The Whales; Myth or not

[btc_angela]

The concept of whales is not limited to individuals. Some companies are considered big whales such as[ Coinbase & Bitman.] and some wallets which can play this role.
In the end, the goal is to achieve interests even if this causes some harm. Just like what happened with Bitcoin at the end of last year, "Spamming network for BCH" or companies trying to change it into a central currency and operating as an international bank. "Coinbase, ETF"  Or conservative do not want to support the market to reduce prices.
So whales are there, and they can change some rules of the game.

I agree, even the Mt. Gox trustee can be categorically be called whales because he has a huge holding of bitcoin and others say him the "Tokyo Whale". They may or may not work together, but investors are really affected if they saw some huge sell orders causing others to panic and blame the market manipulation to them.

[pooya87]

The concept of whales is not limited to individuals. Some companies are considered big whales such as[ Coinbase & Bitman.] and some wallets which can play this role.
In the end, the goal is to achieve interests even if this causes some harm. Just like what happened with Bitcoin at the end of last year, "Spamming network for BCH" or companies trying to change it into a central currency and operating as an international bank. "Coinbase, ETF"  Or conservative do not want to support the market to reduce prices.
So whales are there, and they can change some rules of the game.

I agree, even the Mt. Gox trustee can be categorically be called whales because he has a huge holding of bitcoin and others say him the "Tokyo Whale". They may or may not work together, but investors are really affected if they saw some huge sell orders causing others to panic and blame the market manipulation to them.

to you and everyone else, have you ever wondered why the talk about "whales" always starts and is the most heated whenever price is falling, has fallen, or like right now is stable? we never see such heated talk about whales and manipulation all over the place when price is rising!

the reason (based on what i have seen) is that people can't explain drops so they start looking for someone to blame so they create whales. otherwise we have the same situation during rises too but they ignore everything then.

[louie69]

In my opinion, whales are not a myth and is existing in the current situation holding huge amount of btc reserves that could make an impact in the crypto market. These whale investors can do manipulate the crypto market through the use of dark pools in which it can gather large amount of crypto coins without it being made acknowledged in the public market. The result of this manipulations could be just in short period of time and later market becomes to normalize again.

[ubercool]

Whales are part of everything, pumps and dumps. They are there trying to increase their own wealth most of the time by manipulating small cap tokens and creating more problems for crypto to get regulated. We need more liquidation and spread in all of the tokens, hopefully it will happen in the coming years.

[biskitop]

I believe that whales exists. because surely there are most people who have a lot of balances in their wallets. and if they sell everything the price will drop dramatically.

[waynechong1995]

I dont think so, group of people, companies or overhelming rich traders doesn't simply at the same level as normal traders do to gain profit, they are consolidating the supply which is a long process, but getting harmful to the market as they could control at a certain degree, bitcoin supply is huge and i remember reading articles about 70% of them are totally stationary for many purposes, there's no way but to coupe with them in the sea of whales

[corrado25]

it is possible for yourself to become a whale. at the beginning when bitcoin cost a few dollars enough, it was necessary to buy it more and keep it.)

[DPrillio]

it is possible for yourself to become a whale. at the beginning when bitcoin cost a few dollars enough, it was necessary to buy it more and keep it.)

I think whales exist, they are not only a myth in crypto world since they have a bigger holdings of bitcoin so market value are mostly dependent on their activity like dumping and buying will greatly affect market value if we look at the basic law of supply and demand, so volatility are not merely cause by every individual normal trader.

[Vernfwiles]

I've heard of big companies directing the market. I don't know it is all true but it is very much possible. And I'm curious to know how much can they manipulate the market and cause a disruption.

[bravehearth0319]

Maybe most of the whales are the early adapters and investors on Bitcoin that's why they hold tons of it. I don't think that they know each other because it is a threat to their security and life if other people will know that they are holding a huge amount of Bitcoin.

I agree with you that most of the bigtime bitcoin holders are those who people who are here in cryptocurrency when it first started. That time, almost few of them believe that bitcoin will flourish that way it is now. They might be the ones who know how to make the prices ho up and down, in other words, they are the manipulators.

[Kasen Matthews]

With information regarding whales or otherwise it is important to understand there are serveral sources from where we get information, if it is reliable information or not is for us to find out with careful research and not jumping the gun and panicking. The best thing to do is be careful about the information you act on as it might or might not be true.

[yla1974]

Whales are most times believers in that asset or commodity, more so than the average investor. And I don't see why they would risk their assets in an attempt to hurt and degrade the value of what they believe in.
Am not suggesting you be ignorant of market manipulations, but filter any information you get for bullshit.

I do not see any problems. Everything happens because of the simple thirst for earnings. Whales, like speculators, want to make money, they just have different methods of work. A market is a place where the assets and values ​​of some individuals are transferred to others. That's the whole story.

[Taki]

Maybe most of the whales are the early adapters and investors on Bitcoin that's why they hold tons of it. I don't think that they know each other because it is a threat to their security and life if other people will know that they are holding a huge amount of Bitcoin.

Do not be naive. I truly believe in global conspiracy and by this theory all whales know each other, well, probably the most of them. I just wander for the reason why the most of whales are still holding bitcoin's, does that mean that 20000 $ we saw last year is not the limit?

[jcpone]

Since cryptocurrency is a decentralized and unregulated system, it would be very hard to determine and identify the whales or even prove their existence. All we know that the price of bitcoin is  partly dependent on supply and demand. These whales might the ones holding most of the major coins. From that they can somehow manipulate the market to cause panic to small time holders and these whales will be able to bought more coins.

[Mpamaegbu]

Maybe most of the whales are the early adapters and investors on Bitcoin that's why they hold tons of it.

This isn't a "Maybe" situation. It's a certainty. Of course they were the very few that gambled at the beginning on the possibility of Bitcoin being a hit in the future. It was at a giveaway price and they bought tons of it. Now the dividends they have make most of us gnash our teeth in abject regret. As long as the market dynamics continues, whales will always have an upoer hand both in cryptocurrency and any financial market.

[KryptoKai]

Some whales obtained their coins illegally so they would want to dump at the earliest opportunity and launder what they have. The longer they have it in their wallets the more chance there is of the law enforcement agencies tracking them down

[meanwords]

You have a point. Whales are everywhere, no project are safe from whales as this type of investors is attracted to innovation and money. But remember, because of them, we are able to grow in a certain way and that they helped a market grow even if they affect the market in a bad way. So I don't think they are a myth or bad, they are actually helping.

[cryptoblazter]

The down market might be caused by what we call whales. These whales can't be proven to be true but assuming their existence, we can't still do anything about it because cryptocurrency has no rules and regulations to be followed. This is the reason why this is a volatile industry.

[kucritt]

whales is real there are many whales in this world, they can play the price of bitcoin or the cryptocurrency as they want, if they want to make price down and up it will easy for them especially in the small coin or token

[pat4cryptoreal]

In every business there is always  early birds, They are those that take the risk when cryptocurrency started and there was no hope of cryptocurrency becoming something to reckon on. It is not ideal to take the whales as our enemies. They are the pillar.