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A comment on The Bitcoin Whales: 1,000 People Who Own 40 Percent of the Market. Parent comment

Re:The Bitcoin Whales: 1,000 People Who Own 40 Percent of th... by yellowstuff on Friday December 08, 2017 @09:36AM (#15878832)
Buying any asset pushes the price up and selling pushes the price down. It's a matter of sensitivity. The Chinese government could probably push down the price of USD a few percent by announcing a policy change today, but one guy could potentially push Bitcoin prices down significantly with a keystroke.
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Re:The Bitcoin Whales: 1,000 People Who Own 40 Percent of th... by tfha on Friday December 08, 2017 @09:38AM (#15878847)
At great cost to himself. Dumping coins like that is not free, you pay a huge price due to slippage.
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Re:The Bitcoin Whales: 1,000 People Who Own 40 Percent of th... by christopheml on Friday December 08, 2017 @09:43AM (#15878885)
Interestingly enough, that's how Société Générale lost huge amounts of money following the discovery of Jerôme Kerviel's misbehavior. They recklessly closed their positions, shooting themselves in the foot in the process.
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Re:The Bitcoin Whales: 1,000 People Who Own 40 Percent of th... by dazmax on Friday December 08, 2017 @10:28AM (#15879291)
But now they could also own put options.
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