Sorry I dont really 100% get it. What exactly happened? He put 30K BTC to sell @300? So he saved BTC to go down way deeper? And now people who wanted cheaper coins are angry because he did this and saved BTC? Or am I wrong?
Wat.......? ??
You are so widly wrong I ..... I'm not trying to be a dick here kk.
If I put up a $300 BTC well wall I cap the price from going any higher as why would anyone in their right mind buy BTC at $340 from Exchange A when they can go to Exhcange B and get it for $300.. mind you with arbritrage there is very little difference in price between exchanges for any lenght of time..
Now we have a MASSIVE max price of BTC at $300... nothing.. not a damn thing is stopping me from selling them at $290 then $250 then $200 then $50..
People are speculating the whale bear was attempting to annihilate the price buy putting up a massive sell wall and making it look like whales were cashing out and it was time to sell your shit for w/e you could get creating a fire sale.. Thus getting coins at like $10-$100 a coin.. If this is true.. the whalebear got so slaughtered he is probably crying right now.
My hilarious speculation is Paul K hates being wrong.. so much he droped 9 million to be right.. but we wipped out our cocks, bent him over and showed him some no lube action. (The odds of this being true are very low, I just don't like Paul K he is a POS and a plauge on this planet).