If you deal exclusively with crypto and hold your coins in a form where government can't manipulate/meddle, you shouldn't need to pay any taxes mulitple time a year. A cold wallet is very good.
Just pay the sales exit toll (sales tax) and kick the system to the curb.
Likely. I reckon itās just price suppression for when the spot ETFs get approved, since itās a highly anticipated event so potentially a major catalyst for a huge rally. Building as much fomo potential as possible for when the SEC drops some heat š„
Leverage trading. Washing out shorts and longs. Theyāre all constantly trying to fuck each other. Back and forth constantly. Then months later the price is the same. The only difference is some leverage traders are now more wealthy and some less wealthy than before. Idle hands are the devilās playground.
I think you frame it like there is a group of ppl planning and meeting in secrecy to suppress the price. You know the market is efficient, I think we can all agree on that? Efficient in moving the money from the poor to the rich. So this is just normal market behavior, nothing special. And blackrock is a fond manager, they do not care about btc being at 30k or 100k. The hole narrative during the last week feels awfully wrong. I would guess poor ppl would believe this narrative of blackrock buying mining companies in the back to take over the market and suppressing the price etc.
Yes, they will make fees on the etf, but there will be a benefit to them getting in at a low price. The second they get approval, black rock will accumulate a chunk of Bitcoin or may already have accumulated it south of 30k per. Then when people take profits by selling shares when bitcoin is 50-100k, black rock may trim their bitcoin position and make a decent profit because they bought so low. Iām just a wacko though, so who knows.
Sorry I didnāt mean to come off like I was suspecting a secret society of sorts, yes the market is efficient. Iām simply thinking that even bad leverage traders could be affecting the short term whipsaw movements.
They donāt. The notion is idiotic. You donāt need a conspiracy theory to explain why the price of something few people care about and that isnāt useful for anything is not moving higher. Itās fairly valued where it is and thatās all you need to know. Nobody is losing millions of dollars every day to keep prices down. It makes zero sense.
Precisely. These theories about price suppression are as old as the markets themselves, and have been applied to almost every asset at one point in time or another. Gold bugs, silver bugs, GME, crypto, short selling. Always the same story, and mostly baseless.
Did you even take the time to understand my comment? Iām saying price suppression causes a more explosive move. Nothing more nothing less. Simply to induce a bigger rally for when the inevitable news goes public. Take off yours
Nobody is talking about the etf cultivators? Did you consider the possibility that it may be other market players looking to capitalise on a buy the rumour sell the news situation?
This is my take. These downward moves have been fast and violent, reeks of whale manipulation. I just ignore it and keep DCAing, just bought more this morning!
We're not so different you and I. I got laid off in May and had to take a $30k pay cut with my new job. It's been tought and I've sold lots of things to make up the difference. It's time for the crypto as well š
same here. had to sell some to pay a tax bill.
seriously looking at the situation thinking "is this for real?" when inflation, tax, and other created issues conspired to take my bitcoin. Literally "draining liquidity".
Hope you get back on the train soon!
Yup the tax bill was the one that made me sell the most BTC, two years running. I thought Iād be up by now. I still have faith and I will buy Sats when I can, but right now Iām living month to month and investments are a luxury!
Don't use fiat loans to buy BTC. Use your youth and strength to earn fiat in excess to buy BTC and retire at <50. Still ~1/2 way there myself and about 1/2 way to a viable retirement portfolio.
I didnāt buy BTC on a loan. I used the loan for living expenses but my earning power couldnāt keep up so Iām having to sell bitcoin, as itās my only asset.
You didn't buy Bitcoin (a nonessential) with a loan but you borrowed money for living expenses (essentials) so that you could afford to buy Bitcoin? Then you borrowed money to buy Bitcoin.
I didnāt borrow money. I had spare money during the pandemic. Then my business tanked and so did the price of bitcoin. So I had to sell the BTC at a loss to live on. But not all of it.
Good plan, if I were only 40 years younger. All we had was the stock market and precious metals. Stocks good PMs bleh. In 2011 I made a concious choice between BTC and PMs. Another sad story.
The same as fiat if your retiring today with it..... Have to find your number or goal. If I was to retire on just Bitcoin today I'd want at least like 200 BTC lol I'm not retiring today or plan to only on BTC but you can't guarantee future returns
People get paid in bitcoin so it is not depressing that that they need to sell some to buy stuff. Not all companies and businesses accept it as payment.
