Bitcoin Forum

 :D With profound gratitude and deep appreciation to those who short-sold their Bitcoin for this moment to be realistic, I think you’ll. Believe me, without them this moment shouldn’t have been possible, so, we the long hodlers say thanks, more liquidity still in need from these sellers.

And as much as we preach in the last couple of months that shorting bitcoin is dangerous because you will get rekt, but still traders and speculators think they can in this super fast rally that we have seen since late 2020 and up to this time. But we long term holders doesn't need to rub it in, we only wish they could have learn their lessons.

I'm both.

Shorted and sold lower than the price these days and still got some on the side which is going to be held for I don't know how long. But the encouragement that it has given to me has increased that I should've kept more while I can.

I wouldn't look to those people who have shorted, everyone has their own selling point to be made and the prices today if it's up and a good price, I would respect their decision that they've sold.

Thanks to them, but thanks to the buyers also. Without them, those sell orders wouldn't have been filled. And thanks to the hodlers as well; while the sellers are making their move, the hodlers remain steadfast and therefore prevented the market to get flooded with a higher supply.

In other words, thanks to us all. This bull run and price rally is happening because each of us made a contribution. As a matter of fact, thanks to the naysayers as well the conviction of supporters are always kept strong. 

Without buyers, it would be quite hard to see Bitcoin price to reach these levels. On the contrary, sellers caused some corrections on the price. We should be thankful for buyers rather than sellers.  ;D

trust me that this April the whales' target was met with bitcoin ATH over $ 70,000. and so touching what will happen next?
I still don't know if the bear market will hit in the next month, because the bitcoin fees are getting too high, or just leave us and go with the big holders.

very true, that is the cycle of succession and progress leaving behind the old holders. until the time the highest price is in sight. and we are part of a growing place to buy bitcoin prices when it's cheap. now is the time for the new generation to continue with the fantastic ATH.

I've seen it somewhere that they targeting 75.000$ i guess in this ATH, holding bitcoins is tempting of this price but as long as you have better it will be stock it and never look the price until it shines to the fullest, my friend holding bitcoins 10yrs ago and he still not selling it even once.

It is now obvious that bitcoin is used as investment, asset and income flow for people. Those who short obviously know that bitcoin was still on bull but they couldn't hodl anymore to risk waiting a long time if bitcoin drops drastically and that was a major reason to short. Now, are they going to regret seeing price climbing to $64k? They sold for financial need and bitcoin is climbing for real hodlers.

Checking on the past movement of bitcoin from 2017, this bull is different and I feel that next halving is going to take another hot bull and volatility.

A matket can't survive without these both type of people. So doesn't matter if you are a bull or a bear, you are an integral part of the market. If there's no bull, no one would buy and if there's no bear, no one would sell. So technically the market will be stuck without any one of them. So instead of laughing, learn from their mistakes and prepare for a better future!

If bitcoin touches $75,000 people and experts will call higher targets for bitcoin. It is very normal on the financial market and I don't believe in those experts' opinions. They change their minds with the market.

I have my speculation that Bitcoin will have 2021 all time high in $100,000 or 20% to 50% higher than $100,000. The 20 to 50 percent will come from hype.

Those who keep hodling BTC since they started doing it years ago aren't the ones that are driving the price up because they're not actively participating in the market. Those who are selling their BTC during the ATH are actually contributing to the downward price movement, but since there are clearly more people who keep buying even at such a high price, the price keeps getting higher anyway. As for those who're driving the price up, I think these are companies that start to see potential in Bitcoin and crypto newbies who are buying BTC due to FOMO but will sell at the first sign of the bull run being over.

i'm confused about how much sarcasm is in this post. those who short sold their bitcoins are the reason why it took this much to reach this price and they are not really interesting in the market to be sarcastic to either. those interesting ones that we all "love" are those who panic sell their bitcoins when it is too late to see (that is at the bottom of the dip).

The biggest thanks will be for bitcoin because bitcoin can reach the new ATH now. But that will not stop for that price because bitcoin price can increase more and reach the next ATH, which could be at any high price. But some people still hold their bitcoin because this is not their target price and will still wait for more until they see their target price. More people will see what happens to bitcoin, and they will join in bitcoin and buy bitcoin like other people.

