Bitcoin Forum

The bitcoin market has become increasingly difficult for investors, prices are increasingly volatile and uncontrolled whether the sharks have taken over the market.

So we're calling whales, sharks now?  ;D

The cryptocurrency markets has always been volatile and will continue to stay that way probably until we get a decent rate of global adoption. Though I really don't know how it has been "increasingly difficult" for investors, as in my opinion it's actually a very good time to get in to the markets due to the prices being currently significantly lower than the prices a few months ago.

Doesn't matter if we call them shark or whales, simply they are early adopters who are continuously manipulating the price of bitcoin.
Global adoption of bitcoin is the only way out to reduce the effect of these whales on the market.

BTW volatility is always great for investors/traders to earn decent profit in short span of time.

4 years ago. average joe could buy $10 of bitcoin without any KYC registration headaches.
now its lots more paperwork, and risks of funds being frozen at a moments notice under fake AML restrictions as soon as people try to move large amounts and cash out.
(the funny part is that money businesses are not suppose to freeze funds movements without a court order. and not even allowed to tell the customer they are under investigation)

as for the sharks vs whales.
whales gobble up huge orders in one go. those days are becoming rare. and also the liquidity of the markets and the volumes of the markets are shrinking too. so now its more so sharks running the exchange movements. by taking little bites very often via bots to move the markets.

we are no longer in the days of mtgox where seeing 2000 bitcoins move in seconds happens due to one whale . now most order lines are under 1btc each and have many bots all biting at the orders like a school of sharks

smart traders have learned, its no longer entertaining to hold 1btc for a year and hope the fiat value doubles.. instead they hope to make 1btc into 1.01 every 3 days so that at the end of the year they have 2btc+ and that 2btc also has the hope of being worth even more due to the fiat change they would have waited for anyway.. thus quadrupling their funds.

so we are no longer in the whale domain of waiting for 400%-1000% whale spikes. but instead we are in the weekly 1-10% shark bites domain

The sharks will just grow bigger as institutional investors will enter the Bitcoin water in the future. Our Bitcoin whales are mostly early adopters with loads of coins and some large miners. They will eventually sell their coins to the big Wall Street investors with the institutional capital and then price volatility will increase, because the traders will be trigger happy to protect that money.

We should appreciate the current whales, because they still believe in the cause. The Wall Street investors are only profit driven and will cut their losses at a drop of a Dime.  >:(

not for investors!
the only thing that has gotten difficult is for newbies who want to get rich over night. because bitcoin price is nearly stable and is not rising 100% every two months these newbies find it difficult!

bitcoin price has always been volatile, and right now the volatility of it is actually decreased compared to last two months.

Well, you're right. Didn't thought of it that way. I talked about the price because OP was implying on the price volatility.

Anyway, KYC sure have become a lot stricter; but lets not forget that we still have LocalBitcoins[1] for transactions that allows us to be a bit more anonymous than using exchanges like Coinbase.

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[1] https://localbitcoins.com/

now it is not clear what is going on, past the highest prices for bitcoin remain a story for me

Probably poker player  ;D

OP would probably like to see bitcoin going to 15K and back to 12K than again back to 15K in 10 minutes. Many newbies are confused and think bitcoin is get rich over night, well it isn't  :)

Better slow and stable than fast grow and crash even faster.

The market of crypto-currencies was always unstable and remains unstable so it can be assumed that these same sharks control price growth.