The establishment wants your coins. Don't let them have them.
They chose to dump on BTC and Monero in particular. Why? because they are the biggest threats to the established order of things. They can't beat them, so they have to buy them - but they want to buy them cheap.
Only sensible conclusion: HODL.
I want to believe this... but how does it make sense? If they want to BUY then why would they lose money selling to make the price lower so they could buy?
It just seems kinda self defeating.
I know it seems counter-intuitive, but there is not much volume around and picking the right exchanges to dump on at the right time is a method larger pockets can easily afford. it's possible to short the price with borrowed coins and dump them.
Retail buyers (like us) are generally holders and incapable of buying back in serious volume, as well as easily demoralised and hesitant to act in a jittery market. There is not new money pouring in that provides much risk for the whales of being caught out.
A little stop-hunting can magnify a shorting move, too - as longs blow up and margins get called. I am sure this kind of dump happens at strategic moments, when a weakness is spotted and the market is headed that way in any case - leverage is of course cheap if it works. I am equally sure it is profitable when done right. Often it's for profit in BTC, other times it's to accumulate extra XMR.
Have you never sold and bought back after a drop to increase your stash, then sold a little on the peak and kept it ready for the next dip? That's day trading, we all get that. Forcing it down to engineer that move is just the next level. Doing it on borrowed coins is more audacious still (and more profitable if you can cope with the risk).
There is demand for XMR, though - don't doubt it. There are greedy XMR whales out there, too - not that we will know who they are or see the money moving around, of course
