/biz/ - Business & Finance

>>50383859
They control every market
It’s mostly market makers and exchanges pulling the strings

Yeah but not to the same degree they control the stock markets, money markets and commodities markets.

>>50383859
They control every market lol. The only purpose of every government is to get the rich richer

>>50383859
if we're talking about individual whales, it was true, from about $10 to 20k, when many cashed out, but there wasn't enough exit liquidity to keep the price from collapsing.
the whales who didn't get out, combined with institutions, eventually pumped it to 65k, and anyone with two functioning brain cells sold when it was above 50k.
the problem with bitcoin is there's vanishingly little exit liquidity available to anyone with a large position. the michael saylor's of the world need a lot of dumb money to enter the system, and it's difficult to see where that's going to come from, especially as we enter a recession.
i won't even say what my price target is for 2023, but it's lower than the year.

>>50383859
>>50383882
https://hackernoon.com/meet-spoofy-how-a-single-entity-dominates-the-price-of-bitcoin-39c711d28eb4

>>50383859
Newfag to this planet huh?

Whales do a lot, but there's bigger money at play.

>>50383882
Of which Jump Trading is one. Who recently partnered with XCAD. Do with this info what you will… but just know Jump pumped the fuck out of Solana.

>>50385160
>AVAX
dropped immediately

>>50384099
>need to be under eighty
>to post here