Do whales manipulate the market or it is some sort of myth?

[Domithra]

The crypto market is affected by many factors at a point in time. Most of the leaps and fall in prices come with obvious reasons such as the news of a big company integrating Bitcoin into their payment systems or a country adopting and legalizing Bitcoin. In some events, there is fall when an exchange site is hacked.
However, there are times when the market suddenly rises or falls without an reason or news. During these times, it becomes obvious that the whales who have great influence are on the market manipulating it to gain much profit.

[Zed0X]

Whales market manipulation is not a myth. It exist in various exchanges. However, the sudden rise of a certain altcoin can also be attributed to some telegram or discord pump groups who are not exactly whales.

[Filo]

Do you think some whales know and colloborate with eachother? Is there such an organization? Only a whale can be reason falls and rises? I think they shared market among themselves.

[Fakodsaja]

if I think the possibility is correct, bro. because of the world of cryiptocurrency. can be controlled by people who have large amounts of money. because they are people who can control the market situation

[moonking]

The crypto market is affected by many factors at a point in time. Most of the leaps and fall in prices come with obvious reasons such as the news of a big company integrating Bitcoin into their payment systems or a country adopting and legalizing Bitcoin. In some events, there is fall when an exchange site is hacked.
However, there are times when the market suddenly rises or falls without an reason or news. During these times, it becomes obvious that the whales who have great influence are on the market manipulating it to gain much profit.

I think its just how the concept of a market was made from the beginning, to allow big money to have advantage.  However whales can still make mistakes, and someone else with huge amounts of money will likely profit of them as well. 

[DogeTalk]

Manipulation in the crypto business can happen. Crypto prices are influenced by several things such as community, news and whales. This can affect the price and number of crypto enthusiasts.

[axiline]

I think that's exactly what happens. The market is very unstable to manipulation. I hope this time they plan to start growing, otherwise many will simply lose faith in cryptocurrency.

[Morrower]

All of us manipulate the market somehow, but at a lower rates.
Of course people who invest tens of thousands in any coin affect it more than others do.
So that's the answer to your question.

[Master107]

In business low profile and high profit investors could be in the circle. Usually, high profile investors hold the highest percentages from the profit and the low profile investors hold the lowest percentage. Big whales is not a myth rather it exist anywhere where business is there.

[JSD10M]

Someone who has thousands of bitcoins can definitely manipulate a market temporarily so it is not some sort of a myth.

[xeroz]

I think it is not a myth. If a group of people have a large number of tokens or coins, they can be easier to manipulate the market. Whales have their group or community, they may work together, they are very possible to make a change in a market or exchanges. I have seen many sources and discussion that explained or investigated about the power of whales. The conclusions are almost the same, they stated whales may be the main factor that make a big change in crypto market.

[Claus]

For me, I think they manipulate the market and this is because anytime you hear that the whales are going to change the market it inevitably comes to pass so I think they are the ones that manipulate the market.