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RE: Bitcoin BTC Jan 24 Technical Analysis Update - No official uptrend confirm. Massive Rejection.
What I don't get is how big whales, like the Winklevoss twins, cannot do anything about this price drop. A recent article says they may have a loss around $350 million because of the recent price collapse.
that's what HODLING is all about. They are long time hodlers.
How can you be sure they are not selling bitcoins, hoping to buy them back at a lower price? At the end of the day, bitcoin is simply a great speculative asset - so far you can barely use it as money.