Face up to reality: The game is over

[freightjoe]

The development since late December shows very clearly what is happening.

The whales - and anyone else with half a financial brain - are slowly selling all their bitcoin. As they sell, prices begin to drop sharply. They then hold back on the selling and newbies and "HODL'ers" are foolish enough to "buy the dip". This sends the price back up.

It then repeats with rates dropping again, until the newbies and "HODL'ers" buy the dip once more.

Except on every round the dip gets deeper and deeper.

The game is over, and anyone so stupendously stupid to keep buying from the whales who are unloading are basically just throwing their money away.

Face up to reality, the party is over.

[daniweb]

I have experienced four big drops since I am into cryptocurrency. After every drop the price raised a lot and it went higher that it was before. I don't think the game is over now

[hyet24]

The development since late December shows very clearly what is happening.

The whales - and anyone else with half a financial brain - are slowly selling all their bitcoin. As they sell, prices begin to drop sharply. They then hold back on the selling and newbies and "HODL'ers" are foolish enough to "buy the dip". This sends the price back up.

It then repeats with rates dropping again, until the newbies and "HODL'ers" buy the dip once more.

Except on every round the dip gets deeper and deeper.

The game is over, and anyone so stupendously stupid to keep buying from the whales who are unloading are basically just throwing their money away.

Face up to reality, the party is over.

You realize only time whales win is people selling to them.  If Hodlers start to outnumber the whales its going to hurt the whales.

Everytime the dip happens the hodlers control increase.

[freightjoe]

The development since late December shows very clearly what is happening.

The whales - and anyone else with half a financial brain - are slowly selling all their bitcoin. As they sell, prices begin to drop sharply. They then hold back on the selling and newbies and "HODL'ers" are foolish enough to "buy the dip". This sends the price back up.

It then repeats with rates dropping again, until the newbies and "HODL'ers" buy the dip once more.

Except on every round the dip gets deeper and deeper.

The game is over, and anyone so stupendously stupid to keep buying from the whales who are unloading are basically just throwing their money away.

Face up to reality, the party is over.

You realize only time whales win is people selling to them.  If Hodlers start to outnumber the whales its going to hurt the whales.

Everytime the dip happens the hodlers control increase.

That literally makes no sense at all

[fabioganga]

I have experienced four big drops since I am into cryptocurrency. After every drop the price raised a lot and it went higher that it was before. I don't think the game is over now

Well said, my friend. The game is definitely not over at all. I, like you, have seen a lot of occasions where the price of Bitcoin had a drop and it has recovered very well. It is no different now. BTC is in good health, that's for sure.

[hyet24]

Your missing the point.  lol  Even reply above me notice.   They will lose the control when more people buy into the dip.   Less bitcoins for them.

[oih55982]

If everyone thinks like you, the crypto market does not exist now. Past events have happened in the past. k there is nothing strange

[Bytem3]

Sell your bags of Bitcoins and altcoins. I'll be happy to buy them at a discount If you don't see the true potential of blockchain technology it's your loss, there are soo many problems outside of financial transactions that blockchain can solve.

[trecore4]

I don't think that is reality. If there would have been anything like this then we would have know that already and price could have been around @2-5K USD by now. Just look at the history, we have seen big dips like this in the world before and there had been worst news than the current one. Still bitcoin held its position all the time.

I have experienced four big drops since I am into cryptocurrency. After every drop the price raised a lot and it went higher that it was before. I don't think the game is over now

Yes this is true with bitcoin. Moreover this year if bitcoin is going down then I'm sure that ETH and alts like LTC, XRP will come up for sure. If everything is just matter of the development then we have all the alternatives available and speaking about the whales they will never let their investment go down like that. Im pretty sure you are in the wrong story board and bright things yet have to come. :-)

[hyet24]

It's all about numbers.   You can't think it's easier for whale.    Whales' strategy only works short term.

[guy369]

Blockchain is disruptive tech, it has yet to be adopted on a global scale yet

Much room to grow, I don't care about the day to day game of investors/traders

[Yokonaumiyaki000]

The game is still not over. Btc is just fluctuating a little bit. Just give it some time and it will rise up again just like any ither

[Red-Apple]

You realize only time whales win is people selling to them.  If Hodlers start to outnumber the whales its going to hurt the whales.

Everytime the dip happens the hodlers control increase.

true, and while whales are making profit from people like OP, he is trying so hard to troll on bitcointalk and maybe scare some newbies into selling late and lose money so he can gain some psychological satisfaction from that

[joebrook]

You realize only time whales win is people selling to them.  If Hodlers start to outnumber the whales its going to hurt the whales.

Everytime the dip happens the hodlers control increase.

true, and while whales are making profit from people like OP, he is trying so hard to troll on bitcointalk and maybe scare some newbies into selling late and lose money so he can gain some psychological satisfaction from that

I am going to concede that the game is definitely over when i see bitcoin value being less that of of Bitcoin Cash and ETH. For an investment that went from $1000 to $10,000 within a year, i think it's way too early to say that it has met it demise whiles other coins are nowhere near it's current value.

[Lordas]

Sell, sell, I need it lower - higher profit margin.

[iwishicouldfly]

Extreme people on both sides of the fence.  Personally I do think we've pretty much seen the end of explosive bitcoin price growth.  I think like many others it's going to fall more (perhaps even to 6k).  There's no way it's the end though.  I suspect it'll recover... over a long period of time when people start to get impatient and sell their coins.  There's not a lot of profit in the current market IMO, not in bitcoin anyway.  I just wish everything was decoupled, I can't stand all coins being tied to the price of BTC.

So yeah people who say "It's the end!  Bitcoin is going to 0" are ridiculous and on the other hand people who say "Bitcoin is going to 100k!" are equally as ridiculous - people like to buy things with FIAT, there will be a lot of people wanting to sell long before then.  I already took 90% of my holdings back into my bank account including some nice profits that'll equate to a couple years worth of mortgage payments and I don't regret it.  I might buy back in when I'm convinced this isn't a bulltrap.

[A1exander]

I do not think this is the end. Whales may sell, but they also want to buy back and pump the price again - if not the same whales, then the others. I'm almost sure that there will be another cycle.

[RodneyKings]

I'm considering this thread as a FUD. Don't scare those us newbies in investing to crypto please as we have higher faith than you that this dip shall pass. I've only started crypto last year but I think I've seen enough issues that brought BTC down but it eventually rises up in the end.

[Slava79]

There is a correlation between a cryptocurrency price and the number of it's users. When whales are selling, prices are going down, temporarily, but the number of users is increasing (because they buy a lot of small pieces) and in the long run it will lead to high price again. Imho.

[Typex]

Why would the whales slowly ruin their cash cow?