Bitcoin Forum

Is there any evidence that these mysterious 'whales' really control the bitcoin market, or is this a myth generated as people try to understand why bitcoin prices go up and down?

It isn't that hard to figure that out even if you don't have actual evidence. Logically, if you have enough coins to manipulate the market to your advatage, why won't you? And i think there have been several instances where a single transaction from the same wallet address bought or sold enough coins to move the market.

They actually don't control the market - they just manipulate with their tons of coins and use panic and rumors to manipulate peoples.

If you would simply look even at Bitcoin's price chart you will see that in some time frame you will see some kind of sudden spike in its volume and even in its prices, this sudden spike is more likely be done by whales rather than a lot of people coordinating to buy or sell at the same time. They have the money to pump as well as the cryptocurrency to offload in one big dump. This is no myth as this whales literally lurk in our market even until now. I don't even know where you have that thought that they are just a myth created by people.

I don't really believe in it because there is no evidence of the same happening. However, the whales are actually the big money hoarders so they have some controlling interests on the price of a cryptocurrency. But one thing I always fail to understand and I have asked this same questions to many places in this forum. Not yet received a satisfactory reply yet.

Lets assume, I hold 100,000 of bitcoins. So as a whale, why would I want the bitcoin's price to go down? If the price increases, my net worth will be increasing and I will have more purchasing power. So I fail to understand people, when they say that whales are behind this price crash. How and why?? Can anyone provide a proper understanding?

Basically the news about that the whale is controlling the market has no evidence and it was just an opinion of someone, price go down as the negative news is continue to spread and some hacking of a big shot exchanges what do you expect will happened of course the price will go down drastically that just the way it is.

https://cdn.dribbble.com/users/9964/screenshots/4614868/whale-mafia-shirt_1x.png

1st rule of Whale Mafia ,

Is you don't talk about the Whale Mafia, Capisce?   ;)

Anyone that breaks the rule, end of swimming with the fishes.  :D :D :D

https://s3.amazonaws.com/lowres.cartoonstock.com/animals-whale-killer_whale-mafioso-crime-criminal-dre1307_low.jpg

Whales can't control Bitcoin but manipulate the price with Rumour to cause panic and that might serve as opportunity for them to acquire more. I believe it will get to a stage where Circulating supply and Total supply will be equal and FUD or Rumour won't really have effect on the price to fall because everyone have to hold it tight.

If you want the proof for the manipulation then you need to check that sharp dumps and bumps occurring in the bitcoin prices.When this happens actually people wamt to buy and sell accordingly to the market situation so they are manipulating the prices for sure.

They have some degree of control over the market, but that degree is very much an unknown. Bitcoin's value has gone up so much that I can only imagine that it would take an ungodly amount of money to move it. The largest whales typically possess that amount.

There's no hard evidence for it happening as far as I'm aware, but most people believe it because it's certainly possible. The combination of the centralization of wealth along with the unregulated status of the market make it a good target for those with resources and something to gain.

You can't blame whales for every movement though, which seems to be happening a lot lol.

control is a strong word in my opinion to describe the situation.

of course control has degrees. for example we know that bitcoin market is huge compare to the altcoin markets combined. so the degree of control can be compared. take any altcoin for an example. a whale there can easily manipulate the price with a lot less money than is required to have an effect in bitcoin market.

They really do for real. They have the resources to swing price in their favour. You only need to watch the progression in prices of coins being subjected to pumps and dumps. Whales do that on a larger scale.

That is more like controlling the market, whether they buy/dump large amounts of coins or they use the media to create hype or FUD, one could say they manipulate the market or control in my opinion. I may be wrong though

Come on lets not forget the event of December 2017.  ::)

How many of you really believe that it was the natural pump and not the artificial one? I am pretty sure that was act of Whales where most of the powerful came into the market with clubbed offer and made those dramatic changes. Im not sure why, but I always believe that event was product of artificial manipulation made by whales.

You need money to make more money it's as simple as that. And the whales have so much money available to them that they can influence the Bitcoin price at their whim. I don't think the big swings happen in a natural way and more likely there is someone or a group of people pulling the strings. It's not a myth but rather real. As for getting evidence one could monitor what volumes of Bitcoin are being bought and sold at major exchanges but that's a very strenuous task.

THERE IS no actual evidence for this . but i will give some example for this. Do you know 10,000 bitcoin pizza deal ? how that deal become popular , how he get bitcoins ? after that incident bitcoin price jumped over 500% in a month

this is an example of live whale , still that topic is here on bitcoin-talk.

We cannot see ghost or negative energy , but they exist similar whales exist but not visible to ourself

There's no hard evidence but logic will tell us it's possible, as you can see they are the one who is going to benefit if they can control the market because they have the volume but I understand they buy in a dip and sell in a surge this is how they make profit and they easily sell it in profit at a much lower profit.

It is possible for the whale to control the price because most of them have a large fraction of bitcoin. They can decide to devalue the price and pull down the market at any time after that buy a large fraction again during the deep since they have money.

Yes, to an extent they do control the market price. Rue the day when the whales now know each other and form a cliques such that they decide when they pump price and when to buy. To an extent they affect the pump and dump situation and as such they tend to tilt market prices to their favour

Not in particularly control, but manipulate in the sense of bitcoin's price as they share the major amount in the market. When they decide to manipulate the price, some will sell most of their coins in order to increase the supply or decrease the demand depending on their decision. Since the market theoretically follows the law of demand and supply, by the amount of resources that whales have, they have the opportunity to gain more using this tactic.


The problem with determining the whales, especially in cryptocurrencies, is that no one actually knows whether or not they manipulate the price. Since cryptocurrencies also share the anonymity factor on its transactions, it may be difficult to determine if they have the absolute control on the market price as various of factors contribute to the increase/decrease on the price of bitcoin depending upon the situation or in the media.

whales can not controll but manipulate like said before. escpecialy with smaller coins. and coins on few exchanges. if a coin is only on 1 exchange its easy to set orders to manipulate everything.

The factors that control prices of btc are numerous. And there is no denying the fact the whales can play a part.
Btc works on supply and demand principles.

With huge capital injections or withdrawals, the market can tilt

Really apt! If I were a whale,I definitely won't be advertising it for the whole world to see. These sudden price spikes and drops can only mean that there is a conscious effort to manipulate the markets. Certain people don't want bitcoin to do well. It's that simple and only business!

Thanks for all the answers.

I do agree that whales can bump the price a bit (in either direction) by buying or selling a big chunk.

However, I've read comments on newspaper columns suggesting that whales are a murky conspiracy going far beyond just buying and selling. One commenter accused the journalist of being paid by a whale to write an article. Which to me looks a bit of a conspiracy theory.

It should be possible to look at purchases of BTC around big movements (such as the recent $5800-$6300 jump). However, even in articles claiming that Tether is printing tokens to boost BTC, the relationships between issues of Tether and BTC jumps wasn't that obvious.

My current belief is that while there is some manipulation, that the primary factor controlling BTC price is standard herd behaviour.

But, I don't see a small number of whales having enough control to create major sustained movements.

I believe they somehow affect the price . Those telegram signal/pump groups (which i believe are handled by whale group) are actually manipulating some coins , which in my opinion affects btc . Since , (maybe) after some people see that theyre going to pump a certain coin . Theyre gonna sell their BTC instead of HODL'ing for a quick profit which could sometimes be a trap . So yeah , just my opinion . Im not a veteran nor an analyst in cryptocurrency  :-X :-X :-X

they don't control the market, i think they just try to manipulate the demand with their tons of coins, that can cause some panic selling and lower the price so they can buy more coins at lower price

this can not be proven, but you can analyze every crypto market fluctuations, I read that predicted more than 1000 people or whales have 50% bitcoin assets in the world, with each individual having $ 105 million.

half of the bitcoin market is controlled by them, so every time, whales have an important role to make waves.

