The whales are cashing out

[coinycoiny]

This time it's different in comparison to what? of course it's different because it's brand new.

It's not a financial bubble because it's not financial. It's technological. It's like comparing the travel logs of steam ships from London to New York vs the same trip done on Concorde. There is no comparison.

The markets will have to reinvent themselves over and over again for the next few years because we still don't even know what Cryprocurrency is yet. So there is absolutely no validity in any comparison or prediction you or anyone else makes.

Stick to the facts. Crypto is the future, Bitcoin is crypto gold and there will only ever be 21 million of them. The rest, right now, is irrelevant.

That's quite a good comparison, concorde was a white elephant that never made a profit.

it is def a bubble, people are paying stupid money for something that doesn't work, and only because they think they can sell it on for more tomorrow. Well hate to tell you, the bubble will burst at some point. Maybe it might even have started.

[otrkid70]

Watching Bitrex and the market. BTC went from $15,800-$15,200 in a matter of a few minutes. The selling in unreal. looks like the whales are definitely cashing out.


Broke $14k 

[kidoseagle0312]

The best time to sell cryptocoins is when the buyers are the most crowded. So whales can sell big parts of portfolios to the others. This is the right detection. Best strategy is; Gain less but do not lose  

I agreed with you, that's the simplest things to find out to do the right timing of selling our token in the platform. Because its hard to sell our coins if there is no buyers are a getting interest to buy in the coins that we are selling it. 

[Reid]

No. Your post is all about conversion only. Not really about bitcoin.

Look, there could be some reason behind this.
If only those small transaction could be erased from the blockchain so that it will be fast again then I guess this wont be needed to happen.
But miners are getting a lot of spam tx now which couldve been just in one pool.
I got one that is stucked also for two days now. I dont blame anyone for it. This is our own fault or the others who wont use it for the right price.

[samuraijin]

I do not think with their scenario of the price they do, because in my opinion it's better if the pope will cash because they will twist back with it then anyone will be able to buy with a certain value

[Oulay]

You are literally commenting on the content of the link without even reading what the content is? The link - as would be evident - is to a book on Amazon. As you will see because it deals with 800 years is not specific on Bitcoin. It is hard-core analysis showing exactly why it is never different - and never has been. I can see why you have a tough time understanding new items when you approach to anything not fitting your preconceived notions is simply dismissed based on what you guess the content is, not what the actual content is.

I won't be reading the whole fuckin book just because you put its link in a post! I just read what is in the page you put its link and its enough to know what the book is about..

You clearly are lying now.

Your initial comment to the link was :

Everything the link says is that bitcoin will crash someday

There is nothing in that page even close to what you are saying here.

There is no point in discussing this point with you when you are simply flat out lying.

But this is also typical of people who are afraid to admit that they are wrong - then they would much rather tell obvious lies than admit they are wrong.

It seems that you don't understand what your link is all about. It doesn't have to explicitly say "bitcoin" to be explained the way I explained it..
And by the way you still didn't answer my question so I'm done arguing with you...

[A.Delaney]

Honestly I hope all the whales cash out and the price corrects. Then bitcoin can be put back into the hands of the people that care about it and the price will slowly recover as it should over time.

[GwSoJ]

This time it's different in comparison to what? of course it's different because it's brand new.

It's not a financial bubble because it's not financial. It's technological. It's like comparing the travel logs of steam ships from London to New York vs the same trip done on Concorde. There is no comparison.

The markets will have to reinvent themselves over and over again for the next few years because we still don't even know what Cryprocurrency is yet. So there is absolutely no validity in any comparison or prediction you or anyone else makes.

Stick to the facts. Crypto is the future, Bitcoin is crypto gold and there will only ever be 21 million of them. The rest, right now, is irrelevant.

That's quite a good comparison, concorde was a white elephant that never made a profit.

it is def a bubble, people are paying stupid money for something that doesn't work, and only because they think they can sell it on for more tomorrow. Well hate to tell you, the bubble will burst at some point. Maybe it might even have started.

You missed the point entirely. Concorde was a technical marvel v the steam ship.

It's not a bubble because Bitcoin has intrinsic worth due to the fact it has a finite amount. It's not just scarce like gold, you may always find more gold, it's finite.

Can't be a bubble and people who keep calling it a bubble just don't understand what a bubble is.

[freightjoe]

You are literally commenting on the content of the link without even reading what the content is? The link - as would be evident - is to a book on Amazon. As you will see because it deals with 800 years is not specific on Bitcoin. It is hard-core analysis showing exactly why it is never different - and never has been. I can see why you have a tough time understanding new items when you approach to anything not fitting your preconceived notions is simply dismissed based on what you guess the content is, not what the actual content is.

