Bitcoins in hands of whales - should be worried?

[Nawrod]

According to BlockChain24.co, over the past nine months, the crypto whales have bought 450,000 BTC. You think is it any danger in whales holding so significant amount of Bitcoins?

[mk4]

Not sure if the information on that website is legitimate, but to answer your question:

You think is it any danger in whales holding so significant amount of Bitcoins?

Of course there is. Not sure if you can count this as "danger", but whales can significantly move markets by simply dumping their BTC; and there's nothing we can really do about that. This is how open markets work, even outside of the cryptocurrency space. As time goes on though and assuming market liquidity increases in the future, it will significantly get harder and harder for them to move the markets.

[Astvile]

You think is it any danger in whales holding so significant amount of Bitcoins?

Yes ofcourse ths does not apply only on bitcoin but on every assets and even goods in our real life market.Whales can easily bring down bitcoin to a blood bath by just them placing sell order after sell order after sell order,that move can really make regular bitcoin users like us but to sit down and watch it fall

[FlightyPouch]

According to BlockChain24.co, over the past nine months, the crypto whales have bought 450,000 BTC. You think is it any danger in whales holding so significant amount of Bitcoins?

They are the same as us that wants to earn profit from it. They bought 450,000  btc but within those 9 months, nothing really happened. You might think that they are manipulating the price, they can but they can't do it properly. Bitcoin is a decentralized crypto currency, there might be an effect on what are the whales are doing but I don't think we should worry about that now.

[DdmrDdmr]

I think that the core information comes from here: https://diar.co/volume-3-issue-16 (at least I’ve seen a couple of articles on the matter tracing back to it as their source).

What it says is that the 450K BTCs correspond to the aggregate of new net addresses (difference vs previous period) that have a balance between 1K and 10K BTCs each, being this address increment measured and achieved over the past 9 months, and excluding exchange addresses. Their influence would depend on just how many distinct whales own those (and other large) addresses, as a large concentration of addresses per whale in this magnitude is likely significant.

[gentlemand]

You're welcome to buy all you like. I'm willing to guess you may not have the necessary money to keep up. Whales are a fact of life. At some point bigger whales turn up and eat them. At some point after that when the price is more stable real people turn up and slowly start to eat those whales with real demand.

[xvids]

According to BlockChain24.co, over the past nine months, the crypto whales have bought 450,000 BTC. You think is it any danger in whales holding so significant amount of Bitcoins?

They are the same as us that wants to earn profit from it. They bought 450,000  btc but within those 9 months, nothing really happened. You might think that they are manipulating the price, they can but they can't do it properly. Bitcoin is a decentralized crypto currency, there might be an effect on what are the whales are doing but I don't think we should worry about that now.

They could and they could also use those huge amount to cause panic on the market just imagine dumping it all at once the market would surely collapse,
People FUD would spread around and the market would fall big time again but the question is what would happen next after they do it?
Would they come back again or would they just leave crypto for good ?
We couldn't know what would they do on that huge amount even if OP's information isn't accurate we all know that a whale could really do it.

[CryptoBry]

According to BlockChain24.co, over the past nine months, the crypto whales have bought 450,000 BTC. You think is it any danger in whales holding so significant amount of Bitcoins?

Yes, there is danger that is if they will unite and took one single action and that is to sell their hoard in avalanche. However, it can also go the other direction and that is when they can decide to continually hold. In a bullish market, a dip due to a big sell can be a welcome development or a big advantage but that might not be the case if the market is bearish because it can dumped the market more. In other words, what they will do can be both good or bad depending on the market situation. We all live in an open market therefore anybody can be a "whale" or hold huge amount of bitcoin at his disposal. You have the money, you can buy any number of bitcoin you may wish.

