r/CryptoCurrency Jul 16 '21

OFFICIAL Daily Discussion - July 16, 2021 (GMT+0)

Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating.


Disclaimer:

Though karma rules still apply, moderation is less stringent on this thread than on the rest of the sub. Therefore, consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.

Please be careful about what information you share and the actions you take. Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams.


Rules:

  • All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect.
  • Discussion topics must be related to cryptocurrency.
  • Behave with civility and politeness. Do not use offensive, racist or homophobic language.
  • Comments will be sorted by newest first.

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244 Upvotes

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8

u/bill__the__butcher Bronze Jul 16 '21

"on chain date shows that whales have been accumulating"

ok then why isn't the price going up

5

u/Layneeeee Platinum | QC: CC 63 Jul 16 '21

Because other people are selling

3

u/PME_your_skinny_legs Platinum | QC: CC 721 Jul 16 '21

They do it over the counter, or DCA

5

u/Norbit11 RVN enjoyer Jul 16 '21

Because retail is selling( bigger part of it)

4

u/Laude85 Tin Jul 16 '21

Because they buy otc

3

u/CryptoKing57 Gold | QC: CC 140 Jul 16 '21

Whales are always accumulating.

3

u/GaudExMachina Platinum | QC: CC 78 | Politics 67 Jul 16 '21

Because they can accumulate while dropping the price.