No mention yet of the Bearwhale?
That absolutely was one person who had a serious effect on the price in 2014.
https://www.cnbc.com/2014/10/09/bitcoins-bearwhale-and-the-future-of-a-cryptocurrency.html
https://www.reddit.com/r/Bitcoin/comments/6d2tp1/i_am_the_bearwhale_uasf_now/
No matter who you are and how big you are, you can only sell once and you can never predict the effects your actions will have on others. It's possible your smugly planned move might totally blow up in your face.
Topic: Is it real that one or two big whales can seriously affect the price of BTC? (Read 393 times)
December 27, 2018, 07:40:17 PM
December 27, 2018, 07:34:35 PM
I think if whales holding a large amount of bitcoin, they can playing with bitcoin price but not controlling. Decentralized is on the bitcoin system not the price because price always determined by supply and demand and if whales hold large amount bitcoin, they can control the supply
December 27, 2018, 05:11:07 PM
The BTC price indeed may be largely and positively or negatively influenced or manipulated by certain humpback whales(Lol)! It is a regular and predominant thing by the pump and dump group to falsify and create a sense of appreciating price market (or vice versa). The force of the whales dumping their coins could negatively drop the prices further after artificially pumping them up! yes the whale could do something about the price of btc.
December 27, 2018, 03:57:52 PM
As for cryptocurrencies, I know their markets are often handled by some big whales.
While some times, it's said that, a little group of whales, or even solely one whale can affect the price
https://www.reddit.com/r/jex/comments/a9wizj/sometimes_love_and_care_is_very_improtant/
As I've thought BTC is of decentralization and its price shouldn't be easily controlled by a too small a group.
So may I believe this kind of saying?
It doesn't matter on the number of whales to which can affect the price of bitcoin but what matter most is the quantity of bitcoin they are holding. if there is a 1 whale who have a 10% of total bitcoin circulating supply and he will dump half of it for sure it would affect the price of the bitcoin even he is the only one selling. While some times, it's said that, a little group of whales, or even solely one whale can affect the price
https://www.reddit.com/r/jex/comments/a9wizj/sometimes_love_and_care_is_very_improtant/
As I've thought BTC is of decentralization and its price shouldn't be easily controlled by a too small a group.
So may I believe this kind of saying?
December 27, 2018, 01:33:57 PM
I do not think that 2 or 3 whales can affect the market. Not even that. 2 or 3 whales may affect the market, but the impact will not be long. In order to create a steady trend, 2 or 3 whales will not be enough. Still, the bitcoin market, although much smaller than the stock market, has enough liquidity to prevent manipulation by 2 or 3 people. I think that the current fall is a manipulation by many large players, small speculators, funds, etc. But it seems to me that market manipulation is not the collusion of major players. Simply, many of them watched the bubble of the end of 2017-2018, and having made money, they decided to leave the market with a profit.
December 27, 2018, 01:08:45 PM
As for cryptocurrencies, I know their markets are often handled by some big whales.
While some times, it's said that, a little group of whales, or even solely one whale can affect the price
https://www.reddit.com/r/jex/comments/a9wizj/sometimes_love_and_care_is_very_improtant/
As I've thought BTC is of decentralization and its price shouldn't be easily controlled by a too small a group.
So may I believe this kind of saying?
While some times, it's said that, a little group of whales, or even solely one whale can affect the price
https://www.reddit.com/r/jex/comments/a9wizj/sometimes_love_and_care_is_very_improtant/
As I've thought BTC is of decentralization and its price shouldn't be easily controlled by a too small a group.
So may I believe this kind of saying?
Decentralization is a different thing and it does not have much to do with the price manipulation. As we know the market cap of crypto is very small and a person or group of persons who possess a huge amount of bitcoins can move the market to some extent with his holdings.
As the moves along and market cap will increase then manipulation and volatility of bitcoin will also reduce.
December 27, 2018, 12:52:19 PM
As I've thought BTC is of decentralization and its price shouldn't be easily controlled by a too small a group.
So may I believe this kind of saying?
Shitcoins with small marketcap or centralized cryptocurrencies can surely be controlled by pump and dump groups or main investors. However, I don't believe this holds for decentralized cryptocurrencies with huge marketcap, like bitcoin or ethereum. Blockchain wallets show that funds are very diversified, and it's rare to see some 'big' holder sell coins. I think what affects the market most of all these days is news. People then consolidate over the news and start buying or, more often, selling coins massively in the matters of hours. To overcome it, we need the crypto community to expand and become more mature.So may I believe this kind of saying?
It's rare and they can't have a stranglehold on the market forever but it's not impossible. We saw what happened when mt. gox coins were sold and also recently when CSW claims to have sold a lot of coins.
December 27, 2018, 12:01:08 PM
As I've thought BTC is of decentralization and its price shouldn't be easily controlled by a too small a group.
So may I believe this kind of saying?
Shitcoins with small marketcap or centralized cryptocurrencies can surely be controlled by pump and dump groups or main investors. However, I don't believe this holds for decentralized cryptocurrencies with huge marketcap, like bitcoin or ethereum. Blockchain wallets show that funds are very diversified, and it's rare to see some 'big' holder sell coins. I think what affects the market most of all these days is news. People then consolidate over the news and start buying or, more often, selling coins massively in the matters of hours. To overcome it, we need the crypto community to expand and become more mature. So may I believe this kind of saying?
