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Whales can only sell once. It's also not in their self interest to make a market collapse, why would they depress the price of the thing they are trying to sell
by drcross 9y ago
Whales can only sell once. It's also not in their self interest to make a market collapse, why would they depress the price of the thing they are trying to sell? When whales do sell many smaller buyers then take ownership of their coins decreasing the chance of future volatility. These concerns are being exaggerated too much.
- libertine 9y ago1,000 people is a really small number, and if mildly organized they can easily manipulate the market by controlling a great slice of the supply side. Too much control on the hands of few.
- neaden 9y agoIt's not in their interest but things happen. Lots of these people live in China right? Let's say some economic downturn happens in China, or government policy changes or something and they need to liquidate some of their bitcoin assets in a hurry all the sudden you could have a market collapse.
- drcross 9y agoThe same can be said of gold, or anything else. I don't see why this is significant. Whales being forced to sell would allow people to buy coins at cheap rate and solve the problem that the article is reporting on.
- tehlike 9y agoThey can crash it to rebuy. It happened pretty often in altcoins.