Ninjastic
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JimboToronto
on 13/12/2021, 19:47:23 UTC
⭐ Merited by OutOfMemory (1) ,d_eddie (1) ,JayJuanGee (1)
Quote from: cAPSLOCK on Today at 06:50:07 PM
Quote from: Torque on Today at 05:26:25 PM
Quote from: ivomm on Today at 05:20:42 PM
It seems that some entity is stubbornly selling despite the lack of bitcoin inflows to the spot exchanges.

A small nit: whales selling into their own walls is not actually selling.

Although I agree or at least resonate with most of your paranoid theories ( Wink ), this one never makes that much sense to me.  Why would the "whales" spend the money to do this.  Unless, of course, the whales are actually the exchanges themselves?

I am not questioning the validity of your theory.  I am saying I honestly do not understand it.  Can you elucidate?

Perhaps you should consider that maybe the whales only use exchanges to dump the price down while accumulating much greater amounts off-exchange at the lower prices they've created with their manipulation.