If Price drops after ETF not approved, it's because people are Dumb

[btcmerich]

Market has recovered better than expected. The price is again heading back to 1200$ range.  Looks like more people are not going for panic selling yet.

Same here. better than expected.

Is it a good time to buy in more or wait a while? It is hard to decide...

hold on and see what happens after the weekend and take it from there

[Proficient]

People who only hold are not contributing to any rises in price.  While people who panic sell on a decision which will clearly only affect Bitcoin reguarly and that is annoying, I don't accept that holding Bitcoin will do anything.  If all you're doing is hoarding it you're not creating any much-needed demand.

[Wind_FURY]

Market has recovered better than expected. The price is again heading back to 1200$ range.  Looks like more people are not going for panic selling yet.

Yes. The only people who dumped are the speculators who made a gamble on the approval of the ETF and the amateur traders who panicked and dumped their coins. We have to thank them for letting some of us hit our buy orders.

[danherbias07]

Whales dont panic. They invested a lot of money and know the risk.
The real problem here is the small investors which combined could make a big dump. They must be pursued not to sell even if they are holding 1 bitcoin or 2. They must understand that it doesn't work like that and ETF wont even make so much difference. If not, we are doomed.

[JohnUser]

Whales dont panic. They invested a lot of money and know the risk.
The real problem here is the small investors which combined could make a big dump. They must be pursued not to sell even if they are holding 1 bitcoin or 2. They must understand that it doesn't work like that and ETF wont even make so much difference. If not, we are doomed.

why not selling when price was 1300$ and we knew it will go near 1000$  ? 2 btc become 2.5...

[Wind_FURY]

Whales dont panic. They invested a lot of money and know the risk.
The real problem here is the small investors which combined could make a big dump. They must be pursued not to sell even if they are holding 1 bitcoin or 2. They must understand that it doesn't work like that and ETF wont even make so much difference. If not, we are doomed.

Really? You think the small investors combined can result to a "big" dump? Look at the price now, all the small investors dumps have been eaten up by the market and hardly made a dent on the price. It is also the same small investors that helped get the price back to where it is now because they might have realized that selling is a mistake. It would have been better for them to do nothing but hold.

[Bitcoin0916]

Whales dont panic. They invested a lot of money and know the risk.
The real problem here is the small investors which combined could make a big dump. They must be pursued not to sell even if they are holding 1 bitcoin or 2. They must understand that it doesn't work like that and ETF wont even make so much difference. If not, we are doomed.

why nor selling when price was 1300$ and we knew it will go near 1000$  ? 2 btc become 2.5...

I'll buy 3 btc if the price of $1,000. I bet $1.000 will not happen in this March, they all look natural so it is difficult to think back down again to a price of $1,000. Now the price has reached $1.240 and trends from the morning I seen the prices always go up.

[Rastanan]

Whales dont panic. They invested a lot of money and know the risk.
The real problem here is the small investors which combined could make a big dump. They must be pursued not to sell even if they are holding 1 bitcoin or 2. They must understand that it doesn't work like that and ETF wont even make so much difference. If not, we are doomed.

why nor selling when price was 1300$ and we knew it will go near 1000$  ? 2 btc become 2.5...

I'll buy 3 btc if the price of $1,000. I bet $1.000 will not happen in this March, they all look natural so it is difficult to think back down again to a price of $1,000. Now the price has reached $1.240 and trends from the morning I seen the prices always go up.

That could be right. I think the $1100 is the new bottom. The price will rise again from $1230 now.

[Pursuer]

the good thing about bitcoin is that no matter how many dump people, as OP calls them, exist in the market there are always going to be more experienced people who will take advantage of these dumb people and make money from them.
and in the end these dump people either leave bitcoin trading/investment or gain enough experience to see past the bullshit manipulation and see the bigger picture and not fall for any of them again.

[Wind_FURY]

Whales dont panic. They invested a lot of money and know the risk.
The real problem here is the small investors which combined could make a big dump. They must be pursued not to sell even if they are holding 1 bitcoin or 2. They must understand that it doesn't work like that and ETF wont even make so much difference. If not, we are doomed.

why nor selling when price was 1300$ and we knew it will go near 1000$  ? 2 btc become 2.5...

