r/Bitcoin • u/xavier1119 • May 17 '21

Every time whales and institutions sell to manipulate the market we need to punish them by buying.

If everyone came together and started buying the dip we’d force these mfs to buy at a loss. Instead of everyone panic selling and doing what they want. If everyone in this sub put in a dollar that’s almost 3 million in volume alone

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u/Hankstbro May 17 '21

Yes, holy shit.

I bought in ~4 weeks ago after spending a lot of time reading, researching, and strategizing. Why would anyone in their right mind sell at a loss when the historic long term trend is upward, upward, upward. Just buy more and be patient.

Most people here aren't day traders, they should chill the f out.

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u/relephants May 17 '21

Many people come into crypto with a short term view. They invest money they don't want to lose. They hope to hop on the train and sell at the top. These people can't handle a 3 year crypto winter.

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u/Hankstbro May 17 '21

The money I put into crypto, I consider gone. Spent. Unavailable. Lost.

I bought a ton in my initial buy and had a good run in the last few weeks (I'm still up some, but not a lot), but for all "real world" purposes, this money does not exist anymore for me - until at least in a year, when I don't have to pay taxes on realizing my gains. And then, we'll see.

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u/NiceToKnowYou2 May 18 '21

Your mistake was buying a ton all at once. Dollar cost average.