Showing posts with label Emil Oldenburg. Show all posts
Showing posts with label Emil Oldenburg. Show all posts

December 21, 2017

Warning: Crypto whales selling to the little guy

By Stephen Alpher - December 21, 2017 (seekingalpha.com)


In keeping up with acceptable crypto-community behavior, many of the large crypto holders cashing out are portraying the move as noble act, writes Lionel Laurent.

The fact remains, however, that the Emil Oldenburg's and Charlie Lee's of the industry are selling after massive moves higher. The buyers are the little guys: Since the start of 2017, there's been an explosion of accounts holding tiny amounts of Bitcoin (0.1 or less), and a corresponding tumble in accounts holding sizable amounts.

Laurent: "It will be hard to ignore the niggling feeling that the latecomers piling into Bitcoin at the end of 2017 aren't quite as astute as the early birds who are getting out."