Posts

Showing posts from September, 2020

What will eventually the crypto marketplace under the manage of the "whale"?

Image
 Editor's note: This short article is from your first-class warehouse (ID: very first_vip1), and it is reprinted by Blockchain Daily with permission. Once we all understand, the cryptocurrency marketplace is controlled and even manipulated by large dealers ("whales"). According to a report by the study business Diar, in 2018, a lot more than 55% of bitcoins in flow were in the hands of only 1% of large market makers. Previous Goldman Sachs banker Per Wimmer explained the situation the following: "The crypto marketplace is dominated by top institutional bookmakers and person bookmakers. They will have a large discuss of the marketplace. So far, it has been too an easy task to manipulate the marketplace." No one understands for sure how the mystery bookmakers with tens of huge amount of money in their accounts, or even hundreds of millions of dollars, have the ability to survive today due to good fortune or because of their decisive investment strategies. A recent...