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Author Topic: Do whales really control the market, or is that a myth  (Read 2037 times)
SivaSankarSMS
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July 05, 2018, 05:59:00 AM
 #101

This has always been the talk of the day and there is no real and solid proof for it. Trading will always involves increase and decrease in price by simple logic. There will be high increase and high decrease when there are certain events , more buyers or sellers and so on.There is nothing mysterious about whales. Whales pumping, trading, just like you. Just like when you buy bitcoin, do you want to tell people and show that you have bitcoin? Certainly not. Just like you, the pope also wants to be anonymous. But the difference is that whales have more money to buy bitcoins while you do not.
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July 05, 2018, 08:55:30 AM
 #102

I believe that the whales can control in one coin, but in the market I think they can control it, maybe bitcoin is the only way to control the market because when the bitcoin is down then the market will down as well.

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RawDog
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July 06, 2018, 10:48:27 AM
 #103

This has always been the talk of the day and there is no real and solid proof for it.

There is solid proof: where is your money?  Now look at how much the whales have.  QED

The whales got all your money because you are stupid.  Don't be stupid and give more money to the whales that manipulate the market.

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July 06, 2018, 10:53:08 AM
 #104

There are whales definitely. These people are controlling the price of bitcoin by pumping and dumping. Is it bad? Maybe. Maybe not. If you are them, wouldn't you take advantage of the market and play it too to have more? Of course you'll play it too. I know I'll play it too if I were them. But since I am just a plankton in this crypto scheme of things, I just follow the tide. And I hope not to be swallowed by it and earn a little here and there from my trades.
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July 06, 2018, 11:01:13 AM
 #105

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?

From what I understood about them, I do not think they control the market when Bitcoin goes up or down. They would take advantage of the bad stuff going around the Bitcoin world where it tells newbies and inexperienced investors and traders to sell them until it reaches a targeted low price where they would start buying again. Just my two sats.

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July 06, 2018, 01:47:21 PM
 #106

Dude, yes, that's right, whales control the whole process. They are becoming richer and richer every day. For this, they create very high volatility. But why did you create this topic? Do you want to suggest that you make a world revolution and take their money from them?)
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July 09, 2018, 06:55:14 PM
 #107

Everybody would have a different opinion on this. Mine is that whales definitely have some control on their market. That’s quite obvious. If you have sufficient resources to affect the market according to your preference then obviously you will do that. Their investments are very large such that they can affect the price of the coin. When the whales sold their investments at a high price, the price crashes heavily. Then they get an opportunity to but the coins at a lower price thereby earning more profits.
bitfocus
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July 09, 2018, 06:59:11 PM
 #108

Whales don't control the market, they influence people with news and rumors.
pratik009
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July 09, 2018, 07:00:58 PM
 #109

Yeah the whales are control the market but not the whole market. It means they can sell only their coins to the market.They use one simple strategy that they buy coins at very law price into bulk and therefore the marketcap of coin will increase and therefore tje price will also increase.so when the price go to high they sell out there coins and earn huge profits.it means they can control only few parts of market.

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July 10, 2018, 04:20:08 AM
 #110

on its basis in every market there is always a financial monopoly and in Bitcoin also exist, and its term is not Monopoly but Whale.

but the Pope is not like Monopoly here, if Monopoly is in motion to dominate the market and harming others in cryptocurrency when the whale decreases its price then it's already made sure it's also a loss, right?
Turkish88
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July 10, 2018, 04:23:37 AM
 #111

This market controlled by supply and demand rules only.
this means what all in big holders hand.
This is who hacked mtgox many years ago and fonder satoshi

sphincter007
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July 10, 2018, 04:37:59 AM
 #112

Whales in crypto is a term used to describe the big player in bitcoin.I believe they can manipulate the market and because of this they has   the power control it.
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July 10, 2018, 04:39:43 AM
 #113

I think it's true that people who enter the bitcoin market in the early days or early mining are big whale, and they may have a lot of bitcoins.
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July 11, 2018, 07:54:46 AM
 #114

Whales don't control the market, they influence people with news and rumors.

sometimes, they can control the market by the increase and decrease the price. we can see this is happening over and over. the whales have their ability to play with the price because they a lot of money to move the price. but they cannot always play with the price because once people move in the market, they cannot play again and they will follow with the market. and yes, the whales are always taken our money because they can easy to make people become panic and we should not follow the people which is panic and we need to stay calm for a while.




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July 11, 2018, 08:15:00 AM
 #115

Whales don't control the market, they influence people with news and rumors.

sometimes, they can control the market by the increase and decrease the price. we can see this is happening over and over. the whales have their ability to play with the price because they a lot of money to move the price. but they cannot always play with the price because once people move in the market, they cannot play again and they will follow with the market. and yes, the whales are always taken our money because they can easy to make people become panic and we should not follow the people which is panic and we need to stay calm for a while.

Its hard to prove that bitcoin price fluctuation is because whales action. But i do believe, price can be controlled if we have large capital and whales have it. Whales have large capital and can make peoples in market panic with spreading false rumours.

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July 11, 2018, 08:17:59 AM
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 #116

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?
In fact, whales are controlling the price of the cryptocurrency market. Because I know there is a whale in China. And this whale is holding 92,000 BTC in his wallet. If he agrees to sell Bitcoin at a low price then surely the price of the market will fall down very quickly
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July 11, 2018, 08:18:09 AM
 #117

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?
Whales controlling the market is not a myth, it happens every time.They buy to create a temporary hype,every one rushes in and start buying,when the price has gone up considerably,they start dumping their coins.This possible because the market is still at infancy
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July 11, 2018, 08:19:07 AM
 #118

They can't control the market for a long time. The biggest possibility is that they will cause price fluctuations in the short term. They will influence the price with some news, fake news and rumors.
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July 11, 2018, 08:20:03 AM
 #119

Yes it seems that the market is really controlled by big players. Because there are things that really speak about it.
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July 11, 2018, 08:20:34 AM
 #120

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?
This is not a myth. This is true in the present; you think in late 2017, the Bitcoin price increase of $ 20,000 is due to each everyone's needs. I think it is undoubtedly the whale who pumped money and pushed Bitcoin prices up
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