Bitcoin Forum

The Whales could possibly destroy BTC!

BTC Whales control one third of BTC

The Good news is the SEC are investigating Whales for market manipulation.

If the Justice department can link a whale to a futures position that was say SHORT and then find out the Whale dumped a mother load of BTC on the market it will be jail time for those involved.

The SEC are watching these Whales so they would want to be careful!

In my opinion the whales are running scared and that is why the market is in the doldrums.

ETH whales are also being watched carefully!

https://steemit.com/crypto/@greenlife500eu/bitcoin-whales-and-how-they-control-the-market

I don't know that this is really happening lol. Stockmarket manipulation is really not illegal in my opinion tho we hate the idea because it sounds really unfair. But that is just how the crypto stocks really works. Tho i am not sure if they can really put them in jail

The SEC warning is addressed to the most insolent whales. Which brazenly and openly manipulate the market. I would say that these are small whales. I do not think that they are dangerous for the crypto currencymarket. The market is governed entirely by other whales. These are institutional investors. They have vast experience of trading in other markets and leverage on the media. They decide when the cryptocurrency market should go up, and when down.

It is a possibility: Jail

Exactly even I am thinking the same being in trading in about more than half a decade whales are controlling most of the stocks in equity market . Same happening in crypto space I don’t think SEC can take major decision on this even they could make control then it should be positive move .

I remember there is a group of people wanting to sue those market manipulators. I wonder how can they figure it out and detects who is behind the dumping process. Whales, however, can start to benefit from this as they have big capitals and they have better control of the market.

Very easy to detect the manipulators!
Exchanges are been forced to work with SEC and Justice Dept!

Stockmarket manipulation is highly illegal, and you can get so many years in jail for that.

The SEC has no jurisdiction in other countries and it is difficult to prove it in any way, because these whales are not working

alone. So do not get your hopes up that any SEC investigation is going to stop any of the price manipulation that is going on

globally.  ::)

All markets have their whales that are influencing commodity prices, so we should just accept that and continue with the

experiment.  ;)

I think what whales do is nothing wrong, they are reasonable to do and can manipulate the market because they have huge capital. And everyone deserves to be a whales if he has a huge capital. This is the risk that every cryptocurrency user will face, price control depends on the person who has the big capital, we have agreed to the decentralization system that has the rule as now.

whales are the major thing threatening the decentralization of cryptocurrencies and I think it should be somehow naturally controlled that the whales are not ruling the network.

You just said it , they own the 1/3 Rd part of the market and the remaining 2/3 Rd are the investors .
They can manipulate the market no doubt but they can't kill Bitcoins.
Sooner or later it's bound to recover if they think about escaping the picture.
They cannot completely destroy BTC until and unless they own 100% of whatever btc have been mined yet.
I think we should think about our own contribution and let this thing slide since it's not something that's in our hands.

Absolutely.Bitcoin is traded internationally and i don't think that SEC would be able to effectively control all trades carried out worldwide.If the big whales use exchanges like Hitbtc which don't follow KYC,then it would not be possible.

Actually whales always play the game in dangerous was. They manipulate the price which give bad effect to those small fish bitcoin holder for they surely lose their earnings because of whales. However, there is also good side from whales manipulation for everybody are beneficiaries once bitcoin price rise everything rise then profit rise too.

btc whales cant control market if all bitcoin user move from Conventional exchange to decentralize exchange/atomic swap

Is this dangerous? Whales only use their money, then on what basis do they want to imprison big investors? Whales do not deceive humans, whales only outsmart market prices, take advantage of opportunities. Everyone can become a whale as long as they have a lot of money. And I think forbidding people to buy bitcoin equals violating human rights.

Bitcoin is highly decentralized  and if according to the poster SEC is watching does it mean that Bitcoin is no longer decentralized? If Bitcoin succumb to regulation then it is coming to an end for bitcoin and other altcoins. Let us wait and see.

