Observation on smart money, the huge amount of sells especially since last night is enough for MXC to dip huge, yet hasn’t. They are trying extremely to dip the more on MXC so this way dumb money may sell for a loss. MXC has remained strong. The volatility is there, it’s just that smart money has been compressing it. One day it will burst.
I actually waiting for that specific WHALE to buy millions of it in one BUY and that’s where the fun begins.
On the other hand, looking at regular traders on coinbase for buys and sells on MXC, One day it’s positive and another day it’s negative.
In other words, dumb money must exist when they buy then sell for a loss. There’s nothing anyone can say to them. If dumb money never played it’s role, then volatility wouldn’t exist and if no volatility contractions, then crypto would be done away with. Neither am I saying let dumb money loose out on their hard worked income. Those are choices they make. Just like the wrong choices we can make in our daily livelihood.
I myself once played that role as dumb money which wasn’t fun to loose out on my hard worked income. I’ve lost over 240k. I now made lump sums of money and investing it wisely in the right coins and never treating it like a casino but PATIENCE is my master.
I had to many questions about crypto currency’s and could never learn. People said it was a scam but I knew it wasn’t and someone was behind it making it look like a scam which I soon came to find out it was SMART MONEY. I’ve now learned at my best and still learning. Just like smart money studies us and knows how we think, I’m the same way, I’m I’ve been studying them.
I’m teaching myself to follow the whales. Come and follow with me.
FYI: sometimes reverse psychology can do miracles.