December 27, 2018, 11:41:41 AM
It will always depend on the amount they handle, but certainly, it is probable, similar manipulations have been seen in the market, but between several companies, not two individuals, remember that control is with us, as long as we are not affected by FOMO or FUD, so begins the manipulation
December 27, 2018, 11:37:27 AM
Absolutely it's depends on the how much Bitcoin they have in wallet,I think so big whales means they have thousand over bitcoin.so it's common Bitcoin price down/up getting affect they money.every situation I have to say crypto market going to control people have been in this market.market going to down/up depends our Bitcoin transaction processing ability.
December 27, 2018, 09:49:59 AM
sure this is real but the same situation is in every fiat its in Germany Euro where i live the same and USD also the same there are only few percents who having more then the hole rest .
regards
regards
December 27, 2018, 09:23:17 AM
As for cryptocurrencies, I know their markets are often handled by some big whales.
While some times, it's said that, a little group of whales, or even solely one whale can affect the price
https://www.reddit.com/r/jex/comments/a9wizj/sometimes_love_and_care_is_very_improtant/
As I've thought BTC is of decentralization and its price shouldn't be easily controlled by a too small a group.
So may I believe this kind of saying?
While some times, it's said that, a little group of whales, or even solely one whale can affect the price
https://www.reddit.com/r/jex/comments/a9wizj/sometimes_love_and_care_is_very_improtant/
As I've thought BTC is of decentralization and its price shouldn't be easily controlled by a too small a group.
So may I believe this kind of saying?
of course yes, they can influence the market and make waves so that others will follow their wishes.
December 27, 2018, 09:19:49 AM
I can tell YES for that. as they are capable of selling huge amount and also buying it back.
A whale can manipulate the market if they want to buy more tokens at low rate.
I still remember a whale sold more than 18K btc from Jnauary to February.
A whale can manipulate the market if they want to buy more tokens at low rate.
I still remember a whale sold more than 18K btc from Jnauary to February.
December 27, 2018, 09:10:37 AM
depending on how large the whales are, because they can only order what is appropriate for bitcoin. they may not even have much to be affected, But in the first place you are the responsible of your bitcoin to manage. However there is a way how to protect Your bitcoin from lossing is to wait for the time.
December 27, 2018, 08:58:18 AM
Although crypto currency adopts blockchain technology which it says is decentralized does not mean that technology is independent, there are still several factors that can influence it, for example market demand, if it is true that a group of people or individuals you say is a pope and they have enough capital to they can meet market demand and control it, which means they can automatically control market prices, even though I am not sure about this, but maybe it can be applied by people as one of the business strategies with the aim of getting far greater profits
December 27, 2018, 08:57:46 AM
Perhaps if a couple of whales will start to buy bitcoin and then the entire market and in particular the usual investor will take a position in the market, the price will grow more progressive if it is accompanied by a positive news background. I think that the growth of bitcoin is a matter of time. I believe so.
December 27, 2018, 08:53:34 AM
Demand is demand, no matter who's buying whether it's whales or shrimps. Let's say the current market cap is $66B, there should be at least $6B* demand to drive up the price. It could be satisfied by whales, shrimps, or both.
*Just an illustration, not an exact figure.
*Just an illustration, not an exact figure.
December 27, 2018, 08:37:02 AM
One or two isn't enough, but they can make a serious damage on the market if their schemes are exploited too hard. Knowing the markets now, it would be quite a difficult task to achieve the level of manipulation in which the prices would sway on their desired direction due to the number of new players in the market participating in their schemes. But then again they have deep pockets, and they can simply create supply and demand at will if they so do wish.
Yes they can make serious damage in the market, manipulation will lead to the downfall automatically that's the magical game big whales play with.
December 27, 2018, 07:27:03 AM
yep.
but its the fault of the exchanges not the whales, and here is why
1. many small exchanges follow like shrimp(sheep) the bigger exchanges.. so whales dont need to have funds on
each exchange to cause global price changes.. they just let the shrimp react to a direction change
2. exchanges implementing KYC usually deter shrimp/shark level investers as its just a hassle. so instead of having a shark army of users to counter the whale. it just ends up with a few shrimp/sharks that end up just following the whale hoping for a few nibbles along the way
3. exchanges are still not implementing high grade security, and are hiding behind fake "virtual office" addresses and proxies, thus shrimp/sharks are not willing to trust using exchanges. thus leading to the main 'volume' makers being the exchanges partners/insiders or buddies of the exchange
4. continuing from point 3. the volume is not number of individual (1 trade per person) number. its actually a collective number where say 50k coin could actually be just 2k coin traded 25 times in a day. thus the amount of individual coin exchanged is lower than people actually think
but its the fault of the exchanges not the whales, and here is why
1. many small exchanges follow like shrimp(sheep) the bigger exchanges.. so whales dont need to have funds on
each exchange to cause global price changes.. they just let the shrimp react to a direction change
2. exchanges implementing KYC usually deter shrimp/shark level investers as its just a hassle. so instead of having a shark army of users to counter the whale. it just ends up with a few shrimp/sharks that end up just following the whale hoping for a few nibbles along the way
3. exchanges are still not implementing high grade security, and are hiding behind fake "virtual office" addresses and proxies, thus shrimp/sharks are not willing to trust using exchanges. thus leading to the main 'volume' makers being the exchanges partners/insiders or buddies of the exchange
4. continuing from point 3. the volume is not number of individual (1 trade per person) number. its actually a collective number where say 50k coin could actually be just 2k coin traded 25 times in a day. thus the amount of individual coin exchanged is lower than people actually think
December 27, 2018, 04:41:03 AM
One or two isn't enough, but they can make a serious damage on the market if their schemes are exploited too hard. Knowing the markets now, it would be quite a difficult task to achieve the level of manipulation in which the prices would sway on their desired direction due to the number of new players in the market participating in their schemes. But then again they have deep pockets, and they can simply create supply and demand at will if they so do wish.
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