When the price drops it definetely is the exact time to show some strength to the bears. I agree that the current area is pretty much the place to be.
Judging by the intensivity and the mood of the bear, I am not surprised if it breaks and we go to 0.002's but that's unlikely and also perhaps harmful for the trend.
The seller is a whale, no question about it. Kinda dangerous to hold a coin that is held by some whales who can move the markets with their moods and emotions.
Judging by the intensivity and the mood of the bear, I am not surprised if it breaks and we go to 0.002's but that's unlikely and also perhaps harmful for the trend.
The seller is a whale, no question about it. Kinda dangerous to hold a coin that is held by some whales who can move the markets with their moods and emotions.
Yes, I've already learned that lesson with Cagara on Bologniex. This was an era when the highest daily volume for a coin was like 3000 BTC. I had no idea someone would show up out of the blue willing to short with 1000 BTC. Even if you own that much BTC yourself, what kind of idiot would risk it all in one move on an altcoin, plus insane counterparty risk of the exchange at the same time. I had to back out of a trade while still in profit, but was essentially bullied out of position because he was willing to risk more than me.
Funny enough, he tried to do the exact same thing to Eth when it began to rise, bully Eth pumpers out of position right around 0.004. It obviously backfired horribly. God only knows how much he lost from that. He may be living in a cardboard box now. Here today, gone tomorrow.