Post
Topic
Board Speculation
Re: Is it real that one or two big whales can seriously affect the price of BTC?
by
creeps
on 27/12/2018, 08:06:26 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?
Whales can influence the price of bitcoin simply because they are already a Millionaires that owns a lot of bitcoin, and for sure through this recent dump they have already acquired more bitcoin and that makes them more powerful than ever. We have to accept the fact that there's really a manipulation happening in cryptomarket, but don't worry because cryptocurrency is meant to pump high in the future, let's just learn how to ride with the whales and take profit when those whales are tired of pumping the market.