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BeyOglu - The Analyst
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let talk about some good time #binanceswag

let talk about some good time #binanceswag

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BeyOglu - The Analyst
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Is It Alarming To Say 80% Of #Bitcoin Holders Have Never Sold Bitcoin? People arguing against bitcoin often say it has no intrinsic value. 80% of bitcoin holders have never sold bitcoin. All it takes is a few whales to sell, and then price drops like an avalanche. And once others see the steep waterfall the herd will follow further driving down price more. How do you respond to this? #MichaelSaylor's says the rich dont sell their assets. Is Bitcoin creating this false illusion for people to think they are becoming rich by seeing the price artificially go up due to massive sells/buys (i.e. fire sales only to accumulate more (it's more of a ping pong game)? What happens when 40% of the 80% of bitcoin holders decide to sell and enjoy their fortunes by buying mega mansions, real estate, cars, etc.? I would reasonably think since the rich dont sell their assets, most will take what they need and leave the rest in BTC. Similar to real estate. If you own 10 buildings, why in the hell would you sell unless if you really needed the instant cash flow? #beyoglu
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Is It Alarming To Say 80% Of #Bitcoin Holders Have Never Sold Bitcoin? People arguing against bitcoin often say it has no intrinsic value. 80% of bitcoin holders have never sold bitcoin. All it takes is a few whales to sell, and then price drops like an avalanche. And once others see the steep waterfall the herd will follow further driving down price more. How do you respond to this? #MichaelSaylor's says the rich dont sell their assets. Is Bitcoin creating this false illusion for people to think they are becoming rich by seeing the price artificially go up due to massive sells/buys (i.e. fire sales only to accumulate more (it's more of a ping pong game)? What happens when 40% of the 80% of bitcoin holders decide to sell and enjoy their fortunes by buying mega mansions, real estate, cars, etc.? I would reasonably think since the rich dont sell their assets, most will take what they need and leave the rest in BTC. Similar to real estate. If you own 10 buildings, why in the hell would you sell unless if you really needed the instant cash flow? #beyoglu
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Whenever there is a pump/dump in any stock or crypto there is always a news behind. it often looks like to me, that these all things are pre planned. I do understand the graphs very well, whenever we see the chart showing some clear bearish indication some negative trends take place. and the excuse comes out like this happen due to this... etc Whats your opinion?? #beyoglu #bitcoin
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#Bitcoin update $BTC we can see clear triple top formation in one day timeframe in bitcoin chart that is indicating a clear down trend, Only 5 Days Remaining in The halving, Bitcoin has already hit 60k on Saturday night, Im Expecting the halving near 57k, 60k is still reacting as a strong support. #beyoglu
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Eid has been ended and I'm going to start work from tomorrow, I'll check market in the morning 🌅 #beyoglu #BTC
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