Topic: Are the whales getting beaten? (Read 4143 times)
The whale bears will be back at the next rally... until then they are lying low.
If demand stays the same and growing, BTC can go up in price, just because mining difficulty is almost not rising anymore, there are not so muchfresh coins to sell.
They're will be a hell of a lot more new infrastructure by the time the next block Reward halves so Bitcoins will have a lot more " spendability " and a lot more scarcity
This can only have a positive impact on the price going forward but I think they will get a few times more valuable even way before all that happens sometime in 2016....
This can only have a positive impact on the price going forward but I think they will get a few times more valuable even way before all that happens sometime in 2016....
It seems like there are either fewer dumping whales right now or that they are not able to manipulate the market like they used to. Which is it?
It is that the weak hands have all gone and the whales cant start a sell off because there are few willing to sell?
It is that the weak hands have all gone and the whales cant start a sell off because there are few willing to sell?
Miners are selling to pay for their hardware, maintenance and electricity; as the price goes down they need to sell more BTC to have the same number of Dollar which push the price lower.
and the price will continue lower and lower and lower and lower.......
Oho No it doesn't
People are buying the BTC that arrive on exchanges because there are many bulls and many new people that want BTC. If the price goes up miners don't have to sell as much BTC as before to buy new equipment or pay the maintenance costs so there are less BTC that will arrive on the exchange and the price will keep going up.
It seems like there are either fewer dumping whales right now or that they are not able to manipulate the market like they used to. Which is it?
It is that the weak hands have all gone and the whales cant start a sell off because there are few willing to sell?
It is that the weak hands have all gone and the whales cant start a sell off because there are few willing to sell?
Miners are selling to pay for their hardware, maintenance and electricity; as the price goes down they need to sell more BTC to have the same number of Dollar which push the price lower.
and the price will continue lower and lower and lower and lower.......
Oho No it doesn't
It seems like there are either fewer dumping whales right now or that they are not able to manipulate the market like they used to. Which is it?
It is that the weak hands have all gone and the whales cant start a sell off because there are few willing to sell?
It is that the weak hands have all gone and the whales cant start a sell off because there are few willing to sell?
Miners are selling to pay for their hardware, maintenance and electricity; as the price goes down they need to sell more BTC to have the same number of Dollar which push the price lower.
and the price will continue lower and lower and lower and lower.......
It seems like there are either fewer dumping whales right now or that they are not able to manipulate the market like they used to. Which is it?
It is that the weak hands have all gone and the whales cant start a sell off because there are few willing to sell?
It is that the weak hands have all gone and the whales cant start a sell off because there are few willing to sell?
more and more people get used to them and cash out on them. Manipulation can't go on forever because it's repetive patterns and people start to exploit those which makes the manipulation ineffective.
It seems like there are either fewer dumping whales right now or that they are not able to manipulate the market like they used to. Which is it?
It is that the weak hands have all gone and the whales cant start a sell off because there are few willing to sell?
It is that the weak hands have all gone and the whales cant start a sell off because there are few willing to sell?
Miners are selling to pay for their hardware, maintenance and electricity; as the price goes down they need to sell more BTC to have the same number of Dollar which push the price lower.
I have been speaking with some very intelligent people, and they all seem to think that Bitcoin is on the verge of dropping below $200 this year or early next. So be careful guys, don't fall into the bull trap too soon
I spoke with Satoshi just yesterday and he advised the opposite.
I have been speaking with some very intelligent people, and they all seem to think that Bitcoin is on the verge of dropping below $200 this year or early next. So be careful guys, don't fall into the bull trap too soon
It seems like there are either fewer dumping whales right now or that they are not able to manipulate the market like they used to. Which is it?
It is that the weak hands have all gone and the whales cant start a sell off because there are few willing to sell?
It is that the weak hands have all gone and the whales cant start a sell off because there are few willing to sell?
Weak hand whale already sold everything, what is left is giant miners..
I understand very well how some big btc owners work, it's just simply a misunderstanding that all big dumps are whales. Sometimes, price dumps simply because somebody sold a bunch of BTC.
Maybe the owner wanted to raise some cash to buy a car or put a downpayment on a house. No diabolic master plan. Just a sale.
If you're organised enough to have a giant mining farm, you'll also have an ongoing off market deal to sell your coins.
I wouldn't want my organisation and investment hinging on a few shaky exchanges.
I wouldn't want my organisation and investment hinging on a few shaky exchanges.
