Post
Topic
Board Bitcoin Discussion
Re: Are the Whales Control bitcoin price?
by
pawanjain
on 15/01/2023, 17:21:18 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?

I think you are confusing two things.

One is a whale where a trader who holds a huge amount of coins trying to manipulate the price and benefits from price difference.

The other is 51% attack which is done by miners owning more than 51% mining power and tries to attack the blockchain.