Post
Topic
Board Speculation
Re: Is it drawing a box between 4800 to 5400?
by
cryptocrusher
on 16/11/2018, 14:16:03 UTC
Don't make predictions like that because the fake news would probably go on our way for sure and some of us will believe those fake news and withdraw their coins that will reflect with the value of the market which is not good.

But if people withdraw their coins in such way, that means they are not really trusting on the coin or don't understand how the market works. Also, if people withdraw theirs, the effect will be temporary because new investors will come in .

It's one positive for the long run, if weak hands are going to sell then it's better to happen now and they be replaced by stronger hands. I don't believe that there are many weak hands left and selling, I think this is mostly big players influencing the market with big sell orders. Most small fishies already left the market in the last 8 months.