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Bitcoin: While users sell the whales take advantage
What about bitcoin? Why is it still not fully recovered?
The fall in the price of the famous cryptocurrency of BTC has been impressive, since it has not yet recovered from its impending fall. However, this has not disappointed the great analysts of this digital currency, many of them think that its price will reach 100,000 dollars this year.
Small and medium investors have begun to sell their BTC due to the fact that a bearish season is coming for this cryptocurrency, for this reason, we see how the famous "Whales" are buying BTC in extraordinary amounts.
Bitcoin rises little and falls back hard: what awaits us?
Some large public traders have managed to calm the masses of people starting out in this world, announcing under apparent negativity the biggest drop in BTC in recent times. Although it is true that it has dropped rapidly, that does not mean that it will not cease to be so fundamental and highly valid.
Professionals in finance in this market comment that a diagnosis that can reflect what will happen in these months cannot yet be given. His fall, which they expected to be minimal, has been greater than some forecasts reflected.
What is known is that from now on the scale in which it has arrived will be a take-off or very positive, or very negative, some experienced traders predict.
Maintaining patience at this time is very delicate for very little studied investors, and very new to the world of cryptocurrencies.
However, large and experienced investors see this fall as a revival of the currency, and that it has only gone down to go up more than they imagine.
Whales take advantage to buy Bitcoin
The famous "Whales" are those business entities and even people with a lot of economic power who take advantage of the fall of a currency. Thus, it only remains for them to wait for the rise and sell, in this way to accumulate percentages and recover their invested money and with enormous profit.
We will continue to watch these movements, as they know that they only comply with the methodology of a cryptocurrency.
Although with these abysmal purchases we are able to analyze that they do not buy it exclusively because it has dropped, it is because they tend to have the perception that even the bullish scale of this currency has not yet ended, they expect a powerful rise for this year.
And last but not least, it is the mother of all currencies that exist. Without it and without its advertising proliferation, not even a quarter of them would exist.
So being so secure, so in demand and with such good references, it would be impossible to think that it would fall lower than it has fallen in recent months.
Markets panic, Why do small investors sell?
It is true that the fall of this giant is due to the political treaties that have been made worldwide about this cryptocurrency. For example, the central bank of Russia that has prohibited the purchase and sale of crypto assets, as well as the mining of its own. Which would lead to a fall of at least 10% of transactions worldwide.
But not only that, but also that the United States and the great national reserve have consistently spoken of being more hermetic about imposing more laws on the purchase and sale of crypto assets within their country and its inhabitants.
This has made it known to small investors that there will be no more opportunity in the technology market and that eventually its fall is unstoppable.
Professional traders know that it is just a matter of waiting
Just as there are inexperienced people, there are expert people in this market, they know that even with restrictions or prohibitions, the currency will become stronger than ever.
They maintain a balanced mindset without being carried away by emotions, which is clearly one of the things to have in these markets.
Patience is a virtue and even more so when you have such a heavy digital currency in your hands. The most experienced traders in the field suggest that at this time the decision to sell could not be made, but rather to wait placidly.
They comment that if the fall was more than 8%, it would be revalued up to 5% and from then on it would be catapulted up to above 8%.
They publicly announce that the market has always been volatile, but it has not been for lack of personal transaction, on the contrary, some countries like Kazakhstan have suffered an internet restriction thanks to protests against their state policy.
You will ask yourself, what does this western country have to do with the fall of the digital currency? Although you do not know it, it is that part of 20% of the BTC mining is achieved nothing more and nothing less than in this country.
