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This is NOT the prelude to a Bear Market. This is typical Exchange and Whale fuckery at its finest

All Cryptocurrencies

by COINS NEWS 170 Views

Since the beginning of October, a LOT of new money has flowed into crypto. We see the green shoots of mass adoption everywhere: from shitcoins like SHIB and FLOKI advertising on public transport to Big Daddy (BTC) and Queen Slim (ETH) being accepted at more retailers as an alternative to fiat.

Now, given that most of us are mere plankton in an ocean of Sharks and Whales, it's important to start recognising these sell-off patterns and understand the way a top feeder thinks and strategises.

You know that new money (fresh fish) is easy picking, so, what better way to scare that new money shitless (even shirtless) than by showing a PAPER LOSS... inducing fear, uncertainty and doubt and prompting retail paper hands to think 'it's better to take a 15% loss now than a potential 50% loss later'. Rinse, repeat.

We've seen it MULTIPLE times this year and the only thing to remember is this: there are hundreds of BILLIONS of dollars worth of large Whale holdings... Do you seriously think those big players would ever swallow so much fresh fish that they'd choke?

That's right, they wouldn't.

So stop giving them discounted coins and remember that there is only one thing which matters in crypto: you never make a loss until you sell.

submitted by /u/sandygws
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