Bitcoin Forum

90% of bitcoin hold by whales, only 10% of bitcoin hold by people,whales  can do anything pump btc to moon or dump it to hell,
BUT ask yourself 1 question: What Happens to Bitcoin After All 21 Million Are Mined? then whales completely control bitcoin price.
Bitcoin Is Not Decentralized.

you got a source for that?


there are less and less whales over time. they end up taking profit (distributing) or dumping in failed manipulation attempts. when i first started years ago, whales used to dump 2000-3000 bitcoins at a time. this was an everyday occurrence. when's the last time you've seen dumps that size?

the supply being mined out doesn't matter anyway. everything will keep going just like before. miner revenue will just be 100% fees instead of part fees and part subsidy.

It is pretty obvious you dont need much source for that, you think Whales will do that? Just remember that human beings are easily keen to dogma.

What has the stability of the price (which might or might not be completely influenced by whales) to do with the state of decentralization ?

Just because those big fishes can pump or dump the value of BTC compared to a fiat currency, it doesn't mean that the network isn't decentralized  ???


Or can your transactions be blocked, reverted and censored because of the volatility of the BTC/USD value ? No, it can't.

You are mixing up two completely different topics creating a link between them, where actually none exists.



Additionally, i am interested in where you got your numbers from.

Could you elaborate please ?

One day anonymous Bitcoin whale moved 40 000 BTC... you can read about it in the article below:
https://blocktoq.com/anonymous-bitcoin-whale-transferred-229-mln-usd/
What will happen next? We will see :)

If 90% bitcoin being hold by the whales automatically the market could have got a transition to a centralized network. There is no proof stating that 90% bitcoin is with whales. I believe a small majority will be taken by whales on the whole. Maybe whales will have around 65% and the rest in the hands of common people.

How do you know that?

The human body can be used as an example of a decentralized system, which are are made up of cellchains (lol) which operate similar to blockchain  that some part of my body has more cell than the rest doesn't make it less decentralized same thing can be said about the solar system. The decentralization is in the mode of operations, processing of the network and not some amount of coins owned by individuals. The whale are just privilege few that believed in the technology when others doubted its success.

For example, lets say some privilege few, did invest largely in Grin cryptocurrency (not financial advice) with billions of dollars and it becomes a success tomorrow via increase in price and global adoptation then they become whales of grin. That doesn't make Grin cryptocurrency less decentralized.

The whole idea of Decentralization is to not give most of it to the "privileged few who believed in the tech (LMAO)" rather to the masses otherwise it is destined to fail on the whole line. But it does not matter as it is simply not important, all we want is the Digitalisation of Paper money, thats it. Dont care if the whole Crypto Charade falls apart

It is a reason it is called a DUMP, nobody in the right mind wants it  ;D all peeps do is ride it untill the water in the pond dries out

+ it is very obvious that the whales control 90% of the available BTC today, proove me wrong

In the place dude, people here in the forum are not stupid and easy to believe on what they read here in the forum.
Before you get their attention and belief and get their trust, you must have a valid source or support on your statement.
Because, if you don't give any link article on your statement, it will remain rumors or hearsay only.

Give me proof and source that it is the opposite as he says ;)

1. Most probably 90% of bitcoin is not hold by whales. That statistics are misled by the huge number of people keeping their funds at exchanges and online wallets.
2. All the Bitcoins will be mined at about year 2139-2149. Do you really care? Well, then I'll tell you something else: I've never mined Bitcoin and still have some, how come? Bought some, worked for some other and so on. Do you think that this will be different in 2149? I don't. Like any kind of money, Bitcoin will be available to buy/exchange or to work for.
3. Decentralization is something different. Decentralization is about the network. The quantity of Bitcoin hold by whales may be big, but that's because they'll use it as store of value; and in that case they'll not be so stupid to make it cheaper.

So I think that your concerns have no substance.

In 100 years there will be no BTC in the minds of Consumers, but there will be Blockchain or something better !

That's great post. l think you say right,on the one hand BTC is not controlled, but on the other hand it can being see that there are a lot of whales which control BTC.At the end these will eat little fish.  :) :)

LMAO, got anything else to say besides some pointless stuff that even isnt related to this topic? ;) My idea is my idea, and if i was paid for it than i would help BTC rise in Value and be distributed into the hands of common people. As every labour is paid so should be mine, nothing is free.. Ya Gambling addict ^^

Yes, bitcoin is held disproportionately by a few whales, but the same thing could be said for the U.S. dollar, gold, and other assets or means of exchange. Look at the growing wealth disparity in the U.S. to see that the current system, even without bitcoin, is highly problematic. To solve the growing wealth inequality will require measures beyond banning bitcoin or scolding those who hold it.

If this was true, why didn't they took it over? the Chinese tried and failed...

What do you think will happen in the year 2140 when the last bitcoin gets mined?

Who controls gold price today? Are they hoarding it or not?

OP, you obviously do not understand the "decentralization" of Bitcoin, because this points to the decentralized network of nodes that are spread globally and not the people using the technology. When is something decentralized? It is decentralized when it is spread out over a lot of people or in this case a lot of nodes.  ;)

The whales cannot be prevented, because you have early adopters and also people with a lot of money to buy a lot of coins. This happens with most commodities all over the world, so it is not unique to Bitcoin.  ::)

So in other words, the only people who will benefit from BTC are the whales, that is if they can sell it to the common man. Decentralized is when 6 Whales do not own the whole BTC Market, instead the majority does. And the Majority will not pay 8k for something that can crash through the night. Unless you have top class promotions and marketing, which in case of BTC nobody wants to pay for ;). Ofcourse they can be prevented, by not buying any BTC and let them keep the whole Mined ammount.. The code of BTC might be Decentralized but it means shit if the Whales own it all. They can pump it back and forth between them but it will not change the fact that it is stuck

Who do you think made the price rise in to $19,000.00? The common man, taking a mortgage on his house so he could invest into BTC and other CC and as the investor spots this he jumps in 4 profits. Yes a proper Advertisement would make BTC spike, by that i dont mean ADs on pages, i know you are too dumb to understand. Mill investors are too smart to put their money in BTC. If they do, they just dont care about anything. I wont tell you anything regarding my plans, as there are Zuckerbergers out there just waiting for an idea to grab including you prolly. I know more than i speak about, and you dude will never know what i know.

the most right answer ** ask expert blockchain but if you have good logic and you trust yourself you dont need expert, kids on reddit know this * but this kids are smart they learn  a l0t

educate yourself just a bit before you output crap from your mind,,,

when you say it not Decentralized you really try to say it not distributed, search and learn before you post hey, but the problem is 99% of the people can figure out for few reasons , very huge check stats!!!

out of the 99% around 30% is people that dont know to figure out and go learn and stuck to the smart people in every vertical and they somehow get to nice results and much more until they move alone BUT the problem how do you know who is smart if you cannot figure who speak truth and dont lies, here from the 30% only 10 % survive the other move after wrong people. but why ???? because the internet is dominated by scams and everywhere...

the ones that can figure everything them self are the small % who make in this game and other games....very simple

ahhhhh think how the 30% who are willing to learn and not to output the crap inside their had in a p0st, and get deep....how they will know to who listen.... its mean if somebody have 5 stars in this website or other he know what he speak ,,,hell no

examples : some high profile people(really not and didnt make a penny they just high profile because of some stars shit and other shit)say supply dosent important which in fact is the most important for example the founder of harmony.one say this ?? hell founder hhhhh so idiot.  its mean smart people always invest in small supply projects max 1b coins and the best less then 300 m coins.

there are more example and other shit...

better to stick expert blockchain and their blogs and find them... they lead to the right path


back Decentralized its mean peer to peer...wallet to wallet or pc to pc....no middle man(central medium)  for example:

BitTorrent is a peer-to-peer protocol, which means that the computers in a BitTorrent “swarm” (a group of computers downloading and uploading the same torrent) transfer data between each other .** ... In this way, everyone downloading a torrent is also uploading the same torrent.

get it mate --- without the need for a central server in bitcoin its mean without banks and paypal and visa now , when you say bitcoin is not Decentralized you wrong, its Decentralized BUT in peer to peer  tech some peer hold more the other less very simple if it movies and mp3 or bitcoins....

but distributed tech compare to Decentralized tech its mean each peer is equal hold info ,,,for example in BitTorrent with distributed tech each peer equal compare to other in the amount of files*(movies,mp3,software....and so on) and there no one peer hold more then other which mean in money its not great idea ,,,compare to files*,  distributed its peer to peer but each peer hold equal amount of x.....

after all this we understand that bitcoin is Decentralized even if one peer/wallet hold more then other its the nature of Decentralized,,,in other words if some hold to much bitcoins its dosent make it non Decentralized from tech prespective and logic without bullshit but it LESS distributed

which lead to us before you post research deep its healthy, you try to say something and use wrong words and other here also uneducated and even answer and there is huge gap between people because not the right words used to explained and other answer even more wrong and basically you have a situation where there is huge conversion which is empty like air and dont have meaning hell its funny to spot this f0r smrt pe0pel..

good luck

the most right answer ** ask expert blockchain but if you have good logic and you trust yourself you dont need expert, kids on reddit know this * but this kids are smart they learn  a l0t

educate yourself just a bit before you output crap from your mind,,,

when you say it not Decentralized you really try to say it not distributed, search and learn before you post hey, but the problem is 99% of the people can figure out for few reasons , very huge check stats!!!

out of the 99% around 30% is people that dont know to figure out and go learn and stuck to the smart people in every vertical and they somehow get to nice results and much more until they move alone BUT the problem how do you know who is smart if you cannot figure who speak truth and dont lies, here from the 30% only 10 % survive the other move after wrong people. but why Huh? because the internet is dominated by scams and everywhere...

the ones that can figure everything them self are the small % who make in this game and other games....very simple

ahhhhh think how the 30% who are willing to learn and not to output the crap inside their had in a p0st, and get deep....how they will know to who listen.... its mean if somebody have 5 stars in this website or other he know what he speak ,,,hell no

examples : some high profile people(really not and didnt make a penny they just high profile because of some stars shit and other shit)say supply dosent important which in fact is the most important for example the founder of harmony.one say this ?? hell founder hhhhh so idiot.  its mean smart people always invest in small supply projects max 1b coins and the best less then 300 m coins.

there are more example and other shit...

better to stick expert blockchain and their blogs and find them... they lead to the right path


back Decentralized its mean peer to peer...wallet to wallet or pc to pc....no middle man(central medium)  for example:

BitTorrent is a peer-to-peer protocol, which means that the computers in a BitTorrent “swarm” (a group of computers downloading and uploading the same torrent) transfer data between each other .** ... In this way, everyone downloading a torrent is also uploading the same torrent.

get it mate --- without the need for a central server in bitcoin its mean without banks and paypal and visa now , when you say bitcoin is not Decentralized you wrong, its Decentralized BUT in peer to peer  tech some peer hold more the other less very simple if it movies and mp3 or bitcoins....

but distributed tech compare to Decentralized tech its mean each peer is equal hold info ,,,for example in BitTorrent with distributed tech each peer equal compare to other in the amount of files*(movies,mp3,software....and so on) and there no one peer hold more then other which mean in money its not great idea ,,,compare to files*,  distributed its peer to peer but each peer hold equal amount of x.....

after all this we understand that bitcoin is Decentralized even if one peer/wallet hold more then other its the nature of Decentralized,,,in other words if some hold to much bitcoins its dosent make it non Decentralized from tech prespective and logic without bullshit but it LESS distributed

which lead to us before you post research deep its healthy, you try to say something and use wrong words and other here also uneducated and even answer and there is huge gap between people because not the right words used to explained and other answer even more wrong and basically you have a situation where there is huge conversion which is empty like air and dont have meaning hell its funny to spot this f0r smrt pe0pel..

good luck


reread it mate its healthy :)

We had it worse back in 2014-2015 when a whale can literally buy tens of thousands of coins in a single go and dump on all of our faces, hence, the many 'dead-cat bounces' during that time. Right now, as prices continue to rise and as more people come in on the market every day, the number of whales are actually becoming less and less. Like any other traders, they do not hold for a long time when there's not a potential profit to be made, and are just offloading too in order to move around funds and whatnot.

