Do they have a big red button that releases bitcoin when they're ready?
I was particularly curious about this question.
I don't think whales have a "big red button". A cryptocurrency is not a penny stock. Well, I actually don't know if this statement is bullish or bearish.
- If it's bearish: Crypto-nerds would continue to use Bitcoin. They would have "got out" a couple of days before the big crash. But then they would enter again. Remember: A cryptocurrency is what the community decides. If the community accepts that it's a valid substitute for regular fiat currencies, then it is. Period.
- If it's bullish: At a first glance, it would seem like it's easy to make Bitcoin a massive success for the public. But it's not. It will take time, because there are many services that must be more user-friendly. Bitcoin is still not ready for the masses. That doesn't mean it won't. But YOU (service providers) must make it ready for it.