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Author Topic: Whales and their influence  (Read 337 times)
Nah-256
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January 22, 2019, 08:46:16 PM
 #41

The lack of understanding regarding the bitcoin network on this thread makes my brain hurt.

The 2016 bull run made whales both crypto and fiat filthy stinking rich. Not Lambo rich.. private island, political influence rich. The couple hundred people who have whatever 40+% of all circulating bitcoins were able to sell peanuts of their bags and make...more millions.

Early adopters in the btc community were already millionaires with the run to $100 or before. Any idealist who was smart enough to stack btc in the cents, single digit dollars, or CPU mining that didn't cash out at 2-500% profits are your whales. This group of people saw the big picture and now everyone else is along for the ride. They run these markets. Now they've taken profits from 20k down and continue to do so. These whales are intentionally pressuring the price of btc down and accumulating their coins back plus more from investors who only jumped into crypto during the bull run of 2016 just like the one before that and the one before that and the one before that.

You can't stop them but when they are finished splashing along they will have more BTC and fiat than ever before and bitcoin will skyrocket again with no resistance and we'll hear the guy who cuts the lawn talking about how MSNBC says buying Ripple at $22 is a great investment opportunity.  Roll Eyes  

Look at some of the top addresses and see when the last bitcoin moved from those wallets. They haven't. Sure some are lost forever but you'd be a fool to think that's the majority. They're literally controlling the markets using small portions of their crypto assets while some of these high rollers don't even need to touch their btc to have their hand on the wheel using just their BCH and fiat.

Buy bitcoin when you can and whatever you do, don't be on the sidelines with Tether or fiat when this next bull run ensues.
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@prashant
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January 29, 2019, 05:07:13 PM
 #42

It is not a new thing as we know ,we have seen their influence in the past but now major manipulation are mostly done by big institution or mining company,I have not seen recently and big whale address moved so they probably are not manipulating now ,may be they are doing through sub addresses but still we have not seen major holder taking action in past few months.there can also be case where fud is created by chart reader to form desired pattern.
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January 29, 2019, 07:57:43 PM
 #43

The whales exist in most of the market and in stocks and commodities, if you trade against them you are going to have serious loses on your investments.  Therefore the whales keep influencing the market and if you really want to makes profits from the cryptocurrencies market you have to findout what the whales are going and invest along the way.
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January 31, 2019, 08:41:07 AM
 #44

Who can benefit from a catastrophic market decline?

Of course, the whales, those who have huge funds to catch the dump will benefit from this. Apparently, they manipulate the market to their advantage, so that they can accumulate more and make good profit during turnout. So, we must also think and do as the whales do. We must join hand-in-hand to hodl. We've been enduring the painful hits of this market plunge for a long time now. I guess, it's time that we also benefit from it.
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