I am not surprised to see the whales can accumulate 151,405 BTC because they have large money and in 2017, they can be booked a huge profit from bitcoin only, and it's not from altcoin. Then they wait for the right time to buy as much btc as they can, and it's happening in the last year until now.
Imagine if they have more than $100k in fiat, and since the last year, the price is less than $10k, how much bitcoin they can buy? Besides that, they can also trade the bitcoin to usdt, and I am sure they made another profit which they can use to buy more bitcoin.
So while they have money now, they think that they should buy more bitcoin and if they price can increase in this year, they will make more and more profit.
Topic: Bitcoin Whales have accumulated thousands of coins in last 2 months - page 6. (Read 14297 times)
February 26, 2019, 03:43:02 AM
February 26, 2019, 01:36:45 AM
Why does this come as a surprise to many people? A Bitcoin whale needs to constantly acquire more coins to give them the opportunity to have a bigger impact on the price, when they want to manipulate the price.
I would have thought that they would amass more Fiat currency to trigger a hype cycle for the next Bull run, but they see more value in buying more coins from trigger happy newbies that are panicking with every small dump.
I guess it is better timing, when you buy cheaper at the bottom end of the price cycle.
I would have thought that they would amass more Fiat currency to trigger a hype cycle for the next Bull run, but they see more value in buying more coins from trigger happy newbies that are panicking with every small dump.
I guess it is better timing, when you buy cheaper at the bottom end of the price cycle.
February 26, 2019, 01:21:57 AM
The market gets impacted when such scenario takes place, and the same gets reversal in some time period. No one knows how long will this take place for such a reversal. By that time the market will progress further, upon the same it is better to have patience than ourself reacting to the market helping further manipulate the market as each and every move starting small investor makes a difference.
February 26, 2019, 01:12:40 AM
Now I don't know if this is due to people selling on exchanges, or simply leaving their money on exchanges. Though it does seem like it's pretty big news (if true) and whales are simply accumulating during this down time.
I wouldn't even call it news at this point. I mean, the narrative that whales make prices drop to make the weak hands sell only to buy back in again has been widespread for as long as I can remember. The manipulation part doesn't even need to be true; these guys have been amassing coins for a long time and those coins have to come from somewhere.
I guess it is pretty interesting to actually watch it unfold though. We could also take this opportunity to maybe act like baby dolphins lol.
February 26, 2019, 12:04:07 AM
Whales are totally hungry for more bitcoin mostly in time when prices dropped while newbies are in panic mode. Noobs complain then sell with anger and very opposite to what other big player does. Relaxing and buying more as chances at this lower price of bitcoin only come rarely now than before. Better market manipulation will soon start and we must keep up to it or we will be left behind empty handed.
February 25, 2019, 09:42:38 PM
Source: https://news.bitcoin.com/bitcoin-whales-have-accumulated-thousands-of-coins-in-the-last-2-months/ Source on bitcoin rich list (https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html)
Top 100 whales have accumulated 151,405 BTC since Dec 17th. 2018. Smaller holders (those who have 100-1000 BTC) seem to have given a large amount of BTC to the larger wallets.
Now I don't know if this is due to people selling on exchanges, or simply leaving their money on exchanges. Though it does seem like it's pretty big news (if true) and whales are simply accumulating during this down time.
I'd like to see what people think about this!
Market manipulation is depends on huge whales so we just hold our crypto is the right choice. But day traders are really happy to see this market because those are buying Bitcoin in this moment, surely it make profit in future and many peoples slowly aware in crypto technology so mass adoption is possible on upcoming years. Top 100 whales have accumulated 151,405 BTC since Dec 17th. 2018. Smaller holders (those who have 100-1000 BTC) seem to have given a large amount of BTC to the larger wallets.
Now I don't know if this is due to people selling on exchanges, or simply leaving their money on exchanges. Though it does seem like it's pretty big news (if true) and whales are simply accumulating during this down time.
I'd like to see what people think about this!
February 25, 2019, 09:03:49 PM
Source: https://news.bitcoin.com/bitcoin-whales-have-accumulated-thousands-of-coins-in-the-last-2-months/ Source on bitcoin rich list (https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html)
Top 100 whales have accumulated 151,405 BTC since Dec 17th. 2018. Smaller holders (those who have 100-1000 BTC) seem to have given a large amount of BTC to the larger wallets.
Now I don't know if this is due to people selling on exchanges, or simply leaving their money on exchanges. Though it does seem like it's pretty big news (if true) and whales are simply accumulating during this down time.
I'd like to see what people think about this!
Top 100 whales have accumulated 151,405 BTC since Dec 17th. 2018. Smaller holders (those who have 100-1000 BTC) seem to have given a large amount of BTC to the larger wallets.
Now I don't know if this is due to people selling on exchanges, or simply leaving their money on exchanges. Though it does seem like it's pretty big news (if true) and whales are simply accumulating during this down time.
I'd like to see what people think about this!
Jump to: