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

[andika2018]

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 hard to call it a myth because whales have a lot resources and big capital. Price in market determined by supply and demand and if whales hold many bitcoin in their wallet, its could happen they can dictate price in market

[DoublerHunter]

They really control the market, the panic selling scenario is just covering them up so the people think that they are not manipulating the market but the reality is, before the panic selling happens, they are the one who is engaging and trying to manipulate the market depending on their preferences and that is when the legit investors reacts lately to what they did by panic selling.

[The_Dark_Knight]

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 a myth, while in theory they could exercise a great control over the market you will see that many whales have not moved their coins for years and many of them are only doing one thing and that is to accumulate even more coins, they are not selling so the crash in the market was not caused by the whales the crash was caused by the forces of the market.

[maskeffec]

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?

To show evidence is very difficult, but they are very neat in manipulating prices in the crypto market, they lower the price and spread the news about FUDS with the aim of creating panic among investors so that investors make panic sales, after the price drops down due to the large number of sales then the whale returned to buy it at a cheap price to sell at an expensive price.

[pxo1106]

Yes, whales are really there.
They are observing the market and if they see
an opportunity to control the market, they can and they will.
Mostly, this whales can manipulate and influence the market.
So, this definitely proved that they are not a myth and the word "myth"
is too absurd.

[cizatext]

We can deny the fact that the whales have strong influence on the market due to they smartness and access to huge found which can be use to easily carry out pump and dump activities, and also their take advantage of the market volatility to carry out they evil activities which normally affect the price.

[Usafstar]

The bitcoin holders have an edge in the market and they have some control because they have many of the currencies so they have a control over the demand and supply forces and they have some control over crypto market and being the large amount holders they have choice of the growth.

[bitfocus]

they can't control the market, basically no one can, but they influence people a lot.

[NicoleMorgan764]

Newcomers to the cryptocurrency market still suspect that whales are controlling the crypto market. However, the volatility of the market depends on many factors.

[Labay]

It isn't that hard to figure that out even if you don't have actual evidence. Logically, if you have enough coins to manipulate the market to your advatage, why won't you? And i think there have been several instances where a single transaction from the same wallet address bought or sold enough coins to move the market.

that's the point, there are too many person who have a lot of average of coin that can control in the market.  They are rich from crypto and they become richer because of opportunity they have.  I think there are some whales that composed of too many members that's why there are same address.

[severaldetails]

The whales who existed became incredibly rich. I can imagine that at some point they lost interest in the market and turned their attention to enjoying their lives.
To me the crypto market has the same laws like as other market, only here everything works much faster.

[Ausgewielt]

That is not a myth, all of cryptocurrencies are only new currency so the liquidity very low, that's why if there is an investors who made 1000 btc of transactions in the exchange then it's enough to influence bitcoin price. So that's is true

[Btcvilla]

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 there is a lot of debate for this, but if the market grows, there will certainly be a lot of popes involved. as well as the decline that occurred. Market patterns are very difficult to learn at this time, because after the accident there are many cases that occur every month. I think this requires precision and analysis

[stayeduptolate]

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?

Bitcoin is a volatile crypto currency and thus is a kind of investment too so it’s va keeps on flactuation with the market and varies according to market demand and supply and thus there are many factors that controls the valuations of bitcoin like the higher the number of investors and higher the amount they are investing in bitcoin, higher will be the demand and in return higher will be the valuation and vice versa so whales are the investors who invest a huge amount in bitcoin so obviously whales will affect the valuation of bitcoin and in positive way if they are investing a huge amount in bitcoin.

[Kira_lapa]

I think that the market is really controlled by whales. Bitcoin is not a valuable paper, so it is legal for a group of bitcoin owners to agree and redeem the crypto currency in order to raise the market and then sell it immediately.

[burakdat]

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?

Before i am thinking that the whales are the mere reason why market price will be having huge fluctuations on market price movements however nowadays it seems not true because it takes more than a whale to manipulate market price for the crypto market.

[buy_crypt_sell]

Of course Yes! Large investors are big enough to manipulate the cryptocurrency market. They also manipulate the conventional currency market. That's how they make money. It always has been and will be, alas...

[The_Dark_Knight]

they can't control the market, basically no one can, but they influence people a lot.

Even their influence is exaggerated, many people try to blame all the problems to the whales not understanding that most of the time the whales are not moving at all, they are just watching the market or buying coins so the ones that are completely responsible for what was being done it's happening are the traders and the speculators that as soon as the market moves sell all their coins.

[mornabo]

if in my opinion, the price of bitcoin falls because there are several possibilities, bro
1. there is a large whale playing on bitcoin so they want to make a pr2. they deliberately tried to act out the price of the Bitcon. With the aim that the price of bitcoin will rise again as at the end of 2017 ..ofit by doing things that make bitcoin prices fall ..

I did not rule out the possibility that the change in the price of bitcoin was influenced by the whales, I also believe that it sometimes happens, but not always the price is controlled by the whales, price changes are also influenced by many things, considering we have very large users of course any influence can occur

[Docnaster]

There have been a few times where it has been demonstrated that whales have controlled the market, usually it is not intentional market manipulation, but just due to either a huge buy in, or sell out. For example there are a bunch of large known wallets which people track, if these wallets suddenly start moving large amounts of BTC around it is clear that the amount of BTC available increases, hence the average cost decreases.