So if I'm one of the whales and I wanted to dump all of my BTC due to some financial reasons so I'll be imprisoned for withdrawing my very own investment? That sounds ridiculous though. I know it sounds unfair cos the value of btc will be affected for such actions but no one can dictate you what to do with all of your investments. I really don't know why they find it illegal, its just a strategy done in a timely manner.

I hope you do understand that just selling your coins is totally legal, what is illegal is market manipulation when you artificially inflating or deflating the price of a security, coin or whatever, basically misleading market for your personal gains.

Yeah! they can do what ever they want to do in their coin because it is fair and they have also a right thing to do on their own.  Because if you want to have profit then know what the whales want to do and be like a whale, do buy when they dump it then sell it when you know that if it right time to sell your coin.  Yes, they can get into jail when the bitcoin was ban in their country.

I do hope the SEC will be able to hold true to their investigation. I bet the whales are in a huge manipulation for the current price freeze so to say. They sure have control over the price, they put up negative news to pull down the price so they can buy so much. Newbies panic sell so they use that strategy everytime.

The SEC is USA jurisdiction but the EU and and other countries will probably follow their lead!

Yep. Manipulation is unfair. It can make cryptocurrency get peaked and after that plummet. In stockmarket, this action will definitely be heavily fined. But in crypto market, it's not.

Manipulation can have huge impact on market but I don't think it can destroy Bitcoin thoroughly, because not all of Bitcoin belong to them. Addititonly, though I'm not fond of manipulation but actually the whales just use their money, not scam money from anyone, to earn profit. It seems that's their right.

Big whales are part of the bad news spreading about bitcoin. They're doing that because they want to earn bigger profit. This is a different type of scam, they earn bitcoin on the panic seller because of their doings. We know that big whales only cares for themselves, they dont care if that thing falls, they just try another things when this thing not works anymore.

I think manipulation may inflate or deflate the price of coin but we should differentiate the whales who simply sell and buy a large number of their coins with those who try to control their price with their huge capital for their personal gain.

This depends on a lot of things to be honest, i really believe in that crypto is being manipulated by a lot at the moment, but it can change at some point if everything gets back to normal.

Where have you gathered such statistic that whales control 1/3 of BTC's market? But anyway, let's get to the facts. Whales are always around since the advent of Capitalism, and there really is no one to blame since they're just exploiting whatever advantage they have in the market in order to make a profit. What's wrong is that they exploit it up to the point that the market doesn't offer any form of opportunity to the average people to make a profit, hence, the market only benefits the whales in the long run. While I like the idea of the government looking up the possibilities of market manipulation, I don't think that this will be ever enough to eliminate the control whales have already established in the market. Heck, even the traditional stock and bond markets are being manipulated, so up to what extent would the governments eliminate the manipulation present in cryptomarkets?

Exactly the positive side of whales destructing the future is that price use to falls so people gets a chance to buy at the lowest price and then sell at high, so I think if it will be only for the temporary fall then it is not a big deal but most of time they takes too long to recover the price falling graph of bitcoin,  I think those whales should contribute to the price getting high than falling I think.

I think the SEC announcement of take care of market was not to care of whales but they decided to check on the exchanges to see if that is the manipulation from buying and selling or the exchanges are playing some game. The whales are manipulating the price too but I do not think that they can seize them but only we can stop them if we will stop to sell to them then they will be tired and will then rise the market.

This is not true at all, i think that there is something more shady in here, but we just need to wait until we can really clarify this out and see what is really going on in here..

I think nothing related about the SEC and the whales about this issue both there are have own plans about bitcoin, i think SEC plan to gives better and safe use of crypto for the security of their people's meanwhile whales plan to manipulate crypto control in their hand how it works.

