4um: Crypto Crashes Overnight As Whales Move Bitcoin To Exchanges

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Title: Crypto Crashes Overnight As Whales Move Bitcoin To Exchanges
Source: [None]
URL Source: https://www.zerohedge.com/crypto/cr ... -whales-move-bitcoin-exchanges
Published: Nov 26, 2020
Author: Tyler Durden
Post Date: 2020-11-26 08:36:53 by Horse
Keywords: None
Views: 555
Comments: 12

In the biggest crash since March, Bitcoin prices collapsed by over $3000 overnight (from just shy of $19500 to $16300 at the morning's lows)...
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#1. To: Horse (#0)
That was after a massive rise that began about 2 weeks ago, so it wasn't unexpected.
Whales merely moving bitcoin to exchanges wouldn't cause it. They would have to be profit taking, likely temporary profit taking.
It will go back up. In crypto this happens.

Pinguinite posted on 2020-11-26 9:16:22 ET Reply Untrace Trace Private Reply
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#2. To: Pinguinite (#1)
I have been watching my crypto grow like crazy and then suddenly deflate like an untied balloon. People who blow up the value and then cull the profit are what cause these devaluations. The price goes off the charts and then they cut their share, then buy up cheaper coin and repeat the process.

TommyTheMadArtist posted on 2020-11-26 10:26:12 ET Reply Untrace Trace Private Reply
#7. To: Pinguinite (#1)
Prices don't fluctuate like that in a grocery store. Why> Because items have a value based on common use and needs. Crypto is in a bubble. Golf and silver go up and take profits, and then go up again. Why: Because the probable value of the dollar in the future is seen as declining. Crypto has no stable value.

Horse posted on 2020-11-26 18:19:27 ET Reply Untrace Trace Private Reply
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