Don't sell your precious BTC to the whales!

[bemmy171998]

They don't usually do that.

[mbe48]

On the other hand, those whales have huge appetites and it is unknown when they will have their bags filled fully. They have been doing since, probably, December 2021 ? Isnt it to long to count price decline as "whales are accumulating as much as possible"? Because they understand they cant get every single Bitcoin on the market. I dont believe this drop is somehow connected with whales, this is just another financial crisis or temporary complicated financial situation on the market.

Hi, I agree with some of your arguments. That the pope understands that the total supply of Bitcoins in the market is limited and has nothing to do with it. One of these declines occurred amid the macroeconomic situation and market concerns over the potential decision of the Fed to raise its benchmark interest rate higher in order to suppress inflation.

[mich]

I must admit it has crossed my mind to sell off just a little bit of my BTC in case the global economy crashes even lower. However, I don’t wanna have weak hands. There’s no point in selling cheap to whales waiting to gobble them up.

I’m lucky that I’m not reliant on my portfolio for my daily expenditures. If I had to worry about putting food on the table then I might make a different choice. But for me I’m a long hold on bitcoin. I really believe in the technology and the value that it brings.

When you really believe in something you can see it through the dark times and find the light at the end of the tunnel. Bitcoin will rebound and reach new heights it just may take a bit of time for the economy to recover before it gets there.

[Betwrong]

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So right now, it is a bit harder for people to think that it will never recover, there are people who sell even today, that think it will recover, but they just want to sell now and buy cheaper later on, so there are more people who know it will recover.

Yep, that sounds right. It's happening not for the first time, there were several similar crashes through the history of Bitcoin. Of course, every time it happens some of us have moments when they think, "What if this time it will never recover?". And it's natural. Folks who never worried of anything have died out on the evolutionary road. So, yeah, we do worry sometimes, but then we turn on rational thinking and start remembering what followed previous crashes, and we understand that saying to yourself, "This time it's for real! This is the end!!!", is kind of irrational.

[darkangel11]

I must admit it has crossed my mind to sell off just a little bit of my BTC in case the global economy crashes even lower. However, I don’t wanna have weak hands. There’s no point in selling cheap to whales waiting to gobble them up.

I’m lucky that I’m not reliant on my portfolio for my daily expenditures. If I had to worry about putting food on the table then I might make a different choice. But for me I’m a long hold on bitcoin. I really believe in the technology and the value that it brings.

When you really believe in something you can see it through the dark times and find the light at the end of the tunnel. Bitcoin will rebound and reach new heights it just may take a bit of time for the economy to recover before it gets there.

It's important that you don't sell at a loss after 70% from the top. If you sold at $40k it's completely understandable. If you sold at 20 it's pretty sad because you've waited all that time and survived all that downtrend from 65k just to sell at the lowest possible level when the chances of a recovery are the highest.

Global recession will mean your fiat money will lose value as well. You can expect 10-20% inflation depending on where you live and at least 20% increase in gas and food prices. Selling bitcoin doesn't mean you'll save yourself from losing money in a recession. People forget that moving their bitcoins to an exchange, paying trading fees, withdrawing fiat to a bank account and paying taxes, all cost you money. By doing so you are not saving yourself from anything, but losing even more money.

[Abiky]

We have been here before that is correct, but there are many newbies and even some members which have been around for only one or two years which have never experimented something like this, so while you are giving the correct advice at the same time I do not think the majority of them are going to listen to it, they will panic and they will sell their coins, even if we know they are selling their coins to the whales they will keep doing so as they simply do not have what it is necessary to hold their coins under the current circumstances.

Newbies really don't understand what crypto is all about. They believe everything is reds and roses, when in fact, that's not really the case. Crypto is not about getting rich quick, but rather about decentralizing money as we know it. Utility is what matters instead of market prices. Believe me, Bitcoin is a lot more than just a currency. It's a movement and a revolution aiming to reduce banks and governments' dominance over the economy for good. After all, trusted third parties really eliminate one's ability to experience true financial freedom.

