Topic: The Whales; Myth or not (Read 706 times)
yes, the amount of whales is increasing, they control a big amount of bitcoin, and they has a big impact on the market
Whales certainly exist, their impact on the market is very noticeable. Even yesterday, a sharp increase in the bitcoin exchange rate was clearly seen. On Bitfinex it was as much as $ 7250 and on Bittrex — $7073 . Of course it is evident that this was done by the whales
Whales are always there, but their game is very clean. He can have thousands of bitcoin addresses and control them every day.
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The whales still waiting for the best time to makes the price increase and perhaps, some of them trying to lift the price step by step. And if the right time comes, then the price will start to increase. They don't tell anybody when they move but if we can analyze the market, I think we can see that they are trying to break every higher price. Some of them stay in the crypto market for a long time ago and still there and gives surprise to new people and sometimes, they make that person to panic 
Whales are very much real and they usually controls huge amount of BTC (as we are talking BTC investment.)
That is correct! Market is directly or indirectly influenced by the presence of these big whales. Usually they hold a good percentage of market share and therefore that has a bearing on the prices of the market. They have an influential role in the market.
P.S.: It is difficult to identify these people but secretly or in whatever way, they tend to affect the market!
There are two types of whales the one you were talking about was just the basic type of whale while the other one are those who knows how to play the game. Of course if they can dump the price they can easily pump it up also when they wanted to and when some of the smaller traders goes with the flow then the impact is really high.
Exactly when they know how to take advantage of their asset they can play the game. Everything that those whales decides are affecting the market whether we like it or not.
The concept of whales is not limited to individuals. Some companies are considered big whales such as[ Coinbase & Bitman.] and some wallets which can play this role.
In the end, the goal is to achieve interests even if this causes some harm. Just like what happened with Bitcoin at the end of last year, "Spamming network for BCH" or companies trying to change it into a central currency and operating as an international bank. "Coinbase, ETF" Or conservative do not want to support the market to reduce prices.
So whales are there, and they can change some rules of the game.
In the end, the goal is to achieve interests even if this causes some harm. Just like what happened with Bitcoin at the end of last year, "Spamming network for BCH" or companies trying to change it into a central currency and operating as an international bank. "Coinbase, ETF" Or conservative do not want to support the market to reduce prices.
So whales are there, and they can change some rules of the game.
Exactly when they know how to take advantage of their asset they can play the game. Everything that those whales decides are affecting the market whether we like it or not.
Whales are not a myth. They exist, just so happened that you don't know them because they are the early adopters of Bitcoin. The market speaks for them, you won't see the market go up and down sharply if there is no whales behind it.
Yap they are real but I just don't agree that they are all early adopters. Some could be formed in the last 2-3 years. Whales are just like importers and trader who hoards supplies to increase the demand and it's price so basically those whales exist in every industry where they can easily manipulate with their money.
Whales are not a myth. They exist, just so happened that you don't know them because they are the early adopters of Bitcoin. The market speaks for them, you won't see the market go up and down sharply if there is no whales behind it.
Handling emotions is really important especially when whales attacked the market With their powers. This is an old issue but really true. Whales are always there, waiting for the right timing to do their job and claim all the wins for sure.
it is quite likely that no whales exist, and people themselves have come up with this theory in order to somehow explain what is happening in the cryptocurrency market
This so called whales are those lucky ones also who invest in these tokens or coins early when the price is still at 1 gwei or 1 sats.Some are translators and bounty managers I think. But mostly day traders affect the price so much everyday.
Big whales come together and decide if they want to buy new ICO or some coin at the lowest price and then due to high volume of purchasing the price quickly starts to rise due to their buying volume and as a result on high price they exit the market by making money.
I personally believe whales is exist although i still cannot provide the evidence that they are really exist but with these high of volatility from crypto market then i think whales are controlling the market and until whenever they will do that to get their own benefit and the whales always be give strong influence from their movement that for upcoming dumped or pumped
Whales are very much real and they usually controls huge amount of BTC (as we are talking BTC investment.)
Totally agree with you, however it's still questionable, to what extent can they manipulate the market, as doing daytrading with such amounts is an extremely risky business for the whales themselves.
Whales are 100% true and real. Because I think everyone noticed - how often the price of cryptocurrency changes without a reason
Whales ain't a myth, take the stats for last 6 (example of a small time period) months. Take the chart, 33% of heavy wallets are traders.
When you're panicking and selling, it ain't manipulation.
When you're panicking and selling, it ain't manipulation.
So far, I have ignored the existence of market manipulation by the popes, I just followed the development of the current market value, not too greedy for big profits which resulted in a tumble. Stay calm and see some new information that will come.
I prefer to rely only on my analysis. We can assume that this is true, but there may be different factors. Emotions are generally worth putting aside in this business.
I strongly believe there are wahles and the majorly controls what happened most times I'm different ways. Whales are individuals that have copious possessions of Bitcoin such that when they buy or sell in a market, the effect is greatly known.
Until now I don't understand who WHALES cryptocurrency market is, the term is attached to them because they contribute to changes in market price movements whether those who invest in large quantities will be said by the whales ...?
Whales in crypto market is certainly true. Whales are big time investor in crypto market who we're able to get value of crypto in low price and they can definitely affect market movement specially when they started to dump that will cause a plunge.
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