Is it true that a whale moved 8k BTC?

[Aveatrex]

Hello,
I heard that there is a whale that moved 8k BTC to an exchange and that what caused the price to go down in addition of Stop-Losses being triggered.Is that true?What do you think? If it's true I consider it to be a big problem as we clearly see that whales manipulate the market easily which is harmful.

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[odolvlobo]

I heard that there is a whale that moved 8k BTC to an exchange and that what caused the price to go down in addition of Stop-Losses being triggered.Is that true?

The act of moving a large number of bitcoins to an exchange won't affect the price any more than moving them anywhere else. However, some people may panic and sell because they believe that the "whale" is about to sell the entire amount, and that can drive the price down.

If it's true I consider it to be a big problem as we clearly see that whales manipulate the market easily which is harmful.

My understanding of manipulation is that it is the attempt to change the outcome of a future trade. As such, a "whale" simply buying or selling large numbers of bitcoins is not manipulation, regardless of the effect on the price. Every trade, no matter how large or small, has an effect on the price.

Manipulation can be done by spreading false or misleading information, or also by affecting the price in one market in order to affect the outcome of a trade in another market.

[Dansamiv]

Hello,
I heard that there is a whale that moved 8k BTC to an exchange and that what caused the price to go down in addition of Stop-Losses being triggered.

Unusual signs of yesterday may open the door to an unexpected up / down trend. Typically, each sign produces a prolonged reaction. But yesterday's trading volume was up / down very fast and there were signs of repeat. I suspect that it can not be determined right now. but also a reason to be skeptical.

[realaccountakira]

Hello,
I heard that there is a whale that moved 8k BTC to an exchange and that what caused the price to go down in addition of Stop-Losses being triggered.Is that true?What do you think? If it's true I consider it to be a big problem as we clearly see that whales manipulate the market easily which is harmful.

This is, and has been, a problem with crypto especially bitcoin for the past few years. After the Mt. Gox scandal there have been individuals that are in control the large sums of BTC people had. Sad thing is, until they do so, bitcoin won't be able to grow much because people will fear that those people can so easily manipulate market price. The good thing is, they will eventually run out of bitcoins to manipulate the market with. They've been doing this market crash thing for quite some time now and hopefully they will have had enough.

[tinyblue]

Are you talking about today or yesterday? Because I heard this a few weeks ago.

[pinkflower]

I heard that there is a whale that moved 8k BTC to an exchange and that what caused the price to go down in addition of Stop-Losses being triggered.Is that true?

The act of moving a large number of bitcoins to an exchange won't affect the price any more than moving them anywhere else. However, some people may panic and sell because they believe that the "whale" is about to sell the entire amount, and that can drive the price down.

If it's true I consider it to be a big problem as we clearly see that whales manipulate the market easily which is harmful.

My understanding of manipulation is that it is the attempt to change the outcome of a future trade. As such, a "whale" simply buying or selling large numbers of bitcoins is not manipulation, regardless of the effect on the price. Every trade, no matter how large or small, has an effect on the price.

Manipulation can be done by spreading false or misleading information, or also by affecting the price in one market in order to affect the outcome of a trade in another market.

It is obvious he meant the whale moved 8000 coins to an exchange and then dumped them causing some stop-losses to be activated and that it sped up the crash.

Anyhow, I heard something about a MTGOX whale months ago but this time theres no news about this dump except a Korean exchange hack.

[hugeblack]

Let's assume that's true. What is the impact of 8000BTC on 17,086,500BTC?
Honestly, this is not the most influential factor in the price, but I think there is a big manipulation going on in the price.
The price rose wildly last year and without any signs of it.
I do not think that's the only reason, but I think it's a valid cause ------> U.S. Launches Criminal Probe into Bitcoin Price Manipulation
So I think it has more to do with regulation.

[PsylockReborn]

Hello,
I heard that there is a whale that moved 8k BTC to an exchange and that what caused the price to go down in addition of Stop-Losses being triggered.Is that true?What do you think? If it's true I consider it to be a big problem as we clearly see that whales manipulate the market easily which is harmful.

I'm pretty sure those whales are just laughing at those weak hands that are so emotional when times of huge dips happens to all crypto. Weaker hands and emotional invetors tend to do a stop loss and sell their crypto portfolio at a lesser value and that's the time whales will have their shopping spree and will trigger again the uptrend of the values of cryptos. If you believe in the technology and understand the fluctuations of the market then you don't have to worry about this bloodbath.

[realcrypto]

If the whale put the coin at normal price I will not call it manipulation but if he brings the down in the process of selling I will call it manipulation. He can wisely sell without pulling market down if he have good intentions.

[y_stars]

Let's assume that's true. What is the impact of 8000BTC on 17,086,500BTC?
Honestly, this is not the most influential factor in the price, but I think there is a big manipulation going on in the price.
The price rose wildly last year and without any signs of it.
I do not think that's the only reason, but I think it's a valid cause ------> U.S. Launches Criminal Probe into Bitcoin Price Manipulation
So I think it has more to do with regulation.

I think that when people see those funds moving to the exchange, they immediately start selling. Like a domino effect.

