Big Crypto Investor Sold his Ethereum for Bitcoin
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People in crypto definitely owns Ethereum and Bitcoin since they rule the crypto market. There are many investors who owns big amount of Bitcoin and Ethereum. Recently a big investor let's say in crypto language a whale sold his Ethereum holdings for more Bitcoin.
Motive of the whale
Big investors are so smart that they take such actions for profit. Meaning that something is loading in Bitcoin. We don't know the exact motive. But many are saying that the investors are considering Bitcoin more safe option than Ethereum. And again Ethereum transactions are too expensive and time consuming. Source
Others have different opinions. Like a group of people says Ethereum is the king. Undoubtedly both are the role model of crypto. No debate can come to a conclusion which one is best. Each has its unique characteristics, use and fan following.
Effect on the market
Definitely whales are the one who regulate the market. They can do whatever they like. Because ordinary people follow the trend. When they know that whales are buying Bitcoin, they follow that and immediately buy Bitcoin for quick profits.
In this way the whale controls the ordinary people's thinking. Still it is safer for people to have different types of coin for big profit. Not all the coin do good. If anyone holds 5 types of coin he has more chance of big profit than one holding only Bitcoin.
Bitcoin is the big coin and it is much more safe. But it is more likely to see as much as 4-5 X gain in bull market as it has a big market cap. Contrary coins have low market cap are not much safe though has potential to provide even 100X gain.
Whales have a big holdings. As a result they can buy many types of coin. Buying bulk amount of Bitcoin may be temporary. Once they reach their profit they can sell quickly.
Conclusion:
The news is the example of whales manipulation. The smart investors can understand the deeper meaning. In digital currency smart people gets the advantages of the situation. Similarly like the smart whale who is buying Bitcoin.
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Whales indeed manipulate the market to their favour.
I won't be surprised if BTC experience a significant increment in price
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