Are the Whales Control bitcoin price?

[kzkazu]

Bitcoin is decentralized and no one can control it. When a large number of bitcoin holders in the market make some money flows, the price may be affected, but not controlled.

[bitzizzix]

Whales are the largest mammals in the world and also the most powerful investors in this crypto market and have been around long before bitcoin or crypto existed, and whales play on people's emotions and use the opposite of what most people do and think.
when people are scared, they buy because most people are selling. And conversely when there is greed they sell because most people buy and a lot of people and small investors hate this but this is a part of this industry that is not going away.

[Riodarvg]

Whales are the largest mammals in the world and also the most powerful investors in this crypto market and have been around long before bitcoin or crypto existed, and whales play on people's emotions and use the opposite of what most people do and think.
when people are scared, they buy because most people are selling. And conversely when there is greed they sell because most people buy and a lot of people and small investors hate this but this is a part of this industry that is not going away.

Bitcoin price is determined by many factors, and whales alone still cannot control Bitcoin. When whales in the market move funds, it will cause panic to some investors. Whales will use people's emotions to change the direction of the market, and the market will fluctuate.

[Fara Chan]

Bitcoin is decentralized and no one can control it. When a large number of bitcoin holders in the market make some money flows, the price may be affected, but not controlled.

We also have to know that PAUS are not only personal but can be companies and associations, so they have the quality to influence the market, the financial strength they have can maximize investment until the market fluctuates.

The habit of manipulation occurs due to buying actions carried out by PAUS when market conditions are down, so that they enter a period of heavy buying, people think this is a long rally that can pump up the market at a certain stage, but this is their scenario in collecting maximum profits and releasing during pumping conditions occur. Mastering market manipulation is often called trying to play a strategy, so PAUS can take two parts in the process of correction and pumping.

[Natalim]

Whales are the largest mammals in the world and also the most powerful investors in this crypto market and have been around long before bitcoin or crypto existed, and whales play on people's emotions and use the opposite of what most people do and think.
when people are scared, they buy because most people are selling. And conversely when there is greed they sell because most people buy and a lot of people and small investors hate this but this is a part of this industry that is not going away.

Whales are just doing their side what is good for them and so are these sellers. Perhaps, we can never expect that everyone is meant to hold but some will just sell and whales are taking the opportunity to buy their coins. We know that manipulation exists in the market but actually, not only whales are benefiting from this but also small investors and holders got shares from it. I'd never think they are greedy, they only just did what is good for them.

[justdimin]

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?

Both yes and no from me too. I think whales do not have the money you guys think that they do, news do change it, so whales can actually change it but basically by saying stuff and there is a difference to it. Imagine a market where billions and billions of dollars exchange hands everyday, I mean look at the crypto market and trading volume, when you see that do you really think that anyone has enough money to change anything in there? I think there is obviously nobody on earth that can.

You can buy 5 billion dollars worth of bitcoin OTC and not even move it a dime, but if you SAY you will buy 5 billion worth of it, it will move like crazy.

[Hypnosis00]

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 may have huge investments in crypto but this is not enough to move Bitcoin to where they wanted to go because I believe the term " Decentralized" and Bitcoin does which is difficult for them to do it. They actually can change the market view with the help of social media, they can somehow manipulate and fake trade volume - buying, selling, and moving their money to the other account just to show that there is a huge event on that particular exchange.

They can't do it in Bitcoin but for altcoins, that seems easy for them.

[Haunebu]

Whales can influence the BTC price whenever they want since it's a financial currency just like USD, EUR etc, but they can never fully control it. BTC creators weren't dumb enough to allow something like that to happen.

BTC has, will and shall always be decentralised to some extent despite all the rising regulations against it over time op.

[Maidak]

Whales are the largest mammals in the world and also the most powerful investors in this crypto market and have been around long before bitcoin or crypto existed, and whales play on people's emotions and use the opposite of what most people do and think.
when people are scared, they buy because most people are selling. And conversely when there is greed they sell because most people buy and a lot of people and small investors hate this but this is a part of this industry that is not going away.

Bitcoin price is determined by many factors, and whales alone still cannot control Bitcoin. When whales in the market move funds, it will cause panic to some investors. Whales will use people's emotions to change the direction of the market, and the market will fluctuate.

It is true that the bitcoin price is determined by many factors but I still believe that whales are still manipulating the bitcoin price. For me, the crypto market is so new and so small that manipulation is inevitable. With a market cap of less than $1 trillion and the absence of any regulation, price manipulation with sharks is incredibly easy. Of course, here there is not only one shark but there will be many and in the market, the story of big fish eating small fish always happens.

[panganib999]

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?

They do have some sort of governance over bitcoin's price. In the past whales have pumped and dumped bitcoin's price a few times. However, it must be said that the general power still lies in the collective, as without us who supports bitcoin through ups and downs, no amount of price injection will ever pump bitcoin's price for a stable amount of time. Moreover, bitcoin's abilities are best exhibited when more people use it. So don't fear about the whales having total control over bitcoin, we still outnumber them.

[BlackHatCoiner]

Bitcoin is less manipulative over the years-- that ought to be noted. Whales do affect the price, but they're less effective over the years, unless there's a big incident happening. For example, a month ago, when FTX bankrupted, there were even whales panicking. And it dropped the price how much? 10-15%?

