inanilujimi
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December 27, 2018, 02:23:17 PM |
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of course yes, they can influence the market and make waves so that others will follow their wishes.
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felicita
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December 27, 2018, 02:49:59 PM |
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sure this is real but the same situation is in every fiat its in Germany Euro where i live the same and USD also the same there are only few percents who having more then the hole rest .
regards
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amonymous
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December 27, 2018, 04:37:27 PM |
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Absolutely it's depends on the how much Bitcoin they have in wallet,I think so big whales means they have thousand over bitcoin.so it's common Bitcoin price down/up getting affect they money.every situation I have to say crypto market going to control people have been in this market.market going to down/up depends our Bitcoin transaction processing ability.
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KuyaBreezy
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December 27, 2018, 04:41:41 PM |
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It will always depend on the amount they handle, but certainly, it is probable, similar manipulations have been seen in the market, but between several companies, not two individuals, remember that control is with us, as long as we are not affected by FOMO or FUD, so begins the manipulation
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kryptqnick
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December 27, 2018, 05:01:08 PM |
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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?
Shitcoins with small marketcap or centralized cryptocurrencies can surely be controlled by pump and dump groups or main investors. However, I don't believe this holds for decentralized cryptocurrencies with huge marketcap, like bitcoin or ethereum. Blockchain wallets show that funds are very diversified, and it's rare to see some 'big' holder sell coins. I think what affects the market most of all these days is news. People then consolidate over the news and start buying or, more often, selling coins massively in the matters of hours. To overcome it, we need the crypto community to expand and become more mature.
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tdrinker
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December 27, 2018, 05:52:19 PM |
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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?
Shitcoins with small marketcap or centralized cryptocurrencies can surely be controlled by pump and dump groups or main investors. However, I don't believe this holds for decentralized cryptocurrencies with huge marketcap, like bitcoin or ethereum. Blockchain wallets show that funds are very diversified, and it's rare to see some 'big' holder sell coins. I think what affects the market most of all these days is news. People then consolidate over the news and start buying or, more often, selling coins massively in the matters of hours. To overcome it, we need the crypto community to expand and become more mature. It's rare and they can't have a stranglehold on the market forever but it's not impossible. We saw what happened when mt. gox coins were sold and also recently when CSW claims to have sold a lot of coins.
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jagdeepjd
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December 27, 2018, 06:08:45 PM |
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Decentralization is a different thing and it does not have much to do with the price manipulation. As we know the market cap of crypto is very small and a person or group of persons who possess a huge amount of bitcoins can move the market to some extent with his holdings. As the moves along and market cap will increase then manipulation and volatility of bitcoin will also reduce.
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aad140386
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simply getting the job done
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December 27, 2018, 06:33:57 PM |
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I do not think that 2 or 3 whales can affect the market. Not even that. 2 or 3 whales may affect the market, but the impact will not be long. In order to create a steady trend, 2 or 3 whales will not be enough. Still, the bitcoin market, although much smaller than the stock market, has enough liquidity to prevent manipulation by 2 or 3 people. I think that the current fall is a manipulation by many large players, small speculators, funds, etc. But it seems to me that market manipulation is not the collusion of major players. Simply, many of them watched the bubble of the end of 2017-2018, and having made money, they decided to leave the market with a profit.
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keanne_isaac
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December 27, 2018, 08:57:52 PM |
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It doesn't matter on the number of whales to which can affect the price of bitcoin but what matter most is the quantity of bitcoin they are holding. if there is a 1 whale who have a 10% of total bitcoin circulating supply and he will dump half of it for sure it would affect the price of the bitcoin even he is the only one selling.
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12tribes
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December 27, 2018, 10:11:07 PM |
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The BTC price indeed may be largely and positively or negatively influenced or manipulated by certain humpback whales(Lol)! It is a regular and predominant thing by the pump and dump group to falsify and create a sense of appreciating price market (or vice versa). The force of the whales dumping their coins could negatively drop the prices further after artificially pumping them up! yes the whale could do something about the price of btc.
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cahbagus555
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December 28, 2018, 12:34:35 AM |
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I think if whales holding a large amount of bitcoin, they can playing with bitcoin price but not controlling. Decentralized is on the bitcoin system not the price because price always determined by supply and demand and if whales hold large amount bitcoin, they can control the supply
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