I'll buy 3 btc if the price of $1,000. I bet $1.000 will not happen in this March, they all look natural so it is difficult to think back down again to a price of $1,000. Now the price has reached $1.240 and trends from the morning I seen the prices always go up.

This is what you should do. Instead of thinking of selling Bitcoin at $1300 and then buying back at $1000, why not find a source of income and then keep making buy orders at $1000 - $1100? You might think that your biy orders will not be hit, but it will sooner or later just like what we recently saw with the small dump.

The next dump will come when the PBOC decides to confiscate the Bitcoins of the Chinese exchanges.

[freedomno1]

The price shot up over a thousand months before most people even knew about the ETF. What makes you think it will make a difference?

If it's not approved, whales will dump and price will drop... but the panic sellers will send it further. Just HODL. $10k is not far away.

Kind of amused that it dumped on fear or fake drops and then just went back to the normal pattern.
Fear can only impact the market so much now I guess or the real storm on the horizon is the blocksize debate.

[Sniper44]

The price shot up over a thousand months before most people even knew about the ETF. What makes you think it will make a difference?

If it's not approved, whales will dump and price will drop... but the panic sellers will send it further. Just HODL. $10k is not far away.

Kind of amused that it dumped on fear or fake drops and then just went back to the normal pattern.
Fear can only impact the market so much now I guess or the real storm on the horizon is the blocksize debate.

the only good thing is that the number of bitcoin users who don't fall for the fear inducing dump and instead go for taking advantage of it, is growing as we move forward.
we all gain experience at some point and stop seeing it as fear and start accepting it as an opportunity to buy cheaper coins.

[Zadicar]

The price shot up over a thousand months before most people even knew about the ETF. What makes you think it will make a difference?

If it's not approved, whales will dump and price will drop... but the panic sellers will send it further. Just HODL. $10k is not far away.

Kind of amused that it dumped on fear or fake drops and then just went back to the normal pattern.
Fear can only impact the market so much now I guess or the real storm on the horizon is the blocksize debate.

the only good thing is that the number of bitcoin users who don't fall for the fear inducing dump and instead go for taking advantage of it, is growing as we move forward.
we all gain experience at some point and stop seeing it as fear and start accepting it as an opportunity to buy cheaper coins.

This means we do really learn as the days and years go by on bitcoin world specially on us wise holders of it and now we dont really much been affected on the etf rejection in fact we are waiting for the price to dip to buy more cheap coins and we saw the price eventually goes back up again and seems theres no event on etf at all.

[Teraboy]

Whales dont panic. They invested a lot of money and know the risk.
The real problem here is the small investors which combined could make a big dump. They must be pursued not to sell even if they are holding 1 bitcoin or 2. They must understand that it doesn't work like that and ETF wont even make so much difference. If not, we are doomed.

why nor selling when price was 1300$ and we knew it will go near 1000$  ? 2 btc become 2.5...

I'll buy 3 btc if the price of $1,000. I bet $1.000 will not happen in this March, they all look natural so it is difficult to think back down again to a price of $1,000. Now the price has reached $1.240 and trends from the morning I seen the prices always go up.

That could be right. I think the $1100 is the new bottom. The price will rise again from $1230 now.

I don't think if the price will increase again, but the block debate will give the another redcandle for the bitcoin itself. And a lot of the thread about bitcoin scaling and especially about the hardfork rumour for the bticoin .

[SaShiRaJaVu]

People who only hold are not contributing to any rises in price.  While people who panic sell on a decision which will clearly only affect Bitcoin reguarly and that is annoying, I don't accept that holding Bitcoin will do anything.  If all you're doing is hoarding it you're not creating any much-needed demand.

You have no idea what you are talking about kid,if you stall something that has a limited supply and more people are interested to buy that thing then automatically the price of that object increases and that is the basics of economics and how a person holding is not contributing to the price rise.Learn how the thing works and then voice your opinion.