Yeah, huge thanks for the people and institutions that helped Bitcoin price to reach a new ATH. I'm very glad about this rise and my investment continues to increase in value.  ;D  And as long as they continue to buy huge amount of BTC, I guess we will continue to see this kind of movements in the price for a longer time.

well, not everyone also needs bitcoin when they do need fiat. I was an example, had to sell bitcoin at 59k and now I see it cut down 63k without owning a single bitcoin. It doesn't make me sad, there are many ways to start getting new assets. It's not too late, man.

Why only thank the seller? Its a cycle so maybe best to say thank you to all contributor. Maybe you are laughing with those people who sell early right? best not to do that since  there are other who are scalping or doing some good trades in this current market condition. Also lets give a credit to big adoptors since they really change the market phase these year so lets hope more to come since we want to see more big companies to adopt bitcoin on their investments.

I sold on $12k last year, and I don't regret it since I immediately rebought on $9k then sold to $39k. You just have to know when to buy and when to sell to maximize your profits on bitcoin. Made some good fortune from doing just that these last few months and am still trying to check for prospective buy/sell points during these times. I'd still be tossing coins whenever I can and if my budget permits, as it already did good for me. I don't really blame those who are immediately selling, or shorting bitcoin since most of us really are just after the profits after all, and perhaps they just did a bad judgment call at the time.

Dam it mate, we all contributed to this progress and not only these short sellers imo, the gratitude should be to those who equally buy these coins from these sellers too. Well, the truth should be told, the market need patience when dips set in becasue speculators mostly contributed to some of these panic sellers in the past according to records. Bitcoin is now believe to be more of investment assets than just a just buy and sell asset.

Some holders do it based on time and not on the price, there was a tip about how to become rich with bitcoin, and it was 'Buy bitcoins and hold 5 years'... I think that's why people keep holding even if all of us already are on the profit side.

I don't think this is a wise move, but is how people hold, we don't know how up it will go, so, let the market surprise us.

Several companies and agencies have started to step in and make prices rise then FOMO continues until BTC is able to reach a new ATH at a price of $ 63k. some beginners also joined because of the huge potential of bitcoin. Those who buy at high prices believe that bitcoin will continue to rise. and those who sold bitcoin during ATH were those who had bought bitcoin at low prices before this ATH happened. The most important thing is the profit you get.

Bitcoin will not continue to rise, there will be some corrections that do have to occur. When a correction occurs, there will be more people who panic to sell bitcoin so that the price will drop more drastically. well this is a good chance to get in.

It is necessary to highlight that in 2018 when Bitcoin had its fall from $20k to $10k most investors believed that the price would reach $ 50k, when they saw the fall to less than $ 10k they began to sell due to the huge panic that was unleashed, the news can sometimes drive anyone crazy and more so when it comes to money.

Many people who entered to buy at $ 20k, the whales began to sell, it was in its Distribution stage and the end of the bullish trend stage, no one expected it to have been so fast, so the whales' strategy had changed (they took advantage bad news and panic at the time) those who bought at $ 20k and sold at less than $ 5k was a very bad move, I know there was, because the force of the "shorts" at the time was to snatch those Bitcoin that he had bought in  ATH.

Today those who did not sell are having very good profits, there are many responsible, but the lesson of this is that Bitcoin with the passage of time is valued much more and that its average accumulation stage is usually between 3-4 years, until now.

Personally, I think there is much more to raise the price, the uptrend has not started yet with 100% of the whales, I interpret these movements due to the high institutional investment in the market.

What about those who sold at the top today? Are you also going to thank them? :D

We never know what the top is until it gets confirmed by a long correction. If I were a trader I'd sell most of my coins today because of how overbought and nervous the market is. The chart still looks very bullish but it won't keep going up forever. When it falls there's going to be denial at first and then, like always, fearful dumping.

I'd also like to thank people who are responsible on this huge increase in Bitcoin price. Thanks to them, I continue to increase my profit right now.  ;D  It's not going to go like this forever of course but I hope things go on like this for a long time and we can be in more profit.

Buy bitcoin and hold 5 years can be their slogan and promote to other people. Maybe that is what people should know and they do not have to worry about the price because the price will be like that.

After the price moves high and breaks the new ATH, it can open people's eyes and see that they are already underestimated bitcoin power, and they do not jump into bitcoin from a few years ago while the price is still low. And now, they realize that to buying bitcoin, they need to spend more money. But that still worth doing as bitcoin price will still rise in the future.

