QueenVera
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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.
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Hamza2424
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January 16, 2023, 03:39:17 PM |
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whales play an important role in the complete cycle of bitcoin but if you say that they control the bitcoin market value then bro I will look into this statement. Yes, they do manipulate the bitcoin market value on some instants of the cycle but they don't control the whole market situation. Sometimes they do it intentionally.
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ShowOff
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January 16, 2023, 03:49:44 PM |
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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. I also agree that price manipulation is very possible in this relatively market. It usually doesn't take hundreds millions of dollars to change a market's trend to bullish or bearish, as a result these markets can always be manipulated by whales or anyone with enough budget. But as a consequence, they will also lose money from it instead of expecting only profits. FUD is also a game, in fact deliberately made and spread in various media so that panic occurs everywhere. In the end each of us must remain wise about the market, risky but certainly worth the return.
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ajiz138
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January 16, 2023, 06:25:46 PM |
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I also agree that price manipulation is very possible in this relatively market. It usually doesn't take hundreds millions of dollars to change a market's trend to bullish or bearish, as a result these markets can always be manipulated by whales or anyone with enough budget. But as a consequence, they will also lose money from it instead of expecting only profits.
I hear a lot about crypto market manipulation and it's probably very relative because we know everytime we see whales making deposits or withdrawals (notifications from telegram channel) it's always assumed they are making market moves instead maybe whales want to be bearish and buy at the price low, but in fact, we don't know for sure. What is clear is that we always hook whales in the market, so it was his doing, but the real thing is that we don't know who did it, but what is clear is that there was manipulation. FUD is also a game, in fact deliberately made and spread in various media so that panic occurs everywhere. In the end each of us must remain wise about the market, risky but certainly worth the return.
FUD is a game of big people who can say whales too, so what raises it is the mass media that we see on several social media of course this often creates panic which in the end there are those who sell their assets because of the FUD panic that is created, they feel weak because there is no can survive in this situation while the risk is itself, about that value it will definitely return to bitcoin in the high place.
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SquallLeonhart
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January 16, 2023, 08:56:02 PM |
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I also agree that price manipulation is very possible in this relatively market. It usually doesn't take hundreds millions of dollars to change a market's trend to bullish or bearish, as a result these markets can always be manipulated by whales or anyone with enough budget. But as a consequence, they will also lose money from it instead of expecting only profits.
I hear a lot about crypto market manipulation and it's probably very relative because we know everytime we see whales making deposits or withdrawals (notifications from telegram channel) it's always assumed they are making market moves instead maybe whales want to be bearish and buy at the price low, but in fact, we don't know for sure. What is clear is that we always hook whales in the market, so it was his doing, but the real thing is that we don't know who did it, but what is clear is that there was manipulation. I think whales do a lot less than what people assume they do. Too many people assume that whales do something when the market moves, and yes I am sure there are times when the market moves because of whales making moves, but I think it is much more common for everyone to make a move and then end up with something like this, then actually whales doing it. This is why it's definitely something a bit more risky and dangerous to keep blaming whales on these type of things because in the end it may not be something like that at all, and you would be looking at the wrong place for the move to come from. I suggest looking at other places instead as well, that would be a lot better.
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Newlifebtc
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January 16, 2023, 09:02:59 PM |
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The price of Bitcoin is so high now that whales cannot control the price of Bitcoin. But they can cause price volatility through large volumes of transactions. Bitcoin is decentralized and no one can control the btc market.
I think that's the price of bitcoin that is high now or getting so high increment is for little correction of the market and the price after having a potential value it will still go down So whoever that investing or buying bitcoin should have it a man that it was calmed down a game before it arrived to normalize the market that is my own opinion,because bitcoin is a decentralized currency which nobody can as well believe on it
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Lida93
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January 16, 2023, 09:35:23 PM |
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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's no such thing as bitcoin being controlled by any individual or group of individuals called whales, it might seem they have a good amount of ownership of bitcoin but that doesn't give them a chance to alter the decentralization that exist within BTC. They might influence news and speculations about the coin to trigger some actions amongst the small boys in the market (it's all market psychology strategy) but that doesn't in anyway make them have control to market price outcome.
