Bitcoin Hodlers DGAF as Weak Hands Sell

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While the price is down I’m going to keep railing-against the weak-hands crew – I remember the pre-$300 days and just shake my head. It’s all right, someone else will buy your Bitcoin and watch it moon

1.1M noobs panic sell, but Bitcoin hodlers DGAF

“While new entrants to Bitcoin (BTC) markets have been panic selling at a loss, the recent market slide has not vexed the old hands.

Heavy selling in response to hints from Elon Musk that Tesla may soon sell its BTC stash saw Bitcoin prices tumble to their lowest levels in 20 weeks as the markets found support near $42,000 on Monday.

According to on-chain analytics provider Glassnode, the crash predominantly saw newer traders exiting from their positions at a loss, while long-term hodlers stood their ground.”

https://cointelegraph.com/news/1-1m-noobs-panic-sell-but-bitcoin-hodlers-dgaf

 

Master Asked on May 18, 2021 in Bitcoin.
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