12-04-2021, 03:23 PM
This is NOT the prelude to a Bear Market. This is typical Exchange and Whale fuckery
<!-- SC_OFF --><div class="md"><p>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.</p> <p>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.</p> <p>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.</p> <p>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?</p> <p>That's right, they wouldn't.</p> <p>So stop giving them discounted coins and remember that there is only one thing which matters in crypto: you never make a loss <strong>until</strong> you sell.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/sandygws"> /u/sandygws </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r8hdgi/this_is_not_the_prelude_to_a_bear_market_this_is/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r8hdgi/this_is_not_the_prelude_to_a_bear_market_this_is/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>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.</p> <p>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.</p> <p>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.</p> <p>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?</p> <p>That's right, they wouldn't.</p> <p>So stop giving them discounted coins and remember that there is only one thing which matters in crypto: you never make a loss <strong>until</strong> you sell.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/sandygws"> /u/sandygws </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r8hdgi/this_is_not_the_prelude_to_a_bear_market_this_is/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r8hdgi/this_is_not_the_prelude_to_a_bear_market_this_is/">[comments]</a></span>Kind Regards R