These whales that are selling, sure are giving the little guys a chance to buy

[CryptopieceOfficial]

Is it possible they’re dumping is actually benefiting the newbie and less fortunate investors?!

[RussaX]

No. Money always flows towards rich. If you look more carefully you will actually see that there have been a lot of people who have lost all savings in crypto, there have been suicides and stuff. People are in fear and depression. Whales know their moves.

[KingScorpio]

Is it possible they’re dumping is actually benefiting the newbie and less fortunate investors?!

jes unlike the newbies and small fishes, the whales work different i explain that to you noobs

small fishes, are looking for price increases, in a respected currency

whales, are looking for social support indications, weather people are ready and willing to do sacrifices for a certain "coin"

out of that, whales are always in a better information situation

the whales saw much earlier the dissapointment, and support stop from the people for bitcoin, while the small fishes looked for the price increase,

the whales observed the support loss and started selling and started looking for an alternative

[franky1]

Is it possible they’re dumping is actually benefiting the newbie and less fortunate investors?!

apart from the obvious fact that bitcoins are selling at discount right now.. theres something else to consider too


say a whale bought at $1200 in 2013.. refusing to sell at a loss. so waits years
he sells now at $3200 and swims off back to fiat ocean

the buyer buys at $3200..  refusing to sell at a loss.
now there is one less person willing to sell above $1200..
now there is one more person willing to sell above $3200

as more whales sell they moves out of the bitcoin ocean and into the the fiat ocean
the buyers are then in the bitcoin ocean and as time goes on they all find value they all can agree on as their bottom line.

there is still a large majority in the bitcoin ocean just swimming at the $5800+ depth and they wont move to fiat ocean at any shallower depth than that.(65%)

the other 35% that can afford to swim at shallower depths. so they are moving to the fiat ocean. and as they do, they are introducing new swimmers into the bitcoin ocean. these new swimmers are happy with a 3200 depth and want the depth to get bigger

[Herbert2020]

it is each individual's choice to make a decision about what they do with their own money and how they invest it. some people see opportunity in this drop and buy it and possibly enjoy the profit they will gain in long term like all those who saw the same opportunity in 2015 and bought bitcoin at $150 to $300 and some others see this as a red sign and remain in panic because of FUDs.
the whales are always the first group who buys and the newbies will always be the second group who usually buy after the rise and when it is too late.