Quote from: Pattart on May 19, 2019, 05:09:16 AM

Quote from: Wilhelm on May 17, 2019, 11:31:14 AM

Quote from: mike4001_ on May 17, 2019, 11:28:16 AM

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 ...

Pump ... Dump ... buy back lower
Buy Low Sell High

Yes they are morons Roll Eyes

What you are saying i be greedy. All traders know that greed kills.
These whales probably made their whole year in this run.

Thats how market works Buddy! when they sell high prices with tons of bitcoin, then many people will panic and sell. prices fell then whales returned to re-buy, tell me where was the stupidity you saw? they are smarter than we imagine, sometimes it's hard to guess what their plans are. if we know what they are planning, maybe we can avoid losses and profits at the right time.

They are smarter than us and they can manipulate the market if they want to. Whales have that strategies and even more effective with side, they'll wanting more panic sellers cause they are the one who are greatly benefiting for this. If we don't have trust with the market, will simply near into becoming one of the panic seller.