Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: alltalk on September 16, 2018, 08:00:21 AM

Title: How important the existence of whales?
Post by: alltalk on September 16, 2018, 08:00:21 AM
Whales have so much BTC. That's why they are possibly to manipulate crypto market. Whales also understand well and take more attention about the price of BTC, and they drive price much more than the speculators do. They have a big influence on market buying and selling activities. My question: Can you imagine if whales left the market? Will it bring positive or negative impacts for the market trends? Let's discuss.
Title: Re: How important the existence of whales?
Post by: dominoes on September 16, 2018, 04:35:01 PM
Whales seems a curse but actually they aren't specifically when they turn the price of bitcoin from decline into massive bull run. Everybody will celebrate the market condition. However, if they left there will have a shortage impact.
Title: Re: How important the existence of whales?
Post by: Munareal on September 16, 2018, 07:27:40 PM
Whales play a crucial role in the crypto currencies marketplace because they manipulate the market and bluff with fake sell walls to crash the price of a coin or sell too cheap in order to cause panic and buy back  cheaper. I see them as necessary evils as they make the market go round. Their actions causes loss and profits for investors.
Title: Re: How important the existence of whales?
Post by: sugarchrisp on September 16, 2018, 10:00:06 PM
It's important that whales exist, because the market needs a lot of big players with lots of currency in order to attract new money to it.  The manipulation has definitely got to stop though, they are out of hand this past year just constantly manipulating the price and squeezing out weak hands.
Title: Re: How important the existence of whales?
Post by: MelchiZedek on September 16, 2018, 10:50:57 PM
Though bitcoin is built on the idea of decentralization, there should be a form of centralization to control the circulation of the coin. And it is the whales who are performing this function. Without them, the whole system would crash and the price of bitcoin would be more volatile than what we are seeing.
Title: Re: How important the existence of whales?
Post by: Quart on September 17, 2018, 12:19:07 AM
Whales is an important part in crypto system. They make BTC to become valuable and have high rate. If they left the market, the demand for BTC will decrease rapidly. And finally the price of BTC falls down.   
Title: Re: How important the existence of whales?
Post by: Bolasodok86 on September 17, 2018, 05:19:03 PM
the existence of whales for bitcoin is very important in price increases, because we know for ourselves without whales that bitcoin will be difficult to increase prices.
Title: Re: How important the existence of whales?
Post by: expander on September 19, 2018, 04:16:06 AM
If the whales leave the market after selling their assets on a large scale, then I make sure the price of crypto will drop dramatically. Price recovery is also very difficult, especially if crypto is only purchased by individuals with small amounts.