Post
Topic
Board Speculation
Re: Is it real that one or two big whales can seriously affect the price of BTC?
by
VitKoyn
on 27/12/2018, 07:57:40 UTC
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?
You are wrong, affecting the price doesn't mean that you are controlling the market, you are just affecting it, not dictating what should be the price of it. And another thing, decentralization doesn't mean that price cannot be affected by huge investors or whales. Centralized or decentralized, price will still be affected by the whales because of the law supply and demand, and I don't need to explain what it is for you to understand it.