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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: 554
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  

#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  

#4. To: TommyTheMadArtist, Pinguinite, 4um (#2)

I have been watching my crypto grow like crazy and then suddenly deflate like an untied balloon.

Gold's done likewise over the last week or so.

Esso  posted on  2020-11-26   13:39:40 ET  Reply   Untrace   Trace   Private Reply  

#5. To: Esso, 4um (#4)

Yesterday, a neighbor told me that he'd put "some money" in ATT for the 7% dividend. Makes sense here.

Lod  posted on  2020-11-26   14:25:34 ET  Reply   Untrace   Trace   Private Reply  

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