Correct. If anything, it's the miners' OTC customers who stand to gain by dumping the occasional thousand coins on the exchanges to keep prices down on the tens of thousands of coins they buy OTC at prices based on exchange rates.
no miners dumping on you in uno, that's the mainfeature 
Whales == mining farm.
Until they go away or gone bust, there will be huge dump every day/week.
Until they go away or gone bust, there will be huge dump every day/week.
I am so sick of this argument that all these "dumps" are caused by mining farms; there are simply not that many new coins compared to the trade volume.
Look at the numbers:
new coins minted each day: 3600 (avg)
largest mining farms percentage: ~30%
So roughly 1000 coins per day from one farm, or 7000 per week.
In the past 24 hours the USD exchange volume alone is about 25K BTC; the chinese exchanges are 5x that. So you're talking less than 1% of the coins traded per day.
Most of the trade are by day trader, they buy and sell to each other so the volume is high...
Yes. The only entity benefiting from the whole crypto ecology system is the exchange.
Whales == mining farm.
Until they go away or gone bust, there will be huge dump every day/week.
Until they go away or gone bust, there will be huge dump every day/week.
I am so sick of this argument that all these "dumps" are caused by mining farms; there are simply not that many new coins compared to the trade volume.
Look at the numbers:
new coins minted each day: 3600 (avg)
largest mining farms percentage: ~30%
So roughly 1000 coins per day from one farm, or 7000 per week.
In the past 24 hours the USD exchange volume alone is about 25K BTC; the chinese exchanges are 5x that. So you're talking less than 1% of the coins traded per day.
Most of the trade are by day trader, they buy and sell to each other so the volume is high...
That may be, but a trade is still a trade. Point is - any addition of "new" coins gets lost in the noise of all the other trades going on. Doesn't matter if most of those are the same coins being traded back and forth.
Whales == mining farm.
Until they go away or gone bust, there will be huge dump every day/week.
Until they go away or gone bust, there will be huge dump every day/week.
I am so sick of this argument that all these "dumps" are caused by mining farms; there are simply not that many new coins compared to the trade volume.
Look at the numbers:
new coins minted each day: 3600 (avg)
largest mining farms percentage: ~30%
So roughly 1000 coins per day from one farm, or 7000 per week.
In the past 24 hours the USD exchange volume alone is about 25K BTC; the chinese exchanges are 5x that. So you're talking less than 1% of the coins traded per day.
Most of the trade are by day trader, they buy and sell to each other so the volume is high...
Whales == mining farm.
Until they go away or gone bust, there will be huge dump every day/week.
Until they go away or gone bust, there will be huge dump every day/week.
I am so sick of this argument that all these "dumps" are caused by mining farms; there are simply not that many new coins compared to the trade volume.
Look at the numbers:
new coins minted each day: 3600 (avg)
largest mining farms percentage: ~30%
So roughly 1000 coins per day from one farm, or 7000 per week.
In the past 24 hours the USD exchange volume alone is about 25K BTC; the chinese exchanges are 5x that. So you're talking less than 1% of the coins traded per day.
It seems like there are either fewer dumping whales right now or that they are not able to manipulate the market like they used to. Which is it?
It is that the weak hands have all gone and the whales cant start a sell off because there are few willing to sell?
It is that the weak hands have all gone and the whales cant start a sell off because there are few willing to sell?
Weak hand whale already sold everything, what is left is giant miners..
How do you know this? Is it a guess or do you have some reason for thinking the bearwhale is finished?
There's no way to know. There are indeed lots of weak whales that are pannicking since the last ATH and every dollar we do down they panick even more.
Then there are whales that are 100% convinced BTC has a future and are keeping their luckycoins in cold storage (rpietila and the rest). We'll see who wins at the end.
It seems like there are either fewer dumping whales right now or that they are not able to manipulate the market like they used to. Which is it?
It is that the weak hands have all gone and the whales cant start a sell off because there are few willing to sell?
It is that the weak hands have all gone and the whales cant start a sell off because there are few willing to sell?
Weak hand whale already sold everything, what is left is giant miners..
How do you know this? Is it a guess or do you have some reason for thinking the bearwhale is finished?
It seems like there are either fewer dumping whales right now or that they are not able to manipulate the market like they used to. Which is it?
It is that the weak hands have all gone and the whales cant start a sell off because there are few willing to sell?
It is that the weak hands have all gone and the whales cant start a sell off because there are few willing to sell?
Weak hand whale already sold everything, what is left is giant miners..
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