Article Says that Whales Cannot Tank the Market

[paramind22]

"The bottom line? The role of whales in the Bitcoin market may be overstated. The top 32 whales control around 6% of the supply, but that figure drops to 4.6% when lost Bitcoins are taken into account."

http://fortune.com/2018/10/10/can-the-whales-of-bitcoin-tank-the-market/

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[jacafbiz]

"The bottom line? The role of whales in the Bitcoin market may be overstated. The top 32 whales control around 6% of the supply, but that figure drops to 4.6% when lost Bitcoins are taken into account."

http://fortune.com/2018/10/10/can-the-whales-of-bitcoin-tank-the-market/

For me I don't think Whales alone are the one influencing the price, for me the prime suspect are the exchanges, alot of them gamble with investors money in the last bull run and are looking for ways to get their money back, another another school of thought says the institutional investors want to get into the market but at a fair price not 20K so they need to crash the market since they have the money 

[Awesomus Maximus]

I think bitcoin has pass the point where it can be manipulated by whales. It has become a more mature market where the price is being formed by collective forces rather than individual ones. It will take much more coins than the number indicated in the article to move the price considerably by a couple of so called whales.

[smoolae]

I still think that a whale who holds a large sum of BTC or any other top 100 coin is able to turn the market blood red and keep it there for as long as the bags are sold. It's just the thing that BTC orders at the CMC price will get filled REALLY quickly in different exchanges.

If somebody would like to sell even 10BTC at once in one of the top exchanges the drop in BTC price would be perceptible. Liquidity isn't really that high.

[randythered]

6% or 4.6% it's by far enough to tank the market. Look what happened with the mt.gox coins that were sold recently, that wasn't anywhere near to the amounts you're speaking of and it really damaged the price. The orderbooks across the whole of the crypto market wouldn't cover the 4.6% of coins so any large sell order would create a huge downward spiral. 4.6% is around 1m bitcoin or 6bn dollars. That much money coming to market would never be swallowed up by buy orders.

[Zadicar]

"The bottom line? The role of whales in the Bitcoin market may be overstated. The top 32 whales control around 6% of the supply, but that figure drops to 4.6% when lost Bitcoins are taken into account."

http://fortune.com/2018/10/10/can-the-whales-of-bitcoin-tank-the-market/

For me I don't think Whales alone are the one influencing the price, for me the prime suspect are the exchanges, alot of them gamble with investors money in the last bull run and are looking for ways to get their money back, another another school of thought says the institutional investors want to get into the market but at a fair price not 20K so they need to crash the market since they have the money 

Either both sides you can really say such possible things that do happen behind because seeing the market on this situation will really lead into those plausible scenarios and as you said, whales arent the only ones
who do really have the capability on influencing the price of the entire market but somehow they do have the position on such possible event but basing on those percentages it wont really be that enough but still can give out some significant impact.

[xIIImaL]

"The bottom line? The role of whales in the Bitcoin market may be overstated. The top 32 whales control around 6% of the supply, but that figure drops to 4.6% when lost Bitcoins are taken into account."

http://fortune.com/2018/10/10/can-the-whales-of-bitcoin-tank-the-market/

Whlaes controlling the cryptocurrencies market is just a myth only. If you want to invest and money don't care any news or article. Most of the news sites and others sharing fake information only about cryptocurrencies.
No one like the emergence of decentralized platform and bitcoin.

This move may be continued but for long term they cannot manipulate the market.

[Psynthax]

"The bottom line? The role of whales in the Bitcoin market may be overstated. The top 32 whales control around 6% of the supply, but that figure drops to 4.6% when lost Bitcoins are taken into account."

http://fortune.com/2018/10/10/can-the-whales-of-bitcoin-tank-the-market/

more than 90% of bitcoins owned by hundreds account and it's not more than a thousand account and imagie if there was millions people are using crypto right now and does it make sense? it doesn't.
But these guys never try to do anything with it and remember someone that has been loosing 30k bitcoin caused by his wallet gets destroyed.

[batang_bitcoin]

They hold large amount of bitcoin and they have a biggest portion in the market. They may not total control the market but at least they can influence the market and move a bit of it which lead people to follow the path that they are going through. And having that, they can collect the force that they need to do what they want with the help of the small holders who are being lead to panic by their news.

[patz22]

They hold large amount of bitcoin and they have a biggest portion in the market. They may not total control the market but at least they can influence the market and move a bit of it which lead people to follow the path that they are going through. And having that, they can collect the force that they need to do what they want with the help of the small holders who are being lead to panic by their news.

That's right! Whales can easily influence the market at any time whenever they wanted to which at some point small time investors will win or sometimes lose that's why we have to be vigilant when they will do something.

And I believe not only whales, known personalities and news are affecting the value of market whenever they utter something may bad or good.

