Grayscale Bitcoin "Trust" is still holding, NOT HODLing, more than 500,000 Bitcoin and they have been selling more aggressively since January 12.
https://bitcointreasuries.net/entities/50
I believe if the selling contintues, and the market panics, that might cause a pre-halving DIP, no?
As plebs what do we do in this kind of situation? I can't tell you what to do with your money, but if you ask me it's = Buy the DIP, and HODL.
https://bitcointreasuries.net/entities/50
I believe if the selling contintues, and the market panics, that might cause a pre-halving DIP, no?
As plebs what do we do in this kind of situation? I can't tell you what to do with your money, but if you ask me it's = Buy the DIP, and HODL.
You are not offering specifics.
We already have a dip. So are you saying buy now or wait for more dip?
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Yeah bro it's definitely buy the dip and hold, many folks have really hight expectations for a bull run and if this continues to happen we might end up with a bear market even if just for a few months or might not even happen, by now we all know that bitcoin has continued to tell us that it's unpredictable, things like 4 year theory and many other historical event can't be used to make much predictions again. But in other not to speak as tho we are sure of a pre-halving dip, let's just be ready for anything, no need to wait for the dip, keep DCA going, and keep that emergency funds in Check cause it would really come in handy soon.
Are you mixing up emergency funds and reserve funds? Because there should be no expectation to use emergency funds.. but there could be some expectations to use reserve funds, such as for buying on the dip if further dip were to end up happening.
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However, panic sales are not a new phenomenon in the Bitcoin market, but rather a well-known phenomenon that occurs regularly. Such panic sales before bitcoin halving have been seen many times in the past and we will face such panic sales before halving in the future as well. Grayscale sells 500k bitcoins in the bitcoin market creating a market bloody moment despite the temporary negative impact on the bitcoin market.This is expected to be the biggest dumping in the Bitcoin market before the halving. This may be the best time to invest in Bitcoin for those who are planning to invest in Bitcoin and hold it for the long term. Therefore, those who can use this panic sale and invest and hold Bitcoin at the highest DIP will have a 100% chance of getting potential profit after the halving.
Surely nothing is impossible and currently the 200-week moving average is getting close to $30,500, and so it is not impossible to touch upon the 200WMA again prior to the halvening... but yeah, I personally don't consider very high odds of going down that far, and surely even if we end up going below $35k, further dips might largely end up being quite temporary rather than lasting.. but who knows? I am not going to proclaim to know how long these kinds of dipping or consolidation matters are going to last, even though we seem to have a lot of ongoing indication of upward price pressures, in spite of some entities (or persons) moving around their BTC exposure or even maybe getting out of BTC, which also would seem like a dumb thing to do... even though we can see why an entity like the FTX bankruptcy trustee would be selling all of its GBTC which was around $1 billion worth, and maybe they would not be getting back into BTC with that value that they are putting on their bankruptcy books.