What to do with whales?

[Chato1977]

40% of all Bitcoins are owned by just 1000 individuals.

This gives them a disproportionate amount of control over the market as they are able to dump them at anytime.

This is not to mention the high proportion of bitcoins held by miners and exchanges, who may have perverse incentives to ensure that as many people buy up bitcoin as possible and hold it for long enough for the price to rise.

Is there any way to deal with the high degree of centralisation that Bitcoin has?

Dont worry those 40% are not getting along with each other to manipulate the market so there is no Centralization happens here.
but what we can do about that? best to be good in TA so it will be be better to find profit on your investments .

[michellee]

40% of all Bitcoins are owned by just 1000 individuals.

This gives them a disproportionate amount of control over the market as they are able to dump them at anytime.

This is not to mention the high proportion of bitcoins held by miners and exchanges, who may have perverse incentives to ensure that as many people buy up bitcoin as possible and hold it for long enough for the price to rise.

Is there any way to deal with the high degree of centralisation that Bitcoin has?

Dont worry those 40% are not getting along with each other to manipulate the market so there is no Centralization happens here.
but what we can do about that? best to be good in TA so it will be be better to find profit on your investments .

What needs to be our concern is how we can follow their step and make a profit. That is important because if we only watch them move the funds without doing anything, we will not be able to make a profit and only regret the opportunity.

To follow their step, we need to learn more in analysis so we can predict where the market will move and maybe we can get some clue about what will they do with the funds.

[DeathAngel]

Whales can only move the market significantly when volume is low. They retreat when retail comes in. They basically like splashing around in shallow waters. Once the tide comes in they don’t have any power.

[hodlftw]

The only thing we can do is create a new system where everybody gets xxx amount at the same time. You know who will never go for that? I think Bitcoin was as fair as a distribution system as you were gonna get. We can try again but wouldn't the richest just snag most of the newest tech just in case it "moons". I think we are in a perceptual cycle unfortunately at the moment.

[habebe]

Nothing really needs to be done with whales.  maybe it's not easy for them to drop their bitcoin in a market because they can switch from a small amount and use it to invest even a small amount of bitcoin.  When those people believe in bitcoin and cling tightly to a bitcoin owner because it’s a very important thing to everyone, Maybe they’re just looking at every price move obviously, because they may not know who the other is.  whales and they only see the address of each wallet without memorizing who owns it.

[worldofcoins]

40% of all Bitcoins are owned by just 1000 individuals.

This gives them a disproportionate amount of control over the market as they are able to dump them at anytime.

This is not to mention the high proportion of bitcoins held by miners and exchanges, who may have perverse incentives to ensure that as many people buy up bitcoin as possible and hold it for long enough for the price to rise.

Is there any way to deal with the high degree of centralisation that Bitcoin has?

It gives them the advantage for sure, but without manipulating the mainstream media they will not be able to do much, People will start to notice their pattern because most of the people do the same thing again and this world lack intuitive people so they will need people to do mass manipulation into market, Pump and dump schemes , FOMOs , etc.

[24Kt]

Whales can only move the market significantly when volume is low. They retreat when retail comes in. They basically like splashing around in shallow waters. Once the tide comes in they don’t have any power.

Also, it is not their best interest to control the market. And in the first place, these whales are not talking with each other because they don't know who's who are holding those big holdings. So how can they come up with an agreement to manipulate the market? Let's say, some have communication with others, but do you think these whales will really talk to each other and plan how to control the market? I don't think so. So you really have nothing to do with these whales because they have their own plans for themselves and it is not our business to know them.

[Fortify]

40% of all Bitcoins are owned by just 1000 individuals.

This gives them a disproportionate amount of control over the market as they are able to dump them at anytime.

This is not to mention the high proportion of bitcoins held by miners and exchanges, who may have perverse incentives to ensure that as many people buy up bitcoin as possible and hold it for long enough for the price to rise.

Is there any way to deal with the high degree of centralisation that Bitcoin has?

There is nothing much the community can do to whales without causing downsides to the wider Bitcoin community. You'd have to implement some sort of decay or tax on these amounts which would undermine some of the very benefits of cryptocurrency (stability against inflation and general security). Whales in many cases are a blessing, because they are taking a vast proportion out of circulation and unless they are an outfit like Paypal then those coins may never re-enter circulation. If you're interested in seeing your holdings go up in value then that would be a positive for you. There are always going to be hoarders and collectors in the world, so you have to ignore/work around them.

