whales did not accumulate for reaching only the current price, i think is just a transitory phase, remember that is august, people usual have a RL.....
Ok, good point, but if a stream of new whales is flowing into bitcoin these days, then those whales start from zero bitcoins and have more incentive for short-term pump and dump than for long-term investments.
never thought about that, it could be yes, i always thought that whales are the early adopters, but it make sense in this view also, but for this the price shouldn't go too low though
Yes, remember that bitcoin is still tiny compared to the mass of whales in the ordinary currency markets. And most of those whales have zero bitcoins today. I think the bitcoin price may go up to $5,000 if there will be a big demand. But I don't think the price will go up much further than that because bitcoin will probably not become truly mainstream because of volatility, too slow transaction times, and too bloated block chain if millions of transactions would be done every 10 minutes.
