Topic: Are the Whales Control bitcoin price? - page 2. (Read 1621 times)
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.
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.
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.
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.
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.
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.
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.
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
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. 
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.
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.
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.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.
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. legendary
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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.
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.
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. 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.
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.
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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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).
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
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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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).
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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