Post
Topic
Board Altcoin Discussion
Re: Who controls the market?
by
Zadicar
on 23/10/2018, 18:49:44 UTC
As before, today the market for cryptocurrencies is controlled by the whales - these are large players who own a huge amount of cryptocurrencies and can control the market by buying and selling assets.  The main feature of a whale is the presence of a large amount of cryptocurrency.  Its main goal is to manage the rate of this crypto currency for its own benefit, and for this it is necessary that the coin be in demand and very popular. Whales are a normal phenomenon for any market.  Large asset holders always set the development vector and combine to guide the market.  As long as they are interested in the crypto currency they are holding, they are also interested in the fact that it does not collapse.
Most whales are only interested on the profit that's why they have to make a move when the market is really up to something big like fork. They were usually the team of pump and dump for every crypto because when they saw that something big is coming they were ready to hype the market no matter what or how much will it cost as long as they could get their investment on any coins double or triple times then they're ready to sell.