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

[letecia012]

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 are lot of times where Bitcoin and other altcoins where accused of price manipulation and though there are no concrete evidence, it seems that this is really happening specially whales have lot of funds and when they sell or buy it really affect the price movement.

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[onrise]

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

Big investors do have a larger control in the market because of the volume . If some one has say 10k btc and started to sell then it is expected that market will come down and not rise suddenly. Just if group of large investors come together and started to dump it then price and demand will get effected

[fosco333]

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?

The whales is possible to control the market, but i guess it is not easy as we imagine.
Even if they have many coins in their wallets, they need to using the wallet in every exchange to control the market.
You know there are many exchanges with a great volume in the market, it will be difficult to control all.

[traderethereum]

I am not sure about this, but my feeling says they have controlled the market and some of them still hold a large number of many coins. I think this is why that the market sometimes can increase too higher or decrease too deep because some people or some group moves the price to that range of price. But still, we don't know the truth, and we can only guess in many times.

[Apes]

I think it's true. there is a whale who controls buy and sell cryptocurrencies market price. indeed they does not have many coins as a market controller but I assume that those who have large funds work together in creating market price like they want. try to imagine if their large funds join and work together in transactions. I think that is very possible.

[Legendari]

I think whales have some control over the market but they're not omnipotent. They may have some impact on the price, but managing the market  - it sounds like a fairy tale. IMHO

[Rooster101]

These whales or big time investors may not control the cryptocurrency market but they easily manipulates prices to their preferred price in anytime they want. But there is still no sufficient evidences if these so-called whales can turn market or a coin into a bullish and bearish state. If majority of the investors moves to buy coins simultaneously, the market would surely go up even if the whales want it the other way.

[richman3451]

The influence of whales is very significant in the market; this is noticeable even to a new person in the crypto world, as large coin holders have collapsed the market making transactions between their accounts.

[btc_angela]

These whales or big time investors may not control the cryptocurrency market but they easily manipulates prices to their preferred price in anytime they want. But there is still no sufficient evidences if these so-called whales can turn market or a coin into a bullish and bearish state. If majority of the investors moves to buy coins simultaneously, the market would surely go up even if the whales want it the other way.

Manipulate or influence is what we can describe about whales. They intimidated newbie traders by posting large sell orders, causing them to panic. Of course we don't have sufficient proof because every address doesn't have a name so we don't know we this whales are. But I certainly believed that they really exist.

[pedangrusak]

whales are the most bitcoin or crypto holders and there they have the freedom to play market prices especially when they are in groups to create havoc on the market. but the market is indeed supposed to be dynamic in accordance with the rules of supply and demand

[doodle07]

For me they can not control it but they can easily influence the market for the transactions they will make and for sure if they all cooperate they can nurture the price for a short period of time, that's what I know. Whales are the large investors so just cooperate with them and hold your coins.

[yugyug]

In a world of investments whale has the power to control the market but in a world of decentralised crypto world whale is just a myth although he can manipulate the market for very short period of time and for the bitcoin the miners has the greater control of the market.

[reality18]

The question is who are the whales? Whales in crypto are the renowned and expert people in crypto with much influence. These whales have large audience who follow every step they take. Remember, crypto is strongly affected by the attitude of people towards it on the market. Once the whales influence their audience or followers to act in a certain way towards the market, the market moves in such direction.

[Fredomago]

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

Big investors do have a larger control in the market because of the volume . If some one has say 10k btc and started to sell then it is expected that market will come down and not rise suddenly. Just if group of large investors come together and started to dump it then price and demand will get effected

Simple and its reality, who holds the large numbers of coins inside their wallet can make sudden movement, and if ever a group has been formed to
do the market shake they can easily do that and make it according to whatever directions they've desired to go, no one can deny that even in the
stock market there's also whales who can drive the assets to its downfall or certain bull run.

[bhabygrim]

I think they really do but they don't control it they create a certain move and that move could start the pump or dump of the market,
So for me they could really control the market and we have seen it before .

[chixka000]

We can't say for sure because no whale admits that they are actually manipulating the market. But we can infer from the facts and either believe it or not. I think the market is being manipulated.

[ranman09]

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?

Market is not controlled by anyone but it is most definitely manipulated y big players.
For decades penny stocks and big stocks have been manipulated even in their regulated environment, so what make you think that BTC with its low volume and thin books lately cant be manipulated? it can and it is.

Just what I am thinking. Anything that has market can be manipulated by large sums of it. Say it's gold, stocks or fiat. It all can be manipulated.

[Altf4]

If I would think ,whales maybe or might has the power to control the market, it sometimes be a myth but there could be possibility that whales might do or not do it ,it will depends on how this big capitalists has the influence to control the market, so the possibility will be true or not.

[raidarksword]

Having a lot of assets and money could possibly be able to control the market, which is possible indeed, no doubt about it. Whales are important in the market because in my opinion they can dictate a possible market scenario  that can fully benefits the crypto market that can make it stable.

[conected]

These whales or big time investors may not control the cryptocurrency market but they easily manipulates prices to their preferred price in anytime they want. But there is still no sufficient evidences if these so-called whales can turn market or a coin into a bullish and bearish state. If majority of the investors moves to buy coins simultaneously, the market would surely go up even if the whales want it the other way.

- I feel that if whales wanted the market to go the other way, investors would not be able to resist because whales are a group of big men in the market, their finances are probably extremely large, they coordinate while investors are uncoordinated and trust each other. And with such advantages, they want the market to rise or fall a very easy thing, they are really kings and control the market, maybe you or many other people do not believe in this and feel they have no such great power but everything is true, no bad news or random or coincident, all are arranged by the whale