Quote from: crossabdd on January 05, 2020, 06:16:48 AM

this is what happened guys, in my assumption. Whales is waiting for everything to be quiet, bitcoin holders are getting tired. and most will sell their BTC. I saw this when I was 2014 last. which BTC has the lowest price of around $ 200. and at that time trading was not like today. that's when whales made a surprise by pumping, then continued until 2017. I believe bitcoin still has a new ATH and it will come soon.

That's certainly true, mate. Whales are the ones who mostly manipulate the crypto market. They always buy low and sell high no matter the circumstances. Whenever there are negative news about crypto and Blockchain in general, they always resort to shorting crypto at exchanges for their own benefit. Whales easily buy cheap coins from frustrated investors (mostly noobs) to sell later at a higher profit. When the time is right, they'll pump the price of Bitcoin to the roof just like it happened way back in 2017.

I believe that the same thing will happen this year, since the halving event will take place soon. The less Bitcoin there are, the more valuable it will turn out to become in the long run. Of course, we cannot deny that regulations have had an impact over the crypto market's growth rate. But the decentralized nature of Bitcoin and other cryptocurrencies, allows anyone to set their own price at will instead of a central authority (like a central bank).

Nonetheless, we cannot deny that Bitcoin is largely unpredictable at times. It can either turn out to be valuable within a couple of days, months, or even years from now or all the other way around. I still have hope that Bitcoin will turn out to reach a new ATH this year, or the one after that. As long as you're able to accumulate coins while their prices are depressed across the market, you'll be able to obtain double or triple your investment within a couple of years from now. Just my thoughts Grin