The crypto space has been slowly and gradually climbing with what I see as a controlled (good) slow and methodical commitment of cash that is slowly growing (good sign) over the past few weeks. To know that there are whales or a whale buying in at the low can be read in two ways.
First, if you look at the last MAJOR pullback in the market capitalization of the entire crypto market, not bitcoin alone but the entire market together, you will see that there is almost no volume on the way down. This indicates that most of the buyers on the way up or before the recent pullback HAVE HELD THEIR POSITION. This is the best news. To know that a whale is buying in at this point is to me a little scary because that is EXACTLY what occurred a week before and during the rally from 8000 up to 19,000 in bitcoin. THEN THEY SOLD. All that was was a whale trying to make a bunch of money and they succeeded.
The world we live in is dangerous. I suspect that the recently described whale is more criminal than legit. Who has a billion dollars to buy in to a coin? That is not an ALL IN move I guarantee that. Lets say it is only 10% of the actual holdings of the whale. So that whale has more than 10 billion dollars. But that isnt even likely. More likely is that that buy of bitcoin represents about .05 or less percent of the whales holdings.
Just keeping it real. Just because a whale bought in now does not mean he or she is going to hold until eternity like the rest of us little guys.
Buy the stock. I agree. I am hoping that all this jerking back and forth in the crypto space is a good thing. The weak holders are out of the crypto space in my opinion. The best thing about the crypto space at this moment is that we spiked down to about 326billion total market cap and that was a week or two ago. The good thing is we spiked up just enough to form a good bottom and now since then we have climbed to 500billion according to coinmarketcap very slowly and with churning and by ten billion at a time. That means that the entire world is buying in again. This is academic only. Of course the future will bear out the past.
I say yes, keep buying stocks like RMRK in HOPES that we get in on the crypto money. I think that is a very good possibility.
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