Early Bitcoin Whales Sold $30 BILLION to Speculators?
6 years ago in #cryptocurrency by cryptobobby (65)
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Interesting news....
2.3 million Bitcoin lost!? That is a staggering number! Ii makes sense but I guess I never thought about all of those accounts that have been lost or locked over the years!
I am shocked I haven't come across you page until now but I loved the TA! Looks like your videos will be added to my morning TA routine! haha
And personally I can't stand ripple... I understand that there has been good trade opportunities in the past but as a project...
Follow and an upvote from me! :)
thank you and appreciate the kind words.. The Chainanalysis research was pretty interesting for sure, and it's crazy to think how much Bitcoin is simply lost forever
Red sea will kill small fish .
This should not be too surprising as most wealth is created when entrepreneurs sell their stakes into the public market when valuations are best. Early believers did the same as prices skyrocketed. This makes sense as we have definitely seen weaker hands in the market since January as markets have dipped. However, fundamentals for long term usebof Bitcoin contin to prevail as store of value use could be key as investors seek protection from inflation and economic challenges in these traditional markets.
Yeah I agree it shouldn't really be shocking but interesting to see the data behind it. When Bitcoin essentially went from $1k to $20k, that's life changing wealth for many people I'm sure. Tough to not take profits there
I wrote a piece before also with regards to the BITCOIN futures being setting up to take the pricing power from daily traders to the banksters. It was all planned along to set up the futures market as a gig to push BTC from 10k to 20k and then crash it down afterwards.
@cryptobobby Wow thats a great deal
And panic selling because of coinrail exchange hack
O que genial,amigo,gran post
I'm not all that surprised to here this news, but I am definitely hoping we get another bump in price by the end of the summer. BTC has been slow lately.
So you are saying wait till all the rest of these retail "speculators" (that got in just to get in) sell out and bitcoin demand kind of bottoms out and then buy and HODL again? have you liquidated any of your holdings?
Needs to test 5k, weak resistance now. Going to buy more once bottom is found
That’s how it works, and guess what? https://steemit.com/cryptocurrency/@heyimsnuffles/crypto-carnage-is-imminent-20180610t190128430z-post#comments