Bitcoin Forum

Friends, what do you think about the whales of the crypto market, it’s no secret that the main holders influence the situation sometimes very strongly, maybe I don’t understand something, so I wanted to ask you: isn't it time to support crypto and do something? Who can benefit from a catastrophic market decline? And of course, how do you think who or what can affect the current situation?

The one who are holding can manipulate this decentralized market and as our knowledge they are doing this always and make more benfits from the crypto market.BUt its not going to be last forever since when the new people coming to the crypto investments everyday so the investments holding from the whales will get liquidated to the new holders and it will gradually starts to decrease from the huge manipulation range.So whales are getting benefits for now but its will be decreasing when the adoption increases.

Whales have certain influence on the market but to my opinion not so significant as many think. They still don't have such big power to manipulate the market fully and to cause such big dump as we are facing now.
And who benefits from current situation? I think everyone who has enough funds to buy more coins now. Maybe it's not looking so right now but Bitcoin will recover and they will make the profit.

When the market drops, the whales are accountable of it. But as you've said, large holders are influencing the market so if the market starts to recover, they get no credit right?

What should we do now? stay focus in the market and don't ever try to panic. In that case, you are adding to the people that are lessening the supply of bitcoin in the circulation. What can affect the market right now? I guess you mean what should the market must have to make it stable again. Well, more money comes in - the higher demand.

There are holder whales and non-holder whales. I knew a whale who owns tens of thousands of BTC, but a non-holder, she sold all the BTC around $14000. And I believe there are many of those non-holder whale and caused bad for the market.

I guess whales currently don't have a big influence on the market. maybe at this time we can use it to be able to buy lots of coins at cheap prices. moments like this can provide benefits but still have to be careful because current prices continue to decline, need a good analysis so that we can win.

whales will continue to be a player in the crypto market because it benefits them with manipulations that can have a major influence in decreasing or increasing prices that are temporary in my opinion, when they reduce prices they want to buy more, and vice versa when they provoke prices to go up then they will sell more. we just need to know the pattern they want to make and follow it if they want to profit in the crypto market

the role of whales is very influential for trade in the market which can provide short price speculation, pause has various networks, both media and government

Like I always maintained, whales would only set the motion for action its the entries market participants that ensure it happens through their actions following such direction set. A whale can decide to buy at an higher rate thereby set the tone for a marginal increase in the price of say btc but the moment the generality of the market just ignore such moves, in no distant time, the price goes back to its initial position before the earlier move but would not be the case should everybody start buying. The same thing happens in a case where there is a downward trend in price. The point is, it mostly determined by the vast people operating in the market than the whales.

I think whales are are buying up everything and holding their favourite coins or tokens in their favourite projects

They play a long game and are usually very smart strategists who have inside knowledge on things

First, everyone can still benefit from the worsening market condition, whales, casual traders like you and me can still profit. But the thing with whales is that they have deep pockets that's why we always said that they can manipulate the market in many ways. This is a game so you better be prepare and you always need to used you common sense as well, just saying.

From my point of view regardless if your a whale or not you cannot control the market if cryptomafiaindex starts moving and starts showing fake volumes and prices and when i say about cryptomafiaindex i mean is those exchanges and price indexing like coinmarketcap where they manipulate the price to their will to make a bullish or bearish trend.

Most participants in these markets are mindless goons looking for a direction to latch on to and lack the gumption, or balls, to do it themselves. Whales are the ones who provide that direction for them.

What we perceive as whales may have less actual financial fire power than the saps who back up the sudden moves initiated by them with a strong push of their own that reinforces the original and more modest one.

And these whales do exist no matter what but as you said these would really have rankings when it comes to financial capability or capacity. Some would really just act like a trigger then
the others will do the rest. I heavily agree that they are the ones who do provide that direction so for us small traders its either we would able to took advantage on such movement or would easily be
eaten up along the way.

This is not due to crypto markets but it is an usual practice in every markets. Whales are existing everywhere and we cannot do anything about that. We can be sure about few interesting aspects of trading which are based on fundamental of markets.

1. Whales will lose their power when marketcap of an asset will be very big. Yes, whales may not able to overcome against many small investors once we are having bitcoin prices into moon.

2. Fundamentals of technical analysis will be the final winner regardless of how severe manipulations are being taking place.

As of now, we cannot do anything about whales dominance into bitcoin markets as bitcoin mining was designed in such a way it gives more number of bitcoins to early miners and adopters. So, we need to bear all the pain of manipulation of bitcoin prices until bitcoin prices will be hitting moon.

Perhaps we can call them the "starters", for shaking the market in either direction. And one the whale starts something, those mindless goons follow the lead and then all hell breaks loose.


Maybe if someone is new in the market, they will be really intimidated by this so called whales but the sooner they understand how everything works the less influenced they can have in this market.

Yes you are right in the starting stage I love you had struggles and some losses it will be not game of for our life time it will death in the starting stage then with our experience we can do lots of works on earnings.

