Topic: Do whales really control the market, or is that a myth - page 12. (Read 2276 times)
may be,but no body have proof how they control market.we already know if we have big market share, we can put some impact on market. that is reality.in crypto world same as they do.
No one force you to do investment here in crypto so if you think bad here just leave this to others
Don't judge digital currency we are so many users use this
This is still running by conveniece so if you experience not well just leave
Don't judge digital currency we are so many users use this
This is still running by conveniece so if you experience not well just leave
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?
We do not really need proof, if you take the time to look at any market in which some players have the majority they will try to fix the game so they always get profits, it is simply human nature, and so it is obvious the whales are going to try to get benefits no matter how the market moves and if that means bending the rules a little bit then they are going to do it. 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?
I have heard more off the whales affecting and manipulating the market, it can be kind of control that I believe that they don't control market 100%. They can just have a limited influence on it.
That is what they say, I am yet to know how whales control the entire crypto market. Well they may play a role in the trend in price but entirely controlling the market cant be as a result of whales. Government creating fear and panic also cause changes in the market trend. The principle is simply demand and supply.
Yeah they can do the manipulation through their system which automatically trade and that makes bitcoin volatility nowadays but aside from that i am certain that there are huge investors on bitcoin who are withdrawing or selling from their holdings which is being used to divert another form of investment but how he/she withdraw the bitcoin is a different story. He just sell few bitcoins when it will higher. If you notice there are major fluctuations on bitcoin market price few days back and that is not all about day trading that was all about selling bitcoin little by little as to not compromise on his doings. In my opinion the one who sells his bitcoin is the owner or maybe the relatives of the owner and the co developer of bitcoin system.
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?
That's not a myth, I once discussed this with my friends. in fact, whales can control market prices. large capital can manipulate the price according to his wishes on condition that there are still many people who panic selling.
Rising Bitcoin Prices Down
If you are currently observing Bitcoin prices, then you will be amazed by the rapid rise and fall of Bitcoin prices (fluctuations). In fact you may also wonder whether companies (such as Luno) that determine the price of Bitcoin?
The answer is no, because Bitcoin is interoperable. If you want to know the characteristics of Bitcoin, please read our previous article: What is Bitcoin?
If you are currently observing Bitcoin prices, then you will be amazed by the rapid rise and fall of Bitcoin prices (fluctuations). In fact you may also wonder whether companies (such as Luno) that determine the price of Bitcoin?
The answer is no, because Bitcoin is interoperable. If you want to know the characteristics of Bitcoin, please read our previous article: What is Bitcoin?
It isn't a myth, it's logical - whales exist and they have most of the total amount of Bitcoin so they can manipulate the market. They can't control it as they don't own all of the Bitcoins and never will but they can influence in a big way how high the price would be. The market still depends of all of the community.
There is nothing mysterious about whales, they trade, pumping coins, just like you but the difference is they have more money than you, they come to buy in bulk because they want a bigger profit and I think that's a natural thing.
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?
And you doubt that Bitcoin is controlled by those who have a large number of bitcoins. And also those who sell these bitcoins. Exchange and the stock exchange is a place where they make a speculation of bitcoin and other altcoins. Very famous exchanges have already been bought by well-known banks all over the world.
I'm sure if you were to check the blockchain transactions (using block explorers) you could gather enough evidence that there are whales and that they do actually manipulate 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?
Even without evidence, if you come to think of it. If one powerful person who possess large amount of money, he can make an impact with the price if he buy or dump his assets, and not only one person. I believe they are in a group, just like a syndicate.
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?
I think yes, because there are some addresses that having more than 50 thousands btc which can pump btc in every market at one time.
If the whales have a teamwork, they can control the market price.
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?
Actually, you do not really need a physical evidence to prove this. Logical reasoning is good enough. Imagine you have a number of Bitcoin that can significantly affect the market. And since we are talking about whales, they have more than enough number of Bitcoins to control the market. And since some of these whales wants to accumulate more Bitcoin, they can easily manipulate the market by selling hundreds of Bitcoins just to trigger panic selling. However, they do not control the market at a daily basis. Whale manipulation only happens several times.
I can say for what I know that that whales are not continuously performing that control of the market, they are just come to it, affect the price significantly in order to gain their purposes, and step out.
I think that the only thing that they controlled is the bad news about bitcoin spreading on the social media, so that they can harvest bitcoin on the panic seller, for them to earn big profit when the price of bitcoin increase. Bitcoin cannot be controlled or manipulated, so its impossible to state that it was being controlled by big whales. 
That depends on the individual's thinking whether to believe it or not. Personally speaking, I do believe in this because it''s obvious that there are a few or more whales in the crypto market. The early investors own a lot of Bitcoins in their wallet and some of them might surely think to use it for their benefits and create more wealth out of thin air. Who don't wants more money ? They would be surely using it to manipulate the market and extract money from it.
In my opinion, the whales do control and manipulate the market as can be seen from the recent pump and dumps. Most of the market capital is under few billionaires and thus they can easily control the whole market.
I can say for what I know that that whales are not continuously performing that control of the market, they are just come to it, affect the price significantly in order to gain their purposes, and step out.
IMO, it's possible because bitcoin value determine by supply and demand so unlike stock exchange, bitcoin is more volatile than stock trading because the value is easy for being manipulate.
Of course they can't manipulate over 5% except all top 50 on the most richest bitcoin owner try to manipulate by selling their own bitcoin !
Of course they can't manipulate over 5% except all top 50 on the most richest bitcoin owner try to manipulate by selling their own bitcoin !
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