Exactly they can do whatever they wanted to do they have a great power of BTC holds many coins and they have great influence in this currency  I am only begging thier kind character to please give some a little consideration in small community that depends only on bounty no enough amount to invest like those big whales did.

i also ask my self why BTC strong grow up in 2017 in long time,Whales pump money to pull whole crypto market and now it fall down,they only pull crypto market one time? and they will leave crypto market? i don't see that,i beleive crypto market will recovery again,we can wait whay what happen in the future

you are new to this market that is why you think "whales are running scared" :D

the fact is, things have always been like this and actually it is becoming a lot better compared to years ago as the market grows bigger. there won't be SEC doing anything about anything at all. it is just some bullshit they come up with to put pressure on this market and prevent the growth of bitcoin or at least slow it down. in the end when the shakeout is done and the newbies became depressed enough to not want to buy bitcoin anymore it will rise and hopefully by then we can see shitcoins such as ethereum low enough  that the newbies are out of them also so that they can't pull bitcoin price down as ETH gets dumped hard on their heads.

I think it's a good thing that the United States is investigating the price manipulation of bitcoin.
So these big players can't manipulate the market price at will, and the market will gradually return to normal.

No one knows exactly what is happening in the market,but everyone knows that there is some kind of a big game that still can not last long.I think we'll see it soon.

Are you the one who wrote it? I love it. These is a group of BTC millionaires are risking their BTC funds in effort to crash the price charts. And I think they are doing very well. Lots of fake buy walls are created to encourage bulls and newbies from exchanging their fiat to BTC. Then whales are margin selling them.

We know the whales of bitcoin control a huge amount of coins but the problem is that even if there is a lot of speculation regarding their abuses I have not seen a single case of people confirming this with blockchain evidence and if that is not the case then the question is how do they manipulate the market without buying and selling their bitcoins?

Manipulation maybe just for now or  for more another years but it may not last long. Once bitcoin is well distributed  to many holder, we will see the organic growth of bitcoin. They can manipulate now because they ar early adopter and hold huge amount of btc. Time will come that this is not the case anymore.

SEC is just trying to pretend they are relevant and create an illusion of their power. otherwise this market was not created yesterday. it has been around for 9 years and the manipulation existed ever since exchanges started showing up. they never cared to do anything about it so far.
not to mention that bitcoin doesn't belong to SEC or even US for that matter. they have no power to do anything at all.

I doubt that this whales could go to jail even though what they are doing is not good for all of us. There is no law that prohibits them for  doing so. After all, it still their crypto and can do what ever they want do with it.


 Now it gives me an idea that decentralization can really oppressed centralzed institutions because of people's choice. What you've said is totally true, yes they can investigate and knew who were the whales but they can't take further actions.

market is deformed. That is what I see by the fast fluctuations. But it may not be a whale's game. Because they may not be able to win. Or am I thinking, who has the confidence to do it? Maybe we need more time to identify.
If they are really in the process, the big fluctuation of the market will not stop. If the whale moved short in the past few days, that might be what I was thinking.

it is not about just finding the whales though. finding them is the easy part, a whale is someone who has a large amount of money or bitcoin, that's it you just check their balances on exchanges and you find them. the hard part is to figure out whether there actually was a manipulation or not and the even harder part is to prove that which is nearly impossible to do.

SEC is working good, recently they announce that btc or eth is not a security coin.
Whales are often to manipulate the market price indeed, if SEC can control the whales, i think there won't be market manipulation in the future.

What an improvement on the side of SEC who doesn’t even bother taking this action on stock exchange. I’m done with this government diversion of blaming cryptocurrency investors on manipulation that they doesn’t have the skin to do it in the real world.

All mouths and less work that’s always the case and might be just for self interest or BS.

They can manipulate the market without a doubt but they can not kill Bitcoin. Sooner or later it will surely recover if they think about fleeing the picture. They can not completely destroy Bitcoin until and unless they have one hundred percent of whatever Bitcoin has been mined. Bitcoin is highly decentralized and if according to the SEC poster watches whether it means that Bitcoin is no longer decentralized

I believed that there is always a big whales on any kind of investments in which it is normal that there is conspiracy and manipulation of the price in the market specially in Crypto currencies investments because of their huge resources but still i believed that they can't destroy Bitcoin because not all conspirators and big whales are united in which this will always depend on who got in first. All we need to do is to ride on their games so that like them we could earn a lot.

i think that was not a matter, market is a free place to doing a trade even doing with a manipulation trick, but how to survive in this
BTC are dangerous because no one control it not like ETH even have a decentralized system but have a high holder as an company who make it and they will keeping the market save because if they let it happen can make their broken them self

How could SEC investigate a world problem? Each country has this kind of department which is called as SEC that stands for Security and Exchange Commission i think this problem is huge and could not be stopped that easily. And people in this world of cryptocurrency are unknown and it so hard to identify and that is one of the problem here in cryptocurrency if you will going to look for an individual holding that amount of crypto.

