Quote from: cheezcarls on November 23, 2019, 11:36:46 AM

Despite Bitcoin plummeting in value, it seems that whales havent lost their appetite. One major BTC whale just withdrew 12,000 BTC ($89M) to an external wallet.

The market is in chaos today as Bitcoin experienced another double-digit drop. Just a week ago, Bitcoin was trading at $8,700 it is now trading at around $7,100. For the first time since May 2019, the market capitalization of the entire cryptocurrency market is under $200B. According to the Crypto Greed & Fear Index, the current sentiment is one of Extreme Fear.

Source link here

Look guys, I know how it feels when we are in a bloody market. Correct me if Im wrong, but there will be two scenarios about this Bitcoin whale:

Scenario 1: He bought it at a higher price and withdrew it while Bitcoin is on a bloodbath.

Scenario 2: He bought it at a lower price years ago, and withdrew it without even have to worry about the bloodbath.

If there would be another scenario, what would it be? Can you share it here guys? Thanks in advance!

The only thing we just have to do right now is to be very wise at this period and not allow all these dumping and playing of the whales to affect us or push us into panic selling because this is exactly what they want, as they have seen enough profit on the $8700, so they will want to look for the next opportunity to enter the market again and the first thing they will do is to use all these their tactics into crashing the market so that they can start accumulating again, and I will not be so much surprise right now, many of them are beginning to accumulate again at this cheap price because I really dont see the marektcap cap of bitcoin dropping below its current bleeding lines, so any moment from now, we could actually see some increase that is even higher than the initial.

annylawrence

Posts

Merits