This has always been the talk of the day and there is no real and solid proof for it. Trading will always involves increase and decrease in price by simple logic. There will be high increase and high decrease when there are certain events , more buyers or sellers and so on.There is nothing mysterious about whales. Whales pumping, trading, just like you. Just like when you buy bitcoin, do you want to tell people and show that you have bitcoin? Certainly not. Just like you, the pope also wants to be anonymous. But the difference is that whales have more money to buy bitcoins while you do not.
Topic: Do whales really control the market, or is that a myth - page 10. (Read 2278 times)
Is there any evidence that these mysterious 'whales' really control the bitcoin market, or is this a myth generated as people try to understand why bitcoin prices go up and down?
FUCK THE WHALES!!!!!!!Fucking Whale assholes.
Is there any evidence that these mysterious 'whales' really control the bitcoin market, or is this a myth generated as people try to understand why bitcoin prices go up and down?
It is not a myth. Just imagine if someone have a great amount of bitcoin in their wallet. And they want to sell it in the market quick, by dumping it.
It can causing the price on the market falling greatly in no time. Will need time to be corrected back to the price before.
Of course the whales control the markets otherwise who do you think causes these price swings in the Bitcoin markets. There are many people who own hundreds of thousands of Bitcoin and they are the ones who can cause a flash drop very easily and control the markets.
Is there any evidence that these mysterious 'whales' really control the bitcoin market, or is this a myth generated as people try to understand why bitcoin prices go up and down?
There are a group of people from different countries who invests a lot of money in cryptocurrency and they are being called 'whales'. They do not have the total control of the market, they just have the ability to manipulate it. I mean if they want btc to go up for a certain percentage, they can do it coz they have a lot of holdings but just a little bit percentage. They have a big effect on the market but they don't totally control it.
Its a myth
You are absolutely right on this. Humans are emotional being thus any strange movement in the charts often create panic buy or sell which in turn triggers bear or bull run in the market. Thus Whales do control the market and would do anything to get your assets to be added to theirs.
Is there any evidence that these mysterious 'whales' really control the bitcoin market, or is this a myth generated as people try to understand why bitcoin prices go up and down?
this is not a myth, whales can easily manipulate market price movements because they have substantial capital, whenever they can take advantage of the market situation to make a profit
Whales can not completely control the market of crypto currency, if only because it is anonymous, and they do not advertise the number of their bitcoins in order to unite in global alliances. In any case, it is very difficult to do this, and maybe it is impossible. For whales, it is enough to influence the market for a certain short-term goal at a certain time.
but they can move the price to the higher price and to the lower price and they are smart to make people become panic. we have seen this in many times and I think it will happen again in the future. they have a big of money that allows them to do that but like you said, they cannot do this forever and there will be a time that they don't want to interfere the market and only follow the market. but I don't think that all of the whales will do this because I am sure that there are any good whales that don't play with the market.
They control the market with large fund to manipulate the market though it can also be influenced by the demand of other people...
They don't control the market, they control YOU! ha ha! As soon as they dump their profited bitcoins and YOU started to sell in panic, that is where the magic happens.
when YOU are trading in the market then you are a part of the market. if they control YOU then they control the market. the real question is how many of these YOUs they affect when the dumping happens. and the answer is that it changes based on different times and the market status.
for example at the beginning of the year when bitcoin was still in super hyped up mode we had a lot of these YOUs who we call "weak hands", when the correction hit they panicked and sold. or when the whale dumping during the $10k fiasco started they again panic sold their bitcoins.
but they will always go out and the market becomes void of them. for instance when the $6k dumping happened 3 times so far this year there were not that many weak hands to panic sell so the whale dumps failed to push the price any lower and they lost money since they were forced to buy back at higher prices instead.
There is nothing mysterious about whales. Whales pumping, trading, just like you. Just like when you buy bitcoin, do you want to tell people and show that you have bitcoin? Certainly not. Just like you, the pope also wants to be anonymous. But the difference is that whales have more money to buy bitcoins while you do not.
Is there any evidence that these mysterious 'whales' really control the bitcoin market, or is this a myth generated as people try to understand why bitcoin prices go up and down?
It is mostly a myth. Whales are called whales for some reasons.
They don't day trade like many others. Not sure how many whales are out there but I'm sure that they are pretty chill about their money when they look at the market. They are mostly longterm holders
Whales can not completely control the market of crypto currency, if only because it is anonymous, and they do not advertise the number of their bitcoins in order to unite in global alliances. In any case, it is very difficult to do this, and maybe it is impossible. For whales, it is enough to influence the market for a certain short-term goal at a certain time.
They don't control the market, they control YOU! ha ha! As soon as they dump their profited bitcoins and YOU started to sell in panic, that is where the magic happens.
Exactly!! ....He boukht? Domp eet!
They don't control the market, they control YOU! ha ha! As soon as they dump their profited bitcoins and YOU started to sell in panic, that is where the magic happens.
Majorly , I don't believe in whales manipulating the market. This has always been the talk of the day and there is no real and solid proof for it. Trading will always involves increase and decrease in price by simple logic. There will be high increase and high decrease when there are certain events , more buyers or sellers and so on.
Every market is controlled by some visible and invisible forces likewise the crypto market, although the whales exert a certain amount of control but they do not control the market in isolation their are other forces, like the propaganda forces which result to parnic sale, dump and pump strategy etc.
Is there any evidence that these mysterious 'whales' really control the bitcoin market, or is this a myth generated as people try to understand why bitcoin prices go up and down?
There is no enough evidence that whales are controlling the market but many are speculating that whales are doing it. They can do what they want in the market because they have lot of money. They can pick a coin and pump it and then dump it whenever they want. They can manipulate the market if they want to. Fuck them..FUCK THE WHALES!!!!!!!
I think it is not myth. Whales does control the market because they have a power to manipulate the market for their own beneficial. The have a lot of money and coins in their fat pocket. They hold a big role at playing supply and demand to attract small fishes. If you have an access to see their movement, you would be a luckiest person at deterorating market condition right now.
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