"Whales" are a boogeyman to explain irrational trading, and justify why you are sitting on huge loses (or substantial gains).  In regular markets, whales certainly exist, they control large fund that they can move market... a few % here or there, enough to make them and friends substantial profits through leveraged positions.  In currency market for example, you might have a trader controlling $1bn, he only needs to move the market 0.1% in his favour and make a $1m profit for the day, trebles all round.

In crypto im not convinced they are the same creature, the financial instruments aren't available.  A whale may buy up a crypto but trying to sell down the market to buy back is risky, they have to first accumulate a position then sell it to then buy back.  What if it stays low?  On the other hand the volumes and amounts needed to shit the market are relatively small.

Though really most the large movements are simply irrational, lacking real fundamentals to anchor value, the technical analysis and day trading dominate sentiment.

Chainalysis determined that there are only 1600 wallets containing more than 1,000 BTC. Together, these anonymous addresses hold almost 5 million coins, which is the third part of the whole bitcoin market without accounting for inactive wallets. Owners of these wallets, called whales, control a significant part of the market, but not all of it.

Whale investors were the ones involved in the manipulation of the crypto market typically with bitcoin. These whale investors have huge amount of btc and makes a scenario that could create a bad news about bitcoin and because of it's volatility, it can affect it's market value causing the fluctuations to occur. Once the market has not been moving deep down, whales then buy huge amount of btc and hodl whie waiting again for another market uptrend then sell again gaining huge profit.

We all know that investors who have large sums of capital is called a "whales". If someone have that much money, I think it's only logical that they would try to manipulate something for their own benefit. They are the reason why if not all, most of the markets of cryptocurrency are having pump and dumps. They can spread as much FOMO as they want to other people which affects the price where the same goes for FUD. They create fear and hope which manipulate the people and market in the process.

It's very simple mathematics. Let's say 1 Bitcoin is worth $10. A whale has 1000 Bitcoins and he wants to accrue more. What can he do to achieve this fast? He starts selling a portion of his stash  and pushes the price of Bitcoin down to $9. Let's say he sold half of his coins. Now the public starts to panic sell and the price goes even lower to $4.5. Now the whale can buy back the coins he sold at $9 for $4.5 a pop. He effectively doubled his coins. Now he has 2000 Bitcoins at $4.5 each. But a lot of other people start buying again and the price goes back to that $10 threshold. The whale is happy with his 200% profit.

Pump and dump 101.

The market is a game of trading. And of course common sense will tell us that even without any evidence to back-up the claims we can still be certain that it is a reality. If you have a 1 billion dollars and you bought bitcoin at this point of time then surely bitcoin will increase in value tremendously and if you already meet your expected income and sell 2 billion dollars worth of bitcoin value what do you think will happen to the market. Also if you have that huge amount you can play the value of bitcoin in the market and it can cause panic among smalltime bitcoin holders.

not exactly evidence but there are some (lets call it) 'signs' that can point towards market manipulation. for example one of them that these days has been the hot topic is the Futures Contracts. people say in order for the whales to make profit in them they are dumping the price here so they can make profit there then they buy bitcoin with all that money. the dates and times match and there is not much evidence more than that.

partly this is true too. usually when people see the drops they start saying "whale manipulation" and whenever there is a big rise they call it "natural rise". in both cases we have natural rises and falls and manipulated rises and falls.

Yes there is an evidence that tells that marjet is controlled by whales. They have good sources by which they spread fake rumours and market comes down. It has become a monopoly now.

You got it right dude,theres no concrete evidence about that manipulation from the whales,but logically i guess it is,since they can do everything because of large amount of bitcoin they have and may use it as andvantage,and as i believe the same reason thats why US government are now into this issue to investigate about manilulating

the evidence are in the markets, and yes whales really controls the price of bitcoin in the markets. when whales are moving, a big waves coming from them, the volatility of bitcoin happens after whales moves and suddenly all the price and volume change. in a normal view, it is like a normal scene that has a normal flow of business in the crypto markets, but if you think more deeper, all things can happen and that thoughts really exist and happening.

I think that whales really influence the market, because it is unregulated

base on my research it's true that whales is the only one who can control the growth rate nowadays which is also known as a "big player" in the market , because of their huge contribution on the progress , that can cause manipulation  that's why also there's a sudden up and down of price .

They said whales are big people with a lot ofmoney to invest.Its really possible that they can control the market because they have aa lot of money that can manipulate the market and taking advantage by others to create a big effect the market,

for now no one can control the market, the current market movement is very difficult to control and difficult to predict, the current price of crypto currancy almost all the price down

You can certainly see the proof, because every time you do the transaction is the proof. It's true if you have a large capital we can manipulate the market price, even the price you want will be up.
that's one reason Bitcoin can go up and down.

IMO, it's possible because bitcoin value determine by supply and demand so unlike stock exchange, bitcoin is more volatile than stock trading because the value is easy for being manipulate.
Of course they can't manipulate over 5% except all top 50 on the most richest bitcoin owner try to manipulate by selling their own bitcoin !

 I can say for what I know that that whales are not continuously performing that control of the market, they are just come to it, affect the price significantly in order to gain their purposes, and step out.

In my opinion, the whales do control and manipulate the market as can be seen from the recent pump and dumps. Most of the market capital is under few billionaires and thus they can easily control the whole market.

That depends on the individual's thinking whether to believe it or not. Personally speaking, I do believe in this because it''s obvious  that there are a few or more whales in the crypto market. The early investors own a lot of Bitcoins in their wallet and some of them might surely think to use it for their benefits and create more wealth out of thin air. Who don't wants more money ? They would be surely using it to manipulate the market and extract money from it.

I think that the only thing that they controlled is the bad news about bitcoin spreading on the social media, so that they can harvest bitcoin on the panic seller, for them to earn big profit when the price of bitcoin increase. Bitcoin cannot be controlled or manipulated, so its impossible to state that it was being controlled by big whales.

Actually, you do not really need a physical evidence to prove this. Logical reasoning is good enough. Imagine you have a number of Bitcoin that can significantly affect the market. And since we are talking about whales, they have more than enough number of Bitcoins to control the market. And since some of these whales wants to accumulate more Bitcoin, they can easily manipulate the market by selling hundreds of Bitcoins just to trigger panic selling. However, they do not control the market at a daily basis. Whale manipulation only happens several times.

I think yes, because there are some addresses that having more than 50 thousands btc which can pump btc in every market at one time.
If the whales have a teamwork, they can control the market price.

Even without evidence, if you come to think of it. If one powerful person who possess large amount of money, he can make an impact with the price if he buy or dump his assets, and not only one person. I believe they are in a group, just like a syndicate.

I'm sure if you were to check the blockchain transactions (using block explorers) you could gather enough evidence that there are whales and that they do actually manipulate the markets.

And you doubt that Bitcoin is controlled by those who have a large number of bitcoins. And also those who sell these bitcoins. Exchange and the stock exchange is a place where they make a speculation of bitcoin and other altcoins. Very famous exchanges have already been bought by well-known banks all over the world.

There is nothing mysterious about whales, they trade, pumping coins, just like you but the difference is they have more money than you, they come to buy in bulk because they want a bigger profit and I think that's a natural thing.

It isn't a myth, it's logical - whales exist and they have most of the total amount of Bitcoin so they can manipulate the market. They can't control it as they don't own all of the Bitcoins and never will but they can influence in a big way how high the price would be. The market still depends of all of the community.