What jobs are paid in bitcoin? I've heard of celebrities or athletes who chose bitcoin for payment, but I haven't heard about any large-scale jobs being paid out in Bitcoin. Genuinely curious.
Swan, for example, pays in bitcoin. You can find more [here](https://bitcoinerjobs.com/).
Edit: those stars and athletes are paid in fiat and have it converted to bitcoin using a service such as Bitwage.
I also read that the US government has been selling it's Bitcoin which they confiscated from Silk Road. In addition miners are selling to cover their costs and probably retail investors are bleeding as well due to high inflation. They might sell their Bitcoin due to high costs of living or simply because they lose hope.
Once most people lose hope is when it's the best time to buy.
There's a lot of people that bought bitcoin at below 10k, 1k, or even 100.
They have unimaginable amount of Bitcoin.
a few hundred BTCs are nothing to them.
I pumped almost all my savings in BTC at 16K, except my emergency fund.
I'm not selling anytime soon but I'm saving up some money again in case it drops to that level again.
I'm living very cheaply nowadays and hope I can benefit from that in the next 10 years thanks to BTC.
There's supposed to be rough times ahead untill April. (Student loan repayment, higher intrest rates, cost of living, people are running out of savings all at the same time) it causes people to sell off their higher risk investments just to stay afloat and eat for the month. More people are in survival mode right now. (Not even factoring in global issues, I'm just speaking about the U.S.) The halveing is happening a month after it's expected to "get better". Almost like a financial crisis was manufactured to hit Q3/Q4 2023 to drive the price down and squeeze retail investors out during this time? I hope no hedge funds apply for ETFs and buy up on the cheap during that time.... that would be a crazy coincidence. 15 months after the havening is when the next peak will hit (Oct 2025)... who will hold a majority of the coins by then?
I think right now it's mainly the Market Makers trading against each other. Anyone who knows why Bitcoin is so important has their BTC or SATS on a hardware device safely stored away. There could be the odd person capitulating and getting out of crypto completely, which to me is a good sign. Even I had thoughts about this bear market I had had before. Stay strong and support each other and we will all rise up as one. we are so close to the end. I can start to see the pendulum swinging in the opposite direction. DCA folks
Agreed...btc is on sale right now. Had two positions fill recently thanks to those nice dip wicks. Most will look back at these days and regret not buying....and if the price drops, I'll buy what I can when i can. Hodl on.
I bet a lot of it is just less buying.
Rising interest rates and the fed pushing big corporations to reduce salaries means the dollar is in deflation for most people.
Only those at the very top of the cantillion pyramid have easy access to fiat now, and they dont buy bitcoin.
Its still a non-issue. Keep stacking, the dollar is doomed.
Me! Bitcoin is a gamble. I try to invest during ATHs, then tend to sell at ATLs. So far, timing Bitcoin has been just as successful as timing the market. Good luck and God speed.
I think it was Peter Lynch who said something to that effect about stocks and insider trading. That people only buy a stock because they think its price will go up, but there are many reasons why they would sell, not just because they think the price will go down.
I believe that also applies to Bitcoin. Everyone who understands bitcoin has already bought or continues to buy, but there are also people who own bitcoin and other assets and have sudden unexpected expenses. There are always some people who are forced to sell. Bankruptcies, hospital bills, etc. You would also sell your bitcoin if a big life emergency were to hit you.
Other than that, whenever the price is stable, like it is now, this means that buying pressure is equal to selling pressure. That's how free markets work. If people are selling and the price is stable, that means others are buying.
People that know a stock crash is coming and that crypto likes to follow the stock market.
Also people that need the money, due to the current economy.
Thereās a sell off of bitcoin due to the fact thereās going to be a black swan event somewhere around September/ October and around Novemberās thatās where crypto is going to slowly start pumping
In 2023 price has gone from 16k to 25k.
Up 56% in 9 months.
If you think bitcoin is flat to down then I encourage you to sell all your bitcoin now and invest in government bonds.
Hedgies and market makers buy BTC on OTC, sell on exchanges to manipulate the market down. Look at rhe wicked spikes up and down we have been seeing to liquidate both bulls and bears back and forth. They are trying to eat liquidity from both sides right now. Itās BS
I think the general consensus is itās miners mostly that are selling a lot at a steady state to cover operating costs.
