Is crowd organised BTC dump possible?
- Thread starter alus1onZ
- Start date
Therealdarkpegasus
BANNED
- Aug 3, 2020
- 393
- 317
Yes , if you can get elon musk and JP Morgan and a few other whales into the crowd.
I mean if the total btc holdings of the crowd is 0.00000000000001 btc , it won't dent the price of btc in the global market.
I mean if the total btc holdings of the crowd is 0.00000000000001 btc , it won't dent the price of btc in the global market.
What if enough people sell a little amount of BTC at the exact same time?
BrandingCat
Elite Member
- Jan 6, 2015
- 8,116
- 10,311
Also on this kind of revolution on reddit about trading dont forget, the only ones who actually take advantage are whales.
They let paper hands make noise and they bank more.
Its a nature thing, as on any other field.
They let paper hands make noise and they bank more.
Its a nature thing, as on any other field.
If you are a whale and see 100k 0.01 BTC/USDT transactions wouldn't you sell some of your BTC also which will lead to more whales selling and so on?
- Mar 22, 2013
- 9,148
- 10,491
Maybe i can do it. I have 1 Billion bitcoins. At $45.000 each. Do the math.
homenet
Senior Member
- Jan 5, 2009
- 982
- 504
Not a chance. The only people you could ever convince to go along with something as stupid as this are people with low amounts of Bitcoin (no more than 1 or 2 whole coins), and since huge commercial whales like Tesla have now already entered the market, any people you convince to sell at the same time will just be a drop in the ocean.
Carnaged
Supreme Member
- Nov 7, 2017
- 1,306
- 1,502
u forgot to add the "00000000000000." infront of that 1 billion BTC.
- Mar 22, 2013
- 9,148
- 10,491
Yes i forget sometimes. Doctor dropped me on my head when i was born. Meh.
I think you guys overuse the term "whale". Even Elon is not a true whale with his 30k BTC.
Don't forget that many private wallets from the early times have a lot of BTC in them.
Also don't forget the power of "monke strong together"
Don't forget that many private wallets from the early times have a lot of BTC in them.
Also don't forget the power of "monke strong together"
avengerfrompast
Newbie
- Nov 19, 2020
- 24
- 11
It's too big to organize such dumps now.
Priince1337
Elite Member
- Aug 23, 2013
- 2,250
- 2,298
Have you checked their market cap? You would need large volumes to manipulate their price.
So unless your group are a bunch of whales I doubt that you will be able to manipulate anything at all.
So unless your group are a bunch of whales I doubt that you will be able to manipulate anything at all.