Quote from: aoluain on Today at 06:23:44 AM

Quote from: justdimin on July 03, 2022, 09:28:18 PM

Quote from: aoluain on July 03, 2022, 08:13:26 AM

The thing is that there will always be weak hands. They are the people who buy at the
top purely on emotion and FOMO and sell at the bottom* out of both FUD and/or having
put too much into buying at the top and over extending themselves.

El Salvador and Microstrategy being strong hands means those Bitcoin that have been
bought cheap wont be on sale again for a very long time. This creates an even bigger
scarcity issue in the not too distant future.

Those are huge as well, it's not like some regular stuff or a cheap retail investor or anything. Sure there are some people with a few thousand dollars who would talk about how they are selling and they are scared and all of that, which is understandable. But at the same time we are talking about something where the people who have been involved with this do not have any type of fear if they have enough money.

This is why I believe that we should not be really feel scared neither, those people with hundreds of millions of dollars, even billions of dollars involved in bitcoin do not sell and they are even buying more right now and that should tell you what the rich are doing.

Yes for sure but there are always going to be people who have weak hands they probably
dont follow strong handed people and listen to the wrong people. It sometimes comes down
to education and a little bit of research as to whether someone would sell at a loss.

The education and research would inform those as to Bitcoins historical movements

they are in crypto for profit and when they don't because of the market experiencing the winter again, they will sell with the little they have gained or even at loss to hold cash this time of crisis. whether they buy back at prices lower than where they sold, its up to them. for the experienced traders, they will sell whenever they see the price could still potentially fall.

even when they could see there are good fundamental news like President Bukele and Saylor buying the dip, they may not be buying along with these two because they are anticipating the halving cycle only.