Ninjastic
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Re: Is it real that one or two big whales can seriously affect the price of BTC?
by
keanne_isaac
on 27/12/2018, 20:57:52 UTC
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?
It doesn't matter on the number of whales to which can affect the price of bitcoin but what matter most is the quantity of bitcoin they are holding. if there is a 1 whale who have a 10% of total bitcoin circulating supply and he will dump half of it for sure it would affect the price of the bitcoin even he is the only one selling.