Don't sell your precious BTC to the whales!

[EdenHazard]

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.

Those people who doesnt know the bitcoin cycle is real and have not experienced a satisfying ride ... a 100 fold growth of investment and so on.
Things feel like a miracle for those who keep putting the faith and get the happy ending.

Selling meaning a bad ending , that's all.

[asimi.io]

I'm sure that you are holding BTC from a long time and for sure you are fully pumped and motivated. Its good thing that in such bad crypto crash, you are fully motivated. Bitcoin will go massive soon

[TheUltraElite]

-snip-
Selling meaning a bad ending , that's all.

Selling at the wrong time would mean a bad ending. There are times to sell which is when the market is rising and not selling during that time is a loss.

One must understand that in order to sustain trading in this market, they must buy at the low and also sell at the top. Not doing both or skipping one will lead to frustration and stagnancy in the trader's mind which leads to bad incidents.

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.

For newbies entering the market this is important to realize. That the bull and bear cycles are continuous and taking advantage over both is necessary to be the proper trader. There is a lot of FUD and bad speakers in the market, but the reality is that bitcoin always bounces back, it is just a matter of time.

[ChrisPop]

It is all about mindset. Investing is not a social game. Do your own diligence and come with your own decision and strategy. Do not buy and sell based on emotions generated by price fluctuations. That's the worst game you can play. You can include sentimental analysis of the market in your strategy, but do not make decisions on your own emotions.

Remember why you have chosen to buy and hold BTC in the first place.

[qwertyup23]

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!

This is the general rule but in reality, it is easier said than done.

Some of the investors who put their investments into BTC at least invested hundreds to thousands of dollars. This implies that the slightest movement in its price could mean a profit/loss on their part. But if an investor would put that amount of capital, they must have a contingent plan and a goal on their investments.

But in all honesty, I agree with you- BTCs are inflationary in nature. They are too precious to be sold especially that its price are relatively low in the market.

[KaliLinux]

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!

This is the general rule but in reality, it is easier said than done.

Some of the investors who put their investments into BTC at least invested hundreds to thousands of dollars. This implies that the slightest movement in its price could mean a profit/loss on their part. But if an investor would put that amount of capital, they must have a contingent plan and a goal on their investments.

But in all honesty, I agree with you- BTCs are inflationary in nature. They are too precious to be sold especially that its price are relatively low in the market.

I hear what you are saying and agree with you too but I would have believed that any investors that want to invest some huge amount in Bitcoin should understand how the market operates and like you said, we have seen the most recent 2017's $20k price down to $3k+ and back to a new ATH of $69k but the problem is as I must have mentioned before, most are not investors but traders and they react quickly to almost every price change cos a real investor would know better not to sell during bears but try to accumulate more. 

[Abiky]

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.

Exactly. Those who panic sell are usually newbies who haven't experienced a bear market before. They've just got into crypto when the market was bullish thinking they would make a quick buck. Once they see everything going down the drain, they will sell believing crypto will die for good. We used to be in the same situation, but then we've changed our mindset after every bear market. Crypto was in a much worse situation a few years ago, so there's no reason to be alarmed.

For what I know, the bear market (as usual) is only temporary. It's the perfect time to buy coins at a discount to sell then once prices go back up again. I'm in no hurry to see Bitcoin and other cryptocurrencies reaching new All-time-highs in price as long as their purpose is fulfilled. Whales will always accumulate, but it's important to never sell your BTC (unless you really need to) at such low prices. By doing so, you will only make the rich even richer in the long term. As long as you don't put all of your life savings into Bitcoin, you'll have nothing to worry about. Just my opinion

[gabbie2010]

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.

It's a pity that because of fear and emotions some weak hodlers falls for the whales tricks, they panicked and sell due to the falling price of bitcoin which fell to hands of the whales, historically price of bitcoin always bounce back no matter how dip the price this is fact any new investors or newbie should be aware of, price of bitcoin dipped to $17K+ yet it bounce back to $21K+ now gradually and slowly the bullish sentiment will resume while those who sold their coins to the whales at a loss will have a cause to regret their actions having watched the price rallied up just within some days.

[trendcoin]

The only place Bitcoin can be sold is at the ATH level. Because you can buy back the Bitcoin you sold at the ATH level at lower prices. But we are not at ATH level today. We are 70% below the ATH level. Selling Bitcoin at these levels and buying Bitcoin at a lower price is not an easy task and carries great risks.

Also, I've been reading news everywhere these days that goddamn whales are stocking up on more Bitcoins. I agree with OP. Bitcoin may be valuable to not be sold these days.

[Botnake]

The only place Bitcoin can be sold is at the ATH level. Because you can buy back the Bitcoin you sold at the ATH level at lower prices. But we are not at ATH level today. We are 70% below the ATH level. Selling Bitcoin at these levels and buying Bitcoin at a lower price is not an easy task and carries great risks.

I wish people gets educated and will not invest during the bull run, instead they will find the bear market the best time to invest.
Also, I wish we are not greedy so we can sell at a high price, it doesn't matter if it's not the ATH, as long as we get a good profit, we should learn to be satisfied.

