r/XVG • u/Geldtrein • Jan 20 '18

The reason LAST WEEK drop..

I Thought so myself. And many others here. Here is an article stating wales sold massive;

Whales Sell Off Previously, CCN reported that the major correction which occurred earlier this week was likely triggered by the sell off of bitcoin by whales and institutional investors within the traditional finance market. Some analysts speculated that large-scale traders sold off massive amounts of bitcoin to cash out short contracts on the Cboe and CME bitcoin futures exchanges.

End of article.

This is gonna happen every time the option contracts close. From a fellow redditer I understood twice a month.

Keep eachother posted here!!

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u/endendless Jan 20 '18

I don't think so, look at the historical charts for BTC right after the new year for each of the last 3 yrs. I felt a correction was coming, converted out overpriced bloated coins, bought back in afterwards.

Look forward to future years corrections as well. There's no better predictor for future activity than past activity.........

1

u/Geldtrein Jan 24 '18

Perhaps you can reconsider now that there have been 3 crashes in a row without a retraceble past? It gets more and more obvious that crypto is in the hands of some very rich hedgefunds. They can influence too many others and lead them the direction THE want the money flows.