Most people are into crypto just for the money, so they will never take their time to understand what it's all about. At least, Bitcoin is working as intended. Who knows how far it'll go in the future? Just my opinion

[Xampeuu]

in terms of the value of BTC nothing has changed, but unfortunately as size is fiat, so by converting to fiat, the price will decrease even more when in a bearish situation like today, therefore this is what causes our psychology to be unstable, and causes a bearish season prolonged. but for those who have a clear mind and dare to take risks, then now is the time to start collecting bitcoins, so that later we can reach the time of glory

[MiF]

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 agree on that whales are always waiting for the weak hands to sell and they will buy the dip, in short whales are making money from our fear, while we are so doubtful with the market situation whales are buying and they will soon make money from the panic sellers, so we need to hold strong and let the bear market pass without loss. I believe that we can only loss if we sell at loss so never sell at loss for good.

[lornadane]

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 agree on that whales are always waiting for the weak hands to sell and they will buy the dip, in short whales are making money from our fear, while we are so doubtful with the market situation whales are buying and they will soon make money from the panic sellers, so we need to hold strong and let the bear market pass without loss. I believe that we can only loss if we sell at loss so never sell at loss for good.

Yes I agree because whales will always wait for interesting things like this.
Most whales are looking for new people who don't know much about the bitcoin market situation so that when they feel scared and panicked, they immediately come to be a savior even though in the end we will feel lost without us realizing it.

[CryptoYar]

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

Those who are old in this market they know that this is the time to buy. Whereas new people get upset when they see they've already lost 70% of their wealth, this is what makes them to sell their precious BTC . So if you are investing in crypto you have to be emotionally strong. So that you can go through these ups and downs

Yes I agree because whales will always wait for interesting things like this.
[..]

Whales accumulating for selling at high. As they know buy "the FEAR sell FOMO"

in terms of the value of BTC nothing has changed, ~

Fundamentally nothing changed in bitcoin. It is still the same today, which was bought by people at $69k

[FanEagle]

On the other hand, those whales have huge appetites and it is unknown when they will have their bags filled fully. They have been doing since, probably, December 2021 ? Isnt it to long to count price decline as "whales are accumulating as much as possible"? Because they understand they cant get every single Bitcoin on the market. I dont believe this drop is somehow connected with whales, this is just another financial crisis or temporary complicated financial situation on the market.

I think they have been buying since forever, I remember whales from 2014 era to this day, which means that they have always been wanting something. There is nothing wrong with having money in the market, just do not keep it there for too long.

There are two options in my mind, one is long term (which is what I am doing) and buy and hold for a long time, but at the end of the day you would have to make sure that you will not need that money, because if you ever need it when it is down, you will make a loss. Second is trading very quickly, like literally buy from the market price and sell from the market price, that is the way to go, because that means you will not be letting others see your money and take advantage accordingly.

[Retiicle]

I can see a lot of panic selling happening in the market these days. The obvious reason is the falling value of bitcoin. But if you take a look at the whales, you will see that they are keeping their bitcoins because they know that it will bounce back. And it’s obviously not a smart move to sell bitcoin when it’s falling in price.

[TheUltraElite]

I can see a lot of panic selling happening in the market these days. The obvious reason is the falling value of bitcoin. But if you take a look at the whales, you will see that they are keeping their bitcoins because they know that it will bounce back. And it’s obviously not a smart move to sell bitcoin when it’s falling in price.

Panic selling or proper selling, being sold at a lower price than buy is a loss for anybody. Currently the market is in the downtrend, it might be possible someone bought at even lower and is still in profit while selling, but this would not be the case for majority of the users in the world.

Whales are doing things that we commoners dont even know about, so lets not comment on that.

What we can do is to wait for the price to stabilize and then buy. Selling does not mean it is wrong, it depends on what price you bought at. If someone feels that the price will not go back up again, then its their choice to sell at a loss.

