Quote from: lizarder on October 30, 2021, 08:39:24 PM

Quote from: RILWAN on September 07, 2021, 04:42:13 PM

i have follow the bitcoin chart movement for some time now and have discovered that the market is highly unpredictable, with the sudden crash of the price from 52,000 to 46k this have relieved the fact activities of certain individuals or whales are always responsible for such crash. what is your opinion on this?

Those who are actually responsible for the conditions that occur in the bitcoin market, there are even times when they make a pattern of decreasing the selling value of bitcoin or what is called a correction, so that this condition is used by them to buy, investors always see opportunities to invest and they can also determine up or down. bitcoin's downturn, realize it or not, that's what they continue to do.

Whales are often more responsible in market's price changes, either dump it or pump the other way around. If they want to make bigger purchases, they will start manipulating the market and cause it to dump so they can have bigger discount in buying those cheap but potential coins.

However, if they want to see the market pumps, there are those positive news that will create significant pumps in the market and will most likely affect the whole crypto market. In this way, if the decide selling their coins, they will gain huge profits especially if they have bought them from the dip and sell them at their new heights.