Quote from: Reatim on September 07, 2020, 09:25:21 AM

Quote from: whyrqa on September 03, 2020, 03:10:59 PM

It seems to me that in any case, there is no need to expect a decline in prices. I believe the big whales are not only worried about their earnings, but they will be very confident in protecting their assets. And this means that Bitcoin in any case will have support from investors, attracting more and more investments in order to prevent the depreciation of Bitcoin, if, of course, some situation occurs in the market. Therefore, Bitcoin will have very good results in the market anyway.

But whales are the players,they are the one who is responsible in shaking the market prices mate.
This is what i believe is true,Imagine how much Bitcoin they have in hand?
it is easy for them to Join together and make single decision to bring the market down and also they can make it up.
though this is not proven but this is the scenario that comes to my mind talking about whales.
Anyway what happens now is that Bitcoin has a strong support at $10k level meaning we are only waiting for spike to make it up again.

Whales are not as big of a deal as everyone makes it out to be. They are surely richer than us and that means when they make a movement they could definitely make a bigger noise than we could ever make however the reality is we are not really that much effected by it at all. Sure if there is a big big news about someone selling 30k bitcoin that could make a change but we are talking about whales, plural, which sounds like whales are playing a different game than we do.

You could buy at the same prices they buy and you could sell at the same prices they sell, this is not wall street, everyone is welcomed here, which means you could make same exact moves they make and nobody can stop you, meaning you could make profit from the same things if you want to profit from them, it is not an exclusive club.