What actually causes Cryptocurrencies value to sharply go high and also drop drastically to a very low price? How can that be controlled?
The whales have the control of the market. They can make one particular crypto happen to ncrease its price and make it dump as well.
It cannot be controlled and perhaps it can be used to earn money, which would be the point in question. The reality is that the movements in the cryptocurrency market is given by people’s sentiment. Normally, if the BTC rises, it may be due to the fact that investors stopped seeing profitability where they had their money and passed by investing in BTC, probocating its increase in price. Its fall consists above all in that the majority who inflated the price are satisfied and go short, while the delusions who think that the btc is going to the clouds, are trapped and while some win others lose. That is the wonderful world of cryptocurrencies. Experience is required to know how to deal with these sudden movements. Success in your investments.
I forgot to emphasize that it is my humble opinion. Nothing mentioned above is a real echo, you can see it as a parable or a fairy tale
If whales do like this ,what about common people, they lost their funds, it’s not fair
@Hampi that’s why if yu are trading don’t go with your emotion. Observe the buy and sell and chek if the whales are in action. It is easy to spot them like buying at very high volume and selling at cheap price (dumping) to make the price go down. Then at times you have to go along with the whales to play with your trade well too.
How do we know, when whales do trade r play
that’s how this works !! It is a forsage type but as you say it unfair, or where the one with experience and capital wins.
It depends on the influx of transaction par time.
It can’t be controlled because the market is made up of the bearish and the bullish competitors.
A backup will, no doubt, be the key
The real reason for cryptocurrency to fall and rise pricing due to demand and supply
But sometime in breakeven or marginlize due to the buyers intention because there are five thousand type of cryptocurrency to choose
On the other hand bull and bear maybe another detriment factor too