Post
Topic
Board Bitcoin Discussion
Re: Who is really controlling the Bitcoin market.
by
Imran232
on 03/08/2022, 10:42:52 UTC
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As expected, people have some confusion that only whales can control the market, but I have some other thoughts regarding this. I believe those people who are whales have just become whales by grabbing a huge portion of bitcoin, but remember how much coin they are holding. They are also not going to sell their coin at a loss. So they also want profit, and they will get profit when the market goes up. So they play a different game to make a profit in a short time, which is that they know they have a social media platform that they use to create buzz, so they start to react, and when we react, we just start to drop the price, and then we just give again to enter into the market. And after some time, they again gave positive news. The price will go up again and they will be in profit again. And they will continue their games again and again. That's my opinion; others might be different. Thank you.