Whales "can" do that if they want to, but sometimes it is easier for them to do that whereas sometimes it is even harder. I know for a fact that it is not going to be that easy for them to drop it even further for example. Because the price is already low, so in order to sell and drop it, they would have to accept the fact that their bitcoins will be sold for a very cheap price, whereas what we are talking about here is making a good return if they just wait up, or even buy.
So, if you were a whale, which one would you prefer, hoping to make a profit by selling for cheap and others would follow your lead? Or would you just buy more and hope that it would go up even more getting everyone hyped?
So, if you were a whale, which one would you prefer, hoping to make a profit by selling for cheap and others would follow your lead? Or would you just buy more and hope that it would go up even more getting everyone hyped?
I would prefer to choose an unexpected strategy each time so that no one expects a trend change. To have an option of buying low and selling high. If you follow the crowd, you will never make big enough money, as you will only get leftovers.
