Re: Bitcoin Whales have accumulated thousands of coins in last 2 months
Pretty much. The rich get richer.
Wasnt crypto supposed to turn the tables? Nah thats not happening because people even though they are optimistic about bitcoin - the real money makers are the ones who already have money in their hands and know where they should put their green tasty fiat into for future moons. They know unlike shitcoiners that bagging bitcoin when prices are low is what is needed to turn the tables and not hodling and shorting when you can even for a 1$ change in price.
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Not surprising for me, have been hearing the same narrative for months now, and I do believe part of it is true (they're buying the dip).
They always buy the dip. Problem is rest of small caps traders fail to do so or are not willing to. After a few months though they will be same people complaining that they didnt buy the dip and regret it during uptrend. It sure must suck to be one of them. 