Rising Bitcoin Prices Down

If you are currently observing Bitcoin prices, then you will be amazed by the rapid rise and fall of Bitcoin prices (fluctuations). In fact you may also wonder whether companies (such as Luno) that determine the price of Bitcoin?

The answer is no, because Bitcoin is interoperable. If you want to know the characteristics of Bitcoin, please read our previous article: What is Bitcoin?

That's not a myth, I once discussed this with my friends. in fact, whales can control market prices. large capital can manipulate the price according to his wishes on condition that there are still many people who panic selling.

That is what they say, I am yet to know how whales control the entire crypto market. Well they may play a role in the trend in price but entirely controlling the market cant be as a result of whales. Government creating fear and panic also cause changes in the market trend. The principle is simply demand and supply.

I have heard more off the whales affecting and manipulating the market, it can be kind of control that I believe that they don't control market 100%. They can just have a limited influence on it.

We do not really need proof, if you take the time to look at any market in which some players have the majority they will try to fix the game so they always get profits, it is simply human nature, and so it is obvious the whales are going to try to get benefits no matter how the market moves and if that means bending the rules a little bit then they are going to do it.

No one force you to do investment here in crypto so if you think bad here just leave this to others

Don't judge digital currency we are so many users use this

This is still running by conveniece so if you experience not well just leave

may be,but no body have proof how they control market.we already know if we have big market share, we can put some impact on market. that is reality.in crypto world same as they do.

yes, whales do exist and not in the sea
they control the price by doing BTC dump and pump
only communities within their circles get updates on the latest and upcoming news, and they only benefit the community

Whales do not completely control the market since Bitcoin prices based on supply and demand. Whales only able to manipulate the price as they wish, and you can clearly see how they work when almost combined organized whales doing its job.

There are rumors that whales are playing a role in the bitcoin market and that they are moving in the same direction as the bitcoin prices, but I'm learning more about this

 I have heard that whales activities are shaking this market hardly, and the prices are highly depending but also I believe if we would be sensitive for that, we can still earn here.

If you find some unnatural changes in the chart,it's likely a doing of whales.They have a ton of money to spend that can manipulate the market,so it's not really a myth.If some whales coordinated,the price can go wherever they want.

I think it is a myth, it is clear that bitcoin prices are influenced by buying and selling activities in the market, there is not a party that really set bitcoin prices. This myth is only made to frighten the bitcoin users only.

In my view i think whales in crypto really exists or much better to call them big trader/investors in crypto. They can easily manipulate the market with their huge funds they can pump the coins they will choose including Bitcoin, and when the times that small traders goes in and if the whale thinks it is already profitable for him he can easily dump his huge holdings and it will have a big effect on market and for small traders.

Does a bear shit in the woods  ;D .Really guy all u have to do is watch the markets for a few days and it manipulated as hell

I don't think that the whales are always controlling by the bitcoin market although they really can do this. maybe on some of the days, they are an increase or decrease the price but I think they don't want to do this in every day. besides that, the bitcoin market really depends on supply and demand so we can see that the price sometimes moving so fast and in the other time will moves slowly like today.

It's more a myth than real situation.
Maybe they have some level of control over market but definetely not so big as people like to think. Just because they have huge amount of bitcoins that deosn't mean they have the power and possibilities to control everything. The influence of whales is exaggarated.

They have no control but they can manipulate the price if they want. Although there is no evidence that whales are really manipulating some or most of the pump and dump, I believe whales do exist and they are the one who did it.

Yes whales manipulate the market if you have alot of coins when you sell all of that in one go the price goes down. And if you buy a much bigger volume with the lowest price prices goes down that simple. They are called whales because just like whales in the ocean they are massive.

I think in my opinion, they somehow do considering the large share of the market they hold. It means they have the ability to partially swing the prices.

Part of it i guess because whales are rich people that can afford large part a crypto tokens then maybe they can actually manipulate but no hard evidence for that even exchange platform had been accused for manipulations.  

Its hard to argue that they don't control a massive part of it. Fully though? I don't think so.

Trading is similar to gambling. If you have lots of money in your pocket then it will be easy for you to divide your holdings to manipulate the price in the market. It is all about mind reading and cheating the buy and sell indicator on a trading platform is very easy for those whales to control. If you are a trader, you know what I mean.

I think yes as most of the buyers or sellers or volume is determined from the big whales itself. U can see the bearish market is sue to big players have withdrawn their profits and moved away from the market. Now the stuck up people are retail investors and also some long term investors. Hence I would say its all volume game and also rite time to buy or sell as per the need and demand. Let's hope good for the future .

for sure, they have tons of coins and money. a sudden fall or rise of the price may be caused by these whales

Whales really have control of the market and it is not a false news. The stock market has plenty of whales to manipulate the market but is often caught by the SEC. In the Crypto market, we are not protected and the manipulation still takes place. We need to change the way we operate this market.

The Whales have been fucking us the whole time.  Stealing money like it is candy from a baby.  God damned whales just want to have more money.  Our money.

I think it is not myth. Whales does control the market because they have a power to manipulate the market for their own beneficial. The have a lot of money and coins in their fat pocket. They hold a big role at playing supply and demand to attract small fishes. If you have an access to see their movement, you would be a luckiest person at deterorating market condition right now.

There is no enough evidence that whales are controlling the market but many are speculating that whales are doing it. They can do what they want in the market because they have lot of money. They can pick a coin and pump it and then dump it whenever they want. They can manipulate the market if they want to. Fuck them..

FUCK THE WHALES!!!!!!!

Every market is controlled by some visible and invisible forces likewise the crypto market, although the whales exert a certain amount of control but they do not control the market in isolation their are other forces, like the propaganda forces which result to parnic sale, dump and pump strategy etc.

Majorly , I don't believe in whales manipulating the market. This has always been the talk of the day and there is no real and solid proof for it. Trading will always involves increase and decrease in price by simple logic. There will be high increase and high decrease when there are certain events , more buyers or sellers and so on.

They don't control the market, they control YOU! ha ha! As soon as they dump their profited bitcoins and YOU started to sell in panic, that is where the magic happens.

Exactly!!

....He boukht? Domp eet!

Whales can not completely control the market of crypto currency, if only because it is anonymous, and they do not advertise the number of their bitcoins in order to unite in global alliances. In any case, it is very difficult to do this, and maybe it is impossible. For whales, it is enough to influence the market for a certain short-term goal at a certain time.

It is mostly a myth. Whales are called whales for some reasons.
They don't day trade like many others. Not sure how many whales are out there but I'm sure that they are pretty chill about their money when they look at the market. They are mostly longterm holders

There is nothing mysterious about whales. Whales pumping, trading, just like you. Just like when you buy bitcoin, do you want to tell people and show that you have bitcoin? Certainly not. Just like you, the pope also wants to be anonymous. But the difference is that whales have more money to buy bitcoins while you do not.

when YOU are trading in the market then you are a part of the market. if they control YOU then they control the market. the real question is how many of these YOUs they affect when the dumping happens. and the answer is that it changes based on different times and the market status.

for example at the beginning of the year when bitcoin was still in super hyped up mode we had a lot of these YOUs who we call "weak hands", when the correction hit they panicked and sold. or when the whale dumping during the $10k fiasco started they again panic sold their bitcoins.
but they will always go out and the market becomes void of them. for instance when the $6k dumping happened 3 times so far this year there were not that many weak hands to panic sell so the whale dumps failed to push the price any lower and they lost money since they were forced to buy back at higher prices instead.

