Eugenar
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January 04, 2020, 10:40:11 AM |
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I see it is somehow a bit exaggerated? if it would happen to be increased to a price of 1m dollar, it is most likely that the entire world's currency is using bitcoin, whales do probably impact to the bitcoin price but what makes the bitcoin's price steady are the huge volume of people who follows the whale and make the market price of bitcoin even higher. In addition, it couldn't be possible because there might be a huge inflation to the bitcoin and the world.
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tianglistrik
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January 04, 2020, 10:40:24 AM |
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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
which is feared actually if they make the same move, the funds owned are large if the pope makes large sales together then dumps on the market can occur. but I am sure that the pure flow of the market may reject it, because their big challenge in manipulating it is pure movement of prices, unless they have the drive from the media.
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Asmonist
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January 04, 2020, 11:54:08 AM |
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Maybe somehow they really affect the market price since they have higher volume of investment. On the other hand, I still believe that the government and some political factors affect also. It may somehow manipulated in a way how the market moves which also depends on the buying and selling activities of the users. For small investors like me will definitely somehow suffer from it.
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samcrypto
Sr. Member
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Vave.com - Crypto Casino
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January 04, 2020, 12:12:55 PM |
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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.
Not just bitcoin, the market is being manipulated and of course the exchanges as well and we are in a world where money is very powerful and what we expect from those billionaires? To give us the money and stop from earning more? Of course they wont stop and will keep aiming for a high heights. We as a small investors should not be afraid, ride the wave with them its possible if you start thinking better Trading works like this, everyone wants to win on their own.
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KrisAlex18
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January 04, 2020, 12:16:07 PM |
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Maybe somehow they really affect the market price since they have higher volume of investment. On the other hand, I still believe that the government and some political factors affect also. It may somehow manipulated in a way how the market moves which also depends on the buying and selling activities of the users. For small investors like me will definitely somehow suffer from it.
It's true that there are some political aspects that affect the price of bitcoin due to manipulation especially now that the world war is near to come with just little fire to be put. Small investors will be left in blank space and would surely suffer.
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arimamib
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January 04, 2020, 12:37:37 PM |
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Maybe somehow they really affect the market price since they have higher volume of investment. On the other hand, I still believe that the government and some political factors affect also. It may somehow manipulated in a way how the market moves which also depends on the buying and selling activities of the users. For small investors like me will definitely somehow suffer from it.
sometimes politics does not benefit bitcoin, what is clearly seen is a regulation against bitcoin in countries. and for me even more frightening is the manipulation of people who have a lot of funds, because they can easily control especially if the coins don't have a lot of volume on the market.
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FlightyPouch
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January 04, 2020, 12:58:13 PM |
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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
Well, that is obvious since we are in a decentralized community, why is this a big thing? With the decentralization, no one can control the price but it can be manipulated by the people who has a lot of them. I am here for almost 3 years and to be honest, upon knowing that I don't expect too much but after sometime it doesn't matter anyway since it is not that everytime they will just dump their assets everytime.
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anxenial
Jr. Member
Offline
Activity: 423
Merit: 1
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January 04, 2020, 01:16:04 PM |
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It could be manipulated somehow but its hard to tell who's the whale. In any investment or financial vehicles like stocks, forex and cryptocurrencies its all about volume and market condition that dictates the price. The good side of Bitcoin is no one owns it which the price depend from the holder unlike traditional financial institution who can directly control the price.
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pushups44
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January 04, 2020, 01:31:10 PM |
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All markets are manipulated. People should have learned this from the fallout of the LIBOR scandal. The gold and silver markets are likewise manipulated. The central banks are continually manipulating the value of fiat currencies. The argument that a market is manipulated to disparage it is a sign of naivete.
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Edraket31
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January 04, 2020, 01:38:26 PM |
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All markets are manipulated. People should have learned this from the fallout of the LIBOR scandal. The gold and silver markets are likewise manipulated. The central banks are continually manipulating the value of fiat currencies. The argument that a market is manipulated to disparage it is a sign of naivete.