Also, decentralized ≠ distributed. Our choice of words sometimes alter what we really want to say.

Yeah, whales do hold a large amount of bitcoin and they can somewhat cause price manipulation. But all whales do no successfully manipulate the price. Not all of them are willing to take the risk of manipulating the price and making profit. One wrong step and they might end up with a huge loss. And as time passes, we will see those coins being held by the whales being spread among different users naturally/eventually.

no when people communicate they need to know which word to use and why ,,if you think its not right you far away from the ball park nd will be as this is simple basic to communictae clear then noobs know what to search and what learn,,,,,the guy that post it dont know what is decentralized and mean to distributed then other learn from him and so on smart people when they see this they seat quiet and see how they talk and what their minds process because there is no sense going there hhhhhh ,  kids know to communicate clear so this guy must .... around smart people if you say this its comedy ,,,

when he say its decentralized??? so much wrong in there as smart people i help him to clear the gap and lead him in the right path which mean non the above :).


and bitcoin is very distributed there is blockchain explorer and all wallets its easy ... another bump

in fact whales protect the price why??

the whales know bitcoin price can get astronomical and they have alot so its mean they are the one which worry m0st of the time , they dont want to have fait money or someshit stable coin where is no grow and nothing speical.....


mic drop

in my opinion whales dont have 90% of the bitcoin
they just have enough of bitcoin the affect the price right now
when there more adoption someday it will be more harder for them to affect the price.

its not about opinion  mate there is blockchain explorer and the wallets out there,,,nothing is hides ,,its all out there which wallets have the most and which less very simple....

the ones that say whales hold most of btc and other shit, this people either crazy and read shit on the web from shit websites and they cannot understand in which deep shit their mind because they cannot understand simple thing is that blockchain  explorer and you can see all the wallets...its so easy


its not about opinion bro its all 0ut there to see,,,

Without proper Promos there will be no Adoption, mark my words as i am in promo business since 2010 i know how to do it right and where to do it. I am not alone in this business i have buddies who do this with me and the last time we did BTC Promo, Consumers started coming in because i the head of it all brought them in then people just started following. 8) I might not know it all about Blockchain and stuff related to it, but i am damn good at Marketing and promos.

Edited: I am just sad that people lost their money as my intention was to make them money

One thing I noticed lately is that when people talk about whales, it mostly concerns manipulation. Fact is that by default, someone with deeper pockets than the majority of the market is obviously going to affect the price one way or another.

Slippage is the main reason for the price to make large moves, and while the ups and downs might be caused by whales intentionally moving the market, it's mostly not done for the purpose of manipulating the price.

If you buy or sell like 1000BTC at once you'll affect the price no matter what. People however don't mind it when the price goes up, but when the price goes down whales are suddenly accused of manipulating the market....

Well, on that top 100 BTC wallets, many of them are from exchanges, so OP argument is automatically nullified unless OP consider exchanges as whales. As of the control, I believe whales can partially manipulate the market but not control them.  They do not have control on the buyers decision, they can influence yes but the final decision depends on the buyer or seller.  With this I think OP's argument is moot.

nothing is decentralised

Let me read your future. You are angry and will become more salty over time and keep thinking about missing the train and all those bitcoin addicts who are now rich and happy.
Tell me if I got it right :D

What about all those people who have 20 -30 bitcoins. There's really a lot of them. Are they whales or naive or somewhere in between? I call them lucky bastards but you can call them naive.

