Is it possible to reduce the impact of crypto whales?

[Bobcrypto]

I have been thinking that the decision of rising and falling of the values of most coins/tokens is always between the whales, though the anonymous neture of crypto has made it almost impossible for most of us, at least to have a close discussion with some whales on  price control co-operations. What do you think?

[Niteroy]

For the entire 2018, the whales increased the volume of their crypto wallets, so we can assume that due to this their influence on the crypto market has increased. But in the future, with the growing popularity of cryptocurrency among people, the overall capitalization of the crypto market and such coins as Bitcoin, Ethereum will increase, and in this case, the influence of whales will be less significant than now, when the capitalization is very low.

[paolobaltimori]

It's years that whales have a crucial role in crypto market and this will not change in next future

[tamango]

I think that the only way to reduce whales power is to increase market capitalization, in that way there will be less "BIG" wales relative because they will need more capital to make BIG transactions..but this is not so easy and market is not growing in these months so I expect to see that nothing will change in next future.

[tsakf]

I think that the only way to reduce whales power is to increase market capitalization, in that way there will be less "BIG" wales relative because they will need more capital to make BIG transactions..but this is not so easy and market is not growing in these months so I expect to see that nothing will change in next future.

BIG whales have power, when lot of small players are away from the market. Not only capitalization will decrease the power of whales, but also, a growing user base, which is much better than capitalization. In the years to come, we will see more and more people jumping in the cryptocurrency world. Whales will get smaller and smaller.

[khufuking]

There is not so much an individual can do about this, whales only lose power on certain coin when they can't obtain big % of this particular coin and sadly in 2018 whales gained a big ground because I believe they obtained so much from top coins during the dipping period, while this might be a good thing because they will push the market up later so they can make profit but it is bad  thing in the long run because that means they have more control now, nothing really can be done to prevent this, it is a decentralized market, after all, so we can't really control who has how much.

[Nautilus]

It is possible only for some coins which has very low market cap by accumulating more and more. This might give opportunity to make you a whale of that coin either.

[bubblebubble]

In my opinion it is impossible limit whale power, unless adoption became neural and so liquidity increases.
We have to wait before this happens.

[MuTu]

Money is always right. When a large whale invests a large amount of money, it will shake the market and impact small players. be patient, hold and always monitor the crypto market.

[diygirl]

I also ever think about it. Is that kind of big impact by the whales? Of course yes, the whales bring the big impact because they hold the big coins and investment. they can hold the market and control this market. However, to reduce the impact, probably we don't need to be driven by the market. where when they make this market fall, never follow to panic and then sell out our coins.

[JaymondStark]

Well, I don't think we can reduce the power of a whale. But maybe some other whales might help us with that.

[Zed0X]

What do you mean "close discussion with some whales on price control"?
Has there been anyone who openly admitted they are a whale?
Are you talking about having a group similar to pump and dump when you mentioned price control?

[Jacky]

~snip~ at least to have a close discussion with some whales on  price control co-operations.

How to do the close discussion? I am doubt it can be applied since we don't know which one is the real whale. And in what way we can invite them to discuss. On the other hand, pump and dump are very useful and result much profits for them. It will be difficult to advise them to leave the two activities. 

[fallenangel1789]

Apart from an increase at market capitalization and number of small investors, an increase in the number of holders is also another way of reducing the impact of whales. But there are too many weak hands.

[sixexgames]

The thing is whales keep getting bigger and bigger and people follow their trades. Some of them turn out well but many people panic sell and basically get their crypto stolen from them.