Whales know something the rest of us don't....
With the massive crash of cryptos in 2018 it is fascinating to see that whales are actually increasing there stakes - an increase of 80% holdings in Ethereum. This suggests that the whales know something we don't, or are much much more risk averse than the rest of people. It is true that they have alot more money, and thus can afford to lose more, but I think it is something more than this.
The old advice of 'buy low, sell high' and 'buy when people are scared, sell when they are greedy' seems to be true for major investors, and something that serious Steemians should consider. It may be scary buying something that has fallen 90% in the last year, but the oppurtunities for new investors and growth is significant.
The thing I worry about is that with too many whales invested, it becomes much easier for them to band together and manipulate the price for their own benefit.
What do you all think?
Source of shared Link
Where an I find the Ethereum stake data, please?
"much much more risk averse" -- you mean: less risk averse, I think
I dont know sorry. Ahh yea thanks for pointing that out!
I think the markets are not true markets in anycase, there are far too few investors and too many quick in /out merchants. Market manipulation is rife and the whole crypto movement wont be taken seriously until we have more genuine investors with long term aims not short term gains!
Yeah I agree - people after a quick buck, rather than in for the long haul. Will be interesting to see what happens over the next few months/years!
Goldman Sachs have got this in the bag now and are pumping and dumping - std zionist tactics
Seems like it will only get worse before it gets better!
whatever the case maybe, people like us will be patient enough awaiting the next Bull run.
Yeah mate!
Of course they know something we don't, that's how they became whale in the first place. It's worth noting though, that even if their ETH balances increase, they are actually losing value. So far it seems that those who HODL fiat are making most profit
True they are losing ar the moment but in sure they are either day traders or long term hodlers who know well how this market works
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