Ninjastic
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Board Bitcoin Discussion
Re: HODL'ers sold 30BN$ of Bitcoin causing the crash
by
chaoscoinz
on 18/08/2018, 20:11:58 UTC
Quote from: freightjoe on August 13, 2018, 10:55:37 AM
Everyone in here seems to think that the crash is due to newbies panicking. Reality when you look at the hard data is that it is the HODL'ers who are selling and crashing the market.

Don't believe it? Check out the analysis for yourself:

https://www.coinspeaker.com/2018/06/12/bitcoin-price-decline-2018-caused-hodlers-30b-sell-off-says-chainalysis-report/


When HODL'ers say "HODL HODL" they are either lying while they are selling. Or if you are truly HODL'ing then you simply being scammed by the other other HODL'ers who are busy selling to you.....
No need to panic and point fingers at each other. Its neither the newbies or the HODL'ers making the market crash.  The market is crashing because of the self corrections. There is a pretty good chance the price will never reach $20,000 again this year. If it does, it wouldn't be organic.