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Author Topic: Are there truly crypto whales and what are your takes on them?  (Read 321 times)
Jatiluhung
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January 11, 2023, 09:00:48 AM
 #41


My questions
~Are there private individuals who own and posses such amount of Bitcoin?

Whales do exist and I think whales do have a lot of bitcoin and an example is Michael Saylor's. I think Michael Saylor's has even more bitcoins. But we also have to know that most likely the whales will definitely save or spread their bitcoins into several wallets or dozens of wallets. and it is not possible to store them in one wallet. and if you find a wallet with a large number of bitcoins in one wallet as you show. then I think it is a wallet belonging to a centralized crypto exchange like binance. and it is common to find CEX wallets that hold many bitcoins belonging to CEX users themselves.

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January 11, 2023, 09:25:31 AM
 #42

~Are there private individuals who own and posses such amount of Bitcoin? Yes, and it's easy to check just check on the blockchain, you can check each adress which belong to individual or company
~Why will one posses such amount as an Individual? whale basicly those that trust btc and gamble all in from beggining of btc. i know people that sell all their belonging to buy btc at 2011 guess how much they have now. they only sell 1-2 btc to hold on bank. 
~Are there any consequences to this? ofc they control the market, just like in stock or forex whale/institute exist that move and profit the most on the market, as we chase them to eat their crumb
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