HODL'ers sold 30BN$ of Bitcoin causing the crash

[freightjoe]

Everyone in here seems to think that the crash is due to newbies panicking. Reality when you look at the hard data is that it is the HODL'ers who are selling and crashing the market.

Don't believe it? Check out the analysis for yourself:

https://www.coinspeaker.com/2018/06/12/bitcoin-price-decline-2018-caused-hodlers-30b-sell-off-says-chainalysis-report/


When HODL'ers say "HODL HODL" they are either lying while they are selling. Or if you are truly HODL'ing then you simply being scammed by the other other HODL'ers who are busy selling to you.....

[Naida_BR]

Personally, I won't stick to a random analysis. I don't know the exact reason for such a decline but what do you think, if HODLers sold who is really into the market right now?

And who shows resistance in the market?

Just some logical questions that may give some food for thought.

[jmvzlfyg]

Yes, a lot of people have been saying they are believers in HODL, but there are a lot of signals that whales or exchanges deliberately release, maybe they are constantly selling coins.

[ribowo76]

On the other hand, I believe, with the increasing popularity of bitcoin, new investors will emerge. And slowly but surely will increase the demand for bitcoin which will ultimately affect prices

[freightjoe]

Personally, I won't stick to a random analysis. I don't know the exact reason for such a decline but what do you think, if HODLers sold who is really into the market right now?

And who shows resistance in the market?

Just some logical questions that may give some food for thought.

The data is right there. But, as always in here, the cultish believers of Bitcoin are unwilling to see anything that does not support their religious belief that Bitcoin is going to the moon.....

[Gozmoc]

Hodling is not so bad, but we suffer hodling when the whales dump seriously. they dump at a ridiculous price and makes it crash.

[freightjoe]

Hodling is not so bad, but we suffer hodling when the whales dump seriously. they dump at a ridiculous price and makes it crash.

You are completely wrong - read the data. The HODL'ers have been selling and the whales have increased their ownership. A sure way to lose money as an "investor" is to guess and not use data and analysis

[czynatagmz]

Not only newbies, most experienced people also selling or convert them to USDT when they know for sure that market is going down, holding tokens will not always give more profits. But they age get in back to the market with some good news and make more and more profits with the investments. Some icos are dumping from the first day of exchange, holders rekt and those who sold on the first wave and again entered in the button can make some profits while others are rekt.  

[cryptograce]

You are absolutely right, hodling is not the issue, is when you hodl and whales dump at rediculous price.

[freightjoe]

You are absolutely right, hodling is not the issue, is when you hodl and whales dump at rediculous price.

Again - this is a false statement. Data shows the whales have increased volume, not dumped

[eternalgloom]

That's such a generalization, I would argue that we now have more HODL'ers than ever who are keeping the price above $5000.
A lot of these investors have joined during the 2017 bull run and still haven't sold after the crash from 20k USD.

Before the bull run started, Bitcoin was still trading at just around 1k USD, in the first months of 2017.

[freightjoe]

That's such a generalization, I would argue that we now have more HODL'ers than ever who are keeping the price above $5000.
A lot of these investors have joined during the 2017 bull run and still haven't sold after the crash from 20k USD.

Before the bull run started, Bitcoin was still trading at just around 1k USD, in the first months of 2017.

"I would argue".... No one cares what you would argue. The data shows this is the case.

[fulled]

personally, i dont care about market bull and bear, i always believe cryptocurrency especially bitcoin will be the future currency, so whenever the price up or down, i will still hodling it, its already 19months since ive buy and hold my btc

[KeepupSlim]

People are constantly manipulated by fear and false informations, that's why I believe it can be possible that a lot of HODLers sold their coins. A lot of people also need their money and cash out because they cannot aford to loose more in a short term.

[1Referee]

Most hodlers have long term price targets in mind, but when the price rockets up from $1000 to $20,000 which people were speculating about to happen somewhere in 2020, people sell because they don't have to wait any longer. Not everyone is here to hodl for ever.

