Bitcoin ATH - those responsible.

[taufik123]

Several companies and agencies have started to step in and make prices rise then FOMO continues until BTC is able to reach a new ATH at a price of $ 63k. some beginners also joined because of the huge potential of bitcoin. Those who buy at high prices believe that bitcoin will continue to rise. and those who sold bitcoin during ATH were those who had bought bitcoin at low prices before this ATH happened. The most important thing is the profit you get.

Bitcoin will not continue to rise, there will be some corrections that do have to occur. When a correction occurs, there will be more people who panic to sell bitcoin so that the price will drop more drastically. well this is a good chance to get in.

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[LUCKMCFLY]

It is necessary to highlight that in 2018 when Bitcoin had its fall from $20k to $10k most investors believed that the price would reach $ 50k, when they saw the fall to less than $ 10k they began to sell due to the huge panic that was unleashed, the news can sometimes drive anyone crazy and more so when it comes to money.

Many people who entered to buy at $ 20k, the whales began to sell, it was in its Distribution stage and the end of the bullish trend stage, no one expected it to have been so fast, so the whales' strategy had changed (they took advantage bad news and panic at the time) those who bought at $ 20k and sold at less than $ 5k was a very bad move, I know there was, because the force of the "shorts" at the time was to snatch those Bitcoin that he had bought in  ATH.

Today those who did not sell are having very good profits, there are many responsible, but the lesson of this is that Bitcoin with the passage of time is valued much more and that its average accumulation stage is usually between 3-4 years, until now.

Personally, I think there is much more to raise the price, the uptrend has not started yet with 100% of the whales, I interpret these movements due to the high institutional investment in the market.

[pixie85]

With profound gratitude and deep appreciation to those who short-sold their Bitcoin for this moment to be realistic, I think you’ll. Believe me, without them this moment shouldn’t have been possible, so, we the long hodlers say thanks, more liquidity still in need from these sellers.

What about those who sold at the top today? Are you also going to thank them?

We never know what the top is until it gets confirmed by a long correction. If I were a trader I'd sell most of my coins today because of how overbought and nervous the market is. The chart still looks very bullish but it won't keep going up forever. When it falls there's going to be denial at first and then, like always, fearful dumping.

[Bilgent]

I'd also like to thank people who are responsible on this huge increase in Bitcoin price. Thanks to them, I continue to increase my profit right now.    It's not going to go like this forever of course but I hope things go on like this for a long time and we can be in more profit.

[michellee]

The biggest thanks will be for bitcoin because bitcoin can reach the new ATH now. But that will not stop for that price because bitcoin price can increase more and reach the next ATH, which could be at any high price. But some people still hold their bitcoin because this is not their target price and will still wait for more until they see their target price. More people will see what happens to bitcoin, and they will join in bitcoin and buy bitcoin like other people.

Some holders do it based on time and not on the price, there was a tip about how to become rich with bitcoin, and it was 'Buy bitcoins and hold 5 years'... I think that's why people keep holding even if all of us already are on the profit side.

I don't think this is a wise move, but is how people hold, we don't know how up it will go, so, let the market surprise us.

Buy bitcoin and hold 5 years can be their slogan and promote to other people. Maybe that is what people should know and they do not have to worry about the price because the price will be like that.

After the price moves high and breaks the new ATH, it can open people's eyes and see that they are already underestimated bitcoin power, and they do not jump into bitcoin from a few years ago while the price is still low. And now, they realize that to buying bitcoin, they need to spend more money. But that still worth doing as bitcoin price will still rise in the future.

[agustina2]

With profound gratitude and deep appreciation to those who short-sold their Bitcoin for this moment to be realistic, I think you’ll. Believe me, without them this moment shouldn’t have been possible, so, we the long hodlers say thanks, more liquidity still in need from these sellers.

Of course, it's part of the ecosystem. Someone should go short, someone should go long.

It's like, triggering a thing to make room for another thing.

Whatever it is, just feel the current trend and do your best to keep up with it.

