Bitcoin Whales questions? | Bitcointalksearch.org

drachman

sr. member

Activity: 756

Merit: 252

Quote from: Kaller on November 28, 2017, 11:02:21 PM

Quote from: drachman on November 28, 2017, 06:31:42 PM

Quote from: very_452001 on November 28, 2017, 12:42:34 PM

Ok anyone over 1000 bitcoins is a whale yeah.

Makes them a multi millionaire I see.

Curious to know how many people own more than 1000 BTC each?

Those multi millionaires why are they not cashing at $10000 and become multi millionaires now? What are they waiting for Huh

They want to earn even more money, will you sell now knowing the price may hit 25k or 30k in the near future, they may sell a part of their stash and enjoy the great life but they keep most of their coins that way you get to enjoy your riches and you have the possibility to earn even more if bitcoin keeps growing.

That's because anyone who is a real BTC whale knows that 10k BTC is just the beginning and not even close to what the price will be in the coming years. This is what happens when the supply is the way it is, scarce, and all these network effects going on at the same time. It's a whirlwind of good energy for BTC and it's network and we are seeing this with the price now.

I'm not a whale but I understand this as well, the price is very attractive at the moment but I'm not going to sell those that are day traders may think that is a mistake but I do not care I'm not going to risk making a mistake and losing all the future profits bitcoin is going to give to us.

very_452001

sr. member

Activity: 1056

Merit: 270

I heard the FBI guys seized 140000 bitcoins from silk road takeover. Does that make them the biggest bitcoin whale?

What if FBI decided to sell them all in one go at the same time, what price you think bitcoin will crash to when that happens?

hacker1001101001

sr. member

Activity: 1288

Merit: 415

I believe that it is variable to say that a person is whale or not. It depends a lot on the currency that the person intends to manipulate, for example a weak currency with little circulation and cheap a person with little money can easily manipulate its price upwards, that and what the whales do.

icoDealDeckcom

newbie

Activity: 46

Merit: 0

Quote from: very_452001 on November 28, 2017, 06:35:34 AM

How many bitcoins do I need to own to be classed as a bitcoin whale?

At what price do majority of these whales like to cash out sell bitcoin at?

How many bitcoins that banker Jamie Dimon has?

If most whales like to sell bitcoins at the overall target price wouldn't that mean huge sell walls everywhere and what will cause price of bitcoin price to dip crash? Is it buyers eating those sell walls or less volume?

Apart from Roger Ver is there a list of the biggest Bitcoin whales? These whales can crash the bitcoin price correct?

I am thinking that it is not so much that whales have moved the bitcoin price as it is the hedge funds, family offices and secret plays by big financial companies. Only huge demand could have propelled the price of bitcoin to where it is now. That cant happen just because Mr. and Mrs. Smith has discovered bitcoin.

There are very big corporate players getting involved with bitcoin that have to report to Directors and Shareholders, these guys do pay tax. With the end of the year approaching are they going to take profits which will then drive down the Bitcoin price? Hard to say but we'll soon know.

olubams

hero member

Activity: 798

Merit: 503

Quote from: very_452001 on November 28, 2017, 06:35:34 AM

How many bitcoins do I need to own to be classed as a bitcoin whale?

At what price do majority of these whales like to cash out sell bitcoin at?

How many bitcoins that banker Jamie Dimon has?

If most whales like to sell bitcoins at the overall target price wouldn't that mean huge sell walls everywhere and what will cause price of bitcoin price to dip crash? Is it buyers eating those sell walls or less volume?

Apart from Roger Ver is there a list of the biggest Bitcoin whales? These whales can crash the bitcoin price correct?

Firstly, I don't see any reason why your intentions is to be a whale whose motive is to manipulate price just for the purpose of profit. That's I see as toxic capitalism. I also think that the era to become a whale is gradually over as the whales of today didn't start last month neither do they start last year but at the point where no one was ready to bank on bitcoin as a worthy item that could bring any return. People don't become whales when things are looking glooming but otherwise. If you are convinced that is the way to go, consider other coins aside bitcoin.

hasmukh_rawal

copper member

Activity: 490

Merit: 105

★777Coin.com★ Fun BTC Casino!

