so when is this happenening?
been 3 hours lol
+1
Opinion:
It has been happening since our friend the market manipulator lowered the fake sell walls and erected the fake buy walls every 1 satoshi to get you to pay progressively more and more for the coins he bought at 6500 and above. The dumping will pick up shortly and then plummet back to 7000 where a new floor has been reached. Folks will be dumbfounded wondering what has happened as they stare at their buy order history showing buys 20% and more over the price people were willing to dump 10s of 1000s during the manipulators buy up phase. They will then enter the denial phase "don't sell now, it will go back up in a minute, its just a trap" - while this is occurring those slightly slower to react than the announcer will dump their coins leaving the poor fellow with no option but to hold onto his coins because the price has dropped well below what he would be prepared to sell for. Eventually the price will go back up but during this time they have missed the opportunity to buy cheaply because they are stuck holding a bag of coins they paid far too much for in the first place. In this most common scenario that person will lose around 10-15% of the value as they will likely sell as soon as the price rises to within 10-15% of their buy price because that is an acceptable price to pay in their eyes to 'get out' (E.G. they bought at 7900, price plummets to 7000, they sell at 7400. The announcer however is basking in his greatness, having made bundles of BTC from suckers who couldn't help themselves - they had to try and get on board as the ship was leaving 'to the moon'.
It would appear his hand has been forced as we fall back to 7400. good.
