Topic: Article Says that Whales Cannot Tank the Market (Read 666 times)
I have always been sceptical of Whales influence in the market of cryptocurrency. The Bitcoin is decentralized and the majority of bitcoin supply is in the hand of majority who are not whales!
6% or 4.6% is a large amount to change market movements (dump / pump)
Just imagine 6% of total bitcoin buying or selling will have a huge impact on the market, even though they cannot control the entire market, at least they get what they want.
for example now the price of bitcoin is stable at 6600 $ when they enter they can pump, maybe bitcoin easily returns to $ 20000 even though it won't last long, maybe only for 1 month or less.
They will always get what they want as long as the exchange market generally is nothing big yet and can easily be manipulated based on the volume on them, and we all know how speculative this market can be most of the time. Just imagine 6% of total bitcoin buying or selling will have a huge impact on the market, even though they cannot control the entire market, at least they get what they want.
for example now the price of bitcoin is stable at 6600 $ when they enter they can pump, maybe bitcoin easily returns to $ 20000 even though it won't last long, maybe only for 1 month or less.
The whales can do whatever they want as long as that is in place, which is the main reason why the need for real life usage and adoption is the only thing that can save this market from such manipulations and I believe as the market gets more matured, a lot of things would most definitely change for the better part of things.
Whales alone cant tank the market i definitely agree with that . but they can be one of the reason too , we have different factors how we end up here , first the newbies who have invested in late NOV , DEC , JANUARY when there is a ton of hype in cryptospace even CNBC news are telling people to buy their BITCOIN , XRP now that they are on a lost they are afraid to end up with nothing thus they are selling
In my opinion there are several thoughts and approaches that can be made with this article or consider relative aspects such as trusts in the data exposed and real certainty that these 32 whales have this actual amount and with the possibility of owning other wallets. Regarding the article is attractive and interesting but the homework should be done when we know we should not believe in anyone but ourselves. 
Articles didn't put too much effect now in crypto users since we all know that they can be paid and favored in only one side, though it can help to think whether they worth reading and worth believing.
In my opinion there are several thoughts and approaches that can be made with this article or consider relative aspects such as trusts in the data exposed and real certainty that these 32 whales have this actual amount and with the possibility of owning other wallets. Regarding the article is attractive and interesting but the homework should be done when we know we should not believe in anyone but ourselves.
I agree on the point that whales and exchanges work together mutually to manipulate the price. I watched a video where was clearly explained on graphics on various top exchanges concerning recent Tether accident.
I wonder if Elliott Wave theorists are charting these rise and falls with their theories and if it makes any sense.
Interesting article. Truly, Bitcoin's market cap is high enough, to be hard to manipulate by whales. Not like smaller Altcoins, which can constantly be victims of pump and dumps. Anyways, a bit higher volume could be great, to feel even safer.
Actually for me i don't think whales can manipulate the market of crypto because of the limit and we are the price here users,traders and investors still all are possible then we can't really see this and like FUD if you think another thing even they post negative about bitcoin still the price now is really high even we experience a lot of drops this year,Moreover look at the worth for you of crypto so don't think negative then spread positive so this will grow
Honestly, the cryptocurrency market is not about what ones think or presume but what ones experienced and I want to reassure you that the whales did manipulate the price of the market base on past record and last year price record to be precise which lead to the market correction of this year.Meanwhile, I don't believe what the article says because most of the writers are either cryptocurrency admirer or hater and most of them only want to make their blog/article popular or cause FUD.
i am not convinced that either regulations or the decentralization has anything to do with this. the whales exist in all the markets, even in the bigger ones. what do you think someone like Warren Buffet is if not a whale manipulating certain markets in his own will to make profit from them?
it is always about the power that someone has and how they can use that power effectively.
Every year more and more people enter this market, and the number of bitcoins decreases as a result of which the whales lose their assets a little. On Earth, more than 7 billion people, even if 1% of people own Bitcoins, is a lot. I'm not surprised that whales are harder and harder.
Actually for me i don't think whales can manipulate the market of crypto because of the limit and we are the price here users,traders and investors still all are possible then we can't really see this and like FUD if you think another thing even they post negative about bitcoin still the price now is really high even we experience a lot of drops this year,Moreover look at the worth for you of crypto so don't think negative then spread positive so this will grow
Honestly, the cryptocurrency market is not about what ones think or presume but what ones experienced and I want to reassure you that the whales did manipulate the price of the market base on past record and last year price record to be precise which lead to the market correction of this year.Meanwhile, I don't believe what the article says because most of the writers are either cryptocurrency admirer or hater and most of them only want to make their blog/article popular or cause FUD.