I am quite angry yes, but i am angry because i do not recieve proper respect toward me as i am responsible for the mild adoption of BTC =) and nobody will take that away from me. Being called a scammer & Beggar it is just putting my blood pressure over 9000. And i am quite angry at whales for the manipulation they do.. And the greed they have it is just .. it makes me puke lol. To be human is to be naive ^^

Yeah and i threw 1 year away for nothing, for fuck sake.. well you are alowed to believe whatever you want. I was out there active on every social media while you were here picking up activity and merit :D I definetly had influence in the 19k and that a big one

Correlating Whales with bitcoin full mined amounts has nothing to do with it ::)
For instance asume that now there are those so called many whales.
You still see price fluctuations because we trade between ourselves even if the whales provides some of their bitcoins for their own profits.

Bitcoin is still decentralized as this whales do not work on the same location ;)
And each "group" or individual investor has their own objectives and appliances into the Bitcoin's market.

Who do you think put the name Bitcoin in every popular livestream news station? You ? Any clown from here ? ME! Expecialy the bloomberg one, the word spreaded so fast the price jumped in 2 months. What about the Bloomberg Terminal ? Youtube? Twitter? FB?ETC ! Get your dumb head out of your ass- And at this stage in the game, mediocrity can no longer be allowed to fly

Today was my first investment in cryptocurrency.
 Wish me luck.
+2BTC

your share of "adoption of BTC" is zero because you see bitcoin as an investment and are only concerned about the price of it and that only in short term which is why you are confused and angry about the short term fluctuations which you call "whale manipulation".
the fact is you have adopted fiat but you think you adopted bitcoin. otherwise you wouldn't have been so concerned with the price and your fiat profit like this.

How did you even come up with that computation?
Surely whales hold a huge percent but it isn't something so big like that.
Basically you are talking about almost 16M BTC out of1 7,764,937BTC is on the hands of whales.
Surely whales could move the price but don't you think that they are also cautious on their stock?
Besides even if your computation is true 90% wouldn't be by just a small number of people surely it would be plenty of people and groups,
So relax the market wouldn't be easily manipulated if we wouldn't be careless and fall for FUD and FOMO.
The real enemy isn't the whales it is our own emotion when we are trading.

You say that 90% of bitcoin is in the whales? Do you have a definite source of your words? this is a ridiculous thing with wrong analysis, 90% is a very large asset dude, if you want to spread the FUD then do it well, mature and analyze the acceptable logic of crypto users here.

What the hell are you talking about? Ofcourse i adopted BTC but it currently can not exist without FIAT Money... Leave the whales now i told what i wanted to tell about them. So nobody is concerned about Fiat profit anymore (LMAO) ? Ofcourse you need FIAT money to survive today. You still can not buy alot of things with BTC and that is what i want to change aswell !!! Do not judge me because your brain can not comprehend

Even if you are correct that 90% of the supply is own by the whales, but how would that qualify to your statement that bitcoin is not decentralized?

I don't know the fact that how much Bitcoin is held by whales or how much is earned by the common people but the Bitcoin is decentralized as its underlying technology is Blockchain and it is also decentralized.

I thought.  You don't understand the concept of decentralized.  Decentralized system is a system that has no authority.  Decentralized system transactions are peer to peer without third parties.  the whale not only controls the crypto world.  but the whale was also always in a centralized world. the whale are everywhere.

That's the correct definition, the only decentralized that cannot be change or control is its system which will remain decentralized no matter how may times the whales will manipulate the market. The price could move, but the its system will remain as normal.

You should atleast put your source link to defend your statement. Anyway, yes WHALE somehow take a part on manipulation but that is only like 3 to 5%. They are also humans who has need in life that's why they profit. And FYI it is called decentralized because it doesn't require a centralize authority, its state is maintained through distributed consensus. So yeah learn your facts first before saying that bitcoin is not decentralized.

