Post
Topic
Board Bitcoin Discussion
Re: Crypto Whales May Be Behind The Current Bitcoin Surge
by
niisarearning
on 15/05/2019, 09:58:31 UTC
bitcoin surge happens when fiat moves to exchanges and if whales were behind it then you had to look at their bank accounts where they trasfer fiat to buy bitcoin increasing its price, not the bitcoin blockchain!!!

ps. we had 4 huge news today leading to this rise. 5 if you count the price rise and the FOMO itself:
1. Microsoft launching a tool on bitcoin blockchain
2. eBay supposedly planning to accept bitcoin
3. BAKKT announced futures
4. Starbucks, Nordstrom, whole foods now accept bitcoin payments

p.ps. the drop below $6k was whale manipulation months ago. this is just market going back to normal after that manipulation was over.
I do agree but compare to Binance hack and China Crypto Mining Ban what you mentioned are not much effective . Even after Binance hack market is moving upward trend it indicated whales are prepared for next bull run . Not only crypto market am also traditional regulated equity , Commodity investor even this market most of the time decided by Whales. Its hard truth.