How many bears did that just kill?

[jubalix]

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.

[YuginKadoya]

Maybe you're right, in the following Pandemic phase we can really see the down tend of Bitcoin maybe all people with FUD mindset had been left behind on that recent downtrend,

Right now the price of Bitcoin had slaughtered the FUD people even more from $32,000 USD to $37,000 USD in a snap, I just literally had a nap, and after I wake up, it is a test of faith in the market of Bitcoin the holders that patiently waited for this moment can surely savor the good price of their effort and patients.

[Lucius]

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

So let’s say a lot of weak hands sold already at $20k or when the price reached $30k, just because they thought a big correction like the one from 2018 would follow. Of course, they made a mistake and many are now out of the game, while on the other hand institutional investors have been buying (and still are buying) large quantities of BTC and storing it in cold wallets with the intention of a long-term investment.

I would not agree that the difference in price of almost $15k is not something significant (from $42k to $27k), and these are corrections that have happened in the past - now only the numbers are different. Nonetheless, we should not forget that we are in the year that came after halving, and such years have always been the best in terms of price growth.

Considering that it is more than realistic for the price to at least double by the end of the year, why sell now when only with hold everyone can profit.

[cryptoaddictchie]

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

Actually this is depend on the people who are bulk holders. If they don't wish to sell at a profit then the market will stay for long on this level. That's good since the price of bitcoin could stay for a while and possibly increase in the future. Those who are dragging the price are possibly lesser to those holders so I'm positive that this bull season will stay for long time.

[zanezane]

Maybe you're right, in the following Pandemic phase we can really see the down tend of Bitcoin maybe all people with FUD mindset had been left behind on that recent downtrend,

Right now the price of Bitcoin had slaughtered the FUD people even more from $32,000 USD to $37,000 USD in a snap, I just literally had a nap, and after I wake up, it is a test of faith in the market of Bitcoin the holders that patiently waited for this moment can surely savor the good price of their effort and patients.

There is no down trend, how come the ATH was recorded at the pandemic if there was a down trend? I do not think that there has been a down trend lately, the prices are still higher than the last time that I have cash in my bitcoin which is around 18k, maybe for some people who brought at around the 30k to 37k mark would consider it a down trend. Those people that have a mindset that is easily affected by FUD deserves to be left behind, they didn't put their trust in the bitcoin market and all they care about is the profit that it entails, so they have to suffer the consequences.

[buwaytress]

We'll never be able to really tell on most exchanges if those are "real" BTC. Known Cold wallets from exchanges barely make up order book totals, and volume suggests there definitely is less and less so the narrative does fit that there just isn't enough to go around. Which makes it even more popular for fbtc as you call it to extend.

Which does beg the question. Are there now or soon to be buyers only interested in fbtc or who don't or won't care?

Institutional or retail, maybe all that's important to many investors is the balance sheet, not "physical" balances.

[eaLiTy]

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

I disagree about 2011 and 2013, no one sold the coins at a loss at that period and no one was obliterated, but if you compare the price now you will regret selling the coins during the initial stages but you cannot call them losses. But 2017 was an entirely different time where many new investors burned their hands when they short the coins or purchased the coins with credit cards.

[goaldigger]

There can be fake volumes or trades on some exchanges, and its hard to tel if its real or not but time can tell if we’re really on a bear trend or the up trend.

Some may sell to take profit, and that’s their strategy so if you are planning to sell as well do it, don’t blame yourself if the market goes down because its normal and cryptomarket is very volatile.

FUD will stay in the market and its not our loss, its up to them for selling their holdings out if panic, The market will always go up in long term trend, but a hell of a ride for short term.

[bluebit25]

I disagree about 2011 and 2013, no one sold the coins at a loss at that period and no one was obliterated, but if you compare the price now you will regret selling the coins during the initial stages but you cannot call them losses. But 2017 was an entirely different time where many new investors burned their hands when they short the coins or purchased the coins with credit cards.

I also agree with your point of view, the markets were completely different at that time, even at this point we were completely different from 2017. What will the dead bears have to do to save themselves, the market always exists only we cannot survive with it, the next time we will see the knitting of cows and bears being affected massacre.

[sunsilk]

I think only a few or probably just one exchange I've seen that had said they'll be limiting users' buy order for bitcoin. But for the biggest exchanges, I haven't heard them saying that warning and caution to their users.

I believe that most of them have the biggest reserve which might be in use if they ever get short in bitcoin for sale. If they ever use fBTC for the orders as you've said, they'll be backing it up with the actual BTC for withdrawals which I think, instead of using fbtc just for the sake of show balance, they don't have to do it but instead use actual BTC.

