Mindaugas @Mindaugas - 12d
Whales are selling as part of their speculation (a.k.a. trading) on CEXs. Nothing else matters. If they stop, everyone stops. Because of this speculation, the price does not appreciate fast enough, and whatever gains there are, they are just because they allowed. Because of slowness I need more bitcoin than I already have. Because of that I join them in speculation. For as long as whales and government monopolies on violence exist, they will always determine price and anything else. We can hold or sell, it does not matter. Well it matters, bitcoin math is on our side, but it will take many many generations to take their power away against their will. The ones alive today are basically at their mercy. But if we stay poor or get poorer while hodling, while they do bad things to get richer, we are not helping ourselves, we are helping them. So, don't get poorer, and if you know how, get richer, but without making the superpowerful richer and more powerful.
Oh yes. By saying whales I mean in a broad sense. Anybody who directly or through whatever intermediaries or both control large amounts of bitcoin.