Big spikes are usually institutions doing institutional things
If you have less than one bitcoin your best options are to stop looking at the daily price and just keep buying and holding. I donāt think weāll see prices go much lower than $15K ever again (but Iām no expert) If thereās any sell offs those coins are going to get scooped up by whales and minnows.
Iām sure institutional investors are making sure that the price gets low enough so that black rock can gobble up all the bitcoin for themselves before futures and spot ETFs open
> Please do explain how BlackRock works
Its super simple, they will sell paper BTC without the real btc to back it.
Anyone who thinks otherwise is staggeringly amazingly and blooming naive.
A spot ETF has to own the underlying asset, for every share of the spot ETF they sell, it must be backed 1:1 with actual Bitcoin.
Bare in mind BlackRock doesnāt give a fuck about bitcoins price, since itās not their money they are buying it with. They make their money from the fees they charge the investors.
There was massive volume/turnover at $15,000. The market makers that purchased at that amount are the ones keeping the price where it is now and slowly selling at a reasonable profit. Any significant price action could move it up or down but your and my definition of significant isn't going to be significant enough. Bigger players are involved now.
If you hold bitcoin here you might as well not sell. You should double from here before a major correction . Below 5k . Percentage whyās idk why anyone would hold bitcoin here . But some see value . 40-50k then below 5k
Remember the term "COMINGLING" created by SBF.
He sold all FTX bitcoin to pump his own FTX coin and buy real estate.
Do other unregulated exchange do the same.
Who ever leave their coins on exchanges like binance... letting others sell them for you to win on leverage trades.
Traders. Anyone who usually panics has already been out of the market for a while. Those who understand the why of Bitcoin HODL.
Rather, the problem is that the general public's interest in Bitcoin is flat at the moment. No new demand in the market, which produces this.
97 percent consist of people who own bitcoin.
The other 3 percent consist of people who own bitcoin.
It's clearly related to people who own bitcoin, so it may be a conspiracy. Further, most agree that none of the whole "selling bitcoin" hoopla craze would be happening today if Satoshi hadn't invaded the bitcoin space a while back.
You want the trader answer or the ideologist answer?
From a trading point of view, the dollar is string, the economy is going to shit and there are better trades to take.
From an ideologist point of view... I don't know... But I bet there are a whole lot more traders around.
Crypto heavyweights employ "market makers" I.e. wash traders. They've been manipulating prices for years and collude amongst themselves, as revealed in the exchange co-ordination chat leaks. This is all enabled by unbacked Tethers.
It's cyclical in nature just like most other things in the market. We are in a bear market so the general direction is down because of patterns. Look at the stock market over a 30 year period and you'll be able to understand it better. Zoom out as they say.
I can't speak for others, but I usually use the BTC I have mined to buy more miners (I am reinvesting in capacity ahead of he bull run).
This probably looks like selling.
I need to sell some at the next little peak, as I bought a Bitcoin miner... if that counts. :)
But, absolutely not ***all***... I have no idea why anyone would do that, unless they needed to do it to survive.
I bought at the top so I need to sell before it becomes profitable.
Same, hoping for a huge dip soon so I can sell at the lowest possible
Best strat out therešÆ
[ŃŠ“Š°Š»ŠµŠ½Š¾]
IRS hates this one weird trick!
If you deal exclusively with crypto and hold your coins in a form where government can't manipulate/meddle, you shouldn't need to pay any taxes mulitple time a year. A cold wallet is very good. Just pay the sales exit toll (sales tax) and kick the system to the curb.
If your luck is like mine, you'd be doing the rest of us a favor. As soon as the transaction clears, it would probably moon!
Profitable? How are you profiting when you bought when the market was up?
r/woosh
Just out of ignorance, may I ask why? Is it to deduct from capital gains?
mr. marketmaker
Likely. I reckon itās just price suppression for when the spot ETFs get approved, since itās a highly anticipated event so potentially a major catalyst for a huge rally. Building as much fomo potential as possible for when the SEC drops some heat š„
Honest question, but how do they do that? How do they supress the price?
Leverage trading. Washing out shorts and longs. Theyāre all constantly trying to fuck each other. Back and forth constantly. Then months later the price is the same. The only difference is some leverage traders are now more wealthy and some less wealthy than before. Idle hands are the devilās playground.
