Crypto is a game of whales

[esteam008@gmail.com]

It is mandatory because they keep a huge amount of virtual money and when that virtual money is sold the market naturally falls and when they inject money into the market will increase.

[LadyK]

Yeah, crypto is so new, and the market cap still small, so it's very easy for whales to "make price". The only way to make money in this world is follow them.

[DikkieD]

For some project I definitely see big involvement by whales (and perhaps even institutes trying to get in while fudding crypto at the same time).

I figured I will not let myself be scared off by their tactics, even if prices drop to lower than all time lows

[jennycarter32]

Yeah the whales just dominate, volume is too low.

[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.

[waser12]

It is not a game. It is a good and win-win strategy of earning money on crypto. When you have more than 1 million $ and you now people with the same deposit you can join forces and manipulate price of bitcoin easily.

[heureca]

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


 

Of course, whales have the main influence on criptocurrency market. However, last year we see increasing influence of  institutional investors

[Dextord]

I think too so maybe there are some people or groups that set up but I I do not know, but I believe and keep positive thinking about the world of cryptocurrency is the future.

[BQ]

the market is relatively small, and is moved up or down by volume. so whales can short/long the market and then move the market in the direction they want.
in a sense, we can be certain the market won't crash completely - why would they kill their golden goose.
but it's definitely not good.

[pelumi20]

In my opinion I think the whales can have influence on the market or value of a coin just like the stock exchange, but not to a large extent.
I believe if a coin is promising or good enough, no matter the influence of the whales it will still have a good value.
This is the main reason why I think cryptocurrency still need some regulations.

[zerocashdev]

It seems to me that who you represent the whales of the market is not what it really is, I think the big players understand the behavior of the crowd and they manipulate the market for short distances and in the long run it plays the role of a crowd.

[secondhandlark5]

I think too so maybe there are some people or groups that set up but I I do not know, but I believe and keep positive thinking about the world of cryptocurrency is the future.

In the future there will change a lot, because the total of investors will increase what mean that the volume and total market cap wil also increase. This mean that the effect of the whales can decrease.

[syberwolfen]

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


 

Yes I am sure it's the game of big whales who dominates the market and fluctuates it for their benefit but we need to play smart and invest in those altcoins which is product ready and which can operate without support of crypto in future.

[Asimmo]

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

Well, whales for sure have their share of crupto, controlled and predictable.
But it shouldn`t mean that we, non-whales shouldn`t get involved and shouldn`t have hope to get rich.
Good traders tend to understand whales logic and upcoming moves, like "reads" in Poker.

[Ninellechka]

The more I'm involved in crypto the more I believe that it's true. There's definitely something behind the scenes which we, mere mortals, can hardly ever see. Hope "decentralization" is not just a sound, because it's one of the most important features in crypto. It will lose its sense without it. This is one of those rare cases when I wanna be wrong)) I guess, we'll learn the truth in the nearest future, in 2-3 years, after crypto is somehow better regulated all over the world.

[PeterCarlos]

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


 

Agreed, whales are dominating. the control large volume of market circles and can cause a change. sometimes I think that a group can manipulate the entire crypto market.

[Marlo Stanfield]

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


 

You can say that about any market in any economy too though. It's always the case that in a thinly traded market, people who large amounts of supply can greatly affect the price and such. The larger the market, and the larger the volume, the less this becomes possible.

[lady Royal]

Well, Obviously people with a lot of money can change the game of crypto market in seconds they can do whatever they want but they don't I think because they just don't care what is happening with the market because they are getting their profit.

[entemeister]

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.

[megaflux7]

Yeah big investors can manipulate the market big time because their actions whether to sell or hold has a big impact on the dump and pump of the market. If a whale decides to sell off $40million worth of btc we will see a sharp decline in the price of bitcoin and crypto as a whole and if they choose to invest the same amount we will see an increase in the crypto market cap.