Quote from: radjie on January 07, 2020, 02:44:09 PM

Quote from: alexey14 on January 03, 2020, 09:14:41 PM

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.

indeed the main role that is able to influence market prices is that of the whales who have a large amount of bitcoin, they can easily play market prices, although basically market prices can change according to the demand and supply of many people but the role of whales can also be a major factor capable of changing market chart

Yes, that's the disadvantage of Bitcoin because whales are in control of it, so it is up to us how we are going to take action with market behavior, so before you will invest and hold Bitcoin make sure that you are always ready with something that will happen. Bitcoin, really can be manipulated anytime, so we must be ready with it all the time.