Anyone can benefit from the market as long they have been Hodling the coin before then. It doesn’t benefit only the whales, you yourself can still buy when the market price is down and wait for it to go up again. That’s what the whales do, they buy coins when the price is declining and then pump it, if you buy at the same time you will follow to enjoy the profit that comes later on.

I agreed with you, in addition, the more weak hand holders do panic selling the whales will make more smile by then. So, the only real crypto enthusiast will understand the market movement they can hold as long as they didn't see their profit. The best choice is to hold rather than cutting a loose that we all know that it is really won't help the market.

Whales can influence the market since they are holding much coins that is enough to make the price move. Let’s accept it and know how to ride with them. This already happen when a big holders of bitcoin sold his holdings and support bch, the market crash that time and until now we are still down.

Whales who have sold bitcoin at high prices like 14000$ does not mean that they are out of business. They will buy back again at less price and then again sell at a higher price. This cycle goes on and whales are becoming more rich every day. 150 Billion dollar market is easily to control if two or three whales combine and manipulate the market.

The market benefits everyone, you’re just complaining because you’re losing money due to the decline in price. If the market was increasing in price , I’m very sure that you will be happy that the whales pumped the price. So it benefits everyone, depending on when you invested, there are bad times, so as there are good times too.

The whales, bears and bulls. They are the ones who doesnt influence but rather makes a game play in the market. They are the ones who we think is manipulating the market. There are still no concrete evidence but our hunch is strong. The way the market moves makes us think that there are really some entity that manipulates it and thats the one mentioned above.

Have you seen any whales yet? Have you seen any whales manipulating the price? because until today people continue to blame the supposed whales for the falls or price increases?

let's imagine that there are these whales that are dedicated to manipulate the price, these whales will must have a crystal ball to predict the price and at the same time to communicate with each other.


What was the number of countries that legalized bitcoin last year? What was the number of countries that legalized bitcoin in the last 5 years?

Yes, we need very influential people in politics around the world. we need people that capable of influence many governments to agree to legalize bitcoin in their countries and allow people to use bitcoin as a means of payment in their country

Why not ask yourself the question and then think about the honest answers? Every problem is easily blamed on others, but nobody blamed the whales when they were enjoying the bull run right? Just like nobody blamed the forkers and the bounty hunters until the bulls ran off and left us with the bears.

It's a fair question, why not support crypto and do something? Instead of just buying and selling on profit? But easier said than done right?

The issue of whales influencing the market have been a very controversial issue especially at this time when the price is down. Everyone believes that the whales lower the price so that they can accumulate more at a cheaper price. Actually, I think the whales doesn't have much impact on the market as we all think they do.

But you cannot ignore that whales are the core reasons why we are here at the current levels of bitcoin markets. I'm not finding wales was contributing in the rising market because it was about the impact of fiats hence it is all about institutional investors who are known for big amount of fiats and not about their crypto holding. But, there are possibilities like whales who did dumps at peak times might be having big amount of fiats and joining in the market when market was rising , still we do consider them as institutional people not as whales.

Worldwide, most people are not having enough opportunities to support crypto in terms of using it but all they can do is, buying and then holding. I do believe holding must be the big help for cryptos, which is the only thing we can do these days. But, we cannot stop people who are all making profits by continuous buying and selling because they are the market mover and we must need them all the times.

Of course, whales are present on the market. They managed in 2016-2017 to buy a huge number of bitcoins and other cryptocurrencies at low prices,then very skillfully warmed the interest and demand for these cryptocurrencies and earned very good money. They sold these cryptocurrencies to many newcomers to the market. Now that most of the newcomers have left the market, they are again buying cryptocurrency at low prices.

They are not whales just for the name, their actions can cause waves, waves can make bigger waves. They are using market in their own advantage, newcomers suffer from that a lot. It`s a game, fresh blood is coming all the time, newcomers are learning fast and there is always some balance on the market.
Nobody stops anyone to join this game and try to earn/eat just by fallowing whales, it`s fun and it`s simple to join, crypto is attractive cause of that.

The market players used to dump on us when it was just their thing alone, but don't you think that they already offloaded their coins to turn back to Fiat and wait for a new and better opportunity? So, what did whales basically do? They probably backed off dumping their coins on us from the level of 20k till 15k-10k.



Without support, crypto wouldn't even have continued to stand above 100 bn market cap, the way it was slipping, I thought we're losing complete hold on it and that it would end up real bad just the way critics were speaking for it.


Everyone. Yes, everyone due to the fact that Futures allow you to earn more through leverage trading than you could earn on a "buy low, sell high" pattern.


We* are at the center of either holding or dumping our coins to quickly end this innovative era that began a decade ago, and I believe that by putting complete focus and extra weight on the word "whales", you're underestimating those small fishes or groups of small-mid level investors who are almost equally capable of shaking off the markets if they decide to.