They control the market with large fund to manipulate the market though it can also be influenced by the demand of other people...

but they can move the price to the higher price and to the lower price and they are smart to make people become panic. we have seen this in many times and I think it will happen again in the future. they have a big of money that allows them to do that but like you said, they cannot do this forever and there will be a time that they don't want to interfere the market and only follow the market. but I don't think that all of the whales will do this because I am sure that there are any good whales that don't play with the market.

this is not a myth, whales can easily manipulate market price movements because they have substantial capital, whenever they can take advantage of the market situation to make a profit

You are absolutely right on this. Humans are emotional being thus any strange movement in the charts often create panic buy or sell which in turn triggers bear or bull run in the market. Thus Whales do control the market and would do anything to get your assets to be added to theirs.

Its a myth

There are a group of people from different countries who invests a lot of money in cryptocurrency and they are being called 'whales'. They do not have the total control of the market, they just have the ability to manipulate it. I mean if they want btc to go up for a certain percentage, they can do it coz they have a lot of holdings but just a little bit percentage. They have a big effect on the market but they don't totally control it.

Of course the whales control the markets otherwise who do you think causes these price swings in the Bitcoin markets. There are many people who own hundreds of thousands of Bitcoin and they are the ones who can cause a flash drop very easily and control the markets.

It is not a myth. Just imagine if someone have a great amount of bitcoin in their wallet. And they want to sell it in the market quick, by dumping it.
It can causing the price on the market falling greatly in no time. Will need time to be corrected back to the price before.

Evidence?  It is simple: whales get richer, you lose all your fucking money.  Who needs more evidence than that?

Fucking Whale assholes.

This has always been the talk of the day and there is no real and solid proof for it. Trading will always involves increase and decrease in price by simple logic. There will be high increase and high decrease when there are certain events , more buyers or sellers and so on.There is nothing mysterious about whales. Whales pumping, trading, just like you. Just like when you buy bitcoin, do you want to tell people and show that you have bitcoin? Certainly not. Just like you, the pope also wants to be anonymous. But the difference is that whales have more money to buy bitcoins while you do not.

I believe that the whales can control in one coin, but in the market I think they can control it, maybe bitcoin is the only way to control the market because when the bitcoin is down then the market will down as well.

There is solid proof: where is your money?  Now look at how much the whales have.  QED

The whales got all your money because you are stupid.  Don't be stupid and give more money to the whales that manipulate the market.

There are whales definitely. These people are controlling the price of bitcoin by pumping and dumping. Is it bad? Maybe. Maybe not. If you are them, wouldn't you take advantage of the market and play it too to have more? Of course you'll play it too. I know I'll play it too if I were them. But since I am just a plankton in this crypto scheme of things, I just follow the tide. And I hope not to be swallowed by it and earn a little here and there from my trades.

From what I understood about them, I do not think they control the market when Bitcoin goes up or down. They would take advantage of the bad stuff going around the Bitcoin world where it tells newbies and inexperienced investors and traders to sell them until it reaches a targeted low price where they would start buying again. Just my two sats.

Dude, yes, that's right, whales control the whole process. They are becoming richer and richer every day. For this, they create very high volatility. But why did you create this topic? Do you want to suggest that you make a world revolution and take their money from them?)

Everybody would have a different opinion on this. Mine is that whales definitely have some control on their market. That’s quite obvious. If you have sufficient resources to affect the market according to your preference then obviously you will do that. Their investments are very large such that they can affect the price of the coin. When the whales sold their investments at a high price, the price crashes heavily. Then they get an opportunity to but the coins at a lower price thereby earning more profits.

Whales don't control the market, they influence people with news and rumors.

Yeah the whales are control the market but not the whole market. It means they can sell only their coins to the market.They use one simple strategy that they buy coins at very law price into bulk and therefore the marketcap of coin will increase and therefore tje price will also increase.so when the price go to high they sell out there coins and earn huge profits.it means they can control only few parts of market.

on its basis in every market there is always a financial monopoly and in Bitcoin also exist, and its term is not Monopoly but Whale.

but the Pope is not like Monopoly here, if Monopoly is in motion to dominate the market and harming others in cryptocurrency when the whale decreases its price then it's already made sure it's also a loss, right?

This market controlled by supply and demand rules only.
this means what all in big holders hand.
This is who hacked mtgox many years ago and fonder satoshi

Whales in crypto is a term used to describe the big player in bitcoin.I believe they can manipulate the market and because of this they has   the power control it.

I think it's true that people who enter the bitcoin market in the early days or early mining are big whale, and they may have a lot of bitcoins.

sometimes, they can control the market by the increase and decrease the price. we can see this is happening over and over. the whales have their ability to play with the price because they a lot of money to move the price. but they cannot always play with the price because once people move in the market, they cannot play again and they will follow with the market. and yes, the whales are always taken our money because they can easy to make people become panic and we should not follow the people which is panic and we need to stay calm for a while.

Its hard to prove that bitcoin price fluctuation is because whales action. But i do believe, price can be controlled if we have large capital and whales have it. Whales have large capital and can make peoples in market panic with spreading false rumours.

In fact, whales are controlling the price of the cryptocurrency market. Because I know there is a whale in China. And this whale is holding 92,000 BTC in his wallet. If he agrees to sell Bitcoin at a low price then surely the price of the market will fall down very quickly

Whales controlling the market is not a myth, it happens every time.They buy to create a temporary hype,every one rushes in and start buying,when the price has gone up considerably,they start dumping their coins.This possible because the market is still at infancy

They can't control the market for a long time. The biggest possibility is that they will cause price fluctuations in the short term. They will influence the price with some news, fake news and rumors.

Yes it seems that the market is really controlled by big players. Because there are things that really speak about it.

This is not a myth. This is true in the present; you think in late 2017, the Bitcoin price increase of $ 20,000 is due to each everyone's needs. I think it is undoubtedly the whale who pumped money and pushed Bitcoin prices up

I believe they ar emanipulating the market. The marke tis small and these whales have a ton of Bitcoin they cna unleash on the markets, plus at places like Bitfinex whereby you have up to 500 to one leverage you can make a ton of money shorting Bitcoin without owning a single bitcoin. So in a bearish market people are making heaps of profits shorting the crypto market at large. This is why we are seeing no respite and upside in the market. It will take a lot of mass adoption and new money to come in before we see any upside and I don't see it happening this year to be honest.. Prepare for blood in the streets, suicides and capitulation before we see any upside.

Whales are controlling the market in recent years. Some groups claim to be whales, and they are billionaires in the world. They bought Bitcoin at low cost and then injected money to increase Bitcoin prices. After the price continues to rise following the trend of the market, they will sell all of Bitcoin bought earlier

well it happens many times that the whales sales all of their holdings and buy another coin that is why people following those big holders and if its that happen some fool will panic selling and dump the market so they can sell their own first.

Whales really do earn big money by manipulating the market but I don't think that it is already that it was really their doing. It is believe that they can because they have lots of money and when people panic sells, this is when they get big profit. With their money, they can do big investments on lower price causing the market price to rise and them to earn. It is pretty tricky but still, it is just and observation that is not yet proven.

I am more like 50 50 with this. Like we are the one responsible for the movement of bitcoin , we are who decide the value of bitcoin. Bitcoin value really depends to us. But somehow maybe there is someonw who manipulate or control the bitcoin, but we really don't know.

I think not, every bitcoin holder has control over their bitcoin, even though the presence of whales can affect market prices but you still have full rights to your bitcoin.

Yes, whales are controlling the cryptocurrency market. I hope that the government will accept Bitcoin and instead the government will control the price of Bitcoin also as the government controls the price of gold.

I do not think the whale can affect the bitcoin price at all because only fans can rely on price movements at any time other than that with the circulation of bad news about crypto make changes to the price later and in these circumstances traders should remain patient to continue holding asset for several months.

Whales will also depend on market conditions, if the crypto market is filled with positive news then whales will make the bitcoin price rise drastically, and when the market is filled with negative news then the whales also will make the bitcoin price decrease.

