The top 100 and 500 addresses are growing. Not only are there bearwhales, they keep getting mightier.
And this nonsense about miners dumping needs to stop. It's not nearly enough for the kind of price drops we are seeing, even if all of it was getting dumped. Which it isn't.
Topic: "Bearwhale" doesn't exist - page 2. (Read 1739 times)
Then how do you explain the more than 40% price drop in just a 2 weeks time span. Considering the size of bitcoin market cap, you need sizable fund coming from somewhere to drive down the price so quick and so fast.
Free market had enough after the exponential trend was broken. Inflationary pressure was too high, not enough new sheep buying. So panic happened. The last big drop IMO is simply the result of the inflation. People called it months in advance.
No new money: price goes down fast
I fail to see manipulation. I do not fail to see supply/demand is not in equilibrium.
There was theory of willy bot manipulating price upwards. But I think this selling is just people getting fed up. Bubble burst
Then how do you explain the more than 40% price drop in just a 2 weeks time span. Considering the size of bitcoin market cap, you need sizable fund coming from somewhere to drive down the price so quick and so fast.
Free market had enough after the exponential trend was broken. Inflationary pressure was too high, not enough new sheep buying. So panic happened. The last big drop IMO is simply the result of the inflation. People called it months in advance.
No new money: price goes down fast
I fail to see manipulation. I do not fail to see supply/demand is not in equilibrium.
Then how do you explain the more than 40% price drop in just a 2 weeks time span. Considering the size of bitcoin market cap, you need sizable fund coming from somewhere to drive down the price so quick and so fast.
Don't believe anyone who calls themself "Your mother" 
Sorry i don't wear suit and ties.
Don't believe anyone who calls themself "Your mother"
Sure maybe one-time 30k seller can have occured but that's also 'normal free market action' and no manipulation to the downside like 'the bearwhale' implies.
nobody says the 'Bearwhale' implies manipulation.
It just means someone owned 30,000 BTC (hence the term 'whale') but was 'bear' enough to sell them at the lowest prices at the time.
Sure maybe one-time 30k seller can have occured but that's also 'normal free market action' and no manipulation to the downside like 'the bearwhale' implies.
You didn't see the 30,000 BTC ask wall when it was put up, did you?
I personally think that the 30k wall was put up and bought by the same people. This show was probably a desperate attempt to build some upwards momentum, to get the price out of the steady decline.
The goal was to build confidence on the market that there is a strong demand on sub 300 prices. The truth revealed itself after this little show was over.
Bearwhale is an urban legend. What you see is the normal free market. No manipulation to the downside just the impact of the new mined coins being dumped every day.
If there was manipulation in the market it has always only been to the upside.
I dismiss the bearwhale-theory as an urban legend.
If there was manipulation in the market it has always only been to the upside.
I dismiss the bearwhale-theory as an urban legend.
It's not a theory.
It was a meme inspired by a very real (and documented) 30,000 BTC sell wall that was put up several months ago. The community bought it up and the meme was born.
It doesn't need to happen every time there is a price movement down for the occurrence to have been real. With all due respect, I think that you are posting this in an effort to 'dare' it to happen again. Unfortunately, that is not how the market works.
On a side note...despite the fact that we have the internet and can reference the occurrence in detail...I do think that it could become an urban legend at some point in the future. That really depends on where BTC goes...because the story is cool and won't not ever be cool.
You didn't see the 30,000 BTC ask wall when it was put up, did you?
Bearwhale is an urban legend. What you see is the normal free market. No manipulation to the downside just the impact of the new mined coins being dumped every day.
If there was manipulation in the market it has always only been to the upside.
I dismiss the bearwhale-theory as an urban legend.
If there was manipulation in the market it has always only been to the upside.
I dismiss the bearwhale-theory as an urban legend.
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