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Even in the event that an attacker gains more than 50% of the network's
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reversed or double-spent. The network would not be destroyed.
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1Referee
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June 09, 2018, 12:40:40 PM Merited by richardsNY (1) |
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Bitcoin Core ‘Hodlers’ How can I hodl developers? Chainalysis economist Philip Gradwell noted, “This was an exceptional transfer of wealth.” He was speaking about the near half year flash in bitcoin core longer term investors dumping considerable amounts of their holdings. These long term investors have made the smartest decision of their lives to short Bitcoin when the time was ripe, and they are now holding MORE Bitcoin than ever before due to the correction that followed afterwards. Only the foolish would not act and wake up their sleeping coins to benefit from what can be seen as one of the best opportunities in modern times. 'Core' hodlers hodl more 'Core' than ever before.  |
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ranman09
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June 09, 2018, 01:51:15 PM |
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These long term investors have made the smartest decision of their lives to short Bitcoin when the time was ripe, and they are now holding MORE Bitcoin than ever before due to the correction that followed afterwards. Only the foolish would not act and wake up their sleeping coins to benefit from what can be seen as one of the best opportunities in modern times. 'Core' hodlers hodl more 'Core' than ever before. Whales power. I hope they release it in the near future as they reach their target and let bitcoin for the masses. We will need those supplies. |
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TraderTimm
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June 09, 2018, 03:44:37 PM |
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Oh look, another Lyin' Ver and the Cashies news story on his camped bitcoin dot com domain.
Why do you post this bullshit?
Seriously - Bitcoin enthusiasts don't give two shits what Roger Ver has to say anymore, he's proven to be a bad actor in the space, and his continued tantrums about "real" Bitcoin are becoming embarrassing even to his former supporters, like Erik Voorhees.
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fortitudinem multis - catenum regit omnia
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richardsNY
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Activity: 1232
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June 09, 2018, 04:38:37 PM |
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Whales power. I hope they release it in the near future as they reach their target and let bitcoin for the masses. We will need those supplies.
They will not. Bitcoin isn't any different from how the wealthy elite is accumulating all the fiat in circulation. I expect the wealth distribution of Bitcoin to become worse with every correction we will go through. I wouldn't even be surprised if last year's pump was one driven by institutions to make up for how late they entered the crypto market. The only thing you can do is firmly hold every satoshi that you have (the easiest way), or just as 1referee said, short and buy back on the right moment to end up with more coins. There aren't really that many situations where you can almost be sure of a correction, which pretty much explains why people went for it. |
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buwaytress
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Join the world-leading crypto sportsbook NOW!
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June 09, 2018, 05:22:53 PM |
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That's not exactly the right assumption to make. If these are guys who held since 2010, or even 2015, they still count as long term holders. What's $30 billion in December 2017 and January 2018 was only $300 million if you take a growth from $100 to $10,000. Just so many variables to look at. Take into account so-called Mt Gox trustee selloffs, court legitimised, take away all the Jamie Dimon et al sells who bought in when they caused temporary slips in mid-2017, and we're left with what? Not much.
Holders didn't dump. Those who did, got out at what they set as hold targets.
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Koadharber
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June 09, 2018, 05:58:08 PM |
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Oh look, another Lyin' Ver and the Cashies news story on his camped bitcoin dot com domain.
Why do you post this bullshit?
Seriously - Bitcoin enthusiasts don't give two shits what Roger Ver has to say anymore, he's proven to be a bad actor in the space, and his continued tantrums about "real" Bitcoin are becoming embarrassing even to his former supporters, like Erik Voorhees.
Any news posted out on that forum do really pisses me of and i dont even trust anymore or dont bother to read it up specially when it was just having the sole purpose on attacking or saying out things towards bitcoins negatively. I dont consider that all who dumped into those times (December) are bitcoin holders and said above there are lots of things or factors that should took into consideration to contribute such sell off. |
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jjacob
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★Nitrogensports.eu★
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June 09, 2018, 08:22:00 PM |
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Analysis based on age of bitcoins in wallets is always going to be fraught with the danger of miscalculations. In the last year, there are many reasons why people may have moved coins - due to the introduction of segwit or to sell coins from the many forks. Even if some of the hodlers sold, it may not be because they are no longer bullish in the long term. It could be because they believed the 2017 frenzy was unjustified. |
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vit05
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June 09, 2018, 08:42:42 PM |
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Pay close attention to this article. Read it calmly. You can contemplate what many treat as a conspiracy theory. A clear attempt at a media, bitcoin.COM, trying to build a narrative using some true facts, but with a completely out of the reality conclusion. The fact is: Some whales moved BTC when the market hit its peak of liquidity. That is, they could negotiate the sale for a high price without ending the market. And maybe it has something to do with the new KYC rules of most exchanges, tax payments, and so on. But the conclusion from them, though subtle, in an attempt to manipulate the idea about what BTC is: BTC cannot be a store of value because some people have sold a large number of coins. It is not Digital Gold. With that, according to Bitcoin.COM, Bitcoin would be just a coin. And the representative would be the BCash, not the current Bitcoin. You can read more about media manipulation here: http://www.academia.edu/24651906/Noam_Chomsky_-_10_strategies_of_manipulation_by_the_mediaAnd watch a documentary here: https://www.youtube.com/watch?v=AnrBQEAM3rE |
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BitHodler
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June 09, 2018, 10:01:41 PM |
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Firstly, it's important to note that ANY coin experienced the same as Bitcoin during that time. BCrash is hit just as hard as Bitcoin was hit, but Roger Ver obviously doesn't want that to be written in the article.
What do people who see the price has totally broken every law of common sense? Right, they sell. Old hands in ANY coin transferred coins to new hands. It makes markets stronger.
It translates into new people holding coins with higher entry points, and that development is very important. It strengthens the market and allows bottoms to be respected in case we fall down a bit.
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BSV is not the real Bcash. Bcash is the real Bcash.
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figmentofmyass
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Activity: 1652
Merit: 1483
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June 09, 2018, 10:33:27 PM |
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These long term investors have made the smartest decision of their lives to short Bitcoin when the time was ripe, and they are now holding MORE Bitcoin than ever before due to the correction that followed afterwards. Only the foolish would not act and wake up their sleeping coins to benefit from what can be seen as one of the best opportunities in modern times. 'Core' hodlers hodl more 'Core' than ever before. how do you know they've bought back? i'm hoping they haven't. a good short squeeze would play nicely here.  It translates into new people holding coins with higher entry points, and that development is very important. It strengthens the market and allows bottoms to be respected in case we fall down a bit.
i'd say it's a natural part of the market cycle, but i'm not sure about that second bit. distribution usually propels a bear market (as we've seen the past several months) because it traps all those new buyers into losing positions. they then sell into the bounces. |
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asicuser
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June 10, 2018, 01:06:03 AM |
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how they know these are long term holders? what about buyers. weird
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ranman09
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June 12, 2018, 09:32:05 AM |
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Whales power. I hope they release it in the near future as they reach their target and let bitcoin for the masses. We will need those supplies.
They will not. Bitcoin isn't any different from how the wealthy elite is accumulating all the fiat in circulation. I expect the wealth distribution of Bitcoin to become worse with every correction we will go through. I wouldn't even be surprised if last year's pump was one driven by institutions to make up for how late they entered the crypto market. The only thing you can do is firmly hold every satoshi that you have (the easiest way), or just as 1referee said, short and buy back on the right moment to end up with more coins. There aren't really that many situations where you can almost be sure of a correction, which pretty much explains why people went for it. I anticipated that they will not, bitcoin is really cheap right now, and I agree that buying and holding is the best strategy for today. |
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