[Upgrade00]

It's an asset, that is acquired with cash, of course it would be largely in the hands of those with deeper pockets. Bitcoin improves transparency but can not bring equality.
Bitcoin can also favor even the small fishes in the sea and also work against the whales, unlike in the traditional financial system controlled by the people at the top

[Fundalini]

According to BlockChain24.co, over the past nine months, the crypto whales have bought 450,000 BTC. You think is it any danger in whales holding so significant amount of Bitcoins?

It is always dangerous for someone to hold enormous power. In this case, quantity of BTC is power since you can influence the flow of market. So the bottom line is not to panic sell when dump happens, don't let the whales grab your bitcoins for sale.

[cabron]

A billion USD can already influence the market though. Dumping the 450,000 BTC all at once will surprise a trader that is watching the charts. It is however very difficult to be on stealth when sending large amount of BTC to an exchange will alarm people who are monitoring the ledger. Before they can even dump the sneaky traders would have done it before them. I bet they will do this on DEX this time since they can hide identity still unlike on CEX.

[rdluffy]

Whales always did this, not big news
Instead of try to fight against whales, it's better to follow the trends and take advantage of whales movements

[Ailmand]

That's a huge amount and I guess that's enough for them to manipulate the market. However, I guess they're just like us who are aiming for the same thing. They also want the prices to go high and gain a good profit. It's either they would influence the market positively or negatively.

[nicecrypto]

Whales are every part of the economy in every organizations, what are you going to do in this case, panic because we have some gaint companies in control of the market? the wealthy people are in control of the economy but the non wealthy people still manage to survive in their presence, there isn't anything you can do about this except to adjust to whatever comes out, bull or bear
the whales has always hodl the large of btc but the small hodlers still survive.

[Herbert2020]

when you hang around long enough you will realize that 90% of the things you read online is pure bullshit specially on news sites like the one you linked here that have low traffic and are filled with low quality articles while having lots of ads on them.
basically these people keep creating sites and fill them with click bait articles to earn pennies from the traffic.

as for whales in bitcoin, the whales are in any market. they are not evil incarnate out of the depth of hell! they are just people like you and i who are taking bigger risks and buying more bitcoin while we sit around and look at them become richer because of the higher risk they take.

[LUCKMCFLY]

I think no, in the market there are Strong Hands or Whales, they are those who practically plan, manage and execute their plans, whether to increase or decrease the price, within which, are the Bullish or the Bearish.

Normally we are now in an Accumulation Stage
, where the main thing is to eliminate the offer and accumulate bitcoins as much as possible, for investors this is the best stage to buy and hold until the bitcoin takes the bullish trend.

It is not bad that they have accumulated that amount of bitcoin, because if they manage to accumulate at least 70% of the bitcoins the price is ready to take its bulliss trend.

[Adriano2010]

The only problem which can occur can be if they dump the coins but as they want to get more this will not happen and they will not dump it to make the price going down because aslo they will start lose.

[rdluffy]

The only problem which can occur can be if they dump the coins but as they want to get more this will not happen and they will not dump it to make the price going down because aslo they will start lose.

They make some movements to pump and dump prices, this is obvious, but in a longterm if you have your strategy, it's not a big problem
Maybe if the person is desperate when see some dump, it's easy to lose money

[avikz]

According to BlockChain24.co, over the past nine months, the crypto whales have bought 450,000 BTC. You think is it any danger in whales holding so significant amount of Bitcoins?

Centralization of power is always dangerous! So if you look from this perspective, it is indeed dangerous! Because such kind of volume certainly gives a lot of power to the hand of few individuals who can control the market dynamics, if they are willing to do so!

However, none of us is sure about what is going to happen in reality. All we can do is speculate. So now that you know the denger, don't let this danger control your mind because you don't know what the future holds for you!

[Dontme]

According to BlockChain24.co, over the past nine months, the crypto whales have bought 450,000 BTC. You think is it any danger in whales holding so significant amount of Bitcoins?

If whales have this amount of BTC then they can control the market. If they wanted to dump every BTC they have, then surely the market will go down right away. We must hope they won`t do any unpleasant thing that will get the market hopeless.