You think someone sold 3600 bitcoins and didn't bought anything back?
I am 100% certain whoever sold that much bitcoin to dump the price actually bought it back from cheaper and got even more bitcoins. I am not a technical analyst so I can't really say what the support line was at bitstamp during those times but dude could have managed to break the support line go lower and then gathered as much as he can until the next resistance line. That way he guarantees that he is not going to be outbid by anyone since the lines are clear and he can break all of them whenever he wants to with the amount of money he has.
Whales do not become whales for no reason, they are whales because they know how to handle their money very well so whenever you think they did something wrong wait a bit more.
Topic: Are bitcoin whales complete morons? - page 3. (Read 720 times)
Everyone takes the opportunity that has. And whales are in much different position compared to rest of us and they do something because just they can. But there are reasons behind their decision and they don't certainly care about the rest of the market.
Hi
I saw todays dip and then read that a whale von Bitstamp sold about 3600 coins at once and tanked the price down to 6200 for a short period of time. Now it stabilized at around 7200 USD.
Why do these people do this? Are they just morons?
If they would sell their coins within a period of 3-4 days they could probably get close to 8000 USD for every single BTC ...
I saw todays dip and then read that a whale von Bitstamp sold about 3600 coins at once and tanked the price down to 6200 for a short period of time. Now it stabilized at around 7200 USD.
Why do these people do this? Are they just morons?
If they would sell their coins within a period of 3-4 days they could probably get close to 8000 USD for every single BTC ...
They are not morons.
Actually, they know exactly what they do. When they sell they drop the price and maybe they buy again instantly. The market is strongly manipulated by them and they have made many profits from these strategies.
Hi
I saw todays dip and then read that a whale von Bitstamp sold about 3600 coins at once and tanked the price down to 6200 for a short period of time. Now it stabilized at around 7200 USD.
Why do these people do this? Are they just morons?
If they would sell their coins within a period of 3-4 days they could probably get close to 8000 USD for every single BTC ...
So many factors are involved. From what I have read this pump was a short squeeze by deep pocketed whales buying in order to liquidate shorts. When it gets to the top and no more left to squeeze they short the top(or short on the way up) then dump. It is actually fascinating watching this all unfold. But whales are our friends. They have helped drive the price to $20k. Im sure at times when there have been rogue players maybe trying to drive the price down and hurt btc they stepped in and bought. Does it suck that they dumped? Of course, but unless you were planning to sell they beat people to it first. It may continue to drop for awhile but im looking at it as a buying op for the real bull run. Just my 2c.I saw todays dip and then read that a whale von Bitstamp sold about 3600 coins at once and tanked the price down to 6200 for a short period of time. Now it stabilized at around 7200 USD.
Why do these people do this? Are they just morons?
If they would sell their coins within a period of 3-4 days they could probably get close to 8000 USD for every single BTC ...
G/l
People with 3600 coins probably are a not morons (at least in a economical view)
Unfortunately these things happen, you'll get used to if you follow the market, it's a strategy to sell high and buy low, because they have a high amount of coins
Unfortunately these things happen, you'll get used to if you follow the market, it's a strategy to sell high and buy low, because they have a high amount of coins
They just follow old models. Pump a few weeks. Look where the price stabilize. Wait 2-4 days. İf stagnation, dump. Then wait another 2-4 days how the market reacts. If nothing happens, dump one more... You will see, if we hover around 7k for 3-4 days the next dump to 6k will come.
This happened so often the last years.
This happened so often the last years.
I don't think that the whales are a moron because they will have their strategy in the market which we don't know.
They will not tell what they want to do to us because that is their secret and they want to get the benefits of the downtrends.
We cannot say that they made a mistake by selling their bitcoin right now because I am sure that they are doing what it takes related to the market situations.
They will not tell what they want to do to us because that is their secret and they want to get the benefits of the downtrends.
We cannot say that they made a mistake by selling their bitcoin right now because I am sure that they are doing what it takes related to the market situations.