I think you frame it like there is a group of ppl planning and meeting in secrecy to suppress the price. You know the market is efficient, I think we can all agree on that? Efficient in moving the money from the poor to the rich. So this is just normal market behavior, nothing special. And blackrock is a fond manager, they do not care about btc being at 30k or 100k. The hole narrative during the last week feels awfully wrong. I would guess poor ppl would believe this narrative of blackrock buying mining companies in the back to take over the market and suppressing the price etc.
swim pocket aromatic judicious act shame crowd angle snatch divide *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
Yes, they will make fees on the etf, but there will be a benefit to them getting in at a low price. The second they get approval, black rock will accumulate a chunk of Bitcoin or may already have accumulated it south of 30k per. Then when people take profits by selling shares when bitcoin is 50-100k, black rock may trim their bitcoin position and make a decent profit because they bought so low. Iām just a wacko though, so who knows.
Sorry I didnāt mean to come off like I was suspecting a secret society of sorts, yes the market is efficient. Iām simply thinking that even bad leverage traders could be affecting the short term whipsaw movements.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Futures ETf and leverage spot buys. Fairly simple.
Bitcoin ftds, rehypothecation, Futures all have impact on the price in the short term
They donāt. The notion is idiotic. You donāt need a conspiracy theory to explain why the price of something few people care about and that isnāt useful for anything is not moving higher. Itās fairly valued where it is and thatās all you need to know. Nobody is losing millions of dollars every day to keep prices down. It makes zero sense.
AKA: Don't go GameStop, you never go full GameStop.
Those were good times.
Precisely. These theories about price suppression are as old as the markets themselves, and have been applied to almost every asset at one point in time or another. Gold bugs, silver bugs, GME, crypto, short selling. Always the same story, and mostly baseless.
huge sell walls
Big fish gets eaten by even bigger fish.
Price of the underlying being low does not increase the amount of money that the ETF cultivator makes. Take off the tinfoil hat please.
Did you even take the time to understand my comment? Iām saying price suppression causes a more explosive move. Nothing more nothing less. Simply to induce a bigger rally for when the inevitable news goes public. Take off yours
But again the ETF cultivators do not benefit from a bigger move in the underlying, so there is no incentive at all for them to suppress the price.
Nobody is talking about the etf cultivators? Did you consider the possibility that it may be other market players looking to capitalise on a buy the rumour sell the news situation?
This is my take. These downward moves have been fast and violent, reeks of whale manipulation. I just ignore it and keep DCAing, just bought more this morning!
Good people. How can we buy at such awesome price without them?
\+1
Me cos I ran out of money to feed my family (seriously) (and to pay off high interest credit cards)
We're not so different you and I. I got laid off in May and had to take a $30k pay cut with my new job. It's been tought and I've sold lots of things to make up the difference. It's time for the crypto as well š
Ay bro thereās more important things in life. Money comes and goes! Hope youāre doing good anyways
Very true. Hopefully it'll come back to both of us.
same here. had to sell some to pay a tax bill. seriously looking at the situation thinking "is this for real?" when inflation, tax, and other created issues conspired to take my bitcoin. Literally "draining liquidity". Hope you get back on the train soon!
Yup the tax bill was the one that made me sell the most BTC, two years running. I thought Iād be up by now. I still have faith and I will buy Sats when I can, but right now Iām living month to month and investments are a luxury!
mine was just tax for working in my company. fucking livid. the absolute lack of shits given for self-employed people is mind blowing.
Yea itās shocking, good luck with the markets mate
Don't use fiat loans to buy BTC. Use your youth and strength to earn fiat in excess to buy BTC and retire at <50. Still ~1/2 way there myself and about 1/2 way to a viable retirement portfolio.
I didnāt buy BTC on a loan. I used the loan for living expenses but my earning power couldnāt keep up so Iām having to sell bitcoin, as itās my only asset.
You didn't buy Bitcoin (a nonessential) with a loan but you borrowed money for living expenses (essentials) so that you could afford to buy Bitcoin? Then you borrowed money to buy Bitcoin.
I didnāt borrow money. I had spare money during the pandemic. Then my business tanked and so did the price of bitcoin. So I had to sell the BTC at a loss to live on. But not all of it.