Totally,we could not prove a full evidence that whales or the big player is the one who controlled the bitcoin in the market,but having a common sense maybe we could determine thats there's no other one who could do this only them because they are only the organization who are capable of doing this kind of act because they have a lots of asset that can control the blockchain market,so there for me this is not a myth.

But if they can control bitcoin price, they must be want to make big profits. And to make big profits, whales should be want bitcoin highest as it can. I think bitcoin price fall right now because many peoples take profits at highest price and many peoples panic with many negative news around crypto market

There is no evidence in my knowledge atleast. But for some reason, it is slowly turning into something suspicious that it might actually be true. Given the suspicion in the last couple of years now, the price of Bitcoin tends to rocket before the end of the year, and its always like that otherwise often. Its a possibility, but personally I think the whales are contributing 1/4 to even 1/2 of the pump, and the rest are unknown, atleast to my knowledge. Maybe these people are the only ones who really know how the market prices react.

Yes we can say what we know nowadays that whales do not keep doing market control, they just come there, affecting prices significantly to get their goals. Basically the news about the whales controlling the market has no evidence and that's just someone's opinion, the price down as the negative news continues to spread and some hacking from the exchange.

yes the whale is controlling the market, but that is not entirely.
maybe only 20%, I think only the most influential current media of bitcoin prices.

We can't say this for sure. We can't know actually since everyone is anonymous. But in my opinion it is possible with their tons of coins they can somewhat control the price of bitcoin.

whales really may have some affect for what we may also have to experience for like we should and we need to be more patient even we may ever have to experience how whales play the market we should go for it.

Whales trade Cryptocurrency  for profit like everyone else right? So what kind of  Whales  buy up loads of coins to manipulate and keep the market down?
Such Whales are certainly not after profit as you can see. So what then are they after and who are they?  your guess is as good as mine.

Of course have. At the moment, this market is controlled by the news and large injections of money, and pour the money people who have a lot of money, that is, whales.

Whales buy low - and sell high.  You and your dumb friends buy every time it is high - and then you panic out and sell low like fools.

The 'whales' do have an impact and control on the price of bitcoin there is no doubt about that, recall whenever Mt.Gox dumps btc it always resulted into massive price drop, this had been reoccurring quite a couple of times, while the novices or newbies dumped at a high price due to FUD while the ' whales' buys low.

yeah i do think this whales are true.Manipulating the market their tons of coins making the value decline and causing panic to new users.

It's true sir, because that's the proof of it, we little people who have little Bitcoin always in a panic panic when the price is under and always buy at the top price.

If I were a Whale I would probably make Exchange only and not want to manipulate the market, because I'm too sorry for others.

Back in October of 2014, there was an event where a massive bitcoin whale liquidated 30,000 bitcoins for $300 a piece. Many traders and speculators thought it would wreck the market at the time but instead, the order was ripped through by buyers and bitcoin’s price subsequently rose to $375.The event was remembered forever, and the trader will forever be known as the “bear whale.” The 30,000 BTC order was also recorded on video alongside many memes and graphics depicting the epic slaying of this gigantic whale. Many bitcoiners felt victorious that day in October because a whale of that size failed to sway the market.

I am sure that this market is always manipulated by these people and we will see this all the time. I guess we dont need any proof here as this is decentralised market and everyone knows anyone can come up with full loaded bag of cash and throw it here to rise the market and in the similar fashion then can revert the situation. What to say about manipulation when we have biggest example of this year that is Mt. Gox who depleted the market cap by selling 400 billions worth bitcoins and then created total conflicting situation in the market. I guess this is your proof if you really wanted to have one. There might many more hidden names who may not come up front due to secrete nature of the crypto currencies.

When you see the mutations in the transaction graph. The rate of whale activity is very low, which is precisely those large investment funds, trying to capture or sell.

Yes definitely whales control market because many big transaction is doing by big bulk crypto holders and if particular person or group of peoples buy or sell in bulks definitely price can increase or decrease because they are manipulators of market and we can see many bulk transactions details on blockchain.info so here is no myth manipulators exist in market.

it might happen, because the key is any money can be made to manipulate the market if you have a lot of money, but that's not entirely the reason that bitcoin prices are falling is still another reason.

It is entirely possible that whales can control the market because almost the majority of bitcoins belong to them, and this means that while they can influence the bitcoin rate, but in my opinion they will soon lose their power and influence in the market

I do not think that there is evidence about whales controlling the market. It is just speculation that they can manipulate some coins and bitcoin like buying or selling in bulk. Maybe a group of whales to maximize control. But not regular coin holders as it needs a big amount to move the market and coordination

Whales on they and whales to win over with the market that they want) a lot of money can contribute to the movement of prices in one direction or another) I lie in this option)

Whales are controlling the market, I'm 100% sure about that.
You can see it on BTC dump & pump sessions, too many simoultaneous orders.

A lot of negative news is always spreading and some hacking of the great shot exchanges what you hope to happen will be about the price going down drastically that can not be denied. 8)

Whales at times try to manipulate the market which is with the large volume of bitcoin the users keep hold. As bitcoin is speculative, surely bitcoin is manipulative and whales does it. Whales initiate the manipulation and the small scale holders who gets into panic just execute it better leading the price fall low, and further the whales use it an opportunity to invest for a bigger profiting.

To my opinion the role of whales is exaggerated. In certain way they have influence on the market but too often they are given power that they don't actualy have.
The market manipulation whales can perform is not so substantial as many believe. And whales are often excuse for unconvenient situation that some users experienced but they can't control market in such extension that this would influence average user.

Everybody knows.   

Yes. That's why they called whales because they are manipulating the market. It isn't a myth. The crypto market will never be in ups and downs if there are no big traders that will put their money on and play the game.

jes they do, they manipulate media before they bought bitcoin, to achieve a so called bull run to scam the former owners.

The market manipulation in general is not an myth , the stock market has and is manipulated by very big players they are using peoples fear and greed to their advantage .
Since stock market is n times bigger than crypto market , it is only logical to think that this market is manipulated as well and this is often seen in graph also.

Im pretty sure whales exist  :-[ they can manipulate a big volume of the market causing drastic spikes.

I'm into crypto for almost a year. Not too long, of course, but it's enough to understand that there are some "higher forces" behind the crypto market. I haven't decided yet whether it's good or not. First of all I'd like to know what the goal of these players is) but it's highly possible we will never know it))

clear if there are whales in the bitcoin and also in all the rooms that goes with the market, the one that buys first is the one that has more opportunity to be a whale and they are gigantic wallets that when they move the market it feels like a lot and there is also sharks could say that it is a sea of opportunities but so are the crypto and also the stock markets in the world the stock exchanges are like this also like many companies and also egemonic governments that launch their currencies to the international markets and therefore they have a certain domain and like there are bots that also move prices

I'm sure there are large scale investors of Bitcoin and when they do buy or sell their coins the exchange will be felt in the market at the same time though, I'm not sure the whales control the market as even for them that would be risky.

Really? Do still think that these whales are still a myth? If we just analyze the record of price or in just thinking logically, we would get that this was really possible and is still happening til today. Actually, they can really manipulate the price and also with the help of the panic that may arise because of the dump. This was a great recipe that they are using since before so don't ever think that this was just a myth.

Whales exist and they are real. People with a lot of money manipulate the market and that is not a secret.

However, whales exist on every market (stocks, gold etc), not only on Crypto, and that's their role, to manipulate markets and get high profits.

If you trust Crypto projects you should not be influenced by whales, just keep investing in good projects and you will be rewarded.

Consider this as a theory.

If whales bought 10 bitcoin and decided to sell it at half of the price when it's bought just to avoid further loss, do you think it could affect the price market? yes it will. A lot of availability in the market means that BTC is less in demand.