[BitcoinPanther]

On the other hand, those whales have huge appetites and it is unknown when they will have their bags filled fully. They have been doing since, probably, December 2021 ? Isnt it to long to count price decline as "whales are accumulating as much as possible"? Because they understand they cant get every single Bitcoin on the market. I dont believe this drop is somehow connected with whales, this is just another financial crisis or temporary complicated financial situation on the market.

Well, that simply shows how these whales are very comfortable with the Bitcoin Market.  This means they trust that the Bitcoin market will recover so they need to accumulate as early as possible and with every price dip.  On the other hand, there is the possibility that whales can actively manipulate the price drop by simply selling at a loss and then accumulating at the bottom in order to reverse that loss into a profit.  Someone did this in the previous year, selling a huge number of BTC, then rebuy at the dip and ending up with millions of dollars in profit plus more BTC.

[kensaii]

I can see a lot of panic selling happening in the market these days. The obvious reason is the falling value of bitcoin. But if you take a look at the whales, you will see that they are keeping their bitcoins because they know that it will bounce back. And it’s obviously not a smart move to sell bitcoin when it’s falling in price.

Panic selling or proper selling, being sold at a lower price than buy is a loss for anybody. Currently the market is in the downtrend, it might be possible someone bought at even lower and is still in profit while selling, but this would not be the case for majority of the users in the world.

Whales are doing things that we commoners dont even know about, so lets not comment on that.

What we can do is to wait for the price to stabilize and then buy. Selling does not mean it is wrong, it depends on what price you bought at. If someone feels that the price will not go back up again, then its their choice to sell at a loss.

Seeing how Micro Strategy and El Salvador's recent purchases, I think even whales start feeling the heat of it. They've bought such a little amount of BTC even though it was at such a low price compared to their earlier DCA. From that, I think most people who sell at a loss here think it will go lower so they better sell it now and wait for a lower price, earning a margin profit plus their BTC back.

[Minor Miner]

Am still suprise whenever I see people panic and sell their bitcon, we all know that bitcoin will definitely bounce back so why panicking and selling at lost, the current bear market gives everybody opportunity to buy more bitcoin and hold the once they are having already. The only people I believe they should even panic are the newbies that have not witnessed bear market before, but if you have witnessed bear market I believe you shouldn't panic and to the newbies my advice for everyone is not to sell you coin at lost, hold and definitely it will bounce back and you will smile later just hold.

The panic people are newbies, they haven't been here during previous bear seasons, so it's understandable that they were worried and panicked.
We used to be like them, used to panic like them, but just go through a bear season, they will change.  Simple action now just don't sell anything and hold steady and then will be great reward we will get. For us it was, but for the newcomers it was an inner battle with them.

[Gosgosking]

Whales will always buy bitcoin in every dip bitcoin goes , whales knows the secret of becoming rich in bitcoin, that is why they see every dip as an opportunity to buy bitcoin.  We need to learn from the whales and see reasons why they buy bitcoin in every dip. It is better to hodl now than to sell bitcoin to whales at loss.

[Japinat]

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!

That goes out for all those who have forgotten and force to sell their bitcoin because they become more triggered that they won't be making money at all. When the fact is, everyone who sell at a bearish state only end up selling to acquire more losses. But for those who never doubted bitcoin and continue to hold for long term, they mostly end up as winners as they know history will keep on repeating and it always settle with bitcoin price to the moon.

[Russlenat]

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

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.

Thank you for the encouragement OP, but it does not change the fact that all panic sellers will only end up regretting in the end, as they fail to realize that bitcoin will not stay always on the top, but it also falls down to pave way for more bigger opportunities for us to earn and build wealth. And that's something that whales have in mind, to shake the market so that all those weak hands are going to sell and they will be happily buying their cheap bitcoin, something that newbies should learn to ponder.

[kelonmusk]

Yep, keeping assets in a bear market will provide high profits, especially if we add our assets when the price drops even deeper because after all the prices that occur in Bitcoin as long as the community is still very large and the regulation on crypto is not too tight then it's very worth it to stay afloat, so don't sell cheap because this moment is almost the same in the 2018 era.