What a retarded dump. epic failed.
The dumps serve twofold purpose:
- Opportunity to sell many coins at reasonable prices
- Scare effect.
occam says dump = taking profits
We don't need fiat profits.
The ones who are interested in fiat do not have so many coins that they could make a dent in the price. As I told above, dump is either manipulative speculation (I) or nasty manipulative speculation (II).
Remember - manipulators are never out of coins.
Yes but it looks like most of them might have $ signs on atm. That looked more like minnows than a whale, maybe just another shakeout though.
The battle is during the next 24-48 hours. If we can force China to stay below 4000, even better <3000, and make a row of daily red candles in western exchanges, then this was officially a bubble, and a bear market will commence for the remainder of the year. The price is still so high, it is profitable to sell and buy back cheaper -
I invite you to join the BEARS!