Bitcoin Market Is Manipulated - page 8.

zviadits

jr. member

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Quote from: abdobe on January 03, 2020, 04:37:56 PM

Yes, this can be manipulated, but for what? Whales get a steady profit from Bitcoin volatility and I am 99% sure that none of the whales will destroy the market. It is not profitable, it will bring loss, therefore it will not happen

If they are in group of whales and making an organized sell or buy order to manipulate they could take advantage of the whole market. You see there are many panic traders aswell who aren't really experienced in trading and rather making trade orders simply based on fear. I'm sure the whale are trying to target those kind of people because that's the easiest.

Whales live off small panic traders. Two years ago, we saw how whales can hit a jackpot when Bitcoin grew to 20k and collapsed at once in a flash. Its just needed to be careful and trade with a cold mind.

Yudhisthir

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Quote from: alexey14 on January 03, 2020, 04:14:41 PM

Bitcoin price is determined by the few whales who happened to hold since the early days. If they want they can pump BTC to 1M $ and if they want they can dump BTC to 100$.
Doesnt matter who you are, A BTC holder or a daily trader, whales control BTC price.
What I mean by whale? The person who have more than million Bitcoin.
Bitcoin technology is great but Market is compeletly different story.

Every markets are manipulative to some extent. Bitcoin has become one of the less manipulative but as there are fewer restrictions, the changes could be volatile.
I don't think a single or a group of whales would be able to move its price the way they want. They might be successful on most but they as bitcoin is one of the most decentralized value, the market sentiments have the larger role to play.

todiboa

jr. member

Activity: 128

Merit: 2

Quote from: alexey14 on January 03, 2020, 04:14:41 PM

Bitcoin price is determined by the few whales who happened to hold since the early days. If they want they can pump BTC to 1M $ and if they want they can dump BTC to 100$.
Doesnt matter who you are, A BTC holder or a daily trader, whales control BTC price.
What I mean by whale? The person who have more than million Bitcoin.
Bitcoin technology is great but Market is compeletly different story.

It is a known fact that there are large players with a dominant number of coins. However, so far I have not seen any manipulations that would destroy the crypto market. It is still alive so dont worry

ntsdm1

member

Activity: 394

Merit: 14

Quote from: abdobe on January 03, 2020, 04:37:56 PM

Quote from: alexey14 on January 03, 2020, 04:14:41 PM

Bitcoin price is determined by the few whales who happened to hold since the early days. If they want they can pump BTC to 1M $ and if they want they can dump BTC to 100$.
Doesnt matter who you are, A BTC holder or a daily trader, whales control BTC price.
What I mean by whale? The person who have more than million Bitcoin.
Bitcoin technology is great but Market is compeletly different story.

Yes, this can be manipulated, but for what? Whales get a steady profit from Bitcoin volatility and I am 99% sure that none of the whales will destroy the market. It is not profitable, it will bring loss, therefore it will not happen

I’m thinking about this: all bitcoins, assuming that whales want to sell them in large quantities, simply can’t be exchanged at exchange offices. There will be panic in the market and exchange offices can suspend their activities. Is there such a possibility? In any case, responding to the post, most likely the whales simply will not be interested to bring everything down.

abdobe

newbie

Activity: 43

Merit: 0

Quote from: alexey14 on January 03, 2020, 04:14:41 PM

Bitcoin price is determined by the few whales who happened to hold since the early days. If they want they can pump BTC to 1M $ and if they want they can dump BTC to 100$.
Doesnt matter who you are, A BTC holder or a daily trader, whales control BTC price.
What I mean by whale? The person who have more than million Bitcoin.
Bitcoin technology is great but Market is compeletly different story.

Yes, this can be manipulated, but for what? Whales get a steady profit from Bitcoin volatility and I am 99% sure that none of the whales will destroy the market. It is not profitable, it will bring loss, therefore it will not happen

Blockfer

newbie

Activity: 4

Merit: 0

I don't think you'll find many individuals claiming that the market is not manipulated. That being said, most people don't realize how many variables there are in addition to these groups of people that effect the price. Governments, regulations & laws, news, etc.

AjithBtc

sr. member

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Quote from: alexey14 on January 03, 2020, 04:14:41 PM

Bitcoin price is determined by the few whales who happened to hold since the early days. If they want they can pump BTC to 1M $ and if they want they can dump BTC to 100$.
Doesnt matter who you are, A BTC holder or a daily trader, whales control BTC price.
What I mean by whale? The person who have more than million Bitcoin.
Bitcoin technology is great but Market is compeletly different story.

Agreed, bitcoin price is being manipulated by a small group of large volume of bitcoin holders simply termed as whales. These people hold the majority of the bitcoin into circulation which is the reason for easy manipulation. Even with such a big volume the market is manipulative to limited level, beyond the same the market won't react. This is what I understood out of the market pump and dump caused by whales.

alexey14

jr. member

Activity: 225

Merit: 6

Bitcoin price is determined by the few whales who happened to hold since the early days. If they want they can pump BTC to 1M $ and if they want they can dump BTC to 100$.
Doesnt matter who you are, A BTC holder or a daily trader, whales control BTC price.
What I mean by whale? The person who have more than million Bitcoin.
Bitcoin technology is great but Market is compeletly different story.

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