Okay lets face it there are some people that really has tonsnof money and yes it can affect the market, but it cannot be in total control to manipulate it. One of tye big factors here is the exchange that investors do and the news. Even if you put up a group of people to try to manipulate it it would still cost a lot of money.
"The bottom line? The role of whales in the Bitcoin market may be overstated. The top 32 whales control around 6% of the supply, but that figure drops to 4.6% when lost Bitcoins are taken into account."
http://fortune.com/2018/10/10/can-the-whales-of-bitcoin-tank-the-market/
http://fortune.com/2018/10/10/can-the-whales-of-bitcoin-tank-the-market/
whales will keep the coin, quietly eating small plankton and ride the wave. exchanges are the real villain here, they are the fishing boat taking everything with them, both big and small fish.
"The bottom line? The role of whales in the Bitcoin market may be overstated. The top 32 whales control around 6% of the supply, but that figure drops to 4.6% when lost Bitcoins are taken into account."
http://fortune.com/2018/10/10/can-the-whales-of-bitcoin-tank-the-market/
Perhaps the role of the whales is too high, but for some reason everyone is waiting for their actions, which will be the catalyst for the general growth and arrival of the bulls. But there are also exchanges and large companies and simple investors. So this is a multi-component system. http://fortune.com/2018/10/10/can-the-whales-of-bitcoin-tank-the-market/
"The bottom line? The role of whales in the Bitcoin market may be overstated. The top 32 whales control around 6% of the supply, but that figure drops to 4.6% when lost Bitcoins are taken into account."
http://fortune.com/2018/10/10/can-the-whales-of-bitcoin-tank-the-market/
Well, it turns out that bitcoin diggers and traders are the most bitcoin holders. That made me quite surprised. I thought criminal whales were the most likely.http://fortune.com/2018/10/10/can-the-whales-of-bitcoin-tank-the-market/
But anyway, that made me happy. Because criminals often get very bad results if they hold a high percentage of Bitcoin.
Well, we were led into many hypes last year. In 2018, the word 'whale' in connection with cryptocurrency became so popular and whale was the easy scapegoat for anything happening in the market whether it was down or up. This year, we realized that all of those things are just overstated. And this is a good development as we should be shying away from any group or just a select few personalities controlling the whole market...the control should be spread or democratize with as many people as possible so there would be no unbalance of power. I am hoping that in 2019 we can see the many advantages of this fact.
I think the critical word here is "tank". Tanking something is greater than something than dip, it means ruin.
well I think its kinda real because the role of the whales that I have heard about here is too big it seems like something incredible.
"The bottom line? The role of whales in the Bitcoin market may be overstated. The top 32 whales control around 6% of the supply, but that figure drops to 4.6% when lost Bitcoins are taken into account."
http://fortune.com/2018/10/10/can-the-whales-of-bitcoin-tank-the-market/
http://fortune.com/2018/10/10/can-the-whales-of-bitcoin-tank-the-market/
I am sure they will be back one day. They are in love with volatility and they will try to make more money. I think they will do their best to make BTC 50K
this is a bit misleading, specially that title that OP chose.
what happens is that a whale CAN crash a market easily. for most markets it doesn't even take much to do it. they can easily crash them. but what comes next is the important defining factor that will determine the final price after the crash.
what comes next is the rest of the market. when something has real value like bitcoin for example, no matter how much you manipulate it and how much you dump and crash, that asset will continue having its underlying value.
it is like gold, if you dump it and crash it, at the end it is still gold and is useful. like bitcoin. in the end it is still the only decentralized currency that passed the test of time. so it has the demand and it will rise back up.
but when the asset has no value, when it is dumped there is no reason for anyone to buy it back. so when it crashes it won't ever come back up again. hence creating the term pump and dump. that when an altcoin is pumped and dumped after the dump it dies unless they pump it again and eventually dies after a couple of p&d.
what happens is that a whale CAN crash a market easily. for most markets it doesn't even take much to do it. they can easily crash them. but what comes next is the important defining factor that will determine the final price after the crash.
what comes next is the rest of the market. when something has real value like bitcoin for example, no matter how much you manipulate it and how much you dump and crash, that asset will continue having its underlying value.
it is like gold, if you dump it and crash it, at the end it is still gold and is useful. like bitcoin. in the end it is still the only decentralized currency that passed the test of time. so it has the demand and it will rise back up.
but when the asset has no value, when it is dumped there is no reason for anyone to buy it back. so when it crashes it won't ever come back up again. hence creating the term pump and dump. that when an altcoin is pumped and dumped after the dump it dies unless they pump it again and eventually dies after a couple of p&d.
Some whales, some exchanges and paid medias are syndicate in price manipulation, they can tank the market anytime they wanted to. I don't believe easily in published articles by shiller medias. I only believe in my own theory and research, so for me its a hoax if they tell that they can't tank the markets.
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