I think this man is so powerful he can determine what happens to the crypto market when he by the value increases when removes the value decreases
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That is not true , every whale knows the entry price and will only sell when he has made much profit from the investment . Whales do not panic sell their tokensWhat they does is making low investors to suffer. They will invest hugely in the coin, once the purpose of their investment has been achieved they will then dumped it. Once a big whale investor did that, others are likely to do the same.
That is exactly what I was saying. They intentionally buy a lot of cryptocurrency making the price to pump up, when it does they will withdraw most of their cryptocurrency leaving small investors to their fate.That is not true , every whale knows the entry price and will only sell when he has made much profit from the investment . Whales do not panic sell their tokens
Well , a wise small investor should know the entry point and thus use it to calculate his exist point less he will have to suffer from the actions of whales.That is exactly what I was saying. They intentionally buy a lot of cryptocurrency making the price to pump up, when it does they will withdraw most of their cryptocurrency leaving small investors to their fate.
Most small investors relies on the big investors to survive or make big profits, they will never have known when the whale investors will decides to withdraw the money they invested.Well , a wise small investor should know the entry point and thus use it to calculate his exist point less he will have to suffer from the actions of whales.
The world richest man has diversify his state of wealth by investing in bitcoin. He bought whooping crypto of $1.5billion and also pledge support for the crypto market. He said his company Tesla would soon start receiving bitcoin for the purchase of its automobile.
Now can we all say the future is brighter for Bitcoin as well as other crypto currencies?
I think train for withdrawing that Amoy was because of buying at lower price not actually to withdrew from bitcoin totally, but is a game to have profit.he did, but he recently withdrew all of his investments as he said that minign bitcoin harms the nature and causes pollution due to massive electricity consumption, which led to a drop in the price of bitcoin
If Elon Musk did not sell his Bitcoin holdings until now then he had not suffered losses because the price of Bitcoin is already in the vicinity of $45K which is pretty good. But if he had sold his holdings before the price in the market went up then he probably had lost part of his huge investment.Mr. Musk must have made a huge loss with his bitcoin investment because bitcoins on a falling spree. Sometime back it was even speculated that Musk has already sold his bitcoins.
Of course they have some influence over crypto currency but still even when the price dropped it will still increase over a time even with the influence.He bought Bitcoin and the price increased; however, when Joe Biden imposed heavy taxes on wealthy folks, the prices of all the Bitcoins decreased almost quickly. This shows that even though they cannot stop or ban cryptocurrencies altogether, they do have some influence over the price of cryptocurrencies indirectly.
True to his word, Elon Musk supports cryptocurrency. Unlike other billionaires or richest men who are not into cryptocurrency said that cryptocurrency has no value. I was so happy when he bought bitcoin $1.5 billion.The world richest man has diversify his state of wealth by investing in bitcoin. He bought whooping crypto of $1.5billion and also pledge support for the crypto market. He said his company Tesla would soon start receiving bitcoin for the purchase of its automobile.
Now can we all say the future is brighter for Bitcoin as well as other crypto currencies?
Of course they have some influence over crypto currency but still even when the price dropped it will still increase over a time even with the influence.