How Bitcoin whales can kill cryptocurrencies?

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Written by

Blockchain technology lover.🌎🌍🌏

2 years ago

In community: Cryptocurrency and Blockchain(7b7f)

Topics: Bitcoin, Whale, Crypto, Make money, Blockchain Technology, ...

Today I want to focus a little bit on talking about Bitcoin whales and how these people can manipulate the price and how they invest their money in this in an incredible way, I really don't know how these people can invest their money with big funds, because honestly I don't think with a simple 20% APY which I'm sure can be found very soon guys, I would like to mention that these people have a lot of fame because it is rumored that they can make the Bitcoin go to 1 US dollar or make it go to 1,000,000 US dollars.

Is it true that a bitcoin whale can manipulate the market price?

If you understand how a cryptocurrency works and what makes a cryptocurrency go up in price or value you can simply understand all of this, but if you don't know how this works then it is best to do some research on this, so you can understand how the price of a cryptocurrency works.

What is a Bitcoin whale?

In order for you to understand what a Bitcoin whale is you have to know what a whale is in the cryptocurrency world, a whale is simply an account that has more than 500,000 cryptocurrencies.

Many people claim that these people have more than 90% of the Bitcoin in circulation and that is a very large sum of money, many of these people are corporations or companies that move a lot of money, it is even rumored that "Satoshi Nakamoto" has more than 1 million Bitcoin in the wallet and if 1 single Bitcoin moves from that wallet the crypto world ends and that is how the whales can manipulate the price of cryptocurrencies.

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