Altcoin whales - page 3. | Bitcointalksearch.org

Odusko

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Quote from: SistaFista on April 11, 2022, 10:33:28 AM

In the beginning, there is no whale on altcoin because they put their money only in bitcoin.
But then some people start to create other crypto coins such as litecoin, dogecoin, ethereum, etc.
People in bitcoin started to diversify their investment portfolio to altcoins, not only bitcoin. So, i think the whales of altcoins come from bitcoin holders.

You are right that the whale of the entire cryptocurrency market is the regular holders and I still think not only diversification of investment alone that make the whales move from Bitcoin to altcoin but also the chance to control market actions made the whales also move since the ethereum blockchain give them the power to create and hold whatever coins they want.

SistaFista

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In the beginning, there is no whale on altcoin because they put their money only in bitcoin.
But then some people start to create other crypto coins such as litecoin, dogecoin, ethereum, etc.
People in bitcoin started to diversify their investment portfolio to altcoins, not only bitcoin. So, i think the whales of altcoins comes from bitcoin holders.

Mpamaegbu

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Quote from: Sled on April 02, 2022, 09:33:19 AM

They won't risk this amount if they are not sure about the future of cryptocurrency. And this seems it helps us to live confidently while investing in crypto.

First, I like to know if the amounts you quoted in your post were checked in current value or those were what were invested from the beginning? Secondly, are the quoted amounts their individual total worth in all assets or just investments in cryptos alone?

I think we can safely consider Elon Musk also as an altcoin whale – Dogecoin and Shiba Inu.

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Quote from: Odusko on April 10, 2022, 01:10:53 PM

Quote from: bussybuddy on April 09, 2022, 10:04:42 PM

Quote from: Odusko on April 02, 2022, 02:08:20 AM

A lot of us are confused about the whales behind the altcoin blockchain, for the fact that the ethereum blockchain brought with it the ability for any programmer to make change to the blockchain which has given birth to several developments and new coins, tokens creation so the question is who are the whales behind the altcoin market development.

Those who are passionate and interested in this field are the big whales. We can have their assets priced into fiat assets with blockchain. CZ and Vitalik have always been the whales we know, plus we often hear about the CEO of MicroStrategy amassing a lot of crypto

Try searching more through https://etherscan.io/accounts

Those two individuals are the biggest whale we have in the cryptocurrency market as their both own and run their blockchain, with CZ also owning the biggest crypto exchange in the world and also running the binance smart chain this gives him the power to make whatever change in some centralized and decentralized coins and that make him a big whale.

Right, CZ has that capabilities and it's really scary since he also facilitating one of the biggest centralized exchange. Though we can't really say that he's manipulating anything but the power that he's holding right now to influence the market is big enough to move the market, and with him also owning BSC chain, both him and Vitalik really plays a big role around this industry.

Odusko

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Quote from: bussybuddy on April 09, 2022, 10:04:42 PM

Quote from: Odusko on April 02, 2022, 02:08:20 AM

A lot of us are confused about the whales behind the altcoin blockchain, for the fact that the ethereum blockchain brought with it the ability for any programmer to make change to the blockchain which has given birth to several developments and new coins, tokens creation so the question is who are the whales behind the altcoin market development.

Those who are passionate and interested in this field are the big whales. We can have their assets priced into fiat assets with blockchain. CZ and Vitalik have always been the whales we know, plus we often hear about the CEO of MicroStrategy amassing a lot of crypto

Try searching more through https://etherscan.io/accounts

Those two individuals are the biggest whale we have in the cryptocurrency market as their both own and run their blockchain, with CZ also owning the biggest crypto exchange in the world and also running the binance smart chain this gives him the power to make whatever change in some centralized and decentralized coins and that make him a big whale.

bussybuddy

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Quote from: Odusko on April 02, 2022, 02:08:20 AM

A lot of us are confused about the whales behind the altcoin blockchain, for the fact that the ethereum blockchain brought with it the ability for any programmer to make change to the blockchain which has given birth to several developments and new coins, tokens creation so the question is who are the whales behind the altcoin market development.

Those who are passionate and interested in this field are the big whales. We can have their assets priced into fiat assets with blockchain. CZ and Vitalik have always been the whales we know, plus we often hear about the CEO of MicroStrategy amassing a lot of crypto

Try searching more through https://etherscan.io/accounts

Odusko

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Quote from: Sterbens on April 07, 2022, 03:30:20 PM

Like the Oligarchy or Plutocracy groups that control the economy of a country. Laugh out loud

Not much different from the condition of the altcoin market which holds the largest will continue to enrich itself. Whales will always have control at their disposal according to their goals, but on the surface turn out to be heroes. As others have said, in the altcoins that are indeed the marketplace for every token or coin there are only 2 popular networks. But does everything look transparent? not really !!!

