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Topic: Simple explanation of the crash. - page 2. (Read 235 times)

legendary
Activity: 1134
Merit: 1597
March 14, 2020, 03:43:12 PM
#3
No point in changing your mind if you think that BTC was the most stable asset in the recent months. You're already wrong from the start.

Smart whales (and I guess they're smart since they're whales) have probably sold weeks ago. Now that the price has dumped, it became a logical thing to me that the price has to drop during a health crisis. People do not care anymore about their holdings during this time: it's time to prepare for survival, not to become rich.

The intelligent ones have sold long ago and are now purchasing at lower prices to lower their avg cost. The ones in need (or driven by panic) are selling now. Both kinds of people are leading to the same market move: a huge dump.
sr. member
Activity: 1568
Merit: 321
★777Coin.com★ Fun BTC Casino!
March 14, 2020, 03:27:23 PM
#2
Whales cashed out from the most stable asset in recent months (that is BTC of course  Grin)
To make some dollies on extremely volatile, classic, cash grabbing, roulette-like, FED(fake) stock market.
Change my mind  Cool

There's nothing changing on the Bitcoin side. Bitcoin is still a revolution for human life. But the age of others is slowly closing.
Cryptocurrencies have a purpose, vision. (not all) This still makes me think the potential is high.
hero member
Activity: 1638
Merit: 756
Bobby Fischer was right
March 14, 2020, 03:12:34 PM
#1
Whales cashed out from the most stable asset in recent months (that is BTC of course  Grin)
To make some dollies on extremely volatile, classic, cash grabbing, roulette-like, FED(fake) stock market.
Change my mind  Cool
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