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Topic: bitcoin whales (Read 97 times)
Sirbenjamin
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bitcoin whales
December 24, 2017, 01:59:56 PM
#1
How much of the volatility of bitcoin is due to whales influencing the market price versus new or outside investors?
The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
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mk4
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Paldo.io 🤖
Re: bitcoin whales
December 24, 2017, 02:18:41 PM
#2
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.
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thepr0digy21
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Re: bitcoin whales
December 24, 2017, 04:13:36 PM
#3
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.
PaRiTyyy
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Re: bitcoin whales
December 24, 2017, 05:07:37 PM
#4
Quote from: 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?
With the cap being 500kkk+, it's not that important. It was something to worry about in 50kkk cap or so bro
whycrypto
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Re: bitcoin whales
December 24, 2017, 07:05:35 PM
#5
Could be a buying opportunity of a whale cashed out?
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