Is it true that a whale moved 8k BTC?

[timerland]

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.

Who cares if it's true or not? It's not like it matters. If they have the bitcoin, they have the right to sell it off at any given time. Nobody should panic from their individual decisions. Plus, who can be sure that them moving coins to an exchange would indicate for sure that they're actually going to sell the coins?

As for manipulation, it depends on what you see as manipulation, honestly.

In any sort of market with free trading, people with higher amounts of an asset will always be able to move markets more. No difference in bitcoin, here. If this is just a person selling off their stash from before (even this is not confirmed), it's hardly "manipulation".

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[kryptqnick]

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 anything, buying a big amount of bitcoins should've affected the price is a positive way, right? But 8 btc is really nothing if we are talking about a big exchange, it is only about 1/6000-th of the trading volume. The current price drop is related to coinrail reviewing the users due to a hacking attempt. But this exchange is actually a very small one with a trading volume of shy 2 million dollars! So I think it's more of FUD making some right newbies panic and ruin everything. I really don't understand why does it always have to be this way.

[speedy963]

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.

I somehow agree with what you are trying to point out. Since manipulation is really hard most specially when you are alone working on the market, that is why some tend to spread false accusations and false news to confuse other peoples mind and then they start to play the market. It could only be possible when you are a whale.

[Herbys]

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.

Of course, a big player can easily change the situation on the market, but I do not think that this situation will change in a coordinated way. They will do it to earn money, and not to keep their capital immobile. The currency should work!
To change the global situation, we need to throw in news, expert assumptions that are based on facts, not fantasies.

[slashz9]

I'm not so interested in the issues in circulation, if you are an investor you should not think about the price up / down, is not that common every year, I also hear there are groups / or people who auction 60000 pieces of btc, make the price down.

[magneto]

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 OP is referring to this news: https://www.ccn.com/mysterious-asian-whale-begins-funneling-funds-back-to-huobi/

I wouldn't say that a whale moving coins around instantly means that the market is somehow being manipulated. Of course, the market could be manipulated by a variety of factors, but this isn't something that can be used as proof of "manipulation". Selling coins that is rightfully yours is something that can be done freely, doesn't matter if you have 8k BTC.

It shouldn't be taken as a sign of anything, really. It could literally be someone needing money to invest in other ventures, or that he feels like that bitcoin is going to go lower, so he's selling now.

It could be the reason why prices are down so much right now, but I feel like a lot of it is actually done by panic sellers themselves. I don't think there is any point in trying to monitor whale addresses, it's not a foolproof way to predict how bitcoin will move at all.

[tabas]

I get it now, this isn't the reason why the market is bleeding today.
Check this news: Bitcoin Price Plunges After Hack of South Korean Exchange, Down 53 Percent Since December

[kisscoin]

Yes, large investors or campaigns specifically make the collapse of prices, they can afford it. In addition, they earn even more by buying currency at a low price. It is very harmful and it is time to do such manipulations illegal!

[Lecam]

Moving Bitcoin from exchange or to other wallet wouldn't move the price unless the sell it off ,
But for sure it would really trigger some news and make the people panic and sell their Bitcoin because they would think that the whale would dump it and they would surely want to be the first to sell before the price drops down,
And because of it the price of Bitcoin would surely crash.

[iged_war]

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.

if we compare amount that moved to an exchange, its not ti much.but behind on that it's action influence other people to sell bitcoin they have.and now its have big effect in market.bitcoin reduce more than ten percent because of this.

[gantez]

Yes, large investors or campaigns specifically make the collapse of prices, they can afford it. In addition, they earn even more by buying currency at a low price. It is very harmful and it is time to do such manipulations illegal!

Yes you have said what the issue is. The market has always been manipulated. Whales actually do that to have a chance to acquire more coin. Thetefore, you don't have to be surprised when this happens.

[ironman2014]

I`ve heard that too, this is one of the main disadvantages here on Market, that some guys from above can easily manipulate the price for their purpose

[Yakamoto]

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.

One exchange doesn't really do anything significant to the market, there had to have been something else at play for there to have been such a considerable drop. You can even see it in most of the other exchanges, they all hit the downtrend around the same time, and I would think that either someone's algorithm got scuffed and started the dive for everyone, or there was something that was coordinated in an effort to knock the price down a bit. But I don't know for sure, since it caught me by surprise and I was just being an observer at the time.

[KenMasters]

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.

if we compare amount that moved to an exchange, its not ti much.but behind on that it's action influence other people to sell bitcoin they have.and now its have big effect in market.bitcoin reduce more than ten percent because of this.

I remember in early 2014, the head guy of Ripple announced that he was selling a large portion of his Ripples. The price plummeted, and it seemed like such a naive move. I never looked at Ripple ever again. Big mistake by me.

[darkangelosme]

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 it's true, cause in the past days before the Bitcoin price suddenly collapse i have heard rumors in some telegram group that there are whales that will going to dump his/her Bitcoin, at that time I've heard it bitcoin is in 7,400 USD.

[pinkflower]

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.

Thats nothing but a scammer trying to find a new victim here on Bitcointalk. Maybe the person who started this thread is a part of it lol.

[leavolnhals]

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 do not think it's a whale. it's an organization. It establishes an organization to manipulate the market and bring about daily profits. In the stock market too, there are a lot of manipulation has been happening. The government can not handle this manipulation.
Nevertheless, the true value of Bitcoin and other altcoins remains unchanged. Let's wait for its real price in the future.

[KrishaBitcoin]

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.

No! This time the big whales has nothing to do to this current price falls in which the report say it just a normal thing for the holders to sell their Bitcoins but it create panic to some investors and also it says about Coin Rail hack in which it makes some South Korean Bitcoin enthusiast to panic too. Here is the link to the news https://www.ccn.com/cryptocurrency-market-falls-25-billion-overnight-as-bitcoin-drops-6-factors-and-trends/.

[andriarto]

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.

No! This time the big whales has nothing to do to this current price falls in which the report say it just a normal thing for the holders to sell their Bitcoins but it create panic to some investors and also it says about Coin Rail hack in which it makes some South Korean Bitcoin enthusiast to panic too. Here is the link to the news https://www.ccn.com/cryptocurrency-market-falls-25-billion-overnight-as-bitcoin-drops-6-factors-and-trends/.

i seem to believe in your link. panic sells massively price down, and i think this is an opportunity for us to buy bitcoin in large quantities, and i think it will soon be profitable

[snkneo]

Are you referring to the Mt. Gox lawyer? I remember him moving around a billion dollars worth of Bitcoin earlier this year. He is the reason why Bitcoin crashed last January.