Is it real that one or two big whales can seriously affect the price of BTC?

[I_wanna_to_communicate]

As for cryptocurrencies, I know their markets are often handled by some big whales.

While some times, it's said that, a little group of whales, or even solely one whale can affect the price

https://www.reddit.com/r/jex/comments/a9wizj/sometimes_love_and_care_is_very_improtant/


As I've thought BTC is of decentralization and its price shouldn't be easily controlled by a too small a group.

So may I believe this kind of saying?

[YOSHIE]

I am not sure of their words, Bitcoin digital currency with mobilization is very sensitive, small whales with one person cannot influence the price of Bitcoin, I assume that Bitcoin is very influential with people who buy or Demacd, no one controls price risesand down against Bitcoin.

[KingScorpio]

As for cryptocurrencies, I know their markets are often handled by some big whales.

While some times, it's said that, a little group of whales, or even solely one whale can affect the price

https://www.reddit.com/r/jex/comments/a9wizj/sometimes_love_and_care_is_very_improtant/


As I've thought BTC is of decentralization and its price shouldn't be easily controlled by a too small a group.

So may I believe this kind of saying?

of course, because they can satisfy demand

[davis196]

As for cryptocurrencies, I know their markets are often handled by some big whales.

While some times, it's said that, a little group of whales, or even solely one whale can affect the price

https://www.reddit.com/r/jex/comments/a9wizj/sometimes_love_and_care_is_very_improtant/


As I've thought BTC is of decentralization and its price shouldn't be easily controlled by a too small a group.

So may I believe this kind of saying?

BTC desentralization doesn't mean that the bitcoin price can't be influenced by crypto whales.
I think that a crypto whale can easily crash the bitcoin price by selling adressively his own bitcoin holdings.
When it comes to pumping the price,I think it would be more difficult,because it requires a lot of promotion and propaganda,that will eventually build hype around btc.

[btlzpr]

It depends on how big the whales are. If they are big whales, like Bitmain, they can certainly manipulate the price of bitcoin. In fact, we have seen it in the past few days.
And I believe that there is more than one big whale behind Bitcoin, which is why the Bitcoin ETF has been repeatedly rejected.

[michellee]

It depends on how big the whales are. If they are big whales, like Bitmain, they can certainly manipulate the price of bitcoin. In fact, we have seen it in the past few days.
And I believe that there is more than one big whale behind Bitcoin, which is why the Bitcoin ETF has been repeatedly rejected.

It also depends on how much bitcoin they have because I am sure that the big whales will have thousand of bitcoin in their wallet and they can move the price although it's not always happening. But I don't think that they want to give effect to the price and I think they are waiting for the right time to buy more bitcoin and I am sure they have a lot of money ready to use to buy bitcoin later.

[muslol67]

As for cryptocurrencies, I know their markets are often handled by some big whales.

While some times, it's said that, a little group of whales, or even solely one whale can affect the price

https://www.reddit.com/r/jex/comments/a9wizj/sometimes_love_and_care_is_very_improtant/


As I've thought BTC is of decentralization and its price shouldn't be easily controlled by a too small a group.

So may I believe this kind of saying?

Yes, it is quite possible. But we are all on the same ship. I don't think they want to affect badly. But, it still possible...

[VitKoyn]

As for cryptocurrencies, I know their markets are often handled by some big whales.
While some times, it's said that, a little group of whales, or even solely one whale can affect the price
https://www.reddit.com/r/jex/comments/a9wizj/sometimes_love_and_care_is_very_improtant/
As I've thought BTC is of decentralization and its price shouldn't be easily controlled by a too small a group.
So may I believe this kind of saying?

You are wrong, affecting the price doesn't mean that you are controlling the market, you are just affecting it, not dictating what should be the price of it. And another thing, decentralization doesn't mean that price cannot be affected by huge investors or whales. Centralized or decentralized, price will still be affected by the whales because of the law supply and demand, and I don't need to explain what it is for you to understand it.

[creeps]

As for cryptocurrencies, I know their markets are often handled by some big whales.

While some times, it's said that, a little group of whales, or even solely one whale can affect the price

https://www.reddit.com/r/jex/comments/a9wizj/sometimes_love_and_care_is_very_improtant/


As I've thought BTC is of decentralization and its price shouldn't be easily controlled by a too small a group.

So may I believe this kind of saying?

Whales can influence the price of bitcoin simply because they are already a Millionaires that owns a lot of bitcoin, and for sure through this recent dump they have already acquired more bitcoin and that makes them more powerful than ever. We have to accept the fact that there's really a manipulation happening in cryptomarket, but don't worry because cryptocurrency is meant to pump high in the future, let's just learn how to ride with the whales and take profit when those whales are tired of pumping the market.