If users would be more patient and hodl their crypto, the prices might raise up as availability in the market is limited.

So, do whale predict or determine the market price? No. but they could greatly influence it.

As such noone can control the market. What they do is create rumours that results in panic selling.

I don't think that i should control the market daily but sure that I want to be aware of what happens there as i want to succeed. if not following trends you won't be able to succeed as a trader

According to our personal judgment, the whitewashed market is the ones who use a lot of bitcoin and the trading floors work together to make market prices and our job is to find a way to follow them to make a profit. profit.  :)

I think if whales have almost half of the total supply of bitcoin it is very possible they can control the market. but seeing the total bitcoin users reach tens of millions of users. I think it will be difficult for whales to control the bitcoin market. unless he controls the altcoin market

The manipulative increase in the value of the cryptocurrency is an artificial impact on its rate. The goal of the manipulators is to buy cryptocurrencies at the lowest possible price and sell them at the highest possible price. The difference between ordinary speculators and manipulators is that the former predict the price of an asset, while the latter set it themselves.

the whole world in principle is controlled by people with large wallets! on this course the crypto market is no exception! Large wallets can greatly affect the supply and demand! thereby lower or increase the price of bitcoin! when the whole world will use crypto coins and there will be a very big capitalization, it will be very difficult for these people to manipulate the crypto market!

The whales are big enough to manipulate the market but I think their power is exaggerated, yes they are powerful but many of the movements are caused by speculators and not the whales, after all most whales are long term holders and many of them are not moving their coins or doing anything with them in fact we could say they are helping bitcoin by keeping the supply of coins in the market low.

I believe that there are a lot of people who control the market and at the moment they throw people off it so keep the guys )

maybe it's just a myth in my opinion no one can control the price or value of the future crypto currency if there is only a prediction to believe it I think something is not necessary

Yes! very large players in the sale and purchase do not create weak market fluctuations, which can not play into their hands. The price of cryptocurrencies depends only on demand, hence the conclusion-the big ones manipulate their operations.

I believe in whales however I think they are more of the government/banker types vs single wealthy individuals.  The governments of the world want crypto and it appears they are trying to control it now.  I believe this dip we are experiencing is due to their manipulation.  I believe the pump was as well. 

Yes, manipulated. The processes are similar to what we see in stock trading. Insights, tips-the inevitable evil (and for someone good).

Nobody has full control of the market. But it can be manipulated. Whales have the capability of manipulating the market because of their huge holdings or their ability to buy tons of currencies. When these whales buy, a significant price increase usually happens. Same thing when they sell, a price drop will occur. This is a strategy these "market experts" have been doing for so long now that it seems they are actually controlling the market. This only shows that whales do have a great impact in the sea of cryptocurrencies.

Actually what is said as a pope is an investor who has a large amount in bitcoin, if in forex this is said to be a banker. Where when there are investors who have large amounts will greatly affect the movement of the market and that has become the reality that happened, in the life of trading.

if in my opinion, the price of bitcoin falls because there are several possibilities, bro
1. there is a large whale playing on bitcoin so they want to make a pr2. they deliberately tried to act out the price of the Bitcon. With the aim that the price of bitcoin will rise again as at the end of 2017 ..ofit by doing things that make bitcoin prices fall ..

I hard to call it a myth because whales have a lot resources and big capital. Price in market determined by supply and demand and if whales hold many bitcoin in their wallet, its could happen they can dictate price in market

They really control the market, the panic selling scenario is just covering them up so the people think that they are not manipulating the market but the reality is, before the panic selling happens, they are the one who is engaging and trying to manipulate the market depending on their preferences and that is when the legit investors reacts lately to what they did by panic selling.

It is a myth, while in theory they could exercise a great control over the market you will see that many whales have not moved their coins for years and many of them are only doing one thing and that is to accumulate even more coins, they are not selling so the crash in the market was not caused by the whales the crash was caused by the forces of the market.

To show evidence is very difficult, but they are very neat in manipulating prices in the crypto market, they lower the price and spread the news about FUDS with the aim of creating panic among investors so that investors make panic sales, after the price drops down due to the large number of sales then the whale returned to buy it at a cheap price to sell at an expensive price.

Yes, whales are really there.
They are observing the market and if they see
an opportunity to control the market, they can and they will.
Mostly, this whales can manipulate and influence the market.
So, this definitely proved that they are not a myth and the word "myth"
is too absurd.

We can deny the fact that the whales have strong influence on the market due to they smartness and access to huge found which can be use to easily carry out pump and dump activities, and also their take advantage of the market volatility to carry out they evil activities which normally affect the price.

The bitcoin holders have an edge in the market and they have some control because they have many of the currencies so they have a control over the demand and supply forces and they have some control over crypto market and being the large amount holders they have choice of the growth.

they can't control the market, basically no one can, but they influence people a lot.

Newcomers to the cryptocurrency market still suspect that whales are controlling the crypto market. However, the volatility of the market depends on many factors.

that's the point, there are too many person who have a lot of average of coin that can control in the market.  They are rich from crypto and they become richer because of opportunity they have.  I think there are some whales that composed of too many members that's why there are same address.

The whales who existed became incredibly rich. I can imagine that at some point they lost interest in the market and turned their attention to enjoying their lives.
To me the crypto market has the same laws like as other market, only here everything works much faster.

That is not a myth, all of cryptocurrencies are only new currency so the liquidity very low, that's why if there is an investors who made 1000 btc of transactions in the exchange then it's enough to influence bitcoin price. So that's is true

I think there is a lot of debate for this, but if the market grows, there will certainly be a lot of popes involved. as well as the decline that occurred. Market patterns are very difficult to learn at this time, because after the accident there are many cases that occur every month. I think this requires precision and analysis

Bitcoin is a volatile crypto currency and thus is a kind of investment too so it’s va keeps on flactuation with the market and varies according to market demand and supply and thus there are many factors that controls the valuations of bitcoin like the higher the number of investors and higher the amount they are investing in bitcoin, higher will be the demand and in return higher will be the valuation and vice versa so whales are the investors who invest a huge amount in bitcoin so obviously whales will affect the valuation of bitcoin and in positive way if they are investing a huge amount in bitcoin.

I think that the market is really controlled by whales. Bitcoin is not a valuable paper, so it is legal for a group of bitcoin owners to agree and redeem the crypto currency in order to raise the market and then sell it immediately.

Before i am thinking that the whales are the mere reason why market price will be having huge fluctuations on market price movements however nowadays it seems not true because it takes more than a whale to manipulate market price for the crypto market.

Of course Yes! Large investors are big enough to manipulate the cryptocurrency market. They also manipulate the conventional currency market. That's how they make money. It always has been and will be, alas...

Even their influence is exaggerated, many people try to blame all the problems to the whales not understanding that most of the time the whales are not moving at all, they are just watching the market or buying coins so the ones that are completely responsible for what was being done it's happening are the traders and the speculators that as soon as the market moves sell all their coins.

I did not rule out the possibility that the change in the price of bitcoin was influenced by the whales, I also believe that it sometimes happens, but not always the price is controlled by the whales, price changes are also influenced by many things, considering we have very large users of course any influence can occur

There have been a few times where it has been demonstrated that whales have controlled the market, usually it is not intentional market manipulation, but just due to either a huge buy in, or sell out. For example there are a bunch of large known wallets which people track, if these wallets suddenly start moving large amounts of BTC around it is clear that the amount of BTC available increases, hence the average cost decreases.

Market manipulation has existed for years. It was not invented by the media or something. Every market has significant players who can influence the market due to the amounts they have. So the phenomenon is quite old and well-known, but they do not call themselves 'whales,' of course. The name was coined by the media, I believe, but that does not mean the media have invented them. The media might have invented their name, i.e. 'whales,' but that's it.

