Post
Topic
Board Bitcoin Discussion
Re: Are the Whales Control bitcoin price?
by
coinerer
on 13/01/2023, 16:53:11 UTC
we all know no one can controls the bitcoin price because bitcoin isn't like bank, stock and valas. but if the whales owned 51% of bitcoin, can do it?. if happen, does decentralization not exist?
A whale investor can make the market take an unusual shape, but not for long.  When a person buys or sells billions of dollars of bitcoins at once, it is normal for the market to behave differently for a while.  But he alone cannot control the entire market as he wishes. But yes I believe that some part of the market can be controlled by whale investors but the whole market is not dependent on them.