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Popkon6
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January 16, 2023, 10:45:13 PM |
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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?
In a Bitcoin market whales do not hold 51% of the market. In certain places, whales are ready to take the market pace, but the owner himself will open many of them. But if he had taken over the market by 51%, the Bitcoin market would have gone to ruin before it is here today. Bitcoin is not controlled by anyone. Many say Bitcoin is controlled by whales including the OP but they are just a scam but the Bitcoin market is controlled in its own way and depends on investors and trading and investors. Many people help keep Bitcoin moving with information, but they aren't actually whales.
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n0ne
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January 16, 2023, 11:05:12 PM |
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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's no such thing as bitcoin being controlled by any individual or group of individuals called whales, it might seem they have a good amount of ownership of bitcoin but that doesn't give them a chance to alter the decentralization that exist within BTC. They might influence news and speculations about the coin to trigger some actions amongst the small boys in the market (it's all market psychology strategy) but that doesn't in anyway make them have control to market price outcome. In the past whales used to play a big role in the price manipulation. The big bag holders try to increase the holdings out of the small holders through panic news spreading. When there is very small number of users available in the market, this has been possible and now things weren't the same as past. Now influencers and other whales into the market try to have control over the market. This is possible to some extent and further it is the common users and the technology that derives the value. Whales are part of the market who have the ability to make some disturbance in the market than controlling.
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TribalBob
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January 16, 2023, 11:20:49 PM |
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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. I think price manipulation and whales are mutually reinforcing to create high value for bitcoin, plus panic news makes small amount of btc owners sell, but ...... I dunno it's too complicated to actually trace because of the unpredictable state of dicrypto it's too anonymous
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Fatunad
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January 16, 2023, 11:58:30 PM |
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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. I think price manipulation and whales are mutually reinforcing to create high value for bitcoin, plus panic news makes small amount of btc owners sell, but ...... I dunno it's too complicated to actually trace because of the unpredictable state of dicrypto it's too anonymous We do know on how whales do move but there's no way on how to point it out because sudden spikes and pumps are always unacknowledgeable or something that we cant notice until we've seen it already happened. This is what makes things even more harder to predict and speculate no matter how good your TA's of FA's into your analysis and this is what makes it very challenging. No doubt that they do really have that control when it comes to BItcoins price but of course there's still that influence in overall market or community demand and attached up some emotions into their buying and selling decisions.
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KFC786
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January 17, 2023, 02:15:33 AM |
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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 a re a lot of reasons behind Bitcoin pump and also dump and some of these are described as below, 1. Bitcoin Large institutions also control a lot of Bitcoin fluctuations. 2. Crypto media and influencers play important role in this. 3. Crypto exchanges and also other such things also have big roles too.
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wastagnn
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January 18, 2023, 05:40:11 AM |
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Bitcoin is not controlled by anyone, nor can whales control the market price. But whales play a big role in price manipulation. They try to create a panic message spread through a large number of trades to trigger certain actions in the market.
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borovichok
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January 18, 2023, 06:29:20 AM |
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whales play an important role in the complete cycle of bitcoin but if you say that they control the bitcoin market value then bro I will look into this statement. Yes, they do manipulate the bitcoin market value on some instants of the cycle but they don't control the whole market situation. Sometimes they do it intentionally.
Whales are the top earners of the market with getting full control and manipulate the market into their favour with ease and no competition from anywhere. There are numerous examples of whales in the market like Elon Musk who's fun about bagging hugh pieces of a coin and that controls the high rise and low rise of the project. Most people follow the trend news Elon musk dropped about projects in the space and thinking he cook that all up, but sometimes its entrapped investors in the space with major risks to liquidation. Bitcoin is a good projects and it can not be control by one person because many top companies and people have pieces of coin similar to shares, one getting full control can manipulate or glitch bitcoin which will trick most investors to selling what they already possessed.
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8rch7
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January 18, 2023, 07:38:05 AM |
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whales play an important role in the complete cycle of bitcoin but if you say that they control the bitcoin market value then bro I will look into this statement. Yes, they do manipulate the bitcoin market value on some instants of the cycle but they don't control the whole market situation. Sometimes they do it intentionally.
In my personal opinion, the price of bitcoin is determined by the most motivated buyers and sellers, because someone who has a lot of money or bitcoins can certainly make market movements, but it must be underlined that they can never control bitcoin, the whales also cannot hack the network. bitcoin let alone destroy bitcoin, because to destroy bitcoin the internet must also be destroyed and all hard drives that store bitcoin must also be destroyed, it is certain that a scenario like this is almost impossible to do.
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GigaBit
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January 18, 2023, 01:11:48 PM |
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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.
A large portion of the global BTC holdings are usually controlled by large investors. Some big investors try to get the market to move in their favor and when the market moves positively in their favor we call it the blue whale effect. Controlling such a large market is not an easy. Blue whales usually try to profit by doing the opposite of what ordinary investors think. When there is panic in the market, ordinary investors sell their assets, blue whales take advantage of the opportunity to buy, and when the market tries to go higher, blue whales sell assets and take profits. Hence, general investors have to manage buying, selling and holding by implementing this process. There are a lot of investors around the world, so there are a lot of blue whales. Since they can't stay together, they also have a big investment risk.
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TheUltraElite
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January 21, 2023, 05:28:04 AM |
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Bitcoin is not controlled by anyone, nor can whales control the market price. But whales play a big role in price manipulation. They try to create a panic message spread through a large number of trades to trigger certain actions in the market.
Both Whales and the weak hands keep the market liquid, added to it the influencers who shill coins help in pump and dump. A lot of factors are in play here and our goal is to get the best possible price for a coin and move with that. It is incorrect to say that a specific money hoarding group is making the market move or calling the shots, rather an interplay. Panic is created by the people who have bought at high prices and now finding that they are in loss and thus they panic sell. It is a wrong move to buy at the top, but you can still recover it or break even if you are patient enough. However the weak hands catch this and they easily panic causing the whales to accumulate more - to counter this, one needs to think like the whale, go opposite of what the weak hands are doing.
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LDL
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January 21, 2023, 05:59:51 AM |
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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?
Bitcoin is completely decentralized, one or more individuals, institutions, and groups do not control Bitcoin. Bitcoin whales are organizations, individuals, and groups that hold 1000 or 1000+ bitcoins. Yes it may be somewhat true that bitcoin whales may temporarily have some effect on the bitcoin market. For example, if Michael Sheller sells all his bitcoins in the market at once, the bitcoin market will be affected to some extent. Bitcoin whales will not completely destroy the Bitcoin market.
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Fullcoinese
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January 21, 2023, 06:17:37 AM |
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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?
Bitcoin is completely decentralized, one or more individuals, institutions, and groups do not control Bitcoin. Bitcoin whales are organizations, individuals, and groups that hold 1000 or 1000+ bitcoins. Yes it may be somewhat true that bitcoin whales may temporarily have some effect on the bitcoin market. For example, if Michael Sheller sells all his bitcoins in the market at once, the bitcoin market will be affected to some extent. Bitcoin whales will not completely destroy the Bitcoin market. yes, maybe what is done in the sale of bitcoins in large enough quantities will cause a price decrease. but not with dump conditions which will have a long impact. as long as market demand is still strong enough, lower prices will also be offset by large volume purchases. and that helped the price to recover quickly. what the whales do doesn't control Bitcoin. it is they who usually use market-related news as an opportunity to gain support for profit.
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worle1bm
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January 21, 2023, 06:52:45 AM |
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Bitcoin is completely decentralized, one or more individuals, institutions, and groups do not control Bitcoin. Bitcoin whales are organizations, individuals, and groups that hold 1000 or 1000+ bitcoins. Yes it may be somewhat true that bitcoin whales may temporarily have some effect on the bitcoin market. For example, if Michael Sheller sells all his bitcoins in the market at once, the bitcoin market will be affected to some extent. Bitcoin whales will not completely destroy the Bitcoin market.
The correct name is Michael Saylor and at current his company MicroStrategy holds more then 120k bitcoins and he buys at dips but even if he sell the effect would be temporary dump on the prices but in long run it will rise.The whales cannot directly have the manipulation so they also try to create FUD so that there is panic in the market which results in weak hands selling to strong one's at discounted rates.But nobody can control the bitcoin network which is true decentralisation nature of it.
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