Post
Topic
Board Economics
Re: How many people have been panic selling? I didn't.
by
Harriti
on 08/05/2020, 02:56:07 UTC
I've contacted a few friends who hold like me. They're all very concerned by the huge drop, but none has sold a single BTC.
We're all holders.
I know it's huge, but I believe the sharp fall in BTC's price has been caused by a very small number of individuals.
Waiting for data...
That's the powerful manipulation of the whales. If you pay close attention, before the bitcoin plummeted, the whales pumped bitcoin's price to over $ 250 to kill Short and then they sold off aggressively. This is really a game of futures and margin trading. We should be careful when those derivative trading volumes are high, which is similar to going to have powerful manipulations.