There is already a lot of evidence that leads there, starting from the purchase of very large bitcoin, which is enough to move the market price, as said by gabmen. Not a few of them who are involved as disseminators of FUD whose purpose is solely only to cause panic both through Infotainment media and the internet. Exchange, I'm very sure they have great potential as one of the popes for example tether.

there may really be whales out there.
and they could indeed create an effect in the market price.
but i don't it is enough to say that they can control the market because of that.
what truly worries me is when people with lesser confidence see this sway in price and will begin fearing of losing their assets.
which will then result for them to sell what they have, which will in turn further decrease the market price....

The crypto market is affected by many factors at a point in time. Most of the leaps and fall in prices come with obvious reasons such as the news of a big company integrating Bitcoin into their payment systems or a country adopting and legalizing Bitcoin. In some events, there is fall when an exchange site is hacked.
However, there are times when the market suddenly rises or falls without an reason or news. During these times, it becomes obvious that the whales who have great influence are on the market manipulating it to gain much profit.

They can do what they want in the market because they have lot of money. They can pick a coin and pump it and then dump it whenever they want. They can manipulate the market if they want to.

I don't think that whales have such big influence as mayn believe. They are given too much power that they actualy don't have.
In certain way they might make impact on price but this is not so significant that might look at the first glance.

Yeah, in a way whales always manipulate the market no matter what they do, if they try to sell their coins this is going to decrease the price of bitcoin not only because of the increase in the supply but because people see this as a sign that people are losing confidence in bitcoin, but if they decide to hold their coins they also have a huge effect on the market since that decreases the supply and makes the price to go up.

I also don't believe 100% if whales are in control of the market. if it really does control, why don't they control it from the beginning or a few years after bitcoin is created? maybe you will say "because this is the right time, because the price of bitcoin is expensive". In my opinion, if it is whales aiming for one profit, regardless of price, provided they have made a profit, they will do it. more realistically the cause of bitcoin falls is, the decrease in demands on bitcoin and investors who actually withdraw their investment.

Of course, to exclude such a possibility is not necessary, but it seems to me that it is unlikely and at the moment looks like another conspiracy theory.

This is my understanding of it as well. Basically once an entity has a large amount of money they can now be an "influencer".

From there it is all strategy.

This is not a myth at all. People with huge investment in bitcoin can alter the price if they make significantly large sums of bitcoin. Aside this there are groups of investors who pump and dump coins to benefit themselves.

They may not be a conclusive evidence on whales controlling the market but I believe they do. This is coming from an economic point of view, by driving supply and demand you will be able to control market price.

There are actually whales that control the market. A whale is anyone that has a very large quantity of bitcoin. If some of them want to crash the price, they can simply dump large quantity and vice versa.

The concept of crypto whales is never a myth but a symbolic representation of personalities in crypto with large influence. Crypto is all about influence which can cause an increase in demand of a particular coin - increase in value of the coin. If an individual is able to cause this movement, then the person is seen as a crypto whale.

A similar picture can be observed in every second market, where there is speculative trade.  So there is a kind of whale almost everywhere.
 It's really true that some investors control a disproportionately large share of most of the currency.  But owning so many assets, it's not the same as controlling their price.  A person who owns the lion's share of an asset can be a billionaire, but only on a laptop screen, and all because he simply has no one to sell his tokens.

It is difficult to say for sure. However, I think that the market is being manipulated, because the market often moves very unpredictably. It reacts to the news not as I expect.

they do not control the market, they trade and earn on it. big money requires control, so it's a consequence, not a cause

it's just basic economic laws, market forces: demand and supply, check how transactions go, what atmosphere in media is and match it with price changes, if we can see big transactions together with strong pr then it must be whales

They don't necessarily control the market. They just have a big impact over it when they do transactions.any change, no matter how small or big it is it will have an impact over the market.

I believe that the pope controls the market because their bitcoin ownership is very large, but its nature is not permanent. Because these whales are investors who are pursuing profits by shaking the market to obey their wishes. After making a profit, the pope will be silent waiting for the opportunity.

I believe that the whales truly control the market. The price of bitcoin is based on the principle of demand and supply. Once the whales decide to dump their coins, it tends to increase the supply of the coin and cause a decrease in the value of the coin. Since the whales hold relatively higher percentage of the coin, their dump have a significant effect on the price.

Maybe whales really control the market but not enterily because not just whales hold the crypto. The crypto community is huge and many people in it. So, if we hold the bitcoin or altcoin the whales can not control the market. cmiiw

Well, whales may have control over the market up to some extent but not the entire one as the crypto market is quite massive and is still developing. However, they can just impact the market in some way or the other but cannot truly possess the control over it...

I always believe that the market is controlled by manipulators who are the biggest bitcoiners. And i'm sure that there is no myth in this market, everything is arranged

there is always manipulation especially at this time, the possibility of the role of the pope in a situation that tends to decline. but I think the market always presents choices in trading, that's why you must really have the knowledge.

As has been pointed out, if they dump a load of coins into  the market, be they Bitcoin Ether or any other coin then the price will drop and that is counter productive. What they may do is spread false information to either increase the value or decrease the value, in order to buy more coin cheaper and sell at a better margin.

The Pope does control the market, because they have a lot of money to pump, they always stalk the market, and try to cause panic so they can make a big profit. This is not a myth for me, but it is something that really happened in the crypto market to date.

Whales that has billions of money definitely can control the market plus creating fud to scared new investors and create panic sell. I can say yes they can do chaos to cryptos if they wanted. The rich getting rich and the poor take a hit.

Thats right, they don't control it fully but what they do like their speculations, their actions, their suggestions, it will have a big
impact on the market, see them as influencers and also have a large amount of capital in this market

Yes they can manipulate and control the market easily if they have a lot of money and a lot of tokens they hodl there is no need for evidence you can check different tokens who are only pump and dump that is the workings of the manipulation of whales and not only in crypto world because you can also see some manipulation in the market in our economy like hoarding and different things so we can say that the manipulation are true.

I think they do considering how much a huge sell off affect the price of a coin. A high sell order will significantly affect the market.

Whales by definition are people who hold ridiculously large amounts of cryptos. They hold amounts big enough to control the market. For all we know, a single “whale” could have caused the crash in the market and reverse it the next month. As for average Joes like us, all we could do is hold and refrain from panic selling. Mysterious? yes, for they could always hide their identity. Evidence? no need for that, just logic and common sense.

I think they are called whales just because they have the power to buy bitcoins in such a huge amount like for
example a person or people who have worth of $500million or even billion dollars just to buy bitcons. That amount of money can really make the price change. Like for instance that happened last year which they accused mt.gox who sold a $400million worth of bitcoins caused the price fall.

The crypto market attracts people with anonymity, lack of control, volatility and decentralization! All these qualities allow those who have a lot of coins to influence the price of a single coin, while remaining incognito. And those with few coins can use the price change to get rich!

There are whales who control the crypto market.There is not seen trend of fluctuating price but it happens when a group of whale inject or withdraw the investment.
To know the activities of the whales must study the past history of charts of coins it will help to take rational decisions.

As we know that the price of a coin changes depending on what transactions are made with it. There are large investors in the market who have a huge number of bitcoins and they can influence the exchange rate in some way. It's quite logical, I think. Cryptocurrencies are decentralized and we manage it ourselves, there is no body that would control it.

It is not a myth, but real, whales do control the cryptocurrency market, I believe strongly that the long bearish market we have been experiencing since the year began, can also be link to the powers of the whales, If the whale move a token or dump a price on the market, since they hold a large share, they can decide to reduce the price of a token at a particular time, for there personal gain.

