Quote from: millionaireshs on July 17, 2018, 03:40:26 PM

Quote from: freightjoe on January 22, 2018, 01:59:26 PM

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 think you should take some research about how Bitcoin really works because you are missing the point. I believed that it was subjective and too vague to be true because in the history of Bitcoin, there are events wherein it is worse than today but look at the Bitcoin now it will still there. Although it is down today there are other alts that can use such as ETH to somehow solve our needs and save us from continuous brakedown.

But the OP really have his point what is always happening about bitcoin, whales are just getting richer and newbies will always loss their money if they will not learn how bitcoin works.