Quote from: Dogboy714 on March 14, 2019, 04:31:41 AM

Drunk thought of the day - what if this time around the buyers were forced to capitulate! Oh shit - it keeps going up from that not-a-capitulation low!!!

Your phrasing of such hypothetical is confusing because it seems to use the wrong terms.

First of all, you cannot force capitulation, even though capitulation may have more than one meaning. There is a traditional meaning of capitulation that would be that a person capitulates by selling all of his coins.

Or there is a kind of bitcoin capitulation which seems to be what bitserve is doing, which is a kind of psychological capitulation. He is not selling his coin, but he is not taking any other further action either, such as buying more bitcoins, making plans to buy bitcoins or making bullish moon/lambo plans.

I hate to suggest that bitserve's strategy is normal; however, there seems to be a kind of phenomenon in bitcoin that involves the presence of a decent amount of HODLers of last resort. We don't exactly know what that number of HODLers is nor the quantity of coins that they HODL or the BTC price that would cause only the HODLers of last resort to remain, which would then leave no option for the BTC price to go up, once all of the non HODLers of last resort are weeded out.

You, Dogboy714, seem to be suggesting a totally different scenario, in which bearwhales might unsuccessfully engage in a tactic to attempt to force the BTC price down more and more to cause capitulation, but they are unsuccessful in their attempt to weed out additional weak hands and the BTC price goes in the opposite direction, which is UP. This kind of scenario that you are proposing has happened quite a lot in BTC's history, and at some point it is likely to happen again. It remains unclear who gets rekt in these kinds of scenarios besides traders playing around with margin that gets called or no coiners who refuse, refuse and refuse to buy until BTC prices have gone up a considerable degree and causes them to buy way higher than they should have.. and contributes to a kind of FOMO dynamic in BTC's price rise and also losses (at least on paper) when the BTC price subsequently crashes after the exuberance wears off (which is far from clear at what price point the price reversal would take place to correct from the previous exuberance).