Quote from: Silberman on April 20, 2023, 06:13:05 PM

Quote from: Greggry on April 19, 2023, 07:21:48 AM

Please am trying to understand how the systems work that's why I need more clarification from you. I watch this cryptocurrency prices going up and down the axis but often times I ask myself outside the fact that when people made withdrawal it affects the price going down and when people invest high capitals it increases the price automatically but is there some kind regulators like human agents or electronic technology who always do the regulatory price actions especially when trading bitcoin? Or is totally program that way? Only your views please.

There is no central authority that says that today the price of bitcoin should be at a certain level and then a few days later they decide to make the price of bitcoin to go up or down, every single one of us has an influence on the price when we sell and when we buy, obviously the whales have way more influence than us, but at the end they are still held to the same standards we have to face, and if they make a mistake then they can lose money as well.

Exactly, that's because Bitcoin is volatile, there's no guarantee when it will pump or dump. The market goes up and down not only from buying and selling, there's always news that for example the economic situation that might affect the market in the cryptocurrency to pump or dump. For sure, whales also one of the reasons that can affect the market price especially most of whales are in group so they act together. If they want to pump the price for sure they'll invest but when they sell the coins value will reduce. That's why most whales have discord or telegram for them to announce they will invest or sell in a certain coin for other people to be aware and be ready to enter the market.