How many bears did that just kill?

[justdimin]

There just are not enough sellers left to push the market down in any meaningful way.

There is always lots of sellers available to sell and push the price down, that is the weak hands. But the important thing is that there is also a lot of buyers who would buy their coins cheap and won't let the price fall down any lower than certain levels.
For example recent weeks showed how there are still a lot of weak hands who panic sell (ie. from $40k+ down to $28k) and also there are a huge number of buyers who would be more than happy to buy bitcoin at a discount (ie. from $28k back to $34k).

Those weak hands were always here, we are talking about people who helped the 2018 bear period as well, there is no way you could stop those weak hands. However what you can do is get a lot more richer and diamond hand people involved as well, if you do that it would help to increase the price. For example, those huge corporations buying thousands of bitcoins are sort of part of this, they are basically doing what we are talking about, they buy and they hold and they do this for thousands of bitcoins.

So, basically we are on the right path, we are doing a lot better, sure we still have those weak hands we had in 2018 but this time around we have super rich people buying and holding, would it be a huge crash if those people end up selling? Yes but it would be even better afterwards for the purge, until something like that happens we are doing a lot better nowadays.

[DoublerHunter]

~snip~
So, basically we are on the right path, we are doing a lot better, sure we still have those weak hands we had in 2018 but this time around we have super rich people buying and holding, would it be a huge crash if those people end up selling? Yes but it would be even better afterwards for the purge, until something like that happens we are doing a lot better nowadays.

^ Definitely right, they are those institutions who invested a lot in BTC because they believe that you will potentially gain profit if you are waiting the right time to sell, and others adopted BTC because there are few merchants online who accepted BTC as payment. We expect more bears to kill if most of us are clever to hold our BTC and the basic law of BTC price determines by the demand and the supply. Nevertheless, those weak hands are always a loser and did not know the flow of BTC how to gain profit.

[sana54210]

I'm sure it has sold and bought back its BTC to date, at least 90% of early investors. This type of consideration is unlikely to help. Despite the fact that people are ruled by greed, there are many investors on the market who have low expectations. I think those who appear on the market today are much more careful than those who started to be interested in cryptocurrencies a few years ago. They will not hold BTC until it reaches the price of $1M, but they will take profits after earning even 100% or less.

I can say that as an early investors I did really bought and sold early on as well. I was a bit too late to get back in but I did bought later on. The bears in this run is really nothing like the previous ones, because their numbers are lower and their work is weaker as well. Back in 2014 and in 2018 we had bears who had a lot of money, and who were selling like crazy, and we were talking about bears that controlled the market easily as well, nowadays we are talking about just some few people who would be capable of selling a bit but a lot more people buying at the same time.

I think the bears ran their course and bitcoin lost that bear fear, we are not longer afraid of the bears and whenever price goes down just a bit we start to buy in bulk because everyone knows 35k+ is quite possible so making a 10%-20% profit is not really that shocking.

[teosanru]

99% of everyone who was going to sell or short was obliterated in, 2011, 2013, 2017, 2021, and just then.


This is why I think maybe a lot of 'BTC' on exchanges are fBTC^TM f= fake, so fakeBTC


There just are not enough sellers left to push the market down in any meaningful way.

I don't think an intelligent trader would trade without a tight stop loss in place especially these days when the Market volatility is so high that we are getting an ATR of more than $3000. This thing is both for shorts and the longs because when last week BTC fell by around 20% it was the longs who were liquidated at a huge scale. You have to make sure to save your capital in any case whatsoever.

[pooya87]

There just are not enough sellers left to push the market down in any meaningful way.

There is always lots of sellers available to sell and push the price down, that is the weak hands. But the important thing is that there is also a lot of buyers who would buy their coins cheap and won't let the price fall down any lower than certain levels.
For example recent weeks showed how there are still a lot of weak hands who panic sell (ie. from $40k+ down to $28k) and also there are a huge number of buyers who would be more than happy to buy bitcoin at a discount (ie. from $28k back to $34k).

