China and global whales are shaking weak hands, time to buy while the price starts going up again due FOMO. Good news incoming too to push the next bull cycle soon. Good luck.
I'm genuinely curious: What does the first part of your post mean exactly? China is doing what and whales are doing what, and weak hands are what? I hear all of those things thrown around a lot here and it seems they're used to explain everything bitcoin does.
it means when after a rise whales sell their coins and do a little dump to gain the profit ($770-$780) and then there are many other methods (that i don't want to get into it here) to reduce the price so "weak hands" or "newbies" panic and sell their coins (down to $550) this is the time when those whales (who sold on top) are waiting at the bottom ($550) with their buy orders to buy from those "weak hands" that are being kicked out of the market. then the price will start rising again ($600) and those "weak hands" join in again by buying higher price that they have sold so the price goes up again ($665).
Those weak hands are damn Stupid!
According to me you never lose anything doesn't matter if the price goes up and low unless you sell your bitcoins.Just keep holding and the rates will be back up so you never lose
Trading is not for weak hearts anyways.
it is not stupidity it is lack of experience and not knowing what they really want.
I believe most of these weak hands are affected by the hype and fud that is why their decision making is always off.
when you go on the internet and read "bitcoin is going to the moon ($10k)" and start buying to not miss out and then panic and sell as soon as you read "bitcoin is dead and being dumped to $1" that is when you have to know you are doing something wrong.
