WAIT A MINUTE, CRYPTO WHALES ARE DOING WHAT??😳

Today’s crypto devo will focus on the crypto sell-off, what happened with it and where we are right now.

What we know about the ‘crypto winter’ is that Bitcoin (BTC) dropped almost 70% from its record high and this caused the price of many altcoins to plummet too. A lot of crypto collateral that looked as though it was good enough to help or support loans ended up being heavily discounted and those who thought cryptocurrency was invincible began to panic. (I sure hope that wasn’t you!)

On the other side of this, as prices dropped, there were crypto whales who used this opportunity to make heavy purchases. What Is a Crypto Whale you ask? A cryptocurrency whale, is a term that refers to individuals or corporations/entities that hold large amounts of cryptocurrency. They hold enough crypto to be able to manipulate the market.😩

Even though investors panicked, crypto whales kept on buying through the dip without fail. Whaaaat? Yep, they are. A month ago, FX Street reported that “whales seem to be quietly buying the dip, with a surge in their activity starting in early February 2022 and steadily staying around that level. The number of wallets holding more than 1,000 BTC reached 2,224 on May 18, 2022.” Y’all …..

Shouldn’t this be a red flag for us all? Is this a setup to run off smaller investors, get them to dump what crypto they have, cause the prices to dip, and then the whales come in and purchase heavily to drive the price up? The whales are buying low and when the price skyrockets guess who’s making the most money? The whales are!😳

PLEASE THINK LONG AND HARD ABOUT WHAT YOU’RE DOING OR NOT DOING IN CRYPTO-WORLD. YOUR DECISIONS NOW ARE CRUCIAL! Running scared could very likely keep you broke. Actually, anything having to do with the spirit of fear never ever turns out right. 🤷🏾‍♀️ Follow the Holy Ghost and do what HE says about crypto!

Copyright ©2022 Sherma Jacqueline Felix, BLACK ADVANTAGE Publishing™. The author shall neither be liable nor responsible for any loss or damage allegedly arising from any information or suggestions in this post.