Hey guys,
I've been thinking of coming up with an interesting question and this is what came to my mind when I technically thought about the effects of different events ongoing in the crypto world (ETF delays, critical statements by Goldman Sachs and Jamie Dimon, bearish momentum ongoing and super crash).
I believe that this is a marginal call for all those weak hands who are taking this as the "END OF BITCOINS" to be shaken off till they react on this event and come out, sell off their coins for cheap to those strong players who wish to spike the value of Bitcoins to levels where those selling today won't ever be able to buy back. I call this a strategy to spin a lot of FUD through media and many different sources to make people scared of crypto by dribbling down the values of each and every of those coins out there. Believe me, ETH is not going to make it and for it to go down to its worst level (which might take a few more months), it needs many more shit alts to go to 0 levels as well. For Bitcoins, I'd say this is just the beginning and we are here to stay, crypto won't be ending ever.
ETH won't go down so soon, Litecoin might after like 2-3 years, since its sort of a rip-off of bicoin,ETH won't because so many ICOs are built over it.
This "marginal call" has been happening for years, its not a new thing, the term might be, but the idea of it isn't new. A lot of people knew that idiots panic sold and whales bought it. This happened in a stock markets as well. Whales use several tactics, a few people know the common ones, but there are unique strategies that no one else other than whales know. And this marginal call happens to every investment that has a monetary value to it.