[Mpamaegbu]

Don't blame those who short Bitcoin or any other cryptos. At some point we must find it necessary to sell. That's the basic principle of trading — buying and selling. Even you, OP, at some point you must come down from your high horse and sell. Without selling, there won't be liquidity in the market. That was how the history of the 10,000btc for pizza record was made too. Buyers and sellers both add to the progress of any project. If everyone decides to hodl to infinity, Bitcoin won't get to where it's today.

[Shasha80]

I am grateful not only to institutions that have purchased large amounts of Bitcoin, but to Elon Musk, I believe his contribution is big enough
to trigger the price of Bitcoin to be as high as it is now. And many members of this forum are benefited by the rise in the price of Bitcoin.
Actually Bitcoin cannot go up as it is now if we all don't contribute, even though we only make a small contribution but it is very useful for Bitcoin.
Hopefully this year Bitcoin can reach the $ 100k target that many Bitcoin holders are hoping for.

[adaseb]

I don't think the ones short are the ones which are leading to these new ATHs. I think the majority of people stopped shorting BTC when it broke $20K. Sure the OI is very high however I am pretty sure its people who are capturing the premium with a cash and carry.

They buy it on spot and sell it on the futures. There is a crazy 25% premium for the Dec 2021 futures. This is pretty much a risk free trade and there are billions of dollars involved in doing a cash and carry.

The reason we got ATH is more fundamental rather than short squeeze.

[leea-1334]

The reason we got ATH is more fundamental rather than short squeeze.

I agree here,,, the short squeeze actually has not really started yet,,, only just begun;)

Just looking at the technical analysis of the past few months, which many said was going to be looking like BTC had done with its journey upwards, ignored the technical analysis of the past few years. Stock to flow model also proves it, the price appreciation is just a lot more to do with long term supply-demand fundamentals:)

[maxreish]

Behold.. As the new ATH reached the market. Those who thought it will now go dump and do massive corrections and have an entry of short, those who have wrong timing of entry, makes us to become a strong long term holder. We've seen this before and if it wasnt that needed to sell it, keep holding it.
 
 And yeah right, those panic sellers contributed a lot. But we cant really say that it will lasts long. Of course the bull is strong right now but time will come bears will also fight for their position.

[bitgolden]

With profound gratitude and deep appreciation to those who short-sold their Bitcoin for this moment to be realistic, I think you’ll. Believe me, without them this moment shouldn’t have been possible, so, we the long hodlers say thanks, more liquidity still in need from these sellers.

You just bring a different perspective but always there are some traders who will be buying and selling at each and every price levels because of their technical and fundamental analysis. Even people who are following same kind of strategies, due to different time frame they are following they will get into/exit from at different price levels regardless of they are using same strategies.

So, I believe we do not need to thank anyone because everyone is doing their job for their own benefits and not because of moving the market further.

[Mahanton]

With profound gratitude and deep appreciation to those who short-sold their Bitcoin for this moment to be realistic, I think you’ll. Believe me, without them this moment shouldn’t have been possible, so, we the long hodlers say thanks, more liquidity still in need from these sellers.

We can call a healthy market where buy and sell would really be that present and this had been the main concept since from the beginning and on the thing you had
mentioned about hodlers then they are long existing and there would be always sellers and there would be always someone who would be looking for cheap coins
and there would be someone who would just simply observe nor doesnt really care and just simply hodl on what they do have.
When it comes to ATH then bitcoin never fails to impress the community.

[Assface16678]

I think that everyone involved in the market contributed to the ATH of bitcoin, I meam the hodlers should be a big part of that because they are the ones that are whittling down the supply and making the prices go higher because they create a sense of scarcity, we also have to mention the lost coins as they are a big contributor too.

[adaseb]

I think covid19 can be another contributor to all these ATHs. Without covid19 would the stock market be where it is now?

Basically the money printing is one thing. However people started to trade out of boredom and tons of retail money flooded the markets. When it looked like the stock market was getting toppy, Retail traders went into bitcoin.

This is why you got so many meme about Dogecoin and people buying it like crazy. Most likely because there are tons of retail people who are being all of this. They got stimulus checks and are buying crypto with it because they are stuck at home and out of boredom.

[777Jolami]

Covid 19, the economic recession, the rapidly increasing inflation, the demand for online payments is the power of bitcoin and cryptocurrencies.  Even, a big difference that creates a great traction to root the bitcoin "bubble" is that institutional investors, not just financial companies, single investment agents like 2017. Some  billionaires like Elon, Strategy are having a vision of a new world.  Trust is motivated again.  the result could not be more amazing - trillions of assets. The next ATH will continue to move forward!

[Becky666]

With profound gratitude and deep appreciation to those who short-sold their Bitcoin for this moment to be realistic, I think you’ll. Believe me, without them this moment shouldn’t have been possible, so, we the long hodlers say thanks, more liquidity still in need from these sellers.

That's sarcastic mate, don't expect these sellers to hold their coins till infinity, what about those who fell into problems and they need to solve they problems? won't they sell part of their holding?, believe me that the system wont help anyone without they use what they have in their hands. If there is a problem and these coins has the solution then they should be sold out for help. We all provide liquidity in different ways in this market.

[LUCKMCFLY]

This global event such as Covid-19 has made many mentalities change, it was presumed that for the years 2020-2021 the world economy would suffer another crash, similar to 2008, the pandemic has changed the entire economic approach, many gold investors had Strong gains in 2020, while Bitcoin suffered the ravages of the covid-19 panic, although the market quickly recovered, 2021 is making a difference from the history of Bitcoin, new ATH, this April is presumed to be explosive, according to Pantera believes that by 2022 it will be $200K and for this month of August it will be $115k.

For Pantera, he believes that those responsible for this ATH and those who will come is from the immense incoming institutional investment, particularly I also think the same.

The rally we are seeing today is no different than past run-ups, except now there is unprecedented institutional backing, says Pantera CEO Dan Morehead
Morehead doesn’t see rally stalling anytime soon

Source: https://blockworks.co/pantera-stays-bullish-on-bitcoin/

[jostorres]

You just bring a different perspective but always there are some traders who will be buying and selling at each and every price levels because of their technical and fundamental analysis. Even people who are following same kind of strategies, due to different time frame they are following they will get into/exit from at different price levels regardless of they are using same strategies.

Yeah OP's concern must be an unique one but if there were no sellers in-between price levels then we might have tested some big levels by this time; I am seeing those shorters as a hurdles in the passage of price movements. I agree they are the liquidate providers but without them also we might have reached where we have bitcoin today but most people might have not got chances to buy bitcoins cheaper than they entered in-between price levels.

Probably people who entered (like microstrategy who started buying bitcoins after 10k price levels) lately still got enough volume they wanted, might need to thank those liquidate providers as per OP's view.

[Raflesia]

Several companies and agencies have started to step in and make prices rise then FOMO continues until BTC is able to reach a new ATH at a price of $ 63k. some beginners also joined because of the huge potential of bitcoin. Those who buy at high prices believe that bitcoin will continue to rise. and those who sold bitcoin during ATH were those who had bought bitcoin at low prices before this ATH happened. The most important thing is the profit you get.

Bitcoin will not continue to rise, there will be some corrections that do have to occur. When a correction occurs, there will be more people who panic to sell bitcoin so that the price will drop more drastically. well this is a good chance to get in.

In fact, I, even more, believe with the many agencies that have dropped a lot just to acquire bitcoin will continue to reach ATH throughout this year, and there is so much positive news around the world about bitcoin that more and more communities will come to buy bitcoin as a significant advantage and here we can tell which one is more attractive because the fast movement makes a bigger profit because that is the hope of every trader or investor.

Regarding the correction that is happening, it will not be so deep panic that people will be so relaxed and ready to enter when the correction, after I have observed before, there has never been a drastic decline, precisely with the correction of bitcoin it can bounce again.