The big whale that's sending BTC to Huboi is going to buy up an ass ton of shorts before he starts dumping imo(that's what I would do). So we go up, then down down down.
It's unpredictable. It's just gambling with chance. If more places locally started accepting it. That's when I would care what the market was doing
Are you sayin that large movements of whatever coin take place between say, multinationals will drive prices down. Thought crypto was supposed to be a stable form of payment.
Large movements of coins between multinationals does nothing to price. Selling does. Crypto is a stable form of payment when you pay crypto, and receiver receives that same crypto.
Yep, but currently it's not accepted at enough places to not have to switch it back to another currency. It's just a traders paradise until fully adopted.
Wish I was 15 again then I would probably be able to wrap my head around new concepts in a few minutes. I'll get there slowly but surely.
Nobody really knows who(or what) this whale is. I suspect it's something to do with price manipulation to keep BTC/BCH from flipping. Blockstream's $trillion banking backers.
I would imagine the Blockstream insistance of Hodling plays into Whales favour by limiting volume and thus forcing price down at will.
Exactly, it keeps the order books nice and thin so they can slip the price whichever way they want and create even more panic.