Of course, it's part of the ecosystem. Someone should go short, someone should go long.

It's like, triggering a thing to make room for another thing.

Whatever it is, just feel the current trend and do your best to keep up with it. :)

Don't blame those who short Bitcoin or any other cryptos. At some point we must find it necessary to sell. That's the basic principle of trading — buying and selling. Even you, OP, at some point you must come down from your high horse and sell. Without selling, there won't be liquidity in the market. That was how the history of the 10,000btc for pizza record was made too. Buyers and sellers both add to the progress of any project. If everyone decides to hodl to infinity, Bitcoin won't get to where it's today.

I am grateful not only to institutions that have purchased large amounts of Bitcoin, but to Elon Musk, I believe his contribution is big enough
to trigger the price of Bitcoin to be as high as it is now. And many members of this forum are benefited by the rise in the price of Bitcoin.
Actually Bitcoin cannot go up as it is now if we all don't contribute, even though we only make a small contribution but it is very useful for Bitcoin.
Hopefully this year Bitcoin can reach the $ 100k target that many Bitcoin holders are hoping for.

I don't think the ones short are the ones which are leading to these new ATHs. I think the majority of people stopped shorting BTC when it broke $20K. Sure the OI is very high however I am pretty sure its people who are capturing the premium with a cash and carry.

They buy it on spot and sell it on the futures. There is a crazy 25% premium for the Dec 2021 futures. This is pretty much a risk free trade and there are billions of dollars involved in doing a cash and carry.

The reason we got ATH is more fundamental rather than short squeeze.

I agree here,,, the short squeeze actually has not really started yet,,, only just begun;)

Just looking at the technical analysis of the past few months, which many said was going to be looking like BTC had done with its journey upwards, ignored the technical analysis of the past few years. Stock to flow model also proves it, the price appreciation is just a lot more to do with long term supply-demand fundamentals:)

Behold.. As the new ATH reached the market. Those who thought it will now go dump and do massive corrections and have an entry of short, those who have wrong timing of entry, makes us to become a strong long term holder. We've seen this before and if it wasnt that needed to sell it, keep holding it.
 
 And yeah right, those panic sellers contributed a lot. But we cant really say that it will lasts long. Of course the bull is strong right now but time will come bears will also fight for their position.

You just bring a different perspective but always there are some traders who will be buying and selling at each and every price levels because of their technical and fundamental analysis. Even people who are following same kind of strategies, due to different time frame they are following they will get into/exit from at different price levels regardless of they are using same strategies.

So, I believe we do not need to thank anyone because everyone is doing their job for their own benefits and not because of moving the market further.

We can call a healthy market where buy and sell would really be that present and this had been the main concept since from the beginning and on the thing you had
mentioned about hodlers then they are long existing and there would be always sellers and there would be always someone who would be looking for cheap coins
and there would be someone who would just simply observe nor doesnt really care and just simply hodl on what they do have.
When it comes to ATH then bitcoin never fails to impress the community.

I think that everyone involved in the market contributed to the ATH of bitcoin, I meam the hodlers should be a big part of that because they are the ones that are whittling down the supply and making the prices go higher because they create a sense of scarcity, we also have to mention the lost coins as they are a big contributor too.

I think covid19 can be another contributor to all these ATHs. Without covid19 would the stock market be where it is now?

Basically the money printing is one thing. However people started to trade out of boredom and tons of retail money flooded the markets. When it looked like the stock market was getting toppy, Retail traders went into bitcoin.

This is why you got so many meme about Dogecoin and people buying it like crazy. Most likely because there are tons of retail people who are being all of this. They got stimulus checks and are buying crypto with it because they are stuck at home and out of boredom.

Covid 19, the economic recession, the rapidly increasing inflation, the demand for online payments is the power of bitcoin and cryptocurrencies.  Even, a big difference that creates a great traction to root the bitcoin "bubble" is that institutional investors, not just financial companies, single investment agents like 2017. Some  billionaires like Elon, Strategy are having a vision of a new world.  Trust is motivated again.  the result could not be more amazing - trillions of assets. The next ATH will continue to move forward!

That's sarcastic mate, don't expect these sellers to hold their coins till infinity, what about those who fell into problems and they need to solve they problems? won't they sell part of their holding?, believe me that the system wont help anyone without they use what they have in their hands. If there is a problem and these coins has the solution then they should be sold out for help. We all provide liquidity in different ways in this market.

