ceastem Posted July 5, 2019 #1 Posted July 5, 2019 I have heard before that whales can freely fluctuate the price of bitcoin by selling their huge stock of coins then the price will go down. Then they can buy it again but with lower price and it will go up again to its previous price. They end up having huge profits because even 1% of their stock usually involve hundreds of thousands of dollars. If this is true, why don't they do it like the whole day or something. Wouldn't they get huge profit off of this from that? Sorry if this is a newbie question, but I really wonder why.
cointikka Posted July 5, 2019 #2 Posted July 5, 2019 Yes you are right they really can manipulate the market. They are in groups and do this quiet often. That being said there is also a high risk involved. If two groups decide they want to sell their share of Bitcoin and if another group sell their share after the first one did then they both will suffer losses. It is not possible to do it everyday. They have to come into an understanding and then only they can do it. Generally it is done to either create a panic or boost the confidence of small Investors.
barbaris Posted July 5, 2019 #3 Posted July 5, 2019 The risk in this matter is too great and nobody can be trusted in this kind of business, so I think that they, too, are afraid of something and do not want to be in a constant state of danger of losing a lot. After all, many other whales who are happy to swallow their competitors.
williamshennie9 Posted July 5, 2019 #4 Posted July 5, 2019 They do it whole day. Think about this, if you have 1% of bitcoin, that is (17,798,900 *0.01) 177,989 bitcoins. Even if you have that many bitcoins, you can't single handedly manipulate the market. So just because someone is a whale, they can't change the market alone, they need the help of other whales, and we don't know who the whales out there are...
cryptofly Posted July 5, 2019 #5 Posted July 5, 2019 Manipulation of market is a common practice in most of share markets, Bitcoin is not save about it. But yes, as cointika just mentioned above, the risk they have is when other whale group does the opposite and makes the whale trying to manipulate get a big loss; I don`t know if among whales they communicate what they are about to do but in many occasions I saw that, most of price fluctuation comes with the news around the market. I don`t know also if manipulate a market like bitcoin is against the law. That will be very helpful to know. Good luck.
akmal1984 Posted July 7, 2019 #6 Posted July 7, 2019 If in my opinion, those who have large funds really want their investment in the crypto exchange to last for the long term. So they always get used to just taking a little profit every time the price of a coin goes up or down. If they do it full time in 1 day or 2 days then it's only a momentary advantage.
slk78 Posted September 18, 2019 #7 Posted September 18, 2019 most likely this happens all the time, so the course jumps, and who said that they rarely do this?
iamsheikhadil Posted September 18, 2019 #8 Posted September 18, 2019 On 7/5/2019 at 7:40 PM, ceastem said: I have heard before that whales can freely fluctuate the price of bitcoin by selling their huge stock of coins then the price will go down. Then they can buy it again but with lower price and it will go up again to its previous price. They end up having huge profits because even 1% of their stock usually involve hundreds of thousands of dollars. If this is true, why don't they do it like the whole day or something. Wouldn't they get huge profit off of this from that? Sorry if this is a newbie question, but I really wonder why. If you do anything too often, it becomes obvious and it can be frowned upon by many new investors. You may think that new investors or non-whale investors play no role but that's not the case, when you collect the funds of all newbie and non-whale traders, it's a huge portion, and if it becomes to obvious that a pump and dump stuff is going on, those that panic sell won't do it and hence killing the cycle altogether
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