[batang_bitcoin]

They hold large amount of bitcoin and they have a biggest portion in the market. They may not total control the market but at least they can influence the market and move a bit of it which lead people to follow the path that they are going through. And having that, they can collect the force that they need to do what they want with the help of the small holders who are being lead to panic by their news.

That's right! Whales can easily influence the market at any time whenever they wanted to which at some point small time investors will win or sometimes lose that's why we have to be vigilant when they will do something.

And I believe not only whales, known personalities and news are affecting the value of market whenever they utter something may bad or good.

News do really affect the market as they give emotional impact to the investors on what they must do.

Known personalities and even guesses of well known segment of TV shows that tackles with crypto are influencing as well. They are asking anyone whom can be titled as an 'expert' and will get the idea on where the market will go.

[Virtual-Money]

"The bottom line? The role of whales in the Bitcoin market may be overstated. The top 32 whales control around 6% of the supply, but that figure drops to 4.6% when lost Bitcoins are taken into account."

http://fortune.com/2018/10/10/can-the-whales-of-bitcoin-tank-the-market/

For me I don't think Whales alone are the one influencing the price, for me the prime suspect are the exchanges, alot of them gamble with investors money in the last bull run and are looking for ways to get their money back, another another school of thought says the institutional investors want to get into the market but at a fair price not 20K so they need to crash the market since they have the money 

I agree with you, that's what im also thinking, the owner of the exchange is also the one manipulating the price of a coin

[GirlBitcoin]

"The bottom line? The role of whales in the Bitcoin market may be overstated. The top 32 whales control around 6% of the supply, but that figure drops to 4.6% when lost Bitcoins are taken into account."

http://fortune.com/2018/10/10/can-the-whales-of-bitcoin-tank-the-market/

Well, it turns out that bitcoin diggers and traders are the most bitcoin holders. That made me quite surprised. I thought criminal whales were the most likely.
But anyway, that made me happy. Because criminals often get very bad results if they hold a high percentage of Bitcoin.

[Tr0p1k]

I think whales are not manipulating the market,, exchanges are manipulating the market..

They learned how to play the game to make extra money they can play the game with us..

Look how big binance is how much money they have..

They can destroy every wall in the market to bring the price higher to stimulate the mass and let them buy..

After the mass buys they can slowly sell it to the mass..

Im also in the stock market, but im for 99% sure that exchanges are the real bosses in this crypto world..

Binance can buy for 100 million dollar coins and add that coin to there exchange and dump it before everyone else..

But it doesnt matter maybe i bought the same coin and when they list it on there exchange i can make maybe money to..

[vit05]

Maybe the article is correct, but I do not know if that should be the approach. The big problem when talking about whales that can dump BTC is because they can do at a time when the book has few orders.

Dump and Pump does not occur just because someone owns a lot of coins. Today a dump of 3k occurred that generated great uncertainties in the market. But if the market is liquid, and Blockstream's new sidechain is essential for that, it's becoming increasingly expensive to promote that panic.

But, something like selling in a volume like was MtGox would still be destructive. So it's good that this article brings to light that there are few wallets that can do something like this.

[Froy]

"The bottom line? The role of whales in the Bitcoin market may be overstated. The top 32 whales control around 6% of the supply, but that figure drops to 4.6% when lost Bitcoins are taken into account."

http://fortune.com/2018/10/10/can-the-whales-of-bitcoin-tank-the-market/

Exchanges and large companies also have a significant impact. And this whole mechanism should come together and only then the market will change, but for now they are waiting for positive news, which in principle are not foreseen.

[Cacingkemi]

For me I don't think Whales alone are the one influencing the price, for me the prime suspect are the exchanges, alot of them gamble with investors money in the last bull run and are looking for ways to get their money back, another another school of thought says the institutional investors want to get into the market but at a fair price not 20K so they need to crash the market since they have the money 

I also thought that to think about manipulating prices on certain exchanges to get money,but it was unfair if the exchange was cornered in the average value of crypto shares.The most important news that reports a drop or rise can also affect but still a group of daily traders will dominate the market.

[auliahr]

the whale is always connected with the occurrence of a pump or dump, but is it only whales that can influence or control the market? remember, a fake news, or FUD alone can have an impact on the market. so keep believing in yourself and ignore if you don't agree with him.

[pageraji]

wow..who have more than 12.000 BTC?its over when this guy sell all he have, anything could happen when those whales enter to the exchange and make bitcoin price to 100$ again

[Cnut237]

"The bottom line? The role of whales in the Bitcoin market may be overstated. The top 32 whales control around 6% of the supply, but that figure drops to 4.6% when lost Bitcoins are taken into account."

http://fortune.com/2018/10/10/can-the-whales-of-bitcoin-tank-the-market/

The thing is though, they don't need to do it all by themselves. So long as anyone has enough influence to cause even a slight price drop, then lots of people will start to panic sell and the thing will snowball. It doesn't have to be the whales by themselves causing the whole thing, they just need to have enough of an effect to set it in motion and it will gather pace all by itself.