11-29-2021, 12:52 AM
Whales control the market and will manipulate it at their whim
<!-- SC_OFF --><div class="md"><p>That's it, Whales control the market and there's nothing much you can do about it other than to play long term</p> <p>Today the sentiment here was of death... in a few a minutes a lot of buying orders and BTC pumped 2k up and alts followed. Do you think this is organic?</p> <p>Of course not! Whales are playing with the market and will continue to do so and take money off from retail, specially when you buy at the top and panic sell</p> <p>Other way to lose larges amount of money to whales is leveraging. A lot of shorts got blasted in the last 2 hours</p> <p>Just check Whale Alert twitter, there are millions and billions of dollar moving from just a few wallets.</p> <p>Even if everyone in this sub chipped in with 10 USD$, it wouldn't even come close to whales' power. See this transactions just a few hours ago: " 129,921,132 USDT (129,921,132 USD) transferred from unknown wallet to BINANCE ". That's over 30 USD for each one here! And that's just one Whale</p> <p>TLDR: That's it boys and girls, you're a mere shrimp or algae in this crypto ocean, and the only real tool you have at your disposal is playing long term and not panic buy/sell, all the rest is playing with your luck and chances are you are going to get crushed by the whales</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Thich_QuangDuc"> /u/Thich_QuangDuc </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r4fdsa/whales_control_the_market_and_will_manipulate_it/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r4fdsa/whales_control_the_market_and_will_manipulate_it/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>That's it, Whales control the market and there's nothing much you can do about it other than to play long term</p> <p>Today the sentiment here was of death... in a few a minutes a lot of buying orders and BTC pumped 2k up and alts followed. Do you think this is organic?</p> <p>Of course not! Whales are playing with the market and will continue to do so and take money off from retail, specially when you buy at the top and panic sell</p> <p>Other way to lose larges amount of money to whales is leveraging. A lot of shorts got blasted in the last 2 hours</p> <p>Just check Whale Alert twitter, there are millions and billions of dollar moving from just a few wallets.</p> <p>Even if everyone in this sub chipped in with 10 USD$, it wouldn't even come close to whales' power. See this transactions just a few hours ago: " 129,921,132 USDT (129,921,132 USD) transferred from unknown wallet to BINANCE ". That's over 30 USD for each one here! And that's just one Whale</p> <p>TLDR: That's it boys and girls, you're a mere shrimp or algae in this crypto ocean, and the only real tool you have at your disposal is playing long term and not panic buy/sell, all the rest is playing with your luck and chances are you are going to get crushed by the whales</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Thich_QuangDuc"> /u/Thich_QuangDuc </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r4fdsa/whales_control_the_market_and_will_manipulate_it/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r4fdsa/whales_control_the_market_and_will_manipulate_it/">[comments]</a></span>Kind Regards R