I will make this overwhelmingly clear. This is your final warning, I am tired of trying to help you.
A small group of people who own 40% of bitcoins are selling for fundamental reasons. This includes miners and pre 2012 bitcoin whales. These people have hundreds of billions of dollars in unrealised gains. These people are will not stop until most of their crypto is sold. It will take them years to cash out without crashing the price to zero. The process is far more complex than it seems. They are essentially dumping, then propping the price to reel in traders, then dumping and repeat indefinitely at least for now. I estimate they have only sold 5% since the first call was made by the guys at the top back in late December. Pic related shows the ABCDE then dump pattern they are using. You should know these people are extremely loyal to eachother.
Wasn't a bad fud until... >My buy in target is also around $1k.
John Nguyen
So what shall we do?
Juan Ortiz
The real stratefy would be to sell X of coins, then stop and use 1/4 the profits from the number of x coins to initiate another bullrun after a few months that perpetuates with outsiders jumping in - which is what I fully expect they will do.
Jackson Sanchez
And what about the fact that once btc hits around ~4k it's no longer worth the electricity to mine? Rigs start being shut off and sold, compounding into the entire network eventually dying.
William Cook
early adopter of crypto are the one who believed in it the one one who hate fiats and everything that happen in 07
but yeah they are going to sell now right before an other stock crash. seems legit
Dylan Green
Difficulty adjustments prevent something like that fully happening. Or at least try to.
Dominic Howard
There will be a few coins that make it out of this alive...these will be the industry leaders moving forward. Don't think that for one second these whales you speak of are killing crypto, they are simply repositioning themselves now that it has gone mainstream and the governments and wallstreets of the world want their pound of flesh.
Alexander Watson
Yes, whales are going to make themselves 95% poorer for no apparent reason whatsoever.
Hudson Thompson
>There's so many pending buy orders on the exchanges they can just treat them like an atm
you're not thinking of the correct scale.
sure it's fine taking out a million dollars here and there, the market will bounce back like nothing, but if you're worth a billion dollars on paper with an asset that's falling through the floor, you're going to be considering an exit strategy.
a million dollars doesn't feel like a fucking thing when you start to realize that you can set your family up for generations and literally start whatever kind of enterprise your heart desires. 10 million every few weeks doesn't even cut it, but i'm sure they're doing this in a coordinated way so they don't all get fucked. seems plausible.
Alexander Nelson
Not at 65 percent losses and dropping losses in a month. You've got a nice base at zero dollars. Get out while you can.
Hunter Nguyen
Yeah, OP is 100% full of shit
Isaac Perry
kek with all the hype around a 40k prediction and all their apparent funds to enable themselves to this point, even further cementing their wealth yes the correct course of action would be to destroy their wealth
William Butler
Oh, my word can you guys imagine... if BTC hit... $2k???
I would just about die laughing, ha ha holy shit
Levi Harris
Ayo hol up You be saying We wuz bagholders n sheeit
Dominic Hughes
Since the block chain allows to see the amount of bitcoins in anyone's wallet, and the richest owners address are known, why don't you provide graphs about the evolution of their balance over time to prove your claim?
Levi Lee
...
Levi Barnes
they're not liquidating by any means, just taking their profits like all of you should have.
David Turner
>Yes, whales are going to make themselves 95% poorer for no apparent reason whatsoever. I see so many naive posts like yours all over the place. >whales are just like us. they wanna ride the wave. >fear is gone from this market people are just waiting best time to buy. >charts dont buy or sell. it's the people that buy and sell. >study the market not the charts :) Whales are playing the long game and have the law on their side. People will have to pay taxes based on inflated rates at last year's BTC price. This hurts people with a majority of their wealth in cryptocurrency the most, the group which the whales want to target because they often have a low income relative to their net worth. By forcing the price to fall, whales can force that group to liquidate most of their assets to pay taxes.
Aiden Barnes
>A small group of people who own 40% of bitcoins
Ethan Cooper
they only adjust every 2000 blocks
if after one adjustment the profitability is NOTHING for all the miners, and they stop mining, how are you going to get to those 2000 blocks? Nobody is mining, so where are those blocks coming from?
Colton Cox
Flibbr, cut it out.
Daniel Cruz
Maybe Charlie Lee knows about this too =0
Logan Brooks
The whole time everyone was telling you it wasn’t a bubble
And the bubble literally burst
Anthony Morales
If I was one of the guys with over $1 billion dollars worth of BTC I'd definitely want to start cashing out you can't do anything with a billion dollars of BTC but with a billion dollars of fiat IRL you can live the life of a king
Christian Foster
Right, so a bitcoin whale with a net worth of $500,000,000 is going to turn that into $25,000,000 just to spite a few normies. Gotcha.
Brandon Taylor
>I hate fiat >I'll just make my fake internet money and kindly ask people to use it >6 years later accidentally a billionaire in fiat
Wtf I love fiat now!
Jonathan Brown
It's easy to fix with software update or a fork.
Jordan Mitchell
i mean, most people only hate fiat cause they dont have enough of it. none of the early people knew what real wealth was so obviously they were opposed to and jealous of it
William Price
>Rationalizing selling 60% below ATHs
lol you guys the epitome of poor
Landon Perry
>My buy in target is also around $1k.
its going to zero. flippening to ethereum and op is a faggot who understand nothing. Once the flip is complete a new dawn and bull will begin
Robert Murphy
$500,000,000 in bitcoin is not $500,000,000. Until it is in cold hard cash then it might as well be $0.
Speculation is all about making dollar bills, not accruing what you are speculating on.
James Nelson
If you dont tell now youre just dumb money, every single chart and TA is showing bottom 5k
Mason Edwards
yeah, that's right they will, fucking idiot
Lucas Wright
It happens every february, friendo. Last year, 2016, 2015.
Christian Evans
they already have that, it's called Bitcoin cash and it does much more accurate block difficulty updates
but BTC never updated to it
Gavin Martinez
This is classic correction. The trend looks exactly like what a shitcoin looks like during hype then during correction.
Isaiah Sanchez
Uh... uh..
Christian Sanchez
oh thats a good question
Nathaniel Jenkins
Guys guys guys .....
Has anyone been reading the news... Has anyone noticed the Indian government is putting a supposed ban on cryptos and keeping the Blockchain! It seems a controversy when they are hosting and testing with Ripple!
Proof of stake will be out soon, atomic swaps are on their way! you will need to wait... it is a perfect time to buy!!! We have seen such drops in the past too....
in addition please be aware there are legal cases being investigated against cryptos in Japan... if bit coin that is the most popular crypto and the KING drops in value there will be investors interested in jumping the band...... Patience is a good.... If you have bought other ALTs with BTC then drop in BTC will help the rise of ALTs in BTC ...
Luis Cox
Very underrated post. Find the coordinated whale dumping numbers and I'll believe.
Lucas Kelly
>paying crypto taxes I hope you paid your Santa Claus taxes too when you got presents as a kid.
Nolan Hill
>Ethereum is hurt even more than BTC. oooh boi it's sure the flippening
