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Author Topic: Will it help bitcoin if we shift funds to it ?  (Read 539 times)
senne
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November 01, 2019, 12:51:09 PM
 #81

We are all aware that the bitcoin is the last hope when the other altcoins including Ethereum are struggling to survive and even bitcoin has not had any massive pump as it's fighting hard to stay on $8,000 despite numerous fluctuations but will it help bitcoin if we just move our funds to bitcoin which we have invested into altcoin as it will increase the demand of bitcoin if everyone can do that as this will literally do what the whales have been doing to increase the price when they want by creating the demand.
Retail investors aren't that high in number that if they all shift to Bitcoin, it gonna have any lasting impact on the price. There might be a pump for a while but that would be all. Whales can manipulate and effect price. There is a reason they are whales, they have volume with themselves. Retail traders are small fishes in the market. Moreover, you can't make everyone shift. People have their own trading strategies and thus, effect on price would be minimal.
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