Post
Topic
Board Bitcoin Discussion
Re: Are the Whales Control bitcoin price?
by
Popkon6
on 16/01/2023, 22:45:13 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?


In a Bitcoin market whales do not hold 51% of the market.  In certain places, whales are ready to take the market pace, but the owner himself will open many of them.  But if he had taken over the market by 51%, the Bitcoin market would have gone to ruin before it is here today.
Bitcoin is not controlled by anyone.  Many say Bitcoin is controlled by whales including the OP but they are just a scam but the Bitcoin market is controlled in its own way and depends on investors and trading and investors.  Many people help keep Bitcoin moving with information, but they aren't actually whales.