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
Topic: Are the Whales Control bitcoin price? - page 4. (Read 1621 times)
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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.
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.
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.
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.
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.
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.
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.
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?
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.
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.
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.
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.
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.
Certainly true and that it is possible for whale to manipulate the market but not completely. The fact is that they can also lose lot of money in this very volatile market, so they can only afford it to limited extent. Even anyone but the whale can move the market, but at certain limits and at certain times.Apart from that, the market can also move with other developments and issues in the industry, such as FUD and other negative news. So not only can whales change market trend, but many other things can also play a role.
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?
Decentralization does not mean that a person cannot hold majority of the bitcoins. The difference here is that the bitcoins are limited in number and they supply can't be increased. So in that case if you want to buy bitcoin you need to pay a highlight price and acquire bitcoins.
If there is demand in bitcoin people have to buy it from the market and this is difference from the fiat money where the powerful people can just print the fiat money, which make rich people more rich and poor people more poor.
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?
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. 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.
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?
No. No one controls the cryptocurrency prices because even Satoshi I guess is never aware of it. Big whales may have the best advantage when it comes in accumulating a lot of coins but they can never hold the crypto prices nor control it. That is why if they have seen golden opportunities to enter the market, they will always find ways to maximize their purchases more than any other regular investors can do. 
but if the whales owned 51% of bitcoin, can do it?
A "whale" can move the markets to a certain extent, but it doesn't give them overall control over the markets. Take note that even "whales" that attempt to manipulate markets can also lose money.
Also, no "whale" owns 51% of the total supply. Most of the wallets with huge bitcoin holdings(though definitely nothing close to 51%) are exchange cold wallets.
if happen, does decentralization not exist?
Bitcoin is proof of work, not proof of stake. So even if a single person held a huge chunk of Bitcoin, that wouldn't give him special powers over the protocol.
https://www.investopedia.com/terms/p/proof-stake-pos.asp
Of course they can do it, but they need to move collectively and it will also be important how the fish are positioned.
Whales are the largest mammals in the world and also the most powerful investors in this crypto market and have been around long before bitcoin or crypto existed, and whales play on people's emotions and use the opposite of what most people do and think.
when people are scared, they buy because most people are selling. And conversely when there is greed they sell because most people buy and a lot of people and small investors hate this but this is a part of this industry that is not going away.
Bitcoin price is determined by many factors, and whales alone still cannot control Bitcoin. When whales in the market move funds, it will cause panic to some investors. Whales will use people's emotions to change the direction of the market, and the market will fluctuate.when people are scared, they buy because most people are selling. And conversely when there is greed they sell because most people buy and a lot of people and small investors hate this but this is a part of this industry that is not going away.
Bitcoin is less manipulative over the years-- that ought to be noted. Whales do affect the price, but they're less effective over the years, unless there's a big incident happening. For example, a month ago, when FTX bankrupted, there were even whales panicking. And it dropped the price how much? 10-15%?
A few years ago, if a whale sold a billion dollars worth of bitcoin, things would have gone a lot worse. Just see what had happened with MtGox.
A few years ago, if a whale sold a billion dollars worth of bitcoin, things would have gone a lot worse. Just see what had happened with MtGox.
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?
They do have some sort of governance over bitcoin's price. In the past whales have pumped and dumped bitcoin's price a few times. However, it must be said that the general power still lies in the collective, as without us who supports bitcoin through ups and downs, no amount of price injection will ever pump bitcoin's price for a stable amount of time. Moreover, bitcoin's abilities are best exhibited when more people use it. So don't fear about the whales having total control over bitcoin, we still outnumber them. Jump to: