Face up to reality: The game is over

[kasansa]

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.

I think that you are totally explaining what happens actually in the market.Usually big whales create panic among newbies by spreading FUD and make price drop.Also they sell some of their bitcoins to drop the price more.Then they start to buy cheap bitcoins and increase their holding.Since new investors enter all the time in to bitcoin market,big whales continue to use this phenomenon.

[The_Dark_Knight]

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.

If the whales were really dropping their coins then the price will be a lot lower, there is simply not enough money in the market to buy the whales out, the reason the price dips and then recovers is that the whales sell for an higher price then since the supply goes up this decreases the price and creates panic then the same whales use their cash to buy even more bitcoin, they can do this over and over again, and they do.

[JesusCryptos]

There is something true in what you say, but not as you think. Whales are clearly unloading BTCs right now, and  newbies are buying "the dip", but the game is not over, because the whales will then buy back their BTCs when they are much cheaper than now. I guess it is not the first time that they play this game. This is actually what has made them become bigger and bigger whales BTW...

[Tilbrook007]

I think you are correct in what you say!

[BitNaija]

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

I agree with you. The game is not over. Some have attributed this to price correction which I think is it. The functionality of P2P payment across the web enhanced by Bitcoin cannot be wished away just like that.

[PatronRH]

Not necessarily true frankly speaking, your point of view is very logical but cryptocurrency has always known severe drops but the price raised back again and increased in value so you can't really know what's happening but I ensure you its not the end.

[Yokonaumiyaki000]

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

Totally agree, though things might seem bad. Things will return back and prices would explode. Nothing to worry about.

[vinc3]

Very much not over, we are here to stay when whales are selling then more for those are buying the system will be more spread and then less dips will occur in the near future. We should lead these newbies to take care more of the system than scaring them away to sell their coins and let whales benefit more for their emotional imbalance due to these kinds of posts. Just saying, respected your view.

[vv181]

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.

Agree, Bitcoin price surges are tremendously high and fast. actually, its expected to the investor to take the profit. I think its too early if we judge Bitcoin is over just by looking at the market cycle.

[denzkilim]

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.

That's a normal phenomenon

Yeah just what he said it is normal bro, you should research more on what is happening and stop the spreading of FUD bro its not good. All this dip scenario had happened multiple times before and yet bitcoin is still strong and kickin.

[Ewox]

You do have a point because most of these newbies and hodlers are all waiting for the “dip” so they could hoard a couple of bitcoins because of being hopeful that someday or maybe within this year bitcoin would skyrocketing again just like what happened around November and December last year. But I do hope the game isn’t over yet though, a lot could loose their money over this dipping.

[freightjoe]

You do have a point because most of these newbies and hodlers are all waiting for the “dip” so they could hoard a couple of bitcoins because of being hopeful that someday or maybe within this year bitcoin would skyrocketing again just like what happened around November and December last year. But I do hope the game isn’t over yet though, a lot could loose their money over this dipping.

Unfortunately a lot will indeed lose their money over this. They were warned multiple times in recent months - but, hey, what can you do when people commit themselves to a cult and leave all sanity at he doorstep in the hope of getting rich quick with no work to put in. Ain't no such thing as a free lunch.

[seoincorporation]

The game is just beginning: lots of new people getting interested in BTC, new platforms where you can pay with btc, people earning money for their jobs just in cryptocurrencies… Well, man, the new world is just beginning, if you want to leave the ship, leave! But I'm sure it is just the beginning of a whole new concept of what “money” means…, decentralized fees, decentralized economy…

Whales are just a little part of the whole party. Just another guest. In between, the cryptocurrencies are defining how future is going to look.

[Slow death]

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

bad news coming from Korea scared people and the price is falling, and it should also be noted that the price has risen a lot because of the hard forks we had last year and the future. The hard forks have become a joke and they do not interest you anymore and the future ones do not create that expectation that they had then the price will fall until we have some more good news

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.

Do you want the price to drop to 0$? it is? because I and more people want the price to increase in the future and because of that we buy to make a profit and benefit from the technology

The game is over...

Do you have any bitcoin? if you do not want your bitcoin and do not believe the price of bitcoin will increase a lot in the future, then make a donation for me.

Face up to reality, the party is over.

No. there are many people who believe in the potential of bitcoin

License Approved: Japanese Bitcoin Exchange bitFlyer Expands to Europe

Six Major South Korean Banks to Support Cryptocurrency Exchanges, Price Surge Imminent?

[Kprawn]

Ok, If you say so. Please sell us your 0.5 BTC @ $2000 {if you have that many} so that we can go on doing what we are

doing and come December 2018, take huge profits. Every time during this year, we get this negativity and when the price

goes through the roof, like it did December.... people come back to the forum, complaining that they panicked and sold, when

the price took a dip. 

[WhaleHunter]

Every time the whales play their game and crash the price to re-buy cheaper, it seems that the game is over. Let's see if also this time Bitcoin will then rise to new heights after that game is complete.

[blinchain]

The game will never end, whales give up bitcoin Although the price of bitcoin will fluctuate, but it is impossible to make bitcoin dead, blockchain technology is a reform of innovation, will be useful worldwide, Bitcoin, as the first cryptocurrency in the blockchain, I believe, is not that easy to end.

[senin]

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.

Yes, but if the whales sold their bitcoins and the newcomers bought them, again increasing the price, how will the bitcoins again be in the whales? After all, they have already sold their bitcoins? Or do whales have a lot of bitcoins and each time they sell their bitcoins in parts? I do not see any sense in this logic.

[Edrian]

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.

If that's the case then its time to shift on another altcoin. But still, my faith at bitcoin is still there, I would say it's not over until its really over, I lost investments because I put a huge amount of my money when bitcoin is soaring high and now that it was deflated hugely, I can't take my remaining bitcoins. I don't care if bitcoin drops to zero. because, first of all before I invested in bitcoin, I know that if I put my money on this kind of investment it's risky it has 50/50 chance to gain or lose, then so be it.

Another thing, not only bitcoin drops this year it happens also to the stock market, Another reason for the bitcoin dropping its value is because of South Korea regulating bitcoin, but lots of lots of Korean people signing a petition to stop the regulation of bitcoin.

[The_Dark_Knight]

You do have a point because most of these newbies and hodlers are all waiting for the “dip” so they could hoard a couple of bitcoins because of being hopeful that someday or maybe within this year bitcoin would skyrocketing again just like what happened around November and December last year. But I do hope the game isn’t over yet though, a lot could loose their money over this dipping.

Unfortunately a lot will indeed lose their money over this. They were warned multiple times in recent months - but, hey, what can you do when people commit themselves to a cult and leave all sanity at he doorstep in the hope of getting rich quick with no work to put in. Ain't no such thing as a free lunch.

If you are so against bitcoin and you think it is over, can we ask what are you doing wasting your precious time in a bitcoin forum? I suppose there are many other things that you could be doing that could bring better benefits, maybe not financial benefits, but anything else that could bring you joy instead of dealing with people like us that believe in bitcoin.