Being a whale.. - page 2. | Bitcointalksearch.org

L87Mou

newbie

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Quote from: Asimmo on July 11, 2017, 10:53:17 AM

We hear whales' influencial actions everyday..
Who is considered whale in crypto world? How big capital is needed to be considered whale? How they coordinate with each other to influence coins?
what more concrete we know about them?

Posted From bitcointalk.org Android App

Whales can be early adopters or big investors who have gotten involved in the bitcoin game. We know some big time investors have joined the game because the value has gone so high + some other news outlets.

I would say you need at least $10,000,000 invested and actively trading to be considered a whale. Sometimes they cooridante on forums just like this!

Pearls Before Swine

sr. member

Activity: 1190

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Quote from: ActiveP on July 11, 2017, 11:45:33 AM

Quote from: Asimmo on July 11, 2017, 10:53:17 AM

We hear whales' influencial actions everyday..
Who is considered whale in crypto world? How big capital is needed to be considered whale? How they coordinate with each other to influence coins?
what more concrete we know about them?

Posted From bitcointalk.org Android App

Whales are the big money players, with huge portfolios. The value their assets and coins if converted to fiat is worth millions in USD.

That's the best general definition I've heard yet, and that's exactly what they are. Whales in gambling are considered to be people who have huge amounts of money and who make huge bets. Thus in crypto, you could consider a whale to be anyone with crazy money or someone who can move markets with the size of their trades. And lol I'm not one of them.

John Titor

full member

Activity: 129

Merit: 100

A whale is a person with a large enough portion of a coin's supply to move the price down at will. You don't necessarily need to have a large $ amount attached to that. For example if I own 5% of a $1 million MC coin, I am a whale for that coin, even though that is only 50k in value and very small in the grand scheme of things. So for bitcoin at this point you need 10's or even 100's of millions of dollars worth of bitcoin to be considered a whale.

iram3130

legendary

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ITSMYNE 🚀 Talk NFTs, Trade NFTs 🚀

Quote from: renes on July 11, 2017, 11:39:38 AM

A little whale has 300 btc, big whales has 1000 btc or more approximately.

I think a whale can be considered for 500 Bitcoins or more, if someone puts all that into a coin then it'll shoot up to the moon in a minute. I guess they communicate only when necessary and go with the flow.

bkbirge

sr. member

Activity: 1197

Merit: 482

Generically the term whale just refers to someone with a lot of money. In cryptos or stocks I consider the term whales to mean people or organizations with an oversized influence on the market (potentially). With the latter definition someone with relatively small amount of USD could be a whale were they to place a buy order on a coin with a very low market cap and volume.

For example, one of my favorites is HODLcoin which is gaining some interest lately but if you threw $1000 at it today on a buy order that would be a large percentage of daily volume and definitely impact price. Throw $10,000 at it and you'd own the market, your influence would be hugely felt. A smart whale has the funds but would buy slowly so as not to upset the market. When a whale has a stop loss hit it can trigger a crash for everyone else. Again, a smart whale would sell large positions in chunks not all at once. Whales entering/exiting the market can not only have a huge influence on price but just the rumor of them entering/exiting a position can as well.

ActiveP

full member

Activity: 210

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Quote from: Asimmo on July 11, 2017, 10:53:17 AM

We hear whales' influencial actions everyday..
Who is considered whale in crypto world? How big capital is needed to be considered whale? How they coordinate with each other to influence coins?
what more concrete we know about them?

Posted From bitcointalk.org Android App

Whales are the big money players, with huge portfolios. The value their assets and coins if converted to fiat is worth millions in USD.

renes

sr. member

Activity: 532

Merit: 250

A little whale has 300 btc, big whales has 1000 btc or more approximately.

dissident

sr. member

Activity: 280

Merit: 250

Whale....someone with more than $1million invested or in profits. I'm not a whale...

xSkylarx

hero member

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Quote from: europesss on July 11, 2017, 11:00:07 AM

I think whale refer to a kind of people who has a lot of coins in hand.no detail about the amount.

No I totally disagree with you,
Let's just say that I am holding a tons of coins but the value is too low,
Let's say I am holding about 100 different kinds of coins but if you are going to convert it all into bitcoin the value is only 1 bitcoin would you consider me as a whale?

europesss

sr. member

Activity: 546

Merit: 250

I think whale refer to a kind of people who has a lot of coins in hand.no detail about the amount.

Asimmo

sr. member

Activity: 728

Merit: 251

We hear whales' influencial actions everyday..
Who is considered whale in crypto world? How big capital is needed to be considered whale? How they coordinate with each other to influence coins?
what more concrete we know about them?

Posted From bitcointalk.org Android App

Topic: Being a whale.. - page 2. (Read 1627 times)