[avikz]

As for cryptocurrencies, I know their markets are often handled by some big whales.

While some times, it's said that, a little group of whales, or even solely one whale can affect the price

https://www.reddit.com/r/jex/comments/a9wizj/sometimes_love_and_care_is_very_improtant/


As I've thought BTC is of decentralization and its price shouldn't be easily controlled by a too small a group.

So may I believe this kind of saying?

It;s a popular belief that whales are manipulating the market. Yes, they have the power to do so because they can drive the volume due to their immense holding value. They can create demand and create supply in the market due to their deep pocket. However, are they doing so?

I encourage you to read a blog post by Chain Analysis which will clear your mind and some misconceptions about the whales for better,

https://blog.chainalysis.com/reports/bitcoin-whales-oct

It says even if the whales have the power to manipulate the market, they aren't doing so! Instead they are accumulating little by little in this opportunity market price!

[Bonsaiav]

Previously, I had heard that among the big whales there were those who had BTC as much as 40% of the total BTC that had spread throughout the world. With that much BTC, I think that's enough to drop the price of bitcoin to be very low. However when they launch the action, usually they are not alone but form a group with other whales.

[Ezenwanyi]

Except of course those 2 whales have a holding of 8% of the amount of bitcoin in circulation.
That's how I see them manipulating the price effectively.
If not, I do not think it is possible for just 2 whales to manipulate bitcoin price successfully.

[dothebeats]

One or two isn't enough, but they can make a serious damage on the market if their schemes are exploited too hard. Knowing the markets now, it would be quite a difficult task to achieve the level of manipulation in which the prices would sway on their desired direction due to the number of new players in the market participating in their schemes. But then again they have deep pockets, and they can simply create supply and demand at will if they so do wish.

[franky1]

yep.
but its the fault of the exchanges not the whales, and here is why

1. many small exchanges follow like shrimp(sheep) the bigger exchanges.. so whales dont need to have funds on
 each exchange to cause global price changes.. they just let the shrimp react to a direction change

2. exchanges implementing KYC usually deter shrimp/shark level investers as its just a hassle. so instead of having a shark army  of users to counter the whale. it just ends up with a few shrimp/sharks that end up just following the whale hoping for a few nibbles along the way

3. exchanges are still not implementing high grade security, and are hiding behind fake "virtual office" addresses and proxies, thus shrimp/sharks are not willing to trust using exchanges. thus leading to the main 'volume' makers being the exchanges partners/insiders or buddies of the exchange

4. continuing from point 3. the volume is not number of individual (1 trade per person) number. its actually a collective number where say 50k coin could actually be just 2k coin traded 25 times in a day. thus the amount of individual coin exchanged is lower than people actually think

[mahilchii]

One or two isn't enough, but they can make a serious damage on the market if their schemes are exploited too hard. Knowing the markets now, it would be quite a difficult task to achieve the level of manipulation in which the prices would sway on their desired direction due to the number of new players in the market participating in their schemes. But then again they have deep pockets, and they can simply create supply and demand at will if they so do wish.

Yes they can make serious damage in the market, manipulation will lead to the downfall automatically that's the magical game big whales play with.

[mu_enrico]

Demand is demand, no matter who's buying whether it's whales or shrimps. Let's say the current market cap is $66B, there should be at least $6B* demand to drive up the price. It could be satisfied by whales, shrimps, or both.

*Just an illustration, not an exact figure.

[esetop01tryba]

Perhaps if a couple of whales will start to buy bitcoin and then the entire market and in particular the usual investor will take a position in the market, the price will grow more progressive if it is accompanied by a positive news background. I think that the growth of bitcoin is a matter of time. I believe so.

[bajingluncat]

Although crypto currency adopts blockchain technology which it says is decentralized does not mean that technology is independent, there are still several factors that can influence it, for example market demand, if it is true that a group of people or individuals you say is a pope and they have enough capital to they can meet market demand and control it, which means they can automatically control market prices, even though I am not sure about this, but maybe it can be applied by people as one of the business strategies with the aim of getting far greater profits

[kalel18]

depending on how large the whales are, because they can only order what is appropriate for bitcoin. they may not even have much to be affected, But in the first place you are the responsible of your bitcoin to manage. However there is a way how to protect Your bitcoin from lossing is to wait for the time.

[martina14]

I can tell YES for that. as they are capable of selling huge amount and also buying it back.
A whale can manipulate the market if they want to buy more tokens at low rate.
I still remember a whale sold more than 18K btc from Jnauary to February.