franky1
Legendary
Offline
Activity: 4326
Merit: 4652
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 04, 2020, 01:54:08 AM |
|
Bitcoin price is determined by the few whales who happened to hold since the early days. If they want they can pump BTC to 1M $ and if they want they can dump BTC to 100$. Doesnt matter who you are, A BTC holder or a daily trader, whales control BTC price. What I mean by whale? The person who have more than million Bitcoin. Bitcoin technology is great but Market is compeletly different story.
first of all. the only person to have claim of sole true ownership of 1m coins hasnt ever put coins onto an exchange in 9 years secondly there has never been a single market order of 1mill coins being sold thirdly whales in 2013 were people with 5000 coins. these days its people with 500 coins. (minnows are people with orders under 1btc) you cant stupidly say markets are manipulated by users with 1m coins when you cant even show proof that a single person or order of such magnitude of your exagguration ever occured yes trades get affected by users of 500 coins. and some think that manipulation. others call that people using their value. a true manipulation is what is known as 'ghost orders' that are not actual value based on a user balance of actual deposits.
|
I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
|
|
|
blckhawk
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 04, 2020, 02:02:11 AM |
|
I'm assuming that you posted this because of the recent pump almost $200 up yesterday, which is a clear sign of manipulation just looking how steep that line is, indicating that a whale must have entered the market and flooded the buy orders. Then it's only going sideways for at least 10 hours now with no signs of demand increase, took a recent dump maybe because it has been considered a resistance level, then another possible pump by a whale.
|
|
|
|
CryptoBry
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 04, 2020, 02:09:39 AM |
|
This can be true to some extent but it does not mean that whales hold all the lines. Remember that in 2017, the big reason why Bitcoin reached the $20K level was speculations and newbies at that time played the big part as they blindly bought Bitcoin even at its high price. All players big and small are actually having impact on the market. Making Bitcoin a million dollar in price can be the best interest of these whales but why they can't do it? Because there are also other factors that are playing in the market. Nonetheless, yes manipulations are really rampant in this industry and is the big ground why no ETF was granted a license in the USA.
|
|
|
|
hendra147
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 04, 2020, 02:36:12 AM |
|
Bitcoin price is determined by the few whales who happened to hold since the early days. If they want they can pump BTC to 1M $ and if they want they can dump BTC to 100$. Doesnt matter who you are, A BTC holder or a daily trader, whales control BTC price. What I mean by whale? The person who have more than million Bitcoin. Bitcoin technology is great but Market is compeletly different story.
the bitcoin price can be handle with 1 person, or a group of whale, do you know how much bitcoin circulation ? and how much the marketcap? if they pump in 1 market (eg kraken), people who trade on other market will be sell his bitcoin before pump on target in kraken, in other real example bitcoin price in iran right now $24.000 but in other country market its just under $10k i don't think any people can handle pump and dump, because bitcoin is truly decentralization.
|
|
|
|
BitDane
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 04, 2020, 03:03:25 AM |
|
Bitcoin price is determined by the few whales who happened to hold since the early days. If they want they can pump BTC to 1M $ and if they want they can dump BTC to 100$. Doesnt matter who you are, A BTC holder or a daily trader, whales control BTC price. What I mean by whale? The person who have more than million Bitcoin. Bitcoin technology is great but Market is compeletly different story.
Isn't this kind of scheme can be seen anywhere? Rich people wanted to get rich so it is natural for them to control and manipulate the market if they can. We can set an example for the supply of rice, they tend to hoard it to increase its price and if they wanted to make it lower they will suddenly release this hoarded supply to push the price of rice down. No one can handle and manipulated of bitcoin price because bitcoin is on investor hand not in some one hand where can handle of bitcoin and altcoin price, when bitcoin have higher price maybe investor try to invest with higher amount and sell all of it make bitcoin down, of bitcoin can manipulated and handle by one person maybe bitcoin will change price depend when he wants.
Those who have fund and authority can. If a person is too influential in an industry and at the same time have a huge fund of both BTC and fiat currency, he can easily control and manipulate the market.
|
|
|
|
barabarian1
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 04, 2020, 03:06:04 AM |
|
the anonymous and decentralized nature of bitcoin is very easy to manipulate by big traders or whales. but in my opinion the pope won't continue to manipulate the price of bitcoin because at this time bitcoin already has a large community. sometimes the price of bitcoin is also influenced by the news. bad news about bitcoin or FUD will make the price of bitcoin go down.