I think they sell because maybe they buy when price was 4000$ and they could sell for a good profit, but they should not do this because if they wait more they can get a good profit if the price go over 10000$.
If i own such money i would definitely sell it all together to make the price drops hard then buy again at the new low. I will keep doing the same thing over and over to grab as much as I can!
If they would sell their coins within a period of 3-4 days they could probably get close to 8000 USD for every single BTC ...
How can you know that? The market becomes very unstable when the price moves so quickly, selling big amounts of coins when you feel that reversal is imminent is smart, because otherwise another whale will do it and will beat you to those profits. If there was more support across the order books, maybe whales wouldn't sell so quickly.
If they would sell their coins within a period of 3-4 days they could probably get close to 8000 USD for every single BTC ...
But they get $8000 or close to that because they sell all at once, and not only that - they probably buy back some coins when price is drop to $6200 on Bitstamp. This is win-win situation for big players who can move market in direction they want anytime.
Imagine a possible scenario, few months ago you buy 5000 BTC at the price of $3000, which is investment worth $15 million. Today you sell those coins at price close to $8000 and get $40 million, profit is $25 million. In case you manage to buy at lowest price ($6200) you can get your 5000 BTC for $31 million and enjoy in $9 million of profit, you have bitcoin and cash - I would not call them morons
They had to make money, very simple.
Selling at profit, buy back at the dipped price, rinse and repeat
Selling at profit, buy back at the dipped price, rinse and repeat
Why do these people do this? Are they just morons?
If they would sell their coins within a period of 3-4 days they could probably get close to 8000 USD for every single BTC ...
If they would sell their coins within a period of 3-4 days they could probably get close to 8000 USD for every single BTC ...
Some took the opportunity to cash in the gains from the last days.
I believe that there's a possibility that somebody thought he'll be able to lower the price a lot more and profit, but failed to do that (the market didn't follow the downtrend and stabilized at 7000-7200).
They dump their huge bitcoin because they already made big money on that.
If they were able to buy at dip which is around $3300, a 100% profit is already big considering the amount of bitcoin they dump.
That's the logic here, they are whales and they are smart, no waiting anymore when you can make money at the price now.
If they were able to buy at dip which is around $3300, a 100% profit is already big considering the amount of bitcoin they dump.
That's the logic here, they are whales and they are smart, no waiting anymore when you can make money at the price now.
it is very difficult to understand how the brain of certain people work, maybe that person had bought when the price was $ 3100 and realized that he had already made a lot of profit and decided to sell. That's why we need to have a big market that is very strong, so things like these will do not happen
Hi
I saw todays dip and then read that a whale von Bitstamp sold about 3600 coins at once and tanked the price down to 6200 for a short period of time. Now it stabilized at around 7200 USD.
Why do these people do this? Are they just morons?
If they would sell their coins within a period of 3-4 days they could probably get close to 8000 USD for every single BTC ...
I saw todays dip and then read that a whale von Bitstamp sold about 3600 coins at once and tanked the price down to 6200 for a short period of time. Now it stabilized at around 7200 USD.
Why do these people do this? Are they just morons?
If they would sell their coins within a period of 3-4 days they could probably get close to 8000 USD for every single BTC ...
Pump ... Dump ... buy back lower
Buy Low Sell High
Yes they are morons
What you are saying i be greedy. All traders know that greed kills.
These whales probably made their whole year in this run.
Hi
I saw todays dip and then read that a whale von Bitstamp sold about 3600 coins at once and tanked the price down to 6200 for a short period of time. Now it stabilized at around 7200 USD.
Why do these people do this? Are they just morons?
If they would sell their coins within a period of 3-4 days they could probably get close to 8000 USD for every single BTC ...
I saw todays dip and then read that a whale von Bitstamp sold about 3600 coins at once and tanked the price down to 6200 for a short period of time. Now it stabilized at around 7200 USD.
Why do these people do this? Are they just morons?
If they would sell their coins within a period of 3-4 days they could probably get close to 8000 USD for every single BTC ...
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