Lol!! These whales are not just in the mood to smile just yet right now. I also believe something is cooking for them to be making his type of costly move. We all should be on the watchout because anything can happen at anytime based on this heavy chunk of Bitcoin movement we're seeing here
Yes, I think this is the reason, although I am still learning about the movements related to cryptocurrencies. The bitcoin has been on the rise, with some variations but this can change at any time.
While reading the information I was thinking about what you describe, the control these people have over bitcoin. It is important to note that after creating this topic, I was informed that they are exchanging large amounts of cryptocurrencies.
You are very right about bitcoins price changes. As the price keeps soaring now on a daily basis, one still needs to be very careful not to be greedy in his investment.
Even if they are exchanging large amounts of cryptocurrency it could account for a lot of the volatility that we see in the market as well because smaller investors will not be able to have this sort of influence over the value of a specific cryptocurrency.
Greed is what has led to huge losses for investors, so one must be cautious and at the same time bold. I believe this is the way to avoid succumbing and then regretting the wrong decisions with cryptocurrencies.
So I am understanding some details of cryptocurrency, its investment and how it works, as I thought about it. The main reason why volatility is so present in cryptocurrencies is because of the whales' bulk movements.
You are very right. One need to be very careful in buying huge amounts of bitcoin at this period because the motives behind this large amounts of bitcoins bought by whales calls for serious concern.
January we can do it by means of exchange platforms or if they do not have sufficient on an exchange platform then they can always use multiple exchange platforms in order to complete the transaction.
I don't think it calls for a serious concern . It actually call for a need to buy more as it shows that the bull days are very much close. Their huge buy always affect the market positively.
Ordinary individual are not the one that determines the prices of a coin. The whale investors does because of the huge amount of money they invested in it. Anytime they decides to pullout their money, the price of bitcoin will fall massively.
Na wa ooo... No wonder they can manipulate the market the way they like, how can a whale have up to 50% of circulating bitcoin alone...
I think this is exactly what is happening in the cryptocurrencies space currently. The whales get to manipulate different coins they want.
I think you are right with your statement, however this also means that the moment these whales decide to sell will come the " bear run"? I ask to learn, I also know you have extensive knowledge in cryptocurrencies.
Amateur crypto investors like me will always be confused by the whales' game, so we should always read the latest crypto news so we don't get caught up in their game.
When Whales dumps their coin , Supply will exceed demand and this will lead to a fall in the price of bitcoin. I believe that the best way for small investors is to have an entry and exist point.