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Cryptocurrency Price Speculations / Re: Who is HODLing?
« on: May 10, 2024, 08:51:24 AM »Yeah but in the pump and dump act, is only those with enough cash can profit from it well . So not something I actually vibe , that's why I just prefer holding without taking profit whenever there's a slight increase in price in market. But someone that's financially stable can make good profits from it though, but hodl just the best .It is true that whales have an important role in the movement of bitcoin prices, but not all whales have very large amounts of bitcoin assets, sometimes they only have a portion of bitcoins, but for those who have an unlimited amount of money then they can have very large amounts of bitcoins a lot.Sometimes, we can't avoid it. Whales cause the pump and dump of Bitcoin price in the market. If there are no whales, we can see the fast pump or dump in the market. Their actions sometimes make us to get some advantages. We can buy crypto coins at the cheap prices, we also can sell the coins at very high prices.
I agree that if we have large funds, we can buy Bitcoin as many as possible. Investing in Bitcoin is very recommended, it is the most secure coin for the long term holding. But if we want to invest in altcoins, it is no problem as long as we know to choose the right altcoins.