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RE: Why whales aren't as rich as you think (@dantheman sells 1% maybe)

in #steemit8 years ago

As with all alt coins, such as Bitcoin, you could not simply dump a million dollars at once as there is not enough liquidity, you have to do it over a period of time.

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If you do it too slowly others will sell before you can.

But that only applies if you don't believe the market will eventually recover

Let's hope the whales stay confident and don't make a big splash by selling off too early. I huge sell wall right now would be bad news. I certainly wont be powering down for a while.