Article Says that Whales Cannot Tank the Market

[Mihaylovic]

i dont agree with you. they can light the fuse of a pump or dump in crypto market. even selling few hundreds of bitcoin in a very short time period can affect the market. because stop loses starts working, panic seller starts to sell etc.

[1713892750]

1713892750

[randythered]

i dont agree with you. they can light the fuse of a pump or dump in crypto market. even selling few hundreds of bitcoin in a very short time period can affect the market. because stop loses starts working, panic seller starts to sell etc.

Too right, it works like snow, even the smallest flake can start a huge avalanche. If you can influence other peoples actions you can control the price for a far smaller amount than if you were trying to do it all of your own accord.

[paramind22]

It's a good thing that whales can't tank the market.  That means it's here to stay.  Too many small investors now.

[South Park]

"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 theory that the whales can manipulate the market as they want is very interesting but no one has ever shown proof that is the case, and like always when people lose money or make a mistake in the market they are going to try to find someone to blame, and the whales are the perfect scapegoat, because they are rich and you can blame them for all your problems instead of taking the blame yourself.

[Open4lies]

Next time, the whales will begin to phase out the exchange rate on the cryptocurrency market, whereby the whole exchange rate of the cryptos will increase rapidly. I predict that in November the exchange rate of the whole market will rebound strongly back to the same time as the end of 2017.

[Gastotade]

Next time, the whales will begin to phase out the exchange rate on the cryptocurrency market, whereby the whole exchange rate of the cryptos will increase rapidly. I predict that in November the exchange rate of the whole market will rebound strongly back to the same time as the end of 2017.

It might be impossible to be like how it is last year, the decline of price is too high to reach what it reach last year. It tooks 3 to 4 months or more for the price to drop, the market may take more time. We just hope that it will increase as much as possible.

[tiggytomb]

"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/

Yeah I don't think it is the whales that have the most influence I think the miners and the exchanges would have a lot of influence. 

[ricardobs]

"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/

Maybe you are forgetting that the liquidity in exchanges is not big enough and it is enough to affect the price generally when a whale kicks in and drive the market hard with a huge amount of their stash. What you do not also understand is that the price you are basically seeing in the market right now is the integration and representation of the average of all the exchanges put together.

Whales are in the market, and they can always tank the market when it is highly speculative actually, and the only thing that would make that impossible in the long run is when it becomes less speculative and then we get to start seeing real life usage.

[burdalen]

"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/

It seems to me that banks have the main influence on the market, they just have a lot of wallets, which is difficult to determine who they belong to. Therefore, market manipulation is very difficult to predict, even if you follow the purses of whales.

[TheReverend]

6% or 4.6% is a large amount to change market movements (dump / pump)
Just imagine 6% of total bitcoin buying or selling will have a huge impact on the market, even though they cannot control the entire market, at least they get what they want.
for example now the price of bitcoin is stable at 6600 $ when they enter they can pump, maybe bitcoin easily returns to $ 20000 even though it won't last long, maybe only for 1 month or less.

[jonatuzc]

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.

Even bitcoin can still be manipulated by whales and it has not really passed the point completely, but for now actually, it is still something that is gradually dying off as the market keeps maturing and many other players are beginning to step into the market, which is why whales are really making the altcoins a target at the moment.

In the long run, I believe bitcoin will most definitely pass that stage when we start seeing the market big and a lot matured than now, but by then, I believe we would have stepped into the level of mainstream adoption and real life use to be able to see that become reality.

[hulla]

Actually for me i don't think whales can manipulate the market of crypto because of the limit and we are the price here users,traders and investors still all are possible then we can't really see this and like FUD if you think another thing even they post negative about bitcoin still the price now is really high even we experience a lot of drops this year,Moreover look at the worth for you of crypto so don't think negative then spread positive so this will grow

Honestly, the cryptocurrency market is not about what ones think or presume but what ones experienced and I want to reassure you that the whales did manipulate the price of the market base on past record and last year price record to be precise which lead to the market correction of this year.
Meanwhile, I don't believe what the article says because most of the writers are either cryptocurrency admirer or hater and most of them only want to make their blog/article popular or cause FUD.

[Red-Apple]

"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.

first of all this is altcoin board not bitcoin. you should move this to an appropriate board.
secondly it has never been about how much of the supply you own. you may own a lot more than those percentages but still can't manipulate anything or you may own a lot less and manipulate a lot. it all depends on which market you are analyzing and since you posted this in altcoin board i give an example with altcoins.
there are altcoins with more than 100 billion supply but you can manipulate them with smaller than 1000 coins or a value equal to 0.1BTC or less. but in bitcoin market you wouldn't be able to do shit with 0.1BTC!

[renes]

Whales have always been overrated but I would never underrate them as well, it is more than a reality that whales can really tank the market even today.

[ecnalubma]

Some whales, some exchanges and paid medias are syndicate in price manipulation, they can tank the market anytime they wanted to. I don't believe easily in published articles by shiller medias. I only believe in my own theory and research, so for me its a hoax if they tell that they can't tank the markets.

[BitcoinHodler]

this is a bit misleading, specially that title that OP chose.

what happens is that a whale CAN crash a market easily. for most markets it doesn't even take much to do it. they can easily crash them. but what comes next is the important defining factor that will determine the final price after the crash.

what comes next is the rest of the market. when something has real value like bitcoin for example, no matter how much you manipulate it and how much you dump and crash, that asset will continue having its underlying value.
it is like gold, if you dump it and crash it, at the end it is still gold and is useful. like bitcoin. in the end it is still the only decentralized currency that passed the test of time. so it has the demand and it will rise back up.

but when the asset has no value, when it is dumped there is no reason for anyone to buy it back. so when it crashes it won't ever  come back up again. hence creating the term pump and dump. that when an altcoin is pumped and dumped after the dump it dies unless they pump it again and eventually dies after a couple of p&d.

[Anatolian]

"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/

I am sure they will be back one day. They are in love with volatility and they will try to make more money. I think they will do their best to make BTC 50K

[astrologer123]

well I think its kinda real because the role of the whales that I have heard about here is too big it seems like something incredible.

[paramind22]

I think the critical word here is "tank".  Tanking something is greater than something than dip, it means ruin.

[CryptoBry]

"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.

Well, we were led into many hypes last year. In 2018, the word 'whale' in connection with cryptocurrency became so popular and whale was the easy scapegoat for anything happening in the market whether it was down or up. This year, we realized that all of those things are just overstated. And this is a good development as we should be shying away from any group or just a select few personalities controlling the whole market...the control should be spread or democratize with as many people as possible so there would be no unbalance of power. I am hoping that in 2019 we can see the many advantages of this fact.