Bitcoin Forum

According to BlockChain24.co (https://www.blockchain24.co/all-bitcoin-in-hands-of-whales/?utm_source=forum&utm_medium=referral), over the past nine months, the crypto whales have bought 450,000 BTC. You think is it any danger in whales holding so significant amount of Bitcoins?

Not sure if the information on that website is legitimate, but to answer your question:
Of course there is. Not sure if you can count this as "danger", but whales can significantly move markets by simply dumping their BTC; and there's nothing we can really do about that. This is how open markets work, even outside of the cryptocurrency space. As time goes on though and assuming market liquidity increases in the future, it will significantly get harder and harder for them to move the markets.

Yes ofcourse ths does not apply only on bitcoin but on every assets and even goods in our real life market.Whales can easily bring down bitcoin to a blood bath by just them placing sell order after sell order after sell order,that move can really make regular bitcoin users like us but to sit down and watch it fall

They are the same as us that wants to earn profit from it. They bought 450,000  btc but within those 9 months, nothing really happened. You might think that they are manipulating the price, they can but they can't do it properly. Bitcoin is a decentralized crypto currency, there might be an effect on what are the whales are doing but I don't think we should worry about that now.

I think that the core information comes from here: https://diar.co/volume-3-issue-16 (at least I’ve seen a couple of articles on the matter tracing back to it as their source).

What it says is that the 450K BTCs correspond to the aggregate of new net addresses (difference vs previous period) that have a balance between 1K and 10K BTCs each, being this address increment measured and achieved over the past 9 months, and excluding exchange addresses. Their influence would depend on just how many distinct whales own those (and other large) addresses, as a large concentration of addresses per whale in this magnitude is likely significant.

You're welcome to buy all you like. I'm willing to guess you may not have the necessary money to keep up. Whales are a fact of life. At some point bigger whales turn up and eat them. At some point after that when the price is more stable real people turn up and slowly start to eat those whales with real demand.

They could and they could also use those huge amount to cause panic on the market just imagine dumping it all at once the market would surely collapse,
People FUD would spread around and the market would fall big time again but the question is what would happen next after they do it?
Would they come back again or would they just leave crypto for good ?
We couldn't know what would they do on that huge amount even if OP's information isn't accurate we all know that a whale could really do it.

Yes, there is danger that is if they will unite and took one single action and that is to sell their hoard in avalanche. However, it can also go the other direction and that is when they can decide to continually hold. In a bullish market, a dip due to a big sell can be a welcome development or a big advantage but that might not be the case if the market is bearish because it can dumped the market more. In other words, what they will do can be both good or bad depending on the market situation. We all live in an open market therefore anybody can be a "whale" or hold huge amount of bitcoin at his disposal. You have the money, you can buy any number of bitcoin you may wish.

It's an asset, that is acquired with cash, of course it would be largely in the hands of those with deeper pockets. Bitcoin improves transparency but can not bring equality.
Bitcoin can also favor even the small fishes in the sea and also work against the whales, unlike in the traditional financial system controlled by the people at the top

It is always dangerous for someone to hold enormous power. In this case, quantity of BTC is power since you can influence the flow of market. So the bottom line is not to panic sell when dump happens, don't let the whales grab your bitcoins for sale.

A billion USD can already influence the market though. Dumping the 450,000 BTC all at once will surprise a trader that is watching the charts. It is however very difficult to be on stealth when sending large amount of BTC to an exchange will alarm people who are monitoring the ledger. Before they can even dump the sneaky traders would have done it before them. I bet they will do this on DEX this time since they can hide identity still unlike on CEX.

Whales always did this, not big news
Instead of try to fight against whales, it's better to follow the trends and take advantage of whales movements

That's a huge amount and I guess that's enough for them to manipulate the market. However, I guess they're just like us who are aiming for the same thing. They also want the prices to go high and gain a good profit. It's either they would influence the market positively or negatively.

Whales are every part of the economy in every organizations, what are you going to do in this case, panic because we have some gaint companies in control of the market? the wealthy people are in control of the economy but the non wealthy people still manage to survive in their presence, there isn't anything you can do about this except to adjust to whatever comes out, bull or bear ;D
the whales has always hodl the large of btc but the small hodlers still survive.

when you hang around long enough you will realize that 90% of the things you read online is pure bullshit specially on news sites like the one you linked here that have low traffic and are filled with low quality articles while having lots of ads on them.
basically these people keep creating sites and fill them with click bait articles to earn pennies from the traffic.

as for whales in bitcoin, the whales are in any market. they are not evil incarnate out of the depth of hell! they are just people like you and i who are taking bigger risks and buying more bitcoin while we sit around and look at them become richer because of the higher risk they take.

