Quote from: glowing10 on November 19, 2018, 03:18:56 PM

Quote from: Kimonoe on November 19, 2018, 03:15:14 PM

Quote from: Betwrong on November 19, 2018, 02:22:01 PM

Quote from: reality18 on November 19, 2018, 01:11:42 AM

The question is, what happens when a coin skyrockets to a price satisfactory to every investor? Definitely, more than 90% of the investors will begin to withdraw in order to make profit. This is one of the factors that has caused the drop in price of Bitcoin. It is called the correction period and until the investors reduce the withdrawal and reach a stage where another set of investments are made which surpasses the withdrawal, the bear market will continue.

I would argue that 90% of the investors would begin to withdraw in the case you described in the first sentence. Most of the current investors are not traders and they are not looking for profits in a short term. The main factor which caused the drop in price was not the selling by most investors, but rather the selling by a few but very wealthy ones, who are called whales. And we will continue seeing the bearish trends every time the price rises significantly until they will run out of their stashes, in other words, until all the coins they have will be distributed among millions of long-term investors.

it seems they know very well what to do, with the current conditions, indeed i think the whales are planning something to get big profits. technically the bearish trend still continues

The bitcoin has corrected far more than it was expected and I think all the big whales probably are out of the market and might be looking at opportunity to buy back lower so that they can make huge profits as bull run might begin when they enter and can en cash profits before the year end and have a great year. Keep buying on the dips to get the better profits on your money.

The thing is that some of them are not going to buy back, and this actually a good thing because they will no longer be manipulating the market. If millions of Bitcoin users will buy what whales are dumping these days, the bearish trend will be over in a week or two max, and a steady growth will start. I may be wrong, but it seems to me that some of the oldest Bitcoin adopters have gotten tired of the game by now, and are going to quit forever this time.