Post
Topic
Board Speculation
Re: Whales and their influence
by
el kaka22
on 10/01/2019, 07:35:28 UTC
Every problem is easily blamed on others, but nobody blamed the whales when they were enjoying the bull run right? Just like nobody blamed the forkers and the bounty hunters until the bulls ran off and left us with the bears.

It's a fair question, why not support crypto and do something? Instead of just buying and selling on profit? But easier said than done right?
But you cannot ignore that whales are the core reasons why we are here at the current levels of bitcoin markets. I'm not finding wales was contributing in the rising market because it was about the impact of fiats hence it is all about institutional investors who are known for big amount of fiats and not about their crypto holding. But, there are possibilities like whales who did dumps at peak times might be having big amount of fiats and joining in the market when market was rising , still we do consider them as institutional people not as whales.

Worldwide, most people are not having enough opportunities to support crypto in terms of using it but all they can do is, buying and then holding. I do believe holding must be the big help for cryptos, which is the only thing we can do these days. But, we cannot stop people who are all making profits by continuous buying and selling because they are the market mover and we must need them all the times.