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January 28, 2017, 03:11:25 PM |
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Nice post. It would be much useful for new traders who usually get panic reacting to market situations. He mentions the big whales, traders who own large volumes of shares, pump and dump the market for their benefits.Yes, whales do lot of transactions pumping the price and sell it when price goes high, and they sell their shares in large volumes, creating a fall in price , create panic among new traders and force them to sell their shares at cheaper price and they buy them in huge volumes.Yes, its the main reason, bitcoin despite falling down very speed recovered quickly and got a stable price. I am surprised how much bitcoins, that composite man,i.e., big whales will be having now.
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