Bitcoin or Cryptocurrency in general are slowly been accepted and recognized by some financial institutions in some countries in the last few years. And there are well-known personalities that promotes the use of cryptocurrency around the globe.
But the questions is how come its value decreases after it has reached the highest in the last quarter of 2017. Was it being more accepted affected its value? What are your thoughts?
The last pump must have been caused by a series of whale activity followed by normal investors additional investment due to their fear of missing out, or those who ride along with the whales. Then came the massive market correction which is normal after a massive pump. Must be whales cashing-out their investment to secure profit.
This means that the "last pump" manipulated by the big whales do good for Bitcoin in the long run?. Because these financial institutions to notice of it (crypto) and adapted it.