BTC is showing weakness and loosing ground day by day I think it is the time for the investors to book profit who are on profit and minimize losses who already suffered a big loss. Can anybody enlighten me on this issue now?
About three days ago I did a survey here,
90% of commenter's agreed that bitcoin is heading to $1k, and will test that floor before heading to $400, now here is where the cognitive dissonance becomes unreal, they all TELL OTHER TO HODL
You can be sure if one our day-traders here is sure BTC is going to $1k, why not sell now at $4k, and then pick up 4X btc in jan/feb post collapse ( I'm assuming the next collapse will come post xmas/new-year, just like this year )
Enlighten you with the TRUTH?
Everybody here knows BTC is going down and hard, but everybody here tells the OTHER GUY TO HODL, which is sociopathic, which means that the majority here want to see other people get hurt.
...
This is a common psychological problem with stocks, people buy with no firm loss in mind on the way down, and worse is the 'noise' of millions of assholes saying "HODL"
The problem is 'drawdown' if you already lost 1/2 your stake, then why not stop the loss, its going down, then you could buy more if your stupid enough to think its going back up,
Problem here I have asked now two weeks and never get an answer "Where in the FUCK is the new sucker money going to come from to reinflate the crypto bubble?" $800 BILLION USD has 'evaporated', almost a Trillion Dollars would have to COME-BACK to bring BTC back
They can't answer the question, because there is no new money coming to BITCOIN.
Lastly, most likely all these are BOTS posting "HODL", just like this OP "SATGE", it seems that the morons love to mis-spell, as a sign of intelligence. Most likely here we have BOTS feeding BOTS, but the subliminal is all the same "HODL" ( whatever the fuck that means, ... ) I guess in court when exchanges are sued they can argue that HODL, didn't really mean buy&hold.
I am no expert in trading but to answer your question where that trillion dollar is going to come, the answer is exactly same place where that 800 Billion dollars came last year :-).
Do you not agree that adoption, real life usage, acceptance and awareness is much more higher for Crypto as what it was last year (or rather 11 months ago in Jan)? Even state of Ohio has formalize BTC (how so ever symbolize it is as of now). There are more then 100 reputed and otherwise companies including Microsoft is accepting BTC to buy product.
The one thing I am failing to understand the reason for people's sentiment which is driving bearish market? I understand that BCH fight initiated a mass shell out for a few weeks however why all every one (including old timers) are predicting such gloomy projection? What is the worry and what changed?
I am also failing to understand who are the people who are continue to keep selling it despite now it is almost a year low price (3500)? If someone bought BTC post Jan 18 and price higher then 3500, I am assuming most of those people have already sold thier BTCs out (with may be exception of few). So I am surprise if someone bought it a year ago and willing to sell it now for very little to no profit?
I think my biggest question is what is the reason for worry now?
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