Bitcoin Forum

Other => Beginners & Help => Topic started by: Sirbenjamin on December 24, 2017, 01:59:56 PM



Title: bitcoin whales
Post by: Sirbenjamin on December 24, 2017, 01:59:56 PM
How much of the volatility of bitcoin is due to whales influencing the market price versus new or outside investors?


Title: Re: bitcoin whales
Post by: mk4 on December 24, 2017, 02:18:41 PM
There's no way to know for sure, but whales can surely crash bitcoin by simply dumping a huge amount of it on a single exchange, effectively crashing it more if it's a planned dump by multiple whales(not sure if they actually do this though). Though personally I think FOMO buys and fear sells has a bigger impact on the price of bitcoin.


Title: Re: bitcoin whales
Post by: thepr0digy21 on December 24, 2017, 04:13:36 PM
In all honesty, dont worry too much about the whales. While they certainly have their agendas, you wont be impacted unless youre entering into a pump and dump.


Title: Re: bitcoin whales
Post by: PaRiTyyy on December 24, 2017, 05:07:37 PM
How much of the volatility of bitcoin is due to whales influencing the market price versus new or outside investors?

With the cap being 500kkk+, it's not that important. It was something to worry about in 50kkk cap or so bro


Title: Re: bitcoin whales
Post by: whycrypto on December 24, 2017, 07:05:35 PM
Could be a buying opportunity of a whale cashed out?