Are the Whales Control bitcoin price?

[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.

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[jokers10]

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.

Control over the market with immediate changes of the chosen parameters is not what we are mainly talking about whales influence. Moreover it has no sense for them in such control. Main idea is in organizing of a long trends: they provoke prolonging or changing of the trends in a chosen market and earn on how these trends go forward based on that. No need of controlling in each minute.

[xSkylarx]

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.

It is not possible if only one person can manipulate or influence the price, for sure it is an organization, but again, those whales (if true) are good guys as they don't manipulate the price, meaning they have so much bitcoin that they can influence the price but they aren't doing it. In contrast to altcoins, once you have a large portion of it, which we can easily obtain on presale, or if it is new, the price will drop when you begin selling your coins. 

[jokers10]

It is not possible if only one person can manipulate or influence the price, for sure it is an organization, but again, those whales (if true) are good guys as they don't manipulate the price, meaning they have so much bitcoin that they can influence the price but they aren't doing it. In contrast to altcoins, once you have a large portion of it, which we can easily obtain on presale, or if it is new, the price will drop when you begin selling your coins. 

Oh they do! Of course with time bitcoin holding becomes more and more decentralized and impact of whales manipulations becomes less and less, but they still do influence and get their benefits from that. I can remind you that even without big market activity Musk influenced the crypto mainly with his several statements. Combining both market games and media activity can give bigger effect. Do you really think that people who can do that, all don't use such an opportunity?

[klidex]

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.

Control over the market with immediate changes of the chosen parameters is not what we are mainly talking about whales influence. Moreover it has no sense for them in such control. Main idea is in organizing of a long trends: they provoke prolonging or changing of the trends in a chosen market and earn on how these trends go forward based on that. No need of controlling in each minute.

The pope will never be able to control and influence the price of Bitcoin.
In the amount of Bitcoin which is only 21 million tokens and is almost gone, Holders and those who keep it are many people not just a group of whales.
I'm sure if the whale holds some Bitcoin and sells it then someone will buy it back because Bitcoin is the most popular asset and is in a hurry to make it an investment asset.
Bitcoin itself is the only cryptocurrency whose price is not centralized by anything and anyone, so it's impossible for someone to set the price of Bitcoin.

[lionheart78]

It is not possible if only one person can manipulate or influence the price, for sure it is an organization, but again, those whales (if true) are good guys as they don't manipulate the price, meaning they have so much bitcoin that they can influence the price but they aren't doing it. In contrast to altcoins, once you have a large portion of it, which we can easily obtain on presale, or if it is new, the price will drop when you begin selling your coins.

It is possible if a person holds a significant amount of Bitcoin, he can have the potential to influence the price of Bitcoin.  Since they hold large amounts of Bitcoin, they can sell large amounts of Bitcoin which can cause a significant price of fluctuation.  The good thing is whales can act individually and may have different positions that sometimes contradict each other. 

Even though whales have the potential to influence the market it isn't accurate to say that they control the Bitcoin price because there are other factors that affect the Bitcoin price.

[Dickiy]

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?

I think it's impossible if there is one whale that accumulates 51% of bitcoin supply, if possible it consists of several whales, but the position here is that whales don't want to lose, they always want profits and always want to buy at low prices.
So from that dynamic, the whales will always compete with each other to influence prices in the market, such as making Fud or other propaganda that causes prices to fall so they can buy the lowest price in each trend.
I guess talking about price will not affect decentralization itself because it's basically not about the price of bitcoin but about its utility.

[Wakate]

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?

It is obvious that many of the crypto whales have more power to control the market since they have large percentage of holdings. This usually happens in the market where we do see sudden high volatility in the market and with a few time the market price starts depreciating with fats momentum. These whales have great control in the market to make the price goes up and down.

Even apart form Bitcoin and other big crypto projects, this in random altcoins where we do see pump and down market where the whales do use the opportunity to make great profits from the market while those with small holdings could definitely make loses.

[jokers10]

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Bitcoin itself is the only cryptocurrency whose price is not centralized by anything and anyone, so it's impossible for someone to set the price of Bitcoin.

Control can be of different kind: setting an exact price is a direct control but it gives not so much if you are trying to earn on that. Making others to support the trend you need is much better but you still need to be an owner of too big part of a market. Seeing the global trends and manipulating with them making others to slow down or speed up those trends in a market much bigger then your own assets can bring you much more and still be a kind of control.

And those ones who can do that and understand how to do that are real whales unlike you and me.

[glendall]

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, but until now I'm still thinking who will start buying bitcoin with a high value after a long time having a value far below the last highest price

[Marvell1]

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, but until now I'm still thinking who will start buying bitcoin with a high value after a long time having a value far below the last highest price

It is true that whales do not have full control over the price of bitcoin, but they are still somewhat controlled. The current bitcoin price is not determined by supply and demand. Bitcoin is an open market, so it is normal to be manipulated by big players. In the past 1 week, bitcoin price has increased by more than 15%, and there is no news related to bitcoin being bought more, causing the price to increase. The price increase happened very suddenly and it was no different from being manipulated.

