Topic: The Data PROVES It: The Wealthy Were BUYING, As Amateurs Sold In Fear... - page 3. (Read 452 times)
July 23, 2021, 08:34:40 AM
amateurs are people who are new to bitcoin and they buy coins when the price is high, when there is a slight decline they panic and sell the assets they have, and it is the whales who start playing when they panic to hold the coins they sell when the price is high, and they buy again at cheap prices from amateurs
July 23, 2021, 08:02:16 AM
This is generally how markets work, those with deeper pockets who can withstand downturns will force out the smaller players who can't. This is why the argument that "invest in crypto with money that you can afford to lose" has some validity.
July 23, 2021, 06:37:43 AM
Despite all of the valid points in that article, I do not agree with the latter part of the subject field... There's a big possibility that some of the so-called "amateur investors" are just selling to cover their expenses [not everything has to do with fear].
Does anybody know another source that shows that data clearly [it's way too small]?
Does anybody know another source that shows that data clearly [it's way too small]?
July 23, 2021, 05:46:20 AM
I guess it's pretty obvious, the whales have deep pockets and will continue to accumulate as long as bitcoin is very cheap on their eyes. As compare of like average joes, who might invest money that they can't afford to lose and hoping that they will hit the jackpot in short amount of time.
Nevertheless when the price goes down, just like what we've witnessed in the last 2 months. They sold in fear and panic.
Nevertheless when the price goes down, just like what we've witnessed in the last 2 months. They sold in fear and panic.
July 23, 2021, 04:29:26 AM
Good thing that I am not some newbie in this business, I know how they are going to maneuver/manipulate the market so I continue to hodl and accumulate because I know that what the whales are drawing is that they want to shake off the panic sellers so the prices can further go down and then they can finally buy back what they have sold in profit.
Just like you, I guess anyone that has been in the crypto space for a while knows this even though some might still fall into selling due to fear of "How long will it take for the market to recover". This has been a continuous talk about why you shouldn't sell your Bitcoin any time the market dips because if you think about it, you are not just selling into thin air, some people are buying up whatever you sell and are mostly whales accumulating what the weak hands sell-off and too many times, it has been proven that HODLing pays off at the end. July 23, 2021, 04:06:32 AM
Good thing that I am not some newbie in this business, I know how they are going to maneuver/manipulate the market so I continue to hodl and accumulate because I know that what the whales are drawing is that they want to shake off the panic sellers so the prices can further go down and then they can finally buy back what they have sold in profit.
July 23, 2021, 03:56:02 AM
The Whales, bitcoin holders who manage between 1,000 and 10,000 Bitcoins, who had sold when the price had topped $30,000, have changed their strategy and are now accumulating.
Comparing the activity of seven holder segments over the period of November 2020, starting from those with less than 1 BTC to whales: addresses with less than 1 BTC, 1 to 10 BTC, 10 to 100 BTC, 100 to 1,000 BTC, and 1,000 BTC to 10,000 BTC... >>Continue To Article...
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