Quote from: awik p on October 11, 2018, 03:20:55 AM

Quote from: drachman on October 11, 2018, 03:09:13 AM

Quote from: AvenG on October 08, 2018, 12:26:09 PM

I agree that whales manipulate the market. It is profitable for them that people sell coins at low positions. That's how they make money.

I have no doubt that the whales manipulate the market, that is true but there is a limit to the amount of manipulation that they can do, they cannot create bull markets or bear markets only by themselves, at most they can make the price of bitcoin go up or go down a few hundred dollars and then benefit out of it by selling at the top but that is it.

of course whales must get support from the news. so it is not uncommon for them to create a news to support their business. at this time we can see that prices are back down. and hopefully no one panics, because it is approaching the end of the year

That is another form of manipulation and I have no doubt that the whales are participant of it as well, but in that field they have a lot of competition because as know governments are trying to use the media to stop the adoption of bitcoin and they have done this with some success, so even if the whales try to influence the market that way I am not so sure how effective they can be.