I would consider a person with BTC100 itself to be a Bitcoin whale. The price of BTC keeps rising and a person with BTC1000 now will be equal to a person with BTC100 in 2 years. I say 2 years because the growth at which Bitcoin raised this years was tremendous and if continued at the same rate then BTC would increase 10x times more in just 2 years of time. It is best just to hold your BTC as it would give you huge returns in just a few years of time.

Kaller

hero member

Activity: 752

Merit: 501

Quote from: drachman on November 28, 2017, 06:31:42 PM

Quote from: very_452001 on November 28, 2017, 12:42:34 PM

Ok anyone over 1000 bitcoins is a whale yeah.

Makes them a multi millionaire I see.

Curious to know how many people own more than 1000 BTC each?

Those multi millionaires why are they not cashing at $10000 and become multi millionaires now? What are they waiting for Huh

They want to earn even more money, will you sell now knowing the price may hit 25k or 30k in the near future, they may sell a part of their stash and enjoy the great life but they keep most of their coins that way you get to enjoy your riches and you have the possibility to earn even more if bitcoin keeps growing.

That's because anyone who is a real BTC whale knows that 10k BTC is just the beginning and not even close to what the price will be in the coming years. This is what happens when the supply is the way it is, scarce, and all these network effects going on at the same time. It's a whirlwind of good energy for BTC and it's network and we are seeing this with the price now.

Beatcoin.it

newbie

Activity: 44

Merit: 0

to be a whale you should control the market with your capital of bitcoin. If you mean a small whale that speculate on alt pumps you need "just" around 10 bitcoin( it depends the market cap too).

drachman

sr. member

Activity: 756

Merit: 252

Quote from: very_452001 on November 28, 2017, 12:42:34 PM

Ok anyone over 1000 bitcoins is a whale yeah.

Makes them a multi millionaire I see.

Curious to know how many people own more than 1000 BTC each?

Those multi millionaires why are they not cashing at $10000 and become multi millionaires now? What are they waiting for Huh

They want to earn even more money, will you sell now knowing the price may hit 25k or 30k in the near future, they may sell a part of their stash and enjoy the great life but they keep most of their coins that way you get to enjoy your riches and you have the possibility to earn even more if bitcoin keeps growing.

shursight

hero member

Activity: 728

Merit: 500

There is no fixed amount, of course, those who had 10k bitcoins on their wallets were huge whales when the price was $1000, because they were more than ten million dollars.

Just do that math for yourself, 10,000 x 10,000, it is an insane number, if someone tries to dump that kind of amount of money in a day, the market is going to collapse at least for more than $500 or $600.

At the moment, you just need a million dollars to be a big whale, but maybe a little bit more, it is just like i said, there is no an exact number to be considered as a whale.

Maybe in your country if you have more than $10,000 then you are a whale for them.

very_452001

sr. member

Activity: 1056

Merit: 270

What if 1 bitcoin becomes $million each in the future. How we all bitcoin millionaires will cash out with these regulations?

And I assume regulations in the future will get tougher running on auto sophisticated tech programs.

dmamigo

sr. member

Activity: 1232

Merit: 250

Quote from: very_452001 on November 28, 2017, 01:25:20 PM

Quote from: bob123 on November 28, 2017, 12:55:24 PM

Quote from: very_452001 on November 28, 2017, 12:42:34 PM

Those multi millionaires why are they not cashing at $10000 and become multi millionaires now? What are they waiting for Huh

Most of them are already millionaires. They don't need to cash out. Others want to gain more profit because thats their business.
And a few for sure have quite a big amount of btc but can't cash them out without paying too much taxes. So they make use of their BTC
and earn money from that on. Additionally its not that easy to sell big(!) amounts of bitcoin at once. Online exchanges have daily/monthly limits.
And private trades attract scammers. And if you are able to live from your BTC, why should you cash out to a fiat currency where the inflation rate eats up your money.