[finaleshot2016]

We can't blame holders who have the ability to dump at any time because they're the ones who believed in bitcoin from the start and can buy it at any price. This is an investment, which is why, in order to gain money, you should be able to plunge in and swim in the ocean. Whales are whales, but they won't sell until they're satisfied with the profit they'll receive. Also, because the market hasn't gotten centralized as a result, it's still worse to have a bunch of fud cases than a whale selling his bitcoins to cause the market to crash.

[Natalim]

We can't blame holders who have the ability to dump at any time because they're the ones who believed in bitcoin from the start and can buy it at any price. This is an investment, which is why, in order to gain money, you should be able to plunge in and swim in the ocean. Whales are whales, but they won't sell until they're satisfied with the profit they'll receive. Also, because the market hasn't gotten centralized as a result, it's still worse to have a bunch of fud cases than a whale selling his bitcoins to cause the market to crash.

Indeed, whales are also investors, we can't rid of them but instead, respect what they do and go along with them if we can. Such manipulation could be possible at their hands but not to say that they are controlling the market. And that because they have the money enough to direct the price trend, that gives them enough profit more than us small investors.

@OP, The fact that they are not killing the market then has no reason why we have to get angry with them. And besides, their contribution to the market is huge and that very helping for this become known to the community.

[diahsw]

1000 individuals is a lot to count, so should we worry, and surely those 1000 individuals are spread all over the world, so maybe the bitcoin balance will be maintained. although sometimes bitcoin drops drastically, but that's very reasonable, considering that bitcoin is now very influential on world issues.

[Dewi Aries]

40% of all Bitcoins are owned by just 1000 individuals.

This gives them a disproportionate amount of control over the market as they are able to dump them at anytime.

This is not to mention the high proportion of bitcoins held by miners and exchanges, who may have perverse incentives to ensure that as many people buy up bitcoin as possible and hold it for long enough for the price to rise.

Is there any way to deal with the high degree of centralisation that Bitcoin has?

If me i will accept it, not want to force or think about something bigger than what i can do. If whales want to pump bitcoin then i don't have other choices to follow, if i have coins then i can sell it. If they dump coins and i still holding some, then it is time for me to be patient because someday they will pump it again.

[witcher_sense]

The fact that whales have great amounts of bitcoins in their wallets is a clear indicator of the high demand for bitcoin. When demand for bitcoin, or to say it differently, cash balances, increases it causes the natural growth in the bitcoin price. The growth in price makes each bitcoin unit stronger in terms of purchasing ability, which automatically means that more and more people can satisfy their needs by buying certain goods and services. The more bitcoins are being held by whales the higher purchasing power bitcoin gets. Whales, in effect, contribute to everyone's wealth. If you still want to get rid of them, then the only thing you should do is lower demand for bitcoin by making it almost worthless as savings technology. In that case, however, not only will whales be selling their hoardings but also other people because their purchasing power will plummet along with the price.

[michellee]

1000 individuals is a lot to count, so should we worry, and surely those 1000 individuals are spread all over the world, so maybe the bitcoin balance will be maintained. although sometimes bitcoin drops drastically, but that's very reasonable, considering that bitcoin is now very influential on world issues.

Although 1000 individuals are many, I think we do not have to worry because they can not do many things with bitcoin unless they hold a lot of bitcoin in their wallets and are ready to do something. Bitcoin price is now getting a deep correction and reaching $59k but I believe it is just a matter of time for bitcoin to start another rally and when that time comes, that can surprise us because we never think about that. It is better you ready for anything that can happen

[dark1234]

they are the same as us what we think is profit and profit and profit, only they are more powerful to create market momentum quickly like when they throw it away but we don't need to worry about that, because in truth small holders can also be influential by way of togetherness transaction and hold it

[Zanab247]

I guess, we have nothing to do with them because no matter bitcoin they hold cannot cause anything to the market . Many of the whales are there for profit making, that is the reason why they cannot cause bitcoin to dump or to pump. Even though 40% bitcoin is be hold by 1000 individuals, it will hard for them to sell all bitcoin because they will be thinking if the price of bitcoin increase higher than this next week or next month or next year.
Now that the price of bitcoin is decreasing in the market, it is better to hold like the way whales are holding for the price of bitcoin to hit $70 before they can release half of their bitcoin for sale in case the price still increase more in the future.

