Is it really experiencing a slump? For me ever since February which is over 4 months now it has been the same experience. Go up a little come back down and rinse and repeat.
That is the rinse and repeat we all keep talking about with whale’s manipulation. A way to keep doing it over and over, acquire more than enough and when they do, bring it down the more until they are fully satisfied and ready for another huge move to the top with new ATHs.
They have the edge, they can easily get this done since they call the shot on the market based on their position and capital and with this and since the market capitalization is still a lot low, it makes like peanut for them to throw around, most especially the institutions.
It is true the whales are incredibly powerful in this market but at the same time they are not the only ones which are powerful if you are smart you can follow the trends created by the whales and enjoy the benefits, if you look back just a few months back there was uncertainty about the direction the market will take after segwit was activated, in fact there were many that thought the price will go down despite clear signs of the opposite, if you followed the signs then you earned a fortune in just a matter of months.
This is good advice but only on the condition that you can wait and not sell your coins when the price is below. How long can you wait? A lot of people have made income in cryptocurrencies their main and now suffer from the fact that they are forced to sell their assets cheaply. That's why you always need to have a backup option in the form of income in Fiat. Whales are very difficult to compete with.
You should never put everything in cryptocurrencies and if you have a job from which you get income without a need to touch your cryptocurrency holdings then you can basically hold for as long as you are able to endure this difficult market, some do not have a lot of endurance and have sold already while some other people knowing full well what the future of bitcoin can be will not ever sell.
