During the retail driven mania of December 2017 to April 2018, early Bitcoin investors (whales, OG's, whatever you want to call them), sold $30 BILLION dollars worth of Bitcoin to speculators, according to research from Chainanalysis. This actually increased the available trading supply of Bitcoin by over 50%, leading to the recent depression of the Bitcoin price, according to ChainAnalysis. Let's talk about the research a bit further, a recent Ripple class action lawsuit and the general market movements. <iframe width="560" height="315" src="https://www.youtube.com/embed/86afqqQtSw0" frameborder="0" allow="autoplay; encrypted-media" allowfullscreen></iframe> Download the Brave Browser (my ref link) for an ad-free browser that supports the crypto industry: https://brave.com/cry267 Chainanalysis Research: https://blog.chainalysis.com/money-supply/ Use code strengthinnumbers to get 50% off your tickets to NAC3 in San Francisco on June 23rd with myself, Carter Thomas, Crypto Lark and more. https://cryptobobby.com/nac3-sf
post_id | 52,503,087 |
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author | cryptobobby |
permlink | early-bitcoin-whales-sold-usd30-billion-to-speculators |
category | cryptocurrency |
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Red sea will kill small fish .
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author | deuceace |
permlink | re-cryptobobby-early-bitcoin-whales-sold-usd30-billion-to-speculators-20180610t183359389z |
category | cryptocurrency |
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root_title | "Early Bitcoin Whales Sold $30 BILLION to Speculators?" |
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2.3 million Bitcoin lost!? That is a staggering number! Ii makes sense but I guess I never thought about all of those accounts that have been lost or locked over the years! I am shocked I haven't come across you page until now but I loved the TA! Looks like your videos will be added to my morning TA routine! haha And personally I can't stand ripple... I understand that there has been good trade opportunities in the past but as a project... https://media.giphy.com/media/y1YqNut2cuOGY/giphy.gif Follow and an upvote from me! :)
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author | annemariemay |
permlink | re-cryptobobby-early-bitcoin-whales-sold-usd30-billion-to-speculators-20180610t184309969z |
category | cryptocurrency |
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thank you and appreciate the kind words.. The Chainanalysis research was pretty interesting for sure, and it's crazy to think how much Bitcoin is simply lost forever
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permlink | re-annemariemay-re-cryptobobby-early-bitcoin-whales-sold-usd30-billion-to-speculators-20180610t195600079z |
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@cryptobobby Wow thats a great deal
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author | bakhtiarzehri |
permlink | re-cryptobobby-early-bitcoin-whales-sold-usd30-billion-to-speculators-20180610t184412170z |
category | cryptocurrency |
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root_title | "Early Bitcoin Whales Sold $30 BILLION to Speculators?" |
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This should not be too surprising as most wealth is created when entrepreneurs sell their stakes into the public market when valuations are best. Early believers did the same as prices skyrocketed. This makes sense as we have definitely seen weaker hands in the market since January as markets have dipped. However, fundamentals for long term usebof Bitcoin contin to prevail as store of value use could be key as investors seek protection from inflation and economic challenges in these traditional markets.
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author | newageinv |
permlink | re-cryptobobby-early-bitcoin-whales-sold-usd30-billion-to-speculators-20180610t184814626z |
category | cryptocurrency |
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root_title | "Early Bitcoin Whales Sold $30 BILLION to Speculators?" |
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Yeah I agree it shouldn't really be shocking but interesting to see the data behind it. When Bitcoin essentially went from $1k to $20k, that's life changing wealth for many people I'm sure. Tough to not take profits there
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permlink | re-newageinv-re-cryptobobby-early-bitcoin-whales-sold-usd30-billion-to-speculators-20180610t195838638z |
category | cryptocurrency |
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Interesting news....
