Buy high, sell low: how not to sell the crypt

Date:

2018-06-10 15:30:09

Views:

29

Rating:

1Like 0Dislike

Share:

Buy high, sell low: how not to sell the crypt

Analyst firm Chainalysis published a report that analyzed the movement of assets in the stock market. As it turned out, from the beginning of 2018 long-term investors poured thousands of bitcoins in total the equivalent of $ 30 billion. It is reported .

the

Mass selling cryptocurrency

At the end of 2017 Bitcoin is not actually used as currency. The rapid increase in the price of the asset kept investors from its sale, besides with large commissions to use the Bitcoin as an exchange tool was extremely profitable. Most of the major investors in a firm voice that now display the updates would be complete madness.

Actually, However for the loud statements hiding a non-trivial intentions to dump your bitcoins to the huge flow of newbies who just arrived on the market. Analysts Chainalysis noticed that in December of 2017, a large part of the crypts came from the hands of long-term hontarov to new traders.

Early investors sold the bitcoin equivalent of $ 30 billion in the period from December to April. Half of this amount came in for the first month.

During this period, the stock market experienced the largest amount of liquidity in its history. In the end the result was as expected – more experienced market players poured their coins to unsuspecting beginners. It is possible that those who bought Bitcoin for $ 20,000, who poured it on the cheap the same whales.

Today, experts predict Chainalysis consolidation of the main cryptocurrency. The majority of funds is in the hands of a small number of people.

Only 1600 of purses in General hold 5 million bitcoins. It is almost the third part of the extracted amount of coins. Among these addresses, the first hundred accommodates an average of 10 000 to 100 000 bitcoins.

Earlier, the traders are already signs of possible manipulation in the market.

Recommended

Hawaiian crook grabbed a trademark of the Bitcoin Cash, and calls himself Satoshi Nakamoto

Hawaiian crook grabbed a trademark of the Bitcoin Cash, and calls himself Satoshi Nakamoto

Over the past year in the patent and trademark office (USPTO) has registered two trademarks Bitcoin Cash. One of them is allegedly the perpetrator of Honolulu, who was involved in fraudulent schemes in 2001. About it writes . the Bitcoin Cash belongs...

CEO of Coinbase kicks from the low price of Bitcoin

CEO of Coinbase kicks from the low price of Bitcoin

Recently, the General Director of the exchange Coinbase Brian Armstrong tweeted, referring primarily to his subordinates. In them, the entrepreneur showed a relationship to the current value of Bitcoin, which he believes is right. It is reported . 1...

John McAfee stops advertising the ICO because of threats to SEC

John McAfee stops advertising the ICO because of threats to SEC

Developer John McAfee said that he will no longer cooperate with any ICO projects. This billionaire said in Twitter that mention "warnings from the SEC," according to . the John McAfee stops shillito ICO the Creator of McAfee has been repeatedly accu...

Comments (0)

This article has no comment, be the first!

Add comment

Related News

"Cryptococal of wall street": cryptocurrencies will rise when the state adjusts the market

In may, the Creator of McAfee antivirus, John McAfee of the need for regulation of the cryptocurrency market. According to experts, the industry needs to develop organically. Otherwise, the government can set the rules of the game...

The CEO of Norwegian Air will launch a crypto currency exchange and will allow you to buy tickets for Bitcoin

The CEO of Norwegian Air will launch a crypto currency exchange and will allow you to buy tickets for Bitcoin

a Dollar millionaire and head of Scandinavia's largest low-cost carrier Norwegian Air Bjorn Kjos in April announced the launch of cryptocurrency exchange Norwegian Block Exchange. During the ICO, the project attracted 250 thousan...

The volatility of Bitcoin fell to a low of 8 months. What to expect from the coins?

The volatility of Bitcoin fell to a low of 8 months. What to expect from the coins?

In the past two weeks, Bitcoin shows the lowest volatility since October last year. This behavior of the coin will inevitably lead to a change of course in the next few weeks. So analysts say . the Forecast value of Bitcoin from a...