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RE: Crypto Q&A

in #steem3 years ago

Doesn't the dumps mean a wider range of people are investing into cryptos?
there is a high transfer volume, somebody is buying, if the whales are dumping it means there are more people investing.

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That could be the case, but it's also possible that those whales are the ones buying back again...
Low price may attract some ordinary people but most people are terrified by bear market...

well, more for the miners then. worse case scenario: the whales run out of coins to dump and there would be two options, pump again or leave it at it's true value

Them leaving coins at true value will be good for overall growth of the crypto market. These pumps based on speculation already messed up too many people.


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