What is going on with Bitcoin?

in #bitcoins6 years ago

What is going on?

Why are all the Bitcoin Fanatics selling their Bitcoin? Don't they believe in the Future of Bitcoin and Blockchain? My how quickly sentiment can change.

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Hey what do I know I'm just a old relic @silverbug who doesn't know any better, but I'm not selling any of my Bitcoins or altcoins because I do believe they will have a future and I'm staking my claim. Why not do what any @silverbug or goldbug worth their salt would do, buy more Bitcoin while it's on special, I am.

Can anyone explain to me why everyone is selling out?

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Cant lose your silver when it's in your hand.:o)

That is so true, if you don't hold it you don't own it, cheers mate.

Everyone should load up before it goes to a million, lol.

I won't disagree with you on that one lyrica, cheers.

We aren't selling. My humble opinion is that the really big money is getting in and that's why we saw everything going off the charts in December. But Big Money is flighty, they jump out just as quickly. It was one hell of a Big Wave. And there will be more waves. It's always the same lesson on how to play it but it takes real skill and discipline to play it perfectly. Live and learn. Actually nothing has changed, we will rinse and repeat.

Yeah I agree with you on that, I'm not selling anything and have been adding to my portfolio at these cheaper prices. Love it or hate it I have no doubt blockchain is here to stay and will change the world in ways we can't even imagine. Good to hear from you, it's been a while, how are you going with the rebuild? cheers mate.

Rebuild? Oh yes the post hurricane reconstruction. It's unbelievable how everyone has forgotten, it's like yesterdays news! Gone. Forgotten. You can still see remnants of broken signs, fences, trees or debris here and there, some roofing. Not so many buildings collapsed in the Miami area so the serious damage is sporadic and diffuse throughout the state.

Thank you for the information.

I think those who are selling are not actually the Bitcoin fanatics. The sellers are those who bought just because they believed everyone else believed in cryptocurrencies. The true hodlers (or fanatics) are those who really believe in cryptocurrencies, regardless of what everyone else think.

Well I will be holding onto mine for the long term, I think prices will go to a level most people can't comprehend, cheers mate.

Sentiment will change when you lose half your fortune in a week lol. Im holdin strong with ya lol

Welcome to our world, lets see how resilient they are Lol, cheers mate.

Nice post sir keep it up

Thank you friend, cheers.

Some posted on this already like I did two days ago. Tether and Bitt finex that are under scrutiny of the FED. But one can never tell exactly ofcourse.

Will be interesting to see how that one turns out, cheers mate.

I'm a little shock since I started crypto just a month ago and this is my first hard fall. And I'm not counting on them or anything but still...
However not selling anything, I believe in the future of steem and bitcoin.

I'm going to use this as a buying opportunity to buy some more while they are on special, Lol, Thanks for stopping by and thanks for leaving a comment, cheers.

the price will rise again...maybe because they see market drop this few days so they got panic and sell thier bitcoin to avoid it further drop...but just wait maybe next month it will rise back

Yeah I think this is a well overdue pull back, it was getting a little to crazy, cheers.

Bitcoin has made huge gains in the last 4 months. It's no surpise that many will chose to cash out and book their wins, once there is any hint of fud or bad news.

But this is all perfectly normal, bitcoin has been doing this since it came into being.

I see the metals are under attack yet again, I think TPTB are trying to scare us all back into the dollar casino, cheers mate.

It's just the weak hands and get rich quick crowd that is getting shaken out, nothing to worry about :)

I'm not worried, just wish I had some spare cash to load up on some discounted Bitcoin, Lol, cheers friend.

Nice to see your post again...... thanks @silverbug (63)

Thank you.

This post has received a 4.3 % upvote from @boomerang thanks to: @silverbug