Quote from: knightmairesaint on December 18, 2018, 01:30:28 AM

Quote from: batang_bitcoin on December 17, 2018, 08:44:46 AM

It's partly correct for me but you can't just force the people to spend their bitcoins during the low time days.

Usage of bitcoin is changing from time to time and this is the reality. Bitcoin became a store of value and this is the reason why many people are holding it and don't want to spend it. Spending and using it do really help but you just can't force everyone with that.

True, most people will hodl at times like this to avoid profit loss besides spending bitcoin at low prices consumes more btc when spending at high prices. More people to hodl the more time the price will stay at certain ranges and this is where whales come in. For me, they are able to make a change in the price because they hold much more than we can. Spending and buying will not drive the price back that easily, it will take a huge volume to be spent or to be bought to make the line long in a chart.

Why would someone will start selling at their losses and expense?

Even you have a lot of bitcoin on hold why you would decide to sell it without any purpose? unless you really need it for something like emergency or you have a thing to purchase then that shall be fine but forcing others to sell, that's inappropriate.