Do whales really control the market, or is that a myth

[osmo]

for now no one can control the market, the current market movement is very difficult to control and difficult to predict, the current price of crypto currancy almost all the price down

[sakahayang]

You can certainly see the proof, because every time you do the transaction is the proof. It's true if you have a large capital we can manipulate the market price, even the price you want will be up.
that's one reason Bitcoin can go up and down.

[izanagi narukami]

IMO, it's possible because bitcoin value determine by supply and demand so unlike stock exchange, bitcoin is more volatile than stock trading because the value is easy for being manipulate.
Of course they can't manipulate over 5% except all top 50 on the most richest bitcoin owner try to manipulate by selling their own bitcoin !

[feverpitch]

 I can say for what I know that that whales are not continuously performing that control of the market, they are just come to it, affect the price significantly in order to gain their purposes, and step out.

[anilsaini0327]

In my opinion, the whales do control and manipulate the market as can be seen from the recent pump and dumps. Most of the market capital is under few billionaires and thus they can easily control the whole market.

[hasmukh_rawal]

That depends on the individual's thinking whether to believe it or not. Personally speaking, I do believe in this because it''s obvious  that there are a few or more whales in the crypto market. The early investors own a lot of Bitcoins in their wallet and some of them might surely think to use it for their benefits and create more wealth out of thin air. Who don't wants more money ? They would be surely using it to manipulate the market and extract money from it.

[Gotumoot]

I can say for what I know that that whales are not continuously performing that control of the market, they are just come to it, affect the price significantly in order to gain their purposes, and step out.

I think that the only thing that they controlled is the bad news about bitcoin spreading on the social media, so that they can harvest bitcoin on the panic seller, for them to earn big profit when the price of bitcoin increase. Bitcoin cannot be controlled or manipulated, so its impossible to state that it was being controlled by big whales.

[Mind Control]

Is there any evidence that these mysterious 'whales' really control the bitcoin market, or is this a myth generated as people try to understand why bitcoin prices go up and down?

Actually, you do not really need a physical evidence to prove this. Logical reasoning is good enough. Imagine you have a number of Bitcoin that can significantly affect the market. And since we are talking about whales, they have more than enough number of Bitcoins to control the market. And since some of these whales wants to accumulate more Bitcoin, they can easily manipulate the market by selling hundreds of Bitcoins just to trigger panic selling. However, they do not control the market at a daily basis. Whale manipulation only happens several times.

[tegarp90]

Is there any evidence that these mysterious 'whales' really control the bitcoin market, or is this a myth generated as people try to understand why bitcoin prices go up and down?

I think yes, because there are some addresses that having more than 50 thousands btc which can pump btc in every market at one time.
If the whales have a teamwork, they can control the market price.

[Quidat]

Is there any evidence that these mysterious 'whales' really control the bitcoin market, or is this a myth generated as people try to understand why bitcoin prices go up and down?

Even without evidence, if you come to think of it. If one powerful person who possess large amount of money, he can make an impact with the price if he buy or dump his assets, and not only one person. I believe they are in a group, just like a syndicate.

[insculpt]

I'm sure if you were to check the blockchain transactions (using block explorers) you could gather enough evidence that there are whales and that they do actually manipulate the markets.

[Ng93]

Is there any evidence that these mysterious 'whales' really control the bitcoin market, or is this a myth generated as people try to understand why bitcoin prices go up and down?

And you doubt that Bitcoin is controlled by those who have a large number of bitcoins. And also those who sell these bitcoins. Exchange and the stock exchange is a place where they make a speculation of bitcoin and other altcoins. Very famous exchanges have already been bought by well-known banks all over the world.

[kangen riko]

There is nothing mysterious about whales, they trade, pumping coins, just like you but the difference is they have more money than you, they come to buy in bulk because they want a bigger profit and I think that's a natural thing.

[PeRo]

It isn't a myth, it's logical - whales exist and they have most of the total amount of Bitcoin so they can manipulate the market. They can't control it as they don't own all of the Bitcoins and never will but they can influence in a big way how high the price would be. The market still depends of all of the community.

[staceyrita]

Rising Bitcoin Prices Down

If you are currently observing Bitcoin prices, then you will be amazed by the rapid rise and fall of Bitcoin prices (fluctuations). In fact you may also wonder whether companies (such as Luno) that determine the price of Bitcoin?

The answer is no, because Bitcoin is interoperable. If you want to know the characteristics of Bitcoin, please read our previous article: What is Bitcoin?

[albantani]

Is there any evidence that these mysterious 'whales' really control the bitcoin market, or is this a myth generated as people try to understand why bitcoin prices go up and down?

That's not a myth, I once discussed this with my friends. in fact, whales can control market prices. large capital can manipulate the price according to his wishes on condition that there are still many people who panic selling.

[Sergio444]

That is what they say, I am yet to know how whales control the entire crypto market. Well they may play a role in the trend in price but entirely controlling the market cant be as a result of whales. Government creating fear and panic also cause changes in the market trend. The principle is simply demand and supply.

[ExtremeFacials.com]

Is there any evidence that these mysterious 'whales' really control the bitcoin market, or is this a myth generated as people try to understand why bitcoin prices go up and down?

I have heard more off the whales affecting and manipulating the market, it can be kind of control that I believe that they don't control market 100%. They can just have a limited influence on it.

[francis2]

Is there any evidence that these mysterious 'whales' really control the bitcoin market, or is this a myth generated as people try to understand why bitcoin prices go up and down?

We do not really need proof, if you take the time to look at any market in which some players have the majority they will try to fix the game so they always get profits, it is simply human nature, and so it is obvious the whales are going to try to get benefits no matter how the market moves and if that means bending the rules a little bit then they are going to do it.

[felipe04]

No one force you to do investment here in crypto so if you think bad here just leave this to others

Don't judge digital currency we are so many users use this

This is still running by conveniece so if you experience not well just leave