[hZti]

The question would first be: What are the benefits for the whales to try to control bitcoin prices. There it will already get difficult, because currently prices are low. If you are a whale you hold a lot of bitcoin. Why would you benefit from low prices then?

[pawanjain]

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?

I think you are confusing two things.

One is a whale where a trader who holds a huge amount of coins trying to manipulate the price and benefits from price difference.

The other is 51% attack which is done by miners owning more than 51% mining power and tries to attack the blockchain.

[Stalker22]

If a group of large Bitcoin holders, referred to as "whales," were to own 51% of the total supply of Bitcoin, they would have significant influence over the price of Bitcoin, as they could potentially manipulate the market by selling large amounts of their holdings at once. However, they would not have control over the Bitcoin network itself as they would not have the majority of the mining power which is required to to double spend or reverse transactions, and potentially manipulate the integrity of the blockchain. Thus, decentralization would still exist as the network relies on multiple participants to validate transactions and confirm blocks.

[Osama Maaz]

I get it collectively whales own 51% of btc supply but its a collective figure and not everyone have same mindset some whale or institutes want to pump the price while some want a dump for buying cheaper ,
As a result if market goes up or down artificially then its obvious that a pullback is aspected if move is not by retail traders because if whale pull the market then it need profits and when some one buy whale take profit by selling ( But if pump/dump is manipulated) .

[Mr.right85]

The question would first be: What are the benefits for the whales to try to control bitcoin prices. There it will already get difficult, because currently prices are low. If you are a whale you hold a lot of bitcoin. Why would you benefit from low prices then?

I suppose we know that answer as to why gain control over the market which is nothing short of pump and dump. You flood the market with coins, selling at a high price thereby pushing price down and hope to have introduce a bias in the minds of other traders to sell to further dump the coin and so, you get to buy again from a low to earn profits on them when the market pumps.

The thing is, this things never truly happens.
When we talk about whales, we have to remember that it's just a term for individuals of organisations having a large amount of bitcoins. Hence, having one of them put all them holdings which is impossible as I don't think any one would have and has been holding a large amount of bitcoin would liquidate there asset that way. Even if they should, it would have almost no effect.
What could have brought about some effect in creating a price drop would have been in a collaboration by the whales but that too is very unlikely.

[Dr.Bitcoin_Strange]

The question would first be: What are the benefits for the whales to try to control bitcoin prices. There it will already get difficult, because currently prices are low. If you are a whale you hold a lot of bitcoin. Why would you benefit from low prices then?

Whale may not be one person, so trying to control the market means causing a flurry so that the Bitcoin price could dip more as they accumulate more. If a whale holds a lot of bitcoin at the current market state, they can as well cause a fud so that there will be more dips, which can give them the opportunity to buy more, which will be to their benefit. And let's say a news report is released stating that an unknown wallet bought 8 million bitcoins. It's possible that this may cause the price to spike, and they (whales) can sell at the price they choose, but perhaps if another news report stated that an unknown wallet sold 10 million bitcoins, that could also slow down the market. 

IMO, Whale can act in any market situation and take advantage. When the market spikes, they can sell off some holdings. In the current market, they can also cause the price to dip more while they buy more. 

One thing I am glad of is that the market has other factors that influence the price; whales don't have any superpower to just wake up any time they like and spike the market as they like, nor can they just cause it to dip any time they please.

[Yamifoud]

If a group of large Bitcoin holders, referred to as "whales," were to own 51% of the total supply of Bitcoin, they would have significant influence over the price of Bitcoin, as they could potentially manipulate the market by selling large amounts of their holdings at once. However, they would not have control over the Bitcoin network itself as they would not have the majority of the mining power which is required to to double spend or reverse transactions, and potentially manipulate the integrity of the blockchain. Thus, decentralization would still exist as the network relies on multiple participants to validate transactions and confirm blocks.

It can't deny their huge influence in the market due to the huge amount of their control but never be enough to say that whales are having full control of the market. I still believe that Bitcoin is decentralized and whale's participation gives some interesting look at the market which also helps to move prices up and down. Whether we like it or not, manipulation really happens but we never make this as an excuse not to trust Bitcoin and we have to stop thinking that it was already controlled by a group of people (whales).

[Stalker22]

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Whether we like it or not, manipulation really happens but we never make this as an excuse not to trust Bitcoin and we have to stop thinking that it was already controlled by a group of people (whales).

I agree, manipulation in all financial markets, including the cryptocurrency market, is an unfortunate reality. But don't let it cloud your judgement, Bitcoin and other cryptocurrencies are like the wild child of finance, they have the potential to change the game and shake things up. And that's something worth getting excited about.

[8rch7]

In my personal opinion, Ng is someone who can control the price of bitcoin, because at the beginning the crypto currency was worthless but as time went on there was a lot of demand by itself the price of crypto went up, you could say that pricing in any market is always 100% caused by the law of supply and demand , changes in supply and demand are driven by various narratives such as bullish/bearish news, such as Elon Musk's tweet last year, because one tweet can affect the price of bitcoin.