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

[Dacosta Osei-Tutu]

I believe that the whales truly control the market. The price of bitcoin is based on the principle of demand and supply. Once the whales decide to dump their coins, it tends to increase the supply of the coin and cause a decrease in the value of the coin. Since the whales hold relatively higher percentage of the coin, their dump have a significant effect on the price.

[cpoer2011]

Maybe whales really control the market but not enterily because not just whales hold the crypto. The crypto community is huge and many people in it. So, if we hold the bitcoin or altcoin the whales can not control the market. cmiiw

[aysg76]

Maybe whales really control the market but not enterily because not just whales hold the crypto. The crypto community is huge and many people in it. So, if we hold the bitcoin or altcoin the whales can not control the market. cmiiw

Well, whales may have control over the market up to some extent but not the entire one as the crypto market is quite massive and is still developing. However, they can just impact the market in some way or the other but cannot truly possess the control over it...

[Bestorm]

I always believe that the market is controlled by manipulators who are the biggest bitcoiners. And i'm sure that there is no myth in this market, everything is arranged

[Desscount]

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 always manipulation especially at this time, the possibility of the role of the pope in a situation that tends to decline. but I think the market always presents choices in trading, that's why you must really have the knowledge.

[mekie]

As has been pointed out, if they dump a load of coins into  the market, be they Bitcoin Ether or any other coin then the price will drop and that is counter productive. What they may do is spread false information to either increase the value or decrease the value, in order to buy more coin cheaper and sell at a better margin.

[Jian_Liux]

The Pope does control the market, because they have a lot of money to pump, they always stalk the market, and try to cause panic so they can make a big profit. This is not a myth for me, but it is something that really happened in the crypto market to date.

[kerjakuat]

Whales that has billions of money definitely can control the market plus creating fud to scared new investors and create panic sell. I can say yes they can do chaos to cryptos if they wanted. The rich getting rich and the poor take a hit.

[mornabo]

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?

They don't necessarily control the market. They just have a big impact over it when they do transactions.any change, no matter how small or big it is it will have an impact over the market.

Thats right, they don't control it fully but what they do like their speculations, their actions, their suggestions, it will have a big
impact on the market, see them as influencers and also have a large amount of capital in this market

[AdoboCandies]

Yes they can manipulate and control the market easily if they have a lot of money and a lot of tokens they hodl there is no need for evidence you can check different tokens who are only pump and dump that is the workings of the manipulation of whales and not only in crypto world because you can also see some manipulation in the market in our economy like hoarding and different things so we can say that the manipulation are true.

[Emilyp]

I think they do considering how much a huge sell off affect the price of a coin. A high sell order will significantly affect the market.

[Xising]

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 by definition are people who hold ridiculously large amounts of cryptos. They hold amounts big enough to control the market. For all we know, a single “whale” could have caused the crash in the market and reverse it the next month. As for average Joes like us, all we could do is hold and refrain from panic selling. Mysterious? yes, for they could always hide their identity. Evidence? no need for that, just logic and common sense.

[Ruffian1314]

I think they are called whales just because they have the power to buy bitcoins in such a huge amount like for
example a person or people who have worth of $500million or even billion dollars just to buy bitcons. That amount of money can really make the price change. Like for instance that happened last year which they accused mt.gox who sold a $400million worth of bitcoins caused the price fall.

[Treasurer]

Whales that has billions of money definitely can control the market plus creating fud to scared new investors and create panic sell. I can say yes they can do chaos to cryptos if they wanted. The rich getting rich and the poor take a hit.

The crypto market attracts people with anonymity, lack of control, volatility and decentralization! All these qualities allow those who have a lot of coins to influence the price of a single coin, while remaining incognito. And those with few coins can use the price change to get rich!

[Wipeout2097]

There are whales who control the crypto market.There is not seen trend of fluctuating price but it happens when a group of whale inject or withdraw the investment.
To know the activities of the whales must study the past history of charts of coins it will help to take rational decisions.

[miropp]

As we know that the price of a coin changes depending on what transactions are made with it. There are large investors in the market who have a huge number of bitcoins and they can influence the exchange rate in some way. It's quite logical, I think. Cryptocurrencies are decentralized and we manage it ourselves, there is no body that would control it.

[DAVETUN]

It is not a myth, but real, whales do control the cryptocurrency market, I believe strongly that the long bearish market we have been experiencing since the year began, can also be link to the powers of the whales, If the whale move a token or dump a price on the market, since they hold a large share, they can decide to reduce the price of a token at a particular time, for there personal gain.

[liseff3]

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?

Not a myth or a figment. Given that bitcoin which is not authorized by government legal entities, has made it vulnerable to manipulation by a group of big whales. Large whales are more camouflage they can be behind anyone, for example CBOE, exchange sites or companies, etc.

[ronnis.gomes]

All types of investments, the rule is: whales always manipulate the markets and it is a true in the crypto market too

[mklost]

No, They don't control the crypto market but it is not a myth too. Whales control the crypto market for a short time, they can't control the whole crypto market for a long time. If whales can control it then we must say cryptocurrency can be controlled? Whales chose some exact exchanges and exact coin to control the price.