Exactly the highest holder take it all as most of the whales control the direction of the market since there are big bag holders of the coins, I always take Elon Musk for example if he decides to sell off his dog coin the market will feel the impact of that movement.

Sterbens

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Like the Oligarchy or Plutocracy groups that control the economy of a country. Laugh out loud

Not much different from the condition of the altcoin market which holds the largest will continue to enrich itself. Whales will always have control at their disposal according to their goals, but on the surface turn out to be heroes. As others have said, in the altcoins that are indeed the marketplace for every token or coin there are only 2 popular networks. But does everything look transparent? not really !!!

jaberwock

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Quote from: Odusko on April 02, 2022, 02:08:20 AM

A lot of us are confused about the whales behind the altcoin blockchain, for the fact that the ethereum blockchain brought with it the ability for any programmer to make change to the blockchain which has given birth to several developments and new coins, tokens creation so the question is who are the whales behind the altcoin market development.

No we aren't but maybe your only the one that is confused. Why do you want to know if who is the whale behind altcoins? and what will you get after that? But I will tell you, it is not possible to know them. A whale identity is anonymous because what they are doing is kinda unethical. Everyone hates them for the fact that they are manipulating this market and making many people lose their money.

The creators of several altcoins that you saw right now are not called whales. I already explain the definition of whales earlier. Also I don't think anyone can edit or make any changes in the blockchain. That what make's blockchain unique.

TheUltraElite

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Quote from: Odusko on April 02, 2022, 02:08:20 AM

A lot of us are confused about the whales behind the altcoin blockchain, for the fact that the ethereum blockchain brought with it the ability for any programmer to make change to the blockchain which has given birth to several developments and new coins, tokens creation so the question is who are the whales behind the altcoin market development.

I think you are confusing between developers and whales. While one can be both like some users in this thread pointed out, they are usually different people, because developers are rare among common people but rich people are common.

It therefore ends up being who invested in what and nobody is going to give you a concrete answer to this because by nature these currencies are pseudo-anonymous.

But you can assume that whales will be there and they will try to influence the market psychology and you have to act against that, otherwise you are the one losing out on opportunities. Whales who raise the prices of some shitcoins are not to be trusted. In this sector, it is better to use your own judgement more often than what whales/"self-proclaimed whales" are doing.

Yaunfitda

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Quote from: StormHawk on April 07, 2022, 03:43:21 AM

Quote from: livingfree on April 02, 2022, 02:20:18 AM

Quote from: Odusko on April 02, 2022, 02:08:20 AM

so the question is who are the whales behind the altcoin market development.

Count Vitalik and CZ.

They're part of the whales club for the altcoins.

CZ for BNB and Vitalik for Ethereum.

Honestly, we don't know who actually are the others, and to give that idea, it's mostly the developers of the biggest projects in the altcoins market. You can count them in as whales since they've been holding a lot of their tokens. And the value of it is a lot which makes them considerably as a whale.

Vitalik and CZ both develop a crypto project for the masses, their cases are different from whales that are 100% investors, they contribute and develop something but what about whales that buy a huge amounts of tokens only?.

Yeah, but who knows, they have the influence and can impact the market with their decision and announcement. For me that is a whale already if he can move the market without using any money, but his influence only.

But as far as the whales buying bulk and chunk of altcoins, not sure if they are going to work with one another to affect the market. In my opinion, they are not colluding, but separate individual who decided for themselves only.

livingfree

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Quote from: StormHawk on April 07, 2022, 03:43:21 AM

Quote from: livingfree on April 02, 2022, 02:20:18 AM

Quote from: Odusko on April 02, 2022, 02:08:20 AM

so the question is who are the whales behind the altcoin market development.

Count Vitalik and CZ.

They're part of the whales club for the altcoins.

CZ for BNB and Vitalik for Ethereum.

Honestly, we don't know who actually are the others, and to give that idea, it's mostly the developers of the biggest projects in the altcoins market. You can count them in as whales since they've been holding a lot of their tokens. And the value of it is a lot which makes them considerably as a whale.

Vitalik and CZ both develop a crypto project for the masses, their cases are different from whales that are 100% investors, they contribute and develop something but what about whales that buy a huge amounts of tokens only?.

Well, they're actually considered whales of their own projects.

Aside from the other whale investors, they're part of it because they hold a huge portion of these tokens so they're still part of the whales club for their both projects.

There are other whales that are not documented and want to remain silent with all of the commotion that's happening in the community for each of these projects.

batang_bitcoin

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Quote from: Mosharafhh on April 07, 2022, 02:54:25 AM

Whales are always linked to each other and they preplanned about any project. Its natural cz will be one whale if he invest in any project through binance academy and also he can make change of any token future. And altcoin future 100% organizing by any of them whales.

