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Author Topic: Don't sell your precious BTC to the whales!  (Read 1141 times)
virtualdn
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June 13, 2022, 08:34:42 AM
Last edit: June 13, 2022, 08:48:46 AM by virtualdn
Merited by coolcoinz (1)
 #1

We've been here before, you are just making the whales richer, selling your precious BTC for pennies (crappy fiat). The storm will pass, hodl, or try to accumulate even more BTC, it's a great time to buy for cheap. We will make it this time too. Even if BTC goes down to $15,000 nothing is forever. Remember $20,000 down to $3,000? Been through that storm too. Remember, 1 BTC = 1 BTC. To the Moon!

1 BTC = 1 BTC
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June 13, 2022, 08:46:37 AM
Merited by virtualdn (1)
 #2

I know that you have been holding Bitcoin for years now mate,  Grin

And it's good to hear that from you reminding us again how precious BTC is, as the supply is dwindling. And currently, the price is now below the threshold of $25,000 and there are a lot of panic sellers, pushing the sell button and they might regret their decisions in the future if the price goes to $100,000 minimum. The whales though are going to be happy scooping cheap bitcoin from beginners and panic sellers. But it is what it is, those who are selling today might have to learn it the hard and expensive way.

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June 13, 2022, 09:02:48 AM
 #3

Anybody that properly understands Bitcoin wouldn't be selling at this point in time, because now is indeed the best time to accumulate.
Selling right now is like giving out the freedom you already have to someone else because BTC is the only freedom form of money in the whole world , Thus loosing war against GOVT, banks and the current financial system and you become slave to inflation and loose some percentage of your money every year to inflation as you hold fiat.

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June 13, 2022, 09:22:08 AM
 #4

We've been here before, you are just making the whales richer, selling your precious BTC for pennies (crappy fiat). The storm will pass, hodl, or try to accumulate even more BTC, it's a great time to buy for cheap. We will make it this time too. Even if BTC goes down to $15,000 nothing is forever. Remember $20,000 down to $3,000? Been through that storm too. Remember, 1 BTC = 1 BTC. To the Moon!
I am always admired you mate , as I have seen couple of your posts/threads about keeping your funds since the beginning and never sell a single satoshi , that's why I trust your stand and advise to not let Whales take our Bitcoins by selling in this dip.

So No I am not selling anything from my Bitcoin wallet, i will rather sell my altcoins than giving my precious coin to Whales .


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June 13, 2022, 09:31:47 AM
Last edit: June 13, 2022, 09:44:44 AM by Adbitco
 #5

Thank you for your encouragement mate  Kiss

But, I will call it impatient or amateur other words market feeders. But i will say do you really know their situations right away? Remember whenever the market is down tension seems to be higher than ever so most at times some bitcoin holders at point can not control it leading them to sell. conspicuously speaking I was ones in that stage and i kept regretting whenever i sell of and the market bounces back again.

Facts: Anyone who can control these few things can be able survive the market and hold for long time;
1. Fear
2. Tension
3. Greed
4. Indecisive
5. Non-Informative

All these listed things are what most of here battles with all time.

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June 13, 2022, 09:34:55 AM
 #6

We've been here before, you are just making the whales richer, selling your precious BTC for pennies (crappy fiat).

You, me, and a few hundred or thousands more were here in the sense that we know how this game is played, but unfortunately for all those millions of investors who do not understand what Bitcoin is, moments like this turn into a nightmare or something much worse. If for most Bitcoin is just a way to profit in the short term, then the thing is very simple - buy before halving, wait at least 6-8 months and sell at the peak.

However, I do not believe that this dump is caused only by retail investors, but that we are paying the price again by not using Bitcoin in the way we should, but playing with some versions of crypto banks that sooner or later experience the fate of regular banks.

If you are interested in the cause ->link

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June 13, 2022, 09:47:03 AM
 #7

With the price dropping so much, I am seeing a ton of people who are considering selling, and some that literally got out of the market as a whole just because of the drop. I am very sorry to see this, people really do not have any clue how the markets work. I mean crypto has been like this forever, it crashes very very hard, and then goes up very very hard as well. We were literally 7k at the start of 2020, reached nearly 30k by 2021 start, and 68k during 2021 as well, that is a huge huge increase, and nobody talks about how we could have the same thing nowadays, they all talk about how we should leave and "crypto is a scam", thats a sad thing, these people will not be profiting when it goes up.

