Re: Buy the DIP, and HODL!

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I have some questions.

Why is Bitcoin going through mini-crashes, then they're followed by mini-surges? Who's selling large amounts of coins below $60,000, and who buys them back/places price back over $60,000?

Will the market actually give everyone another opportunity to see Bitcoin go below its 200-Weekly SMA again? The last time proved to be a very good buying opportunity.

Furthermore, it seems pretty short-sighted to be selling at these prices or the sub $60ks that you mentioned, yet we know that prices move because people have differing opinions about fair market prices, and some people end up being wrong in their assessment, views and actions, yet in most cases, we don't know who was wrong until later down the road... all of us hope that we are on the correct side, especially if we have put money on our views, and failing to buy bitcoin might well also be one of those where folks have put money (even if they think that they haven't.. when the price goes up, those kinds of dollar worshipers frequently wished that they had some BTC, so they could sell it.. for higher than they paid for it... hahahahaha).

What i feel about this is that i think there are some groups making profit off the selling and buying points can't be an individual actually but the major reverse stays on 69K+ (i might be wrong on this but this is what i'm thinking because it more obvious that there's something going on at that region.... Nothing more for me actually the Dip has always been an opportunity and there're millions with same mind set even though the minors might be trapped with FUD(since the sell is on the wrong hands) but that does not really matter

more people will keep buying the Dip.

You are still off topic, if you talking about selling and buying back as a way to make profits... or maybe buying bitcoin at lower prices and then sell on the way up. That is also off topic for this thread.

We are talking about ways to accumulate BTC with a presumption of holding the BTC for the longer term and potentially being powered by our decision and practices to accumulate bitcoin, so if you are thinking that selling BTC and buying back cheaper is a solid practice for accumulating bitcoin, then you are talking about topics outside of the topic of this thread.

Of course there are two angles to Wind_FURY's above questions. First is why are people selling below $60k? and then the Second seems to be asking how low the BTC price is going to go in order for any of us to potentially take advantage of buying BTC at lower prices.

Surely guys here employ a variety of techniques to accumulate bitcoin without necessarily resorting to selling, yet there still can be some relevancy in terms of asking why already BTC holders are selling their BTC, even while we realize that basically there are always going to be sellers for any buyers, and the ONLY way that the BTC price ultimately goes up is that there are more buyers than sellers - so surely some folks might be selling from time to time who already reached their BTC accumulation goals, and others might be selling to attempt to get the BTC price to go lower, and surely many of us can also be skeptical in regards to whether there might be ways for exchanges to allow to sell coins that do not exist, which is also known as rehypothecation or fractional reserve banking in which sometimes exchanges (or other third parties) do not have as many bitcoin as they are claiming to have, which can also be problematic for BTC price movements by suppressing the BTC price by more than it should otherwise be suppressed. That is another reason to NOT keep so many of your BTC on exchanges if you might need to withdraw some (or all) of your BTC from time to time to both make sure that you are able to, but also sometimes it is better to just keep your holdings under your own control.. and even better if we were able to develop systems (and a kind of culture and practice) to be able to transact directly rather than going through third parties for our BTC transactions.