Post
Topic
Board Bitcoin Discussion
Re: Face up to reality: The game is over
by
josephpogi
on 07/07/2018, 04:40:06 UTC
The development since late December shows very clearly what is happening.

The whales - and anyone else with half a financial brain - are slowly selling all their bitcoin. As they sell, prices begin to drop sharply. They then hold back on the selling and newbies and "HODL'ers" are foolish enough to "buy the dip". This sends the price back up.

It then repeats with rates dropping again, until the newbies and "HODL'ers" buy the dip once more.

Except on every round the dip gets deeper and deeper.

The game is over, and anyone so stupendously stupid to keep buying from the whales who are unloading are basically just throwing their money away.

Face up to reality, the party is over.
I don't think that the reality would be 'The game is over'. Bitcoin has had numerous drops before, but it has always recovered and gone even higher. It should be going up again this time as well. Buying in the dips would be the wisest thing to do, as you'll see btc going up again soon.