How do whales manipulate the price of Bitcoin?

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Today I would like to talk about Bitcoin whales, many people say that when this happens it is better to buy cheap and other people say it is best to close positions because there is a big fall in Bitcoin prices. I just wanted to make this guide because I would like to learn a little more about Bitcoin whales which is one of the main reasons why the Bitcoin price moves.

Bitcoinandwhales.png

How whales can manipulate the price of Bitcoin.

I can take as an example the Hive cryptocurrency that a few days ago rose at least 100% of its value reaching the price of up to 0.90 US cents and it is rumored that investors from China and Korea bought about 200 million dollars. I honestly do not know the exact price of how much they bought but I can assure you that the Hive cryptocurrency was bought a lot. Why do I say that they bought Hive cryptocurrency and did not sell Hive cryptocurrency? Simply because the price shot up and not shot down guys.

Exactly this can happen with Bitcoin, when whales sell their Bitcoin assets the price of Bitcoin usually goes down, one thing I would like to mention is the rumors with "Satoshi Nakamoto" and these rumors claim that this person has more than1 million Bitcoin in his wallet. But what happens if such a person sells all his assets? This is where I would like to emphasize that the rumors say that if such a person sells all his Bitcoin then the price of Bitcoin can go back to less than zero.

Bitcoin at US$150,000.

There are many rumors about Bitcoin and its price in the future, many people say that the price of bitcoin can be worth more than 1 million dollars but if this happens then the value of the Hive cryptocurrency can cost at least 70 US dollars and many people can benefit very well from this. I have been doing some research on this and I have come across something very interesting and that is that some companies or funds that have in their portfolio millions of dollars in Bitcoin want to do some kind of service with ETF's and this may be the main reason why I think that the price of Bitcoin can go through the roof.

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Copyright disclaimer: The material posted is for entertainment and educational purposes only, this material is perfectly within fair use breaks for your trade. I do not have and have never had intentions of infringing copyrights, if you think or are sure you are the owner of the images or text in particular, if you have any problem with the use of this material, you can notify me without problem, I will gladly assist you and we will solve it.

From the desk of Carlos Mendoza, all rights reserved. ©

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