Quote from: kromer on August 14, 2018, 04:45:49 PM

Quote from: LFC_Bitcoin on August 14, 2018, 04:30:36 PM

$6000 seems to be holding a little too falsely to me. Got to be manipulation holding us arund this range, no?
The price fell all too easily from $8500 to $5800 but recovered to above $6000 (just about) but were holding here by literally $5 - $100, why?

My conspiracy driven mind tells me were being played by whales who are still accumulating at these prices before we begin the next bull run.

It just seems so artificial clinging onto $6000 for dear life & not showing any sogns of crashing significantly below it or pulling away & going up.

Bigger forces at play here, this is not just the market.

This is my opinion, and has always been. The game is rigged and the only winning move is to not play, ie. HODL.

Bitcoin will become [a/the] major global currency, and everyone knows it (especially the haters).

Your advice is really incomplete, and I don't really know what you mean with your assertion of "rigged." Actually, the "rigged" concept seems like quite a bit of incomplete bullshit.

I agree with any point that you might be making that whales (especially bear whales) are going to attempt to manipulate the price down as much as they are able to manipulate it down, but that mere fact does not mean that the long term situation is "rigged."

In other words, bearwhales might not want to sell their own coins in order to manipulate the price down, especially if they are not confident about their ability to get the price to go down, so they attempt to get others to sell their coins.

You do realize that we are at quite less than 1% world-wide adoption of bitcoin, and accordingly, there continue to be a lot of peeps who are just finding out about bitcoin and wanting to take some kind of stake in bitcoin. Those peeps cannot HODL. They have to figure out a reasonable buying strategy to get a stake into bitcoin.

Even people who have been in bitcoin for a considerable amount of time might not be content with the amount of bitcoins that they have, and those people might be attempting to accumulate coins, too, and HODL is not going to work to accumulate coins.

I agree that once you have established a decent sized BTC stash that reasonably fits your own circumstances, then at that point, HODL can be a very good plan, but HODL by itself is likely incomplete for a large number of peeps, especially given our continued low level of actual adoption which continues to justify various means to attempt to accumulate BTC.