Bean Cash Trader keeps selling or rebuy between 1.2 cents to 1 cents, unless..
If you look at bean cash lately. Traders keep selling when it reaches around 130-140 Satoshis. They are not giving it a chance to go higher. Its like they intentionally trying to keep it around 1 cents from 1.2 cents, so they can rebuy. If it goes below 110 Satoshi, they re-buy. But don't you all want it to go to 2 cents someday or even 5 cents. But what I do realize is, if Bitcoin prices go up, that is when it may be a real rise. When bitcoin rose from 8k to 9k, you have a new bottom from 100 Satoshi to 110 Satoshis.
So what this tells me is, the Stakers are winning over the high price investors. The Stakers, are controlling the range, depending on how much they can gain from interests. However that is delicate balance. As there is more and more people, the staking may be smaller. But if there are a few with many of coins, they will gain most of the staking interest by the weight of amount they have. It may be they are the ones, who are controlling this.
Have they risen the new bottom? *** Although, today may be a new low. It is now finally at 120ish Satoshi and 57 btc in the buy and 55 million. We shall see. But I don't know, it was as 64 btc around and now it is bouncing from 50 to 57 btc. Hopefully it'll go higher. Although, there maybe a fight and if it holds like this for a while. We may finally have a higher new bottom without Bitcoin prices hitting the moon.
For people who are not huge bean cash whale, what choice do they have to short some, once a new bottom is established. Is like they have to wait for the big score for while or if Bitcoin price goes up.
** Disclaimer This blog is based on my opinions. I am not giving professional advice. Anything written here should be taken as an opinion and is the responsibility of the reader to take due diligence as such. Basically saying I may be wrong, right or neither, just saying its my opinions and my voice.