Not a myth or a figment. Given that bitcoin which is not authorized by government legal entities, has made it vulnerable to manipulation by a group of big whales. Large whales are more camouflage they can be behind anyone, for example CBOE, exchange sites or companies, etc.

All types of investments, the rule is: whales always manipulate the markets and it is a true in the crypto market too

No, They don't control the crypto market but it is not a myth too. Whales control the crypto market for a short time, they can't control the whole crypto market for a long time. If whales can control it then we must say cryptocurrency can be controlled? Whales chose some exact exchanges and exact coin to control the price.

There are lot of times where Bitcoin and other altcoins where accused of price manipulation and though there are no concrete evidence, it seems that this is really happening specially whales have lot of funds and when they sell or buy it really affect the price movement.

Big investors do have a larger control in the market because of the volume . If some one has say 10k btc and started to sell then it is expected that market will come down and not rise suddenly. Just if group of large investors come together and started to dump it then price and demand will get effected

The whales is possible to control the market, but i guess it is not easy as we imagine.
Even if they have many coins in their wallets, they need to using the wallet in every exchange to control the market.
You know there are many exchanges with a great volume in the market, it will be difficult to control all.

I am not sure about this, but my feeling says they have controlled the market and some of them still hold a large number of many coins. I think this is why that the market sometimes can increase too higher or decrease too deep because some people or some group moves the price to that range of price. But still, we don't know the truth, and we can only guess in many times.

I think it's true. there is a whale who controls buy and sell cryptocurrencies market price. indeed they does not have many coins as a market controller but I assume that those who have large funds work together in creating market price like they want. try to imagine if their large funds join and work together in transactions. I think that is very possible.

I think whales have some control over the market but they're not omnipotent. They may have some impact on the price, but managing the market  - it sounds like a fairy tale. IMHO

These whales or big time investors may not control the cryptocurrency market but they easily manipulates prices to their preferred price in anytime they want. But there is still no sufficient evidences if these so-called whales can turn market or a coin into a bullish and bearish state. If majority of the investors moves to buy coins simultaneously, the market would surely go up even if the whales want it the other way.

The influence of whales is very significant in the market; this is noticeable even to a new person in the crypto world, as large coin holders have collapsed the market making transactions between their accounts.

Manipulate or influence is what we can describe about whales. They intimidated newbie traders by posting large sell orders, causing them to panic. Of course we don't have sufficient proof because every address doesn't have a name so we don't know we this whales are. But I certainly believed that they really exist.

whales are the most bitcoin or crypto holders and there they have the freedom to play market prices especially when they are in groups to create havoc on the market. but the market is indeed supposed to be dynamic in accordance with the rules of supply and demand

For me they can not control it but they can easily influence the market for the transactions they will make and for sure if they all cooperate they can nurture the price for a short period of time, that's what I know. Whales are the large investors so just cooperate with them and hold your coins.

In a world of investments whale has the power to control the market but in a world of decentralised crypto world whale is just a myth although he can manipulate the market for very short period of time and for the bitcoin the miners has the greater control of the market.

The question is who are the whales? Whales in crypto are the renowned and expert people in crypto with much influence. These whales have large audience who follow every step they take. Remember, crypto is strongly affected by the attitude of people towards it on the market. Once the whales influence their audience or followers to act in a certain way towards the market, the market moves in such direction.

Simple and its reality, who holds the large numbers of coins inside their wallet can make sudden movement, and if ever a group has been formed to
do the market shake they can easily do that and make it according to whatever directions they've desired to go, no one can deny that even in the
stock market there's also whales who can drive the assets to its downfall or certain bull run.

I think they really do but they don't control it they create a certain move and that move could start the pump or dump of the market,
So for me they could really control the market and we have seen it before .

We can't say for sure because no whale admits that they are actually manipulating the market. But we can infer from the facts and either believe it or not. I think the market is being manipulated.

Just what I am thinking. Anything that has market can be manipulated by large sums of it. Say it's gold, stocks or fiat. It all can be manipulated.

If I would think ,whales maybe or might has the power to control the market, it sometimes be a myth but there could be possibility that whales might do or not do it ,it will depends on how this big capitalists has the influence to control the market, so the possibility will be true or not.

Having a lot of assets and money could possibly be able to control the market, which is possible indeed, no doubt about it. Whales are important in the market because in my opinion they can dictate a possible market scenario  that can fully benefits the crypto market that can make it stable.

- I feel that if whales wanted the market to go the other way, investors would not be able to resist because whales are a group of big men in the market, their finances are probably extremely large, they coordinate while investors are uncoordinated and trust each other. And with such advantages, they want the market to rise or fall a very easy thing, they are really kings and control the market, maybe you or many other people do not believe in this and feel they have no such great power but everything is true, no bad news or random or coincident, all are arranged by the whale

It is the truth. When a small group of people concentrates the biggest part of all the existing Bitcoins for today, they can easily control the market and the crypto prices.

This can't be myth nor wrong. In every market, there are whales and the elephants that influence the market against the will and control of the masses. It's so in betting business, in forex trading (though very minimal that it can be proven), in the casino businesses and so on. So definitely, the bitcoin market isn't different at all and since it hasn't been regulated by a very strong body like government and its officials, the possibility of it being manipulated is high

Yes it's true that people with huge amounts of Bitcoin can create certain market movements when they sell or buy the coin.

People with a huge amount of Bitcoin could create a sudden move from the market .
And once the people notice it that could create a chain reaction .
Investor could follow their move and it would be a huge impact for the market.

I think that this seems to be true. Those corporations or individuals who have a lot of Bitcoin and ethireum - can really influence and control the market. To do this, they do not need to make great efforts because they have large sums of money at their disposal.

I don't think so, the whales can't control the market because the market is too big to control, but the whales can manipulate the market to get the profit they want.

Control is not the right word to described it "manipulate" is the best term for it. As whales have so many coins they do a single transaction in one wallet too manipulate the price of the coins. Then normal trader will join the flow and whales will keep it up until he reached the certain price they want. You can literally imagine this.

The whales does not control the bitcoin market what control the market is the force of demand and supply and what the whales does is to try to spread negative news in other to influence the decision of the users to rush into panic and rush into selling off their hoding and at the end lead to market crash.

Whales can't control Bitcoin but manipulate the price with Rumour to cause panic and that might serve as opportunity for them to acquire more. I believe it will get to a stage where Circulating supply

Maybe there is. But then again - it's just a theory, as is the theory that the world is ruled by several influential families. The market is manipulated-and quite easily! Plus, there are a lot of bots trading on crypto-currency exchanges, arbitrage bots, which can be programmed to push the price in one direction or another. There may be a certain collusion, but it does not always work! Market factors which arise subsequently, error, panic sales, or HYIPs which give a snapshot of growth is impossible to predict, and they emerge naturally.

I dont think it just a theory. You can see over in bitcointalk peoples are making their pump group gathering their army to pump the coins up. Choose some low market coin and pump it up and dump it are not that hard right. If it bitcoin they need like billion to pump it up and that not impossible also. So the rich are getting rich the poor will suffer from the act. It will the same forever.

from my point of view i suggest that while bitcoin whales may be big and somewhat mysterious,they have less of an impact on market prices that many people believe.

not just a talk (Myth) price movements of cryptocurrencies are indeed manipulated by the Whales group, the goal is to attract investors, giving them profits and making markets like life...maybe what I say is not all true, it's just that it's based on what's happening in the cryptocurrency market... CMIIW

I wouldn't say they control the market but rather market sentiment is driven in large due to the "herding mentality". These trends can be initiated by news, alternative media platforms or whales but it’s the accumulative traders, investors, speculators, trading bots etc that follow through with that particular trend.