|
|
|
|
LogitechMouse
Legendary
Offline
Activity: 2548
Merit: 1041
Play Poker on Telegram
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 04, 2020, 03:40:02 AM |
|
At some points, this maybe true but as long as there are new investors coming into the market the chances of the market getting manipulated decreases. We can see a market manipulation right now because there are only a few people that can buy huge amount of Bitcoins and they can sell it whenever they want and at the same time, they can buy anytime they want and pump the market. Yes the technology behind Bitcoin is one of a kind but the market is manipulated right now. There are other altcoins out there which are good because of the reason why they created it but still it is manipulated. What we can do right now to prevent getting lost to these whales is target setting, proper discipline and fucking HOLD your Bitcoins ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) .
|
|
|
|
iamsheikhadil
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 04, 2020, 03:42:33 AM |
|
I don't really think anyone would hold more than a million bitcoins lol because that would be more than what Satoshi himself holds ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) , maybe it's the FBI then it's not an individual ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) besides, Bitcoin will be limited to 21 millions so doesn't matter who hold more, they will eventually sell. What matters is the underlying blockchain technology.
|
|
|
|
pooya87
Legendary
Offline
Activity: 3556
Merit: 10807
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 04, 2020, 04:34:58 AM |
|
Bitcoin price is determined by the few whales who happened to hold since the early days. If they want they can pump BTC to 1M $ and if they want they can dump BTC to 100$.
you are wrong. if this were true then price wouldn't have stayed stable even for an hour let alone for months. simply because pump and dumps like what you describe are profitable. if these whales in your imaginary scenario could indeed pump bitcoin to $1mil then they would have done it every day and make billions of dollars within weeks and abandon bitcoin an ultra rich person.
|
|
|
|
Reid
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 04, 2020, 04:49:45 AM |
|
Bitcoin price is determined by the few whales who happened to hold since the early days.
Since the early days? I don't think they are still holding it by now. They may have sold it already and all went divided to different owners. Now he ain't a whale anymore. I bet that $20k at 2017 made him greedy. If they want they can pump BTC to 1M $ and if they want they can dump BTC to 100$.
No, that is not how the market will flow. If they really can, then why not do it? That just means they cannot. Those who are holding hundreds of thousands of bitcoin still have that fear to sell at the wrong point. Why? They don't want to feel the "regret".
|
|
|
|
Sadlife
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 04, 2020, 04:51:33 AM Last edit: January 04, 2020, 05:09:16 AM by Sadlife |
|
If a whale dumps btc then the price gets cheaper for some it might be a negative effect but for others its an opportunity to buy and hold until some other whale pumps it. That's just how asset and trading works its an eternal buy and sell exchange. You just need to have an exit plan when you've gained enough profit before some whales starts dumping again.
|
▄▄▄▀█▀▀▀█▀▄▄▄ ▀▀ █ █ ▀ █ █ █ ▄█▄ ▐▌ █▀▀▀▀▀▀█ █▀▀▀▀▀▀▀█ █ ▀█▀ █ █ █ █ █ █ ▄█▄ █▄▄▄▄▄▄▄▄█▄▄▄▄▄▄▄█ █ █ ▐▌ ▀█▀ █▀▀▀▄ █ █ ▀▄▄▄█▄▄ █ █ ▀▀▀▄█▄▄▄█▄▀▀▀ | . CRYPTO CASINO FOR WEB 3.0 | | . ► | | | ▄▄▄█▀▀▀ ▄▄████▀████ ▄████████████ █▀▀ ▀█▄▄▄▄▄ █ ▄█████ █ ▄██████ ██▄ ▄███████ ████▄▄█▀▀▀██████ ████ ▀▀██ ███ █ ▀█ █ ▀▀▄▄ ▄▄▄█▀▀ ▀▀▀▄▄▄▄ | | . OWL GAMES | | | . Metamask WalletConnect Phantom | | | | ▄▄▄███ ███▄▄▄ ▄▄████▀▀▀▀ ▀▀▀▀████▄▄ ▄ ▀▀▀▄▄▀▀▀▀▀▀▀▀▀▄▄▀▀▀ ▄ ██▀ ▄▀▀ ▀▀▄ ▀██ ██▀ █ ▄ ▄█▄▀ ▄ █ ▀██ ██▀ █ ███▄▄███████▄▄███ █ ▀██ █ ▐█▀ ▀█▀ ▀█▌ █ ██▄ █ ▐█▌ ▄██ ▄██ ▐█▌ █ ▄██ ██▄ ████▄ ▄▄▄ ▄████ ▄██ ██▄ ▀█████████████████▀ ▄██ ▀ ▄▄▄▀▀█████████▀▀▄▄▄ ▀ ▀▀████▄▄▄▄ ▄▄▄▄████▀▀ ▀▀▀███ ███▀▀▀ | | . DICE SLOTS BACCARAT BLACKJACK | | . GAME SHOWS POKER ROULETTE CASUAL GAMES | | ▄███████████████████▄ ██▄▀▄█████████████████████▄▄ ███▀█████████████████████████ ████████████████████████████▌ █████████▄█▄████████████████ ███████▄█████▄█████████████▌ ███████▀█████▀█████████████ █████████▄█▄██████████████▌ ██████████████████████████ █████████████████▄███████▌ ████████████████▀▄▀██████ ▀███████████████████▄███▌ ▀▀▀▀█████▀ |
|
|
|
piebeyb
Legendary
Offline
Activity: 2394
Merit: 1038
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 04, 2020, 05:59:34 AM |
|
I want to see them whether it will be possible to manipulate until next week, I am still interested in seeing their game big people who hold bitcoin not on expert trading experts, I never believe it sometimes what we analyze about bitcoin will all change in a matter of seconds with a whim large holders, they are the ones who determine the charts as well as other traders
|
|
|
|
Murat
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 04, 2020, 09:14:50 AM |
|
Definitely, it's happening in here, Some big whales are always trying to manipulate Bitcoin price and in this way, they always try to get advantage from this platform, when you are saying this system is decentralized then I say nothing is decentralized in this world, When you have a syndicate then you can grab all the thing you want, so it's not any different thing, this types of crisis must bring some negative view towards this platform so this trend should be checked.
