Post
Topic
Board Speculation
Re: Whales trying hard to push the price down to trigger FOMO before big rise
by
MingLee
on 26/06/2016, 16:22:58 UTC
Whales stopped again the uptrend by pushing the price down and hope weak hands [yadda yadda yadda]

Those whales weren't, by chance, responsible for the $100 spike a few days ago, were they?
That was natural, organic growth due to merchant adoption and sociopolitical macroeconomic fundamentals yadda yadda yadda?
A lot of the Bitcoin market is driven by speculation, and as such it likely was the whales who went and helped to spike the value of Bitcoin up 4100, no question, but maybe $10-$20 was actually influenced by sociopolitical events, and some of the fiat market movements derived from said sociopolitical events. The whales also likely influenced the downtrend, and so on and so forth.