Bitcoins in hands of whales - should be worried? - page 3.

xvids

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Quote from: FlightyPouch on May 30, 2019, 07:57:14 AM

Quote from: Nawrod on May 30, 2019, 07:42:05 AM

According to BlockChain24.co, over the past nine months, the crypto whales have bought 450,000 BTC. You think is it any danger in whales holding so significant amount of Bitcoins?

They are the same as us that wants to earn profit from it. They bought 450,000 btc but within those 9 months, nothing really happened. You might think that they are manipulating the price, they can but they can't do it properly. Bitcoin is a decentralized crypto currency, there might be an effect on what are the whales are doing but I don't think we should worry about that now.

They could and they could also use those huge amount to cause panic on the market just imagine dumping it all at once the market would surely collapse,
People FUD would spread around and the market would fall big time again but the question is what would happen next after they do it?
Would they come back again or would they just leave crypto for good ?
We couldn't know what would they do on that huge amount even if OP's information isn't accurate we all know that a whale could really do it.

gentlemand

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Welt Am Draht

You're welcome to buy all you like. I'm willing to guess you may not have the necessary money to keep up. Whales are a fact of life. At some point bigger whales turn up and eat them. At some point after that when the price is more stable real people turn up and slowly start to eat those whales with real demand.

DdmrDdmr

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There are lies, damned lies and statistics. MTwain

I think that the core information comes from here: https://diar.co/volume-3-issue-16 (at least I’ve seen a couple of articles on the matter tracing back to it as their source).

What it says is that the 450K BTCs correspond to the aggregate of new net addresses (difference vs previous period) that have a balance between 1K and 10K BTCs each, being this address increment measured and achieved over the past 9 months, and excluding exchange addresses. Their influence would depend on just how many distinct whales own those (and other large) addresses, as a large concentration of addresses per whale in this magnitude is likely significant.

FlightyPouch

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Quote from: Nawrod on May 30, 2019, 07:42:05 AM

According to BlockChain24.co, over the past nine months, the crypto whales have bought 450,000 BTC. You think is it any danger in whales holding so significant amount of Bitcoins?

They are the same as us that wants to earn profit from it. They bought 450,000 btc but within those 9 months, nothing really happened. You might think that they are manipulating the price, they can but they can't do it properly. Bitcoin is a decentralized crypto currency, there might be an effect on what are the whales are doing but I don't think we should worry about that now.

Astvile

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Quote

You think is it any danger in whales holding so significant amount of Bitcoins?

Yes ofcourse ths does not apply only on bitcoin but on every assets and even goods in our real life market.Whales can easily bring down bitcoin to a blood bath by just them placing sell order after sell order after sell order,that move can really make regular bitcoin users like us but to sit down and watch it fall

mk4

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Paldo.io 🤖

Not sure if the information on that website is legitimate, but to answer your question:

Quote from: Nawrod on May 30, 2019, 07:42:05 AM

You think is it any danger in whales holding so significant amount of Bitcoins?

Of course there is. Not sure if you can count this as "danger", but whales can significantly move markets by simply dumping their BTC; and there's nothing we can really do about that. This is how open markets work, even outside of the cryptocurrency space. As time goes on though and assuming market liquidity increases in the future, it will significantly get harder and harder for them to move the markets.

Nawrod

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According to BlockChain24.co, over the past nine months, the crypto whales have bought 450,000 BTC. You think is it any danger in whales holding so significant amount of Bitcoins?

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