Latest Bitcoin market trend - Looks like the Bitcoin Whales are losing momentum

[palle11]

I think current price is motivating the individuals to accumulate more bitcoins as it is attractive entry point. I also think whales already accumulated too much and they might now working/motivating others to acquire now and themselves keeping their balance stable.
It is just my thoughts.

The price is really a force that is propellibg buyers. And almost every body is waiting for a reversal to bull, this is one a reason. As for the "whales" , they are tired for the wait and wishing to off load for profit.

[exstasie]

Ok, this is only my own observation, but I think it might be very accurate if you are looking at the more recent Bitcoin price trends. We all know that Bitcoin whales are still manipulating the Bitcoin price. <Yes, it might not be a huge influence, but it is still happening>

I think a lot of these Bitcoin whales might be losing momentum now, because we only see the price going slightly above $4000 and then they take profits and the price goes down below $4000 again. <They are playing around within a $400 to $500 price range for their profits now>

Why do you assume whales are dictating the price? Markets range like this all the time. Hell, Bitcoin ranges like this all the time. It was doing the same thing in September-November last year before crashing.

Most of the market (including whales) is waiting to pile into the market once the range breaks.

We also know that Bitcoin whales will decline over time as more coins are distributed from them and hoarded by more users. This process are slowly gaining momentum.

I'm sure this is happening gradually over time. I used to see whales dumping 1K-2K BTC at a time, several times daily, on Gox back in 2013. You never see that kind of volume anymore.

[1Referee]

I'm sure this is happening gradually over time. I used to see whales dumping 1K-2K BTC at a time, several times daily, on Gox back in 2013. You never see that kind of volume anymore.

These were the good times. I remember seeing Chinese exchanges do crazy shit back in their +1 million BTC daily volumes. Orders of 10,000BTC were absorbed as if they were pocket change.

I think the main reason we don't see these dumps anymore, or much less frequently, is because of how investors are afraid of exchanges freezing their funds for whatever nonsensical reason. Right now they dump a few hundred BTC on exchange A, few hundred on exchange B, and so forth. It's a smart way to deal with the risk they expose themselves to, because the times of freedom are long gone.

[Kakmakr]

I'm sure this is happening gradually over time. I used to see whales dumping 1K-2K BTC at a time, several times daily, on Gox back in 2013. You never see that kind of volume anymore.

These were the good times. I remember seeing Chinese exchanges do crazy shit back in their +1 million BTC daily volumes. Orders of 10,000BTC were absorbed as if they were pocket change.

I think the main reason we don't see these dumps anymore, or much less frequently, is because of how investors are afraid of exchanges freezing their funds for whatever nonsensical reason. Right now they dump a few hundred BTC on exchange A, few hundred on exchange B, and so forth. It's a smart way to deal with the risk they expose themselves to, because the times of freedom are long gone.

The question is, how much of those volumes was fake? We know some exchanges faked their transaction volumes to attract people to their exchange. <People tend to trust exchanges with high transaction volumes. >

This was also one of the reasons why some of these exchanges had to close their doors for a while, when their government sent inspectors to identify these practices.

I agree with you that exchanges are being rotated to hide high volume trades.   

[arpon11]

Ok, this is only my own observation, but I think it might be very accurate if you are looking at the more recent Bitcoin price trends. We all know that Bitcoin whales are still manipulating the Bitcoin price. <Yes, it might not be a huge influence, but it is still happening>

I think a lot of these Bitcoin whales might be losing momentum now, because we only see the price going slightly above $4000 and then they take profits and the price goes down below $4000 again. <They are playing around within a $400 to $500 price range for their profits now>

We also know that Bitcoin whales will decline over time as more coins are distributed from them and hoarded by more users. This process are slowly gaining momentum. <The $400 to $500 price increase is simply not enough incentive to tempt hoarders to start selling their coins again.>  

Do you see this same pattern or am I imagining this?

I have seeing this pattern playing out since the beginning of this year and to me the market is becoming more stable and the volatility that do come through the influence of the whales is drastically reducing.  I think traders and the investors are Becoming wiser nowadays and that is why we are seeing this stable pricing.  The whales that has been manipulating the market are really losing out as little investors or micro one are not ready to take profits with the little increasing in price.

[Bitcotalk]

I just read some. Comments here and I'm surprise how some people will be asking some kind of dumb questions . Like serious how can someone is saying that they need proof to show that there are something like whales who manipulate the market… lolzzzz. Which other proof do you need?? The things that are happening in the market should already show you that there are people who manipulate this market. Funny.

[deisik]

I'm sure this is happening gradually over time. I used to see whales dumping 1K-2K BTC at a time, several times daily, on Gox back in 2013. You never see that kind of volume anymore.

These were the good times. I remember seeing Chinese exchanges do crazy shit back in their +1 million BTC daily volumes. Orders of 10,000BTC were absorbed as if they were pocket change.

I think the main reason we don't see these dumps anymore, or much less frequently, is because of how investors are afraid of exchanges freezing their funds for whatever nonsensical reason. Right now they dump a few hundred BTC on exchange A, few hundred on exchange B, and so forth. It's a smart way to deal with the risk they expose themselves to, because the times of freedom are long gone.

The question is, how much of those volumes was fake? We know some exchanges faked their transaction volumes to attract people to their exchange. <People tend to trust exchanges with high transaction volumes. >

This was also one of the reasons why some of these exchanges had to close their doors for a while, when their government sent inspectors to identify these practices

Today's volumes are likely no less fake

But that's mostly irrelevant as in 2013 prices had been way lower than they are now (I mean most of 2013, obviously), and dumping 10k bitcoins was not a big deal either specifically because it wasn't a huge amount in dollar terms. Besides, even if we crash to those figures (say, below 1k), we are not going to see such orders again for the simple reason that people are now very well aware of the true potential of Bitcoin as everyone has already seen it in action (read, no milk for exchanges this time)