Quote from: mumang siat on August 13, 2021, 04:15:41 PM

Quote from: hichamito37 on June 30, 2021, 01:51:39 PM

I see many people wondering. Do whales manipulate the market?
I found website, it contains all the information about whale wallets we need to know:
https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html?fbclid=IwAR1Sswk63v4xVX58QdJFhlbzCA6hLNbRguJyimWXK7AfnR86go1kze7gJdg

For this matter it's not really our area to start a conversation, but I would like to say, that for a pope class person it is impossible to do such an act, it would be very influential if done so.

We can't properly prove the source you provided, if I look at the website you provided, there is no solid evidence to justify it, but I'm sure this is impossible for the pope to do, considering his influence is currently at stake.

The whales are only manipulating the short term price of BTC. Since almost all other cryptocurrencies are tethered to Bitcoin, they are also manipulated in the same way.
But whales seem to have little influence on the steady increase in BTC adoption by the market. As more and more people adopt investing in cryptocurrencies, and more applications for their use emerge, their value should continue to increase. Billions of dollars are invested in cryptocurrency mining, from individuals mining coins in their garages, to large investors building mining farms. This belief in a thriving ocean of cryptocoins lends enormous credence to its eventual dominance across the globe. Whales can pump and dump at will, but in the long run, minnows dominate the crypto ocean.