Post
Topic
Board Bitcoin Discussion
Re: If Whale hoards bitcoin, will the market run out of BTC to buy?
by
Wakate
on 13/08/2021, 19:11:23 UTC
Bitcoin is limited in quantity. News like so and so billionaire or so and so company bought 100,000 BTCs is now commonplace due to the dip. Will there be a time when there will be no bitcoin to buy. If so then what will happen then?
The Whales that op thinks are holding Bitcoin are not really holding it the way we thinks. There is a certain volume of Bitcoin that needs to be transact inside a pool before the price of Bitcoin must move. Buying and selling of Bitcoin occurs every seconds which triggers both buying and selling of pools to bring about movement in the market.

The cryptocurrency market has several ways of balancing the rate of buying and selling. Even the Whales are not just holding there Bitcoins but also trading it to make exorbitant profits. The major aims of the whales is to accumulate Bitcoin for easy for easy profits when put in trading.