Quote from: VitKoyn on February 19, 2018, 11:31:45 AM

Quote from: worldtraveller321 on February 19, 2018, 12:49:56 AM

Do you think BTC and other coins that are major, their average prices are held by the Whales. Who really control the market?
they let it move or at least trigger buy and sell reactions from investors.

they know they could bring BTC to 1 dollar if they want, but wont cause too much is at stake?

your thoughts?

Whales can only control the price of a market with small volume like most of altcoins but they cannot control a cryptocurrency price if it has a huge volume or if it has lots of investors like Bitcoin but since cryptocurrency prices are determined by the demand and supply, of course whales can still affect the price to drop if they will sell all of their coins and that can also be a cause for small investors to have fear that the price will continue to fall and will decide to also sell their coins, this is why whales play a major role in all kinds of market.

If the whales have the ability to manipulate the price of btc then what they are doing is I think have a good reasons. It's also normal that price in the market should not be stable so that buying and selling will continue for purpose of being fair to other coins/altcoins.