The whales are now dumping their coins and it has caused a major fall in the bitcoins price. But even after those dumps the supporters of bitcoin with its numbers is trying to overcome the dumps by buying more bitcoins from the market in the low price. Many bitcoin supporters are happy to see the price of bitcoin to fall down since it is a signal for them to buy more. More power to bitcoins and to the community, its time to buy more bitcoins!
Yes its actually quite true because there is a sudden decrease though honestly whales have very very huge amount of bitcoins and if they just sell 5-10% of their coins the market takes a swing, we cant really take much from them but yeah its better to have bt more spread rather than huge amounts to lesser people.
I agree with you that having btc spread more to people is really a great deal since the more it spreads, the lesser others have control in it. I also think that it might not be the best time to buy bitcoin, but it is a great time to buy more but it might go down so its not the best. I really hope that in the next few days bitcoins price will rise back again to 1000$ levels, and to 1200$+ levels in the next few weeks.