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TL;DR
Whales maintain such a big portion of a cryptocurrency that in the event that they resolve to purchase or promote sufficient directly they’ll create worth motion.
And proper now, it appears like they’re toying with Bitcoin – pumping the worth in hopes it would set off a large unfold shopping for frenzy and push BTC to $40k.
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Critical Query:
Did a 12-year-old provide you with 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.
Here 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 honest, the title really has some logic to it).
However, as of just lately, 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 resolve to purchase or promote sufficient directly they’ll create worth motion.
Or one other manner of placing it: they personal a lot crypto, they’ll play video games with the market.
And proper now, it appears like they’re toying with Bitcoin – pumping the worth in hopes it would 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.
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