Whales are out of control = $500 in ten minutes

[Sithara007]

But we are not able to influence it. The thing is that we can only adapt to their actions and trying to make money on it.

I agree with you. Whales have huge capital, unlike small investors. Small investor can not somehow affect the market, it is impossible. An ordinary trader can only try to predict the price and enter the trade.

With a daily trading volume of $20 billion, I am not sure whether whales are able to manipulate the prices anymore. It would require hundreds of millions of USD in funds to be deposited across a large number of exchanges at the same time. 3-4 years back, it was possible, but not anymore. Even if the exchange rates could be somehow manipulated, the impact may not last for more than a few hours.

[1714552423]

1714552423

[RodeoX]

What seems to be asked is "How can we force some bitcoin users act in our interest instead of their own"?

Answer: You can't. That is what fair is all about. Nor can anyone take your money, they can only buy it with your permission. If you pay $5 for a bitcoin then sell it for $4... No one "stole" a dollar from you.

[Naginiya]

Yes.There are few bitcoin dumps in past week sometimes that amaze me.I thinks its panic sales,But the bull trend is not yet broken.Soon bitcoin will hit 10000$ rate and go further and further.If bitcoin break 10000$ barrier next will be 12000$ area.

[cryp24x]

We have to end the whales who are out of control. 

Well, I think the whales have all the right to do anything on their money, unless there is a rule or regulation that they somehow violated but still I haven't seen anything yet that would make us say that they are out of control but instead we may say that "they have the huge part of the control". As you urge us to end their "wrongdoings", I think that it is possible because if we unite, we somehow have the control to do that.

[Bes19]

We have no right to do that because it is their Money! I know whales has a big part on market manipulation and we can't do anything about it coz somehow they also help the market grow. Best thing to do, work smarter and harder and be a whale like them!

[Utuhikan]

In my opinion, indeed fraud is very widespread in crypto currencies. Many popes only want to destroy the market. They are very selfish playing unhealthy. They cheat. They cheated a lot of people and hacked and eventually destroyed the market. I hope we do the security procedures correctly in our wallets so we don't become victims of hacking. Besides that, we must be aware of the names of suspicious people playing in the exchange market.

[Crypto5060]

What seems to be asked is "How can we force some bitcoin users act in our interest instead of their own"?

Answer: You can't. That is what fair is all about. Nor can anyone take your money, they can only buy it with your permission. If you pay $5 for a bitcoin then sell it for $4... No one "stole" a dollar from you.

This is exactly how the whales keep accumulating while the small trader keeps losing money at each interval of minor dips.

[Sithara007]

In my opinion, indeed fraud is very widespread in crypto currencies. Many popes only want to destroy the market. They are very selfish playing unhealthy. They cheat. They cheated a lot of people and hacked and eventually destroyed the market. I hope we do the security procedures correctly in our wallets so we don't become victims of hacking. Besides that, we must be aware of the names of suspicious people playing in the exchange market.

Check my earlier post.

Such fraud is no longer possible with Bitcoin. Manipulation can be done only with the smaller altcoins, which have small market capitalization. And that too, only if they are being traded on a limited number of exchanges. But then, hacking is an entirely different subject. If you don't want your coins to be stolen by someone else, then please take the adequate security measures.

[bettercrypto]

In this market, whales are uncontrolable. They tend to resist or support with the trend line. We are lucky if we are part of them but most of the time they tend to reverse something. Whales can be controlled when they also manipulated by government. But as long as they exist many people will easily become poor and rich.

[atjiat]

In this market, whales are uncontrolable. They tend to resist or support with the trend line. We are lucky if we are part of them but most of the time they tend to reverse something. Whales can be controlled when they also manipulated by government. But as long as they exist many people will easily become poor and rich.

I fully support your words, because I believe that the market should begin to recover, but it seems that something interferes with it.  If we analyze what is happening, then we can definitely say in the affirmative that these are manipulations of large whales.  For the sake of their greedy ideas about profit, they want to kill the cryptocurrency market, since their actions affect the cryptocurrency, its pricing and the popularity of cryptocurrency in society.

[Nadziratel]

Time to do something about the few whales who keep cheating everyone out of their life savings. 

Let's do a fork and take anything over 10BTC away from those big addresses and redistribute it fairly to everyone.  It is ridiculous and totally ruining everything when one person has 1000s and can mess up the order book on a major exchange.  Where is the fairness in bitcoin? 

We have to end the whales who are out of control. 

So let's do this, and then continue to fool people by making up another fairy tale called decentralized?

I think we have seen enough fork! And we didn't see any benefits of these forks!

[kamudd]

Only those who have a lot of money to be able to take part in the pope and to be honest I'm not in that list so it will be very difficult for me to buy bitcoin, even if it's only 1 piece.

[mitchr4]

Bitcoin is known as anonymously, it is difficult to know who is the real whales who came to destroy the market. We can't do anything that only has a little bit of Bitcoin, I think the arrival of these Whales can be a good and a bad thing. Just follow the flow, at least Bitcoin is still valuable.

[b3llsf1l3s]

Time to do something about the few whales who keep cheating everyone out of their life savings. 

Let's do a fork and take anything over 10BTC away from those big addresses and redistribute it fairly to everyone.  It is ridiculous and totally ruining everything when one person has 1000s and can mess up the order book on a major exchange.  Where is the fairness in bitcoin? 

We have to end the whales who are out of control. 

This is what we call luck. Some of these whales are actually just lucky to be able to get the bitcoin at a cheaper price. whereas we only see how the results are now. From the beginning, bitcoin is there not all things cheap? then now that everyone is fighting over Bitcoin and the price goes up, you call them unfair? Their yearly time spend are worth for now.

[Danslip]

Time to do something about the few whales who keep cheating everyone out of their life savings. 

Let's do a fork and take anything over 10BTC away from those big addresses and redistribute it fairly to everyone.  It is ridiculous and totally ruining everything when one person has 1000s and can mess up the order book on a major exchange.  Where is the fairness in bitcoin? 

We have to end the whales who are out of control. 

It is not a good idea to fork a new version of BTC and distribute fairly to other network participants. BTC almost died more than a thousand times but till today then the only king is the BTC. Fair distribution smells like socialism to me and I never agree with such ideas, even in the rumours about re-org possibility after Binance hack.

[Crypto5060]

What seems to be asked is "How can we force some bitcoin users act in our interest instead of their own"?

Answer: You can't. That is what fair is all about. Nor can anyone take your money, they can only buy it with your permission. If you pay $5 for a bitcoin then sell it for $4... No one "stole" a dollar from you.

You answered correctly. No one can force anyone's wallet to be their or convert it to public use its peoples investment. Its just like asking how can you withdraw money from JPMorgan's bank account. Those are impossible things.

[Dapper]

It's the first couple million that are the hardest.    Increase your savings rate, lower the amount of sleep you take each night, and increase your diligence and make use of opportunites, and J H Christ, stop looking at what your neighbors (or early adopters) are driving or doing, and you might be a whale one day yourself.