Bitcoin's increasing popularity hasn't impacted any of its fundamental attributes in the past years. Its ownership still remains concentrated in just a few hands.
A recent report states that "2% of accounts hold 95% of the total Bitcoin supply." A similar report reveals the distribution of BTC among addresses. Others have reported similar statistics indicating a massive concentration of wealth in the Bitcoin network.
So, what does that mean to a retail investor? To understand this we will first understand how whales manipulate the crypto market and later we will discuss what happens to retail investors when the control shifts from the investors to the whales.
How Whales Manipulate The Crypto Market ?
Whales are entities—individuals, institutions, and exchanges—that own large cryptocurrency tokens. In the past few years, crypto whales are becoming increasingly common in the cryptocurrency industry, particularly when it comes to Bitcoin.
As whales hold significant amount of crypto tokens, they have the power to manipulate the market. Whales primarily control cryptocurrency using two methods:
They create a “sell wall” effect
Sometimes, a whale places a large order to sell a huge proportion of their crypto tokens. They maintain a lower price than other sell orders. This creates volatility, which leads to a general decrease in the prices of crypto assets.
They create a “sell wall” effect
Sometimes, a whale places a large order to sell a huge proportion of their crypto tokens. They maintain a lower price than other sell orders. This creates volatility, which leads to a general decrease in the prices of crypto assets.
https://www.ciobulletin.com/cryptocurrency/paypal-allows-uk-citizens-to-trade-and-hold-crypto-assetsThe customers will be able to buy bitcoin, ethereum, litecoin, and bitcoin cash directly through their PayPal wallets.After making its crypto trading services available in the US, PayPal has now launched its crypto services in the UK.
The UK citizens will now be able to buy, sell and hold crypto assets in PayPal.
It means they don’t require any exchange in order to buy crypto assets.
For now, the customers will be able to buy/sell bitcoin, ethereum, litecoin, and bitcoin cash through their PayPal wallets.
PayPal first launched its crypto services in the United States early this year.
It also allows customers to use their digital coin holdings to shop at the millions of merchants on its network.
But all ICOs will not be a success and big pots of money.
Here are 4 major stages that have to be surpassed to successfully launch your ICO.PRE-SALE ANNOUNCEMENTThe pre-sale announcement is an early or an initial announcement about the procedure and project that ignites the interest of the investors.
During this phase, the ICO Development Agency presents the executive summary of the project that explains its vision and mission.
The ICO Consultants work on the positive and negative reviews from investors from their performance.
Moreover, analyzing the criticism helps in correcting the drawbacks and improves the scope of their ICO launch.
The business proposal and the white paper should include rights owned by token of a particular value.
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