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Bitcoin Holders Refuse To Sell: Dylan LeClair

AtomicPissAtomicPiss Administrator, Swaye's Wigwam Posts: 64,554 Founders Club
edited May 2022 in Tug Tavern
https://www.youtube.com/watch?v=kQw9rTPRq5U
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  • greenbloodgreenblood Member Posts: 14,520
    edited November 2021
    They will sell like they always do at some point. A lot of these whales hold large amounts, and when it gets pumped, they dump a large portion of their portfolio to create a panic, driving the price down significantly. This is why that one day in May we saw a 40% dip overall in the entire market. When they feel the price has bottomed out, they'll buy back in at a discount and drive it up again. FOMO buyers then hop back into it, and drive it up for another rally before the whales do it all over again. This is why I'm a huge fan of just buying little by little and just holding it, then probably exit out of your position up to a couple years prior to retirement, just so you have time to get out while it's on a bull run, and not have to pull it out while its in a bear market.
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  • CuntWaffleCuntWaffle Member Posts: 22,499
    They will sell. This is the shit about Crypto that is laughable. These Youtube influencers will stay shit like "NO ONE IS SELLING!!! 200K BITCOING COMING SOON!!!" then when the whales do sell, like they always do, they pull a Grinolds and go "if you can't handly the ups and downs of crypto investing then it may not be for you" when it dips. I get influencers are suppose to get people excited and hyped up about it, but they do a poor job at properly teaching the pros and cons. Instead they just scream that everything is BULLISH. USA plans to ban crypto, SUPER BULLISH 1000x GAINS INCOMING!
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  • greenbloodgreenblood Member Posts: 14,520
    CuntWaffle said:

    They will sell. This is the shit about Crypto that is laughable. These Youtube influencers will stay shit like "NO ONE IS SELLING!!! 200K BITCOING COMING SOON!!!" then when the whales do sell, like they always do, they pull a Grinolds and go "if you can't handly the ups and downs of crypto investing then it may not be for you" when it dips. I get influencers are suppose to get people excited and hyped up about it, but they do a poor job at properly teaching the pros and cons. Instead they just scream that everything is BULLISH. USA plans to ban crypto, SUPER BULLISH 1000x GAINS INCOMING!

    THIS

    You can be very profitable day or swing trading crypto in the right market. I don't like that headache though. I just put money in little by little, and increasing my position over time. I don't care if it dips or if it rips. All I care about is what the price is when I want to liquidate in about 25 years. When in doubt just zoom out. Crypto has trended up for a long time, and I think it will continue to do so in the long term. I buy quality, and I just leave it alone.
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  • AtomicPissAtomicPiss Administrator, Swaye's Wigwam Posts: 64,554 Founders Club
    greenblood said:

    CuntWaffle said:

    They will sell. This is the shit about Crypto that is laughable. These Youtube influencers will stay shit like "NO ONE IS SELLING!!! 200K BITCOING COMING SOON!!!" then when the whales do sell, like they always do, they pull a Grinolds and go "if you can't handly the ups and downs of crypto investing then it may not be for you" when it dips. I get influencers are suppose to get people excited and hyped up about it, but they do a poor job at properly teaching the pros and cons. Instead they just scream that everything is BULLISH. USA plans to ban crypto, SUPER BULLISH 1000x GAINS INCOMING!

    THIS

    You can be very profitable day or swing trading crypto in the right market. I don't like that headache though. I just put money in little by little, and increasing my position over time. I don't care if it dips or if it rips. All I care about is what the price is when I want to liquidate in about 25 years. When in doubt just zoom out. Crypto has trended up for a long time, and I think it will continue to do so in the long term. I buy quality, and I just leave it alone.
    I have worked hard to build it up, with no intention of selling for a couple decades, if ever.
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  • greenbloodgreenblood Member Posts: 14,520
    DerekJohnson said:

    greenblood said:

    CuntWaffle said:

    They will sell. This is the shit about Crypto that is laughable. These Youtube influencers will stay shit like "NO ONE IS SELLING!!! 200K BITCOING COMING SOON!!!" then when the whales do sell, like they always do, they pull a Grinolds and go "if you can't handly the ups and downs of crypto investing then it may not be for you" when it dips. I get influencers are suppose to get people excited and hyped up about it, but they do a poor job at properly teaching the pros and cons. Instead they just scream that everything is BULLISH. USA plans to ban crypto, SUPER BULLISH 1000x GAINS INCOMING!

    THIS

    You can be very profitable day or swing trading crypto in the right market. I don't like that headache though. I just put money in little by little, and increasing my position over time. I don't care if it dips or if it rips. All I care about is what the price is when I want to liquidate in about 25 years. When in doubt just zoom out. Crypto has trended up for a long time, and I think it will continue to do so in the long term. I buy quality, and I just leave it alone.
    I have worked hard to build it up, with no intention of selling for a couple decades, if ever.
    Exactly
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  • PurpleThrobberPurpleThrobber Member Posts: 44,831 Standard Supporter
    DerekJohnson said:

    greenblood said:

    CuntWaffle said:

    They will sell. This is the shit about Crypto that is laughable. These Youtube influencers will stay shit like "NO ONE IS SELLING!!! 200K BITCOING COMING SOON!!!" then when the whales do sell, like they always do, they pull a Grinolds and go "if you can't handly the ups and downs of crypto investing then it may not be for you" when it dips. I get influencers are suppose to get people excited and hyped up about it, but they do a poor job at properly teaching the pros and cons. Instead they just scream that everything is BULLISH. USA plans to ban crypto, SUPER BULLISH 1000x GAINS INCOMING!

    THIS

    You can be very profitable day or swing trading crypto in the right market. I don't like that headache though. I just put money in little by little, and increasing my position over time. I don't care if it dips or if it rips. All I care about is what the price is when I want to liquidate in about 25 years. When in doubt just zoom out. Crypto has trended up for a long time, and I think it will continue to do so in the long term. I buy quality, and I just leave it alone.
    I have worked hard to build it up, with no intention of selling for a couple decades, if ever.
    Sounds a lot like my sex life.

    Buy and hold so to speak.

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