Bitcoin Price Bottoms Are Defined by The Level of Bullish Retail Greed and Leverage

The idea of holding bitcoin is very well known, but what is the use? Do holders benefit at all?

Dan Held Shared: The Bitcoin price bottoms are defined by the strength of the HODLers.

Community Response:  The HODL meme REKT so many noobs 2017+ and it will once again REKT so many noobs 2022+

Stop whining. If they HODLed from 2017 they at least 3x’ed. For clarity, those who have been holding BTC since 2017 might have seen the value improve 3x minimum.

If they start with 60k, how long before they stop losing money? HOLD until the price goes high.

Bear market. People who buy BTC make no material gains. Everyone knows to buy alts. People don’t care about BTC.

When is the bottom because we have had many lower lows since early November?  The bottoms are usually a few weeks after Saylor buys a local top.

He last bought at 57K, Nayib bought at 48.5K, and both are getting REKT now.

Buying BTC is all about hoping someone else will buy it higher. You do not get anything by holding BTC.  It´s a highly speculative asset. But technology is the future. BTC will be the best asset in history. or just go slowly down to zero and fail. There is no middle thing here that I believe.

BTC is a great idea. But it’s too risky to go all in. I think it’s too slow to be the greatest asset in the world for us. I’m split between great and bad regarding BTC’s future.

I have a position. But It’s not as high as before. Sold for weeks ago.

Usually, the holders are out of the game and have no real effect on price other than supply constraint. Once the “traders”, “weak hands”, etc. are done losing their BTC to said HODLers at cheap prices the lack of liquidity will drive up price but max pain first. $20k BTC.

I doubt that. Even 20k is a long shot. But Bitcoin always surprises me.

Stop making crypto sound like it’s for the people. It’s a whales’ game.

Crypto yes, Bitcoin no.  They are not the same.

Bitcoin is for the whales. You could look into the smaller anti-whale communities and these are actually for the people but these get stomped on when BTC decides to fuck the market. So it’s all BTC. It’s all whales.

Holding is idiotic. We have been in a clear downtrend for weeks now, and it will 100% continue. Does nobody realize that the only thing pushing price up is new buyers? Tell us why we should expect a sudden surge in demand for BTC with so many negative macro factors at play?

Why do you think we are buying the Dip, are you?  Mini bear market, there should be many more people who continue to hold.

I disagree. Price tops and bottoms are set based on transactional units of spread in derivative plays, which are mostly manipulated by big banks who have entered the space. This will normalize once smaller players get into the action and utilize arbitrage, thus canceling out.

IT’S TRUE. The stronger they are, the more we need to fall before we reach the bottom BTC.

If everyone has weak hands and is sold quickly this bear market will be over in an instant.

About 76% of Bitcoin’s supply is illiquid Inflation at a 40-year high. The signs are all there, long-term Bitcoin will be going to much higher prices.  However, 38k dollars is most like absolute bottoms IMO. Probably will bounce around between 38k dollars – 42k dollars and then either go back up or down.

Bitcoin price bottoms are defined by the level of bullish retail greed and leverage, and the HF liquidation engines that go and take that liquidity from those retailers.