Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: maklampir on October 11, 2018, 04:53:10 AM
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Bitcoin will never gain credibility if people can't use it as a currency that retains its purchasing power. It's like selling a TV one day then the next day all you have left is enough to buy a bigmac.
If you have a store that sells goods or services for btc you're better off closing up shop while value drops and re-open after the bottom is seen and the value goes back up. Unfortunately one whale with a lot of fiat can cause these drastic swings and that's exactly a tactic that will be used by those who wish to see bitcoin fail.
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In my opinion, whales don't work individually. They work in teams to manipulate bitcoin prices. Some people will work to spread negative issues so they panic to sell coins. And whales can carry their coins at low prices to benefit from the bull market.
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A bitcoin currency exchange is an online platform that acts as an intermediary between buyers and sellers of the cryptocurrency. The currency ticker used for bitcoin is either BTC or XBT.
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Whales work to make the price of coins fall to the lowest level. But in my opinion, whales don't have too much impact on the rise and fall of bitcoin prices. Because as we know, bitcoin prices are influenced by the number of requests and offers.
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bitcoin is indeed a currency whose value is never stable, maybe it's because of the ups and downs that are interested in selling and buying the coin ..
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Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto.