What happened to BTC?
1.Thousands of people came into the Crypto field and started buying in Dec/Jan. So the market hyped unbelievably.
80% of them have 0 technical knowledge about Cryptocurrencies.
90% of them does not believe in Bitcoin.
20% of them have absolutely no idea what a cryptocurrency is and how the market behaves.
70% of them just wanted some quick profit.
2.Some idiots bought and sold for quick money and dumped the market.
3.Some people got panic and started selling.
4.Whales saw this early and slowly sold part of their holdings. Now they are buying at low prices.
I quoted this because I agree that this is happening in bitcoin. I don't focus on ETH that much, only on BTC.1.Thousands of people came into the Crypto field and started buying in Dec/Jan. So the market hyped unbelievably.
80% of them have 0 technical knowledge about Cryptocurrencies.
90% of them does not believe in Bitcoin.
20% of them have absolutely no idea what a cryptocurrency is and how the market behaves.
70% of them just wanted some quick profit.
2.Some idiots bought and sold for quick money and dumped the market.
3.Some people got panic and started selling.
4.Whales saw this early and slowly sold part of their holdings. Now they are buying at low prices.
Until now, the market is crashing and I agree with that many just came here in crypto because they think that bitcoin is a way of "HOW TO BE A RICH IN A QUICK WAY". Most investors don't have any idea or knowledge in bitcoin and this is a hard truth. Most just throw their money hoping that it will give them profit which is way way wrong. They don't know how to read the charts. What is the end result? They will post in different platforms with rage saying "Now is the end of Bitcoin" or "Lost half of my capital, What to do?" blah blah bullshit..
Since most investors don't know anything about bitcoin, they are easily affected by the FUDS spreading across the internet and then when they saw a negative news, they will sell all of their bitcoins even they will loss some of their money. They panic sold. STUPID NEWBIES!!!!
I know that whales are manipulating the market right now although I don't have an evidence but many know it already. "Who controls the money controls the market"
