Although many factors can affect the volatility of crypto prices, one factor is purely caused by speculators or whales' strategies to take big profits. Whales can be interpreted as individuals or institutions that have certain coins in large quantities (at least 10% of the total supply). Every activity/transaction will greatly affect the price. There are many ways or schemes that whales can use to manipulate the market. In your opinion, how do whales manipulate the crypto market so they can take big profits.
How do whales manipulate Crypto?
- Thread starter Suba
- Start date
Whales have groups on social media platforms like WhatsApp or telegram. Whenever they want to manipulate the market all of them buy a particular cryptocurrency at the same time and you will see the prices fluctuating. Sometimes they will also sell at the same time in order to bring the price down. Big institutions and exchanges like binance also manipulate the market.
The real whales rarely gang up to do this. This is mainly a way of making money by smaller pump and dump groups. It's also used by those who trade shitcoins.
They tend to manipulate cryptocurrency market by liquidating their assets and buying the dip as well. These are two very common methods to control the market.
Who told you?. the big whales always understand the market and they have a way of manipulating it. I am very sure that they gang up.
Probably, I believe they have an association whereby they can decide to manipulate the market at any time they want. They actually have total control of the market.
Whales easily manipulate the value of assets by pumping more funds in it. This would prompted the value to go up and forced the traders to invest more on the assets. Immediately this is done, the whe whales would withdraw their funds with the interest which would result into the dropping of the assets.
Probably, they usually do this in many cryptocurrency exchange platforms. I have experienced some of it before. The bigger whales may not have time for such but if you follow their movement you will make profit from cryptocurrency generally.
sometimes I think they always plan when to sell at once. Whenever they start selling the price will fall including Bitcoin.
You might be true with that because it has once happened to ripple that made them received a law suit
They are the major determinants of financial markets. They actions determine the movement of the assets values. That is why is advisable not to move with the noise created by an asset.
That is actually the truth. Sometimes they also plan to create bad news in order to bring a lot of panic in the market. It is one of the ways they use to manipulate the market.
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Yeah, I believe trying as much as possible to follow the whales will make you profitable. This is why fundamental analysis is very important.
But creating of bad news is for the new coin that might later become scam.
they also create bad news generally for the crypto market. Most of the coins usually crash including Bitcoin.