I think no, in the market there are Strong Hands or Whales, they are those who practically plan, manage and execute their plans, whether to increase or decrease the price, within which, are the Bullish or the Bearish.

Normally we are now in an Accumulation Stage
, where the main thing is to eliminate the offer and accumulate bitcoins as much as possible, for investors this is the best stage to buy and hold until the bitcoin takes the bullish trend.

It is not bad that they have accumulated that amount of bitcoin, because if they manage to accumulate at least 70% of the bitcoins the price is ready to take its bulliss trend.

The only problem which can occur can be if they dump the coins but as they want to get more this will not happen and they will not dump it to make the price going down because aslo they will start lose.

They make some movements to pump and dump prices, this is obvious, but in a longterm if you have your strategy, it's not a big problem
Maybe if the person is desperate when see some dump, it's easy to lose money

Centralization of power is always dangerous! So if you look from this perspective, it is indeed dangerous! Because such kind of volume certainly gives a lot of power to the hand of few individuals who can control the market dynamics, if they are willing to do so!

However, none of us is sure about what is going to happen in reality. All we can do is speculate. So now that you know the denger, don't let this danger control your mind because you don't know what the future holds for you!

If whales have this amount of BTC then they can control the market. If they wanted to dump every BTC they have, then surely the market will go down right away. We must hope they won`t do any unpleasant thing that will get the market hopeless.

The wealthy will dominate every market and crypto is no different.  All the little guys can do is ride their waves and try to find out what way they are pushing the price before it becomes obvious.  There are even bots set up that detect large transfers of coins to exchanges.

There should be some form of threat that whales bring no matter what market they operate in. Knowing that they control a bulk of the market's share, it is easy for them to control the price at will if the moment is opportune and everyone is willing to play with them. Idk if that information from the site you referenced is true and verifiable, but the only truth I know is that there are times in which whales are to be commended and there are times that they should be avoided, simply due to the fact that they have lots of money.

This is an open market, everyone can buy how much he wants and we have too many exchanges, whales are part of every trading and market, we cannot stop them from manipulating the market, there are advantages and disadvantages but so far whales are helping to move the price forward.

That would be freaky.

That would be ludicrous. You don't get to that position by cooperating. You get there by fucking as many people as possible and leaving them for dead. If this mythical group had their collusion all set up then if there was any advantage to break from it and get one over on everyone else they're all going to do it.

If a certain whale is planning on selling his/her BTC stack, it would be very foolish to dump it all in one go, especially on one single exchange. There simply wouldn't be enough liquidity, and just after dumping on a decent number of buy offers, suddenly the bitcoins are being sold at half the price. The whale can simply sell slowly, in certain increments, to affect the market as less as possible.

in fact there must be panic in me but it's not too big, and I feel panicked for fear that someday the pope will sell all the bitcoins they have, it's not impossible that the market will go down.

This feature in the cryptocurrency markets is opposed to the decentralized ecosystem that they people want to make transactions at.
If there are whales then the network is centralized and not decentralized. Thus, it is something that worries me a lot, especially in the case where bitcoin tries to jump on a bull market.

It's true that some movement can be caused, but I really think people are overreacting when it comes to the power of 'whales'. For instance, the op is talking about 450k BTC. While it seems to be a lot, it's only 2.5% of the current total supply. Moreover, it's not like 1 person has control over this sum. It's a bunch of different investors with different motives and decisions. That is, of course, if the article is even telling the truth. The real power over the market is informational attacks, leading to chain reactions of panic selling. And it's something that we are a part of, and something that might stop happening often with time.
P.S. Op, referral links are not allowed on this forum, and yours seems to be a referral one.

Of course.  they always control the crypto market.  when whales sell their assets while the spread and market volume are low, the BTC market will fall drastically. 
and we must to worry about their decisions.  especially when they decided to sell high amounts of BTC.

it would be very bad if they decided to sell all of their bitcoins
450k BTC will greatly affect the price of cryptocurrency, not just the price of bitcoin but this will affect the prices of other altcoins
because bitcoin still dominates the cryptocurrency marketcap

I think that so far, there are always whales that hold the big numbers of Bitcoin volume. And it is normal enough because they will be always here. Sometimes, we are fearful of them but they can also be one of the ways for the normal condition of the market.
So, whether there are big whales holding a big amount of BTC or not, never put it in your fear forecast. Just make sure that your strategy is great and appropriate to this certain market conditions.

I think some people have come to realise that if you "store" Bitcoin in a hardware wallet, and then you sell that wallet, the transaction is completely untraceable and unrecorded. This is probably the new cash, and is a great way to move large sums across borders. you can expect to see more large and apparentlt dormant addresses in the future.

Yes, if they have held a significant amount of Bitcoin probably they can do controlling the price of the market. They can do pump and dump like what happen last yeat that bitcoin holds at $4k range price in the market. Whales can do more controlling the market if they have a huge amount of bitcoins hold. They have a strategy of how to play well the market or just maintain in the lower price.

It's actually indeed a lot. May not be that much when comparing it to the total supply of bitcoin(though 2.5% is still big), we're talking about the markets here. Exchanges. Not 100% of existing bitcoins are being traded, so there won't be enough liquidity for a 450k BTC dump to not crash the markets.

In this case i worried about that because if there is some of people who identified as a whales move huge amount of coins to the particular wallet people starting to worried because more likely those coins eventually will be dumped and regarding the whales some of people including me strongly believe whales have a power to manipulate the price because they have a lot of bitcoin in their hands but regarding bitcoin amount they have i think the whales have more than 450k btc

I think such a scenario is likely. Satoshi even claimed that one day Bitcoin will either be worth $1,000,000, or it will be worth $0. In our lifetimes, it will possibly reach at least one of those prices.

Of there are whales which sometimes manipulate the market an example is apple co-owner which sold thousands of his holding before the last market blood bath/correction.
If you're familiar which physics there's law which stated "that machine can never be 100% efficiency" same thing apply to everything in the world for nothing is totally perfect, just because Bitcoin is decentralized does mean it won't be manipulated at least is not control by government or central banks.

An ideal way, but that might happen in the later years because if you sell huge amount of BTC these days, those who wanted to buy the hardwallet are going to be very suspicious. Its is very untraceable but once those who bought the coins get to send then into a CEX where they submit KYC, its going to be traceable to the buyer. They would eventually have to put it on big exchange if they are to trade.

Yes, it is. Anyone with that amount of BTC can influence the market price negatively is they wish to but I hope it won't ever come to that.

the danger that arises is that the price of bitcoin will be hit by a severe dump and that must be the case if the btc whale releases all the btc, but we hope the popes can do their best and not destroy the price of btc.

I couldn't agree more with those that supports this claim. If its true that the whales hold this Large chunk of btc, it means that the market might be manipulated by them

Majority of the contribution to the market is from the whales. With this it is impossible to take away them from the market which will lead to entire collapse of the cryptocurrency market. With the ongoing market trend there is nothing to get worried, because beyond certain limit it isn't possible for them to manipulate the market, so keeping track of the price chart and knowing how to make trading analysis will help with perfect understanding about the market and the right time to invest.

Why should I worry if a lot of Bitcoin is in the hands of whales? It's not like that in the past, and if we as small investors, we will definitely get the impact (good and bad) of the game of the whales.
But the most important thing is not to make these worries make us easier to panic, impatient, and also careless in reading markets, taking decisions, and also strategies that should be in accordance with the current market conditions. Don't let us carry on in the game of the whales.

there's no need to be concerned. ultimately, the bitcoin supply is getting more and more distributed over time as early adopters cash out and distribute their coins into many more hands. as long as price keeps rising, this process will continue.


i would take those stats with a bucket of salt. they can't possibly gauge OTC trading or deduce from exchange APIs how many coins are going into the hands of "whales".

let's assume the stats are true for a moment. how many of those 450,000 BTC were sold by whales? whales accumulate and distribute, just like the rest of us.

Yes, many btcs on the hands of few investors is very worrying, however there is nothing we can do about it, as we are in a free decentralized market. One of the games rules is to accumulate most coins as possible, if you want and if you can.
The consequences are well known: manipulated market, many highs and lows, unwarranted fluctuation in price.

How they know for sure about that?
They should have a tool that could know the exact number of bitcoin that is in the hands of whales.
I wonder who is the whales who buy a lot of bitcoin so far because they must have huge money to buy bitcoin at any price.
But I don't think that is a danger if the whales buy a significant amount of bitcoin because they can buy a lot of amount of bitcoin they want with their money.