Whales manipulating Smart BCH market too much nowadays
12-02-2022
I was silently observing market and investors behaviour in these past few days I've noticed many things, peoples lost their half of portfolio and some are scared of investing because of present situation of market in smart BCH
We all know about biggest crypto manipulator is also known as number 1 richest person elon musk but nowadays Smart BCH whales are more charged to play with peoples money and mind.
In these few days I've seen lot's of projects going down losing it's value peoples crying and BCH price seems like it's not going up after Smart BCH theirs something stopping BCH prices to move up and maybe Smart BCH is the cause behind BCH price continuously going down maybe I'm wrong here but that's what i learned.
Theirs literally lot's of things are warming up and going on in Smart BCH at the moment I'm trying to chase them and theirs some manipulation going on obviously big whales eating money or i can say taking out profit from projects and multiplying their investment 100x something like that plus much more stuff to share so let's carry on.
Lot's of ongoing activities in Smart BCH
This week was a little intense for me because their was literally tons of things happening around Smart BCH from market crashes to other things it was hard to carry each thing
Like firstly whales dumping projects (which projects will share next), NFTs and Gamefi tension new dex coming and testing on testnet, lots of rug tokens, wash trading at it's peak, losing half of portfolio in seconds and much more not even i remembered though trying to forget by myself.
But in today's topic main focus will be on whales who play with projects and investors specially my own experience.
We all know whales are always whales they'll end up eating our money when we think it's time to make some profit and because of whales we can make profits and when we loss a whale we loss everything and that's what happening alot nowadays.
Lot's of projects in Smart BCH crashed
Every project was at it's peak and new all time high or near as well as stable and i never felt to confident investing in a project like i was in these days or even when i was seeing projects crashing one by one like
First it started with Daiquiri whales dumped Daiquiri and everyone else dumped it because they was staking it for a long time
And than whales dumped mist i lost around 0.2BCH and than someone dumped tango another dex token and it's not enough yet again someone dumped fire and than law and than Cly
All these top strong projects of Smart BCH got crashed (dumped) just in a week is more than manipulation and let me continue who and how much BCH cost a project huge loss.
A whale dumped all top projects of Smart BCH
A week back, everything was normal and i was chilling as always than i checked market and saw someone dumped mist alot so i was like frustrate because i didn't sold mist even knowing it's quite bad time to hold mist saying this coz peoples wash trade and hold alot of mist and milking money through farms so obviously it's worst thing to hold mist
Anyways someone dumped it and after a day saw same thing happened with tango and other top projects
Than i tracked the address and i was shocked when I noticed this was the only personal who caused the dump to every project
Seeing this i got why everything is going down, that guy dumped every project he hold and in the end he has 1116BCH which is alot to dump every token.
But than it was not the only whale who played with projects after seeing this other whales participated as well and later i found out projects dumped twice than it was.
Some of biggest selling these days
I've never seen Something like that happening in Smart BCH before but literally after this experience I'm more alert managing risks before investing because only a one person can dump whole project and your all investment is gone in seconds so these few days i took some memorable screenshot of biggest sells I've seen in Smart BCH
Just a day back someone sold 172bch worth cly which wiped cly half price from 0.0012$ something to 0.0005$ only
Next big sell I've seen was of tango (tangoswap) dex token and 225bch sell around $77k is massive and a huge impact on token price dumped hard and i was not an investor but after this dump i invested some.
Next sell is not too big in screenshot but it is huge selling by a one or two whales sold more than 150bch worth law and maybe more than 200 which dumped law to 0.4$ from 0.85$ and also peoples was panic selling so this dragged prices way much down.
I didn't took all screenshot but someone dumped fire by selling more than 100bch and bought alot of CATs which pumped it price to new all time high.
I'm in a huge loss
After these huge selling i lost alot and was too frustrated while holding BCH in wallet that's why I kept buying token by a little dump and now that's why i lost 50% of my portfolio
It's all right until whales move into other chain and that's what i saw when someone sold Cly
Withdraw his/her all BCH through mistswap router was something to worried about because losing a whale is too bad and we already have only few whales.
Anyways i bought more nowadays even a little amount matters and now don't have any BCH left in portfolio to buy so that's why holding is the only option left and spend some time in Gamefi or NFTs space
Let me know what do you think about these huge selling is it a good for project and investors, what's your portfolio situation these days.
Now I know the reasons why BCH is down, I really thought it was because BTC is down HAHAHA silly me. Thank you for clarifying things around.