Post
Topic
Board Bitcoin Discussion
Is there anyway to tell if Wall Street whales are pumping up the Bitcoin Market?
by
FlyingDutchman420
on 09/12/2017, 20:37:38 UTC
I am wondering, as we enter this new era of Bitcoin futures trading, will the Wall Street whales manipulate the market to their advantage. If so is there anyway to know when they are manipulating the market? Bitcoin is a public ledger. So all transactions are publicly available but is there any software program that is tracking all the transactions to see if a handful of accounts are dumping billions of dollars into Bitcoin? How do you think it would look if these whales try to manipulate the market? I doubt they would have the time to dump billions in the Bitcoin by buying small amounts at a time. It would have to be several large purchases at once. So is there any way that we could watch the market for such activity? Bitcoins market cap has been recently swinging between 230 and 270 billion dollars. How much money do you guys think it would take to swing the price of Bitcoin dramatically higher or lower?