Are the Whales Control bitcoin price?

[bangjoe]

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?

As many people have said whales will not be able to regulate the bitcoin network because it is absolutely decentralized, if in terms of price it is possible for them to be able to manipulate the market with FUD or selling and buying which is quite large in value, but so far the whales are not only one there are thousands whales who are competing to buy the lowest price of bitcoin and maybe they will also be in a dilemma considering the global situation, this situation can benefit the whales but can also harm them too because basically their influence can be said to be small in the market, unless the whales cooperate, but that impossible.

[Negotiation]

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.

Whales usually try to put a bad situation in the market by doing this, investors are afraid and stop investing but bitcoin cannot be controlled by anyone, it is decentralized. Bitcoin is on the rise that is the demand for it is increasing currently, although the central banks of the world have not accepted cryptocurrency yet it is thought that they will accept it very soon.

[zaki12]

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?

If you think that whales only have one person to control prices, it seems impossible, let alone having 51%. Because if only 1 whale does this, the price is guaranteed to have no effect. Pump and dump involves many parties, only then can it be carried out.

Maybe you mean a group of whales. if so maybe several whales work together, using a communication medium such as a group, to do a pump and dump. The whales will pump and dump at a predetermined time, which has previously been announced in their group. All whales in the group follow the instructions from the whales to do instant buys simultaneously so they can increase prices quickly. After the target is reached, they will immediately sell to dump the price. This is just my opinion only

[jokers10]

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.

Control can be not only direct, but indirect only: you don't need to affect a market with one big sale or buy, you need to provoke a wave of deals in a way you are interested in. So you can make multiple small deals, use media and viral marketing and other tools you can to achieve your main goal: to get profit from a trend you are interested at the moment. Yes, it is not so easy, but who would like to play on a market where one player can directly control everything? No one, so that only player will not get profit as well.

[lizarder]

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 know that bitcoin is decentralized, but it also says whales control the price. Then what is meant by decentralization?
Decentralization will never get lost in the journey of bitcoin, because it is its nature and function. Whales or a group of them may be able to move the market, but not have complete control to make bitcoin go up.

Simply put, the whales also don't necessarily own 51% of bitcoin in my opinion, nor is there any guarantee that bitcoins are currently held on exchanges, especially after the FTX case left many people feeling apprehensive about holding bitcoins on centralized exchanges.

[klidex]

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 know that bitcoin is decentralized, but it also says whales control the price. Then what is meant by decentralization?
Decentralization will never get lost in the journey of bitcoin, because it is its nature and function. Whales or a group of them may be able to move the market, but not have complete control to make bitcoin go up.

Simply put, the whales also don't necessarily own 51% of bitcoin in my opinion, nor is there any guarantee that bitcoins are currently held on exchanges, especially after the FTX case left many people feeling apprehensive about holding bitcoins on centralized exchanges.

Of course whales will not be able to control Bitcoins even though they have lots of Bitcoins, but it should be impossible for whales to hold lots of bitcoins up to 50% of the total in circulation because actually the one who really keeps the most Bitcoins is Satoshi himself who is the creator of Bitcoin.
What's more, Bitcoin is not a crypto asset that is centered on anything and in the Crypto industry, investors who store Bitcoin consist of many people spread all over the world, so it is impossible for Bitcoin to be influenced or controlled by a group of whales.
We should have been able to think that if bitcoin could be controlled, it wouldn't have been controlled and played with long ago, but in reality no one has been able to control it.

[samcoin]

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.

It's decentralized as a network. Unfortunately, in terms of owners and price movers it's becoming more centralized.
As Bitcoin managed to prove its worthiness as a commodity, big investment companies and banks are trying hard to control it and throw the majority of small investors out of the market. Therefore we are watching a lot of FUD and manipulations lately. It won't be easy for the crowd to keep on their share of the market, if the real plan for Bitcoin is to be a global asset.

[DoublerHunter]

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?

^ That needs a lot of financial support if you wanted to hold 51% of BTC, I dont think there is a whale will risk at that high amount, whales can move a certain price but that is not a lot, it could be a huge loss into their pocket too if they will do this. There is no one controlling the price even how rich you are, it depends on how the adoption will grow. Decentralization still does exist as long as the BTC network is still there that publicly seen transactions, remember the purpose of BTC and why it was created.
However, besides worrying about this I think you need more research and study about BTC.

[shinratensei_]

I think if it's big coins like bitcoin and ethereum some random whales couldn't really do anything in regard of the value of the coin, I think it still largely depends in the market trend, but if it's some smaller altcoins the whales might have controls over it, you've seen various meme coins that's being manipulated, I guess that's the scale of their ability in controlling coins, manipulating bitcoin and ethereum would definitely take tremendous money from them and that also doesn't guarantee that they gonna make returns from this attempt of investments manipulation.

