Now It's Time For All Weak Hands To Drop Their Bitcoins!

[michellee]

Hold will not easy, but I am sure we can hold bitcoin this time. Before the price increase so high and back to above $60k and break the barrier and still increase, maybe a correction like this will be necessary to get more supports. The early people involved in bitcoin will not panic if they see the drop of bitcoin price because they can buy back more bitcoin at once or make many orders buy at a lower price.

This situation is only temporary, and people do not have to worry about this because sooner or later, the price will start the rally and who knows, the next rally will bring more chance for bitcoin to back to $60k and make a new ATH.

[Coin_trader]

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.

Agreed, There's a lot of swing traders in cryptocurrency market due to volatility. They have a lot of prrofit by doing this method on a volatile asset but the majority of people selling on this current market condition are really weak hands because swing traders already sell there holdings on the first wave of dump.

[Kelvinid]

Hold will not easy, but I am sure we can hold bitcoin this time. Before the price increase so high and back to above $60k and break the barrier and still increase, maybe a correction like this will be necessary to get more supports. The early people involved in bitcoin will not panic if they see the drop of bitcoin price because they can buy back more bitcoin at once or make many orders buy at a lower price.

I do holding for some reason but if I find that there is only a little chance for the market to recover in a shorter time, I don't hesitate to sell it instead. I might sure if this is a smart idea but looking into that particular situation, I think that is the safest way.

This situation is only temporary, and people do not have to worry about this because sooner or later, the price will start the rally and who knows, the next rally will bring more chance for bitcoin to back to $60k and make a new ATH.

I hope as well but can't ignore such possibility for the market to face again for a long bearish season. I can't simply forget about the last 2017 and that is the reason why I decided to sell, not to hold.

[LUCKMCFLY]

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.

It makes a lot of logic what you think, normally that's the smartest strategy and just reading OP shows that you have experience because you think like many famous market speculators, like Jesse Livermore and Richard Wyckoff, this market correction is a type of strategy that is carried carried out by the Stronh Hands, it is simple that they seek to buy Bitcoin cheaper, the "SHORT" can be opened by the same whales to take advantage of the panic of weak hands and thus take the cheapest Bitcoin, this is very normal, since 1800 these methods have been used. These strategies were used by Jesse Livermore in the Stock Market, of course this applies fully to the Bitcoin market.

My assumptions are correct in a sense, the shorts are open, they have not been closed, it may be a strategy of the whales. When looking at tradingview you see:


tradingview.com

[Review Master]

It's really good to see the weak hands are selling off their hodlings and market is going to have those strong hands who're believing for long term perspective. As long as panic sellers are into this market, we would see more correction every month which is quite unwanted. So, best way to accumulate more for our portfolio before it rebounds from this level just like previous month when we're on huge correction just like this. 

[bosede1]

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.

I smiled after reading this because for the weak hands you claimed to have sold when the price was 54k just reminded me of when it was 18k what would they have done then, they would have forgotten about what bitcoin is

[michellee]

Hold will not easy, but I am sure we can hold bitcoin this time. Before the price increase so high and back to above $60k and break the barrier and still increase, maybe a correction like this will be necessary to get more supports. The early people involved in bitcoin will not panic if they see the drop of bitcoin price because they can buy back more bitcoin at once or make many orders buy at a lower price.

I do holding for some reason but if I find that there is only a little chance for the market to recover in a shorter time, I don't hesitate to sell it instead. I might sure if this is a smart idea but looking into that particular situation, I think that is the safest way.

That will need more analysis to find the market can recover quickly or stay like that for some time. Yes, that is why we always need to analyze to know or predict how the market will move to determine what we should do. Maybe we can always get the right analysis but at least, we can do something related to the current situations in the market.

This situation is only temporary, and people do not have to worry about this because sooner or later, the price will start the rally and who knows, the next rally will bring more chance for bitcoin to back to $60k and make a new ATH.

I hope as well but can't ignore such possibility for the market to face again for a long bearish season. I can't simply forget about the last 2017 and that is the reason why I decided to sell, not to hold.

We need to analyze every possibility of moves for the market, including if the market still moves for a long bearish season, as you said. Yes, I can not even forget about what was happening in 2017-2018 because almost all of my coins drop to the lowest price. But I already take my profit by selling the coin.

[Mpamaegbu]

If there is any set of people who've learnt anything from the 2017 ATH of Bitcoin it should be the weak hands who sold in 2018/19 when Bitcoin went deep down in that crash. So, after seeing how it went from $19,000+ in Dec 2017 and then plunged but later went to over $60,000 in 2021 (still counting) it shouldn't be any panic to see it go through a momentary correction below $50,000 (even it goes to $30,000). The Bitcoin community knows that Bitcoin is a phoenix that will surely come back to break its own record and create a new ATH.

I've experienced dozens of such drops and haven't sold a satoshi since 2013.

Are you for real?