A few years ago, if a whale sold a billion dollars worth of bitcoin, things would have gone a lot worse. Just see what had happened with MtGox.

[Myleschetty]

Whales are the largest mammals in the world and also the most powerful investors in this crypto market and have been around long before bitcoin or crypto existed, and whales play on people's emotions and use the opposite of what most people do and think.
when people are scared, they buy because most people are selling. And conversely when there is greed they sell because most people buy and a lot of people and small investors hate this but this is a part of this industry that is not going away.

Bitcoin price is determined by many factors, and whales alone still cannot control Bitcoin. When whales in the market move funds, it will cause panic to some investors. Whales will use people's emotions to change the direction of the market, and the market will fluctuate.

It is true that the bitcoin price is determined by many factors but I still believe that whales are still manipulating the bitcoin price. For me, the crypto market is so new and so small that manipulation is inevitable. With a market cap of less than $1 trillion and the absence of any regulation, price manipulation with sharks is incredibly easy. Of course, here there is not only one shark but there will be many and in the market, the story of big fish eating small fish always happens.

yes, the Bitcoin market price is determined by different factors this negative news, mining difficulty, 4years cycle, are one of them but the major controller or manipulator of this current market is the Humpback ^{directly a billion investors} and it will take 2 or more plan to manipulate this current market.

[solehdavid]

Of course they can do it, but they need to move collectively and it will also be important how the fish are positioned.

[Sanitough]

but if the whales owned 51% of bitcoin, can do it?

A "whale" can move the markets to a certain extent, but it doesn't give them overall control over the markets. Take note that even "whales" that attempt to manipulate markets can also lose money.

Also, no "whale" owns 51% of the total supply. Most of the wallets with huge bitcoin holdings(though definitely nothing close to 51%) are exchange cold wallets.

if happen, does decentralization not exist?

Bitcoin is proof of work, not proof of stake. So even if a single person held a huge chunk of Bitcoin, that wouldn't give him special powers over the protocol.

https://www.investopedia.com/terms/p/proof-stake-pos.asp

I guess that explains everything. Regardless of the amount of their possessions, they will never have the full control over the crypto prices. Everything in the market is still unpredictable so whales still end up with price predictions after all, like any other small investors here in the crypto market.

[Russlenat]

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?

No. No one controls the cryptocurrency prices because even Satoshi I guess is never aware of it. Big whales may have the best advantage when it comes in accumulating a lot of coins but they can never hold the crypto prices nor control it. That is why if they have seen golden opportunities to enter the market, they will always find ways to maximize their purchases more than any other regular investors can do.

[ilovealtcoins]

Bitcoin is decentralized and no one can control it. When a large number of bitcoin holders in the market make some money flows, the price may be affected, but not controlled.

Maybe bitcoin won't be controlled, but its price could be, looking at the market cap, it's just $1 trillion, and I would say this is a minimal number for the financial markets. So its being manipulated is certain. It's all a game, where people take money from each other and forget about technology or decentralization, it only makes you lose more with illusions.

[coinerer]

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?

A whale investor can make the market take an unusual shape, but not for long.  When a person buys or sells billions of dollars of bitcoins at once, it is normal for the market to behave differently for a while.  But he alone cannot control the entire market as he wishes. But yes I believe that some part of the market can be controlled by whale investors but the whole market is not dependent on them.

[noormcs5]

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?

Decentralization does not mean that a person cannot hold majority of the bitcoins. The difference here is that the bitcoins are limited in number and they supply can't be increased. So in that case if you want to buy bitcoin you need to pay a highlight price and acquire bitcoins.

If there is demand in bitcoin people have to buy it from the market and this is difference from the fiat money where the powerful people can just print the fiat money, which make rich people more rich and poor people more poor.

[imamusma]

A whale investor can make the market take an unusual shape, but not for long.  When a person buys or sells billions of dollars of bitcoins at once, it is normal for the market to behave differently for a while.  But he alone cannot control the entire market as he wishes. But yes I believe that some part of the market can be controlled by whale investors but the whole market is not dependent on them.

Certainly true and that it is possible for whale to manipulate the market but not completely. The fact is that they can also lose lot of money in this very volatile market, so they can only afford it to limited extent. Even anyone but the whale can move the market, but at certain limits and at certain times.

Apart from that, the market can also move with other developments and issues in the industry, such as FUD and other negative news. So not only can whales change market trend, but many other things can also play a role.

[Rana590]

Bitcoin is decentralized and no one can control it. When a large number of bitcoin holders in the market make some money flows, the price may be affected, but not controlled.

Maybe bitcoin won't be controlled, but its price could be, looking at the market cap, it's just $1 trillion, and I would say this is a minimal number for the financial markets. So its being manipulated is certain. It's all a game, where people take money from each other and forget about technology or decentralization, it only makes you lose more with illusions.

Market can be manipulated by big whales and I believe that. Bitcoin is a decentralized crypto but its price is influencing regularly. Many people are losing money here  who don't know the basics about crypto strategies. But it is not possible as a single person and I think most of the whales work together for their personal benefits.