Topic: Are the Whales Control bitcoin price? - page 6. (Read 1670 times)
Whales may want to control prices, but it won't be easy. I feel that if it is manipulated, then the point of decentralization is gone. When it is no longer decentralized, some people who entered the market for Bitcoin will be disappointed and exit the market.
If whales put all their money in bitcoin or took it all out it might drive the price of bitcoin, but they certainly won't do it. Otherwise, many people will stare at them. He didn't dare to make too many moves.
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?
Don't think the whales like they are the Gods when it comes to investing where they can do what they want to do because they have all the money to do it. Whales can't control the price of Bitcoin, or should I say, they can control but there is a limit into it unlike altcoins where most of the time, low market cap coins are the ones that are being pumped and dumped.
Regarding whales owning 51% of the Bitcoin, it will not happen because Bitcoin has been spread out towards many exchanges and many people. It's been distributed towards many investors, so I don't think that they have a chance to own 51% of the total circulating supply.
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 mean half of the supply of bitcoin owned by a single whale? That's not possible because it will take billion of dollars as investment and moreover they can manipulate the prices but the external forces of demand and supply will determine the actual prices.Bitcoin remains decentralised in this manner also as you can see there are lot of whales with thousands of btc in their wallets but can they control prices single handily? No but they can try to create pump dump situations with the amount of coins they are holding as we generally see in the market.
I'll say a baseless but true feeling that I think someone or an institution is controlling the bitcoin price.
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 price depends on many factors. Because bitcoin is decentralized, no one can control the btc market, even if they own 51% of bitcoin, although it is impossible for someone to own half of the circulating supply. Whales can try to manipulate the price by trading bitcoin, but they can never control the price of bitcoin. 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 is no benefit for the "big" whales to move the price. Usually, market manipulation is done this way:
Buying the asset and advertising to retails to buy at the same time, the "whale" will drive the initial stage of the pumping, then it is the market ( retails ) that keeps pushing the price up. Then whale sell ( dump ) the assert to take profit. Or do the opposite:
Selling the assert and make the publich think the same way and selling as well. Then buy the asset back and pump the price again.
However, in Bitcoin, it is very hard to do the important part: advertising to retails. It may work in alt coints, such as SOL, it will never work with Bitcoin where there is no advertising department at all
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?
Yes nobody can control it likewise the whales but the whales influence the price of bitcoin. The whales can not control your wallet and that is the decentralized exchange system we are talking about on bitcoin. They can only influence the price not the coin. So bitcoin is still decentralized in all time. Why it is decentralized because of the p2p nature of bitcoin.
First and probably most important, I want to emphasize that control and influence are not equated. Nobody can control Bitcoin's price, and if it could, it wouldn't have dropped to its current level. When whales are holding a bag, they all want to be pushed. However, they can sometimes influence the market through manipulation. It does not last long and is not always under control. It is decentralized and will remain so in the future.
i am on this one. no one can control the btc market as it is decentralised. even though there are whales, you can't expect them to talk with each other and agree when do they want to move the price in the market. so yes, no one has the capability to have the upper hand in this market. this question though was asked over and over but don't know why people are thinking that whales have big influence in this market. even the biggest btc holder can only make a dent, as you said, they may create a certain movement but won't sustain their influence.
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?
Yes nobody can control it likewise the whales but the whales influence the price of bitcoin. The whales can not control your wallet and that is the decentralized exchange system we are talking about on bitcoin. They can only influence the price not the coin. So bitcoin is still decentralized in all time. Why it is decentralized because of the p2p nature of bitcoin. First and probably most important, I want to emphasize that control and influence are not equated. Nobody can control Bitcoin's price, and if it could, it wouldn't have dropped to its current level. When whales are holding a bag, they all want to be pushed. However, they can sometimes influence the market through manipulation. It does not last long and is not always under control. It is decentralized and will remain so in the future.
Bitcoin is very presentable and can be easily traded therefore anyone with a well proper information about it can even noticed. There are numerous ways these whales influence the market either buying in bulk or selling in bulk inother to entrapped surviving traders and investors in the space. Whales are top spot and future traders in the market and they're always available to make good use of solid chances given in the space. It's presently in dip but there's every tendency that it will pump, we should also give listening ears to the regular crypto news which always pop out daily.
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 of the market certainly have some agency over the market outcomes and that's why they are mostly frowned upon. They can pump and gas an altcoin to the stratosphere and dump it all of a sudden in the name of profit. A lot of projects with good backgrounds and multiple applications that could've been very useful to bitcoin and the cryptocurrency industry as a whole died down because of the intervention of whales. They'd artificially inflate the price and drop it when they think the time is right. Although in the case of bitcoin it is widely different. Its decentralized nature and its scarce supply makes it so that no one fully controls the price of the cryptocurrency. Although bagholders do exist and they have hefty amounts of bitcoin on their vaults, it's not so affecting that their movements would be detrimental to bitcoin's future.