But that isn't the true definition of "hodling" If everyone decides to hodl their Bitcoin without selling, don't you think it won't have any value? Of course, it would be valueless. Nothing places value on something more than demand. If I were you, I would've sold at some point and rebought at a dump. So, you mean even now you aren't taking profit and utilizing the crash to buy back?

[bitcoin_bob]

Every dip is just wealth transfer from weak hands to strong ones

[online73]

Hello everybody. No matter how sad it is to feel the fall in the price of Bitcoin, there is never a need to panic. Just a week ago, many dreamed about the purchase price of 40K, 30K ... This should be the starting point, not to become "weak hands" by selling your Bitcoins, but to be strong and buy at a good price now, because this is a gift of fate. We will again worry that we didn’t buy Bitcoin on corrections, when its price is more than 100K, regardless of whether this path is through 30K or 20K, it is necessary to use any chance, now this chance is coming.

[malikg18]

It is totally a pre planned game to accumulate Bitcoin in Dip.Big Whales are behind this.After starting margin trading exchanges are also doing this play.Weak people get caught in this trap and return everything to whales in Cheap prices.we should be careful.

[btc_angela]

Every dip is just wealth transfer from weak hands to strong ones

Well this has been proven time and time again, and yet those weak hands still sell there bitcoin in a rush and then they will regret their decision in the future.

And now that institutions and big companies are just waiting for the perfect time to buy bitcoin at a cheap price, just like what we've seen in the last 3 days. They are now one happy bunny and most probably they're laughing at those weak hands selling because of the panic.

[nicecrypto]

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.

I agree with you, I believe that some times we just want to also use the correction processes as a means to accumulate some more Bitcoins buy selling off when the price starts to dump like this and buy back after the dump. I believe if you can do it right, you can make a good profit as well and it is a good strategy to me also.

[mmhaimhai]

Well said. These is one of the most valuable lesson I learn from bitcoin and crypto investing - Back when bitcoin fall around Dec 2018 and almost all alts is in red blood I just made myself believe I am a loser and made a wrong decision investing in BTC ETH and alts so even I can only get almost 60% of my investment I chose to convert all my digital assets to fiat before I totally lose it. Now I regret if I didn't become weak and coward and just wait I might be one of those happy investor during this year bullrun.

[Leviathan.007]

Actually, that's exactly how some people get rich. Whenever some weak people start panic selling their bitcoins the stronger people will buy and hodl for long term. Actually, they see the corrections as discount. Like the market is giving them some discount to buy bitcoins with cheaper prices. An smart investors will use this chance buy dip to earn profits in long and even short term in some cases.

[kryptqnick]

I was sad and worried when the market crashed in 2018. I was greedy with the fees and didn't sell almost anything during the ATH, and then when the price dropped to around $15k, I was sure that it would climb up in a matter of weeks. Eventually I ended up selling pretty much everything I had back then at around $8k, losing hundreds of dollars of profits which I could've enjoyed by selling at $20k. But this time I truly don't care. I know that the price has grown immensely and that it would be fair for it to go down. I sell when I need to, and hodl what I can afford to hodl. I'm fine with this approach, and the only thing that's very worrying to me is enormous fees because I'd want to see Bitcoin properly functioning as money one day, and the fees are discouraging my belief that it's even possible.

[taufik123]

if you were able to hold bitcoin from 2013 until now I am sure you are now a new billionaire.

Selling bitcoins today won't be a problem at many times the price either. Selling some and holding some is the best option. Enjoying the results of your strong hands will not be a problem. it is an achievement.

Holder is always the winner, that's how it happened.

[capcaypro]

this is a consequence of crypto a few weeks ago, the price of bitcoin soared to new ath and now dropped to $ 48000. of course this will be very impactful for people who are just starting out in crypto investing because at first they only saw when bitcoin went up to fantastic numbers and when now the price starts to decline they are definitely worried about their losing future.
but if we look from a few months back in fact bitcoin also experienced a fairly large decline but see after that the price jumped to new ath and nothing is impossible for now juag like that. so just relax and stay HODL so that we don't falter and sell our valuable assets. I strongly agree if you say bitcoin is only for strong people.

[raji1995naya]

If you know how bitcoin values have fluctuated in the past, you shouldn't be surprised. But, I believe that certain people have forgotten that bitcoin is unpredictable simply because it has been surging in recent months, and perhaps this dip will teach them a lesson.Panic selling will continue to play a significant role in Bitcoin price swings. That is a reality that no institutional investor will alter.

[Yatsan]

Knowing Bitcoin's past history with regards to the pump and dump of its price can literally lead you into conclusion that things were just fine even if you see that the current state of its price is bleeding in color due to drop as of the moment. But if you were a newbie having a hard time to understand such thing, you might get easily be tag along to sell their Bitcoin holdings due to panic of loss that they are thinking to be never be regained or other things that concerns them to do sell their Bitcoin. Panic or getting afraid of loss will not get you to work into something good so instead of having those, better get calm and put your trust into Bitcoin.