Topic: Whales and the bull/bear market - page 2. (Read 358 times)

If those whales conspire with each other to intentionally bring the entire market down, I think they can. But the question is, are they doing that? I don't think so.

So the most that a whale could possibly do is to trigger the sell season by dumping all of his/her billions worth of Bitcoin at once in the market. That would definitely affect the price. This will cause a lot of negative speculation and rumors and FUD. As a result, the spaghetti hands would emotionally react to the sudden plunge in the price and would immediately create their own sell orders. This is going to cause more damage to the market than the initial action done by a whale.


Buying low and selling high is a thing in Bitcoin. There are others who purely HODL but there are also countless others who buy and sell and make a profit not just in terms of fiat value but also in terms of Bitcoin. That's regardless if you're a whale or a mere fingerling.

I don't think many whales treat Bitcoin accumulation as the be-all and end-all. How many whales truly believe in the future of Bitcoin as it is? How many of them are just riding the hype just to grow their wealth? How many of them are just avoiding the dying fiat without ever understanding or perhaps believing the fundamental philosophies of Bitcoin?

They can dump as much as they can but they'll eventually buy back those sold bitcoins they've got cheaper.

That's the strategy that they do and not just because they've sold, means that we're already in the bearish market. Not that easy because it takes time before going back to the bears and they will still take advantage of it.

Bears are
1) Its more of a combination. Whales (Institutional investors), market-makers (those who keep the volatility going) and media (Those that create the bad news) have a strong ability to manipulate the market. But its the panic reaction to it that actually fullfills the plan.

2) Institutional investors, those with big accounts actually adopt different strategies, it really depends. You cant say any whale is the same. There are some who keep on buy the dips and never sell. And others who manipulate markets by breaking support lines and stimulating larger sell offs. Accumulation happens in most cases at significant support zones.

Sometimes reading some news will make you doubt if it is really true and the sole purpose of releasing it is to create a FUD to let the market decline then buy during the dip. But with this recent decline I don't think there will be a recovery to get back to $50k it seems like the bear is coming.

Although I'm still very bullish with the market but it seems like a bear is coming since Bitcoin price gradually declining every week and I hope it won't go down below the $30k support. When that's going to happen a clear line of bear market is coming even if I am bullish I can't stop people from selling once they swayed with the FUD news.

This seems relatively easy, but it's a lot like gambling with huge risks involved. 24 hour volume sometimes would swallow a similar amount of Bitcoin would minimal effect. Market sentiments are what influenithe price most, if the bull is in effect, manipulations would have little effect, but in a panic season, people are more susceptible to FUDs.

In another scenario, a whale could also:
- sell 100BTC at $40,000
- the price rises to $50,000
- loss (if they buy back) = $10,000 per BTC = $1,000,000

If whales are going to sell a large amount it definitely makes a big impact on the market, most traders will panic and sold their holdings thinking that something big will happen, by doing this whales can take profit with what they sold and bought the coin for a cheaper price and wait for another opportunity, it's like small traders are getting played in their hands, that's why it's very important to check and read what's going on in the market because you might lose everything if you are not careful.

Bitcoin market is quite leveraged, so an individual trader with deep pockets can have as much influence as a big whale if they decide to use leverage. And exchanges like Binance allow x100 leverage or even more. This is what has been happening in this bull run - many coins were traded with leverage, so when some movement started, it could go a long way due to cascading liquidations.

I don't believe whales alone can move the market. If it was so, why was the market stagnating for so many years? Why were they not pumping and dumping if they had the power to do so?

Manipulations are cause of flips between supports and resistances. Strong support will become resistances with manipulations. Strong resistances will be broken and become a new support with manipulations.

News help manipulations. Whales control price and they don't need price to rise 100% (x2) to double their balance. 10 times with 10 % for each when the crowd are uncertain about the market will be enough for whales.

A coordinated sale where whales dump thousands of Bitcoins around the same time coupled with a series of negative events that impact the price of bitcoin can significantly hit the price. There have been various reports that big investors did just that in the recent few weeks. I usually don't pay close attention to stuff like that, but if we consider that the majority are in it for the sole goal of making as much money as possible, why wouldn't there by coordinated sell-offs? Sell at a high, wait for panic to spread for the value to drop even more, and buy back when prices drop to a point you feel comfortable to step back in.    

Money is power, and if you have money (fiat) and enough BTC you can definitely influence the crypto market and direct it where you want. If you look at the last few days, the price ranges between $30 000 and $40 000 - and some certainly profit from that because they sell near the upper limit, break the price and then buy as close as possible to the lower limit.

When you talk about big profits, you should know that this is not about someone selling or buying 0.02 BTC or similar, but that this is also about real whales that have hundreds or thousands of BTC - so the calculation would be something like this :

- sell 100 BTC at $40 000
- buy 100 BTC at $30 000
- profit = $10 000 per 1 BTC = $1 000 000

In short, do this only once, and you still have 100 BTC and $1 million in profit minus taxes of course.

They definitely have a certain impact on the market, but only in a time where the market is ready to go down again as previous cycles suggest. There is no way they would be able to have any impact if we were on the incline of a cycle. So in a sense, their doing is only one part of the equation and therefore does not impact significantly.

Generally things like technical analysis seem to work much better in the times we're in a bull run so I doubt the whales can move much price wise and are probably trading based on technicals or not trading at all.

They may have the power to move the price somewhat but I don't think it's worth the risk to them or the effort unless they spot something in the order book that looks manipulatable (for example the larger movements that occur on weekends).

So do the whales have the ability to dump us into a bear market on their own?

They would be able to buy cheap Bitcoin but if we're in a bear market they can't sell for huge profits (and then rinse and repeat) until the next bull run. Or is Bitcoin accumulation the be all end all for them?