Crypto is a game of whales

[miracle24]

I believe. The Whales can pump or dump a coin as they want. A 10% increase with a huge investment is a good profit for them.
It's we the shrimps that are wailing lol

[Betwrong]

These kind of market behaviour is not peculiar to cryptocurrency alone,  in every market there will be people who gain upper hand and this may be as a result of capital that they control or political power they have.  Cryptocurrency is different because these kind of advantages is open  to anyone,  no restrictions!

The situation you are talking about will materialize in the future, I'm sure, but we are living in a different world yet. As many on this forum have pointed out, we are still in the early stage of adoption, and it's natural for this stage that most of the coins are in the hands of either those who created them or in the hands of the very first adopters. We need the number of crypto users to increase 20 times for the situation to change. But don't worry, it won't take long. In the fast changing modern world I think around two years from now will be enough.

The problem is that at the same time that there will be new crypto users there will also be many rich people and investment funds that will buy cryptocurrencies so new whales will be created and we will still have the same problem.

Wrong. Why do you think it's impossible to manipulate the price of USD or Euro? Why do you think they are more or less stable during the past years? And why do you think GBP is a bit less stable, although it is still pretty stable compared to crypto currencies? That is because around 330 million Europeans use the euro every day and, apart from 325 million Americans, around 400 million use USD abroad, while British pound is used by less than 100 million. So, there is a correlation between adoption and stability of a currency.

[MichleDow]

Do you believe that Crypto currency based on whales . and they make market circles. they can do what ever then.


I personally believe this , i think you too agree to this

- Its peer to peer currency then how come natural market circles ,

- Its an artificial things and manipulate the markets


 

I think that so far it is. But soon the exchange opens from NASDAQ and possible approval of ETF from the SEC. I hope that this will provide an opportunity for institutional investors to enter the market and the introduction of certain regulations and rules. It seems to me that manipulations will decrease after this.

[Alibagong]

Do you believe that Crypto currency based on whales . and they make market circles. they can do what ever then.


I personally believe this , i think you too agree to this

- Its peer to peer currency then how come natural market circles ,

- Its an artificial things and manipulate the markets


 

The whales have a big chance to take control of the market because of their huge funds and they can play the market anytime. In fact, the centralized exchange site has been supporting it because the crypto are using the supply and demand to determine its value and that makes the whales have a lot of chance to control the market direction.

You are right whales know everything in advance they calmly and easily control the stock exchange and prices . We can only look and believe in the good .

Indeed, the pope has the right to do so, because of his many funds. The exchange will be mastered and able to flip out the price, so we wait for the best.

[elosi]

I believe Whales exist in crypto currency but I don't believe they have much influence to control the market as people normally thought, if much people are into cryptos, I don't think they will have any effect on crypto because anytime they sell off other people will buy them up.

[batang_bitcoin]

Do you believe that Crypto currency based on whales . and they make market circles. they can do what ever then.

Not really about them but they can make an impact to the market.

Whoever controls the market has the big portion of money that was invested to the market and it's not only millions but more than that.

This what we are all been believing for the whales act for manipulating the market.

[sourish]

Market manipulations are a given, but that does not mitigate the resultant profits or losses, depending on where you stand.

[ghermghuda]

The whales of every coin controls a major part of the market situation. The same analogy happens with the coins. For instance, Bitcoin has the highest dominance and hence takes chare of the whole market. The same thing applies, whales hold the largest portion of the coin and hence can control the market with that holdings.

[slaman29]

I honestly don't think it's as simple as that. Perhaps if you're an altcoin trader (or should I say speculator) then all this makes sense to you. Price goes against you, you keep losing value, you keep depositing in more and your portfolio just keeps getting "redder".

But no one was complaining when these same whales played together to make Bitcoin price go up, right?

I think we give them too much credit. See all the volumes on trade. Look at all the conversations going on here. See all the people earning Bitcoin and spending them for pizza or whatever.

These aren't whales. Yet they're driving everything. I think 10,000 of us using Bitcoin every day is more impactful than 10 Whales moving things in one hour.

[isaevArb]

Mate everything is based on whales(almost) in this world. Thats the thing - if you have money you can do whatever you want, especially more money. And there is no difference for whales in market - they gain money on rising market, they gain money on falling market. All we need to do now - just fill our bags with promising crypto and just wait till they will play with each other

[xenomorphe1]

It is a game with winners and losers. Some are going to be richer and some poorer. Not everyone is going to become rich.

[Betwrong]

~

But no one was complaining when these same whales played together to make Bitcoin price go up, right?
~

Did they? It's an interesting question, because from my perspective, what they actually did was they made the price go down by selling from their stash when they saw the price was high enough. The thing is that to make the price go up you have to buy crypto with fiat, but they don't have much of fiat, they have mostly crypto, right? Why would they buy even more crypto, which they already have in big amounts, with fiat, which is what they really want to have? I think the price was rising not because of manipulations, but rather because of natural demand from the new adopters, and then it went down because of the whales' selling.

[lumira555]

These kind of market behaviour is not peculiar to cryptocurrency alone,  in every market there will be people who gain upper hand and this may be as a result of capital that they control or political power they have.  Cryptocurrency is different because these kind of advantages is open  to anyone,  no restrictions!

According to you, whales know and control the market ordinary people as we just look and hope that everything will be soon good and the market will start to grow steadily.

[lihongjing]

Yes, I very much agree with you. Only when whales have an idea will others follow them. Whales don't shake water, and sea water doesn't fluctuate. This is a group game where whales will bring countless small fish.

[angrybirdy]

Do you believe that Crypto currency based on whales . and they make market circles. they can do what ever then.


I personally believe this , i think you too agree to this

- Its peer to peer currency then how come natural market circles ,

- Its an artificial things and manipulate the markets


 

I think it is, big whales has the most control in the crypto market, since they do have a huge amount of holdings of every altcoins. they can easily manipulate the market if they want to.

[bungutko]

I believe that manipulation in the crypto market is driven by the whale investors with huge amount of btc reserves which could make an impact in the crypto market. If these whales will be selling huge amount of btc to earn more profit, it could result to more supply in the market and can lead to a bear market scenario. For those people who happens to do panic selling will eventually lose instead of gaining thus whales again will buy huge amount of btc to make the market goes up once again.

[indobitcoin.tk]

the greater the control. It does make sense if it thought. market conditions are always unstable certainly can be utilized easily by that has a large amount of crypto so it can make a profit for them. This will make small investors will increasingly often complained of the conditions if they are not good at in looking at potential.

[lumira555]

I believe that manipulation in the crypto market is driven by the whale investors with huge amount of btc reserves which could make an impact in the crypto market. If these whales will be selling huge amount of btc to earn more profit, it could result to more supply in the market and can lead to a bear market scenario. For those people who happens to do panic selling will eventually lose instead of gaining thus whales again will buy huge amount of btc to make the market goes up once again.

Whales buy not only bitcoins they have altcoins they play with all the coins on the exchange that they are profitable at the moment 

[steins19]

Its not just for whales. It is also for investors who dreamed to be whales. And it is very undenieble that we just go on the flow that they create. There's no limitation on the possibilities of Crypto.

[garciacarral]

I don't think so, crypto is very independent that this idea is not realistic for me and I think there could be another thoughts about it. I don't agree with you.