After reading the @shortsegments post about the difference in attitudes between Minnows and whales and analyzing what these monsters do in the Top100 BTC addresses, you realize how difficult it is for "insects" like us to survive decently in this uncertain ecosystem.
(Source)
As you can see in the chart below, the whales have never sold more than they have bought, at least since I have been monitoring them...
Their movements seek to destabilize the market, obtain some "profits" in FIAT and recover and multiply their BITCOINS...
Rinse and repeat...
Why do they keep doing it if they have the biggest stake out there?
Basically because of the same reasons that other BITCOINERS have, even insects like us that have been in this for so many years...
Accumulate, accumulate and finally accumulate.
The bet is clear, and its outcome does not necessarily have to come tomorrow. The road is narrow and difficult and after 6 years on it, I don't find that the "threats" proposed by governments and the traditional economic system can stop BITCOIN and all that it means.
This is not a bubble like the tulip one, this is a still an early period of high volatility that makes the distribution of BTC possible, however, for new investors who entered in the middle of the FOMO of the current cycle with a more short-term bet, what they are learning now will help them not to make the same mistake the next time. It's sad but it's the truth...
Each new cycle generates more and more BITCOINERS just based on trial and error...
Meanwhile, for us the mission is clear, Should I repeat it again?
ACCUMULATE
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Good review, you have my vote.
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Mine too, and a reblog to share!
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Ok, Thanks!!!
Your welcome.
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Bitcoin has a way of rewarding the faithful and spitting out the "quick buck" brigade. Those who make it here are those who returned and continued once they understood the process...
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True.
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In another 6 years I hope you'll become at least a Hive whale :)
You too
That would be pretty cool!
If the price drops further in this bear some may make it sooner
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No, I got it lol! ACCUMULATE!
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hahhahah!
LOL yep, you have your marching orders
:)
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Lol true bro
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:)
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Whales are increasing their assets by taking advantage of the decline and volatility these days. Frankly, I think they mostly buy the assets of inexperienced and panicked investors. For me, it's best to focus on accumulate
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Possibly the best we can do for ourselves is to accumulate.
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I totally agree with you bro. We must continue to accumulate consistently and consciously.
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Probably.
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I have had the feeling the last few weeks have been something of a 'shorting chicken' game.
I'm not sure they're quite done with that yet.
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Very novel and funny take on the situation, I like your metaphoric meme! …and like all memes contains truth :)
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Thanks for the mention.
I agree 100% with both points:
the Whales have one goal...to accumulate.
And the government serves no real threat to Bitcoin because the Bitcoiners have money, and in our world those with the most money have the most power.
Stacking
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