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Author Topic: Strengthen and better stabilize the bitcoin process  (Read 347 times)
STT
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October 16, 2020, 09:27:35 PM
 #21

The sea and tides are bigger then any whale, the only thing that counts in the end is consensus or a recognised trend.   A whale or large seller or buyer can influence a market and if it was set to tip anyway then it can catch and form a bigger move but its not certain and if the whale is just incorrect in their selling then its effect is dissipated into the larger amount of buying of selling and it matters not even with their size.   We have globally distributed markets, multiple nations, languages, cultures and time frames so its not clear who is in charge or how it might vary each day week or season.  BTC is quite unique not as easily influenced in this way, we should acknowledge its still quite a small market and obviously dollar has a large influence and so government but I never judge anything quality by the lesser negatives that exist, it should not be diminished that easily.

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October 19, 2020, 08:36:42 PM
 #22

The sea and tides are bigger then any whale, the only thing that counts in the end is consensus or a recognised trend.   A whale or large seller or buyer can influence a market and if it was set to tip anyway then it can catch and form a bigger move but its not certain and if the whale is just incorrect in their selling then its effect is dissipated into the larger amount of buying of selling and it matters not even with their size.   We have globally distributed markets, multiple nations, languages, cultures and time frames so its not clear who is in charge or how it might vary each day week or season.  BTC is quite unique not as easily influenced in this way, we should acknowledge its still quite a small market and obviously dollar has a large influence and so government but I never judge anything quality by the lesser negatives that exist, it should not be diminished that easily.
The sea and the tides could be bigger than whales, but let's remember when the whale is big enough it can create a big wave as well, not that it would be destroying the sea, but it would be disturbing the small fisherman above from all the waves.

When whales are trying to do something they don't do it because they want to destroy the market or anything, they are doing it so that they could fool the small timers and make a bit more money, when those small timers have few thousand dollars invested, enough of them makes it worth it.

If you are a guy with a million dollars and go into some altcoin with a bit of interest, like 5-6 million dollars volume per day, and you start to slowly buy in bulk, like 50k per day, it suddenly has a huge increase and just get out with your profit and be done with it. That whale didn't destroyed the market, hell it even helped some people, but it also made its profit from the fools who though increase was legit.

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October 20, 2020, 10:41:00 AM
 #23

The sea and tides are bigger then any whale, the only thing that counts in the end is consensus or a recognised trend.   A whale or large seller or buyer can influence a market and if it was set to tip anyway then it can catch and form a bigger move but its not certain and if the whale is just incorrect in their selling then its effect is dissipated into the larger amount of buying of selling and it matters not even with their size.   We have globally distributed markets, multiple nations, languages, cultures and time frames so its not clear who is in charge or how it might vary each day week or season.  BTC is quite unique not as easily influenced in this way, we should acknowledge its still quite a small market and obviously dollar has a large influence and so government but I never judge anything quality by the lesser negatives that exist, it should not be diminished that easily.

We are most affected by prices when whales are related to each other.
And I think there is a connection.
Even if one whale is in Asia and the other is in Africa, it may still be.
People who are rich are definitely influential people who can easily find people like themselves.

Even if 1 whale initiates a big trade in one exchange it will still influence the global price of Bitcoin as traders will immediately see the price gap in one of those exchanges, some even have multiple exchanges being used simultaneously for them to take advantage of the price difference. These is how it works when a big mover does the first move as there will be a lot of people monitoring the prices and they are trying to keep close with these differences.
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October 20, 2020, 12:41:02 PM
 #24

The sea and tides are bigger then any whale, the only thing that counts in the end is consensus or a recognised trend.   A whale or large seller or buyer can influence a market and if it was set to tip anyway then it can catch and form a bigger move but its not certain and if the whale is just incorrect in their selling then its effect is dissipated into the larger amount of buying of selling and it matters not even with their size.   We have globally distributed markets, multiple nations, languages, cultures and time frames so its not clear who is in charge or how it might vary each day week or season.  BTC is quite unique not as easily influenced in this way, we should acknowledge its still quite a small market and obviously dollar has a large influence and so government but I never judge anything quality by the lesser negatives that exist, it should not be diminished that easily.

I don't just agree that the dollar and government has influence in it. The dollar though play big roll because it is the major fiat used for conversion to cryptocurrency but that doesn't mean influence .Government can ban but not influence the amount of coins to buy, or they have not done that yet if maybe that could happen through exchanges.

As to the whales, they can throw in some coins that is possible to change price.
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October 23, 2020, 03:12:31 PM
 #25

^Whales do not work together, on the contrary they work against each other, the reality is that people who are whales would want to make big deals, they are not like you and me and they won't do stuff like a thousand dollars, they will do millions of dollars, maybe tens of millions of dollars which means they are going against small timers with that much money so they will be hurt if the small timers do not react quickly all together all at the same time.

However when a whale invests 50 million and there is another whale that invested 50 million, one of them could take the other ones money with one good move. That is why you see all the long future and short future people fighting against each other, there were billions there that exchanged hands with one big movement any direction.
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