Bitcoin recovery? Interested in opinions.

[KonradKarl]

Hi. 10 mins ago got a notification about new article from the website that I am subscribed to. Author says that one of the main reasons of this drop is that there are a lot of uselless altcoins which are pumping and dumping. I invested some money in so called shitcoins in start of January: PAC and B3 (after prices went up, so I lose about 3000$ in investments).

But what do you guys think about it? Can it be true?

Article title: KiloCoin - How Trash Coins & FUD are Killing Bitcoin’s Recovery
https://cryptoncy.net/buzz/kilocoin-how-trash-coins-fud-are-killing-bitcoin-s-recovery-18.html

[GeorgeFeb]

It's like on the Wall Street, big guys are simply cashing out!

All the graphs and analysis are for suckers like 99% of all the so called traders!

Although graphs and the so called analysis could be useful for scraping, but scraping is only for the hardcore masturbators!

Either luck or insider knowledge, everything other is just lyrics!

Cheers!

[KonradKarl]

It's like on the Wall Street, big guys are simply cashing out!

All the graphs and analysis are for suckers like 99% of all the so called traders!

Although graphs and the so called analysis could be useful for scraping, but scraping is only for the hardcore masturbators!

Either luck or insider knowledge, everything other is just lyrics!

Cheers!

Thanks for your opinion, interesting. But is there are any confirmations that big guys cashing out? Is it possible that they are cashing out to drop the price and then rise it up again?

[GeorgeFeb]

It's like on the Wall Street, big guys are simply cashing out!

All the graphs and analysis are for suckers like 99% of all the so called traders!

Although graphs and the so called analysis could be useful for scraping, but scraping is only for the hardcore masturbators!

Either luck or insider knowledge, everything other is just lyrics!

Cheers!

Thanks for your opinion, interesting. But is there are any confirmations that big guys cashing out? Is it possible that they are cashing out to drop the price and then rise it up again?

Everything is possible, but I wouldn't know!

You're welcome!

[FrueGreads]

It's like on the Wall Street, big guys are simply cashing out!

All the graphs and analysis are for suckers like 99% of all the so called traders!

Although graphs and the so called analysis could be useful for scraping, but scraping is only for the hardcore masturbators!

Either luck or insider knowledge, everything other is just lyrics!

Cheers!

I don't really agree with what you said about market analysis. There are some YouTube channels where you can see some live trades from time to time. They explain what they are doing and they usually make good reactions to what the market is doing. Of course inside knowledge will always beat market analysis, even on those situations, if you have a good strategy you will probably activate a stop loss and wait for a more stable entry.

I don't really think this is Wall Street guys cashing out. The price is way to low, if you compare it to where it was when they supposedly start coming in. Maybe they profited with futures, and are now getting out of BTC with a loss (in BTC, but clearly affordable because of the gains by shorting BTC futures). Maybe they are coordinating it with some FUD news, to get an even higher drop for the next futures contracts. It's hard to say, and for me this "lyrics", not market analysis.

[GeorgeFeb]

Very well, I wouldn't argue coz you also have a good point there!

P.S. I meant to say lyric, singular, my bad! ☺

[cryptolerant]

It's like on the Wall Street, big guys are simply cashing out!

All the graphs and analysis are for suckers like 99% of all the so called traders!

Although graphs and the so called analysis could be useful for scraping, but scraping is only for the hardcore masturbators!

Either luck or insider knowledge, everything other is just lyrics!

Cheers!

Thanks for your opinion, interesting. But is there are any confirmations that big guys cashing out? Is it possible that they are cashing out to drop the price and then rise it up again?

Of course there is no any confirmation, it is more like speculation to manipulate the market. as far as I observe, main media is trying to cause retail traders to trap into panic selling. if I know one thing right, I'll not do panic selling even if I lose everything I have.

[KonradKarl]

It's like on the Wall Street, big guys are simply cashing out!

All the graphs and analysis are for suckers like 99% of all the so called traders!

Although graphs and the so called analysis could be useful for scraping, but scraping is only for the hardcore masturbators!

Either luck or insider knowledge, everything other is just lyrics!

Cheers!

Thanks for your opinion, interesting. But is there are any confirmations that big guys cashing out? Is it possible that they are cashing out to drop the price and then rise it up again?

Of course there is no any confirmation, it is more like speculation to manipulate the market. as far as I observe, main media is trying to cause retail traders to trap into panic selling. if I know one thing right, I'll not do panic selling even if I lose everything I have.

Thanks. I am also not going to sell my coins. I have a rule for myself: invest in cryptocurrency only those money that I can afford mysefl to lose. That is why I am going to keep all my coins, even if they will become even cheaper.