Post
Topic
Board Altcoin Discussion
Re: Elon tweet again that he is supporting Crypto against Fiat
by
BuNga_cute
on 08/06/2021, 21:35:10 UTC
Not all rich people who buy Bitcoin want to be known to the media or the public like Elon Musk, I believe that many famous and rich people have
bought Bitcoin. But they have their own reasons for remaining anonymous, therefore the price of Bitcoin can be very high, this must be
the contribution of the rich. Because like you said where there is an opportunity to make money, there will be many billionaires who want to take
the opportunity.
We just known them as "whales" or "big players" in crypto. Even big companies are little by little adapting the changing environment of businesses. They slowly obtaining assets from crypro because they know that the potential of crypto to over power fiat is really high and when that time comes, they already have an asset in crypto market.

Therefore whales can indeed have a fairly large effect on the crypto market, we must always be vigilant and monitor the movement of whales.
If there are rumors that whales will enter the market, usually the crypto market will increase in price, but if whales decide to leave the market,
crypto market prices have decreased as is happening now. But it is common for whales to suddenly enter and exit the crypto market, they usually
do it to manipulate prices, in order to make a profit, by exploiting the panic of inexperienced investors. So don't be fooled by the manipulation of
the whales. If the market goes down like now, don't panic selling the coins we have, because whales are waiting to buy coins at cheap prices in
the market like now.