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Author Topic: Things Obviously Are Not That Bad Because Whales Say So  (Read 335 times)
Coyster
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December 06, 2018, 10:36:08 PM
 #21

If only we can pay less attention to the fear and uncertainties spread always by this whales,then probably they may not wield as much powers as they have.
They own huge assets,yes,but they are only able to do so by spreading panic,thus a decrease in price,and more purchase for them
But the system is decentralized and as such fairly vulnerable to manipulations
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December 06, 2018, 10:53:32 PM
 #22

yes in my opinion also the fall of the price of bitcoin is already a normal thing as it used to also often dropped then a few months after the price returned again even more expensive than before.

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December 06, 2018, 11:17:19 PM
 #23

Yeah that's somehow true. Whales always know the game more than newbies because well, they've been in for quite sometime. Whales accumulate more and then sell to make even more profits. But well, who knows maybe the correction is over or not.
We really don't know if this is the play of whales or just the market trend. But anyways, whales participation is really helping to the market of moving prices back and fort. But this tragic fall isn't be the cause of market manipulation made by whales but for the market itself and many investors have turn crazy and sell the coins in bulk but in low price.



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Rainbot
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December 06, 2018, 11:40:21 PM
 #24

i don't know why you said "whales say so", since whales are either silent and say nothing while accumulate without letting anyone know or they are the most noisy people around who try spreading FUD to force others to sell so that they can have access to cheaper prices for their accumulation.

in any case things are NOT good or bad because of what whales do. things are good because bitcoin is a solid decentralized currency which still has all of its features that made it good in first place.

Well said.  the untaped potential that blockchain, and bitcoin possess is still yet to be discovered.  Once that begins to happen.  The value in FIAT will increase to a valuation the likes of which we have not seen before.

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December 06, 2018, 11:53:17 PM
 #25

It is an opportunity for people with more money to accumulate more coins and hold till it goes up. But if you panic sell you might regret in the near future when the price of bitcoins go up.

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