[lendahawkins]

Hello,
I heard that there is a whale that moved 8k BTC to an exchange and that what caused the price to go down in addition of Stop-Losses being triggered.Is that true?What do you think? If it's true I consider it to be a big problem as we clearly see that whales manipulate the market easily which is harmful.

i dont know but right now i heard that america now will check few trading site to find whether there is market manipulation that was done by someone. After this news come out it make a huge market crash. I hope everything is okay and hope market soon will recover.

[Ngemmeng]

in my opinion the pope will not sell bitcoin in a single sale, there are investors who panic so bitcoin prices go down further.

[ElevenX]

Hello,
I heard that there is a whale that moved 8k BTC to an exchange and that what caused the price to go down in addition of Stop-Losses being triggered.Is that true?What do you think? If it's true I consider it to be a big problem as we clearly see that whales manipulate the market easily which is harmful.

i dont know but right now i heard that america now will check few trading site to find whether there is market manipulation that was done by someone. After this news come out it make a huge market crash. I hope everything is okay and hope market soon will recover.

Do you have a link to this news? In theory I would imagine should had been good for the price. But thinking about it, it gives a reason for manipulators to get in a few more dumps and rebuys.

[onecall123]

It is the whole market going down, which supposed to the moon this year, but unfortunately creating FUD for BTC instead of MASS ADOPTION. How’s it going to moon if new people aren’t buying when the whales manipulate the market heavily that not fair. Anyway, It's a Cryptocurrency dude, Anything is possible.

[yesyes18]

Well, it coukd be because of that reason. People get suprised when they see cmsuch things happening at exchanges. They then resort to selling off and leaving as they think the whale is going to manipulate the market with such funds. This then triggers the mass sell off, because anyone who did not even see it will start selling off with the otion that, they're keeping their money safe

[First77]

Hello,
I heard that there is a whale that moved 8k BTC to an exchange and that what caused the price to go down in addition of Stop-Losses being triggered.Is that true?What do you think? If it's true I consider it to be a big problem as we clearly see that whales manipulate the market easily which is harmful.

I'm from Malaysia,and I brought 8000 BTC when many years ago(and glad that I still have found back).I'm looking for cash out all the btc I have own now,it is about 100 million usd fund,but I don't think my country market have support that huge of volume,I do my research found that exchanges in Malaysia are really small,big exchanges like only bitfinex and coinbase can support that much of volume,but it can't use their service in Malaysia,and I'm not US citizen.I don't know what to do now.I'm really frustrated knowing I own that much of money but I can't cash out due to my country is not popular with this coin,any suggestion for me? Whoever can help me solve my problem I promise to gave him 50btc after I manage to cash out.A man will keep his word.
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updated: 6.1.2018 4:54pm

what country that can support 100 mil usd withdrawal? I'm actually have thinking about open an US bank account,but I'm not sure whether I can withdrawal that much of fund from exchanges to my bank account or not.I actually don't mind paying tax fees to US or Malaysia gov whatever,I just want to have a cash out plan.

[crzy]

It is the whole market going down, which supposed to the moon this year, but unfortunately creating FUD for BTC instead of MASS ADOPTION. How’s it going to moon if new people aren’t buying when the whales manipulate the market heavily that not fair. Anyway, It's a Cryptocurrency dude, Anything is possible.

Yeah, this is the sad reality in a world of cryptocurrency because whales can actually control the market. FUD news really makes new investors doubt on their decision, if this news is true I think the moment they sell their bitcoin is a new bear market. Hodlers must stay focus on their goal and remain positive despite of this red market.

[gambitcoin53]

Hello,
I heard that there is a whale that moved 8k BTC to an exchange and that what caused the price to go down in addition of Stop-Losses being triggered.Is that true?What do you think? If it's true I consider it to be a big problem as we clearly see that whales manipulate the market easily which is harmful.

this is just a speculation, what triggered on the sudden drop of bitcoin price is the trend it creates to some panic sellers, it does not directly affect the price in case that is true, even a huge movement of a certain whale is not devastating in price drop, people's reaction on this movement is crucial, that is the rule of marketing. to increase the price of a commodity, the seller creates trends, false data to create panic selling.

[ralle14]

in my opinion the pope will not sell bitcoin in a single sale, there are investors who panic so bitcoin prices go down further.

Didn't know the pope also holds some Bitcoin /s

...

The post was edited last January 6. I doubt that this is the person that OP is talking about. There's no proof in the post, everyone here could easily fake it and say that they're a whale who is planning to sell an X amount of Bitcoin.

I looked through Google and found this article from medium.  Quoting some parts of the article for those who don't want to read the whole thing.

Bitcoin whale with over 90,000 BTC pushes Bitcoin to Huobi Exchange — big selloff?

In the last few days, this address has started to send 8,000 BTC to a wallet of the Exchange Huobi. These moves were uncovered and investigated by an administrator of the Chinese forum 8btc.com .

[galambo]

Hello,
I heard that there is a whale that moved 8k BTC to an exchange and that what caused the price to go down in addition of Stop-Losses being triggered.Is that true?What do you think? If it's true I consider it to be a big problem as we clearly see that whales manipulate the market easily which is harmful.

I think this does not affect much to the market price of bitcoin just transferring a amount like 8K BTC will be just a normal trade in the list. The most amount of effect on the price of bitcoin appears only when a large number of community invests in it or sells it a single person cannot manipulate the market and cant make such a sudden change.