Who keeps dumping insane amounts of coins? People need to BUY AND HOLD. Stop flash selling. Your ruining your own investment. If you want to make a quick 5-10%, good for you. If you think 5-10% return is enough to celebrate, go ahead. Or, hold onto it, and wait 2 week sand you will be up quite a bit more than 5-10%.
Theres only 74 million coins. Im seeing millions of coins dumped each day. If you hold your coins --> less coins on market. With the BC mining pool buying up a few hundred k coins per day, it would litterly take less than a week for your investment to start rising dramatically.
Whales + fools
the market will do what the market does. we have no doubt bc will rise again. let ppl sell /dump. i dont think there's anyone invested in crypto who is not interested in re-catching their coins if the price starts going up.
at this stage my analysis is that there is little to no resistance going back up to 50k. if we super pumped it now it would still slowly settle back to 40 and then even more slowly head back down to 30k. all we have is slower investment so it's day-traders/risk-takers time. the slow dump is from those who arent confident the market will keep going up so will pull out to invest elsewhere.
personally im pretty glad for the break. i spent many sleepless days and nights trading bc. glad to have caught up on some rest over the past few days. i actually slept a whole 8hrs last night into this morning.
the downtrend is now showing on the graph and will not be a healthy graph to show to any investor unless they have the fortitude and the will to pump this baby straight to a dollar and exit slowly over time. without constant investment price will go down, and cause some to panic. as we may be seeing now.
