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Topic: Am I considered a whale if I trade with $10,000 (Read 534 times)

full member
Activity: 197
Merit: 100
sorry men. I would not consider you a whale. if you use  $ 10000 buy Bitcoin, you only own about 1,22btc. 1,22btc / 16.8 million bitcoin are circulating. It is too small. you will become the whale when you hold a volume large coin.
 
full member
Activity: 224
Merit: 100
Just wondering. Would I be considered whale  Huh
depends on the supply and the price of the coin you are about to purchase, lets say you will buy a coin amounting to 10kusd and you'll get 1000 of it but the total supply circulating is about 1 billion, we can't say you are a whale since you merely holding a fraction of percentage of it but if the supply of that coin is around a hundred thousand for sure you are a whale of that.
newbie
Activity: 34
Merit: 0
Naah, we truly underestimate what a whale is, remember there are people who have over aquired 1K+ bitcoin from years ago. There are also the crypto hedge funds and their large holdings. 10K is a shrimp compared to them.
member
Activity: 252
Merit: 12
With such a deposit, you can be considered a whale when trading coins with very small volumes, not more)
full member
Activity: 448
Merit: 101
Absolutely no, Why would you be considered a Whale because you have amount a little bit above 1BTC, A whale is a person who their buy or sell order can move the direction of the market. A $10K in most order is nothing expecially on big exchanges, if you are talking if some project with low cap it may move the price because most of them lack volume to help the price
Whales are millionaires and 10k dollars is a good amount but not a very big amount. It won’taffect the digital market in any way. Big whales are the ones who can bring changes of millions dollars. Going for low cap projects just to be called as a big whale would not be very clever. The main focus must be on making large amount of profits and that is only possible if a person spends money in bitcoin or potential altcoin like Ethereum.
member
Activity: 106
Merit: 10
$10,000 is like minnow status. nothing wrong with it
full member
Activity: 574
Merit: 102
It depends on the type of the coin, the marketcap. If you're holding a pretty decent percentage of the circulating supply of the coin, then I consider you a whale  Smiley
legendary
Activity: 1372
Merit: 1001
Just wondering. Would I be considered whale  Huh

It's funny)) This amount of investment / trade is not considered significant in the crypto world. Whales have turnover of millions of dollars. I think that 1000 bitcoins is pretty good amount for a pretty small whale.
legendary
Activity: 1666
Merit: 1001
10k still a small amount for a whale, usually a pump and dump group need more than 100k, I ever joined a telegram group and they are asking 1million $ investors to pump a coin, so I think you need to have at least more than 500k to be called whale, 10k couldn't do much for alt coin
hero member
Activity: 644
Merit: 501
Just wondering. Would I be considered whale  Huh

Depends on what markets you actually trade in.

If you trade in a very small market then you could potentially be considered a whale. But then it wouldn't mean much as the volume itself is going to be super low anyways, but each of your moves will be impactful on the market.

If you're trading a big coin like ETH or LTC, then there is no chance that you will be considered a whale. You're above average, but I'd say a whale needs to have at least $1 mil of a particular coin invested in his portfolio. Most people will hit you up with a market value trade under $10k no problems, not the same if you're dealing with $1 mil.
jr. member
Activity: 308
Merit: 2
Just wondering. Would I be considered whale  Huh

It depends on the coin. Let's say you have 1 bitcoin with that $10k. Or let's say you buy a low market coin under $100k. There's a big difference. Also depends on how much volume there is, some coins only have a couple BTC volume.
full member
Activity: 263
Merit: 100
YGOLD is a Defi platform
10000$ is really a good fund to invest and you totally can get big profit with this budget. But to become a whale, you have to invest in coins which have small marketcap. But i think that, the most important is getting profit not becoming a whale
member
Activity: 1022
Merit: 20
RiveMont
I think whale in crypto world is defined as someone with more than 100 btc of investment, the amount you are posting makes nearly 1 btc, so you are very far away from being a whale.
newbie
Activity: 7
Merit: 0
You are not a whale , but a sardine if you trade with 10k.
member
Activity: 265
Merit: 11
I'd say no, you are not a whale with $10k in a coin. Only in that case, if the coin has really low market cap. If so, you can consider yourself a whale at a coin which has a market cap around 10 million usd, but nothing close to the top 100.
sr. member
Activity: 617
Merit: 253
CryptoTalk.Org - Get Paid for every Post!
It depends on the exchange and coin which you are on. For example you are not even a small fish in binance with its coins. Don't worry! You could be a whale if you are on cryptopia exchange with some bullshit 1 Sat coins. Your $10000 would be more than daily trading volume.
full member
Activity: 406
Merit: 111
Just wondering. Would I be considered whale  Huh

No, thats pocket change to the real whales, try 1000-5000BTC or more.
sr. member
Activity: 672
Merit: 251
I know a lot of guys on this forum who own much more than 10 k $, and none of them is a whale. In terms of one shit coin you can be a whale with 10 k,  but total capitalisation should be super low
newbie
Activity: 182
Merit: 0
Well I don't think so. Actually it can depend on the coin and exchange you are in.
If you are playing with BTC or ETH in any exchange you will be just a fish.
You can play with low cap coins in small exchanges, maybe you can be considered a whale. However those exchanges won't have any volume so you will have to wait days to sell and buy coins...
full member
Activity: 581
Merit: 108
Just wondering. Would I be considered whale  Huh
I think this depends on which coin you trade with and the ratio of what you hold to the total supply.

Sometimes the term whale is used to refer to a person that has more coins than you so i guess others will consider you to be one others wont see you to be a whale.
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