Topic: Is there least effect of whale manipulation on bitcoin among all crypto coins ? (Read 525 times)
October 07, 2024, 04:59:48 PM
Whales may not have such a magnificent impact but the market can be manipulated through social media hypes. I have come across platform created just to gather investors across the world and promise huge cash back through pump. Though this is not so common with Bitcoin but we can agree that information about bitcoin on social media plays a significant role in impacting Bitcoin price to some extent.
October 05, 2024, 05:45:30 AM
No, there is never least effect of whale manipulation on bitcoin among all crypto coins.
You are wrong for saying there is no least manipulation on Bitcoin. Bitcoin is not like other cryptocurrency that gets manipulated easily and this is why Bitcoin is the most dependable cryptocurrency. Bitcoin also gets manipulated but there is a difference. Manipulating Bitcoin has to be expensive therefore not every whale will want to do that but there are some that tries and do not succeed. I saw a news that an address that mined Bitcoin during the days of Satoshi still being active just move some Bitcoin from the address for the first time, what this news means is the whale is thinking of selling his Bitcoin and this can create panic among other retail investors and they begin to sell causing the price of Bitcoin to fall, this is manipulation because they have cause a reaction that is making people to want to sell.
To be fair, none of us have any concrete evidence that the market is being manipulated because no one is stupid enough to publicly admit that they are manipulating the market. But with what has been happening, we can see that bitcoin is very sensitive to news, just a small news like you mentioned is enough to make the market fluctuate. If that's not a sign of manipulation, then what is?
It would be naive to think that bitcoin has become so big that it cannot be manipulated, bitcoin is just bigger than altcoins, it is not as big as we think. It is nothing compared to other financial markets like gold, stocks, forex.
Just one negative news can cause the stock market to evaporate trillions of dollars, and that number is many times larger than the total capitalization of bitcoin and the total capitalization of the cryptocurrency market. That shows how small bitcoin is.
https://www.straitstimes.com/business/85-trillion-wiped-out-from-global-stock-markets-but-are-recession-fears-premature
October 02, 2024, 09:10:59 AM
Whales - manipulators are trying to influence the price of Bitcoin. But this is not easy, since the coin is decentralized and has a large capitalization.
At present, we can assume that such whales - manipulators are spot ETFs - funds on Bitcoin.
Bitcoin's capitalization is 3 times larger than ETH and hundreds of times larger than other altcoins, but compared to assets like gold or stock companies, it is nothing. Manipulating it may seem difficult to us, but for institutions, whales who manage hundreds of billions of dollars, it is not so difficult. Also Bitcoin is very sensitive to news and they can manipulate it with news, it doesn't necessarily take a lot of money to manipulate.
October 01, 2024, 12:18:40 PM
Bitcoin is popular among huge population all over the world while the demand for altcoins is limited. Does this mean there is least effect of whale manipulation on bitcoin among all crypto coins ?
I maintain an opinion that whale manipulations are more of a conspiracy theory than proven reality with Bitcoin. Bitcoin has a huge market capitalization, too big for major manipulations. Certain announcements or events that involve the movement of large amounts of money (billions of dollars) can have a short-term impact on the price, but those are not coordinated attacks. For instance, the price fell down significantly when the pandemic was announced in 2020, but that wasn't a whale manipulation. Similarly, the price went down recently amidst announcements of Mt Gox repayments, but no manipulation here either.I believe that altcoins with low market capitalization are susceptible to manipulations, but Bitcoin is not like that and I agree that it's the least manipulated coin (in a sense that manipulating its price is almost impossible in practice).
I like your opinion, whales will not be easy to manipulate Bitcoin because the price of Bitcoin is already very expensive so if they want to manipulate the price of Bitcoin then whales must have billions of dollars in capital to manipulate the market price.
Unlike Altcoins whose prices are much cheaper than Bitcoin so whales find it easier to control Altcoins in the crypto market, but buying Altcoins is very risky because most Altcoins can only survive on the exchange for a few years.
September 29, 2024, 12:48:36 PM
Bitcoin is popular among huge population all over the world while the demand for altcoins is limited. Does this mean there is least effect of whale manipulation on bitcoin among all crypto coins ?
The higher the capitalization of the coin (token), the more powerful and richer the manipulators (whales). There are legal entities and individuals who have had a great influence on the price of Bitcoin at different stages of its development.
