How Whales Are Affecting The Cryptocurrency Market - page 2.

Lexurdania

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Quote from: patz22 on August 15, 2019, 11:10:31 PM

They are big, they are rich and powerful but how many are they? Can they really manipulate it in long run? Maybe for small coins but for the others it will be hard and the only victim would be the small and weak ones. But it doesn't mean that they own the market and if small ones come together it will be bigger.

I think they will not be able to influence prices in the long run. Whales will look for short-term profits because it is more profitable for them or their investors. Therefore, we should avoid FOMO when prices move suddenly without any supporting news

patz22

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They are big, they are rich and powerful but how many are they? Can they really manipulate it in long run? Maybe for small coins but for the others it will be hard and the only victim would be the small and weak ones. But it doesn't mean that they own the market and if small ones come together it will be bigger.

Msworld83

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Crypto market is majorly control by the whales as they decide what is on and off in the industry and go to the level of manipulating the market to their own benefit, this is why I don't too much like how thearket are runs some time as they are not the peace rain in most cases .

WalkerIVIV

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Whales are still the main player in the crypto, majority of coins have already owned by the whales and when these people that have already called as the whales have made its movement and then the market can be played whatever they wanna do. I can even do that if i have multi-millions of money but i have nothing to play with the market.
Some times there will be a gap between sell and buy order that can be manipulated by the whales.

flemmings02

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Crypto whales are mostly the dictators of the cryptocurrency market especially for low capped coins, they are always ablr to manipulate the price by triggering a huge sell and forcing weak investors into selling while they buy back at the very dip.

michellee

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The whales can control the market with their funds, but I don't think that they can do it every day because that will need a high-focus always to watch the market moves. Maybe the whales will come out in one moment, especially if the price increases so high or decrease too deep. The whales can affect the price with their coins because they can move the price to the high price or low price. But we don't have to afraid to them because we can also take the benefit by following the whales.

Vispilio

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The main trick, which really destroyed the credibility for most lesser known altcoins was that a few whales would buy and sell to each other

pumping the price of a low volume altcoin risk free, creating FOMO and then dumping to guileless bandwagoners brutally at the top of the

market that they were essentially cornering in esoteric, low liquidity exchanges...

AngelB

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You might be surprised to know many big bad whales are scared sh@tless because they have experienced more than one major Bear market. "HODL", for some people, simply means be ready to get out really fast before the others dump.

glendall

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there is no doubt that whales are toying with prices on the crypto market,
but one thing that you believe in, they don't do it carelessly, they do pump and dumb using trading analysis techniques, so whatever happens in the market is absolutely due to chart movements and chart trends themselves.

jossiel

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Quote from: jeraldskie11 on August 15, 2019, 11:40:54 AM

The people who buy a large number of tokens/coins are also called whales here in crypto. They can affect the price to go up because the marketcap was increase by whales buying and that what's the traders waiting for.

They affect the price to go up if they will make a huge buy orders and once it's filled, the market will react. Before many doesn't like the moves of these whales because they're all just taking profit from the market.

But in the latter, we have understood that everywhere there are whales and even in the stocks. It's not just the whales that are really affecting the market though one move they do and they will influence everyone who's watching the charts closely.

jeraldskie11

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The people who buy a large number of tokens/coins are also called whales here in crypto. They can affect the price to go up because the marketcap was increase by whales buying and that what's the traders waiting for.

guoyu78

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I clearly understand all your points but you cannot completely rule out the fact that they are still the major causes of these dumping that we see, when a whale is playing, they play for different angles and in as much as they are long term holders, they still do shorts also from time to time, and you know that they have all the money to do so.

The fact that they have some funds that have been tied down to and given a tag of long term investment, does not mean they would still not have another part of money which could be same amount they have in long term trade to manipulate the market, so they indirectly will benefit from both angles just like I do. I have an investment that is in long term investment portfolio, and I also have investment that I use to take profits in the short time, so I still believe they are the ones that contributes more to the market’s manipulation.

Tap_Global

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If you have stayed around the cryptocurrency market long enough, then you will be familiar with the term “crypto whale”. This term usually refers to big players in the crypto space that are known to hodl and move around large amounts of any given coin, often affecting the price while they’re at it. We’ll discuss how whales are affecting the cryptocurrency market by considering the following: https://www.tap.global/how-whales-are-affecting-the-cryptocurrency-market

Topic: How Whales Are Affecting The Cryptocurrency Market - page 2. (Read 335 times)