Yeah these whales or group of investors are actually so greedy that they don't mind consuming peoples money just for them to earn more. This is one of the biggest problems now faced by cryptocurrency. I hope that it could be addressed and given a remedy in order to let the market price for bitcoin and other crypto to grow as what happen in the last few years of its existence.

If what they did had a bad effect on US citizens they could be answerable under US jurisdiction!

I also think they're shivering in the corner now, because if the SEC asks the exchanges for data, they'll soon reveal their real identities.
And manipulating the market is a shameful thing to do.

hopefully the problem with the market manipulation can be resolved soon, because this is very detrimental to bitcoin players, they get a big profit while we get a loss, very unfair!

Yeah the manipulation is all for selfish reasons, but they don't realise that they could jeapordise everything, and once that happens then they could lose all the wealth that they worked so hard sabotaging for

If SEC can able to control whales then that could be a great contribution for crypto world by sec. Because of SEC already I am having enough losses in centra and other some coins . Now if SEC can able to trace these whales then that could be greatest thing for me personally. Recent London survey also stated eth more decentrelised than bitcoin.

I do agree that the whales are playing a dangerous game but I don't think the SEC can do anything about it

Well it still won't get you your money back, i'm in the same boat  :'(

Well, not exactly, but they have a big part of power on the market ...

On the other hand, this will change soon

Really whale was always a dangerous game. Although Bitcoin is traded internationally and I do not think that the SEC will be able to control all businesses globally. However, good side effects from whales will be beneficial for everyone and Bitcoin prices will increase, which will make extra money for everyone.

I think this is their strategy to bait some big companies to invest in Bitcoin. Big Whales are luring them to gain more and be more productive.

I think that whales always played these games and will play it. Too stable market is not interesting for big investors because they buy something to get profit

I also think that in this system there will be a freedom to everyone so it means we can do anything we wanted for our investment. We can sell as much as we can and we can buy as long as we can. We as a investors we have a different strategy to make as much profitable but the worst thing is some other big investors or big whales are truly manipulating the market and they never meant what will be the effects of it to others therefore a lot of investors specially small investors.

i was wondering that how SEC will investigated the market to identified whales because crypto market is difficult to investigated and if whales true manipulate the price and i think they already prepare to facing this possibility however in my view if this is true and whales get caught by SEC then i think possibly the market will recover soon

it's good to control the whales in order to prevent market manipulation. I would just really like to prefer to see the contorl bodies to be decentralized entities using blockchain either.

BTC whales are those people holds a very big amount of coins they do bought the coins during the prices are low always supervised the trend of market flows makes advertisement to attracts investors when the demand rises they released and sold trade thier coins exactly they get big profit that's a dangerous game in terms of business strategy,  but I think not all BTC whales are selfish reminding there are many ICO's and bounties  who's need a help from them a source of income for thier daily needs please we're under the same roof which is Bitcoin a good legacy and a foundation to help others.

The last time bitcoin behaves very unpredictably, it is clear that whales and stock exchanges play their game, trying to leave the remaining players of the market in not destiny.

i dont even see what is wrong about whales if they want to earn more money by doing that there is no law about market manipulation.

There are few things that SEC can do it, if they figure out who are these people who are playing with the market and manipulates it, they can look closely to those people.How can you be sure of that whales aren't selfish?

Its been a long time that whales always playing to manipulates bitcoin price in the market.
What we need to do is never use our emotional feeling when deciding buy or sell in the market.
just wait and let they play their games.