For example, we can recall the cryptocurrency company Bitfinex and its powerful friends and partners (in 2017). Or adventurers Roger Ver and Jihan Wu (in the fall of 2017). Or Wall Street dealers who introduced Bitcoin futures and declared that Bitcoin would now be under their complete control (2017 - 2018).
Whales - manipulators are trying to influence the price of Bitcoin. But this is not easy, since the coin is decentralized and has a large capitalization.
At present, we can assume that such whales - manipulators are spot ETFs - funds on Bitcoin.
September 28, 2024, 03:34:11 PM
No, there is never least effect of whale manipulation on bitcoin among all crypto coins.
You are wrong for saying there is no least manipulation on Bitcoin. Bitcoin is not like other cryptocurrency that gets manipulated easily and this is why Bitcoin is the most dependable cryptocurrency. Bitcoin also gets manipulated but there is a difference. Manipulating Bitcoin has to be expensive therefore not every whale will want to do that but there are some that tries and do not succeed. I saw a news that an address that mined Bitcoin during the days of Satoshi still being active just move some Bitcoin from the address for the first time, what this news means is the whale is thinking of selling his Bitcoin and this can create panic among other retail investors and they begin to sell causing the price of Bitcoin to fall, this is manipulation because they have cause a reaction that is making people to want to sell.
September 28, 2024, 01:13:39 PM
For this to answer, I will have to break it down for you:
- Whale: someone who is big enough to attack small fishes
- Bitcoin Whale: someone who holds a large amount of Bitcoins
If I remember correctly, there are only 1 Million Bitcoins left on exchanges. If suddenly, someone sell 10% of that which is 100k BTC on an exchange, the price will surely go down. But the chance of someone having 100k BTC is very rare. You can consider Microstrategy a whale as they own 252,220 BTCs as of today. But the chances of them selling it are zero to none.
- Whale: someone who is big enough to attack small fishes
- Bitcoin Whale: someone who holds a large amount of Bitcoins
If I remember correctly, there are only 1 Million Bitcoins left on exchanges. If suddenly, someone sell 10% of that which is 100k BTC on an exchange, the price will surely go down. But the chance of someone having 100k BTC is very rare. You can consider Microstrategy a whale as they own 252,220 BTCs as of today. But the chances of them selling it are zero to none.
September 28, 2024, 12:50:10 PM
No, there is never least effect of whale manipulation on bitcoin among all crypto coins. The " whale " is a new and strange thing in business world. Suddenly, the crypto market went to a very high level. Or come down too fast. No other market or business has this much up and down. And whale is perhaps the beauty and the infrastructure of this business. Because all altcoins are descendants of Bitcoin. Therefore, the vale affects all altcoins. As bitcoin rise all altcoin rise up but as bitcoin come down allialtcoin goes down
September 08, 2024, 09:49:56 AM
Even though bitcoin manipulation is a bit harder than altcoins, but I think whales still prefer to manipulate bitcoin over any altcoin because bitcoin has better liquidity and manipulation is harder to detect. Not to mention, the entire crypto market is still moving with bitcoin, so whales just need to find a way to manipulate bitcoin to be able to manipulate the entire crypto market.
Everyone says bitcoin is hard to manipulate but I think the opposite. Whales and market makers take advantage of bitcoin's high volatility, and they don't even have to put much effort into manipulating it. Sometimes it just takes spreading rumors or positive news like the US government moving most of the bitcoins, Mt.gox selling bitcoins or someone secretly buying bitcoins in large amounts...Just news like that can change things very quickly because they know that the market is very sensitive to news.
Cryptocurrency is a very small market with little regulation, so manipulation occurs more frequently than in other financial markets. But many people still stubbornly believe that bitcoin cannot be manipulated because it is decentralized
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Everyone says bitcoin is hard to manipulate but I think the opposite. Whales and market makers take advantage of bitcoin's high volatility, and they don't even have to put much effort into manipulating it. Sometimes it just takes spreading rumors or positive news like the US government moving most of the bitcoins, Mt.gox selling bitcoins or someone secretly buying bitcoins in large amounts...Just news like that can change things very quickly because they know that the market is very sensitive to news.
