Re: Is it real that one or two big whales can seriously affect the price of BTC?

Quote from: I_wanna_to_communicate on December 27, 2018, 06:16:17 AM

As for cryptocurrencies, I know their markets are often handled by some big whales.

While some times, it's said that, a little group of whales, or even solely one whale can affect the price

https://www.reddit.com/r/jex/comments/a9wizj/sometimes_love_and_care_is_very_improtant/

As I've thought BTC is of decentralization and its price shouldn't be easily controlled by a too small a group.

So may I believe this kind of saying?

BTC desentralization doesn't mean that the bitcoin price can't be influenced by crypto whales.
I think that a crypto whale can easily crash the bitcoin price by selling adressively his own bitcoin holdings.
When it comes to pumping the price,I think it would be more difficult,because it requires a lot of promotion and propaganda,that will eventually build hype around btc.