Quote from: avikz on September 04, 2020, 05:21:05 PM

Quote from: tulpe123 on September 04, 2020, 03:21:22 PM

Its pretty easy to be whale in crypto, whales could manipulate price as they want. Also, a lot of fomo and fud here, that's affect the price too

How on earth it is pretty easy to become a whale in crypto? I would like to know!

Whales are definitely there but they are not the only reason why bitcoin price fluctuates. It's just one of the many reasons out there! What fluctuation you see, is one of the rawest form of human emotion without any centralized authority to step in.

FUDs usually play a role but it's super temporary unless that FUD comes from any world leader or someone supremely powerful.

I agree that it's not easy when we talk about Bitcoin (I believe it's next to impossible and that 'whale manipulations' talks are more like conspiracy theories). However, this person said 'in crypto' and there are tons of shitty altcoins that can be manipulated with relatively low amounts of money, so I guess it counts as being a whale (relatively, of course).
And I agree with tulpe123 that FOMO and FUD play a massive role in price formation. Sure, it's demand and supply in theory, but often the demand varies greatly due to some speculations or mildly related to Bitcoin events that trigger certain attitudes (sometimes positive, but usually negative), and that, in turn, leads to a significant temporary change of price.