BTC price manipulation

[Apocollapse]

The amount of Bitcoin in circulation should be held 40-50% by the pope, and this is impossible.

What are you saying? based on the data, around 2-3% Bitcoin address are own 90% of total Bitcoin [1] although one address doesn't mean it's controlled by one person and those address might be come from centralized exchange hot wallet, but there's a high chance whales are own 40-50% of total Bitcoin.

But why does we need to worry if the whales are bought most of Bitcoin? It do increase Bitcoin price and make it more scarce, the whales will get benefit if they can pump Bitcoin price and at the same time many retail will get benefit too due to bullish market.

[1] https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

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[taufik123]

-snip-
But why does we need to worry if the whales are bought most of Bitcoin? It do increase Bitcoin price and make it more scarce, the whales will get benefit if they can pump Bitcoin price and at the same time many retail will get benefit too due to bullish market.

and when the whale starts to sell we also need to be vigilant because usually, the price will experience a significant correction. The whales know what to do, they always take profit whenever the market is bearish or bullish. If bitcoin is getting rarer and continues to be bought by some whales then the manipulation will continue. Currently, bitcoin is still not finished to be mined and still long enough to be mined of them. We as small traders must also be smart and be able to guess the steps of the pope, never fight the whale, it's better to go on his shoulders and think like them.

[jeffersonv95]

Interesting topic, although it seems to me that over the years it is increasingly difficult to manipulate the price of Bitcoin due to the acceptance it is having.

[_BlackStar]

Bitcoin price manipulation is possible, so I wouldn't say no because it can happen regardless of whether they are doing it individually or to a specific group.

I think we all know that the bitcoin market is still relatively smaller although over time it will get bigger. So it is safe to assume that the market can be manipulated as long as a person or group of people has large funds. However, you can believe it or not, but the most important thing is that you must always be wise in dealing with price fluctuations in the market.

[The Cryptovator]

Manipulation of Bitcoin isn't an easy task due to decentralization. But it's not impossible. A group of whales can manipulate the price and make our pocket empty lol. They can change market movements even though they won't last long. But definitely, they fill their pocket by taking advantage of people's emotions. It's not new, to be honest, whales have been doing it for a long time. I believe whales have an internal community that they decide to manipulate which is well organized.

[Hamza2424]

When you talk about manipulation of cryptocurrency then I think about it because I know very well that bitcoin cannot be manipulated because of its technology manipulating of bitcoin prices from the investors who invest in Bitcoin or hold bitcoin for long time without releasing it to the market so that is area that I understand but which can can be manipulated in another aspect

Strongly disagree, you are right and wrong as well the fundamentals can not be manipulated as the stack / Transection information and all that stuff but the point of Price manipulation is the wrong price can be manipulated. You remember the LUNA crisis that was manipulation you remember the China Fud that was a munuplation you know the Tesla News that was the manipulation of market price be manipulated bro that's very much obvious.

[Minecache]

I also believe that the bitcoin price can still be manipulated by some big whales and even an exchange like Binance has the ability to manipulate the price for a certain period of time. I believe short-term fluctuations in the bitcoin price are killing longs and shorts, being manipulated by exchanges.

The bitcoin market is growing day by day and so far the market capitalization has reached 1 trillion, but this is a very small number compared to other markets such as gold market with a capitalization of 12 trillion … so manipulation is possible.

[woez]

My view for BTC whales They are movers. Just like any other way of investing the whales will take advantage of it when there is a good opportunity for them to make money.

I don't think that manipulation is the right word. The bitcoin price is currently being manipulated by mining pools and mining companies. In order to manipulate a currency, they have to put in enough money to manipulate it, and have the idea that they can do whatever they want with it.

I don't see this happening, although I can see that professional traders are coming in and making some moves. I've also seen movement by major mining companies at times, but this is more of a move by miners.

And miners are not trying to control prices, instead they are trying to get more profit on their hardware, a reward for doing their job of securing the network and providing protection for the network against attacks.

[michellee]

As per my knowledge, BTC price can manipulate to some extent by whales. But whales need to respect market movment and only can do corrctions to some extent.
what is your thoughts?

I'm not sure if the whales are still manipulating the BTC price because they need to use more BTC to move the price to a certain level with the current BTC price. But if they just want to shake the price up for a while, they can do it, especially if they have a lot of BTC. And we really don't need to panic if the whales are trying to manipulate the price by moving it to a certain price because we can follow what they are doing so we can have a chance to make a profit.

[EarnOnVictor]

As per my knowledge, BTC price can manipulate to some extent by whales. But whales need to respect market movment and only can do corrctions to some extent.
what is your thoughts?

It's true that whales can manipulate the BTC market, but my concern is that what many are considering a market manipulation is not really what it is. I have read from some authors on BTT that claimed whales manipulations when it actually wasn't a manipulation but normal trading with big volumes. See, we have to differentiate things here, whales could only manipulate when they have collective trading in the same direction with big volume in a regular and timely fashion.

