Are the Whales Control bitcoin price? - page 5.

Maidak

legendary

Activity: 1890

Merit: 1058

Vave.com - Crypto Casino

Quote from: Riodarvg on December 16, 2022, 02:08:59 AM

Quote from: bitzizzix on December 14, 2022, 03:46:55 AM

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.

It is true that the bitcoin price is determined by many factors but I still believe that whales are still manipulating the bitcoin price. For me, the crypto market is so new and so small that manipulation is inevitable. With a market cap of less than $1 trillion and the absence of any regulation, price manipulation with sharks is incredibly easy. Of course, here there is not only one shark but there will be many and in the market, the story of big fish eating small fish always happens.

Haunebu

hero member

Activity: 3178

Merit: 977

www.Crypto.Games: Multiple coins, multiple games

Whales can influence the BTC price whenever they want since it's a financial currency just like USD, EUR etc, but they can never fully control it. BTC creators weren't dumb enough to allow something like that to happen.

BTC has, will and shall always be decentralised to some extent despite all the rising regulations against it over time op.

Hypnosis00

sr. member

Activity: 2436

Merit: 343

Quote from: Not your key not your BTC on December 09, 2022, 04:15:30 AM

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?

Whales may have huge investments in crypto but this is not enough to move Bitcoin to where they wanted to go because I believe the term " Decentralized" and Bitcoin does which is difficult for them to do it. They actually can change the market view with the help of social media, they can somehow manipulate and fake trade volume - buying, selling, and moving their money to the other account just to show that there is a huge event on that particular exchange.

They can't do it in Bitcoin but for altcoins, that seems easy for them.

justdimin

hero member

Activity: 3164

Merit: 675

www.Crypto.Games: Multiple coins, multiple games

Quote from: Not your key not your BTC on December 09, 2022, 04:15:30 AM

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?

Both yes and no from me too. I think whales do not have the money you guys think that they do, news do change it, so whales can actually change it but basically by saying stuff and there is a difference to it. Imagine a market where billions and billions of dollars exchange hands everyday, I mean look at the crypto market and trading volume, when you see that do you really think that anyone has enough money to change anything in there? I think there is obviously nobody on earth that can.

You can buy 5 billion dollars worth of bitcoin OTC and not even move it a dime, but if you SAY you will buy 5 billion worth of it, it will move like crazy.

Natalim

hero member

Activity: 3094

Merit: 606

BTC to the MOON in 2019

Quote from: bitzizzix on December 14, 2022, 03:46:55 AM

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.

Whales are just doing their side what is good for them and so are these sellers. Perhaps, we can never expect that everyone is meant to hold but some will just sell and whales are taking the opportunity to buy their coins. We know that manipulation exists in the market but actually, not only whales are benefiting from this but also small investors and holders got shares from it. I'd never think they are greedy, they only just did what is good for them.

Fara Chan

hero member

Activity: 1302

Merit: 516

Bitcoin Casino Est. 2013

Quote from: kzkazu on December 14, 2022, 03:03:18 AM

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.

We also have to know that PAUS are not only personal but can be companies and associations, so they have the quality to influence the market, the financial strength they have can maximize investment until the market fluctuates.

The habit of manipulation occurs due to buying actions carried out by PAUS when market conditions are down, so that they enter a period of heavy buying, people think this is a long rally that can pump up the market at a certain stage, but this is their scenario in collecting maximum profits and releasing during pumping conditions occur. Mastering market manipulation is often called trying to play a strategy, so PAUS can take two parts in the process of correction and pumping.

Riodarvg

newbie

Activity: 37

Merit: 0

Quote from: bitzizzix on December 14, 2022, 03:46:55 AM

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.

bitzizzix

sr. member

Activity: 2366

Merit: 448

Enjoy 500% bonus + 70 FS

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.

kzkazu

newbie

Activity: 24

Merit: 0

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.

stomachgrowls

hero member

Activity: 3010

Merit: 794

Quote from: Maeve@ on December 13, 2022, 02:18:20 AM

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?

Hate to say but this is how market works on which there's always those people who do sit on the top which does have or acquired lots of money and coins for them to move out the market as they like.

Take a look into those traditional markets on which those big corporations,companies,institutions would really be always having the advantage since they could move the price on the way they wanted
but of course on non obvious ways since we do have certain laws in regarding to this which they wont really be letting themselves caught but this is for centralized markets
but for crypto? there's no way we could really be able to point out those fingers.

qwertyup23

hero member

Activity: 2268

Merit: 789

Quote from: Not your key not your BTC on December 09, 2022, 04:15:30 AM

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?

Given the amount of BTC in circulation and the ones left to be mined, the whales can definitely shift the price of BTC in the market. But remember that the impact that they can do is not as huge as you think compared to stocks. While whales may have majority of the BTCs in circulation, their overall effect is relatively small due to the remaining BTCs left to be mined out.