[uneng]

I think if it's big coins like bitcoin and ethereum some random whales couldn't really do anything in regard of the value of the coin, I think it still largely depends in the market trend, but if it's some smaller altcoins the whales might have controls over it, you've seen various meme coins that's being manipulated, I guess that's the scale of their ability in controlling coins, manipulating bitcoin and ethereum would definitely take tremendous money from them and that also doesn't guarantee that they gonna make returns from this attempt of investments manipulation.

Bitcoin is also susceptible in some scale to whales' manipulation. Not too much like it happens regards altcoins, but there is also manipulation in Bitcoin market, anyway. The good news is that each time a whale attempts to manipulate the market, he is going to drop tons of coins for sale, which are bought by small investors, so on long run we are going to have more investors involved in Bitcoin investment, while the coins will be split among more hands, decreasing the power and influence whales have on this market.

[DanWalker]

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.

It is true that no one can control the bitcoin network as it is scattered all over the world, so manipulating it is almost impossible, but considering the bitcoin price, they are more than capable of doing it. Crypto is still just a manipulative market where bump and dump games are constantly happening. The market cap is just $1 trillion, too small to be easily manipulated, and it's so free that the sharks of the financial markets won't ignore it for profit.

[kapalmabur]

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.

It is true that no one can control the bitcoin network as it is scattered all over the world, so manipulating it is almost impossible, but considering the bitcoin price, they are more than capable of doing it. Crypto is still just a manipulative market where bump and dump games are constantly happening. The market cap is just $1 trillion, too small to be easily manipulated, and it's so free that the sharks of the financial markets won't ignore it for profit.

Such is the fact that the crypto market is still manipulative and it is common knowledge,
as long as there is an opportunity they pope will use it to manipulate the market,
the most important thing is that we are always careful and keep abreast of market developments.

[Peanutswar]

Not a single whale can manipulate the market price most of the time those are the large investors sometimes as a team so they can dump immediately the price, and those percentage is just a single whale its all about the other investors too and the current economic status why do the people withdraw their funds or just transfer and convert into other coins, but if you are a small trader and getting into this wave of the crypto market better to know when the time to exit.

[lizarder]

Of course whales will not be able to control Bitcoins even though they have lots of Bitcoins, but it should be impossible for whales to hold lots of bitcoins up to 50% of the total in circulation because actually the one who really keeps the most Bitcoins is Satoshi himself who is the creator of Bitcoin.
What's more, Bitcoin is not a crypto asset that is centered on anything and in the Crypto industry, investors who store Bitcoin consist of many people spread all over the world, so it is impossible for Bitcoin to be influenced or controlled by a group of whales.
We should have been able to think that if bitcoin could be controlled, it wouldn't have been controlled and played with long ago, but in reality no one has been able to control it.

And it's also still pretty anonymous how many Bitcoins Satoshi Nakamoto owns, because as of now no one has been able to prove the number of holdings, I believe the Pope can play his part in the market, but not control the price as they see fit. If not, many companies holding Bitcoin are currently able to control the price of Bitcoin, another reason that strengthens Bitcoin cannot be controlled has been proven by governments trying to make Regulations, but their wishes failed and were unable to limit bitcoin.

Because the decentralized nature of Bitcoin makes many people unable to control its price, Bitcoin is influenced to rise or be corrected for a number of strong reasons and maybe a simpler one is called a supply and demand relationship, some others may also have a relationship that influences it even though it is not clear or definite.

[Mr. Magkaisa]

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?

   - The whales can give a strong movement to the value of bitcoin in the market, they cannot control it at the price they want, and it will only have a big impact.

But to your question, if anyone own 51% bitcoin? can it be done? Do you know how many bitcoins 51% is? the answer is around 10, 710, 000 BTC, and if I calculate that with its current value it is around 223B$ almost. And when you use google search you won't find any bitcoin holders who have that many bitcoins.

[Cantsay]

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. 

[Mr.right85]

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. 

I think collectively, there are more accumulated Sats in bitcoins of individual holdings than there are by any single whale. Given this, it is extremely difficult to have control of what you don't have the majority and for each you sell, you lose your strength or influence over the market. After all, you hope to hold in other to have more profits from your holding. This means, no whale would effectively sell there coins.
Mind you, trabsfering your coins from a wallet to an exchange be it a whale or an individual with some hodlings doesn't mean your selling them. You just might as well be providing liquidity which is effective based on how the news is passed and received by investors.

Demand and Supply with respect to scarcity controls the market still.

[ningrum]

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 is still decentralized, it's just that the supply of Bitcoin has actually been bought by several big companies like maybe Tesla and Microstrategy who are buying up Bitcoin,
we can also see through explorer how the supply of bitcoin moves, and who holds Bitcoin, this is why Decentralization will always run in Bitcoin,
whales can indeed be in control, but to destroy bitcoin of course they can never, so don't worry.

[blockman]

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.

[jokers10]

...
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.