Is it true that a whale moved 8k BTC? - page 7.

iged_war

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Quote from: galambo on June 11, 2018, 12:49:14 AM

Quote from: Aveatrex on June 10, 2018, 07:50:35 PM

Hello,
I heard that there is a whale that moved 8k BTC to an exchange and that what caused the price to go down in addition of Stop-Losses being triggered.Is that true?What do you think? If it's true I consider it to be a big problem as we clearly see that whales manipulate the market easily which is harmful.

I think this does not affect much to the market price of bitcoin just transferring a amount like 8K BTC will be just a normal trade in the list. The most amount of effect on the price of bitcoin appears only when a large number of community invests in it or sells it a single person cannot manipulate the market and cant make such a sudden change.

if we compare amount that moved to an exchange, its not ti much.but behind on that it's action influence other people to sell bitcoin they have.and now its have big effect in market.bitcoin reduce more than ten percent because of this.

Lecam

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Moving Bitcoin from exchange or to other wallet wouldn't move the price unless the sell it off ,
But for sure it would really trigger some news and make the people panic and sell their Bitcoin because they would think that the whale would dump it and they would surely want to be the first to sell before the price drops down,
And because of it the price of Bitcoin would surely crash.

kisscoin

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Yes, large investors or campaigns specifically make the collapse of prices, they can afford it. In addition, they earn even more by buying currency at a low price. It is very harmful and it is time to do such manipulations illegal!

tabas

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I get it now, this isn't the reason why the market is bleeding today.
Check this news: Bitcoin Price Plunges After Hack of South Korean Exchange, Down 53 Percent Since December

magneto

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Quote from: Aveatrex on June 10, 2018, 07:50:35 PM

Hello,
I heard that there is a whale that moved 8k BTC to an exchange and that what caused the price to go down in addition of Stop-Losses being triggered.Is that true?What do you think? If it's true I consider it to be a big problem as we clearly see that whales manipulate the market easily which is harmful.

I think OP is referring to this news: https://www.ccn.com/mysterious-asian-whale-begins-funneling-funds-back-to-huobi/

I wouldn't say that a whale moving coins around instantly means that the market is somehow being manipulated. Of course, the market could be manipulated by a variety of factors, but this isn't something that can be used as proof of "manipulation". Selling coins that is rightfully yours is something that can be done freely, doesn't matter if you have 8k BTC.

It shouldn't be taken as a sign of anything, really. It could literally be someone needing money to invest in other ventures, or that he feels like that bitcoin is going to go lower, so he's selling now.

It could be the reason why prices are down so much right now, but I feel like a lot of it is actually done by panic sellers themselves. I don't think there is any point in trying to monitor whale addresses, it's not a foolproof way to predict how bitcoin will move at all.

slashz9

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I'm not so interested in the issues in circulation, if you are an investor you should not think about the price up / down, is not that common every year, I also hear there are groups / or people who auction 60000 pieces of btc, make the price down.

Herbys

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Quote from: Aveatrex on June 10, 2018, 07:50:35 PM

Hello,
I heard that there is a whale that moved 8k BTC to an exchange and that what caused the price to go down in addition of Stop-Losses being triggered.Is that true?What do you think? If it's true I consider it to be a big problem as we clearly see that whales manipulate the market easily which is harmful.

Of course, a big player can easily change the situation on the market, but I do not think that this situation will change in a coordinated way. They will do it to earn money, and not to keep their capital immobile. The currency should work!
To change the global situation, we need to throw in news, expert assumptions that are based on facts, not fantasies.

speedy963

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Quote from: odolvlobo on June 10, 2018, 07:56:39 PM

Quote from: Aveatrex on June 10, 2018, 07:50:35 PM

I heard that there is a whale that moved 8k BTC to an exchange and that what caused the price to go down in addition of Stop-Losses being triggered.Is that true?

The act of moving a large number of bitcoins to an exchange won't affect the price any more than moving them anywhere else. However, some people may panic and sell because they believe that the "whale" is about to sell the entire amount, and that can drive the price down.

Quote from: Aveatrex on June 10, 2018, 07:50:35 PM

If it's true I consider it to be a big problem as we clearly see that whales manipulate the market easily which is harmful.

My understanding of manipulation is that it is the attempt to change the outcome of a future trade. As such, a "whale" simply buying or selling large numbers of bitcoins is not manipulation, regardless of the effect on the price. Every trade, no matter how large or small, has an effect on the price.

