Where are the whales going in a hurry? Part 1

26 June 2019, Wednesday, 14:32 - Edward Xilay
Where are the whales going in a hurry? Part 1

There is a popular view that the older and bigger the asset becomes, the longer its growth/fall cycle takes. This makes sense because the number of market participants increases with growth, which ultimately reduces volatility.

I've noticed that many chat rooms explain the current growth of Bitcoin by manipulative games, saying that we are growing unnaturally and we are about to fall back, at least by -50%. Gentlemen, BTC has always played to the tune of major players, any significant price movement somehow happens with the permission of powerful men. There is no need to be angry that this time everything is not going according to your plan. You either agree that the chart is drawn by a small group of people, or you shouldn't engage in cryptocurrency at all. Yes, there is a popular belief that the older and bigger the asset becomes, the longer its growth/fall cycle takes. This makes sense because the number of market participants increases with growth, which ultimately reduces volatility. But we do not have a stock market here. Your expectations are your problems. (c)



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