currency, so whenever the price up or down, i will still hodling it, its already 19months since ive buy and hold my btc

People are constantly manipulated by fear and false informations, that's why I believe it can be possible that a lot of HODLers sold their coins. A lot of people also need their money and cash out because they cannot aford to loose more in a short term.

Most hodlers have long term price targets in mind, but when the price rockets up from $1000 to $20,000 which people were speculating about to happen somewhere in 2020, people sell because they don't have to wait any longer. Not everyone is here to hodl for ever.

There are enough videos online when Bitcoin was just $100'ish where high level Bitcoiners were stating that Bitcoin could eventually be worth $10,000 or $20,000 and it reached all these levels one by one. Old hands (entry points $100-$1000) out new hands (entry points +$1000-$10,000) in, which significantly helps the market move forward.

In other words, be happy that old hands are dumping. Their coins are worth less for them psychologically because of their insanely low entry points.

The data from the original source you've provided, shows that there's still a majority of long term investors
Here's the original source on which your article is based on:https://blog.chainalysis.com/reports/money-supply

https://i.imgur.com/YifVts1l.png


Lol you tell me 'no one cares what you would argue', yet here you're also coming to some pretty subjective conclusions yourself...

I just believe that beginners are always the victims of falling prices in the market, beginners are not the cause of the decline, but they always panic and always become victims of cheap selling, you may understand

Thats a total of around 14 million hodlers. Thats pretty good

What are you implying here dude?whats the mean of your post regarding the actions of the HODLERs?its their prerogative on what to do and for me,it wasn't your problem.why care if they said HODL when the truth is they are selling?thats part of the market,thats why crypto is volatile because of the investors treatment regards this coins

perhaps. but I'm doing hold all the time while I'm participating in this market and I made a very good start on it

Why not burn your money or use them as toiletpaper - it will be useful that way than blowing them on doomed cryptocoins

There isn’t much to panic though. If the hodlers are selling then that means there will be new hodlers emerging the market. Also the whales constantly manipulates the market. we’ll see a price jump anytime now. These types of news only creates FUD in the market. I believe in bitcoin and I’m optimistic that it will do way better in future.

I am sure not all HODL'ers are thinking the same way. Selling off a percentage of the holding and selling off the entire holing are two different events. While booking a certain percebtage of profit is a normal occurrence, selling off entire holding is not. The analysis doesn't show any such possibility.

The truth is that market is bleeding and people are showing mixed reactions. But a true believer will never sell of their entire holding unless there is an emergency. We need our trust to bitcoin and focus more on spending it like a currency instead of just holding it if we want to see a better future for cryptos.

Holders are holding crypto coins to not lose their capital. They held to make a higher reward, but we get opposite! Nothing to do here, but I think a lot of holders sold their coins to trade again. Only keep holding doesn't make any sense at this moment. I Was a holder, my friends always told me to sell and make hand cash for the future, I did not listen to them. Now I am regretting. So, i sold my coins and become a regular trader. Only traders and sellers are happy now. Holders are bleeding every day. So, this news could be real, but the amount might be lower than 30BN$

I can relate to this, i mainly hold and have been since I started. I have sold also but
a small portion. I dont get too bothered about these games played by the traders.
I believe in the future of bitcoin not in the here and now of the current trend.

Maybe it can be a reason but then again many will take the chance now and buy bitcoin then again it will effect the market. Bull or bearish dont matter anymore I think, Potential investors are still holding their BTC because it is the future.

Well, holding is not good always. There are whales who dumps the price at a very ridiculous value. Also the HODL’ers are selling their coins constantly. Beginners are becoming the victim of this cheap selling!

Holding is bad when the whales seriously dump and they dump at a ridiculous price which leads to crash. Beginners are always the victims of price dropping. Because they panic always and becomes the victim of this cheap selling. Also HODL’ers are constantly selling their coins.

It has become so obvious to start nay project with blockhain ETH without which a few projects are seen nowadays. ETH is getting better and better over the time and with help of Blockchain it is getting higher price than before.

Well, holding is not bad but when the whales seriously dump and they dump at a ludicrous price which leads to crash! HODL’ers are constantly selling coins. Also beginners are always the victims of price falling in the market just because they panic always and becomes the victim of this cheap selling.

I won’t say it cannot be possible as recently people are always manipulated by fake news. So the panic and sell their Bitcoin because they don’t want to lose their money in such a short time.

It's highly possible, big whales come in and go out without even waiting or bothering about the price. That is what all about creating the demand and the  slowing down the demand, hence price rises or drops. This is nothing new to this kind of volatile market. We should be prepared for all instances and ensure that we get in at the rite time and move out once our targets are achieved. That's all I focus and move on.

Yes, I also agree with it. Many people have been telling they believe in HODL. On the other hand there are a lot of signal that whales or connections intentionally release maybe it continuously see the coins.

Shouldn't call them hodlers. They are big whales manipulating the market to earn big profits. They are always in the market. Hodlers are still hodling.
And hodlers are not supposed to always hodl. They should cash out their profit.