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June 13, 2022, 09:53:33 AM
Merited by LFC_Bitcoin (1)
 #8

We've been here before, you are just making the whales richer, selling your precious BTC for pennies (crappy fiat). The storm will pass, hodl, or try to accumulate even more BTC, it's a great time to buy for cheap. We will make it this time too. Even if BTC goes down to $15,000 nothing is forever. Remember $20,000 down to $3,000? Been through that storm too. Remember, 1 BTC = 1 BTC. To the Moon!

Hodling is a thing of patience and understanding. With the current downtrend do you think holders that bought high would be able to withstand the trend. I understand that market isn't favourable and surely price will be up again only those who were patient with the wave would sail merrily. Buy as much as you can now!

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June 13, 2022, 09:55:39 AM
 #9

We've been here before, you are just making the whales richer, selling your precious BTC for pennies (crappy fiat). The storm will pass, hodl, or try to accumulate even more BTC, it's a great time to buy for cheap. We will make it this time too. Even if BTC goes down to $15,000 nothing is forever. Remember $20,000 down to $3,000? Been through that storm too. Remember, 1 BTC = 1 BTC. To the Moon!

Inflation and potential market crash on US are the main reason why there's a FUD in crypto. The current FUD that fuel this bear market has a basis, unlike those years that you mention when Bitcoin grow exponentially after the dump was pure manipulative FUD by the news outlet or China. There's a chance that we really go deeper when the economy of US worsens but I'm still hoping that Bitcoin will be the parking space for the money of US investors that want to dodge stock market crashes and hyperinflation. It's either we will see mega dump or pump but this is a high-risk high reward so consider cashing out some of your Bitcoin especially if you need it financially and hold only what you can afford to lose.

There's a perfect opportunity to hold.

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June 13, 2022, 09:57:34 AM
 #10

Buying the dip worked many times before, there is no reason for it not to work again. It probably will. We'll just have to wait for the FED to lower them interest rates again. Sooner or later they'll have to stop raising them and that's going to be the beginning of the next bull market.  The next bull market will bring a new ATH and possibly above $100k and then everybody will able to make up for their losses. You'll just have to be patient like the OP said.




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June 13, 2022, 10:02:13 AM
 #11

In times like this, we're going to see who force capitulates simply because they overly allocated to bitcoin/crypto; with not much fiat to buy (or with no income to use for DCA-ing).

"When the tide goes out, you see who is swimming naked." — W. Buffett

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June 13, 2022, 10:07:10 AM
 #12

What makes BTC precious, except the fact that people were clicking the Ask and accepting the higher prices? If no one wants to accept the Ask, you're left with nothing. Nothing is not precious.
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June 13, 2022, 10:09:52 AM
 #13

With the price dropping so much, I am seeing a ton of people who are considering selling, and some that literally got out of the market as a whole just because of the drop. I am very sorry to see this, people really do not have any clue how the markets work. I mean crypto has been like this forever, it crashes very very hard, and then goes up very very hard as well. We were literally 7k at the start of 2020, reached nearly 30k by 2021 start, and 68k during 2021 as well, that is a huge huge increase, and nobody talks about how we could have the same thing nowadays, they all talk about how we should leave and "crypto is a scam", thats a sad thing, these people will not be profiting when it goes up.
People who already experience ups and downs in BTC will not be persuaded or discourage in holding their BTC longer some will buy at these time to hold more especially if they have capacity to still buy and have other sources of income to rely on their living. But those who only have crypto as their means of living have no choice but to sale than to wait like those whose trading as their job might find it hard to hold longer until the price bounce back so tendency they will sale and mostly those who are new in bitcoin will just give up and considers it as a loss. So, We must know the risk of investing not just in BTC but also in other stuffs its not always up.

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June 13, 2022, 10:15:50 AM
 #14

the price is going down because next gen asics are coming online with lower bottom-line costs for the most efficient miners. meaning some larger investors can afford to mine more rather than just buy. thus buy support declines and 'mine-to-sell' increased.

meaning THEY can sell cheaper. the thing is though, while the hashrate is on the level or going up. that efficiency cant last and cant go down..  that extra hashrate arriving right now =faster blocks=more blocks per difficulty target = increasing the difficulty, which then results in it getting harder for them to mine thus more expensive later.

this balancing act helps keeping the costs from slipping down when hashrate is going up. meaning those asics this week currently able to mine real cheap wont be mining at the same cheap rate in a few weeks and so their costs go up and the less coin they would willingly sell cheaply.

