FYI:
So why are those sell orders at 2 sat holding the price down.
That is because their are one or more whales are using those sell walls to accumulate zeitcoins at a ridiculously low price ,
before they relent and watch the price skyrocket along with their investment.
Whales current strategy : Position Building & Suppressing prices
Smartest play by all investors is to accumulate as many zeitcoins as possible while the whales are still suppressing the price.
Thank you for your educated answer.
While i can't totally disagree on the first part, your conclusion seems far fetched.
I don't think there is such a thing as a Whale conspiracy. It's juste the game of supply and demand, people go where it is profitable.
Supply is high because the whales don't believe in the coin anymore and what appears as a huge sell wall is just people trying to unload as they can.
Demand is very low.
That's the exact opposite of what a good investor would seek : low supply, high demand, and good entry price.
Here you may still have a good entry price, only if you change a parameter.
If not the interest rate, what could be done ?
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