I guess if a whale has majority of the BTCs after every BTC has been mined out by the year 2078, then a whale can control and manipulate the price. But as per controlling the market, I doubt that they have much BTCs to the point that they can perfectly and absolutely control the market at their will.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: TungTresa on December 12, 2022, 01:27:39 AM

I'll say a baseless but true feeling that I think someone or an institution is controlling the bitcoin price.

The math here goes against that statement and you are free to believe what you feel is true, but if you can't back your belief with evidence you should be skeptical about it in the first place.

Thinking that some big thing is behind your loss is a common delusion that people have but the truth is that Bitcoin is decentralised and no one address controls to anything here.

If you dwell in trading for too long without the proper mindset these thoughts come in more commonly so keep a watch on your state while you trade.

Maeve@

jr. member

Activity: 40

Merit: 1

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?

|MINER|

sr. member

Activity: 1274

Merit: 457

Vave.com - Crypto Casino

Quote from: coinerer on December 12, 2022, 09:47:03 AM

Big whale investors can change the direction of the market but only temporarily. But they do not control the entire market. For example, when a whale investor invests a large amount in a coin, the price of that coin will immediately rise, and similarly, when the whale investor sells all the coins they hold together, it is normal to dump the price of that coin. That's what happens

Wel said, I think no one can touch the decentralized system of Bitcoin. But no one can control it's system but it's price can be controlled temporarily by investing as you said. If we look back to 2021 we will able to see that the market has been influenced several times, Many times they invest through signals to create this influence in the market, and after that they take their profit and loss were bearing by general people's. I think these signal of those big whales is also a kind of trap. Because even if they influence the market temporarily, and sometimes a good amount of loss is done during this temporary period.

coinerer

hero member

Activity: 1470

Merit: 608

Vave.com - Crypto Casino

Big whale investors can change the direction of the market but only temporarily. But they do not control the entire market. For example, when a whale investor invests a large amount in a coin, the price of that coin will immediately rise, and similarly, when the whale investor sells all the coins they hold together, it is normal to dump the price of that coin. That's what happens

Artemis3

legendary

Activity: 2030

Merit: 1569

CLEAN non GPL infringing code made in Rust lang

To begin with how many bitcoins are in the market at any given time? Under 10%. Good luck burning your fortune to manipulate that. After you go bankrupt the other 90% may make their move, or not, since most people are holders for a good reason. Remember when a whale CEO threatened to destroy bitcoin just because his company was incapable to prevent a theft? He would have destroyed that company, not able to destroy Bitcoin, and not recover what was stolen. It took another whale to stop him...

Bitcoin has become world's money, it cannot be understood by the mindset of a country or even a group of countries, its for the entire world.

xSkylarx

hero member

Activity: 2366

Merit: 594

Quote from: Not your key not your BTC on December 09, 2022, 04:15:30 AM

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?

First, there are no whales owning 51% of bitcoin, so you shouldn't be scared. Second, they cant still control bitcoin since it is already decentralized. No one can touch it, only its price. That massive holding can influence the price or the market, but to days date, no one owns it. Also, if there is one, that's only Satoshi. Also, if you are now thinking that those giant whales are talking to each other to control the price, it isn't impossible, but they are not doing it since they are not in that mindset.

Oasisman

hero member

Activity: 2716

Merit: 552

Quote from: Not your key not your BTC on December 09, 2022, 04:15:30 AM

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?

Obviously, nobody owns 50% of Bitcoin in the current circulation. I know you're referring to all the whales in general, owning about half of Bitcoin current supply. The question is, are they all have the same mindset? Do they trust each other? It is for sure, some of them will take advantage of the face that they can potentially move the market whichever direction they want it. So, we don't have to worry about whales trying to manipulate the market, because obviously none of them can, as they are also trying to make money out of the other whales and retail investors. Just hold you BTC down, wait for the right time to sell as your target, and just watch how the whales play with some huge amount of money involved in crypto market.

tjtonmoy

sr. member

Activity: 1008

Merit: 366

Quote from: franky1 on December 11, 2022, 11:25:57 AM

lets use DCG as a example that has fingers in many exchanges
https://dcg.co/portfolio/
coinbase says (sept 30th 2022) ~2m coins
so thats 11% of circulation of coins in just 1 exchange

I am not disagreeing on this fact that this will happen someday. As I mentioned, Different people will have different thoughts on this.
Single exchanges can have millions of cryptos in their hand, but they are owned by multiple persons. As far as I know, a well-developed and established platform would try to do such a thing.
They again, Not your key, not your coin.
So there will always be a chance of that happening. But the possibilities are thin. That's just what I was trying to say.

Llhxsdr

newbie

Activity: 21

Merit: 0

They can buy in large quantities to cause price fluctuations, but the value of Bitcoin in the market is uncontrollable. They may affect the market but cannot control the market.

Topic: Are the Whales Control bitcoin price? - page 5. (Read 1670 times)