I believe this as well. One thing that concerns me a bit though and of course I have no proof of this is that the already existing whales are just swallowing up more of the overall market and consolidating it and I don't think that would be a good thing. Who knows?
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Those that are new and doesn't understand the game tend to panic sell especially if they are in for short term, I have been in that boat and I didn't like the turn out but I have come to understand that crypto investment is more profitable for the long term and if there is more spare cash, you buy more in bear market than in bull market.
Whales will always be around but they can only buy with what they have which is some percentage of the coin