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.
Topic: Are the Whales Control bitcoin price? - page 3. (Read 1670 times)
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.
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. 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 
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.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.
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. 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.
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.
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 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.
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.
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.
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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.
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). hero member
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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.
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.
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) .
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.
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.
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 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
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.
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