july is a new financial quarter, meaning new electric contracts, new OTC trade contracts which looking at the whole electricity/fuel market of the world will see power costs increase for new contracts. which means demand for a higher sell price even for the bottom-line efficient miners

long term view is we are approaching a bull market soon, how soon is the question(how fast the chain reaction just explained plays out), but all signs are in that direction
..
as for the smaller less efficient miners and home hobby miners.
with residential electric rates going up due to world politics and corporate stuff causing power companies to increase their rates. people that could just about mine wont be mining and find it far far cheaper to just buy coin. again more support for buy markets and less support for sell markets

let the losers that want to lose, lose. let them shed their coin and hand it to those that want to keep it. im not saying let the small guys hand it to big guys.
im saying let the afraid/cheap mining big guys sell their coin to lots of small guys.

the new holders of recently acquired coin will set their cost at this amount. meaning they wont want to sell for less than their acquisition cost anytime soon so they wont be trying to push the sell market, thus less sell pressure.
eventually the sell pressure will fizzle out and more buyers than sellers. meaning the price will start to rise

no one can precisely predict WHEN all these events will happen. but all signs are pointing in the direction that it will.

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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June 13, 2022, 10:16:53 AM
 #15

it's a simple mindset for the market and you give bitcoin as an example.
whales will continue to wait to net even manage to spend bitcoins as the storm continues. The past has made people new to btc devoured by Fuds and they sell assets in a slump and lack of fiat as you mentioned.

whales know the risk of cutloss and they take advantage of free funds to make buying momentum monitored.

not once bitcoin / crypto crash, since 10 years ago even more. it should be a momentum to increase ownership not the other way around

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June 13, 2022, 10:35:30 AM
 #16

It's true that we've been here. If you're new then for sure that no ones to blame if you're ever feeling to panic.

But for us, who have been here during the toughest bear market like in 2018, we know what to do and we just have to chill and if you have money to spend, buy bitcoin.

Being patient is one of the factors that will save you survive this bear and will also help you to be one of those people that will have a good moment when we're back in bull.




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June 13, 2022, 10:59:37 AM
 #17

If there's one bad thing of the falling prices, that's probably the concentration of bitcoins in hands of those who already have a lot. That's only an assumption, and surely there are exceptions (when big institutional investors panic sell), but overall those who have a small amount are also more likely to be able to afford it less, and in bad times might require fiat or might need to have a certain amount of money and can't see the price getting below that. So I wouldn't blame people for selling at a low price point without knowing their circumstances.

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June 13, 2022, 11:10:39 AM
 #18

We've been here before, you are just making the whales richer, selling your precious BTC for pennies (crappy fiat). The storm will pass, hodl, or try to accumulate even more BTC, it's a great time to buy for cheap. We will make it this time too. Even if BTC goes down to $15,000 nothing is forever. Remember $20,000 down to $3,000? Been through that storm too. Remember, 1 BTC = 1 BTC. To the Moon!
If we take an example from the events when bitcoin fell in price from $20.000 down to $3.000, which is almost ~7 times, then in the current situation, bitcoin can fall in price to $10.000. It is not necessary that we will see this and this is not at all a reason for panic. Almost any negative situation can be used for good, and if bitcoin will costs $10.000-15.00, then this will be a great opportunity to buy at a discount. Well, to sell during the fall of the crypto market, it will only fix the losses, make yourself poorer and make bitcoin whales richer. Do you really want this?
 

 

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June 13, 2022, 11:13:13 AM
 #19

The news about the BTC price decreasing is alarming to some people who are new in this industry and they haven't experienced when the time the price was almost hit $2000 a few years ago. For the newcomers, this price today is the lowest and they are now saving as much as they can from their investment by panic selling everything which the benefits will always go to whale for another long time holding. Can't really blame the people who are selling their BTC right now maybe because that's the only money they have to survive but they are causing problems for others as well.

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WIN A LAMBO !

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.PLAY NOW.
Nrcewker
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Building my own Dreams!


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June 13, 2022, 12:25:38 PM
 #20

We've been here before, you are just making the whales richer, selling your precious BTC for pennies (crappy fiat). The storm will pass, hodl, or try to accumulate even more BTC, it's a great time to buy for cheap. We will make it this time too. Even if BTC goes down to $15,000 nothing is forever. Remember $20,000 down to $3,000? Been through that storm too. Remember, 1 BTC = 1 BTC. To the Moon!

Remember the time when you invested in Bitcoins.
Recall the thoughts and expectations you kept while purchasing the Bitcoins.
It’s not late yet, just hold the Bitcoins for a more longer period of time.
Once you have shown faith in Bitcoins, so give it once again.
Rather I would suggest each of one to buy Bitcoins at the current price. It’s like a Mega Sale in the Crypto Business.
Just Buy the Bitcoins now and wait for some months. Then you will be definitely proud on yourselves.

.BEST..CHANGE.███████████████
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..BUY/ SELL CRYPTO..
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