The whales are the ones responsible for the movement in the market, they invest heavily to buy huge volume of the coins causing scarcity in the market and eventually increase in price , at a point if they made enough profit they dump it and the price crash
@ahmedo24 thanks for your reply. Yes, I have read about the whales. Are they the wealthy who bought a big chunk of the crypto currency or are they the starters of the particular coin in the market? That is actually my question - how can you pioneer a coin. Do I just say I have this Andoy Coin and you can buy at only 1 cent per coin. How do they do it?
If you have a coin you want to promote you have to liase with the famous Crypto currencies to know the process of listing the coin in their platform then you get to talk to whales to invest heavily in the coin to attract more people to invest in it.
That's fact, it becomes scary when the price is pumping very high because there is high possibility that there will be a drop in the price in a short time.
Its as been so since may when the dip system falling but recently its as changed hands, its no longer dip during the weekend but during the week.
That's a good way to observe as a good investor, it means you are a good observant , I think you are actually right about the coin diminishing during the weekend's and picking up on work days, but I have never observed it.
Well the thing there is that people are very available to do short term trading during the weekends and also unavailable during the week as such price becomes more stable
There is always trade 24 hours in a day and throughout the week so I don't think weekends are left out, the reason I felt market usually drop during weekends could because more sell of to get money for expenses during the weekend.
but still no harm in learning a thing or two.