That's what he does these days. With the success of Binance and its token and chain, there's nowhere to go but just to help and fund the other projects that he thinks is also good in the future.
Aside from that, he's also entering venture not just related to crypto but as well as other businesses that he get into it. He's literally now one of the biggest investor and venture that we've got in the community.

StormHawk

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Quote from: livingfree on April 02, 2022, 02:20:18 AM

Quote from: Odusko on April 02, 2022, 02:08:20 AM

so the question is who are the whales behind the altcoin market development.

Count Vitalik and CZ.

They're part of the whales club for the altcoins.

CZ for BNB and Vitalik for Ethereum.

Honestly, we don't know who actually are the others, and to give that idea, it's mostly the developers of the biggest projects in the altcoins market. You can count them in as whales since they've been holding a lot of their tokens. And the value of it is a lot which makes them considerably as a whale.

Vitalik and CZ both develop a crypto project for the masses, their cases are different from whales that are 100% investors, they contribute and develop something but what about whales that buy a huge amounts of tokens only?.

Mosharafhh

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Whales are always linked to each other and they preplanned about any project. Its natural cz will be one whale if he invest in any project through binance academy and also he can make change of any token future. And altcoin future 100% organizing by any of them whales.

WalkerIVIV

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All of parties. Mostly of icos were doing crowdfunding and ordinary people, business man, crypto venture capital, big companies are joining in this crowdfunding. The fund that raised through crowd funding used by the ico team to develop its product. The fact that when you are aware about that if developing the product will need to to have some money in your pocket to pay anything that will help your project to gain massive transaction. Marketing, exchange listing and so many things need to be paid with your money.- That's why i see no whale have main role in this case.
I will say if all of people are playing their own role in this case.

wheelz1200

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Quote from: Odusko on April 02, 2022, 02:08:20 AM

A lot of us are confused about the whales behind the altcoin blockchain, for the fact that the ethereum blockchain brought with it the ability for any programmer to make change to the blockchain which has given birth to several developments and new coins, tokens creation so the question is who are the whales behind the altcoin market development.

99% of the work on alts is done done by whales but just straight up scammers. All of these coins are mostly just copy/paste and clone coins or tokens. There is no need for them. That's who the whales are...scammers.

Johnyz

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Quote from: ijeb on April 02, 2022, 12:50:58 PM

If you mean a whale is one that is holding a lot of crypto in the wallets than there are a lot of people with a lot of stored value.
If you mean a whale is one good computer science and blockchain engineer that the people behind biggest chains on the market are a good example but the biggest one might be Satoshi.

Those developers are usually have more tokens since they can have it any time but if the supply is already there and very limited, I’m sure whales are not just the developer since they are a good project they can get more investors for that. Its hard to know if Satoshi is still here and holding his cryptocurrency, what we know right now is that whales are growing, many rich people are into cryptocurrency now and I wonder what would be the effect of this in the economy of cryptocurrency in the future.

RussianEnglishTranslation

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Quote from: Odusko on April 02, 2022, 02:08:20 AM

A lot of us are confused about the whales behind the altcoin blockchain, for the fact that the ethereum blockchain brought with it the ability for any programmer to make change to the blockchain which has given birth to several developments and new coins, tokens creation so the question is who are the whales behind the altcoin market development.

Well anyone can create a token on Ethereum so I'm not sure what you mean. You did hit on an important point though, these days you have to have a lot of money behind your project if you want to make it. HBAR has a 5 billion dollar developer grant program, NEAR has a 1 billion dollar one, and ICP has a similar grant program. All these projects are backed by VC and are going to make it long term. Will your shitcoin that isn't backed by VC funds make it? probably not.

Odusko

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Quote from: Lordhermes on April 02, 2022, 03:16:24 PM

We have whales everywhere in the crypto space. We have the ones that deals mainly on Bitcoins. While we have the ones that deals with both Bitcoin and Alt coins. They are behind the pumping and dumping of coins in the crypto market. We have the CEO of Binance, Changpeng Zhao, who has large amounts of BNB stored in his wallets. While Vitalik buterin, who is claim to be among the early co-founders of Ethereum as of 2011. Perhaps private companies are keying into Cryptocurrency. These companies also buy shares with some upcoming Tokens, and they purchased a huge amount of Gems in the market. Gems can make you rich overnight, buying these coins when it's dipping and selling it when it's pumping are the best thing that would makes you achieved a lot of profits in the space. Go for shitscoin, they're the best, rather than placing short and long trades on Bitcoin.

My major questions are the whales who are there and what are their interest in the cryptocurrency market why is there so much power in the hands of the whales is it because their holds a large portion of the various cryptos.

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