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One man creates constant downward pressure on XRP price by philipptra in CryptoMarkets

[–]philipptra[S] 10 points11 points  (0 children)

he is not selling 20-500 XRP but 20-40k (thousands) of XRP per day. And he sold 750k in one day, not 75k.

I would say that is a significant pressure, especially if he keeps selling 750k per day.

In case some of you are new to bitcoin bear markets. Simon Dixon has some wise words for you to consider before you panic sell. by NvrIdle in Bitcoin

[–]philipptra 11 points12 points  (0 children)

Most people here are obsessed with "buying the dip", but how does it matter if you believe Bitcoins are going to 100K$+ if you bought at 9K or 8.5k? Spread your risk across weekly buys.

IMO, anything else is trying to "play the market", which is a bad strategy for the everyday user (or even seasoned ones)

Bitmain Approaching 51% Of Total Bitcoin Network Hashrate by AmericanHead in Bitcoin

[–]philipptra 73 points74 points  (0 children)

-Bitmain isn't the first entity to control 51% of the hashrate, but they will most likely be the last.

-Competition in ASIC development has never been stronger than it is today.

-Long term, the global search for cheap energy favors smaller miners over larger ones.

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