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RE: Why whales aren't as rich as you think (@dantheman sells 1% maybe)

in #steemit8 years ago

Well, wealth isn't the same as liquidity. Not being able to sell it all at this moment shows that they're not as liquid as their account value might suggest, but if that wasn't the best estimate of the value then the market would already be pricing it different.

The market price will often quickly recover after there's a large sale that made it fall. The smart money realizes nothing fundemental has changed.

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