akamit
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June 04, 2019, 07:55:37 PM |
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Whales will do large trades because they have the money power, it's nothing wrong imo. What should we expect - whales should not trade when they have large amounts? If I have large amounts and I'm a crypto trader then why not I should trade to earn money from money?
Yes, crypto market has manipulation ability because of large hodlers and it will get vanished when crypto market will have trillion dollar marketcap in future...
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jossiel
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June 04, 2019, 08:00:39 PM |
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A shrimp like me has no power to control the market and this is the reality, we'll just go along with the flow of the market base on where it's going. Keep on accumulating people and don't be discourage with what you to the market now. The BTC dump today was completely manufactured: Whenever the price drops a lot people blame the whales And whenever the market goes on high, nobody blames the whales because it was just the 'institutional money' coming in.
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Payme21
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June 04, 2019, 08:03:26 PM |
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I think its okay because that is why most people own crypto..to make profit. That been said, whales will always have power in the setup because they have what it takes
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DoublerHunter
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June 04, 2019, 08:17:29 PM |
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This is not our big lose, we can also ride the whales and also have a profit if you don't want to hold for a longer time. Grab the opportunity now to buy bitcoin as much as you can while it is very cheap in the market. When whales start to bags their pocket it will grow again and be ready at that moment, you should watch the market what is possible it takes. Whales will make tired once they can't hold longer time the market.
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traderethereum
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June 04, 2019, 10:31:54 PM |
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Whales can do whatever they want. With a large amount of bitcoin, they can easily move the amount from one exchange to another exchange, and that is easy for them. They don't think about the fee, and they don't think about the market because they can move the market to anywhere they want. But I am sure that everything will be back to the current price and will reach a higher price again. This time, we have other opportunities to buy bitcoin at a low price, and if you have money, don't forget to rebuy it.
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tippytoes
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June 04, 2019, 10:40:25 PM |
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I think its okay because that is why most people own crypto..to make profit. That been said, whales will always have power in the setup because they have what it takes
Unfortunately, they are the ones gaining from it big time. $15M is pretty huge amount of money for most of us. But that's how market plays. We do need them to make the crypto market interesting. This will create news, hype, fud, etc. which I think is good for crypto exposure.
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Bes19
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June 04, 2019, 11:04:32 PM |
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I understand your sentiments but it is normal that they are taking out profits. We need whales so the market would be alive. You can actually go with the flow by doing short trading and not holding much and enjoy the time that bitcoin price fell down buy more!
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danipay
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June 05, 2019, 02:22:53 AM |
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You will not loose any thing if you hold your asset until you sell it. You can only follow the whales if you want take advantage of this situation.
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bhabygrim
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June 05, 2019, 02:42:23 AM |
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It is just how it goes everyone has been doing it, The whales are also investors and traders so they could also do what we so (quick trade). And for sure you also done it before the only difference is the amount that we are playing.
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Aldrinx00
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June 05, 2019, 03:29:17 AM |
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It's pure whale manipulation i think this whale bought bitcoin at a $1 then just liquidating profits right now. Well we can also profit from this because we can buy bitcoin at a lower price then sell it at a higher price or just hold it for long-term.
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pooya87
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June 05, 2019, 03:34:48 AM |
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the biggest problem with your referees such as whale alert is that they rely on something very unreliable called chain analysis so you can't really use their data for anything because the rate of mistakes is so high that the report is completely unreliable.
in this case you can not rely on whether these coins are moved to where it is said they moved to. that is why whale-alret.io is damaging to the market since IF the market were to actually follow their false reports THAT can cause drops or rises. not to mention that IF they were big they could manipulate the market by falsifying reports.
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LogitechMouse
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June 05, 2019, 03:52:37 AM |
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I'm not surprised with this movement of Bitcoin since we know already that Bitcoin is highly manipulated by various institutions and rich people.
We can't do anything about it but to ride the train especially if you are a trader but if you are a long term holder of Bitcoin then this recent movements of it is just nothing. I think its not just the whales who took profit already but some of the investors who want to take profit too. They sold their Bitcoin to gain to gain profit.
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Al-e_x
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June 05, 2019, 03:53:01 AM |
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Yes indeed in the crypto market it will always be like this, there will always be popes who manipulate prices, and now they make BTC prices down by almost 10%
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killat
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June 05, 2019, 03:57:02 AM |
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Crypto market is rather new and price manipulation is likely to happen.
However, we won't be seeing 3k-4k prices this year. We're in a bull market now.
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pooya87
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June 05, 2019, 04:32:34 AM |
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who is running whale-alert.io and where are they getting all this inaccurate exchange wallet data? ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) some idiot who is looking to make money by selling random useless data he finds on the blockchain after adding some imaginary stuff on top of it saying X amount of Y moved to exchange Z. if i am not mistaken it started during the time when drama about MtGox selling bitcoin and being the reason why price dropped from $20k was the heated but stupid argument on the internet. and people wanted to know when these "whales" move their coins to sell so they could panic sell before them ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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Leonardo7
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June 05, 2019, 04:54:36 AM |
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The whales were wise, and I believe they could have been a group of trading whales. The good thing is that they will always try to repeat this in the future, and just as this was going on, money was been made and a wealth transfer been experienced. Volatility provides a good opportunity for money to be made. One of my students just bought some bitcoin, she is waiting for a possible further dump, she is a holder.
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pushups44
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June 05, 2019, 05:06:18 AM |
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The BTC dump today was completely manufactured:
About 20-30 mins before the dump, a whale moved 25k BTC (worth $215M) to Coinbase. LinkAbout an hour after the dump, a whale moved 14k BTC (worth $112M) from Coinbase to another wallet: Link40 mins after that, a whale moved 11k BTC (worth $88M) from Coinbase to another wallet: anchor15 mins after that, a whale moved 10M USDT from one wallet to another: LinkIf you do a little math and follow the timeline, it's not hard to see that someone dumped 25k BTC for $215M and bought it back shortly after for $200M. In doing so, they pocketed $15M and walked away with the same amount of BTC as they started with. Fuckers. Edit: For all those saying that no one was complaining when a whale entering the market drove the price us. No shit, all boats rise in that situation. In the one we're talking about here, only one group of people benefit whereas the vast majority are negatively impacted. That's the difference. Source for the original post The above may be true, but we had a bearish rising wedge pattern with consolidation recently, and the parabolic rise was bound to run out of steam. So hopefully, whether or not manufactured by whales, this breather in the market will allow the bulls to recharge and buy in at a slight discount.
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Dapper
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June 05, 2019, 05:08:05 AM |
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Shrimp/Krill/Minnow: "I hate whales because they don't allow the price to rise high enough for me to do the EXACT SAME THING." ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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sent from my X6
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Ridwan Fauzi
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June 05, 2019, 07:08:28 AM |
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The whales will always hold a rein, bitcoin price is pure about supply and demand which mean if there is someone or a group who has lots of bitcoin on their wallet then they are selling and buying all bitcoin they have and its price will move. Especially for this situation, when everyone has a thought that bitcoin has had a good market because its price has been increasing from a few days ago then to wheedle them is so easy, they will consider its price up was caused by the real factor and assumed its price will goes up. But it is not happen, the price just increase for a while and then down again. This is the umpteenth time risk when someone has an investment in bitcoin and possibly in cryptocurrencies as a whole.
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