Well, you gotta respect them, because without them Bitcoin won't reach this far. Though it's true that they can do whatever they want to affect the market If they do massive transactions, but they have no full control over the market.
What makes you think that Bitcoin wouldn't reach where it is now if whales didn't exist? All whales do is hold coins, pump and dump. I don't "whales" participate in active development.
Again, thanks to the whales for retaining/holding their massive bags.
And will you still be thanking them if they start selling their "massive bags" that you are talking about?
-snip-
Will they control more than half or even more of the 21 million Bitcoins?
They never will be able to control more than half or 21 million coins. They will have to eventually sell to make profit. When they sell, the coins get spread. So as bitcoin becomes more widespread and more people starts to invest in bitcoin, there will be lesser whales in the market.
Bitcoin’s hype and currency prices have fallen dramatically.
Has it? Look at the long term charts and then tell me again that the price have fallen dramatically.