Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Market Is Manipulated
by
dimastegar
on 04/01/2020, 23:59:15 UTC
Bitcoin price is determined by the few whales who happened to hold since the early days. If they want they can pump BTC to 1M $ and if they want they can dump BTC to 100$.
Doesnt matter who you are, A BTC holder or a daily trader, whales control BTC price.
What I mean by whale? The person who have more than million Bitcoin.
Bitcoin technology is great but Market is compeletly different story.
I don't think so lol. Even for a whales, it will not be able to make the price of Bitcoin to that number. Someone needs at least trillions of dollars to make BTC prices go up to 1 million dollars lol. Plus, BTC is not a coin made for pump and dump.