Are the Whales Control bitcoin price?

[AmoreJaz]

First and probably most important, I want to emphasize that control and influence are not equated. Nobody can control Bitcoin's price, and if it could, it wouldn't have dropped to its current level. When whales are holding a bag, they all want to be pushed. However, they can sometimes influence the market through manipulation. It does not last long and is not always under control. It is decentralized and will remain so in the future.

i am on this one. no one can control the btc market as it is decentralised. even though there are whales, you can't expect them to talk with each other and agree when do they want to move the price in the market. so yes, no one has the capability to have the upper hand in this market. this question though was asked over and over but don't know why people are thinking that whales have big influence in this market. even the biggest btc holder can only make a dent, as you said, they may create a certain movement but won't sustain their influence.

[n0ne]

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?

Yes nobody can control it likewise the whales but the whales influence the price of bitcoin. The whales can not control your wallet and that is the decentralized exchange system we are talking about on bitcoin. They can only influence the price not the coin. So bitcoin is still decentralized in all time. Why it is decentralized  because of the p2p nature of bitcoin.

Control over bitcoin is a myth. In the past it happens when whales in the market make some movement of funds. This creates panic among the common people and when the users start reacting to it, market fluctuates. This gets used by the whales. This is how market movements happened in the past. Now people are well aware of the market and doesn't react to whale moves. This shows Whales were able to make some movement, but that doesn't mean control over the market.

[zzzbitzzz]

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?

There is no benefit for the "big" whales to move the price. Usually, market manipulation is done this way:

Buying the asset and advertising to retails to buy at the same time, the "whale"  will drive the initial stage of the pumping, then it is the market ( retails ) that keeps pushing the price up. Then whale sell ( dump ) the assert to take profit. Or do the opposite:

Selling the assert and make the publich think the same way and selling as well. Then buy the asset back and pump the price again.

However, in Bitcoin, it is very hard to do the important part: advertising to retails. It may work in alt coints, such as SOL, it will never work with Bitcoin where there is no advertising department at all

[Kiresiura]

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?

Bitcoin price depends on many factors. Because bitcoin is decentralized, no one can control the btc market, even if they own 51% of bitcoin, although it is impossible for someone to own half of the circulating supply. Whales can try to manipulate the price by trading bitcoin, but they can never control the price of bitcoin.

[TungTresa]

I'll say a baseless but true feeling that I think someone or an institution is controlling the bitcoin price.

[worle1bm]

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?

You mean half of the supply of bitcoin owned by a single whale? That's not possible because it will take billion of dollars as investment and moreover they can manipulate the prices but the external forces of demand and supply will determine the actual prices.Bitcoin remains decentralised in this manner also as you can see there are lot of whales with thousands of btc in their wallets but can they control prices single handily? No but they can try to create pump dump situations with the amount of coins they are holding as we generally see in the market.

[LogitechMouse]

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?

Don't think the whales like they are the Gods when it comes to investing where they can do what they want to do because they have all the money to do it.

Whales can't control the price of Bitcoin, or should I say, they can control but there is a limit into it unlike altcoins where most of the time, low market cap coins are the ones that are being pumped and dumped.

Regarding whales owning 51% of the Bitcoin, it will not happen because Bitcoin has been spread out towards many exchanges and many people. It's been distributed towards many investors, so I don't think that they have a chance to own 51% of the total circulating supply.

[Tommiewill]

If whales put all their money in bitcoin or took it all out it might drive the price of bitcoin, but they certainly won't do it. Otherwise, many people will stare at them. He didn't dare to make too many moves.

[llinazulrq]

Whales may want to control prices, but it won't be easy. I feel that if it is manipulated, then the point of decentralization is gone. When it is no longer decentralized, some people who entered the market for Bitcoin will be disappointed and exit the market.

[Llhxsdr]

They can buy in large quantities to cause price fluctuations, but the value of Bitcoin in the market is uncontrollable. They may affect the market but cannot control the market.

[tjtonmoy]

lets use DCG as a example that has fingers in many exchanges
https://dcg.co/portfolio/
coinbase says (sept 30th 2022) ~2m coins
so thats 11% of circulation of coins in just 1 exchange

I am not disagreeing on this fact that this will happen someday. As I mentioned, Different people will have different thoughts on this.
Single exchanges can have millions of cryptos in their hand, but they are owned by multiple persons. As far as I know, a well-developed and established platform would try to do such a thing.
They again, Not your key, not your coin.
So there will always be a chance of that happening. But the possibilities are thin. That's just what I was trying to say.