[sheenshane]

Last few days when there's a short pump of Bitcoin right after Elon Musk changing his Twitter bio with hashtags Bitcoin, everyone happily sells and cuts their profit.  But it might be a coincidence or that when the Binance exchange announced a suspension of all withdrawals, they notice that there is a large increase of withdrawal request which is obviously they are dumpers or something new users who have a weak hand that all wanted is gain a small profit.

What on my mind is because we have different investors of Bitcoin, not just individual investors but it also has institutional investors which are most of them are big companies who adopted Bitcoin that surely kills bears right after massive surging in the market.

[Febo]

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.

[crzy]

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.

[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).

[wiss19]

I believe bears deserve to lose money, they are betting on people losing money and that is not really something we should be fine with, that should never be something we should be fine with. At the end of the day we are talking about people who would short, make bitcoin go down, thousands even millions of people lose money because their bitcoin now worths less, and they made profit from this suffering.

That is the same reason why GME stock was picked by wallstreetbets as well, sure gamestop is not a sustainable business and they will literally bankrupt eventually because let's face it with epic store and steam becoming this big, who needs gamestop to be honest, but you also can't just short it so that everyone would suffer and gamestop crashes because you wanted to profit from it, let them bankrupt normally, not because you wanted to profit. Hence, I hope this killed off many many many short positions.

[yhiaali3]

I think that the game has become a lot different from what it was in 2018, this is a battle of strong hearts, people with weak hands cannot continue, whenever he was afraid and sold at the low price, he lost his money and bitcoin went up, the big players came back to buy from low areas and accumulated a lot of bitcoin and they are They will sell it on higher ground.
There are a lot of players in the market and we see big fluctuations happening daily, so we have to understand the game well so that we can continue in this volatile market, you can benefit from that if you have the courage and wisdom.

[SquallLeonhart]

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).

It is shocking that Elon was capable of doing this. Why would anyone buy a cryptocurrency just because someone else said it. That is the power of social media and fame, like if I said people go out and buy bitcoin right now, it wouldn't change the ideas of 1 person, at best maybe I can change the mind of one person and that is best case, but this dude comes out and says doge and suddenly it skyrockets. That never made sense to me, that is not really the thing we are talking about when we talk about decentralization

Sure it is decentralized, and it could be even considered unregulated right now considering nobody cares about the ups and downs, only KYC type of stuff, which means we could have 10x in a day and nobody would say market manipulation. However what elon did was market manipulation, it was literally just him making something go up, if he had any doge, he got richer thanks to it.

[magneto]

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.

And you're right. Institutional investors are simply going to strengthen the long term long positions that exist within the market.

There are a ton of demand for BTC as a store of value, away from the imminent fiat collapse. And leveraged shorters will definitely be a lot more careful now that they've seen what mass retail interest can do in terms of inducing a short squeeze (think GME and silver more recently).

This is why I feel very confident in the $20k support holding - there are simply too many long term bulls, as you said, for the markets to move meaningfully downwards in any sizable fashion in the medium to long run.

[adaseb]

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.

And you're right. Institutional investors are simply going to strengthen the long term long positions that exist within the market.

There are a ton of demand for BTC as a store of value, away from the imminent fiat collapse. And leveraged shorters will definitely be a lot more careful now that they've seen what mass retail interest can do in terms of inducing a short squeeze (think GME and silver more recently).

This is why I feel very confident in the $20k support holding - there are simply too many long term bulls, as you said, for the markets to move meaningfully downwards in any sizable fashion in the medium to long run.

Yes currently there are not enough sellers to push the price down but remember what happened back in Nov 2018? Basically the $6K support has been holding for mostly the entire 2018 year. November was usually a very bullish month for bitcoin. So everybody was waiting for BTC to start rallying in November. And it traded sideways for most of the years because people refused to buy and refused to sell.

Then what happened in the middle of November? Basically it hit $5500, people assumed it cant go lower but it went to like $4500, and then again people assumed it couldn't go lower and it went to $3000 or so before finally bottoming.

So after $6K broke, all of a sudden tons of sellers appeared. You could verify this by looking at the amount of BTC sent to exchanges in that month. People were scared and they dumped BTC at the low.

So supply is low now because price is high, people want $50K or $100K bitcoin before they sell. However if price starts to head the other way, say below $10K then all of a sudden supply will increase in the markets due to people panicking. That's the best time to buy.

[bitgov]

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'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.