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RE: When Bitcoin sneezes the whole crypto it shakes

in #money6 years ago

Price drops because alt coins whales sell coins for profit in btc.All markets are controlled by bots,probably auto sell when btc hits certain price.

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Games without borders are continued.
1 600 wallets have 28% Bitcoin.
So, Very few people can actually manipulate the market.

Try to sold 10K btc and see what this does to market.

That's what it is.Why Sell?Try selling shares of any company in a piece (10,000 BTC cca 67,000,000 $) so you'll see what's going to be with price.
Every sale is a signal.

good to know that 1600 wallets have 28% :o

EOS has 49.6% in the first 10 wallets.
This still does not have to mean anything bad (but suggests a "minority rule").

It is when these first 10 wallets plan to sell together :D

And 1% of the people rules about 90% of world's wealth

It's not a world fortune.
It's just a small part money in Bitcoin.

Coin Marketplace

STEEM 0.20
TRX 0.17
JST 0.031
BTC 88609.56
ETH 3320.95
USDT 1.00
SBD 3.04