Topic: Is there least effect of whale manipulation on bitcoin among all crypto coins ? - page 3. (Read 525 times)

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).

Yes the amount for a whales to actually manipulate bitcoin will probably be huge very huge amount that a single whale cannot have. According to CoinMarketCap the market cap for bitcoin is around $1.14T, so imagine the amount needed to move the bitcoin market by a single while. According to reports you can’t have a single whale or institution holding at least 5% of Bitcoin circulating supply. In Altcoins most especially those that uses POS you have a validators who are mostly big whales and this are people that in real sense can manipulate the market. So the market cap for Altcoins and number of holders which is relatively small compared to bitcoin sets them up easily to be manipulated than bitcoin.


I can’t say for sure but with 80% certainty I can tell your that almost everyone who holds  actually uses hold a fraction of bitcoin for security purposes, except those that are gambling on some low cap memecoins. Reason why OP said many people use bitcoin than Altcoins is the fact the Altcoins are many and not a single entity like bitcoin. Some can be holding Solana and never holds ETH or some ETH holders can never hold BNB which is different from Bitcoin.

As for correction we all see the effect of bitcoin on all other Altcoins, bitcoin can never go as low as 70% if you ask me, a move down to that point definitely killing almost all the Altcoins available.

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.

The more the marketcap in relation to the more the people that are buying and selling, the less the manipulation. Yes, there is least of whales manipulation if it is about bitcoin. I do not think bitcoin market can easily be manipulated unlike most altcoins that just few whales can control their market prices.

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 ?