Where are the whales going in a hurry? Part 2

26 June 2019, Wednesday, 14:39 - Edward Xilay
Where are the whales going in a hurry? Part 2

If the market starts to drop, the risk-appetite of large investors will sharply decrease. Even if Bitcoin keeps its value for some time, it will quickly drain under the pressure of general panic, as people will need to take the fiat from any availabl

The old men will not let you lie that this time the price of Bitcoin is being accelerated faster than it was at the start of the last bull market in 2015-2017. Why are we in a hurry? I have several explanations:

1. They want to make it before the stock market recession. If the market starts to drop (stocks, real estate, etc.), the risk-appetite of large investors will sharply decrease. Even if Bitcoin keeps its value for some time, it will still be quickly drained under the pressure of general panic, as people will need to take the fiat from any available asset.

Bitcoin has not yet established itself as a "safe haven", as it happened with gold.

I am not going to prove now that the probability of recession is getting stronger every year. There are other channels for this. The main task of the whales is to have time to organize a diaper before this event.

2. They want to have time to speed up the price to halving. The most feverish event, which has long ago settled in the brain. It is much easier to arrange a FOMO before halving than after.



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