Altcoins Talks - Cryptocurrency Forum

Learning & News => News related to Crypto => Topic started by: newshunter on February 17, 2020, 01:01:00 PM

Title: Bitcoin Price Drop Nets Bitfinex 'Whale' $10 Million in 5 Minutes
Post by: newshunter on February 17, 2020, 01:01:00 PM

Bitcoin Price Drop Nets Bitfinex 'Whale' $10 Million in 5 Minutes

Bitfinex whale makes a splash netting $10m in 5 minutes as Bitcoin price dived $500 in minutes

Source: Bitcoin Price Drop Nets Bitfinex 'Whale' $10 Million in 5 Minutes (https://cointelegraph.com/news/bitcoin-price-drop-nets-bitfinex-whale-10-million-in-5-minutes)

Would appreciate your opinion about this

Title: Re: Bitcoin Price Drop Nets Bitfinex 'Whale' $10 Million in 5 Minutes
Post by: Alcor on February 17, 2020, 06:13:20 PM

The described situation once again confirms the very high price volatility of the cryptocurrency. One trader with not very large amounts can completely stop the growth of the cryptocurrency market. I think that the situation will stabilize in a few days and Bitcoin will continue to rise in price again. This situation also convincingly shows that we are unlikely to see the high price value of bitcoin. The higher its price, the steeper it will fall and the more frustration it will cause market participants. However, this year Bitcoin should show good price growth.