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

[qiwoman2]

I believe they ar emanipulating the market. The marke tis small and these whales have a ton of Bitcoin they cna unleash on the markets, plus at places like Bitfinex whereby you have up to 500 to one leverage you can make a ton of money shorting Bitcoin without owning a single bitcoin. So in a bearish market people are making heaps of profits shorting the crypto market at large. This is why we are seeing no respite and upside in the market. It will take a lot of mass adoption and new money to come in before we see any upside and I don't see it happening this year to be honest.. Prepare for blood in the streets, suicides and capitulation before we see any upside.

[1713290946]

1713290946

[1713290946]

1713290946

[1713290946]

1713290946

[1713290946]

1713290946

[1713290946]

1713290946

[dmcx]

Whales are controlling the market in recent years. Some groups claim to be whales, and they are billionaires in the world. They bought Bitcoin at low cost and then injected money to increase Bitcoin prices. After the price continues to rise following the trend of the market, they will sell all of Bitcoin bought earlier

[anon.ph011]

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?

well it happens many times that the whales sales all of their holdings and buy another coin that is why people following those big holders and if its that happen some fool will panic selling and dump the market so they can sell their own first.

[crazycatwoman03]

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.

Whales really do earn big money by manipulating the market but I don't think that it is already that it was really their doing. It is believe that they can because they have lots of money and when people panic sells, this is when they get big profit. With their money, they can do big investments on lower price causing the market price to rise and them to earn. It is pretty tricky but still, it is just and observation that is not yet proven.

[jayveerastrullo]

I am more like 50 50 with this. Like we are the one responsible for the movement of bitcoin , we are who decide the value of bitcoin. Bitcoin value really depends to us. But somehow maybe there is someonw who manipulate or control the bitcoin, but we really don't know.

[BitRentXx]

I think not, every bitcoin holder has control over their bitcoin, even though the presence of whales can affect market prices but you still have full rights to your bitcoin.

[jack8989]

I think not, every bitcoin holder has control over their bitcoin, even though the presence of whales can affect market prices but you still have full rights to your bitcoin.

Yes, whales are controlling the cryptocurrency market. I hope that the government will accept Bitcoin and instead the government will control the price of Bitcoin also as the government controls the price of gold.

[mung_nasib]

I do not think the whale can affect the bitcoin price at all because only fans can rely on price movements at any time other than that with the circulation of bad news about crypto make changes to the price later and in these circumstances traders should remain patient to continue holding asset for several months.

[micheal wang]

Whales will also depend on market conditions, if the crypto market is filled with positive news then whales will make the bitcoin price rise drastically, and when the market is filled with negative news then the whales also will make the bitcoin price decrease.

[alfs75]

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?

Totally,we could not prove a full evidence that whales or the big player is the one who controlled the bitcoin in the market,but having a common sense maybe we could determine thats there's no other one who could do this only them because they are only the organization who are capable of doing this kind of act because they have a lots of asset that can control the blockchain market,so there for me this is not a myth.

[Bitfling]

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?

It is not a myth. Just imagine if someone have a great amount of bitcoin in their wallet. And they want to sell it in the market quick, by dumping it.
It can causing the price on the market falling greatly in no time. Will need time to be corrected back to the price before.

But if they can control bitcoin price, they must be want to make big profits. And to make big profits, whales should be want bitcoin highest as it can. I think bitcoin price fall right now because many peoples take profits at highest price and many peoples panic with many negative news around crypto market

[DaftAjax]

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?

There is no evidence in my knowledge atleast. But for some reason, it is slowly turning into something suspicious that it might actually be true. Given the suspicion in the last couple of years now, the price of Bitcoin tends to rocket before the end of the year, and its always like that otherwise often. Its a possibility, but personally I think the whales are contributing 1/4 to even 1/2 of the pump, and the rest are unknown, atleast to my knowledge. Maybe these people are the only ones who really know how the market prices react.

[MUSFIKAR]

Yes we can say what we know nowadays that whales do not keep doing market control, they just come there, affecting prices significantly to get their goals. Basically the news about the whales controlling the market has no evidence and that's just someone's opinion, the price down as the negative news continues to spread and some hacking from the exchange.

[renggileh]

yes the whale is controlling the market, but that is not entirely.
maybe only 20%, I think only the most influential current media of bitcoin prices.

[petubtc]

We can't say this for sure. We can't know actually since everyone is anonymous. But in my opinion it is possible with their tons of coins they can somewhat control the price of bitcoin.

[ubeng07]

I do not think the whale can affect the bitcoin price at all because only fans can rely on price movements at any time other than that with the circulation of bad news about crypto make changes to the price later and in these circumstances traders should remain patient to continue holding asset for several months.

whales really may have some affect for what we may also have to experience for like we should and we need to be more patient even we may ever have to experience how whales play the market we should go for it.

[Ucy]

Whales trade Cryptocurrency  for profit like everyone else right? So what kind of  Whales  buy up loads of coins to manipulate and keep the market down?
Such Whales are certainly not after profit as you can see. So what then are they after and who are they?  your guess is as good as mine.

[Igromania]

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?

Of course have. At the moment, this market is controlled by the news and large injections of money, and pour the money people who have a lot of money, that is, whales.

[RawDog]

Whales trade Cryptocurrency  for profit like everyone else right? So what kind of  Whales  buy up loads of coins to manipulate and keep the market down?
Such Whales are certainly not after profit as you can see. So what then are they after and who are they?  your guess is as good as mine.

Whales buy low - and sell high.  You and your dumb friends buy every time it is high - and then you panic out and sell low like fools.

[gabbie2010]

The 'whales' do have an impact and control on the price of bitcoin there is no doubt about that, recall whenever Mt.Gox dumps btc it always resulted into massive price drop, this had been reoccurring quite a couple of times, while the novices or newbies dumped at a high price due to FUD while the ' whales' buys low.