BTC Whales are playing a dangerous game

[keycellko]

I do hope the SEC will be able to hold true to their investigation. I bet the whales are in a huge manipulation for the current price freeze so to say. They sure have control over the price, they put up negative news to pull down the price so they can buy so much. Newbies panic sell so they use that strategy everytime.

[jamesashmore1964]

Bitcoin is highly decentralized  and if according to the poster SEC is watching does it mean that Bitcoin is no longer decentralized? If Bitcoin succumb to regulation then it is coming to an end for bitcoin and other altcoins. Let us wait and see.

The SEC is USA jurisdiction but the EU and and other countries will probably follow their lead!

[kys.berkut]

Yep. Manipulation is unfair. It can make cryptocurrency get peaked and after that plummet. In stockmarket, this action will definitely be heavily fined. But in crypto market, it's not.

[deadpool1997]

Manipulation can have huge impact on market but I don't think it can destroy Bitcoin thoroughly, because not all of Bitcoin belong to them. Addititonly, though I'm not fond of manipulation but actually the whales just use their money, not scam money from anyone, to earn profit. It seems that's their right.

[Gotumoot]

Manipulation can have huge impact on market but I don't think it can destroy Bitcoin thoroughly, because not all of Bitcoin belong to them. Addititonly, though I'm not fond of manipulation but actually the whales just use their money, not scam money from anyone, to earn profit. It seems that's their right.

Big whales are part of the bad news spreading about bitcoin. They're doing that because they want to earn bigger profit. This is a different type of scam, they earn bitcoin on the panic seller because of their doings. We know that big whales only cares for themselves, they dont care if that thing falls, they just try another things when this thing not works anymore.

[Cynthia Andradee]

I think manipulation may inflate or deflate the price of coin but we should differentiate the whales who simply sell and buy a large number of their coins with those who try to control their price with their huge capital for their personal gain.

[Carterwyang]

This depends on a lot of things to be honest, i really believe in that crypto is being manipulated by a lot at the moment, but it can change at some point if everything gets back to normal.

[dothebeats]

Where have you gathered such statistic that whales control 1/3 of BTC's market? But anyway, let's get to the facts. Whales are always around since the advent of Capitalism, and there really is no one to blame since they're just exploiting whatever advantage they have in the market in order to make a profit. What's wrong is that they exploit it up to the point that the market doesn't offer any form of opportunity to the average people to make a profit, hence, the market only benefits the whales in the long run. While I like the idea of the government looking up the possibilities of market manipulation, I don't think that this will be ever enough to eliminate the control whales have already established in the market. Heck, even the traditional stock and bond markets are being manipulated, so up to what extent would the governments eliminate the manipulation present in cryptomarkets?

[Best Dreams]

Really whale was always a dangerous game. Although Bitcoin is traded internationally and I do not think that the SEC will be able to control all businesses globally. However, good side effects from whales will be beneficial for everyone and Bitcoin prices will increase, which will make extra money for everyone.

Exactly the positive side of whales destructing the future is that price use to falls so people gets a chance to buy at the lowest price and then sell at high, so I think if it will be only for the temporary fall then it is not a big deal but most of time they takes too long to recover the price falling graph of bitcoin,  I think those whales should contribute to the price getting high than falling I think.

[PacePay]

I think the SEC announcement of take care of market was not to care of whales but they decided to check on the exchanges to see if that is the manipulation from buying and selling or the exchanges are playing some game. The whales are manipulating the price too but I do not think that they can seize them but only we can stop them if we will stop to sell to them then they will be tired and will then rise the market.

[prefontaine1982]

This is not true at all, i think that there is something more shady in here, but we just need to wait until we can really clarify this out and see what is really going on in here..

[rodskee]

I think nothing related about the SEC and the whales about this issue both there are have own plans about bitcoin, i think SEC plan to gives better and safe use of crypto for the security of their people's meanwhile whales plan to manipulate crypto control in their hand how it works.

[CoinstarF]

I don't know that this is really happening lol. Stockmarket manipulation is really not illegal in my opinion tho we hate the idea because it sounds really unfair. But that is just how the crypto stocks really works. Tho i am not sure if they can really put them in jail

Yeah! they can do what ever they want to do in their coin because it is fair and they have also a right thing to do on their own.  Because if you want to have profit then know what the whales want to do and be like a whale, do buy when they dump it then sell it when you know that if it right time to sell your coin.  Yes, they can get into jail when the bitcoin was ban in their country.

Exactly they can do whatever they wanted to do they have a great power of BTC holds many coins and they have great influence in this currency  I am only begging thier kind character to please give some a little consideration in small community that depends only on bounty no enough amount to invest like those big whales did.

[dungthuy]

i also ask my self why BTC strong grow up in 2017 in long time,Whales pump money to pull whole crypto market and now it fall down,they only pull crypto market one time? and they will leave crypto market? i don't see that,i beleive crypto market will recovery again,we can wait whay what happen in the future

[pooya87]

you are new to this market that is why you think "whales are running scared"

the fact is, things have always been like this and actually it is becoming a lot better compared to years ago as the market grows bigger. there won't be SEC doing anything about anything at all. it is just some bullshit they come up with to put pressure on this market and prevent the growth of bitcoin or at least slow it down. in the end when the shakeout is done and the newbies became depressed enough to not want to buy bitcoin anymore it will rise and hopefully by then we can see shitcoins such as ethereum low enough  that the newbies are out of them also so that they can't pull bitcoin price down as ETH gets dumped hard on their heads.

[Gogochen]

I think it's a good thing that the United States is investigating the price manipulation of bitcoin.
So these big players can't manipulate the market price at will, and the market will gradually return to normal.

[Sam San]

No one knows exactly what is happening in the market,but everyone knows that there is some kind of a big game that still can not last long.I think we'll see it soon.

[faithupgrade]

Are you the one who wrote it? I love it. These is a group of BTC millionaires are risking their BTC funds in effort to crash the price charts. And I think they are doing very well. Lots of fake buy walls are created to encourage bulls and newbies from exchanging their fiat to BTC. Then whales are margin selling them.

The Whales could possibly destroy BTC!

BTC Whales control one third of BTC

The Good news is the SEC are investigating Whales for market manipulation.

If the Justice department can link a whale to a futures position that was say SHORT and then find out the Whale dumped a mother load of BTC on the market it will be jail time for those involved.

The SEC are watching these Whales so they would want to be careful!

In my opinion the whales are running scared and that is why the market is in the doldrums.

ETH whales are also being watched carefully!

https://steemit.com/crypto/@greenlife500eu/bitcoin-whales-and-how-they-control-the-market

[drachman]

I don't know that this is really happening lol. Stockmarket manipulation is really not illegal in my opinion tho we hate the idea because it sounds really unfair. But that is just how the crypto stocks really works. Tho i am not sure if they can really put them in jail

We know the whales of bitcoin control a huge amount of coins but the problem is that even if there is a lot of speculation regarding their abuses I have not seen a single case of people confirming this with blockchain evidence and if that is not the case then the question is how do they manipulate the market without buying and selling their bitcoins?

[sotoshihero]

This depends on a lot of things to be honest, i really believe in that crypto is being manipulated by a lot at the moment, but it can change at some point if everything gets back to normal.

Manipulation maybe just for now or  for more another years but it may not last long. Once bitcoin is well distributed  to many holder, we will see the organic growth of bitcoin. They can manipulate now because they ar early adopter and hold huge amount of btc. Time will come that this is not the case anymore.