How do you know that? How do you know the calculations and percentages? do you know how many bitcoin users there are? more than 10 million users, because in my country there are more than 1 million users, in my opinion the percentage is more than 10%, although I will admit that whales do have an effect, but it does not eliminate decentralization from bitcoin

Nice statistics,wondering where did you get that buddy?is that for real or your own speculations?thats a big number lol
Well before the 21 million bitcoins had mined for sure I am richer by then so what the fu*k do I need to care of that situation?
Tell that to yourself,no one cares bout your position

https://i.imgur.com/DisHV5s.gif

if you do not have a lot of money to buy many bitcoins, do not be jealous of people who have lots of money to buy many bitcoins. Your post is a great absurdity.

Anyone is free to buy as many bitcoins as you want



I think you should go back to krypton

https://i1.wp.com/nosbastidores.com.br/wp-content/uploads/2018/05/krypton-bastidores.jpg?resize=1200%2C640&ssl=1


Good luck

I don't think that 90% of bitcoin holders are whales, if you place a source for that then I will believe you.
Also, you will never know what would be the outcome when all the bitcoin will be mined. Do you know who will be the owner of them?

If this claim is true then it is possible that those who researched it mistook wallets owned by exchanges for whales'.
 Besides there is little we can do about whales owning large amounts of bitcoin...They have the right to trade too. What is important though is to ensure they don't manipulate the market.

We could  prevent this (regulate the price) with a stablecoin in this way:
A whale tries to buy 1500btc to raise the price of bitcoin by 30% in a short time, our blockchain algorithm subtract half of the bitcoin (750btc) and move it to Stablecoin and price increases by just 15% instead of the 30%.
If another whale tries to bring down the price of bitcoin by say 20% by withdrawing 2000btc, the algorithm immediately injects about 1500btc from the stablecoin reserve into bitcoin and the price reduces by 5% instead.
This could be done in a decentralized manner through smart contract or some sort of algorithm

Well, that doesn't really mean it's not decentralized, that problem will never be solved, when 1 bitcoin is worth 1 bitcoin, it won't matter. Whales won't be able to dump the price because no one would care about the price of btc/usd.

So you think these whales are not people  :P some robots hoarding these coins for them to control the entire financial market in the future  :D. When 21 million bitcoins are mined it will take more than hundred years and with the way things are going, i cannot imagine the price of bitcoin fifty years from now, let alone hundred years and the so called whales could hold trillions of dollars worth of bitcoin at that time which could consume the entire financial structure.

PS: I liked your comedy and so is my response. If you claim that these random figures are facts, put up some source of study and prove them rather than saying random figures and claiming that to be true  ::).

Ugh!  Acquiring is not adopting.  You did acquire bitcoin for some profit.  Yes?   Don't be mistaken between acquiring from adoption because adoption roots deeper than just having them in your hand.  You particpate in this so called "adoption campaign" because it will profit you, where at the end you will sell your acquired BTC to those next buyer.  Now you are mad because things does not play the way you wanted it to be.  If you really are an adopter, you won't get angry because Bitcoin price were played.  True adoption is using it whenver you have a chance and not hodling it for profit.  Adopter losses nothing because they move BTC realtime.  They buy them to transact next immediately, rinse and repeat.  Not buy them to hodl and profit.

you understand decentralization wrong here , it is not about how many people have or hold bitcoin
it is that the network is distributed between many instances , called nodes
if the number of nodes decreases greatly and they are all controlled by the same group of individuals , then you can say that bitcoin is not decentralized
while I agree with the statement that whales can make the price go up or down , they have less and less impact and as the time passes and every coin becomes more valuable
even less of the impact , since to change the price even 500 $ in any direction requires thousands of coins sold
and what do you suggest? whales is the necessary "evil" , same as the rich
our society haven't invented any better form of rule as of yet , so you have to deal with it , besides 90% is an overstatement
I am sure bitcoin is spread very much evenly between the big holders and the miners/general public

I can't  understand  this thing why you need to be decentralized the bitcoin. Bitcoin don't  need to be decentralized.. so leave it guyzzz...