Do you think whales control bitcoin price

[hani20980]

Do you think whales control bitcoin price or u think they can't i think whales can cause some dump in bitcoin
price but they can't control the market i think they need to have at least 1 million bitcoin and work together to control BTC price

 

[Vladv26]

Whales can control the price of bitcoin but only slightly,meaning they can't make it drop to 100$ for example And they don't need 1 million bitcoins to do that. They just need a couple thousand bitcoins and they can cause some pretty serious damages to bitcoin price if they want to

 

[Niftyyem]

The whales sure can control the price of bitcoin. Their movement of the coin can have either positive or negative effects on the price.

 

[Josemendez]

I believe that in addition to supply and demand , the action of whales affects the price of Bitcoin . When there is a large move of Bitcoin from a whale the price is affected.

 

[Ehizzy1]

Whales can try but the forces of demands and supply is what will determine the price of bitcoin that's just it

 

[Ewogboka]

Whales can because they posses bitcoin in large amount so they easily make profit so they can easily flood the market to reduced the price after they made their profit.

 

[Josemendez]

Whales can because they posses bitcoin in large amount so they easily make profit so they can easily flood the market to reduced the price after they made their profit.

Yeah. That's it , by flooding the market with high Bitcoin , it makes supply to be bigger than demand thus leading to reduction in price of Bitcoin

 

[Peterlight]

So in one word

Yeah. That's it , by flooding the market with high Bitcoin , it makes supply to be bigger than demand thus leading to reduction in price of Bitcoin

Whales are the reason bitcoin is surging high

 

[Ehizzy1]

So in one word

Whales are the reason bitcoin is surging high

I think if its only one whale it would be hard to really influence the price but they could aldo make the ptice very low

 

[Ewogboka]

I think if its only one whale it would be hard to really influence the price but they could aldo make the ptice very low

Only whales can't determine the prices because whales don't transact at the same time neither do they have channels where they make their own decisions.

 

[ivanr01]

It is possible they to control btc price,but not for long. An unknown fact is that for every new wallet creayed,total supply adds 4 more bitcoins.

 

[ahmedo24]

Whales has large influence in the price of Crypto currencies because they posses them in large amount such that when they moved from Crypto to another it affects the price , a combination of miners and bigger Investors influence the Crypto market

 

[Kamon c4]

Can anyone explain what whales means? And how it affects bitcoin?

 

[MastetG]

The role of whales within Bitcoin’s ecosystem remains an incendiary point of discussion because it conflicts with the popular narrative of the rise of cryptocurrencies as a retail phenomenon. In mainstream trading, checks and balances ameliorate the effect of large trading positions on retail markets. But Bitcoin’s relatively short history and haphazard trading patterns present mixed evidence to analysts measuring the impact of large positions on price movements

 

[giddy]

Only whales alone can't, whales coupled with other factors
The emergence of crypto dark pool markets, with anonymous trades and commingled funds, has added more wrinkles to price analysis in crypto markets. Technically, these markets are not supposed to have an impact on price; however, given the limited numbers and price volatility of most cryptoassets, it is doubtful that investors will pass up an opportunity to profit from the asset class.