I won't be reading the whole fuckin book just because you put its link in a post! I just read what is in the page you put its link and its enough to know what the book is about..

You clearly are lying now.

Your initial comment to the link was :

Everything the link says is that bitcoin will crash someday

There is nothing in that page even close to what you are saying here.

There is no point in discussing this point with you when you are simply flat out lying.

But this is also typical of people who are afraid to admit that they are wrong - then they would much rather tell obvious lies than admit they are wrong.

It seems that you don't understand what your link is all about. It doesn't have to explicitly say "bitcoin" to be explained the way I explained it..
And by the way you still didn't answer my question so I'm done arguing with you...

Jeez... you still haven't read it. I have read the whole bloody book....

[coinycoiny]

It's not a bubble because Bitcoin has intrinsic worth due to the fact it has a finite amount. It's not just scarce like gold, you may always find more gold, it's finite.

Can't be a bubble and people who keep calling it a bubble just don't understand what a bubble is.

So the last time it went to $1000+ and then down to under $200 wasn't a bubble then?

Get real.

[KwizatzHaderach]

Whales will be cashing out and the weak hands will follow suit. It will be a bloodbath. Once the chaos caused by the whales are over.
They will buyback at a lower price, pumping the prices again. Pump and dump imho is real.

[ZainSpider]

Just hodl guyz, you will regret if you don't hodl.

[fulmetal08larz]

Of course they are cashing out, it's probably because they have earned enough profit, most small time investors might also be cashing out because they need the money for their expenses this coming holiday. It does not mean that Bitcoin will be dead and gone because there will be more investors coming in and grabbing the opportunity to buy at a discounted price. More posts like this will keep coming in every time bitcoin's price goes down, which I find as an opportunity to accumulate more btc for long term.

[cl37007]

It's not necessarily a bad thing, if the whales are selling then the distribution of Bitcoin gets to a wider audience. The more spread the amount of Bitcoin is the better, I would be very surprised if the whales were holding onto some still

[Shaibana]

You posted a non developed idea, like many people said, you can choose what fee to pay and a foreseeable move like this would not be able to collapse the market

[tdrinker]

The extreme escalation in transaction times is there to ensure the whales can cash out but that smaller investors cannot.

Whales can make large transactions, the fees do not mean as much to them.

At the same time the small investors cannot cash out because their investment is quite small compared to the fees.

The result is the following:

- Whales are cashing out, converting to fiat
- Newbies are buying from the whales in the hope of continues increases
- Existing smaller investors do not want to sell now (despite possible large profits) because of the high fees is you only have a small investment (Today another bitcoiner on this forum has to pay a 20$ fee for a 50$ transaction).

When the whales have completed the sell-off, smaller bitcoin investors can finally begin to sell and that will be the trigger for a complete collapse in the price.

What evidence do you have that the whales are cashing out? If many real whales were cashing out then the hurt bitcoin would feel would be much greater, maybe some people holding decent holdings, 50-100 BTC might be cashing out but the true whales I don't think so.

[freightjoe]

The extreme escalation in transaction times is there to ensure the whales can cash out but that smaller investors cannot.

Whales can make large transactions, the fees do not mean as much to them.

At the same time the small investors cannot cash out because their investment is quite small compared to the fees.

The result is the following:

- Whales are cashing out, converting to fiat
- Newbies are buying from the whales in the hope of continues increases
- Existing smaller investors do not want to sell now (despite possible large profits) because of the high fees is you only have a small investment (Today another bitcoiner on this forum has to pay a 20$ fee for a 50$ transaction).

When the whales have completed the sell-off, smaller bitcoin investors can finally begin to sell and that will be the trigger for a complete collapse in the price.

What evidence do you have that the whales are cashing out? If many real whales were cashing out then the hurt bitcoin would feel would be much greater, maybe some people holding decent holdings, 50-100 BTC might be cashing out but the true whales I don't think so.

The whales know how to do this. They don't just put up 50.000BTC for sale in one big dump. They do it small pieces at a time, keeping the price artificially propped up as long as they can.

[Boseda]

Every post of you is about spreading FUD about Bitcoin and its community. What's your goal?

[Dudeperfect]

Exactly, this is a usual scene that we see even during the rallies of the stock market. Things work well for the expert traders but at the same time, mostly newbies suffer from those rallies because whales usually buy during the correction and cash out when things are in the air whereas new traders get in when the price is high (expecting further growth) but then price falls according to the increase in the market supply (whale's cash out) and hence panic trading doesn't work and victims are newbies in most of the cases.

[kaysersoze]

Not only the whales, everybody is trying to cashout right now.
The only ones who are not cashing out are those who does not even have enough money to pay fees (40 dollars for a single transaction is a lot) so those who have $20 or $50 are not going to be able to cashout.