How does the '70 group' impact the value of cryptocurrencies?

3 answers

• SHAWN BIVENSNov 24, 2020 · 5 years ago
  The '70 group' refers to a theory in the cryptocurrency market that suggests a group of individuals or entities holds a significant amount of a particular cryptocurrency. This concentration of ownership can have a substantial impact on the value of the cryptocurrency. When this group decides to buy or sell their holdings, it can create significant price movements. Their actions can influence market sentiment and lead to increased volatility. It's important to note that the '70 group' is not a formal term or a specific group, but rather a concept used to describe the potential influence of large holders on the market.
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• bitcoin frFeb 23, 2021 · 4 years ago
  The '70 group' is a term used to describe a group of individuals or entities that hold a significant amount of a specific cryptocurrency. Their actions can have a profound impact on the value of the cryptocurrency. When this group decides to sell their holdings, it can create a downward pressure on the price. Conversely, if they decide to buy more, it can drive up the price. The '70 group' can influence market sentiment and create a domino effect on other traders and investors. It's important for investors to monitor the actions of this group to gain insights into potential price movements.
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• Stanley WichmannSep 01, 2021 · 4 years ago
  The '70 group' is a concept that suggests a group of large holders can impact the value of cryptocurrencies. While it's difficult to determine the exact size or composition of this group, their actions can create significant price fluctuations. When this group decides to sell their holdings, it can lead to a decrease in the value of the cryptocurrency. On the other hand, if they decide to buy more, it can drive up the price. The '70 group' can influence market sentiment and create a ripple effect on other traders and investors. It's important to consider the potential impact of this group when analyzing the value of cryptocurrencies.
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