Agree that's why we should be aware and keep updated with all the things that is happening in the crypto world, and learn to study the market and how the whales are manipulating the market, because you can really tract it like others are doing especially if you are holding a lot of Bitcoin and you are aiming for only short term.
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iamsheikhadil
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January 04, 2020, 01:41:30 PM |
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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.
Well, what I believe is if one is even a small trader but is rigid to their own terms like I have seen traders trading smaller amount of funds but they are rigid on what they would sell at instead of giving up when coins are getting dumped which the majority of smaller traders actually do because they panic and sell and big whales take advantage of that so collectively small traders if become a group and one and resist big dumps, then surely the manipulation can be lessened to a lot.
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topbitcoin
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January 04, 2020, 01:48:16 PM |
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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.
Whale really keep discussed in this forum. I think it is ok if price manipulated as long they are not make bitcoin price bad for people. I mean about people lose or profit in trading is a common thing. And as long bitcoin not lose it's value and reach 0, i think whales is free to do what they do.
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21millionmerits
Newbie
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January 04, 2020, 01:55:59 PM |
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Re: Bitcoin Market Is Manipulated 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.
21 million merits for you!
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ufaiz50
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January 04, 2020, 02:01:37 PM |
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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.
It is undeniable that this is very commonly known by traders and users, a decentralized cryptocurrency market where prices are determined by demand from the largest holders (whales). That is why an issue like this is the subject of discussion if there is a fast pump or large value changes. But what's interesting in the crypto market is its fluctuation, I admit the attraction of crypto fluctuations.
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keeee
Sr. Member
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" Coindragon.com 30% Cash Back "
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January 04, 2020, 02:08:57 PM |
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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
I agree, first of all no one can manipulate the value of bitcoin. If anyone can Then I think bitcoin will be useless because people will lose interest on it since anyone can play the value of it. Yes we have big investor but that doesnt mean they can also manipulate bitcoin because even the riches people dont have the power to do it.
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Twentyonepaylots
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January 04, 2020, 02:26:03 PM |
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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
You may be exaggerating the abilities of a whale, they can indeed pump the price up to a few hundreds or thousands of dollars but not to the extent that it will reach said heights. Besides, it's not like the only factor a whale considers is the amount of bitcoin he/she has in disposal, we have taxes and bunch of other things that affect the price of bitcoin itself. In all honesty we still hold an equal maybe even greater power than the so-called whales, if we pull-out our investments they'll go broke. Easy.
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cryp24x
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January 04, 2020, 02:31:54 PM |
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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.
I totally agree with you. That is a simple explanation of how the market works with whales. Whales really have an impact when they decided to make a movement on the market. Since there are whales who control the market, we will experience sudden crash and bullrun.
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Youghoor
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January 04, 2020, 02:37:14 PM |
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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.
Definitely the market of bitcoin is manipulated by people with enough bitcoin. The entire network of bitcoin is decentralized and anyone can influence the market if the person owns enough bitcoin. It is very difficult to see someone buying 1 bitcoin on an instant. This means if you have 100bitcoins, you can easily determine the market value of bitcoin on a particular exchange platform for weeks.
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marcous
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January 04, 2020, 03:07:33 PM |
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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.
I think so, where the market is currently too much manipulation that confuses small traders/investors. Just look at the chart! The current market is very different if it has been controlled by one party because there are too many games. and not a few investors/traders also decided to retire from the crypto world because they feel mentally tired of facing this manipulation.
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GideonGono
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January 04, 2020, 04:00:22 PM |
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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.
When they manipulated it on lowest price then it will be sure that some veteran for crypto consuming and manipulating it so they can also be the part of top holders. Then the bitcoin would be pump by the price. That's why it would never be shit coin when there are demand from this world. They could manipulate bitcoin but they'll do it on process because they can also lose bitcoin when they do wrong.
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