* - Here, "WE" are those who thought differently and took it as an opportunity rather than expressing sorrow. You can find more about this in my thread: Wasn't this crypto-crash (course) needed? (https://bitcointalk.org/index.php?topic=5089713.msg48892820#msg48892820)

If you buy crypto when the price is down to the bottom and hodl, you will benefit when the price starts to go up. There is nothing like who it benefits most cause it benefits just everyone. And whales are the ones who influence the market more than ordinary investors, cause they have the biggest the share and they invest the biggest amounts to push the market up.

That's right, whales have a lot of options for investing and can easily influence the beginning of market changes, but even so the pope won't mean too much if the small holders don't move to follow the pope.

This is exactly what they do - start a sell-off and then buying once people started panicking.

not all people will panic because most of us are now get used to this market . thats why not all will loose alot but we can rather earn huge sums because of those whales  . sometime im thinking that what if whales will quit becuase they are loosing  more than what they earned from making such waves . if that happens , well i guess the market can become more stable right  ?  which is also for us and for the sake of crypto's reputation as well   .

We are already supporting crypto in the past years until now. The drastic decline is a good opportunity for anyone who want to accumulate a lot of cheap altcoins that are in the top in the coinmarketcap. Whales will always be whales but I know that even them cannot control the negative side of the market condition.

 current whales are going to lose their power if/when institutions get in the game. bakkt/ice is going to be a game changer if it works. whales right now can manipulate retail investors with ease. I often think of whales as being the big bully in grade school, but when they go to high school(wall street) there are many other bullies that are as big or bigger than them. so the playing field gets evened out. its just a matter of time.

Those of us that don’t have millions and billions to invest can’t really influence the market, unless there happens to be a lot of people buying the market at the same time, then you will see the price going the up direction. As for the whales, they are the ones that can send the price going up crashing, and they are the main investors here cause they hold the bigger share, so they influence it.

I believe that everyone has a way they are contributing to the market, although we don’t have a lot of money to invest, but we still influence the market in one way or the other by hodling our funds every time no matter what’s happening. Assuming everyone decides to withdraw their funds, you will see that the market will collapse immediately. So the little amount we invest and hold is what keeps the market running.

The smaller the market, the more influence and less risk of whales have. Yet unless we have some global regulation standard, many institutions will either opt out or even make problems for you as retail.

This is a mistake, whales have to face risks as well on smaller markets, and the easiest way to see that is with an example, if you are a whale of a small coin that is still in development you could feel very strong in your position since you can manipulate the market as you want, but if for some reason the price of the coin in which you are a whale begins to crash it is going to be impossible for you to get out of that coin without crashing the price even further, so it is possible you could become a bag holder.

The lack of understanding regarding the bitcoin network on this thread makes my brain hurt.

The 2016 bull run made whales both crypto and fiat filthy stinking rich. Not Lambo rich.. private island, political influence rich. The couple hundred people who have whatever 40+% of all circulating bitcoins were able to sell peanuts of their bags and make...more millions.

Early adopters in the btc community were already millionaires with the run to $100 or before. Any idealist who was smart enough to stack btc in the cents, single digit dollars, or CPU mining that didn't cash out at 2-500% profits are your whales. This group of people saw the big picture and now everyone else is along for the ride. They run these markets. Now they've taken profits from 20k down and continue to do so. These whales are intentionally pressuring the price of btc down and accumulating their coins back plus more from investors who only jumped into crypto during the bull run of 2016 just like the one before that and the one before that and the one before that.

You can't stop them but when they are finished splashing along they will have more BTC and fiat than ever before and bitcoin will skyrocket again with no resistance and we'll hear the guy who cuts the lawn talking about how MSNBC says buying Ripple at $22 is a great investment opportunity.  ::)  

Look at some of the top addresses and see when the last bitcoin moved from those wallets. They haven't. Sure some are lost forever but you'd be a fool to think that's the majority. They're literally controlling the markets using small portions of their crypto assets while some of these high rollers don't even need to touch their btc to have their hand on the wheel using just their BCH and fiat.

Buy bitcoin when you can and whatever you do, don't be on the sidelines with Tether or fiat when this next bull run ensues.

It is not a new thing as we know ,we have seen their influence in the past but now major manipulation are mostly done by big institution or mining company,I have not seen recently and big whale address moved so they probably are not manipulating now ,may be they are doing through sub addresses but still we have not seen major holder taking action in past few months.there can also be case where fud is created by chart reader to form desired pattern.

The whales exist in most of the market and in stocks and commodities, if you trade against them you are going to have serious loses on your investments.  Therefore the whales keep influencing the market and if you really want to makes profits from the cryptocurrencies market you have to findout what the whales are going and invest along the way.

Of course, the whales, those who have huge funds to catch the dump will benefit from this. Apparently, they manipulate the market to their advantage, so that they can accumulate more and make good profit during turnout. So, we must also think and do as the whales do. We must join hand-in-hand to hodl. We've been enduring the painful hits of this market plunge for a long time now. I guess, it's time that we also benefit from it.