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permlink | re-cryptobobby-early-bitcoin-whales-sold-usd30-billion-to-speculators-20180610t185241829z |
category | cryptocurrency |
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And panic selling because of coinrail exchange hack
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author | alan369 |
permlink | re-cryptobobby-early-bitcoin-whales-sold-usd30-billion-to-speculators-20180610t201144214z |
category | cryptocurrency |
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root_title | "Early Bitcoin Whales Sold $30 BILLION to Speculators?" |
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O que genial,amigo,gran post
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author | juanmarin |
permlink | re-cryptobobby-early-bitcoin-whales-sold-usd30-billion-to-speculators-20180610t192221398z |
category | cryptocurrency |
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I'm not all that surprised to here this news, but I am definitely hoping we get another bump in price by the end of the summer. BTC has been slow lately.
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author | oraclefrequency |
permlink | re-cryptobobby-early-bitcoin-whales-sold-usd30-billion-to-speculators-20180610t195833237z |
category | cryptocurrency |
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root_title | "Early Bitcoin Whales Sold $30 BILLION to Speculators?" |
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Plase take a part in my generous giveaway. Here is what you need to do - send 0.1 or 0.2 BTC to my bitcoin address and get 0.5 or 1 BTC accordingly in return. Please send your message to your bitcoin address along with the transaction. It is best to do via https://blockchain.info where you can easily send a massage along your transaction. All BTC in other quantities exept 0.1 or 0.2 will be sent back! Send BTC to this address: 19mZss2KvEtj82k27jx1hzpRzmKmnFkeDp
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author | crosswell |
permlink | re-cryptobobby-early-bitcoin-whales-sold-usd30-billion-to-speculators-20180610t200141580z |
category | cryptocurrency |
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Thanks a lot, it worked for me! I love you!!!
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author | cryptocrown |
permlink | re-crosswell-re-cryptobobby-early-bitcoin-whales-sold-usd30-billion-to-speculators-20180610t200858389z |
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You are welcome
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author | crosswell |
permlink | re-cryptocrown-re-crosswell-re-cryptobobby-early-bitcoin-whales-sold-usd30-billion-to-speculators-20180610t202111752z |
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root_title | "Early Bitcoin Whales Sold $30 BILLION to Speculators?" |
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So you are saying wait till all the rest of these retail "speculators" (that got in just to get in) sell out and bitcoin demand kind of bottoms out and then buy and HODL again? have you liquidated any of your holdings?
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author | jamesdenny |
permlink | re-cryptobobby-early-bitcoin-whales-sold-usd30-billion-to-speculators-20180610t204504903z |
category | cryptocurrency |
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I wrote a piece before also with regards to the BITCOIN futures being setting up to take the pricing power from daily traders to the banksters. It was all planned along to set up the futures market as a gig to push BTC from 10k to 20k and then crash it down afterwards.
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author | rksleung |
permlink | re-cryptobobby-early-bitcoin-whales-sold-usd30-billion-to-speculators-20180610t205436883z |
category | cryptocurrency |
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Needs to test 5k, weak resistance now. Going to buy more once bottom is found ![ShutUpAndTakeMyMoney.jpg](https://cdn.steemitimages.com/DQmPZWznZ7pfWeHRkL1hCyzkX5w6ybBfJp5TbfCxgoGpxVP/ShutUpAndTakeMyMoney.jpg)
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author | investblock |
permlink | re-cryptobobby-early-bitcoin-whales-sold-usd30-billion-to-speculators-20180610t211527600z |
category | cryptocurrency |
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That’s how it works, and guess what? https://steemit.com/cryptocurrency/@heyimsnuffles/crypto-carnage-is-imminent-20180610t190128430z-post#comments
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author | heyimsnuffles |
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![24rooh.jpg](https://cdn.steemitimages.com/DQmcxBLkDH9i7o1m8HitSxfZuJBdvL7kjJfL2Da1jXfK1hP/24rooh.jpg)
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author | artofwisdom |
permlink | re-cryptobobby-early-bitcoin-whales-sold-usd30-billion-to-speculators-20180611t084150772z |
category | cryptocurrency |
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