Funny how weak hands are selling and institutions are buying
Is like they are not seeing all these as a sign that selling isn't a wise decision.
Never sell in a Loss. Even if Bitcoin falls to $70K or the technical analysis supports it.
Don't sell.
Don't be among the group that would start praying for it to fall again because they missed the opportunity
We only having this correction and we going Fly.
You called those selling as weak hands, and they will continue to be weak hands because they lack the foresight to see the potentials of bitcoin in the long run, that's why they are selling. About institutions buying more, i don't fucking care about them despite that their activities also influences the market but since we can't tell their next move, am not interested to know how much they are buying. Only those shaky investors who panics when the price is experiencing corrections will consider selling, but for those of us that has long term targets, we cannot be moved by mere short time market volatility. Those who also prays for the price to DIP before buying, i call them procrastinators and they lack confidence to believe in the growth of bitcoin no matter the buying price.
If you just started Bitcoin investment newly selling shouldn't be your thing rather you should focus on accumulating Bitcoin because you are still at your early circle, you can't really call all that is selling now weak hands because there are investor who has been consistently accumulating Bitcoin for a longer period of time probably 10 years back may just decide to sell out little portion of their Bitcoin hodling that doesn't mean they are weak hands because most of has already gotten to their bitcoin accumulation target so I don't see this kind of people selling as a weak hands since they are not selling all their bitcoin hodling.
There is no way to say that all holders are holding with a strong hand. Many are not in a favorable financial situation or have to sell some of their Bitcoin for various reasons. It completely depends on their situation. If someone is holding Bitcoin for the long term only, they will not be encouraged to sell Bitcoin easily. Not everyone is successful in holding. There are many people who do not have general knowldge holding of bitcoin advantage and may have tried to hold a small amount of Bitcoin, later they were encouraged to resell that Bitcoin for a small profit.
Those who are real holders and can make a good prediction about Bitcoin will definitely try to hold their Bitcoin for the long term. Currently, not only at the individual level but also some are dreaming of holding Bitcoin at the national reserve. Among them, El Salvador comes first. On a personal level, we see Michael Saylor owning 439,000 BTC through his company. Interestingly, he still dreams of holding more Bitcoin rather than selling it.
Saylor floats US crypto framework with $81T Bitcoin reserve plan If you don't have a source of money then you create a source of money and then invest in bitcoins. The statements you have published may not be for long term bitcoin investment. If after investing you have to sell the investment when you need the money then it is better not to invest. Consistency in buying bitcoins is very important in investing, even if you buy small amounts, keep your investments consistent, as many bitcoin investors will point out.
Michael Saylor is a key figure in Bitcoin investing and his company is already the number one company in the world that holds the most Bitcoins. Michael Saylor is very bullish on Bitcoin and believes that one Bitcoin will be worth a million dollars in the future. If we see the success of these investors then Bitcoin investment will make us much more interested and we should continue to buy Bitcoin the way they are regularly buying Bitcoin.