Quote from: fabiorem on September 22, 2017, 07:48:11 PM

Quote from: AtheistAKASaneBrain on September 22, 2017, 01:33:20 PM

Wrong. Bitcoin was all about putting fair rules for everyone, and the rules are fair and clean, open source, there are no lies within the protocol. You can never stop whales from forming and you can never stop them from telling lines. If you are stupid enough to fall for the FUD and sell and lose your BTC then that is your problem, not anyone's else or BTC's problem itself.

That is the problem of everyone, because weak hands are the majority, like 99% of users.

And those weak hands are pushing the price down, believing in whales lies.

If a whale sells part of its stash, and the weaklings dont follow him, so the price would not go down, and instead the whale will lose its dominance, since other people will buy it, believing it will go up.

It's the herd mentality which is pushing the price down.

Also, weaklings are always going all-in with bitcoin. They put all their investments into it, put all they have into a single basket. So they despair when it go down.

This is lack of financial education, which most of the herd dont have.

haha, you need to look at the market next time price is dropping and you will hopefully understand what a whale looks like. those big dumps all of a sudden with a large sum of bitcoin being sold on the market does not come from "herd". it is one order with a big amount coming from a whale. then the "herd" follows by multiple smaller sells after the price was already lower and then the other part of the "herd" follows when price is really at the bottom. and then if you look again you will see a big buy wall at some point be placed by the same whale with the same money to buy back what he sold.