TL;DR
Whales maintain such a big portion of a cryptocurrency that in the event that they determine to purchase or promote sufficient directly they will create worth motion.
And proper now, it appears like they’re toying with Bitcoin – pumping the worth in hopes it should set off a large unfold shopping for frenzy and push BTC to $40k.
Full Story
Critical Query:
Did a 12-year-old give you crypto terminology???
Who selected ‘fuel charges’ or ‘mooning.’
Higher but – this is a brand new one for you:
Whale Video games.
Yup. Whale Video games.
This is what it means, and why it is at the moment within the information.
Whales are merchants with a bunch of money invested in a single asset.
(To be truthful, the title really has some logic to it).
However, as of not too long ago, the crypto buying and selling world has been warned of ‘whale video games’.
See, whales maintain such a big portion of a cryptocurrency that in the event that they determine to purchase or promote sufficient directly they will create worth motion.
Or one other approach of placing it: they personal a lot crypto, they will play video games with the market.
And proper now, it appears like they’re toying with Bitcoin – pumping the worth in hopes it should set off a large unfold shopping for frenzy and push BTC to $40k.
(Hoooray!)
At which level, the whales will promote and dump the worth.
(Boooooo!)
We take again what we stated on the prime, ‘Whale Video games’ is a really becoming description.