Cryptocurrency is a very small market with little regulation, so manipulation occurs more frequently than in other financial markets. But many people still stubbornly believe that bitcoin cannot be manipulated because it is decentralized
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September 08, 2024, 12:08:02 AM
The whale can manipulated but that will be difficult. The situation was different than in a few years ago whereas Bitcoin price is not in a high price so people who has many Bitcoin can moves the price. But now, with the Bitcoin price is at a high price, not many people can move the price. Maybe only those who have a large Bitcoin amount can shake the price but I don't think they will want to do that. But if the whale see a way to manipulate the price, maybe they will do that for their benefit so when they achieve the goals, they will let the market make a decision where to moves. The news plays a big effect that happen in the market so we can see many bad news can effect the market situation and makes many people panic with the bad news.
September 07, 2024, 11:50:21 PM
Although Bitcoin is currently the most used cryptocurrency, whales can still manipulate it. Indeed, recent estimates show that huge investor whales of Bitcoin continue to move markets. For instance, in August 2024, a huge sell order of about 12,000 Bitcoins raised fears over the possibility of market manipulation since large trades can result in huge swings in price.
Large holders of Bitcoin have been gathering large sums of it, and whale activity has gone up in recent times. Based on that event, I think I can take some conclusion that whales can still manipulate the price of Bitcoin. Even though it is true that Bitcoin is less vulnerable to whale manipulation compared to altcoins, it doesn't mean that Bitcoin is 100% invulnerable to be manipulated.
Large holders of Bitcoin have been gathering large sums of it, and whale activity has gone up in recent times. Based on that event, I think I can take some conclusion that whales can still manipulate the price of Bitcoin. Even though it is true that Bitcoin is less vulnerable to whale manipulation compared to altcoins, it doesn't mean that Bitcoin is 100% invulnerable to be manipulated.
September 06, 2024, 04:20:30 PM
Considering it's market cap and the numbers of investors involved, whales manipulation might be a difficult thing to say when it comes to Bitcoin. But we can't overlook the effect of news and rumors. Bitcoin just went below $54K some minutes ago, with no clear information on what happened or who is selling. This is a clear opportunity for few individuals(not sure of who they are) to start passing rumors inorder to push others into selling, so they can buy the dip for themselves.
Whales manipulate the market more when there's fear in the market and the price of Bitcoin is declining, as the market has seen a dip most whales will use this chance to push for fud that'll see the market fall further so they can buy when everybody is panicking to sell. All cryptocurrency gets manipulated by whales but there's less manipulation because of the marketcap of Bitcoin. Whales know that there are many investors waiting for the dip to buy hence their manipulation will be favouring others and not only their own self which isn't what they want because whales are greedy and what to make the most profits from the market through manipulation. To see the whales in full action is to observe some altcoins like newly created altcoins and you can see them manipulating the price. When whales are manipulating the price, don't fall into their trap and be panicking like most people in the market do that don't have experience will be panicking but be buying.
September 06, 2024, 11:15:53 AM
Bitcoin is popular among huge population all over the world while the demand for altcoins is limited. Does this mean there is least effect of whale manipulation on bitcoin among all crypto coins ?
It is not least effect but high effect of whales participating in bitcoin more than altcoins. The demand and supply of bitcoin is high and for altcoin is low. The demand of altcoins whole have high but because high transaction fee couple with the congestion made many investors to leave altcoins. And they have loss enough investors. And from onset many people don't like to invest altcoins because of the nature they portray in the cryptocurrency world. So many investors of cryptocurrency see altcoins as shitcoins. And if you look at the cryptocurrency market cap, you will discover that, many investors in altcoin since last year have not gotten any profit and now that the market is decreasing or going down, they are losing again. 
September 06, 2024, 10:49:47 AM
Bitcoin's popularity and larger market cap do offer some protection against whale manipulation compared to smaller altcoins. However, whales can still influence Bitcoin's price due to its relatively low liquidity compared to traditional financial markets. It's less susceptible than many altcoins, but we shouldn't ignore the potential for large holders to impact the market
Less liquidity than traditional financial markets ? I thought bitcoin has already left behind most of the stocks or offline companies in USA also.
Gold's market capitalization is $17 trillion, the US stock market capitalization is $50 trillion, and the global market capitalization is $109 trillion, while bitcoin's market capitalization is just over $1 trillion and has a liquidity of $30 billion/day. Based on this simple data, do you think Bitcoin's liquidity is has already left behind other traditional markets?
A market capitalization of $1 trillion sounds huge when compared to the GDP of 3rd world countries or small financial institutions. But when compared to other assets or financial markets in the world, bitcoin is very small and even nothing. So it would be naive to say that it cannot be manipulated or is too big to be manipulated. But the advantage of the small cap market is that the growth potential is huge and that means we still have plenty of opportunities to make big profits from bitcoin.
