Bitcoin Forum

Whales cashed out from the most stable asset in recent months (that is BTC of course  ;D)
To make some dollies on extremely volatile, classic, cash grabbing, roulette-like, FED(fake) stock market.
Change my mind  8)

There's nothing changing on the Bitcoin side. Bitcoin is still a revolution for human life. But the age of others is slowly closing.
Cryptocurrencies have a purpose, vision. (not all) This still makes me think the potential is high.

No point in changing your mind if you think that BTC was the most stable asset in the recent months. You're already wrong from the start.

Smart whales (and I guess they're smart since they're whales) have probably sold weeks ago. Now that the price has dumped, it became a logical thing to me that the price has to drop during a health crisis. People do not care anymore about their holdings during this time: it's time to prepare for survival, not to become rich.

The intelligent ones have sold long ago and are now purchasing at lower prices to lower their avg cost. The ones in need (or driven by panic) are selling now. Both kinds of people are leading to the same market move: a huge dump.

Well that sounds logical, everything is cheap right now some could have sold their bitcoin to buy cheap stock, assets etc, then when the market recovers they sell and buy back bitcoin or whatever.

But if you happen to have a lot of fiat, currently bitcoin is also very cheap to buy, such an opportunity does not come often. If you survive the virus, that is.

Virus is annoying today. However, this will definitely be different in the future. I think there will be major improvements in the treatment of the virus in a few months. Because an epidemic is threatening not only 1-2 countries but the whole world.
Let's put this aside.
Cryptocurrencies are the easiest way to pay, even now. I think it is our duty to explain this technology, development and ease to people. So we can make progress.

O c'mon You...
Some positive propaganda must be spread and if you have missed it by any chance, I will repeat:  ;D ;D
But still, you said no point in changing my mind but you have tried any way, appreciated.


Sure thing but in case of huge sums, it is the value changes that matter. We have had quite a lot of those on the stock market while bitcoin cemented itself on 9-10K. Great for holding but lame for making MORE.


Deliberately dismissing the negative propaganda about the V. I think its a psy-op made (deliberate or not) in order to build giant DNA database.

I won't change your mind :D
There are some panic people that sold their coins, but the whales sold first creating this huge crash, and after some time they will buy again
For us holders nothing has changed, and I already some more satoshis in this fall

Well, it's true. Many have sold and probably used the money for buying their goods and preparing themselves to buy back if it got cheaper and scatter their money in different cheap stocks today.

Could be this another reason and contribution to the crash?

--> https://www.reddit.com/r/MakerDAO/comments/fhs7kp/just_got_100_liquidated_with_my_1713_eth_cdp_fck/

I'm still confused about how they work.

bitcoin just proved it's much more volatile than stocks. why leave for the stock market at all? :P

here's a theory for you: the plus token scammers dumped 13k BTC on the market (https://twitter.com/ErgoBTC/status/1236072541808029696) right as the stock market was imploding. recession and economic crash fear combined with massive dumping into a thin market---it's no wonder why this happened, really. we should have seen it coming.

The simplest form of explanation for me is, "It is manipulated because the rich wants to become even more richer."

All markets has been down these days, imagine when it recovers.

The social media and press created enough hype over the pandemic to make the people panic and destroy the market.
I don't know but people misunderstood the community quarantine and caused them to sold whatever asset they have to buy necessities to survive. These is where whales took advantage of.

There's no way I can tell anyone something positive about Bitcoin's price when I know we're witnessing a freefall. If anything, I'd tell people not to put their trust in any volatile asset at the moment (including stocks). The chances of a stock or crypto full recovery are slight imo, unless people have stopped selling but I doubt it.

The further we progress in the crisis, the worse it's going to be. In the end, Bitcoin and commodity hodlers will probably thrive off their holdings but right now it's a huge pit of fire all assets, including commodities, have been thrown into.

No doubt bitcoin market too is dominated by the same investors that manipulates the market to buy for cheap and sell for high. Be it the stocks or crypto or even real estates.
The current dip in stock markets have brought down the price of shares lower than the last few years and to buy the shares cheap, they'd need money. It's a simple maths.

