All these peeps, holding for the "recovery" after Aug 1st.....
Don't you know the big boys are going to crush those hopes right after Aug 1st no matter what the outcome is?
That's a lot of free coins for them to grab, they aren't going to let the little guy make any money.... that's their money as far as they're concerned.
And yes, it's free coins for them.... because they manipulate the price.... so all the coins they grab from you will be sold after they bring the price back up (even if only for a little while). That's free profit for them.
So if you're holding, that's great... more power to you. I'm holding too, but I do know what's coming and it's impossible to catch the bottom.... I just don't care and I'll be laughing all the way down.
Remember your wits, don't get emotional, and for heavens sake..... when everyone is jumping out of windows (and they will)..... LAUGH.
-DE
"Why does Goldman Sachs call retail investors "Muppets"? Because they are....."
I understand what you're saying, and I agree to an extent. If a whale is looking to pick up cheap coins, they will capitalise on the current uncertainty - if a lot of people are thinking that at 12:01am on Aug 01 prices will start to shoot straight back up, then the whale's best strategy is to throw in a sell wall to ensure that prices continue to fall... panic will ensue, people will throw their coins away for almost nothing, leaving the whale to buy them cheap.
I only agree to an extent though, because at the moment the market is moving as a whole. Everything is red. When the bitcoin issue is resolved, then everything will turn green. Which makes it harder for a whale to instil panic - for it to be truly effective, they'd have to either a) make every coin fall simultaneously, or b) focus the attack on bitcoin, which is obviously more difficult given the volumes involved.