Manipulation can be done by spreading false or misleading information, or also by affecting the price in one market in order to affect the outcome of a trade in another market.

I somehow agree with what you are trying to point out. Since manipulation is really hard most specially when you are alone working on the market, that is why some tend to spread false accusations and false news to confuse other peoples mind and then they start to play the market. It could only be possible when you are a whale.

kryptqnick

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Quote from: odolvlobo on June 10, 2018, 07:56:39 PM

Quote from: Aveatrex on June 10, 2018, 07:50:35 PM

I heard that there is a whale that moved 8k BTC to an exchange and that what caused the price to go down in addition of Stop-Losses being triggered.Is that true?

The act of moving a large number of bitcoins to an exchange won't affect the price any more than moving them anywhere else. However, some people may panic and sell because they believe that the "whale" is about to sell the entire amount, and that can drive the price down.

If anything, buying a big amount of bitcoins should've affected the price is a positive way, right? But 8 btc is really nothing if we are talking about a big exchange, it is only about 1/6000-th of the trading volume. The current price drop is related to coinrail reviewing the users due to a hacking attempt. But this exchange is actually a very small one with a trading volume of shy 2 million dollars! So I think it's more of FUD making some right newbies panic and ruin everything. I really don't understand why does it always have to be this way.

timerland

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Quote from: Aveatrex on June 10, 2018, 07:50:35 PM

Hello,
I heard that there is a whale that moved 8k BTC to an exchange and that what caused the price to go down in addition of Stop-Losses being triggered.Is that true?What do you think? If it's true I consider it to be a big problem as we clearly see that whales manipulate the market easily which is harmful.

Who cares if it's true or not? It's not like it matters. If they have the bitcoin, they have the right to sell it off at any given time. Nobody should panic from their individual decisions. Plus, who can be sure that them moving coins to an exchange would indicate for sure that they're actually going to sell the coins?

As for manipulation, it depends on what you see as manipulation, honestly.

In any sort of market with free trading, people with higher amounts of an asset will always be able to move markets more. No difference in bitcoin, here. If this is just a person selling off their stash from before (even this is not confirmed), it's hardly "manipulation".

galambo

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Quote from: Aveatrex on June 10, 2018, 07:50:35 PM

Hello,
I heard that there is a whale that moved 8k BTC to an exchange and that what caused the price to go down in addition of Stop-Losses being triggered.Is that true?What do you think? If it's true I consider it to be a big problem as we clearly see that whales manipulate the market easily which is harmful.

I think this does not affect much to the market price of bitcoin just transferring a amount like 8K BTC will be just a normal trade in the list. The most amount of effect on the price of bitcoin appears only when a large number of community invests in it or sells it a single person cannot manipulate the market and cant make such a sudden change.

ralle14

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Quote from: Ngemmeng on June 11, 2018, 12:17:12 AM

in my opinion the pope will not sell bitcoin in a single sale, there are investors who panic so bitcoin prices go down further.

Didn't know the pope also holds some Bitcoin /s

Quote from: First77 on June 11, 2018, 12:27:34 AM

...

The post was edited last January 6. I doubt that this is the person that OP is talking about. There's no proof in the post, everyone here could easily fake it and say that they're a whale who is planning to sell an X amount of Bitcoin.

I looked through Google and found this article from medium. Quoting some parts of the article for those who don't want to read the whole thing.

Quote from: https://medium.com/@VidrihMarko/bitcoin-whale-with-over-90-000-btc-pushes-bitcoin-to-huobi-exchange-big-selloff-3a34e64e50

Bitcoin whale with over 90,000 BTC pushes Bitcoin to Huobi Exchange — big selloff?

