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Author Topic: Now It's Time For All Weak Hands To Drop Their Bitcoins!  (Read 458 times)
virtualdn (OP)
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April 23, 2021, 08:15:05 AM
Last edit: April 23, 2021, 09:04:58 AM by virtualdn
 #1

If you've been for a long time in this BTC business you already know this BTC price drop means nothing, nada.

I've experienced dozens of such drops and haven't sold a satoshi since 2013. Don't let the whales get your valuable BTC.

In other words, HODL, because every time after the rain comes the sunshine. You will be rewarded in the end my friend. But only the strong hands will remain.

1 BTC = 1 BTC
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April 23, 2021, 08:37:26 AM
 #2

I was surprised to see the price of bitcoin below $1 trillion dollars today, but that is how bitcoin price do fluctuates. Bitcoin is just a limited asset, that makes it valuable, its price can rise and fall back, but over long time, there will be a next rise.

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April 23, 2021, 08:53:50 AM
 #3

BTC is often called "digital gold", since the reserves of the precious metal on our planet are also not unlimited. Mining new coins is getting harder and harder. After 10 years price should rise x3 - x5 at least.

So just relax and wait. Grin Grin
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April 23, 2021, 08:56:43 AM
 #4

If you've been for a long time in this BTC business you already know this BTC price drop means nothing, nada.

I've experienced dozens of such drops and haven't sold a satoshi since 2013. Don't let the whales get your valuable BTC.

In other words, HODL, because every time after the rain comes the sunshine. You will be rewarded in the end my friend. But only the strong hands will remain.
No matter how good your advise is yet People that you addressed seems to be not giving a damn, https://coinmarketcap.com/currencies/bitcoin/

Look how Bitcoin is performing now and look how bad the movement from yesterday up to now.

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April 23, 2021, 09:01:51 AM
 #5

I was surprised to see the price of bitcoin below $1 trillion dollars today, but that is how bitcoin price do fluctuates. Bitcoin is just a limited asset, that makes it valuable, its price can rise and fall back, but over long time, there will be a next rise.
If you know the history of bitcoin prices then you shouldn't be surprised since you know that the prices will bounce back, I find that some people forgot that bitcoin is volatile just because it is pumping up in the recent months and hopefully this dip is going to teach them a lesson. This thread title is already too late because the weak hands have already sold when the prices were still atound 54k.

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April 23, 2021, 09:03:00 AM
 #6

Nothing to see here, back to $60,000 before August. Weak hands don’t deserve the great riches coming in Q4 2021.


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April 23, 2021, 09:09:22 AM
 #7

Ahh..Finally the Red Dawn I've been waiting for. Too much money always causes me headaches and over-thinking. Now that I am poor again, I am surprisingly relieved..LOL..

To be honest through, I have been here since the last ATH and have already experienced much of this FUD, Flash crashes and fear of losing my mind over putting too much at stake. I've learnt to not put too much at stake and try to earn, rather than invest. If this is your first crash and you've invested at the ATH, I hope you listened to the "Don't put what you can't afford to lose" advice.

If you didn't, well then just take heart from the experience of the 2017 people who waited for almost 2 years to regain the ATH. I don't think it'll take so long this time. Just HODL and spend this time understanding fundamentals rather than fretting over your losses. The Bear market is when the next season's champs are minted.

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April 23, 2021, 09:09:43 AM
 #8

This is a strategy or whale game of continuously lowering the market price so that many panic and fearful people will lose more if they don't sell at this time.  Weak hands will definitely panic if faced with a continuous situation like this, especially for those who need money in a short time, are forced to be willing to sell their assets due to circumstances.

This is not a 'whale game' what happened in recent COVID time is that 'HOLDING-CASH" became TABOO,

Remember Ray Dalio "Cash is Trash", no return, negative rates.

All this started with  the hedge fund collapse a few months ago, 100's of billions on margin-call, the PROBLEM is when everybody in financed is holding their CASH in BITCOIN, and there is a massive margin-call, then this is why you see bitcoin selling off 100's of billions in market capitalization

When firms get 100's of billions in margin calls, they're cash calls, not BTC calls; so the BTC needs to be sold to rise up the cash

I didn't happen immediately because banks covered each other based on their BITCOIN holdings as reserve escrow, but once the selling started then all hell broke lose, which why you now see 25% loss on bitcoin in one week

Not a damn thing to do with whales.

https://content.fortune.com/wp-content/uploads/2021/04/Screenshot-2021-04-21-nj.jpg
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April 23, 2021, 09:12:58 AM
 #9

Yep. We had 5 corrections harder than 35% during 2015-2018 bull run. Our hardest one this cycle was 25%. I would not be surprised to see even 40% drop to 38k before finding strong support to move forward.

Yesterdays dump was triggered by SP500 dump:


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April 23, 2021, 09:25:14 AM
 #10

If you've been for a long time in this BTC business you already know this BTC price drop means nothing, nada.

I've experienced dozens of such drops and haven't sold a satoshi since 2013. Don't let the whales get your valuable BTC.

In other words, HODL, because every time after the rain comes the sunshine. You will be rewarded in the end my friend. But only the strong hands will remain.

History proves that BTC will overcome such a massive price drop and eventually bounce back to its original market value. It is nothing new for people who've years of experience in cryptocurrency trading to have this kind of bad news in BTC. So don't let your emotion take over your decision, just hold when massive price drops occur and sell when everything is back to normal.

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April 23, 2021, 09:34:19 AM
 #11

What if they are just securing their money?
Would we call the experience trader a weak hand if they are doing it for cut loss?
I used to call it weak hands before but now I do understand them specially when it is a huge drop and it seems to continue rather than to recover.
I think the weak hands are those who easily sell their holdings when they read or hear a negative news even if the price isn't crashing down.
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April 23, 2021, 09:40:08 AM
 #12

Yeah, we're experiencing the usual weak hand dropout. I regret every single panic sell that I've had ever since I joined crypto. This is the moments before we hear about yet another massive investment coming from massive corps such as Tesla or MicroStrategy. Smiley
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April 23, 2021, 09:56:54 AM
 #13

I was surprised to see the price of bitcoin below $1 trillion dollars today, but that is how bitcoin price do fluctuates. Bitcoin is just a limited asset, that makes it valuable, its price can rise and fall back, but over long time, there will be a next rise.

that's how volatile the market. i'm also surprised just how quickly it had drop that low, I can only think that only one guy has been pumping the prices all along that by the tip of his finger, all his bots could just dump this low. Or could it be the institutions because all of a sudden Peter Schiff celebrates on his youtube channel saying i told you so.  meanwhile, ETH isn't dropping terribly.

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April 23, 2021, 10:26:38 AM
 #14

If you've been for a long time in this BTC business you already know this BTC price drop means nothing, nada.

I've experienced dozens of such drops and haven't sold a satoshi since 2013. Don't let the whales get your valuable BTC.

In other words, HODL, because every time after the rain comes the sunshine. You will be rewarded in the end my friend. But only the strong hands will remain.

I couldn't agree more.

Nothing to see here, back to $60,000 before August. Weak hands don’t deserve the great riches coming in Q4 2021.

That's quite pessimistic in my view. I wouldn't be suprised if we break another Ath in may. People don't remember but in 2016 there were also some drawbacks and people panicked before the final pump.

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April 23, 2021, 11:07:45 AM
 #15

If you've been for a long time in this BTC business you already know this BTC price drop means nothing, nada.

I've experienced dozens of such drops and haven't sold a satoshi since 2013. Don't let the whales get your valuable BTC.

In other words, HODL, because every time after the rain comes the sunshine. You will be rewarded in the end my friend. But only the strong hands will remain.
Yes, this drop means nothing for long-term holders. This experience has been met by many of us so many times and if you've been tough for the greatest bearish days especially the one in 2018.

The drop that we have recently is just a small one and a peanut compare from that year. There's no need to worry about with this very drop because we're still close to $50k and it will eventually get back there.




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Tomtomwole
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April 23, 2021, 11:31:59 AM
 #16

its normal for a newbie and weak hands to be scared and sell not minding the loss, its a learning process. holders are winners at the end but only the patient and determined can do this. whales dont hold, but you can hold to become whale.
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April 23, 2021, 11:37:20 AM
 #17

A few weeks ago many forum members were writing that Bitcoin is now immune to panic selling,since the institutional investors are buying large amounts of BTC for the sake of HODLing them in the long run.There's going to be a bull season and the small traders will never get into a panic selling trap again.
I kinda believed this theory for a while....and now this is all proven wrong. Grin
Panic selling will always remain as an important factor in the Bitcoin price fluctuations.No institutional investors can change that fact.




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.INSTANT & FAST..
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.PROVABLY FAIR..
......& SECURE......
.24/7 CUSTOMER.
.............SUPPORT.
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April 23, 2021, 11:43:10 AM
 #18

Those who are now a strong believer in bitcoin will do panic selling as they see that the price of bitcoin is going down but for those who already experienced this thing, it is only normal for bitcoin, we should remember that bitcoin is not only meant for going up, we should remember that this thing has already happened, we will lose an opportunity once we doubt the bitcoin.

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April 23, 2021, 12:30:21 PM
 #19

Nothing to see here, back to $60,000 before August. Weak hands don’t deserve the great riches coming in Q4 2021.
Indeed, now the price of bitcoin and other cryptocurrencies can fluctuate in one direction or the other. It is possible that this will continue until autumn. But in the fall, it really can rise well. Ethereum may have resolved its high transaction fees by then. It should be interesting.
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April 23, 2021, 12:32:26 PM
 #20

Not automatically weak hands when one is dumping his bitcoin.

Smart short term traders understands that bearish market could come or correction will happen, so they could dump their btc for a stable coin while waiting until the price will dip more before they will start buying again. For long term holder, it's different, if they dump then its an automatic weak hands.
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