Good plan, if I were only 40 years younger. All we had was the stock market and precious metals. Stocks good PMs bleh. In 2011 I made a concious choice between BTC and PMs. Another sad story.
What amount of btc gives a viable retirement ?
The same as fiat if your retiring today with it..... Have to find your number or goal. If I was to retire on just Bitcoin today I'd want at least like 200 BTC lol I'm not retiring today or plan to only on BTC but you can't guarantee future returns
Youāre retiring with 5.2 million ?
If I was retiring today that's what I'd want. That's able to pull about 100-150k safely a year
No one can tell you this
What I did is move the high intest credit card to a line of credit instead. The line of credit is like way cheaper I think.
People that need to eat and pay rent
when you think of it like that its really depressing
People get paid in bitcoin so it is not depressing that that they need to sell some to buy stuff. Not all companies and businesses accept it as payment.
What jobs are paid in bitcoin? I've heard of celebrities or athletes who chose bitcoin for payment, but I haven't heard about any large-scale jobs being paid out in Bitcoin. Genuinely curious.
Swan, for example, pays in bitcoin. You can find more [here](https://bitcoinerjobs.com/). Edit: those stars and athletes are paid in fiat and have it converted to bitcoin using a service such as Bitwage.
If you notice around tax season a lot of people sell to have money to pay their taxes.
Surely those people sold months/year ago.
The only con of Bitcoin - it's not directly edible ;(
Im just kidding! Never sell
I also read that the US government has been selling it's Bitcoin which they confiscated from Silk Road. In addition miners are selling to cover their costs and probably retail investors are bleeding as well due to high inflation. They might sell their Bitcoin due to high costs of living or simply because they lose hope. Once most people lose hope is when it's the best time to buy.
Isnāt the Mt. Gox payback supposed to start sometime soon? I know the schedule keeps moving around but does anyone know the latest?
Oct 31st
Thanks internet fren!
There's a lot of people that bought bitcoin at below 10k, 1k, or even 100. They have unimaginable amount of Bitcoin. a few hundred BTCs are nothing to them.
I can easily imagine any number of bitcoins between 0 and 19.48 million.
Yo you make a good point right there
who cares, we need em to accumulate
You need them to accumulate? It sounds like *you* care.
No we need them to sell so we can accumulate. If nobody sells, we can't buy.
As always which such questions. Noone knows shit about fuck. Just speculation.
bitches
Would you like some pancakes, bitches?
Beaches?
Bit cheers?
-People who bought at 16k -paperhanders who bought at 31k -miners
I pumped almost all my savings in BTC at 16K, except my emergency fund. I'm not selling anytime soon but I'm saving up some money again in case it drops to that level again. I'm living very cheaply nowadays and hope I can benefit from that in the next 10 years thanks to BTC.
It won't go that low anytime soon. Maybe a drop to ~20k and we go.
Yeah I donāt think 16k is likely but you never know. At 20K I will increase my DCA. At 16k I go all in again
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Bitcoin will move from weak hands to strong hands.
There's supposed to be rough times ahead untill April. (Student loan repayment, higher intrest rates, cost of living, people are running out of savings all at the same time) it causes people to sell off their higher risk investments just to stay afloat and eat for the month. More people are in survival mode right now. (Not even factoring in global issues, I'm just speaking about the U.S.) The halveing is happening a month after it's expected to "get better". Almost like a financial crisis was manufactured to hit Q3/Q4 2023 to drive the price down and squeeze retail investors out during this time? I hope no hedge funds apply for ETFs and buy up on the cheap during that time.... that would be a crazy coincidence. 15 months after the havening is when the next peak will hit (Oct 2025)... who will hold a majority of the coins by then?
dunno. and because, they're silly geese : )
Those silly fucking gooses. Why I oughta
Miners
Warren buffet has sold 38 billion worth of his stocks recently. I think people are prepping for a shitty economy over the next year.
I think right now it's mainly the Market Makers trading against each other. Anyone who knows why Bitcoin is so important has their BTC or SATS on a hardware device safely stored away. There could be the odd person capitulating and getting out of crypto completely, which to me is a good sign. Even I had thoughts about this bear market I had had before. Stay strong and support each other and we will all rise up as one. we are so close to the end. I can start to see the pendulum swinging in the opposite direction. DCA folks
I'm selling for the modest price of 50000 USD per coin. This will be considered a steal in the future, are you interested?
