"Bitcoin whales" are not so bad

in #bitcoin6 years ago

https://im0-tub-kz.yandex.net/i?id=6f5ebd81686e94f01400b690c1bb329f&n=13
Experts of the company Chainalysis, engaged in blockchain Analytics, believe that "bitcoin whales" are not as bad as they are usually thought of, rather the opposite: they contribute to the stabilization of the market.

First of all, you need to decide who belongs to this category. Chainalysis divides "whales" into four large groups. That's how she describes them.

Traders: these" whales " often lure others into trading by buying and selling bitcoins. Nine wallets belonging to the largest traders control about 332,000 coins worth more than $2 billion (33% of the total property of all "whales"). It is the largest and most active group among "marine mammals". By the way, its representatives became interested in the crypto market only in 2017.

Miners / early adopters of bitcoin: this is the second largest group to appear on the market much earlier than 2017. It is composed of 15 financial specialists 332 000 coins worth more than $ 2 billion At present, activity in this category is extremely low. In 2016 and 2017, a significant part of the early backers got rid of bitcoins, taking advantage of the price increase.

Lost keys: five wallets with more than 212,000 coins worth about $ 1.3 billion of these "whales" will not be able to get their bitcoins back. Since 2011, there has been no movement of funds on their wallets.

Criminals: this is the smallest group among the "pillars", consisting of three purses, containing over 125 000 coins worth about $790 million, Two of which are connected with the Great Silk road. Also, these wallets are supposed to be used for tax evasion.

Whales are dangerous?
According to the Chainalysis study, only a third of the above assets are involved in trading. 66% of whales do not make deals at all.

"Whales" from the category of traders are active buyers
Research by Chainalysis shows that in the days of December 2017, when the price was not at its peak, but with a major drop in 2018, "whale traders" were exclusively engaged in buying bitcoins. Their stocks of crypto assets are only growing: "bitcoin whales" are ready to buy cheaper currency, which keeps its rate from further decline.

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