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slamu
Jan 16, 2018 2:05 PM

The Breaching Whale 

Bitcoin / U.S. dollarBitstamp

Description

If there's one thing we can all learn it's that the Bitcoin and cryptocurrency community, in general, is highly incentivised from a financial perspective. Despite a lot of claims otherwise, yes blockchains have a lot of great social implications; but the technology is built around financial incentives to keep the system running (mining). Hence if I was a large mining farm operator or an early adopter who is now a whale (knowing that exponential growth in the market is unsustainable) here is what I would do. This theory is based on Wyckoff's The Composite Operator, that informed interests exert continuing control over the market. Would love to hear comments, I am in no way a professional trader, so could be way off the mark here.
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