Is there least effect of whale manipulation on bitcoin among all crypto coins ?

[Smartprofit]

Bitcoin is popular among huge population all over the world while the demand  for altcoins is limited. Does this mean there is least effect of whale manipulation on bitcoin among all crypto coins ?

The higher the capitalization of the coin (token), the more powerful and richer the manipulators (whales). There are legal entities and individuals who have had a great influence on the price of Bitcoin at different stages of its development.

For example, we can recall the cryptocurrency company Bitfinex and its powerful friends and partners (in 2017). Or adventurers Roger Ver and Jihan Wu (in the fall of 2017). Or Wall Street dealers who introduced Bitcoin futures and declared that Bitcoin would now be under their complete control (2017 - 2018).

Whales - manipulators are trying to influence the price of Bitcoin. But this is not easy, since the coin is decentralized and has a large capitalization.

At present, we can assume that such whales - manipulators are spot ETFs - funds on Bitcoin.

[dificanovi]

Bitcoin is popular among huge population all over the world while the demand  for altcoins is limited. Does this mean there is least effect of whale manipulation on bitcoin among all crypto coins ?

I maintain an opinion that whale manipulations are more of a conspiracy theory than proven reality with Bitcoin. Bitcoin has a huge market capitalization, too big for major manipulations. Certain announcements or events that involve the movement of large amounts of money (billions of dollars) can have a short-term impact on the price, but those are not coordinated attacks. For instance, the price fell down significantly when the pandemic was announced in 2020, but that wasn't a whale manipulation. Similarly, the price went down recently amidst announcements of Mt Gox repayments, but no manipulation here either.
I believe that altcoins with low market capitalization are susceptible to manipulations, but Bitcoin is not like that and I agree that it's the least manipulated coin (in a sense that manipulating its price is almost impossible in practice).

I like your opinion, whales will not be easy to manipulate Bitcoin because the price of Bitcoin is already very expensive so if they want to manipulate the price of Bitcoin then whales must have billions of dollars in capital to manipulate the market price.
Unlike Altcoins whose prices are much cheaper than Bitcoin so whales find it easier to control Altcoins in the crypto market, but buying Altcoins is very risky because most Altcoins can only survive on the exchange for a few years.

[BALIK]

Whales - manipulators are trying to influence the price of Bitcoin. But this is not easy, since the coin is decentralized and has a large capitalization.

At present, we can assume that such whales - manipulators are spot ETFs - funds on Bitcoin.

Bitcoin is a decentralized currency but most of the trading volume and liquidity happens on centralized exchanges. So it cannot be said that it is not manipulated because it is decentralized, whales manipulate the price of Bitcoin to make profit but they do not manipulate the Bitcoin network.

Bitcoin's capitalization is 3 times larger than ETH and hundreds of times larger than other altcoins, but compared to assets like gold or stock companies, it is nothing. Manipulating it may seem difficult to us, but for institutions, whales who manage hundreds of billions of dollars, it is not so difficult. Also Bitcoin is very sensitive to news and they can manipulate it with news, it doesn't necessarily take a lot of money to manipulate.

[Iranus]

No, there is never least effect of whale manipulation on bitcoin among all crypto coins.

You are wrong for saying there is no least manipulation on Bitcoin. Bitcoin is not like other cryptocurrency that gets manipulated easily and this is why Bitcoin is the most dependable cryptocurrency. Bitcoin also gets manipulated but there is a difference. Manipulating Bitcoin has to be expensive therefore not every whale will want to do that but there are some that tries and do not succeed. I saw a news that an address that mined Bitcoin during the days of Satoshi still being active just move some Bitcoin from the address for the first time, what this news means is the whale is thinking of selling his Bitcoin and this can create panic among other retail investors and they begin to sell causing the price of Bitcoin to fall, this is manipulation because they have cause a reaction that is making people to want to sell.

To be fair, none of us have any concrete evidence that the market is being manipulated because no one is stupid enough to publicly admit that they are manipulating the market. But with what has been happening, we can see that bitcoin is very sensitive to news, just a small news like you mentioned is enough to make the market fluctuate. If that's not a sign of manipulation, then what is?

It would be naive to think that bitcoin has become so big that it cannot be manipulated, bitcoin is just bigger than altcoins, it is not as big as we think. It is nothing compared to other financial markets like gold, stocks, forex.

Just one negative news can cause the stock market to evaporate trillions of dollars, and that number is many times larger than the total capitalization of bitcoin and the total capitalization of the cryptocurrency market. That shows how small bitcoin is.



https://www.straitstimes.com/business/85-trillion-wiped-out-from-global-stock-markets-but-are-recession-fears-premature

[Forever101]

Whales may not have such a magnificent impact but the market can be manipulated through social media hypes. I have come across platform created just to gather investors across the world and promise huge cash back through pump. Though this is not so common with Bitcoin but we can agree that information about bitcoin on social media plays a significant role in impacting Bitcoin price to some extent.