I think whales are not manipulating the market,, exchanges are manipulating the market..
They learned how to play the game to make extra money they can play the game with us..
Look how big binance is how much money they have..
They can destroy every wall in the market to bring the price higher to stimulate the mass and let them buy..
After the mass buys they can slowly sell it to the mass..
Im also in the stock market, but im for 99% sure that exchanges are the real bosses in this crypto world..
Binance can buy for 100 million dollar coins and add that coin to there exchange and dump it before everyone else..
But it doesnt matter maybe i bought the same coin and when they list it on there exchange i can make maybe money to..
Topic: Article Says that Whales Cannot Tank the Market - page 3. (Read 666 times)
"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.
"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/
For me I don't think Whales alone are the one influencing the price, for me the prime suspect are the exchanges, alot of them gamble with investors money in the last bull run and are looking for ways to get their money back, another another school of thought says the institutional investors want to get into the market but at a fair price not 20K so they need to crash the market since they have the money
They hold large amount of bitcoin and they have a biggest portion in the market. They may not total control the market but at least they can influence the market and move a bit of it which lead people to follow the path that they are going through. And having that, they can collect the force that they need to do what they want with the help of the small holders who are being lead to panic by their news.
That's right! Whales can easily influence the market at any time whenever they wanted to which at some point small time investors will win or sometimes lose that's why we have to be vigilant when they will do something.
And I believe not only whales, known personalities and news are affecting the value of market whenever they utter something may bad or good.
Known personalities and even guesses of well known segment of TV shows that tackles with crypto are influencing as well. They are asking anyone whom can be titled as an 'expert' and will get the idea on where the market will go.
They hold large amount of bitcoin and they have a biggest portion in the market. They may not total control the market but at least they can influence the market and move a bit of it which lead people to follow the path that they are going through. And having that, they can collect the force that they need to do what they want with the help of the small holders who are being lead to panic by their news.
That's right! Whales can easily influence the market at any time whenever they wanted to which at some point small time investors will win or sometimes lose that's why we have to be vigilant when they will do something.
And I believe not only whales, known personalities and news are affecting the value of market whenever they utter something may bad or good.
They hold large amount of bitcoin and they have a biggest portion in the market. They may not total control the market but at least they can influence the market and move a bit of it which lead people to follow the path that they are going through. And having that, they can collect the force that they need to do what they want with the help of the small holders who are being lead to panic by their news.
"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/
more than 90% of bitcoins owned by hundreds account and it's not more than a thousand account and imagie if there was millions people are using crypto right now and does it make sense? it doesn't.http://fortune.com/2018/10/10/can-the-whales-of-bitcoin-tank-the-market/
But these guys never try to do anything with it and remember someone that has been loosing 30k bitcoin caused by his wallet gets destroyed.
"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/
Whlaes controlling the cryptocurrencies market is just a myth only. If you want to invest and money don't care any news or article. Most of the news sites and others sharing fake information only about cryptocurrencies.
No one like the emergence of decentralized platform and bitcoin.
This move may be continued but for long term they cannot manipulate 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/
http://fortune.com/2018/10/10/can-the-whales-of-bitcoin-tank-the-market/
For me I don't think Whales alone are the one influencing the price, for me the prime suspect are the exchanges, alot of them gamble with investors money in the last bull run and are looking for ways to get their money back, another another school of thought says the institutional investors want to get into the market but at a fair price not 20K so they need to crash the market since they have the money
who do really have the capability on influencing the price of the entire market but somehow they do have the position on such possible event but basing on those percentages it wont really be that enough but still can give out some significant impact.
6% or 4.6% it's by far enough to tank the market. Look what happened with the mt.gox coins that were sold recently, that wasn't anywhere near to the amounts you're speaking of and it really damaged the price. The orderbooks across the whole of the crypto market wouldn't cover the 4.6% of coins so any large sell order would create a huge downward spiral. 4.6% is around 1m bitcoin or 6bn dollars. That much money coming to market would never be swallowed up by buy orders.
I still think that a whale who holds a large sum of BTC or any other top 100 coin is able to turn the market blood red and keep it there for as long as the bags are sold. It's just the thing that BTC orders at the CMC price will get filled REALLY quickly in different exchanges.
If somebody would like to sell even 10BTC at once in one of the top exchanges the drop in BTC price would be perceptible. Liquidity isn't really that high.
If somebody would like to sell even 10BTC at once in one of the top exchanges the drop in BTC price would be perceptible. Liquidity isn't really that high.
I think bitcoin has pass the point where it can be manipulated by whales. It has become a more mature market where the price is being formed by collective forces rather than individual ones. It will take much more coins than the number indicated in the article to move the price considerably by a couple of so called whales.
"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/
For me I don't think Whales alone are the one influencing the price, for me the prime suspect are the exchanges, alot of them gamble with investors money in the last bull run and are looking for ways to get their money back, another another school of thought says the institutional investors want to get into the market but at a fair price not 20K so they need to crash the market since they have the 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/
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