Quote from: Slow death on July 05, 2018, 08:24:47 PM

Quote from: cybersofts on June 30, 2018, 02:26:47 AM

The total cryptocurrency market was $238 Billion a few hours ago and yet the market is almost $260 Billion.

The price does not rise much and if we continue this way we will have a very big fall, because people get tired because they do not see a big increase and they sell and as always the price drop generates panic and panic it generates more price drop, so we will not be optimistic because we do not have much demand for the moment and just to remind, the governments of many countries are adopting very tough measures against bitcoin, so this is affecting the price

That is the idea and what the whales simply want. Let the weak hands that are still having some slight hope get broken and get out of the market to be able to buy up all their positions while they come back whining to join FOMO over again after being screwed.

From this last move that happened though, I was not expecting any smart investor to really count it as anything as that was a very weak bullish momentum. Moreover, we have very huge resistances above us, so, it would take more than what we just saw to be able to break through them.