Quote from: jjacob on May 06, 2018, 11:24:41 AM

Quote from: harbs23 on May 06, 2018, 05:39:45 AM

In my observation in bitcoin price !!
I think the WHALES are the manipulators of shifting price of bitcoin and alt coins
Why?
Because whales are buying huge amount of coin, in this case there will be a sharp rise in prices and also because of this demand will increase and many investors will be able to invest, so the outcome is,WHALES had a large profit on their money or capital, i think this is why the alternative currency increases.
and after they buy it they will sell their coins that will cause a sudden fall in its price of alt coins.

This isn't something new. Whales always had the ability to move markets in the crypto world. This will change with increase in liquidity of the markets. Altcoins are less liquid than the Bitcoin market and will always be susceptible to pump and dump schemes.

Well that's true but aside from whales we also have speculations to consider. Market moves through how people feel about it. It determines if much money will come in. Like fomo. If people suddenly becomes confident because of rising prices, fomo comes in which could raise the value higher. Same thing though with panic but with opposite effect