Quote from: gabbie2010 on July 10, 2022, 12:04:54 PM

Quote from: Gosgosking on July 04, 2022, 08:40:09 PM

Whales will always buy bitcoin in every dip bitcoin goes , whales knows the secret of becoming rich in bitcoin, that is why they see every dip as an opportunity to buy bitcoin. We need to learn from the whales and see reasons why they buy bitcoin in every dip. It is better to hodl now than to sell bitcoin to whales at loss.

It's a pity that because of fear and emotions some weak hodlers falls for the whales tricks, they panicked and sell due to the falling price of bitcoin which fell to hands of the whales, historically price of bitcoin always bounce back no matter how dip the price this is fact any new investors or newbie should be aware of, price of bitcoin dipped to $17K+ yet it bounce back to $21K+ now gradually and slowly the bullish sentiment will resume while those who sold their coins to the whales at a loss will have a cause to regret their actions having watched the price rallied up just within some days.

I agree, it is definitely an unfortunate event that makes them lose money to people who already do not need money. People who are poor, and do not know how the trading game works, end up losing the very few they already have, the money they need so much, and the millionaires and billionaires end up getting that few thousand dollars from tens of thousands of people during this period, and turn that into even more billions of dollars worth of profit.

The whole point of bitcoin was to create a playing field that was leveled. Instead of that, we got ourselves another market where the rich would take the money of the poor and that results with this current situation instead.