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RE: Meet The 'Man' Who Crashed Bitcoin In 2018
Well this has led to some really annoying drops, I hope it goes lower because I missed the last 6k price point. It's crazy how one whale can disrupt an entire market, this is why we need more money in the market. The reason stocks are typically less volatile has to be the crazy amount of money in them, crypto has less than Facebook alone, so when whales wanna sell everyone panicks
What is crazy is that people believe that $400M is selling affected a market that has billions ($7.7B in the last 24 hours) when moved over a 6 month period.
It didnt happen. Selling $400M in one day...that has an impact. I doubt if he dumped it all in one month if it would make up that much of a difference.
What do you think it was, just a combination of bad headlines and other FUD? I guess I thought the numbers were higher, is this just mistaken FUD? The dates do line up, but maybe that's just coincidence.
To be fair, a whale could disrupt the market, I'm sure there are a few out there with substantial holdings that could spark a fear based sell-off
Don't forget Korea and its claims of banning crypto. It scared a lot of asians, and maybe this Gox was one of them.