Why cant just the price stay @32k....already at 30k..
Don't sell under 100k, many holders are not even going to sell til market hits 100k which it would be at if it was not for likes of Soepkip and gang. Keeping prices down. DON'T SELL TO THE MOB, THEY ARE TAKING YOUR COINS THINKING PRICES WON'T MOVE HIGHER, THEY WILL.
Won't go into how ridiculous this notion is to normal traders... but whatever.
Here's a thought to ponder... if someone with 1M-2M BC wanted to, they could pretty much drive the price to 5K sats without much effort... all without actually selling more than a couple hundred thousand in the process.
So this nefarious group of master manipulators and speculators is trying to accumulate BC at prices higher than necessary so those looking to exit can take less of a loss than if they had merely used the timing of the recent drama to incite panic selling in a massive way?!?!
Those have to be some of the nicest "selfish manipulators" I've ever encountered in my life. If only those involved in the CDS scandal would have been similarly "evil" - the whole recession of the past several years wouldn't have even been called a market correction.
It doesn't really work like that. If you had 3 million and sold 200-300k every few hours it would lower the price... but it wouldn't lower it that much. it would probably not even break 20k.
The orderbook does not represent the full amount of buying potential or selling pressure on the market.
