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Bitcoin (BTC)
The bitcoin whales continued to buy the dip
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[QUOTE="Alexandoy, post: 202829, member: 25510"] I wonder why people are investing in Bitcoin and other crypto coin when they already know the presence of whales in the market. Even if the transaction did not pass any exchange center the value of the crypto coin is still affected with a huge transaction whether it is a purchase or sell. My point in my comment is that when a whale would transact in big amounts the ordinary investor would seem to be caught flat-footed because we are just like pawns in a chess game. We do not have the power to affect the market price. We are just like the crowd in the ballgame that cheers when there is cheering. It is the team that earns the cheer and what the cheering crowd gets is a hoarse voice. Do you see that the crypto coin has no real value at all? It has a value only in the exchange market because there are traders. It is not like the stocks that is backed by a corporation, a real company like a bank that operates to serve the public. [/QUOTE]
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The bitcoin whales continued to buy the dip
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