Are the Whales Control bitcoin price?

[jokers10]

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whales can indeed be in control, but to destroy bitcoin of course they can never, so don't worry.

Strange idea to get a control over the price of an asset to destroy an asset. If someone would like to destroy bitcoin he'd probably choose a way of coding some malware or adopting some prohibitional laws. If someone even holds 51% of BTC by own it doesn't destroy bitcoin. You'll hardly can buy all bitcoins to prevent it's moving.

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[TheUltraElite]

Strange idea to get a control over the price of an asset to destroy an asset. If someone would like to destroy bitcoin he'd probably choose a way of coding some malware or adopting some prohibitional laws. If someone even holds 51% of BTC by own it doesn't destroy bitcoin. You'll hardly can buy all bitcoins to prevent it's moving.

Destroying bitcoin does not even make any sense. Controlling the bigger share of bitcoin also does not, because it is decentralized. Attempting to move the market using a large volume is possible but that does not allow a "whale" to control the price but only move it.

Laws on crypto are big way but possible that may happen in future, even then we got bigger heads on that for now and far as malware is concerned, we should be more careful about our own wallets and how we keep them safe because that is the easiest point of entry instead of the market.

It is the pump and dump groups that move more than what whales do in my opinion. But keeping all that aside, since our objective is to make profit off the market, just treat them as numbers and dont get emotionally attached to it.

[jokers10]

Destroying bitcoin does not even make any sense.
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Oh there are many different interests in the world: bitcoin competes fiat currencies including USD and EUR and their issuers could be interested in destroying a competitor; some classical assets like shares market can be also interested in redirecting of financial flows to them. And there could be some other interested party. So there could be sense, but the balance between interest and efforts makes it too expensive. So whales prefer to earn on bitcoin and not to try to destroy it.

[bbigtart]

Bitcoin whales can have a slight effect on Bitcoin but they are unable to fully control the price of Bitcoin. The factors that have been controlling the price of Bitcoin are still in effect i.e supply and demands and not whales. And most people who are new to the system tend to be scared of it because they were lied to or got a wrong information about whales and the price of Bitcoin. 

True, they don't have utter control over the market but they can influence everyone which that will make a move in the market. They may slightly affect it.
But, whenever they use media for it, we see that it seems a market manipulation because of what everyone is going to do and that's making them panic if it's a bad news.
These whales know how to play with everyone's emotion and they're maximizing the use of media for it.

I agree that Bitcoin is uncontrollable in its current form because it is designed that way. However, Bitcoin prices can and are manipulated by whales. I believe you can microtransact large quantities without negatively affecting the price. That's what Microstrategy does. On-chain data shows a high price correlation with whales moving in large numbers on or off exchanges. One scenario I've heard of is the whale has huge shorts, dumps a lot of bitcoins, shakes up a lot of people, and their micro buy orders gobble up the bitcoins.

[Agbe]

I think whales don't have full control over the price of bitcoin, it all depends on market demand where the market will continue to move if there are lots of buying requests,
but if someone has a large amount of bitcoin there could be a possibility of monopolizing the price,

Whales are the market movers, they decide when the market pumps or dump and majority of the whales are exchanges themselves because they have lots of liquidity provided by those making use of if their exchange as wallet and storing their coins over there.
FTX exchange was guilty of this as they found out that they were making use of customers funds illegally and that's what other exchange does too which make it easier for them to manipulate the market.
A Whale mightn't do the manipulation all by themselves but they can do it in groups and this trigger a market reaction whicy the retail traders begin to panic and dump their coins or buy more so they don't miss out on potential profits.

glendall then who gave the demand and supply in the market. Whales are the controllers of the market. They determine the movement of the market. If all the whale withdraw from bitcoin then the price drastically change and come down.

QueenVera I agree with you, one whale can not determine the price but as a cartel (group). The only part they can't do is the control of bitcoin but for the price they have influence. Bitcoin is a decentralized asset which nobody can control.

[Jody.Drummer]

Bitcoin whales can have a slight effect on Bitcoin but they are unable to fully control the price of Bitcoin. The factors that have been controlling the price of Bitcoin are still in effect i.e supply and demands and not whales. And most people who are new to the system tend to be scared of it because they were lied to or got a wrong information about whales and the price of Bitcoin. 

True, they don't have utter control over the market but they can influence everyone which that will make a move in the market. They may slightly affect it.
But, whenever they use media for it, we see that it seems a market manipulation because of what everyone is going to do and that's making them panic if it's a bad news.
These whales know how to play with everyone's emotion and they're maximizing the use of media for it.

We cannot deny that indeed the whales will have a slight impact, but not that big. I agree with what you said that supply and demand is still the main thing to control the bitcoin market. But now there is a lot of talk about whales influencing the price of bitcoin, in my opinion it is a belief that sticks in the mind. I mean when we have such thoughts and believe then we are under the illusion that what we believe is really happening, even though there are many other factors involved in it.

[Not your key not your BTC]

Now we know who control the bitcoin price, the company like blackrock, fidelity, valkrie and ets try to control bitcoi  price.

If you don't own bitcoin for now, you will buy it again on high price in the future

[dansus021]

Whales do not 100% control the market but they can move some candles up and down in a short of period of time. and I dont believe they can control bitcoin price entire time but I do believe they exist in other instrument as well

I mean money talks right if you have lot money you might move the price to your direction but Also bunch of retail can also act againts the whale too so decentralization is pretty much still there

[uchegod-21]

we all know no one can controls the bitcoin price because bitcoin isn't like bank, stock and valas. but if the whales owned 51% of bitcoin, can do it?. if happen, does decentralization not exist?

Whales have the power to manipulate the prices of coins and this is more evident in altcoins that has lower price and low market cap. Bitcoin is not very easy to manipulate this team, you are definitely gonna risk so many resources which may turn bad for you.
Talking about if whales own 51% of bitcoin whether it will affect decentralization. The 50% attack is not about the number of bitcoin owned but the computational power. So, nothing will happen to decentralization because bitcoin network is based on PoW and not PoS.

[Tony116]

we all know no one can controls the bitcoin price because bitcoin isn't like bank, stock and valas. but if the whales owned 51% of bitcoin, can do it?. if happen, does decentralization not exist?

Whales have the power to manipulate the prices of coins and this is more evident in altcoins that has lower price and low market cap. Bitcoin is not very easy to manipulate this team, you are definitely gonna risk so many resources which may turn bad for you.
Talking about if whales own 51% of bitcoin whether it will affect decentralization. The 50% attack is not about the number of bitcoin owned but the computational power. So, nothing will happen to decentralization because bitcoin network is based on PoW and not PoS.

I agree when comparing bitcoin vs altcoin manipulation, smaller cap altcoins are easier to manipulate. But saying that bitcoin is not easily manipulated, I disagree. We look at the entire market and can see a total capitalization of just over $1 trillion. Honestly, the financial market with such a small cap can be said to be insignificant, the manipulation is too easy, whales can manipulate the whole market, not just bitcoin. 1 trillion USD for an individual is huge, but compared to other markets, it is nothing, even less than the capitalization of a corporation. And that's why we still have a lot of opportunities to make big money investing in cryptocurrencies, but the risks will also be more.
What we are talking about is just price manipulation, as for the bitcoin network, I don't think anyone can manipulate it.