So I'm new to the crypto investments. So can someone explain to me where are the whales that sold high? What are they waiting for? They would get more coins so a bigger ROI once everyone starts buying again. Or is there something else I'm missing.
You mean what the whales are doing at a time like this? Most of them are just going to hold. I don’t think these whales has the time to be traders just like a lot of us are. Whales are mostly just big investors who just wants to invest and own the assets. They are not afraid the regular investors, they just invest and hold their assets, because they know very well that the market is going to recover at anytime, so they don’t want to sell their coins and lose when the market is recovering.
We have seen so many of them that have invested this year, do you think they will sell immediately? No they won’t. They are going to be holding their assets, and they can hold it for years till the market goes up again, and then they will sell and make huge profit.