This global event such as Covid-19 has made many mentalities change, it was presumed that for the years 2020-2021 the world economy would suffer another crash, similar to 2008, the pandemic has changed the entire economic approach, many gold investors had Strong gains in 2020, while Bitcoin suffered the ravages of the covid-19 panic, although the market quickly recovered, 2021 is making a difference from the history of Bitcoin, new ATH, this April is presumed to be explosive, according to Pantera believes that by 2022 it will be $200K and for this month of August it will be $115k.

For Pantera, he believes that those responsible for this ATH and those who will come is from the immense incoming institutional investment, particularly I also think the same.


Source: https://blockworks.co/pantera-stays-bullish-on-bitcoin/ (https://blockworks.co/pantera-stays-bullish-on-bitcoin/)

Yeah OP's concern must be an unique one but if there were no sellers in-between price levels then we might have tested some big levels by this time; I am seeing those shorters as a hurdles in the passage of price movements. I agree they are the liquidate providers but without them also we might have reached where we have bitcoin today but most people might have not got chances to buy bitcoins cheaper than they entered in-between price levels.

Probably people who entered (like microstrategy who started buying bitcoins after 10k price levels) lately still got enough volume they wanted, might need to thank those liquidate providers as per OP's view.

In fact, I, even more, believe with the many agencies that have dropped a lot just to acquire bitcoin will continue to reach ATH throughout this year, and there is so much positive news around the world about bitcoin that more and more communities will come to buy bitcoin as a significant advantage and here we can tell which one is more attractive because the fast movement makes a bigger profit because that is the hope of every trader or investor.

Regarding the correction that is happening, it will not be so deep panic that people will be so relaxed and ready to enter when the correction, after I have observed before, there has never been a drastic decline, precisely with the correction of bitcoin it can bounce again.

The institutional investment in bitcoin had been massive since last year, both for renown investors and private investors with the aim of holding it longer than retail investors had done in the past. The effect of the accumulation took a while before it affected the price. If they have to break the previous all time high I believe it will be very smart to have started early like we saw however, the bear market was not that short, over 2 years      

Indeed. Not only those who sell their Bitcoin, but the buyers also have a big role. Both of them have a big contribution to support the Bitcoin ATH. I also one of them who sell Bitcoin, but only a few of all the Bitcoin I have. So, just thanks to me, guys!  :D

The long-term holders have a big contribution as well. If all long-term holders sell their Bitcoin, I think the rice of Bitcoin probably suddenly drops in the market because of the increase of the supply. Well, all the parties basically contribute to support the Bitcoin ATH.

If it's not for the people who hold bitcoin, there won't be any market on it. But those facts that you've said about lost bitcoins forever which makes the supply lesser will contribute in the long run.

Thanks to you and to everyone who has been holding and selling, we're all contributing to the economy of bitcoin and to those who are also paying high fees.  

Sellers aren't helping but they made the transaction more active everytime btc market changes every minute. Short time sellers took their profit through cost averaging, and not an entire dump in order to sustain with continuous rising trend.
Let's give all of us a warm welcome of success, because without patience we won't attain what we are experiencing today. So take a deep breath, we're going to a brighter journey of btc ATH soon.

I am a bitcoin maximalist, and I believe bitcoin will be over 500k one day, and even I do not plan on holding my coins forever. There are two options for me (well third one is failing but that is not really an option is it, that's forced result) either my bitcoins will worth so much that one day I will be capable of finally retiring and being very comfortable in my life, without worrying about money and just focusing on living a great life, or there will be bitcoin used all around the world, like without need of fiat, so I will just use my bitcoins instead of ever using fiat again.

In both cases I will have lesser bitcoins, and they are pretty good reason to use your coins. What is the alternative, keep all of your bitcoin until you die and then tell your kids to hold them until they die so forth forever? That makes no sense at all, if you are not using it, it worths zero.

You are right, what happens is that I took it into account because in 2014 to 2017 there was an accumulation stage, I think that since 2018 the other accumulation stage began, it is sometimes difficult to determine, according to an article they speak about this now, for now thank you there is much more expectation for Coinbase on Wall Street:


Source: https://cointelegraph.com/news/bitcoin-dips-under-60-000-what-s-pulling-down-btc-price (https://cointelegraph.com/news/bitcoin-dips-under-60-000-what-s-pulling-down-btc-price)

It could be said that the Bitcoin market is giving great changes due to the entry of all those institutional investors, this gives more solidity to the market.