Those weak hands were always here, we are talking about people who helped the 2018 bear period as well, there is no way you could stop those weak hands. However what you can do is get a lot more richer and diamond hand people involved as well, if you do that it would help to increase the price. For example, those huge corporations buying thousands of bitcoins are sort of part of this, they are basically doing what we are talking about, they buy and they hold and they do this for thousands of bitcoins.

So, basically we are on the right path, we are doing a lot better, sure we still have those weak hands we had in 2018 but this time around we have super rich people buying and holding, would it be a huge crash if those people end up selling? Yes but it would be even better afterwards for the purge, until something like that happens we are doing a lot better nowadays.

You are confusing a couple of things here.
What we had in 2018 was a bubble burst and then a bear market. It had nothing to do with weak hands. Just like bull trend, a bear trend is also a natural trend that any healthy market can enter and bitcoin had it during 2018. With or without weak hands the bear market and bubble bursts happen because they are inevitable.

Weak hands are only causing nuisance in short term. For example even today when a very simple correction starts after going over $40k we see the panic sellers (aka weak hands) dump in a frenzy and increase the size of that correction to as big as 30%.
Again when price goes up and breaks some resistance, the same people this time called panic buyers (aka weak hands) start FOMO buying bitcoin and make the rise jump up instead of slowly getting to a higher price.

[Majormax]

There just are not enough sellers left to push the market down in any meaningful way.

There are 15 million BTC. Each of them have own value. When $30k will be to low for them price will move up. But every coin have its price. Some will sell at $40k some at $50k some at $100k. All 15 million BTC have its price. Oh and dont forget that those that will buy at $40k will then again have its own price when will sell. So these 15 million BTC never decrease.

There's a target price on every Bitcoin hodlers or even traders, there's no fix price on the market. Whales knows what to do, and knows when to take profit, while the small time hodlers are just depending on the market situation same thing with the traders. The downtrend is normal scenario of any market, there's a lot of things to be considered, look at the bigger picture, we are still growing in terms of market adoption.

Not sure that whales have a target price. Having watched this market through every peak and trough, I would say many hodlers from the early days that have refused to sell for so many years at what would have seemed immense amounts of money, are not looking at fiat value at all.

Being a stock futures trader myself, I always have a target, but have tried to be an impartial observer of BTC as far as possible.

I think there are many people who would have sold out at every conceivable stage on the way up. Only the crazy die-hards are still whale holders, and why would they ever sell ?

[CryptopreneurBrainboss]

There just are not enough sellers left to push the market down in any meaningful way.

This sentiment can change at anytime, the whales has the capabilities to make that happen, they're probably waiting for the best opportunity then create the fuds and manipulate the market to their favour. Currently we're bullish so there's more of buyers than sellers any moment that momentum turns you'll see all the sells coming out.

The market will always revolves in circles, (stages) which is the bull and bear circle, meaning at their respective stages there'll always be enough buyers or sellers to influence the market.

[tbterryboy]

There just are not enough sellers left to push the market down in any meaningful way.

The whales always have the bitcoin and money to pump & dump the market. The price cannot always go up as there is a lot of manipulation in the market.

Also consider that people also earn money when the price is dumping by shorting through future trading.

That was the old whales that wanted to see bitcoin go up and down and make profit from that, these days we have public companies that buy bitcoin in billions, which means they can't just buy and sell to manipulate the market because we would know about it and know what they are doing, looking at what they are doing so far we can see that they have been buying and holding, tens of billions of dollars worth bitcoin was bought and hold during the last 1 year, and that is going to be the case for a long time as long as public companies keep buying bitcoin.

This doesn't mean that there is nobody that does the old method where whales dumped and pumped to make money, but it also means that there are competition now that buys and gets it from them, corporations are collecting as much bitcoin as they possibly can to have more bitcoins these days.

[arufox]

The whales always have the bitcoin and money to pump & dump the market. The price cannot always go up as there is a lot of manipulation in the market.

Also consider that people also earn money when the price is dumping by shorting through future trading.

I totally agree if you say that whales have Bitcoin and money to dump and pump the market. But you are less precise if you say the price cannot always go up. Actually, the price will always go up, Because Bitcoin is the long term investment, Try to compare the current price and the price 10 years ago. Stop care about whales, but you should care about the future, buy as much as you can