There are enough videos online when Bitcoin was just $100'ish where high level Bitcoiners were stating that Bitcoin could eventually be worth $10,000 or $20,000 and it reached all these levels one by one. Old hands (entry points $100-$1000) out new hands (entry points +$1000-$10,000) in, which significantly helps the market move forward.

In other words, be happy that old hands are dumping. Their coins are worth less for them psychologically because of their insanely low entry points.

[eternalgloom]

That's such a generalization, I would argue that we now have more HODL'ers than ever who are keeping the price above $5000.
A lot of these investors have joined during the 2017 bull run and still haven't sold after the crash from 20k USD.

Before the bull run started, Bitcoin was still trading at just around 1k USD, in the first months of 2017.

--snip--

"I would argue".... No one cares what you would argue. The data shows this is the case.

The data from the original source you've provided, shows that there's still a majority of long term investors
Here's the original source on which your article is based on:https://blog.chainalysis.com/reports/money-supply

When HODL'ers say "HODL HODL" they are either lying while they are selling. Or if you are truly HODL'ing then you simply being scammed by the other other HODL'ers who are busy selling to you.....

Lol you tell me 'no one cares what you would argue', yet here you're also coming to some pretty subjective conclusions yourself...

[geminiboy]

Everyone in here seems to think that the crash is due to newbies panicking. Reality when you look at the hard data is that it is the HODL'ers who are selling and crashing the market.

Don't believe it? Check out the analysis for yourself:

https://www.coinspeaker.com/2018/06/12/bitcoin-price-decline-2018-caused-hodlers-30b-sell-off-says-chainalysis-report/


When HODL'ers say "HODL HODL" they are either lying while they are selling. Or if you are truly HODL'ing then you simply being scammed by the other other HODL'ers who are busy selling to you.....

I just believe that beginners are always the victims of falling prices in the market, beginners are not the cause of the decline, but they always panic and always become victims of cheap selling, you may understand

[.Bitcoin.talk.]

That's such a generalization, I would argue that we now have more HODL'ers than ever who are keeping the price above $5000.
A lot of these investors have joined during the 2017 bull run and still haven't sold after the crash from 20k USD.

Before the bull run started, Bitcoin was still trading at just around 1k USD, in the first months of 2017.

--snip--

"I would argue".... No one cares what you would argue. The data shows this is the case.

The data from the original source you've provided, shows that there's still a majority of long term investors
Here's the original source on which your article is based on:https://blog.chainalysis.com/reports/money-supply

https://i.imgur.com/YifVts1l.png

When HODL'ers say "HODL HODL" they are either lying while they are selling. Or if you are truly HODL'ing then you simply being scammed by the other other HODL'ers who are busy selling to you.....

Lol you tell me 'no one cares what you would argue', yet here you're also coming to some pretty subjective conclusions yourself...

Thats a total of around 14 million hodlers. Thats pretty good

[carlisle1]

Everyone in here seems to think that the crash is due to newbies panicking. Reality when you look at the hard data is that it is the HODL'ers who are selling and crashing the market.

Don't believe it? Check out the analysis for yourself:

https://www.coinspeaker.com/2018/06/12/bitcoin-price-decline-2018-caused-hodlers-30b-sell-off-says-chainalysis-report/


When HODL'ers say "HODL HODL" they are either lying while they are selling. Or if you are truly HODL'ing then you simply being scammed by the other other HODL'ers who are busy selling to you.....

What are you implying here dude?whats the mean of your post regarding the actions of the HODLERs?its their prerogative on what to do and for me,it wasn't your problem.why care if they said HODL when the truth is they are selling?thats part of the market,thats why crypto is volatile because of the investors treatment regards this coins

[carrascos]

perhaps. but I'm doing hold all the time while I'm participating in this market and I made a very good start on it