Yes ... and this is not the end. A lot of money will be deduced from bitcoin ... hence the price will fall very much. However, if you think so and imagine that there are people (the so-called "whales"), which is beneficial low cost bitcoin ... it becomes clear why the price of bitcoin has not been growing for so long ... whales do not invest, and other bitcoin holders withdraw money from system. Like everything is logical

I'm an HODLER and keep on holding though I'm saying those words I literally do it. I don't have a way to manipulate the market by just saying those words, I decided to focus on long term hodling so it doesn't matter to me if they are selling.

Those whales are just watching the market and happy to see people panic of selling like the way they do. This has been the situation mostly for inexperienced holders, when they see a quick dump, they don't know what to do but it urge them to sell immediately.

from my side i consider bitcoin as a long time investment. and i hold the bitcoin for the future profit. HODL's selling their coin i think this is a rumor.

i think this occurs because of some newbie. the got scared when the price fall down.

i don't believe this. this statement maybe for confused us. HODL's can not do this. I also hold my btc and i have full trust on btc.

No need to panic and point fingers at each other. Its neither the newbies or the HODL'ers making the market crash.  The market is crashing because of the self corrections. There is a pretty good chance the price will never reach $20,000 again this year. If it does, it wouldn't be organic.

I agree with the opinion above. If it's really the HODLers are dumping, then should we still call them HODLers when they are selling at low times?

Who shows resistance in the market? - This question makes me think about who's really dumping the coins.

Really it's help to drop crypto market but not directly. Holding crypto is not a bad thing  but sometimes it felt some bad effects on market.

By reading the article I realize that HODL'ers are also take part for dropping bitcoin but HODL'ers not only there for droping the market.

Do not forget that there are a small number of wallets that store a fairly large amount of bitcoins.Maybe someone has one of them start to sell their coins, and thus bring down the rate

Why I smell this more than trolling and less than analysis?
OP is just creating commotion that can make us think we've got scammed and it's time to sell what we hold.

Please, people don't buy this because the moment you believe then it will be the moment you'll lose. On a contrary, I still see people that optimist about the current state of bitcoin and didn't bother to worry about this. Holders will be holders until we reach new ATH.

I used to read different analysis  article and they blame different factor for this current situation of bitcoin.

and to summerise the topic
in december long term holders sold $15b (aticle said $30b over several months but half of that was december alone)

at an (average price) of $15k a btc that means 1mill btc moved in december.

what the article does NOT show is
after selling and price corrected down below $10k how many old holders bought back in and thus attaind mor bitcoin than they sold, due to the corrctd price

what the article does not show is
that 1mill bitcoins move in a month anyway. think about it. even if ther is only exchange volume of 50k a day. thats 1.5mill a month. xhcnages easily do 1.5mill a month volume any month/every month easily

what the article does not show is
the hodl's are not investors. but the exchange reserve itself swapping/arbitraging coins to other exchanges to flip a profit in an a small time while traders(small fish) play the public market

what the article does not show is
the people. it just speculates that X might be a person rather than an exchange.

When scam happens it create problem .HODL causing the crash I am not sure about this but if it really happened it will be trouble for the market .

Interesting data. I think that hodlers are very dependent on news and are prone to panic, so they are more harmful to the market than traders.

The cryptocurrency market is always unstable. The prices are always increasing or decreasing. But the real cause behind this pump or dump in price can never be known. According to the report of chainanalysis, the long term investors sold 30 million dollars of Bitcoin between December to August. This could have caused the price of Bitcoin to decline.

This is sad to see that the HOLDers sold their coins off like that. We should remain calm and be patient, otherwise the market will face even more crashes.

I still adhere to the strategy of holding and let me say anything I will not refuse from it for a second

freightjoe is a known fudster. I'm going to archive this thread for future reference in its unedited form.
10 years from now it's going to be hilarious.



This analysis may very well be misleading. Also people shouldn't forget that there was a huge party with the obligation to sell, and that was the Mt.Gox trustee. This might look like Hodlers finally letting go of their coins but in truth it's just the trustee doing his fiduciary duty.

This is an important thing, but this does not mean that any coins that have long been kept in order to monitor the market system and sell coins collected at different times for stability in the market.

There are some plus sides to be seen too. Given the condition of the market is bad, but the popularity is still increasing. This could generate in more investors and might be a good thing for the market.

Anyone saying "HODL" is an investment strategy is just showing that they have absolutely zero knowledge in terms of what an investment strategy is - it is in indication that the person is likely not very clever but is basing everything on a combination of hope and positive messages together with other HODL'ers....

In other altcoins I see many sellers of their coins and it does not fall into price. I think the price of altcoins depends on the crypto markets.

Yes I think HODL is almost a habitual thing nowdays. It is an overused term often with no context on why and when..

I think they made the right decision. Many of these guys bought bitcoin for less than $ 1000 and made a good profit.