It is estimated that an effective coronavirus vaccine will appear somewhere in one year. According to German Chancellor Merkel, about 70 percent of the planet could be ill with the coronavirus during this time. Another unpleasant fact appeared: in people who have had coronavirus, the lungs do not fully recover, so they experience shortness of breath even when walking. The coronavirus really turned out to be very scary. Now  refer to the prophecies of Vanga, who supposedly said that in 2020 about 200 million people will die from the epidemic. Now the virus has begun to mutate, a certain part of the chain has disappeared, and because of this, the duration of the latent period of the carrier of this virus has increased to a month.

So true the whales sold and made their FIAT. And they did it right in the midst of the chaos of the Coronavirus. The BTCitcoin holders we have left to go on and wait for the bugs in the crypto space to be fixed. We are sure that full financial freedom will be achieved successfully and the path is already drawn.

We have our minds, and perhaps we will have different opinions regarding the crash. We don't have to change other people's opinions because they are free to tell what is inside in their minds. But yes, the crash happens from a few days ago, and this month, the bitcoin price is at a lower price than the last month. There are many reasons why the crash happens, but we don't know the real reason, and we are still guessing about what is happening with the market. But perhaps, the crash happens because many people panic because of the Corona Virus, so they need money to buy their daily needs without going to go to the store.

The fact that the whales should have received their profit in any case is not in doubt, but I think that the whales here came in a very good time for such cases, because the stock assets fell from the coronavirus, and eventually it turned into a collapse cryptocurrencies.

I do not want to change your mind but consider the follow situation which I believe is the real reason behind the crash that happened. There used to be a scheme that paid paying around 10-15% interest per month and it was fondly known as Plus Token and they have been running quite nicely until recently when they scammed everyone and left behind crying investors and the scam is not a small one, the volumes involved are massive and you might want to read more - https://cryptonews.com/news/plustoken-scam-still-has-btc-61-229-undistributed-report-6010.htm

So while I believe whales and others might have dumped and caused a panic sell but I do believe the main reason behind the drop that happened is the plus token scam scheme that finally ran away.

That is the dream of most long time hodlers. You can imagine how many topics are created when the price went up to 9k. Nobody knows the price will be massively dumped. Just the time we are all in the middle of the crises. Nobody knows when the convid-19 will finally be wipe put if we finally can discover the cure. But the big one is how, when, how long, how much will the bitcoin ever rise again

I have told people to cut their projection of Bitcoin performance close to halving short, it is a well known fact that the halving has already been priced into the current price and I have told people that the price would crashed close to the halving, it is just that it comes early, the main pump this year is coming in the last quarter of the year IMO

Stock market will fall inevitably, because of the panic buying going on. People selling their assets to buy things they need to survive. While crypto on the other hand followed the downfall, and It is continuing to fall atm.
This is what I am talking about. Once the market recovers, I cannot imagine how huge will the whales are going to harvest. From the stock market, to cryptocurrency.
This is indeed the very good time to enter the market, but one thing that might give you second thoughts, is the sense of survival. Which will you choose? Investment over necessities?, or the other way round?

Btc is just another commodity for big business.  Simple as that. 

There is always an explanation on every crash but we have different belief maybe.
Some of us think bitcoin is gonna dump more, some of us think this dump gives them an opportunity to accumulate.

So everyone can make their own decision on what they believe, besides all of us who invested on bitcoin is not sure of its future, hence we are gambling and we know that gambling has a risk, but we need to manage it.

Trump closed the borders to Europe and Wall Street traders went crazy.The crypto markets simply joined the panic.Probably some crypto whales sold their Bitcoins as well.After all that panic ends,there will be lots of cheap bitcoins to buy and the profit margins are going to be huge,but the BTC market price will recover to 10K USD after 1 or 2 years.I disagree with your opinion that Bitcoin was the most stable asset in the recent months.It was bullish during January,but it wasn't stable and it never will be.