[Oasisman]

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?

Obviously, nobody owns 50% of Bitcoin in the current circulation. I know you're referring to all the whales in general, owning about half of Bitcoin current supply. The question is, are they all have the same mindset? Do they trust each other? It is for sure, some of them will take advantage of the face that they can potentially move the market whichever direction they want it. So, we don't have to worry about whales trying to manipulate the market, because obviously none of them can, as they are also trying to make money out of the other whales and retail investors. Just hold you BTC down, wait for the right time to sell as your target, and just watch how the whales play with some huge amount of money involved in crypto market.

[xSkylarx]

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?

First, there are no whales owning 51% of bitcoin, so you shouldn't be scared. Second, they cant still control bitcoin since it is already decentralized. No one can touch it, only its price. That massive holding can influence the price or the market, but to days date, no one owns it. Also, if there is one, that's only Satoshi. Also, if you are now thinking that those giant whales are talking to each other to control the price, it isn't impossible, but they are not doing it since they are not in that mindset.

[Artemis3]

To begin with how many bitcoins are in the market at any given time? Under 10%. Good luck burning your fortune to manipulate that. After you go bankrupt the other 90% may make their move, or not, since most people are holders for a good reason. Remember when a whale CEO threatened to destroy bitcoin just because his company was incapable to prevent a theft? He would have destroyed that company, not able to destroy Bitcoin, and not recover what was stolen. It took another whale to stop him...

Bitcoin has become world's money, it cannot be understood by the mindset of a country or even a group of countries, its for the entire world.

[coinerer]

Big whale investors can change the direction of the market but only temporarily.  But they do not control the entire market.  For example, when a whale investor invests a large amount in a coin, the price of that coin will immediately rise, and similarly, when the whale investor sells all the coins they hold together, it is normal to dump the price of that coin.  That's what happens

[|MINER|]

Big whale investors can change the direction of the market but only temporarily.  But they do not control the entire market.  For example, when a whale investor invests a large amount in a coin, the price of that coin will immediately rise, and similarly, when the whale investor sells all the coins they hold together, it is normal to dump the price of that coin.  That's what happens

Wel said, I think no one can touch the decentralized system of Bitcoin. But no one can control it's system but it's price can be controlled temporarily by investing as you said. If we look back to 2021 we will able to see that the market has been influenced several times, Many times they invest through signals to create this influence in the market, and after that they take their profit and loss were bearing by general people's.  I think these signal of those big whales is also a kind of trap.  Because even if they influence the market temporarily, and sometimes a good amount of loss is done during this temporary period.

[Maeve@]

In fact, I am also curious, if the assets are rich enough, can the price of Bitcoin be manipulated? So Bitcoin is still decentralized? If it happened, wouldn't the value of Bitcoin be determined by whales?

[TheUltraElite]

I'll say a baseless but true feeling that I think someone or an institution is controlling the bitcoin price.

The math here goes against that statement and you are free to believe what you feel is true, but if you can't back your belief with evidence you should be skeptical about it in the first place.

Thinking that some big thing is behind your loss is a common delusion that people have but the truth is that Bitcoin is decentralised and no one address controls to anything here.

If you dwell in trading for too long without the proper mindset these thoughts come in more commonly so keep a watch on your state while you trade.

[qwertyup23]

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?

Given the amount of BTC in circulation and the ones left to be mined, the whales can definitely shift the price of BTC in the market. But remember that the impact that they can do is not as huge as you think compared to stocks. While whales may have majority of the BTCs in circulation, their overall effect is relatively small due to the remaining BTCs left to be mined out.

I guess if a whale has majority of the BTCs after every BTC has been mined out by the year 2078, then a whale can control and manipulate the price. But as per controlling the market, I doubt that they have much BTCs to the point that they can perfectly and absolutely control the market at their will.

[stomachgrowls]

In fact, I am also curious, if the assets are rich enough, can the price of Bitcoin be manipulated? So Bitcoin is still decentralized? If it happened, wouldn't the value of Bitcoin be determined by whales?

Hate to say but this is how market works on which there's always those people who do sit on the top which does have or acquired lots of money and coins for them to move out the market as they like.

Take a look into those traditional markets on which those big corporations,companies,institutions would really be always having the advantage since they could move the price on the way they wanted
but of course on non obvious ways since we do have certain laws in regarding to this which they wont really be letting themselves caught but this is for centralized markets
but for crypto? there's no way we could really be able to point out those fingers.