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Topic: Roller coasters!!! - page 8. (Read 1212 times)

hero member
Activity: 2856
Merit: 644
https://duelbits.com/
July 06, 2022, 02:45:14 PM
#11
Even if they have money but if you see now they are not able to control this and indeed for now they are the same as what other traders are just waiting and seeing for a while.
In a Bearish situation like this at the level of the whales I still feel they will continue to be careful because this is indeed volatile and quite difficult to conquer and wait until the market gets better.
hero member
Activity: 3108
Merit: 577
Leading Crypto Sports Betting & Casino Platform
July 06, 2022, 02:08:51 PM
#10
The market is very volatile in this month like a roller coaster movement
Not only for this month but every month and every single day, the market's volatility never done and it's always there.

Is the roller coaster movement in the money market both the price of bitcoin & ethereum whale controlling it?
Well, somehow there are the whales playing it and they say that they have control over it. But for me, they minimum do something for it to be controlled and it's the entire market that does its own nature of moving.
hero member
Activity: 2268
Merit: 669
Bitcoin Casino Est. 2013
July 06, 2022, 01:34:33 PM
#9
There is a possibility that there's a whale behind the price movement but I don't think a single whale can control the price movement if that's what you want to ask. Some whales bring panic to those who store their crypto for a chance to earn profit when the price increase then the whale will cause a commotion that will make other crypto holder do panic selling to avoid loses since the price is decreasing and whale will take that opportunity to buy more btc from those people who are panic selling.
legendary
Activity: 2240
Merit: 1375
Fully Regulated Crypto Casino
July 06, 2022, 11:48:50 AM
#8
The market is very volatile in this month like a roller coaster movement, Is the roller coaster movement in the money market both the price of bitcoin & ethereum whale controlling it?
Probably yes but we can also noticed that some big players or institution are running out of funds and muat be due to some of their loans which run out of juice. Also there are some who take profits too and add more panic sellers who sold due to the recession that are happening and will be happening.
hero member
Activity: 2562
Merit: 577
July 06, 2022, 11:45:37 AM
#7
I am not sure if this makes sense, but whales are nothing in real but made up words by the trading community. Hence dont tag every movement to a "whale" but traders in general and in unison the market psychology.

While it is true that the market is showing movements I would not say "roller coaster" as the term for it. Prices seem to oscillate between the 19k to 20k USD marks. This is the sign of a impending bull trend or a bear trend to start as soon as the support or resistance level falls.

Not specific to a coin, but in general there is money to be made, but probably not at this point. This is rather a point to wait and watch.

What do you call someone who hold a large amount of  coins enough to influence the price negatively?
I don't think whale in crypto is a made up word, there are people who have the funds to buy enough of whatever coins they chose and their actions can directly influence the market.
Although you are right about not to tag every market movement to whales, it could any other reason. It could be as a result of the economic instability the whole world is currently facing. I don't think there is a known reason out there that causes the bear season.
legendary
Activity: 2072
Merit: 1023
DGbet.fun - Crypto Sportsbook
July 06, 2022, 11:39:51 AM
#6
Whales have no control over it during the bearish market. It's not the whale but the global economic has been pushing people to dump their tokens and exchange it to the cash or fiat money to keep their value from the volatility. You must also aware if there are some crypto companies that already collapse and even venture capital like 3ac was also going bankrupt as well. That proves that if the world is not yet fine for now. The roller coaster may still continue if another bad news will come very soon. prepare yourself.


3AC is also one of the elephants in the market but has also filed for and filed for bankruptcy. The market is certainly controlled by the whales, but only for a certain moment and then closes after that, they don't have enough power to manipulate all the time.

The cryptocurrency market today is already a part of the world economy, so it is impossible to stay out of the current crisis. Once the world has stabilized high-risk assets like bitcoin will still be a lot of roller coasters.
sr. member
Activity: 1162
Merit: 260
July 06, 2022, 11:16:51 AM
#5
The whales from bitcoin and ethereums are affecting the market. They are holding big chunks of altcoins as well. The impact that already made by those whales are so big for the cryptocurrency market right now. The fact that once the whales are dumping together and market became very panic.

This is proving how big the influence of those whales to the market. I know that some people may feel bad with it but this is how crypto market works.
hero member
Activity: 1652
Merit: 772
July 06, 2022, 10:47:13 AM
#4
The market is very volatile in this month like a roller coaster movement, Is the roller coaster movement in the money market both the price of bitcoin & ethereum whale controlling it?

Bitcoin has MC around $385B while Ethereum has around $138B, the question is, are there whales who can control price with such a big MC? Cheesy LOL. the recent prices drop in crypto market was caused by the crypto trend starting to weaken, then supported by negative news such as the collapse of $LUNA, problems with the Celsius platform and also information regarding the bankruptcy of Voyager (IMO). Maybe soon we'll see more price drop than today. It all depends on the trend as well as sentiment.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
July 06, 2022, 10:33:56 AM
#3
The market is very volatile in this month like a roller coaster movement, Is the roller coaster movement in the money market both the price of bitcoin & ethereum whale controlling it?
I am not sure if this makes sense, but whales are nothing in real but made up words by the trading community. Hence dont tag every movement to a "whale" but traders in general and in unison the market psychology.

While it is true that the market is showing movements I would not say "roller coaster" as the term for it. Prices seem to oscillate between the 19k to 20k USD marks. This is the sign of a impending bull trend or a bear trend to start as soon as the support or resistance level falls.

Not specific to a coin, but in general there is money to be made, but probably not at this point. This is rather a point to wait and watch.
sr. member
Activity: 1722
Merit: 269
July 06, 2022, 08:01:27 AM
#2
The market is very volatile in this month like a roller coaster movement, Is the roller coaster movement in the money market both the price of bitcoin & ethereum whale controlling it?

The market really is quite volatile and unstable in the last couple of weeks and months. I doubt though that there are single whales responsible for this. I think that Bitcoin and Ethereum for example have become so big in the last few years that it is almost impossible for a whale or for a handful of whales to manipulate the price of this projects. What really brought the market down to todays level was the collapse of Terra Luna two months ago in my opinion because it was totally unexpected for most people that a top 10 project in terms of marketcap could collapse so fast and easily and since then the crypto space is full of fear and uncertainty.
member
Activity: 120
Merit: 25
July 06, 2022, 07:42:26 AM
#1
The market is very volatile in this month like a roller coaster movement, Is the roller coaster movement in the money market both the price of bitcoin & ethereum whale controlling it?
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