First and probably most important, I want to emphasize that control and influence are not equated. Nobody can control Bitcoin's price, and if it could, it wouldn't have dropped to its current level. When whales are holding a bag, they all want to be pushed. However, they can sometimes influence the market through manipulation. It does not last long and is not always under control. It is decentralized and will remain so in the future.
Many will have a different opinion on this. But everyone will agree on one thing. BTC can not be fully controlled by one person, even if he owns 51% of the total supply.
To me, one person (a whale) can not have acquired 51% of the total supply.
To me, one person (a whale) can not have acquired 51% of the total supply.
ok lets tin foil worse case.
(excluding satoshi stash plus possible lost/locked coins ~18m circulation left)
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
add in kraken and other exchanges in the portfolio. the DCG does have a substantial heap of coin at its fingertips
ill let you guys calculates the reserves of all those listed in portfolio
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?
Many people still think that the bitcoin price today is mainly determined by supply and demand, it is true that the price of bitcoin is also determined by supply and demand, but most of the market is being manipulated, not determined by demand. A market without any regulations would be an extremely favorable place for whales to roam. It only takes 1 Fuds to spread and the price of bitcoin fluctuates unpredictably, but many people still believe that the market works on demand.
Since the Bitcoin network is on the proof of work algorithm it becomes impossible for a few sets of holders call whales to take control, but the whales can also impact the market a bit their can't force the market to a halt as long as proof of work is concern miners are the engine room and as long as the is a minner with the highest harse rat to process transactions won't the Bitcoin network there will be reward so there is not sole controller of the market.
When talking of whales is about series of them and this doesn't relatively mean a single holder could do that and from what I understand it would be very hard for a single holder to have about 51 percentage of bitcoin. Then let say about market price or increase, this may not possibly occur as the demand is more than the supply it would be very difficult for bitcoin market or price to dump despite holding 50 to 51 percent of the total supply instead would increased potentially.
For now, the whales cannot control the price of bitcoin, even though they own 51% of bitcoin because the current price of bitcoin is already very high. But if it was a few years ago when bitcoin prices were low, they could still do it. Today, because so many people know about bitcoin and take part in the search for profits, the price can go anywhere. In addition, the whales may currently remain focused on making profits and there may also be some who spread negative news to panic people so they are frightened and sell their bitcoins.
Control can be either absolute or relative, so whales don't need to do all market transactions by their own. It is about forming a wave: you need to have enough assets to makes others to believe trend is changed to which you need, media will help to strengthen that trend and you'll get your profits after that. The bigger market the bigger profits.
Many will have a different opinion on this. But everyone will agree on one thing. BTC can not be fully controlled by one person, even if he owns 51% of the total supply.
To me, one person (a whale) can not have acquired 51% of the total supply. There are multiple whales who are holding a big amount, and that's not a lie.
But BTC being untraceable, you can never be sure who are those holders. You may know few, but there's always those who stays in the shadow. Waiting for the opportunity.
If the whales makes any move, they are willing to buy or sell, keeping the balance between market movements.
It is only possible if one person can acquire 51% or more and decided to manipulate the market. Then among other 49% holders, some will see this as an opportunity to fill their bags and hold again.
market manipulations can be seen in many small crypto platform which is controlled by whales. The pyramid scheme. But for BTC that's nearly not possible.
Maybe one day, but not today.
To me, one person (a whale) can not have acquired 51% of the total supply. There are multiple whales who are holding a big amount, and that's not a lie.
But BTC being untraceable, you can never be sure who are those holders. You may know few, but there's always those who stays in the shadow. Waiting for the opportunity.
If the whales makes any move, they are willing to buy or sell, keeping the balance between market movements.
It is only possible if one person can acquire 51% or more and decided to manipulate the market. Then among other 49% holders, some will see this as an opportunity to fill their bags and hold again.
market manipulations can be seen in many small crypto platform which is controlled by whales. The pyramid scheme. But for BTC that's nearly not possible.
Maybe one day, but not today.
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?
For now, the whales cannot control the price of bitcoin, even though they own 51% of bitcoin because the current price of bitcoin is already very high. But if it was a few years ago when bitcoin prices were low, they could still do it. Today, because so many people know about bitcoin and take part in the search for profits, the price can go anywhere. In addition, the whales may currently remain focused on making profits and there may also be some who spread negative news to panic people so they are frightened and sell their bitcoins.The current bitcoin price is high, but if you compare bitcoin to gold, it is very small, the total bitcoin market capitalization is only close to 400 billion USD, and the gold market is more than 11 trillion. It can be seen that bitcoin is very small compared to the rest of the financial market, so manipulation is inevitable and if someone owns 51% of bitcoin, they can do whatever they want, not just control the price.
Sharks manipulate the bitcoin price in order to make profit, that's the way the sharks play.
Jump to: