This account added 41,000 coins pushing the total to 96,000 bitcoins.
That’s a big chunk of bitcoins. Agree, the institutions, Google and banks are pushing decentralized crypto as much as they possibly can. Of course at the end it’s slippery slope.
They will start buying eventually as well. The smart money are coming into crypto, we just don’t see it yet.
The continued weakness in the world of bitcoin continues.
To emotionally avoid these kinds nd of “Bear trends” you definately have to have a plan. When you buy and when you sell. Also you should not invest any capital you can’t afford to loose. If you do, your emotions get involved at any sell off and I can guarantee, you mostly loose. There are people taking loans, selling houses to buy crypto. Unfortunately they bought when there was euphoric buying at high. Now they are forced to sell, because they have to pay off their loans, it’s the same as with the stock market. You are allowed to buy on margins where you need only about 30% of entire investment. However, if the market starts to sell, you are forced to sell as well and if you don’t sell they will sell it for you. Either way, the market has to get rid of these buyers, it sounds unfair, taugh and emotionless, but that’s what any market is “unfair, taugh and emotionless”. I’m a buyer of BTC at these levels as well, but I wouldn’t be surprised if we go much lower. Now we should sit and chill. We are in this all together.