Whales Still Control Leading Coins, Most Tokens

[Brushless4500KV 4214]

It is always said that cryptocurrency is a decentralized payment system which is in control of no one but human beings will manipulate anything at last! It has been like this many years ago. Those who had more investment would control the market and this is what happens with stock market either. Bitcoin was invented not to be mined in unlimited amounts and this was decided to fight against inflation but Nakamoto had never thought about what whales can do. They can cause inflation by locking (holding) a huge amount of bitcoin in their wallets. If miners could mine more BTC to keep up with the demand, then whales could not affect the market. But whales can cause positive effects too because they start sudden bull runs.

[Badhon420 126]

Whales activity is normally manipulated markets, the can produce influx right into prominent crypto to generate supply/ marketplace demand achieve. Individuals construct gossips and additionally trap to earn an extremely fast point of view and additionally earn most people construct business deal lacking computation. Already, great becoming familiar with approximate whales differs using all of the customers I am aware of, you should be conscientious employing modification as some of them actually in that respect there.

[andrehol 16294]

I do not see any danger for BTC, LTC, ETH, BCH. to control them, you need a conspiracy of hundreds of whales! Is it possible? How can this conspiracy be implemented?

[mani982 286]

This is right that waheesl  control most coins in crypto market .Because they have All good coin in big amount when they want to push coin buy in huge quantity and when wand to dump they sell big amount.

[Opinder 1310]

Yes, most of the top coins are still affected by whales. Ethereum dropped $30 in few hours one month ago when one whale sold huge amount of eth on an exchange. Crypto coins will always be manipulated by whales.

[el-Muhammady 718]

Sure the whale helps in marketplace to be the price at continual duty and I meditate the group of whales may be conclude the use of coins and hence whales is help for market.

[Irungu 4299]

I have never know how  whales work but to see the truth is there is something that is to  control in this market there are so many people who do so, this is by controlling the investors mind, if you look at it, we are the investors and if you start a site where you send signals and they are relevant you get to earn something, I have seen feeds that tell of certain positions people are taking such as  a certain amount of bitcoin has been sent to a certain positions and so people would buy that coin.

[BTC Future 3946]

Wealth inequality in crypto is a main thread towards adoption and creates terms for market manipulation. Even the movement of a large amount of coins from wallet to wallet can create significant price volatility, as bots pick these moves and trade accordingly. It is something that has been discussed a lot and the conclussions are not encouraging. Still the whales most of the times have the same target as the rest of us. To accumulate and help the growth of price, along with adoption of crypto.

[Amirul Islam 382]

On 12/21/2019 at 11:14 AM, BucksRush said:

Most of the leading coins are still held by a small group of whales, and have not reached significantly wide adoption, a new report by Clovr shows. The discovery shows whales control the tokens even after accounting for exchange wallets.

In the case of Litecoin (LTC), just 189 addresses with high net worth could end up with more than 50% of the coins. LTC is not a proof-of-stake coin, so ownership is not as important, but still the wealth inequality is significant.

For Ethereum (ETH), just 322 “whale” wallets contain more than 50% of coins - a serious implication, given ETH will aim to include staking in its future upgrades.

The situation is a bit better with Bitcoin Cash (BCH), which is more widely distributed, to more than 1,000 wallets. But some of the BCH wallets may be a legacy from the hard fork, not deliberately chosen.

As for Bitcoin (BTC), 4,545 wallets contain more than 50% of coins. This includes exchanges, as well as older “whales” where the coins are not even moving. Rough estimates see about 3 million BTC locked forever for various reasons.

When it comes to tokens, the situation is even worse. Even leading assets with a significant wealth distribution program end up with more than 70% of their supply in the hands of leading wallets.

“The tokens that showed the greatest concentration of wealth in the fewest addresses were all tokens that have relatively small market capitalization – $100 million or less,” the study revealed.

The risks of “top-heaviness” is different for each asset, and buying a token or coin is a matter of performing research each time. The highest risk for some tokens is that the founders or developer team may attempt to sell the asset to naive investors.

The risk of big exchange wallets is a separate matter, as markets pose a risk for stealing from the hot wallet. For some smaller coins, storing most of the supply on exchanges has led to losses if the exchange decided to close.

