Bitcoin Forum

I always dream of a world where whales and big fishes have no control over the cryptocurrency world, this big players can fraustrate cryptocurrency, i wish there are other things which can determine the price flauntuation except demand and supply,

It's impossible mate even in the future. .so we must build our own strategy in the market so that we can prevent such issue.  'cause big players is the only one nowadays that can make the growth rate of bitcoin up and down.  Which is so difficult to predict when will be the fluctuation will made.  ..

This is impossible to happen, in any market there is always some people that have the huge share of investment which is called whales. In stocks which is hundreds of years older than cryptocurrency market they also have whales. We have to accept that the more money you can put, the more powerful you are and not all people can do that. Cryptocurrency is an open market so no one can limit people on how much they want to invest.

it doesn't matter if it is centralized or decentralized, in every possibility there will be someone that will lead the price index.

Whales or someone puts volatility out there. With volatility how would you earn money?
Just rising in the price is impossible, sometimes it needs to go down.

I think that in the future this is possible. When big money enters the crypto-currency market, it will be difficult for whales to manage this market. After all, in order to swing the market will need the amount of money by several orders of magnitude higher.

Big fishes are those who have millions of dollar worth of bitcoin which they might have bought on early days or mined on earlier days. They will always hold bitcoin that made them millionaires so they will always have control/influence of market.

Demand and supply determines price of every trading assets including bitcoin which is further influenced by news regarding the assets or other things that can indirectly affect those assets.

There will be no market if there will be no demand and supply.

Well, people with money are always gonna have advantage over people who don't when it comes to manipulating stuff that can be manipulated with money, so this dream of yours can never be fulfilled unless the humanity itself changes in people which is highly unlikely.
So I guess, we'll just have to deal with it.

If you've been in the cryptosphere long enough you should know that bears, whales, etc don't have absolute control over the market or the swings in the price.

There are several things that can determine the up and downs in the prices. For example, sometimes the general sentiment (emotion) is what drives the market and the fluctuation in the prices, for example, if there's a negative sentiment towards cryptos because of some news or some FUD articles then prices are bound to go down (people dumping coins and panic selling), if there are positive news, then there's a high chance that prices will go up due to fomo and other things.

Whales and big players do have some advantages and they can in fact manipulate the prices, but you can rest assured that they don't control the crypto market.

Removing whales in the market is extremely difficult or yet impossible because  if they leave they still can trade and still manipulate the market so i think that can happen but not so sure.

It's a fairy tale. The whales always will be in the market. The only thing I believe that crypto market will become more and more regulated, so the manipulations will become more difficult for the big players. Anyway, now we should create our own strategy to safe our money from pumps and dumps and so on.

Correct.

Apart from the whales, the media also plays a major role in the price manipulation. A single negative news item is enough to drag the market down, and the funny part is that at times market starts coming down even if the news is positive but has been portrayed negatively by some journalist. For example, when India's FM Arun Jaitely said that Bitcoin is NOT a legal tender, the market came crashing down, while his actual words were that government would welcome the use of Blockchain in its system in order to make them more secure.
But unfortunately the people were sold with the headline that read "Bitcoin is not a legal tender", and hence a massive crash followed.

I know everyone wishes to have a stable market where there is less anxiety and less volatility, but I don't think that is ever gonna happen.

It will be possible if the crypto currency users increases more so the whales influence will get decrease because that the crypto currency will spread to all persons so the whales don't have enough quantity to manipulate the prices.

True that's what i expect, that way means the ownership of bitcoin will not be centered on a person (pope) but grows evenly in every user circle.

It is not necessarily bad because there are a other whale for every whale that he needs to care about  :) But I don't think this market is like other ones, whales even scare of it, believe me.

Maybe, but there are bigger whales out there that simply don't care to mess around in a volatile market. Once the space gets big enough I think we will see bigger whales and I don't think they will lose their influence anytime soon. Also demand and supply effect crypto but the mainstream media also has been effecting the markets based on all the "bans" in the last 6 months.

I think that with a new market and extremely immature, it is inevitable that we face sharks and whales, it can be seen that the market is constantly changing and extremely complex, We can rely on the traits and habits to predict the behavior of sharks, and from there, to show their commercial plans. So you have to be experienced and always have solutions to all situations.

We hate them because what they do is very fraudulent, however, what can we do if they have lots of bitcoin at their disposal? So the world you are trying to picture will not happen. And mind you, this market is based on speculation so I doubt that they will be less significant because they can really manipulate the price in their favor.

What we can do is either swim away or just ride the waves with them. Its your call.

I think as time goes by, we will see those so called whales lose their influence or at least lessen it when the ocean becomes bigger. Right now though they still waves their power because they have enormous amount of bitcoin. But when other big institutional investors or Wall Street investors gets in, there will be competition amongst them resulting of their actions (dumping/selling) not that significant anymore.

its okay to have a big players and yes it can frstrate ur mind if the market make opposite  of what you want.  but dont make it rush. make a plan for long term. you can avoid price fluctuation   in the market its normal that the price is fluctuating everyday because of the volatility.   let the big players decide about it.   you only need to do is search for them and analize what they are planing.   just ride to what they want.  because you cant beat them.   that its  if you want to make profit.

Big whales are irritating to majority but the good point is apart from having a lot of control over bitcoin price rather the whole digital market, they are basically supporting bitcoin and will never leave its side. This is why it is not that risky to invest in bitcoin.

But if these people decide to leave bitcoin, still it won’t drop because the digital market is the need of many and still very small as compare to all other stock markets.

That's a really tough dream you have mate ;D . You know that there are thousands of people out there who have thousands of BTC in their wallets. Even if it was a few people, yoir dream "might" have been achieved but since there are so many people with such huge amounts of BTC, it will take a whole lot of time for their accounts to go null. I don't think it can even happen . So instead of dreaming such thing, we can think of a better strategy to gain profit despite the whales manipulating the market. This is the only way we can survive in this Crypto market.

The main reason of price fluctuation is US vs Russian government because Russia is supporting to cryptocurrency so US government is regulate the cryptocurrency it is based on Google, Facebook and Twitter. Then many big whales are trying to make more profit in this time. So consumer is determine the cryptocurrency price.

In terms of the actual price of demand and supply is critical so these two components can not be separated by anything and someone who is able to maximize the slightest chance a direct gain can be well earned.

If you think like that by following the others will help you in getting that much of money which they have made, then probably you are wrong and that you may end up facing lot of problems while doing so. The best thing which can help you out is that you need to make some better plan based on your own expertise and skillset and that you need to keep on working hard to make all of your dreams come true.