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Topic: Do whales harm themselves with the dumps? - page 2. (Read 1862 times)

sr. member
Activity: 392
Merit: 250
It is true that many whales harm themselves. Many of them are cutters. I know a whale who cut himself and is currently serving a prison sentence for whaling.  Cry
legendary
Activity: 896
Merit: 1000
they are whale for a reason. they know exactly what to do without losing a single penny.
whales are not that different from us "normal traders" except that they have a huge load of funds.
they have a trading stash and a personal stash in cold storage. they will benefit anyway no matter if the price goes up or down.
legendary
Activity: 1218
Merit: 1003
Maybe these whales are in fact miners who need to realise some of their profits to pay the bills?
Or they are leveraged shorts that kick the market downwards purposely, remember peopl can make money in both directions now..

If it is just people with lots of bitcoins selling on a whim, then yes, it's stupid!
hero member
Activity: 812
Merit: 509
they are professional traders i believe, this mean that it's worth for them to trade, and to generate as many P&D as possibile, obviously there many whales, so some of them will end up losing money

the point here is to increase your bitcoin number, holding them can't do that

and they don't dump , but they make you dump, to buy cheap, at least this should be their strategy with all those walls

Do you this they may have gambler's type of of psychology? Some of these recent sharp dumps seem to be more downward than they amount they could have pumped. I get the impression that some are just gambling again and again and losing out.

I do think these dumps are pushing some guys away from btc and thus having a bad affect on the price. The whales would do better to just let things grow. After the recent dumps the growth rate has suffocated.
legendary
Activity: 3248
Merit: 1070
they are professional traders i believe, this mean that it's worth for them to trade, and to generate as many P&D as possibile, obviously there many whales, so some of them will end up losing money

the point here is to increase your bitcoin number, holding them can't do that

and they don't dump , but they make you dump, to buy cheap, at least this should be their strategy with all those walls
hero member
Activity: 672
Merit: 500
I think holding is a cost and a risk for them. They could invest in something else while holding and make more profits. It is in their best interest to hold for as little time as possible and reap in guaranteed profits.
hero member
Activity: 812
Merit: 509
For all of us holders and non-holders, an organic rise in the price would be beneficial. A steady rise will only bring in new holders and users. However these pumps and dumps really delay a slow rise and they put people off adoption.

Would is not benefit the whales more just to hold rather than keep putting people off with their dumps?
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