For any massive crash of crypto price whales are the main occused. Because in the crypto there are too low marketcap. That's why any big investors can manipulate the market easily.

[Honny143 13612]

big whales reallycontrolsl leading coins and tokens, because they have huge money so they buy majority if leading coins are tokens, then they decides what to do in market, because when they want earn more money they start buying coins and temporary create the situation this coin prices is high then they sell their coins, when they earn profit they leave the market immediately, this way they manipulate crypto market but I think this big whales are good, because they increase coin prices and we also earn some profit.

[tienda 8776]

I think the wales are concentrate to the Bitcoin more than to other Altcoins, because they know that when they control Bitcoin movement the other coins will follow the way, because all depend about Bitcoin price.

[Brushless4500KV 4214]

It is better to stop complaining about whales because we can't stop them. I prefer to learn how to cope with whales rather than getting upset by their manipulations. However, the effect of whales on the coins is not always negative. I remember a few years ago, I wanted to buy some bitcoin but the prices were extremely high. Whales caused the market to drop and I could join it. This was a positive effect for me. I learned not to blame whales all the time. Whales are similar to big fluctuations (either up or down). Learn how you should handle big changes during your trades.

[Bohana 2143]

Whales control the market, but they don't have full control. The demands on a certain cryptocurrency have a big role in controlling the price too

[CryptoMaxim 3829]

On 05.03.2020 at 07:59, Feckless said:

All Currency arround the world $etc is controled by whales like Crypto Currency, i think this is the normal becouse the whales have a big lot of money, becouse that all beginners trader must concentrait in trading with scalping strategy.

Probably because of this control, they manage prices. And in this case, they earn on deliberate pumps and dumps.

[Captain Karim 0]

Do you know what is funny in this discussion, what is funny is that those who have all these ratios of cryptocurrencies from Bitcoin, Ethereum, Bitcoin Cash and Litecoin are ultimately the same people, I read a previous report that 95% of the world's wealth is owned by 5% of people and This ratio does not allow any asset or investment to be taken out of its hold.

[Razan alikac 1899]

Yes, we all know that whales control markets and manipulate them as they wish, but I see this useful, and this is what drives the currency market and makes them volatile and unstable, and in this we can gain some profits from this control, but we have to be wise and cautious

[Jessica Karren 1242]

Exactly, it's the job of big whales to control the big coins because they are the king in this technology and it's good that the price of Bitcoin always fluctuates. Without this, we can't make profit.

[Shaza Ahmad 1682]

An interesting article, thank you, I think that the cryptocurrencies are concentrated in the hands of very few whales according to the numbers I mentioned, this is very dangerous, because these can go the market to the bottom if they empty their wallet.

[Zaino34 0]

Yes, you are right in that the whales control the price by pumping large amounts of currency and playing with the movement of the market and the prices of digital currencies, so they have a big role in determining the price of the digital currency

[magd 5231]

Their name is whales because they have a lot of cryptocurrencies and therefore it is very natural for them to have the ability to control the prices of the main cryptocurrencies as they can simply control the sale process and they will monopolize the currencies and create turmoil in the market

[Rezort 846]

Whales do actually control some part of the market but I don't believe that they can actually change the prices very easy, maybe I am blind and they can do this, only they know.

[BrolySSJ 7899]

the whales are those that hold a lot of a coin and i think that they are good in a market because it will hold the value of the coin and the coin can be relatively stable in this way, however i also think that whales are bad because they have the power to manipulate the market. If all the whales decide to sell a coin at the same time the price of that coin will drop significantly and it may not survive very long to be honest.

[TimopheyKa 3900]

Thank you very much for this information, it is very relevant! I believe that the market is very much controlled by various whales, also hamsters, but whales eat hamsters, and thus the hamsters lose their money, and the whales get rich!

[CryptoLover21 0]

I haven't use whale strategy for trading and investing the cryptocurrency. I will use this idea in the future days but a lot of traders are gaining a lot of profit from whale alert because whale alerts about the large number of coin being traded which will definitely affect the price of the coin.

[detkyler 50]

whales is cryptomarket manipulators. they dominate crypto to get curve on suply/demand that they want. they spread rumors and fakes to get their wallets bigger