Bitcoins in hands of whales - should be worried?

[john_nautica]

According to BlockChain24.co, 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?

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.

[Payme21]

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

[AjithBtc]

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.

[kawetsriyanto]

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.

[figmentofmyass]

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.

According to BlockChain24.co, 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?

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.

[uneng]

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.

[traderethereum]

According to BlockChain24.co, 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?

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.