This doesn't offend happen, if it does, it would have been plainly recognized in the market. But the good news is that BTC trading has now been inculcated into the mainstream market, so the so-called whales do not have much say in the market manipulations again.

[noorman0]

Not sure if whales also like the spot market to hold large sums of funds. The assumption is that if that's true, it's certain that the manipulation here is only local, I mean only a few exchanges have volume that they are able to "control".

Strongly disagree, you are right and wrong as well the fundamentals can not be manipulated as the stack / Transection information and all that stuff but the point of Price manipulation is the wrong price can be manipulated. You remember the LUNA crisis that was manipulation you remember the China Fud that was a munuplation you know the Tesla News that was the manipulation of market price be manipulated bro that's very much obvious.

It's not manipulation, it's traders reaction (sometimes exaggerated) to the influence of the fundamentals.  If you also remember, some of Elon Musk's policies regarding bitcoin with his company after a few times slowly had no effect on the price.

[Techkoy407]

maybe whales can manipulate bitcoin prices, but it's not as easy as we think,
because the pope also has limited finances,
that's why the pope also likes to manipulate the news,
so that everything goes with the flow.

the conclusion is that if the pope wants to manipulate the price of bitcoin, he doesn't do it himself, but is helped by people who are carried away by the news.

[aylabadia05]

As per my knowledge, BTC price can manipulate to some extent by whales. But whales need to respect market movment and only can do corrctions to some extent.
what is your thoughts?

What I'm thinking about is not how the whales manipulate market prices, but I'm trying to figure out how I'm not being manipulated by the whispers that come to mind telling me to let go of Bitcoin.
We often hear about news that says whales can manipulate market prices, but when it comes to Bitcoin as the king of coins I don't think it matters. It is precisely my concern about the wave of economic crisis that will be faced by countries in the world.

[Jody.Drummer]

As per my knowledge, BTC price can manipulate to some extent by whales. But whales need to respect market movment and only can do corrctions to some extent.
what is your thoughts?

It's a simple explanation, there are too many things that happen in the market, not just manipulation, fundamentals have sometimes a reason.
It's normal that every market has a whale even though stocks, but I don't know if there's a manipulation in the crypto market, it seems you need a large fund for this, in order that you can manipulate the market price.

Whales are whales, they didn't need to respect the market.
Once the opportunity of making a profit is there, they will grab it, and they will laugh when they saw a weak hand selling their Bitcoin during the correction time.

It is undeniable that whales do exist and they have their own strategies for personal gain. They will be happy when a lot of people panic selling and they will take advantage of the opportunity to enter. And when the price starts to rise automatically many people are interested in joining and that's where the whales will slam the price because they have already made a profit. Actually we ourselves are wrong for following the algorithm they invented and in almost every market they do the same. We have also realized, but why the same thing continues to be done.

[BobK71]

I just consider it as a strategy. You can profit from this market in any way. No one has anything to say about it. It totally depends on you. Whales also want to constantly change their strategies so that they are able to make more profits. I think everyone has freedom in the cryptomarket. But when the market runs at its own pace, those who can keep sufficient holdings will be considered successful.

[Fara Chan]

What are you saying? based on the data, around 2-3% Bitcoin address are own 90% of total Bitcoin [1] although one address doesn't mean it's controlled by one person and those address might be come from centralized exchange hot wallet, but there's a high chance whales are own 40-50% of total Bitcoin.

Isn't that just a possibility, but has no certainty of ownership, moreover we don't know exactly the exchange is controlled by one, two or three people in a centralized hot wallet, the same is the case with Satoshi's bitcoin holdings, who can be sure of the amount?

But why does we need to worry if the whales are bought most of Bitcoin? It do increase Bitcoin price and make it more scarce, the whales will get benefit if they can pump Bitcoin price and at the same time many retail will get benefit too due to bullish market.

In this case I agree, the bitcoin price pumping process is usually preceded by a purchase by the Pope, so retail purchases will greatly benefit, after the pumping occurs and experiences an increase in the price of bitcoin, but the number of bitcoin holdings is difficult to translate.

[Artem Sereda]

Whales absolutely do not care about respect for the market. They can manipulate the price, it's true, but they do it only for their own benefit. And I can understand them.

[rendravolt]

I just consider it as a strategy. You can profit from this market in any way. No one has anything to say about it. It totally depends on you. Whales also want to constantly change their strategies so that they are able to make more profits. I think everyone has freedom in the cryptomarket. But when the market runs at its own pace, those who can keep sufficient holdings will be considered successful.

I think this situation is like a sharp double-edged knife, it can make you profit but it can also make you lose. With a very high level of risk it can be said that more than 70% is very contradictory. Therefore, if you want to trade, you should use 10% to 20% of the allocation of funds, so that everything goes safely and avoids a lot of losses.

[Adbitco]

This is a very good point for a trader, you ought to be vigilants for any price manipulation maybe if you would keep to survive in dip you can be active, but this doesn't mean the whale can't do whatever they feels like doing with their bitcoin is only those who are afraid of market dip would likely sell of their btc to the whales with just little treat to the market while traders see such moments as an opportunities for their entry points.