What are the aims of whales?

in #whales6 years ago (edited)

What if the banksters are whaling down crypto?

Whales exist in the traditional stock-market like in crypto. As we suppose, whales are out there to gain money. For having large amounts that can be invested or taken out the market, there is an advantage in manipulating the chart and so on. We've heard of the current investigations of that.

After the may/june downtrend, we see Bitcoin and others having a mostly sideways movement, but with some remarkable whale-moves inside. Theoretically.

What if whales are out there, not (only) for the profit but for destroy crypto in general. All those calling Bitcoin a bubble would have been right, if so.

Banksters and the "old system" (if you wanna call them that way), they know about the dangers decentralization will give them. They are afraid of us for a reason. If you ask me, they are interested in fuck up crypto and assimilate the blockchain technologies for their own needs. Like the borg. Away from the people, back to business.

Ever thought of their self-fulfilling prophecy? Who is bashing crypto the most? People out the financial system. JP Morgan, Barclays, HSBC have an interest to backstab crypto in a weak moment, feeding the panic sellers. The market cap of crypto and some coins/tokens in general are peanuts for the big players in this world ruled by money.

Of course, this is just an idea. But we shouldn't miss the fact, that many investors in crypto still don' t see the bright future as the enthusiasts. Many are invested, that don' t really get the big picture. Many are in just for the get-rich-quick, even in the bear market now.

We know fintech is going to explode, but how can we know THIS crypto will win that race? It could be completely obsolete in 10 years, as Bitcoin could go 20K and more again. It's just about if people believe in crypto or not. It' s a war fought in the heads of the masses. FUD is one way, WHALING DOWN is another.

We should start to think about whales, that want to make others sell. People are lemmings and the market cap is not independent from the future, like many trying to argument.

For I have not read a lot about it, correct me if I'm wrong.

Don't feed the machine.

HODL.

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This post has received a 2.72 % upvote from @drotto thanks to: @departed.

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