I don't think so. No one is enforcing you to hold bitcoin forever but people are always emphasizing to use bitcoin instead of encashing it. Because, one day we will be able to buy everything for bitcoins and the right now I guess that I'm able to buy more than 50% of my life's need for bitcoins even I'm not from tier1 countries.

I guess there will be no sin if you get to inherit some portion of the bitcoin stash to your next generations. Because, definitely you will be doing that with fiats and properties then why not with bitcoins. It means you do not need to spend all your bitcoins within your lifetime.

I guess all long-term holders must be planning for saving bitcoin for their grandchildren as well. Because it is already proven that bitcoin is getting more value over the time hence instead of spending all the bitcoins right away, it would be a better idea if we save any little amount of bitcoin now that would become more valuable in future.

I do see it is just a personal preferences. Definitely varies across individuals. And moreover not in all cultures, parents are saving for their children; they just inherit only knowledge and values.

Our advantage as Buyers/Holders is when those people shows their Weak hands and sells off while the market is in some kind of reddish .
and also i love to see them doing this because it is advantageous in my part to buy more before the Pump comes.
Lost coins ? what do Holders have to do with it?

There could be really weak hands but for the others who have sold, we'll never know if they've done that on purpose and there's an emergency that they have to spend the fiat that they've needed upon selling.

That's always the case. When many have been selling, there's always the buyers that have been waiting for that moment. Take it before the institutions take more what's on sale.

Everyone who hold bitcoin will eventually sell their bitcoin as long as the target price that they want has been reached. They need to take profit from their investing plan, I don't know what will they do if they keep hold their bitcoin and make another high target maybe they will be regret at the end.

Greatfully, bitcoin is getting accepted by most people day by day so as we don't need to worry anymore for bitcoin price meet a huge crash like 2018 ago. Although, there will be a chance for price movement meet a correction but I don't think it will be like 2018 ago. There will be many people who will choose long term holder since the strategy is still promising to them.

People in my country are not allowed to use bitcoin no matter the purpose is. And even if bitcoin is legalized, i guess holding is the main target of most people. Selling bitcoin or using bitcoin for daily needs are considered insane because you might be in a depth of regret. As usual, the price of bitcoin always increase over years. Threads and discussion are made to express how awful they feel when they use their bitcoin to buy nonsense things (including pizza)

Thus, I accumulate my bitcoin for myself as well as my next generation

Wish that they really spent their coins for emergency purpose and not just for their Weak personality and hands.

and also good to know if they tend to sell those coins just to Buy again when the value falls down badly to add in their folio.

But the sad part is after selling the value continues to climb up and ended up as they aer frustrating to buy again.

In my perspective only long-term holders are having big role in building new ATHs; buyers and sellers are having their own reasons to do so but whenever there will be less number of sell orders then we will have huge rally which will end up in setting up new ATH. So, the role of long-term holders must be vital. If we need to thank shorters are providing liquidity then we must treat in the same way for longers as well.

I'm seeing a change in trend on people's mindset like where they prefer to spend their bitcoins; some people were commenting like they are even afraid to buy Tesla car for one bitcoin because that might lead to be regretting how that pizza buyer might be doing right now. I welcome this change.

That's what we are pointing out about those people who have sold, we're saying that they're probably weak hands but behind it, we'll never know if those are the times that they have no choice but to sell because they really need it.

It could be the sad part but you'll just look at the price when you've sold, there's no looking back on it unless you want to buy back and you're determined doing it.

There is a good amount of miners who are making money right now. The "base" income for all miners is daily 50 million dollars, if they keep selling 50 million dollars per day every day, that will drop the price for sure, if they keep some of that it will not impact. Obviously the crypto world is much bigger than just 50 million dollars and we can recover that, but it is still a good chunk of money, put the transfer fee's on top of that and they might be making a huge amount of money per day.

This is why I think it is quite important to realize if they are selling right now or not, if you have 80+ million dollar sell pressure from miners, it is going to  take 80+ million dollars just to break even that day. Which is why I know that whales matter a lot, but miners matter even more as well if you ask me, what they do decides what the market will do.