[Golftech]

1000 individuals is a lot to count, so should we worry, and surely those 1000 individuals are spread all over the world, so maybe the bitcoin balance will be maintained. although sometimes bitcoin drops drastically, but that's very reasonable, considering that bitcoin is now very influential on world issues.

Although 1000 individuals are many, I think we do not have to worry because they can not do many things with bitcoin unless they hold a lot of bitcoin in their wallets and are ready to do something. Bitcoin price is now getting a deep correction and reaching $59k but I believe it is just a matter of time for bitcoin to start another rally and when that time comes, that can surprise us because we never think about that. It is better you ready for anything that can happen

That amount of numbers is enough to move the market if each one of them is holding many coins inside their wallets.

It's hard to detect if they are working behind any market movement. Whales knew how to play and if ever they were doing

artificial scenes, they are also the same investors that will manifest good benefit out from that actions.

You don't need to do anything about those whales, just protect yourself and do your own way of investing around this venue of investment.

[michellee]

1000 individuals is a lot to count, so should we worry, and surely those 1000 individuals are spread all over the world, so maybe the bitcoin balance will be maintained. although sometimes bitcoin drops drastically, but that's very reasonable, considering that bitcoin is now very influential on world issues.

Although 1000 individuals are many, I think we do not have to worry because they can not do many things with bitcoin unless they hold a lot of bitcoin in their wallets and are ready to do something. Bitcoin price is now getting a deep correction and reaching $59k but I believe it is just a matter of time for bitcoin to start another rally and when that time comes, that can surprise us because we never think about that. It is better you ready for anything that can happen

That amount of numbers is enough to move the market if each one of them is holding many coins inside their wallets.

It's hard to detect if they are working behind any market movement. Whales knew how to play and if ever they were doing

artificial scenes, they are also the same investors that will manifest good benefit out from that actions.

You don't need to do anything about those whales, just protect yourself and do your own way of investing around this venue of investment.

But still, the situation is not the same as in previous years which the whales could move the price as they wanted. With many big companies involved in crypto and making investments in bitcoin, they will not easily move the price unless they want to make a panic mass and have a plan to make the price drop. Yes, it is hard to detect how they are working behind the market and we can only guess without knowing the right. Behind that, the whales are still active in taking part in the market because they want to use every moment that happens in the market. We only need to take care of our assets and follow the market moves but we do not have to enter the market if we are not sure and only watch the market moves.

[Wawa2013]

they are the same as us what we think is profit and profit and profit, only they are more powerful to create market momentum quickly like when they throw it away but we don't need to worry about that, because in truth small holders can also be influential by way of togetherness transaction and hold it

There is nothing to worry about what whales are doing, I agree that whales are the same as us as small investors, the purpose of whales to manipulate
in order to generate profit. The difference is that whales have large capital and are usually more experienced, so whales are smart to take advantage of
any situation to manipulate prices for profit. Therefore, as small investors, we should not be easily influenced and panic if the market suddenly changes.
As long as we hold potential coins, there is no need to worry if the price falls, because usually it will not take long before the price will rise again.
Like the current market conditions where almost all coins have fallen quite drastically, there is a possibility that this manipulation is done by whales
to make many small investors panic and they can buy at low prices. What we need to do now is if we have extra money we can buy more potential coins,
and if we don't have the capital, we need to be patient waiting for the market to recover.

[Ozero]

40% of all Bitcoins are owned by just 1000 individuals.

This gives them a disproportionate amount of control over the market as they are able to dump them at anytime.

This is not to mention the high proportion of bitcoins held by miners and exchanges, who may have perverse incentives to ensure that as many people buy up bitcoin as possible and hold it for long enough for the price to rise.

Is there any way to deal with the high degree of centralisation that Bitcoin has?

I don’t see anything wrong with the existence of whales, that is, that a thousand people own 40 percent of all bitcoins. No matter what we do, the whales have always been, are and will be. Yes, they can influence the crypto market, especially if they agree on coordinated actions. But we can’t do anything, because this is a decentralized market. At the same time, whales are also beneficial to this market. They revive it, periodically causing price surges and falls. Being the custodians of a significant amount of bitcoins, they have no interest in harming them.