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

[suemendez25]

yeah i do think this whales are true.Manipulating the market their tons of coins making the value decline and causing panic to new users.

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[Hammonds]

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.

It's true sir, because that's the proof of it, we little people who have little Bitcoin always in a panic panic when the price is under and always buy at the top price.

If I were a Whale I would probably make Exchange only and not want to manipulate the market, because I'm too sorry for others.

[Marachgalthena]

Back in October of 2014, there was an event where a massive bitcoin whale liquidated 30,000 bitcoins for $300 a piece. Many traders and speculators thought it would wreck the market at the time but instead, the order was ripped through by buyers and bitcoin’s price subsequently rose to $375.The event was remembered forever, and the trader will forever be known as the “bear whale.” The 30,000 BTC order was also recorded on video alongside many memes and graphics depicting the epic slaying of this gigantic whale. Many bitcoiners felt victorious that day in October because a whale of that size failed to sway the market.

[boyshx]

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 am sure that this market is always manipulated by these people and we will see this all the time. I guess we dont need any proof here as this is decentralised market and everyone knows anyone can come up with full loaded bag of cash and throw it here to rise the market and in the similar fashion then can revert the situation. What to say about manipulation when we have biggest example of this year that is Mt. Gox who depleted the market cap by selling 400 billions worth bitcoins and then created total conflicting situation in the market. I guess this is your proof if you really wanted to have one. There might many more hidden names who may not come up front due to secrete nature of the crypto currencies.

[lamroinhau09]

If you would simply look even at Bitcoin's price chart you will see that in some time frame you will see some kind of sudden spike in its volume and even in its prices, this sudden spike is more likely be done by whales rather than a lot of people coordinating to buy or sell at the same time. They have the money to pump as well as the cryptocurrency to offload in one big dump. This is no myth as this whales literally lurk in our market even until now. I don't even know where you have that thought that they are just a myth created by people.

When you see the mutations in the transaction graph. The rate of whale activity is very low, which is precisely those large investment funds, trying to capture or sell.

[dmitry6]

Yes definitely whales control market because many big transaction is doing by big bulk crypto holders and if particular person or group of peoples buy or sell in bulks definitely price can increase or decrease because they are manipulators of market and we can see many bulk transactions details on blockchain.info so here is no myth manipulators exist in market.

[Fujiati]

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 might happen, because the key is any money can be made to manipulate the market if you have a lot of money, but that's not entirely the reason that bitcoin prices are falling is still another reason.

[svetochka.yakovleva.93]

It is entirely possible that whales can control the market because almost the majority of bitcoins belong to them, and this means that while they can influence the bitcoin rate, but in my opinion they will soon lose their power and influence in the market

[Genamant]

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 do not think that there is evidence about whales controlling the market. It is just speculation that they can manipulate some coins and bitcoin like buying or selling in bulk. Maybe a group of whales to maximize control. But not regular coin holders as it needs a big amount to move the market and coordination

[Vanes_brz]

Whales on they and whales to win over with the market that they want) a lot of money can contribute to the movement of prices in one direction or another) I lie in this option)

[AAfunctionaluppityF]

Whales are controlling the market, I'm 100% sure about that.
You can see it on BTC dump & pump sessions, too many simoultaneous orders.

[Dico88]

A lot of negative news is always spreading and some hacking of the great shot exchanges what you hope to happen will be about the price going down drastically that can not be denied.

[n0ne]

Whales at times try to manipulate the market which is with the large volume of bitcoin the users keep hold. As bitcoin is speculative, surely bitcoin is manipulative and whales does it. Whales initiate the manipulation and the small scale holders who gets into panic just execute it better leading the price fall low, and further the whales use it an opportunity to invest for a bigger profiting.

[bitbunnny]

To my opinion the role of whales is exaggerated. In certain way they have influence on the market but too often they are given power that they don't actualy have.
The market manipulation whales can perform is not so substantial as many believe. And whales are often excuse for unconvenient situation that some users experienced but they can't control market in such extension that this would influence average user.

[RawDog]

Whales are controlling the market, I'm 100% sure about that.

Everybody knows.   

[avadonne]

Yes. That's why they called whales because they are manipulating the market. It isn't a myth. The crypto market will never be in ups and downs if there are no big traders that will put their money on and play the game.

[KingScorpio]

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?

jes they do, they manipulate media before they bought bitcoin, to achieve a so called bull run to scam the former owners.

[prehisto]

The market manipulation in general is not an myth , the stock market has and is manipulated by very big players they are using peoples fear and greed to their advantage .
Since stock market is n times bigger than crypto market , it is only logical to think that this market is manipulated as well and this is often seen in graph also.

[ChemisTea]

Im pretty sure whales exist   they can manipulate a big volume of the market causing drastic spikes.

[Ninellechka]

I'm into crypto for almost a year. Not too long, of course, but it's enough to understand that there are some "higher forces" behind the crypto market. I haven't decided yet whether it's good or not. First of all I'd like to know what the goal of these players is) but it's highly possible we will never know it))