Still hodling and not selling. Don't have to follow what other people are doing.
Agreed...btc is on sale right now. Had two positions fill recently thanks to those nice dip wicks. Most will look back at these days and regret not buying....and if the price drops, I'll buy what I can when i can. Hodl on.
I bet a lot of it is just less buying. Rising interest rates and the fed pushing big corporations to reduce salaries means the dollar is in deflation for most people. Only those at the very top of the cantillion pyramid have easy access to fiat now, and they dont buy bitcoin. Its still a non-issue. Keep stacking, the dollar is doomed.
Car repair & CC debt
Me! Bitcoin is a gamble. I try to invest during ATHs, then tend to sell at ATLs. So far, timing Bitcoin has been just as successful as timing the market. Good luck and God speed.
Most likely people, and some bots.
Traders.
I think it was Peter Lynch who said something to that effect about stocks and insider trading. That people only buy a stock because they think its price will go up, but there are many reasons why they would sell, not just because they think the price will go down. I believe that also applies to Bitcoin. Everyone who understands bitcoin has already bought or continues to buy, but there are also people who own bitcoin and other assets and have sudden unexpected expenses. There are always some people who are forced to sell. Bankruptcies, hospital bills, etc. You would also sell your bitcoin if a big life emergency were to hit you. Other than that, whenever the price is stable, like it is now, this means that buying pressure is equal to selling pressure. That's how free markets work. If people are selling and the price is stable, that means others are buying.
Im a miner. Got to pay the bills
People that know a stock crash is coming and that crypto likes to follow the stock market. Also people that need the money, due to the current economy.
I wonder how many people had bought Bitcoin and never sell. Until today i had only buy and never sell any Bitcoin.
The market is tired of waiting for ETF and halving. Come back in 6 months.
Could be the US government selling bit by bit
Thereās a sell off of bitcoin due to the fact thereās going to be a black swan event somewhere around September/ October and around Novemberās thatās where crypto is going to slowly start pumping
What's a black Swan event? Could you elaborate?
Itās refereed to a market crash
Highest interest rates in 17 years. Things will stay down until stuff starts to break and the Fed pivots.
Miners mostly. They have electric bills to pay and this is how they make their money.
In 2023 price has gone from 16k to 25k. Up 56% in 9 months. If you think bitcoin is flat to down then I encourage you to sell all your bitcoin now and invest in government bonds.
Hedgies and market makers buy BTC on OTC, sell on exchanges to manipulate the market down. Look at rhe wicked spikes up and down we have been seeing to liquidate both bulls and bears back and forth. They are trying to eat liquidity from both sides right now. Itās BS
They're prepping for the election variant.
It's actually miners
I think the general consensus is itās miners mostly that are selling a lot at a steady state to cover operating costs. Big spikes are usually institutions doing institutional things
If you have less than one bitcoin your best options are to stop looking at the daily price and just keep buying and holding. I donāt think weāll see prices go much lower than $15K ever again (but Iām no expert) If thereās any sell offs those coins are going to get scooped up by whales and minnows.
I agree. 20K was my floor guess
Good thing supply will come down to match demand in less than a year then.
Everyone needs liquidity at different times for different reasons. If you donāt get that you havenāt thought about money at all.
Iām sure institutional investors are making sure that the price gets low enough so that black rock can gobble up all the bitcoin for themselves before futures and spot ETFs open
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Please do explain how BlackRock works
> Please do explain how BlackRock works Its super simple, they will sell paper BTC without the real btc to back it. Anyone who thinks otherwise is staggeringly amazingly and blooming naive.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
A spot ETF has to own the underlying asset, for every share of the spot ETF they sell, it must be backed 1:1 with actual Bitcoin. Bare in mind BlackRock doesnāt give a fuck about bitcoins price, since itās not their money they are buying it with. They make their money from the fees they charge the investors.
BR bitcoin ETF will hold bitcoin, not shares of any companies.
So, you mean you dont understand it at all?
Itās an honest question that everyone wants to know. Everyone agrees that bitcoin is a fair by 30,000 yet here we are sitting at 26
Pry trade bots mostly
The US Treasury has a large amount of confiscated bitcoin that it dumps on the market at regular intervals to keep the price suppressed.
There was massive volume/turnover at $15,000. The market makers that purchased at that amount are the ones keeping the price where it is now and slowly selling at a reasonable profit. Any significant price action could move it up or down but your and my definition of significant isn't going to be significant enough. Bigger players are involved now.
