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[AudraMiller]

Bitcoin is undoubtedly one of those coins that people can be sure will grow in value in the future and for many they are playing the long term game and holding their bitcoin funds for the extended future in order to try and secure future profits. However there are some that are trading and selling bitcoin now. According to a recent report, it seems that those that are selling bitcoin now are more the younger traders that are just into the crypto world and have been holding bitcoin for less than 90 days, with only 5% of the recent trade wallets having a period of greater than 90 day holdings.

 

[Josemendez]

In by opinion ,this pattern of moving Bitcoin contributes to the high volatility seen in bitcoin lately . People are also panic selling when these large movements occur

 

[a_jerobon]

The buying and selling of bitcoin and other cryptocurrencies is the main thing that makes them volatile. Most of the new traders and selling the bitcoin out of panic when its price goes low.

 

[Niftyicon]

If this report is accurate, then, I would consider those sellers not to be anywhere near being called whales, so, we would see the impact on btc price but not so huge compared to if it were whales.

 

[Josemendez]

If this report is accurate, then, I would consider those sellers not to be anywhere near being called whales, so, we would see the impact on btc price but not so huge compared to if it were whales.

They may be whales but may just be one whale. That the price didn't fall drastically can be as a result of larger Bitcoin in holdl by many institutions.

 

[Wisdom01]

Yeah and i even think they are the one adding little pump in the price of bitcoin i think , since they are actually buying more , thats the effect

 

[LutherKing]

I think its time to buy and hold we are going to see new highs tbh actually in my opinion as prices have started going up tbh And its best for us

 

[GoldenLady]

It seems that most whales rarely trade their Bitcoin, just the small and everyday retail traders. That's why such trading doesn't have much influence on the price

 

[LutherKing]

Well , Yes And When They Trade Bitcoin Goes 10% Down Right , How About That Sort Of Trading And Then Waiting 15 Days To Break Even ...

 

[leithy]

When whales buy or sell they can affect the market. They do not need to trade daily. Just one major trade and the market can drop then they can buy back later with profit.

 

[Brain]

In by opinion ,this pattern of moving Bitcoin contributes to the high volatility seen in bitcoin lately . People are also panic selling when these large movements occur

Of course the movement does affect the rise and fall of the coin in no little way. The activities in the market bring a little or sharp change with the price of the coin in the market.

 

[GoldenLady]

lol, amateurs, well it might be because of the fluctuations of the rate of bitcoin ever since March or so. Moreover people are looking for quick profits these days so it might be because of that

Bitcoin does not generally give quick profits compared to altcoins. If a trader knows how to read the charts well, an altcoin can give 20 percent or more profits while Bitcoin will take longer to do the same.

 

[AudraMiller]

lol, amateurs, well it might be because of the fluctuations of the rate of bitcoin ever since March or so. Moreover people are looking for quick profits these days so it might be because of that

People think that cryptocurrency is some sort of get rich quick scheme however they do not seem to understand the high amount of work and knowledge that needs to go into profitable trading.