|
|
|
|
msarro
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 04, 2020, 09:33:03 AM |
|
Such things are common in the trading world, the forex market, the stock market, are all manipulated, until someone illustrates that the trading world is like the law of the jungle, the strong who hold the reins, we as small traders can only take advantage of the opportunities that exist.
Crypto people who helped bitcoin when it was a joke are now helped back by bitcoin. If you are in crypto trading then better swim with these whales to get profit. These whales are not only in crypto market they are everywhere be it forex, commodity, gold or any other trading market.
|
|
|
|
julius caesar
Full Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 644
Merit: 127
★Bitvest.io★ Play Plinko or Invest!
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 04, 2020, 09:45:04 AM |
|
Those whales are the big investors of the cryptocurrency. They are manipulating the market and control its price. They are holding a big amount of coin so that they can manipulate the price of the specific coin. They are doing it for the benefit of the community itself.
|
|
|
|
FairUser
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 1344
Merit: 264
bit.ly/3QXp3oh | Ultimate Launchpad on TON
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 04, 2020, 09:52:12 AM |
|
This market is controlled by large institutional investors. So its price may increase or decrease depending on their intentions, but with the development of the world economy I think Bitcoin's value will always increase after each year. And that will help these institutions make a lot of profit in this market, in the future I hope the market capitalization may increase just like the stock market. This market will therefore be less controlled because there are more people investing in the market
|
|
|
|
xvids
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 04, 2020, 09:53:51 AM |
|
Bitcoin price is determined by the few whales who happened to hold since the early days. If they want they can pump BTC to 1M $ and if they want they can dump BTC to 100$. Doesnt matter who you are, A BTC holder or a daily trader, whales control BTC price. What I mean by whale? The person who have more than million Bitcoin. Bitcoin technology is great but Market is compeletly different story.
Yes it is manipulated but it is not as easy as you've said, They could manipulate it by making wave if they suddenly sell a huge amount and FUD started then the people would also sell because of their fear, That is how they manipulate it.
|
|
|
|
ohyeahhaha122
Jr. Member
Offline
Activity: 267
Merit: 7
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 04, 2020, 10:27:10 AM |
|
yeah this market seems to be manipulated by people who hold huge amounts of bitcoins, so it leads to a very difficult market for traders or holders to make a profit, technical analysis accounts for only 50% The remaining 50% depends on the psychology of the people who called whales, you can see that matic is an example
|
░▒▓ DFINANCE is New Age of DEFI ▓▒░ ░▒▓ A Non-Code Platform for Decentralized Trading Instruments ▓▒░ ░▒▓ https://dfinance.co ▓▒░
|
|
|
Doell
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 04, 2020, 10:27:49 AM |
|
so he means whale controls prices that's actually not true ,well we do have a big investor but we also have other investors ,whale is not the richest a person but a community that has big funds it's also not easy business competition ,even though their game unique but they also compete to maintain prices including the exchange I mean
|
|
|
|
imstillthebest
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 04, 2020, 10:39:02 AM Last edit: January 04, 2020, 10:55:44 AM by imstillthebest |
|
so he means whale controls prices that's actually not true ,well we do have a big investor but we also have other investors ,whale is not the richest a person but a community that has big funds it's also not easy business competition ,even though their game unique but they also compete to maintain prices including the exchange I mean
community is compose of many individuals but whale is only compose of one person . whale cant be call a whale its not rich but a comunity only have a limited amount of funds however it is possible to control the price against the whale if all comunity and every individuals will work together about it . that is true that whales controls the prices of cryptos but luckily whales do also have mercy because they dont dump the price hard plus they also give others a chance to earn once they pump the coins .
|
|
|
|
|