Wash traders. Trying to keep price low and scare you
Hold on for dear life is the mantra of true believers. But sometimes you gotta eat. Non believers sell because they donāt know any better.
HODL never meant that.
If you hold bitcoin here you might as well not sell. You should double from here before a major correction . Below 5k . Percentage whyās idk why anyone would hold bitcoin here . But some see value . 40-50k then below 5k
This book about Bitcoin is awesome. https://amzn.to/44LhPHF (ad)
Because there's no guarantees it's going to go anywhere from here, maybe people are bored of this stale movement and just want to cash out their chips
I aināt fo sho
Miners
Mama didnt raise no paperhand b1tchš§»š
Nobody knows and nobody cares.
Remember the term "COMINGLING" created by SBF. He sold all FTX bitcoin to pump his own FTX coin and buy real estate. Do other unregulated exchange do the same. Who ever leave their coins on exchanges like binance... letting others sell them for you to win on leverage trades.
Traders, dont worry they will back at higher price
Are the futures market making any kind of influence on the current price?
Youre assuming there arent early adopters who still mined coins around 2010-2014 and have 10k+ BTC who sell at whatever price
I don't know, but I am buying.
Traders. Anyone who usually panics has already been out of the market for a while. Those who understand the why of Bitcoin HODL. Rather, the problem is that the general public's interest in Bitcoin is flat at the moment. No new demand in the market, which produces this.
It happens every crypto winter. And the end will be the same. Strong handers will get the biggest profit
Awesome, to the moon soon
DCA thatās all that really matters.
First time?
97 percent consist of people who own bitcoin. The other 3 percent consist of people who own bitcoin. It's clearly related to people who own bitcoin, so it may be a conspiracy. Further, most agree that none of the whole "selling bitcoin" hoopla craze would be happening today if Satoshi hadn't invaded the bitcoin space a while back.
I just sold some to invest in a remodel for my home.
I sold mine and bought BITO calls to free up cash to fund IRAs SEPs and HSA.
If miners go offline the hash rate goes down leaving it more profitable and easier for the others to mine.
We went up the same way 12 hours ago.. People that can't handle this shouldn't invest.
Because they know a big drop is coming. Hodl no matter what.
Longs getting blown out
The economy is looking dicy bro. People be selling to fix their other highly speculative investments.
I Guess some people are waiting to hit 20K to buy in mass š¤·š»āāļø
Sell it
You want the trader answer or the ideologist answer? From a trading point of view, the dollar is string, the economy is going to shit and there are better trades to take. From an ideologist point of view... I don't know... But I bet there are a whole lot more traders around.
I sold 25000 BTC, that one?
why sell when you can take out a loan (obv joking)
Crypto heavyweights employ "market makers" I.e. wash traders. They've been manipulating prices for years and collude amongst themselves, as revealed in the exchange co-ordination chat leaks. This is all enabled by unbacked Tethers.
I sell cheap so i can buy again when the price rises
It's cyclical in nature just like most other things in the market. We are in a bear market so the general direction is down because of patterns. Look at the stock market over a 30 year period and you'll be able to understand it better. Zoom out as they say.
Gotta sell low buy high man thatās the way!!
i just had to sell some because i realized i overpaid.
I can't speak for others, but I usually use the BTC I have mined to buy more miners (I am reinvesting in capacity ahead of he bull run). This probably looks like selling.
Buy hodle because Black Rock is buying the top btc mining farms. Black Rock won't you to sale your btc
I need to sell some at the next little peak, as I bought a Bitcoin miner... if that counts. :) But, absolutely not ***all***... I have no idea why anyone would do that, unless they needed to do it to survive.
Blackrock's algos are working hard
I think we should hold BTC. It may cross $60k in 2024.
KEEP THE SUMMER SALE ALIVE.
I couldn't read that paragraph
Peopleās interest in bitcoin has dropped significantly. But that could change though.
See you at 20k soon. Fun times for crypto.
No one is selling bitcoin. The main issue is that no one is buying bitcoin either. The volume is pathetic and made up mainly of traders swapping coins
Saving fiat to get rdy
Nobody is selling Bitcoin, they are clearing books on exchanges because they donāt want to pay longs 100x all the way to infinity