Do the Big Whales really manupulate the Crypto Markets?

Do the Big Whales really manupulate the Crypto Markets?


There is no doubt that those with fat pockets has the potential of controlling every situation as far as money is concerned. Individuals and sole investors tend to listen to what these big whales tweet or say about a certain asset but if you are just a nobody people wont even listen ti what you say as far as investment is concerned.

If you followed Donald Trump's case when he was removed from office, he was then banned from twitter and Facebook. Have you ever asked your self why he was banned? There is no lie that he is too powerful to the extent that whatever he says will shake the markets. Lately Elon Mask a billionaire was praising Dogecoin and we saw how the price was performing, it was so bullish.

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What are they Likely to do in the markets?

Whenever big whales tweet or open their mouth, the markets will respond accordingly so you have to be carefully when trading cryptos. As for me personally i hate trading news, If you see a popup saying Bill gates says Bitcoin is the future that doesn't mean that you should just jump in and buy bitcoin. Instead do your own research and trade what you see not what you think or hear.

Since they have billions of dollars sitting in their accounts they might want to invest and increase their profits so they might but as many cryptos as possible then they start tweeting and pushing the price up and surely the prices will skyrocket because every news media will be updating you on what these whales are saying so that you will have confidence and buy.

When you buy, you will be just creating volumes and when the price is pimping a lot will be now looking to buy their own portion and that moment that is when they will offload their coins to you and the market will be flooded and the prices will fall drastically. When prices are falling you will then start panicking and you will be thinking of selling your coins so that you cut your losses while it is still small then they will buy back from you.

So as for me i always try to think like these big whales so that i don't become their prey, i want to feast on the table with them not for them to feast on me.

 


Defiant Pathfinder
Defiant Pathfinder

I refuse to giveup


Defiant Pathfinder
Defiant Pathfinder

I am Unstoppable & Unpredictable

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