Article Says that Whales Cannot Tank the Market

[Aragorn_125]

"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/

Perhaps the role of the whales is too high, but for some reason everyone is waiting for their actions, which will be the catalyst for the general growth and arrival of the bulls. But there are also exchanges and large companies and simple investors. So this is a multi-component system.

[sinkfish]

"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/

whales will keep the coin, quietly eating small plankton and ride the wave. exchanges are the real villain here, they are the fishing boat taking everything with them, both big and small fish.

[Coinseeker22]

Okay lets face it there are some people that really has tonsnof money and yes it can affect the market, but it cannot be in total control to manipulate it. One of tye big factors here is the exchange that investors do and the news. Even if you put up a group of people to try to manipulate it it would still cost a lot of money.

[prtty2gal2]

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.

It is not even news anymore, as this is a decentralized, non-regulated market, and even in regulated markets, the whales still try to do some things, but in a systematic way so they do not get seen as manipulating the market to their favor  and with the regulation not in place here, for the fact that the market is purely speculative and no real life usage yet, and the fact that every newbie coming in are just setting in as a result of greed and not because they see long term potentials, then, it makes it an easy environment for them to manipulate however they want.

[MishaSER]

Every year more and more people enter this market, and the number of bitcoins decreases as a result of which the whales lose their assets a little. On Earth, more than 7 billion people, even if 1% of people own Bitcoins, is a lot. I'm not surprised that whales are harder and harder.

[Red-Apple]

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.

It is not even news anymore, as this is a decentralized, non-regulated market, and even in regulated markets, the whales still try to do some things, but in a systematic way so they do not get seen as manipulating the market to their favor  and with the regulation not in place here, for the fact that the market is purely speculative and no real life usage yet, and the fact that every newbie coming in are just setting in as a result of greed and not because they see long term potentials, then, it makes it an easy environment for them to manipulate however they want.

i am not convinced that either regulations or the decentralization has anything to do with this. the whales exist in all the markets, even in the bigger ones. what do you think someone like Warren Buffet is if not a whale manipulating certain markets in his own will to make profit from them?
it is always about the power that someone has and how they can use that power effectively.

[afroman1131]

Interesting article. Truly, Bitcoin's market cap is high enough, to be hard to manipulate by whales. Not like smaller Altcoins, which can constantly be victims of pump and dumps. Anyways, a bit higher volume could be great, to feel even safer.

[paramind22]

I wonder if Elliott Wave theorists are charting these rise and falls with their theories and if it makes any sense.

[aggress0r]

I agree on the point that whales and exchanges work together mutually to manipulate the price. I watched a video where was clearly explained on graphics on various top exchanges concerning recent Tether accident.

[Eddyc]

In my opinion there are several thoughts and approaches that can be made with this article or consider relative aspects such as trusts in the data exposed and real certainty that these 32 whales have this actual amount and with the possibility of owning other wallets. Regarding the article is attractive and interesting but the homework should be done when we know we should not believe in anyone but ourselves.  

[Wandika]

In my opinion there are several thoughts and approaches that can be made with this article or consider relative aspects such as trusts in the data exposed and real certainty that these 32 whales have this actual amount and with the possibility of owning other wallets. Regarding the article is attractive and interesting but the homework should be done when we know we should not believe in anyone but ourselves.  

Articles didn't put too much effect now in crypto users since we all know that they can be paid and favored in only one side, though it can help to think whether they worth reading and worth believing.

[Oregano012]

Whales alone cant tank the market i definitely agree with that . but they can be one of the reason too , we have different factors how we end up here , first the newbies who have invested in late NOV , DEC , JANUARY when there is a ton of hype in cryptospace even CNBC news are telling people to buy their BITCOIN , XRP now that they are on a lost they are afraid to end up with nothing thus they are selling

[upsidedown75]

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.

They will always get what they want as long as the exchange market generally is nothing big yet and can easily be manipulated based on the volume on them, and we all know how speculative this market can be most of the time.

The whales can do whatever they want as long as that is in place, which is the main reason why the need for real life usage and adoption is the only thing that can save this market from such manipulations and I believe as the market gets more matured, a lot of things would most definitely change for the better part of things.

[karthcrypt]

I have always been sceptical of Whales influence in the market of cryptocurrency.  The Bitcoin is decentralized and the majority of bitcoin supply is in the hand of majority who are not whales!