I agree with this, the SEC is trying to make it seem as if they have control of the market by issuing statements about this topic, but what they can do about this? Not much, this is why regulations coming from the governments are going to fail, the only rules that bitcoin follows are the lines of code written by the developers, those are our laws.

No one cant know what are they playing dont trust any blind topics . btc price always unpredictable so when price drops stay hold and when price up then sale .

Whales are uncertainly responsible for the current market conditions that (may) experiencing difficult times, the price is seems testing the support, maybe it’s getting ready for a long trail ahead and hopefully that trend is a positive trend for investors.

Whales have been manipultaing the market for a long time, and even if they own 1/3 of the total supply they will not be able to destroy Bitcoin.
Moreover, Even if they sell all their coins at a low price, it will be in the good of cryptocurrency, since there will be no more manipulation and Bitcoin will be able to rise again as it is supposed to do.

So what you are saying is, I am NOT ALLOWED to manipulate the market  :o

That there is manipulation in one way or another, in every market, this is undeniable, but destroying the market is already something contradictory, whales try to make the most profit possible. Only with more people interested in technology and not just easy money can the market mature and become less susceptible to speculative attacks.

It is a difficult task to begin with because bitcoin trading is not restricted to a certain area and SEC does not have any legal validation outside its jurisdiction and even if the SEC finds out who is behind these manipulation and those teams are outside their jurisdiction they cannot do anything. In a market without any regulation we need to expect these kind of manipulation, lets see what they will come up with and how SEC is planning to deal if they find out the people behind these manipulations.

If they are playing a dangerous game, let them play. We just watching them and dont want to join them.
i mean we dont need to follow their pace. If we follow, then we are being manipulated by them.

It won’t be regulated because the SEC has no right and permission to deal with the affairs of other countries because this manipulation occurred globally and these whales are also smart. But if it happens right then the market will have a drastic price decrease and then stagnant.

In my opinion, these whales might have something to do with the price manipulation of bitcoin causing the market to go bear market. SEC should make a move to control this manipulation that affects the btc market in general and they should be held liable for what have they done. In the event where SEC could mininmize such manipulation, definitely btc market will recover soon in the coming months. My thoughts.

Yes, I agree that big whales and institutional investors are biggest influences as of now when it comes to the crypto market but they are able to manipulate the market because there is a lack of awareness among the investors. Most of the investors take a decision based on the current situation instead of relying on their own research and strategies so that results in the market which is expected by the big whales to execute the strategies and earn a massive amount of profit from it.

I honestly think this not created by whales, This has been an issue in all markets. People are thinking that once it drops dramatically they will say that it is being manipulated but can not provide a single piece of evidence.

I think this is a result of FUD. another country joining the bandwagon of banning crypto currency.

The market is falling because someone sells large amounts of crypto-currency. And not only BTC, but also altcoins. In this case, I think that these are large traders - whales, although the rest of the crowd may be on any news.

When ALL hope will be broken in the mass about crypto and when wall street will have most of the volume in hands - one go with the other think about it, then crypto will go back up. My take. 5.5k, 3.5k is a real possibility.

btc whales  trying to make panic the sellers to make sell the btc  so cheap for whales  so whales enter in dip mode  start accumulating more btc  the panic sellers will buy again btc when price is rise high , in the end who sell cheap btc to whales will lost the money but the whales will enjoy the profit because of they bought the btc so cheap earlier . its good that our btc is not eaten by whale for accumulation phase like bearish ,once bull run start we can enjoy the profits of btc .

And what of you think it is going to happen if we found out the SEC put some whales in jail? Do you think the market of bitcoin is going to recover? Because to me that will crash the market, besides the SEC is acting as if there were not bigger whales in the stock and bond markets doing the same thing and manipulating the prices to their advantage.

Being a whale or playing with whale always is a dangerous game because it will damage your assets if you're in a bad situation.
But it's a double edge knife so that means you could earn very well with that, so it's not a bad move to playing with them.

We don't know the true reality of the price variations taking place with time. From my experience, price manipulations were done by the whales. None has the right information for the price being going down. Let's wait with patience holding for a growth as the price increase will get ignited at the shortest.