Post
Topic
Board Speculation
Re: Are bitcoin whales complete morons?
by
hatshepsut93
on 17/05/2019, 13:57:46 UTC

If they would sell their coins within a period of 3-4 days they could probably get close to 8000 USD for every single BTC ...

How can you know that? The market becomes very unstable when the price moves so quickly, selling big amounts of coins when you feel that reversal is imminent is smart, because otherwise another whale will do it and will beat you to those profits. If there was more support across the order books, maybe whales wouldn't sell so quickly.