The Crypto-Capitalism

[bots1]

There is one reason why after bitcoin experiences a bubble then falls to hell. It was caused by ICO, they collected funds to sell to the market. Imagine if there were hundreds of ICO projects selling coins (BTC or ETH) that they got from ICO sales, what happened? They sell coins to fund their projects, but they don't think about maintaining the value of cryptocurrency. So, I think whales are also victims in this matter.

[pixie85]

The assumption that some magical whales are controlling the market is fundamentally wrong. Rich people are controlling the market and they don't have to be whales in the way that they hold a lot of bitcoins. They can be total newcomers with a lot of money to invest. The market isn't only controlled in one way (down). A fiat millionaire can come to an exchange and buy coins dragging the price up.