Now that we are all Bitcoin Maximalists, we need to take it to the next step and get rid of the confusion surrounding the monetary evolution of Bitcoin:pic.twitter.com/fwh8Ehsjw9
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do you think the whales that can afford a) best trading algos b) access to insider info c) push the price up or down (even if only temporally) - do they buy at ATH and sell during accumulation periods? Here is your answer.
pure speculation. The way I see it Bitcoin's Gini coefficient is improving after each boom and bust as whales are selling some gains after spikes.
it's not early believers' fault that most of the world hasn't seen the value of Bitcoin yet. Whoever notices the money of the future earlier than others deserves the rewards.
LOL what do they do with the gains? I guess they don't believe in BTC because they WILL NEVER EVER buy it back lower (according to you) - ridiculous and self contradictory theory.
buy yachts, houses, planes. no matter how rich a whale is, it is prudent to take some profits off the table after massive spikes.
If you know what you are doing you can sell the spikes, buy the plane and still be up in BTC (if you buy the accumulation with the rest of the gains). Most of newcomers are up in USD but down in actual BTC (via BTC & alt trading) who is taking money (BTC not USD) from them?
if you don’t want to be susceptible to these short-term games you are welcome to buy and simply hold for 7 years. no one is forcing retail to fomo in and fomo out haphazardly. Bitcoin will get increasingly harder to manipulate as it grows in size and liquidity + public knowledge.
saying that "nobody is forcing anybody to buy high and sell low" doesn't matter since retails are always going to do that. What I'm saying is this: if you were able to corner BTC market you are not going to give away your BTC. Why would BTC whale-believer buy into USD?
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