Hi
I saw todays dip and then read that a whale von Bitstamp sold about 3600 coins at once and tanked the price down to 6200 for a short period of time. Now it stabilized at around 7200 USD.
Why do these people do this? Are they just morons?
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 ...
The morons are those who bought when bitcoin pumped and sold after the whales dumped on them. It might even be that it is them that initiated the current bull run. You can't call them moron, they are geniuses.