Post
Topic
Board Economics
Re: Is it true that a whale moved 8k BTC?
by
iged_war
on 11/06/2018, 21:19:13 UTC
Hello,
I heard that there is a whale that moved 8k BTC to an exchange and that what caused the price to go down in addition of Stop-Losses being triggered.Is that true?What do you think? If it's true I consider it to be a big problem as we clearly see that whales manipulate the market easily which is harmful.
I think this does not affect much to the market price of bitcoin just transferring a amount like 8K BTC will be just a normal trade in the list. The most amount of effect on the price of bitcoin appears only when a large number of community invests in it or sells it a single person cannot manipulate the market and cant make such a sudden change.
if we compare amount that moved to an exchange, its not ti much.but behind on that it's action influence other people to sell bitcoin they have.and now its have big effect in market.bitcoin reduce more than ten percent because of this.