Cryptocurrency mainly for the Whales

[Josemendez]

For those who may not know who is called a whale in cryptocurrency ; Whale is a term used to refer to someone who have large amount of a cryptocurrency .
For example , considering the present price of Bitcoin , someone with up to 100,000 BTC is a Bitcoin whale.

Now , there is every indication that whales control the price of cryptocurrency . They flood the market to reduce the price of the coin,and they also buy large amount of cryptocurrency to increase the price.

This is a call for concern , as small investors are the ones suffering more whenever the price of a coin falls due to the actions of the whales . The whales in return are the ones that goes back again to buy the coins at a cheaper rate , and the cycle continues.

In your opinion , don't you agree that whales are the people that benefit more from cryptocurrency ?

 

[sincerem]

For those who may not know who is called a whale in cryptocurrency ; Whale is a term used to refer to someone who have large amount of a cryptocurrency .
For example , considering the present price of Bitcoin , someone with up to 100,000 BTC is a Bitcoin whale.

Now , there is every indication that whales control the price of cryptocurrency . They flood the market to reduce the price of the coin,and they also buy large amount of cryptocurrency to increase the price.

This is a call for concern , as small investors are the ones suffering more whenever the price of a coin falls due to the actions of the whales . The whales in return are the ones that goes back again to buy the coins at a cheaper rate , and the cycle continues.

In your opinion , don't you agree that whales are the people that benefit more from cryptocurrency ?

I agree with you, whales are the ones benefiting immensely in Cryptocurrency. They hold the most possession of Cryptocurrency. The buy when the price is low and very large amount of coins. Resell it at a high rate because their large acquisition is a plus to boost the Cryptocurrency price higher. So they make profit through that means, immediately they sold their coins. The market drops down, and making other investors that bought little to sell their own coins at a lower rate and make losses.