September 06, 2024, 10:47:06 AM
Bitcoin is popular among huge population all over the world while the demand for altcoins is limited. Does this mean there is least effect of whale manipulation on bitcoin among all crypto coins ?
The demand for altcoins is limited because their name is pretty self explanatory: alternative coins. Alternative to what? To bitcoin. If you really believe in cryptocurrencies bitcoin is the clear choice, is you want to take some risks then buy altcoins. Manipulating the bitcoin market is way more difficult today compared to years ago but, in my opinion, there still is manipulation.Considering it's market cap and the numbers of investors involved, whales manipulation might be a difficult thing to say when it comes to Bitcoin. But we can't overlook the effect of news and rumors. Bitcoin just went below $54K some minutes ago, with no clear information on what happened or who is selling. This is a clear opportunity for few individuals(not sure of who they are) to start passing rumors inorder to push others into selling, so they can buy the dip for themselves.
September 06, 2024, 10:31:34 AM
Bitcoin is popular among huge population all over the world while the demand for altcoins is limited. Does this mean there is least effect of whale manipulation on bitcoin among all crypto coins ?
The demand for altcoins is limited because their name is pretty self explanatory: alternative coins. Alternative to what? To bitcoin. If you really believe in cryptocurrencies bitcoin is the clear choice, is you want to take some risks then buy altcoins. Manipulating the bitcoin market is way more difficult today compared to years ago but, in my opinion, there still is manipulation. September 06, 2024, 10:15:57 AM
Bitcoin's popularity and larger market cap do offer some protection against whale manipulation compared to smaller altcoins. However, whales can still influence Bitcoin's price due to its relatively low liquidity compared to traditional financial markets. It's less susceptible than many altcoins, but we shouldn't ignore the potential for large holders to impact the market
Less liquidity than traditional financial markets ? I thought bitcoin has already left behind most of the stocks or offline companies in USA also.
July 29, 2024, 08:41:19 AM
Bitcoin's popularity and larger market cap do offer some protection against whale manipulation compared to smaller altcoins. However, whales can still influence Bitcoin's price due to its relatively low liquidity compared to traditional financial markets. It's less susceptible than many altcoins, but we shouldn't ignore the potential for large holders to impact the market
July 29, 2024, 07:21:50 AM
There are many whale investors of Bitcoin which contributes to every market price crash and pump however they cannot do it alone unlike with some altcoins wherein a single whale could bury a new coin. Factor I guess is its large market cap which represents how many people are having Bitcoin holdings. As long as demand and supply is concerned, big investors will always matter.
I don’t think there is some secret cabal of whales that is holding meetings and deciding when to pump the price of Bitcoin and when to make it drop. Manipulation usually occurs at the small cap level, with newly launched pre-mined tokens. It is not necessarily whales manipulating the price, but sometimes it is developers working with social media influencers and minor celebrities.
Bitcoin is immune from these types of organized pump and dump campaigns, unless you believe the conspiracy theories about Tether printing fake money and creating artificial demand, but I have not seen any convincing evidence of this.
They're most likely multiple groups or just a couple of numbers. I can't agree with Bitcoin's total immunity against price manipulation. Just check on the charts and simply look at long candles on shorter time frames, the answer is there already. However they're not solely responsible of the dumps; it's a combination of big and small investors alongside domino effect. Observe every uptrend; there will always be a consolidation at 'peak' prices because big investors are selling on those lines, and once small investors do the same thing, expect for a continuous decline. Not a new thing by the way. Bitcoin is immune from these types of organized pump and dump campaigns, unless you believe the conspiracy theories about Tether printing fake money and creating artificial demand, but I have not seen any convincing evidence of this.
July 28, 2024, 03:55:59 AM
Bitcoin is popular among huge population all over the world while the demand for altcoins is limited. Does this mean there is least effect of whale manipulation on bitcoin among all crypto coins ?
I would say the opposite than your saying. Bitcoin has biggest marketcap and dominate the cryptocurrency market but I believe there are more people who don't use Bitcoin but use altcoins or invest in altcoins. They don't actually make good decisions because altcoins are more risky for either trading or investment. Holding altcoins in a bear market in one market cycle, which lasts about 2 years is very terrible.Bitcoin can have 70% or 80% correction from its all time high but altcoins have deeper corrections, 90% or 99%. Many of altcoin projects die in bear market because altcoin developers are more easily to abandon their projects, and wait for new trends to create new projects.
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