In the last few days, this address has started to send 8,000 BTC to a wallet of the Exchange Huobi. These moves were uncovered and investigated by an administrator of the Chinese forum 8btc.com .

gambitcoin53

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Quote from: Aveatrex on June 10, 2018, 07:50:35 PM

Hello,
I heard that there is a whale that moved 8k BTC to an exchange and that what caused the price to go down in addition of Stop-Losses being triggered.Is that true?What do you think? If it's true I consider it to be a big problem as we clearly see that whales manipulate the market easily which is harmful.

this is just a speculation, what triggered on the sudden drop of bitcoin price is the trend it creates to some panic sellers, it does not directly affect the price in case that is true, even a huge movement of a certain whale is not devastating in price drop, people's reaction on this movement is crucial, that is the rule of marketing. to increase the price of a commodity, the seller creates trends, false data to create panic selling.

crzy

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Quote from: onecall123 on June 11, 2018, 12:22:34 AM

It is the whole market going down, which supposed to the moon this year, but unfortunately creating FUD for BTC instead of MASS ADOPTION. How’s it going to moon if new people aren’t buying when the whales manipulate the market heavily that not fair. Anyway, It's a Cryptocurrency dude, Anything is possible.

Yeah, this is the sad reality in a world of cryptocurrency because whales can actually control the market. FUD news really makes new investors doubt on their decision, if this news is true I think the moment they sell their bitcoin is a new bear market. Hodlers must stay focus on their goal and remain positive despite of this red market.

First77

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Quote from: Aveatrex on June 10, 2018, 07:50:35 PM

Hello,
I heard that there is a whale that moved 8k BTC to an exchange and that what caused the price to go down in addition of Stop-Losses being triggered.Is that true?What do you think? If it's true I consider it to be a big problem as we clearly see that whales manipulate the market easily which is harmful.

Quote from: wongjack on January 06, 2018, 04:44:06 AM

I'm from Malaysia,and I brought 8000 BTC when many years ago(and glad that I still have found back).I'm looking for cash out all the btc I have own now,it is about 100 million usd fund,but I don't think my country market have support that huge of volume,I do my research found that exchanges in Malaysia are really small,big exchanges like only bitfinex and coinbase can support that much of volume,but it can't use their service in Malaysia,and I'm not US citizen.I don't know what to do now.I'm really frustrated knowing I own that much of money but I can't cash out due to my country is not popular with this coin,any suggestion for me? Whoever can help me solve my problem I promise to gave him 50btc after I manage to cash out.A man will keep his word.
——————————
updated: 6.1.2018 4:54pm

what country that can support 100 mil usd withdrawal? I'm actually have thinking about open an US bank account,but I'm not sure whether I can withdrawal that much of fund from exchanges to my bank account or not.I actually don't mind paying tax fees to US or Malaysia gov whatever,I just want to have a cash out plan.

yesyes18

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Well, it coukd be because of that reason. People get suprised when they see cmsuch things happening at exchanges. They then resort to selling off and leaving as they think the whale is going to manipulate the market with such funds. This then triggers the mass sell off, because anyone who did not even see it will start selling off with the otion that, they're keeping their money safe

onecall123

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It is the whole market going down, which supposed to the moon this year, but unfortunately creating FUD for BTC instead of MASS ADOPTION. How’s it going to moon if new people aren’t buying when the whales manipulate the market heavily that not fair. Anyway, It's a Cryptocurrency dude, Anything is possible.

ElevenX

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Quote from: lendahawkins on June 11, 2018, 12:16:18 AM

Quote from: Aveatrex on June 10, 2018, 07:50:35 PM

Hello,
I heard that there is a whale that moved 8k BTC to an exchange and that what caused the price to go down in addition of Stop-Losses being triggered.Is that true?What do you think? If it's true I consider it to be a big problem as we clearly see that whales manipulate the market easily which is harmful.

i dont know but right now i heard that america now will check few trading site to find whether there is market manipulation that was done by someone. After this news come out it make a huge market crash. I hope everything is okay and hope market soon will recover.

Do you have a link to this news? In theory I would imagine should had been good for the price. But thinking about it, it gives a reason for manipulators to get in a few more dumps and rebuys.

Ngemmeng

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in my opinion the pope will not sell bitcoin in a single sale, there are investors who panic so bitcoin prices go down further.

lendahawkins

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Quote from: Aveatrex on June 10, 2018, 07:50:35 PM

Hello,
I heard that there is a whale that moved 8k BTC to an exchange and that what caused the price to go down in addition of Stop-Losses being triggered.Is that true?What do you think? If it's true I consider it to be a big problem as we clearly see that whales manipulate the market easily which is harmful.

i dont know but right now i heard that america now will check few trading site to find whether there is market manipulation that was done by someone. After this news come out it make a huge market crash. I hope everything is okay and hope market soon will recover.

Topic: Is it true that a whale moved 8k BTC? - page 7. (Read 1638 times)