Post
Topic
Board Bitcoin Discussion
Re: Are the Whales Control bitcoin price?
by
bangjoe
on 21/01/2023, 13:01:27 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?

As many people have said whales will not be able to regulate the bitcoin network because it is absolutely decentralized, if in terms of price it is possible for them to be able to manipulate the market with FUD or selling and buying which is quite large in value, but so far the whales are not only one there are thousands whales who are competing to buy the lowest price of bitcoin and maybe they will also be in a dilemma considering the global situation, this situation can benefit the whales but can also harm them too because basically their influence can be said to be small in the market, unless the whales cooperate, but that impossible.