farhadteshne Posted October 16, 2018 #1 Posted October 16, 2018 Results of a research: Bitcoin whales do not blame for it! In a recent research by Blockchain Research, Chainalysis, it has been noted that Bitcoin fluctuations are not the fault of the Whales of this digital currency. The study was conducted on 32 wallets with a volume of about 1 million bits of coins and worth $ 6.3 billion. Personal opinion (researched): Whales have helped stabilize the market by purchasing Bitcoin at a time when it falls further than the destabilizing parameter.
Kate Posted October 16, 2018 #2 Posted October 16, 2018 Well we cant truly say whales arent responsible but maybe a bit responsible
williamshennie9 Posted October 17, 2018 #3 Posted October 17, 2018 But these whales effectively control the price of bitcoin. If they start selling, huge chunks at once, the price will fall dramatically. If they hold, the price will slowly increase.
Featured Comment
Archived
This topic is now archived and is closed to further replies.