Divide investing into long term and short term, and don't forget to accumulate during bear market.

Also, I've been reading news everywhere these days that goddamn whales are stocking up on more Bitcoins. I agree with OP. Bitcoin may be valuable to not be sold these days.

It does not need to be in the news, it's already given, when the market had a huge dump, whales will alway take advantage on that.

[ven7net]

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 think you are right, but everyone should approach this for themselves and deliberately. One way or another, the BTC market has already seen many falls and a flight to the moon, which, as it were, shows that those who know how to wait will definitely be able to earn, but you should understand that not everyone can wait a long time seeing how his asset decreases in price. Indeed, this is a very difficult process, I mean wait, but if you see the goal and are willing to take risks, then you are the one who should keep BTC on and wait for the next flight to the moon.

[danadc]

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.

Those people who doesnt know the bitcoin cycle is real and have not experienced a satisfying ride ... a 100 fold growth of investment and so on.
Things feel like a miracle for those who keep putting the faith and get the happy ending.

Selling meaning a bad ending , that's all.

For me it is a bearish cycle, but this is normal, all markets have those cycles, the bearish and the one that represents the bullish, we can talk about it being able to recover and reach a good price, but it can also drop in price, that is normal because many are waiting for it to rise to sell and make a profit, it's a poor thought, I think the rich think of selling but not less than 100,000 dollars, I think a millionaire can have that as his first goal.

[ingiltere]

I'm sure that you are holding BTC from a long time and for sure you are fully pumped and motivated. Its good thing that in such bad crypto crash, you are fully motivated. Bitcoin will go massive soon

People who are in this forum for a long time know how the game works so they don't panic like average joe. We all know Bitcoin will go up again, we just need to be patient and by that time accumulate as much coins as we can. In this ten years time we've seen everything that will affect the price, from pandemic to wars, economic crisis to drought. In the end Bitcoin always go up again as it should. That's why people are so relaxed here and tell newbies to know the value of their precious coins. The worst thing is to sell at the dip. Everybody can do this mistake but after a couple of times you should've learnt your lesson. Don't repeat same mistakes.
I find this thread positive to draw attention to this. Even though the same words are repeated, we always see how people make the same mistakes. It would be a pain to sell at the bottom, especially on the Bitcoin forum with too much information on your hand.

[tygeade]

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.

It's a pity that because of fear and emotions some weak hodlers falls for the whales tricks, they panicked and sell due to the falling price of bitcoin which fell to hands of the whales, historically price of bitcoin always bounce back no matter how dip the price this is fact any new investors or newbie should be aware of, price of bitcoin dipped to $17K+ yet it bounce back to $21K+ now gradually and slowly the bullish sentiment will resume while those who sold their coins to the whales at a loss will have a cause to regret their actions having watched the price rallied up just within some days.

I agree, it is definitely an unfortunate event that makes them lose money to people who already do not need money. People who are poor, and do not know how the trading game works, end up losing the very few they already have, the money they need so much, and the millionaires and billionaires end up getting that few thousand dollars from tens of thousands of people during this period, and turn that into even more billions of dollars worth of profit.

The whole point of bitcoin was to create a playing field that was leveled. Instead of that, we got ourselves another market where the rich would take the money of the poor and that results with this current situation instead.

[Gosgosking]

The mistake I made when I started investing bitcoin newly, I quickly sold out then when bitcoin went dip because of fear of losing. But right now u have learnt my lesson that selling during the dip is not the best decision,  doing that one is just helping some investors to become rich, they know buying during the dip is a great opportunity.

[amishmanish]

Whales are backed by team of analytics, they have best resources at their disposal and they know keep the price dropping till they empty our pockets and then make huge profits. Hedging their own new versions of shitcoin against true bitcoin, Which will by than become hallmark standard of crypto 

[Jancuki]

The mistake I made when I started investing bitcoin newly, I quickly sold out then when bitcoin went dip because of fear of losing. But right now u have learnt my lesson that selling during the dip is not the best decision,  doing that one is just helping some investors to become rich, they know buying during the dip is a great opportunity.

You should start learning to control your emotions for the future, as we know that price movements can indeed happen that we would not expect. And back to your initial goal for investing, if the goal is for the long term, I think your action on this one is not right. Let's keep learning and focus on getting better, friends.  

[GigaBit]

Buying bitcoin you have noting to loss even If the price goes down a lot after purchase, you are still a bitcoin holder. But whenever you sell that asset, it's a matter of whether you make profit or loss. However, the volatility of Bitcoin can make any investor worried. So it is better to make a decision by analyzing the judgment from the previous experience. Remember when you sell BTC someone else is buying it. Blue whales usually wait for that opportunity.

[DaMut]

It's a game of patience? If only many will be patient and don't sell cheaply then they will reap the fruit. If you didn't take profit earlier I think now you should just hodl and buy more if it dips. BTC will be back up.

[virasisog]

There are just unexpected situations that happen where investors are forced to sell their Bitcoin for their personal use. Holding will be the best thing to do for now. As much as possible and as long as we could have more patience, it will be better to hold our Bitcoin so we'll make a profit when the market recovers or when the bull run approaches. It's the right season for buying and holding.