Ok lets say and pretend I was a big whale with 1000 BTC and i decided to cash out sell. Where do I sell this amount in one go wheres theres loads of volume and how will the taxman know? I thought bitcoin can't be regulated.

Bitcoin is already is semi-regulated in few countries. AML and KYC has been implemented if one wants to convert, buy, sell using local exchanges. So obviously making a big transaction will catch government/taxmen notice. But I believe selling huge amounts might turn up a bit problematic, unless you do it in Japan or legally accepted countries.

very_452001

sr. member

Activity: 1056

Merit: 270

Quote from: bob123 on November 28, 2017, 12:55:24 PM

Quote from: very_452001 on November 28, 2017, 12:42:34 PM

Those multi millionaires why are they not cashing at $10000 and become multi millionaires now? What are they waiting for Huh

Most of them are already millionaires. They don't need to cash out. Others want to gain more profit because thats their business.
And a few for sure have quite a big amount of btc but can't cash them out without paying too much taxes. So they make use of their BTC
and earn money from that on. Additionally its not that easy to sell big(!) amounts of bitcoin at once. Online exchanges have daily/monthly limits.
And private trades attract scammers. And if you are able to live from your BTC, why should you cash out to a fiat currency where the inflation rate eats up your money.

Ok lets say and pretend I was a big whale with 1000 BTC and i decided to cash out sell. Where do I sell this amount in one go wheres theres loads of volume and how will the taxman know? I thought bitcoin can't be regulated.

bob123

legendary

Activity: 1624

Merit: 2481

Quote from: very_452001 on November 28, 2017, 12:42:34 PM

Those multi millionaires why are they not cashing at $10000 and become multi millionaires now? What are they waiting for Huh

Most of them are already millionaires. They don't need to cash out. Others want to gain more profit because thats their business.
And a few for sure have quite a big amount of btc but can't cash them out without paying too much taxes. So they make use of their BTC
and earn money from that on. Additionally its not that easy to sell big(!) amounts of bitcoin at once. Online exchanges have daily/monthly limits.
And private trades attract scammers. And if you are able to live from your BTC, why should you cash out to a fiat currency where the inflation rate eats up your money.

very_452001

sr. member

Activity: 1056

Merit: 270

Ok anyone over 1000 bitcoins is a whale yeah.

Makes them a multi millionaire I see.

Curious to know how many people own more than 1000 BTC each?

Those multi millionaires why are they not cashing at $10000 and become multi millionaires now? What are they waiting for Huh

Opquar

sr. member

Activity: 385

Merit: 250

No one really knows how much Dimon holds because he is still in his anti-bitcoin faux crusade. I am guessing a sizable number. If JPMorgan buys the dip, so does he.

As for whales, it is relative. Anyone with like $50,000 worth is a whale to me.

officerpants

newbie

Activity: 28

Merit: 1

The concept of being a 'whale' is more than just holding a huge number of coins. It's also implied that you're making a 'big splash' in the market (to continue using the ocean metaphor with the market). Whales (like stock whales and casino whales) come in with large sums of money or establish investment and move the market with their transactions. Someone who buys or sells a 1000BTC or more probably makes some influence. But to be a true whale, in a market that's holding some 16mBTC, you'd probably have to have a pretty hefty chunk to move the market right now.

fireblond

full member

Activity: 200

Merit: 100

Thrive

To me It's more of the percentage of max btc supply owned. For example 0.00001 *21mil = 210
Therefore I consider anyone with over 200 bitcoins a whale and if a bunch of whales do take action at once it will most definitely have an impact on the market! Also an important thing to notice is that these actions are usually followed up by a snowball effect and if It's price starts increasing then others notice and hop on the wagon..

DirtyMartini

full member

Activity: 277

Merit: 101

Ah, so many questions haha..

Personally, I think you'd have to have 1000+ bitcoin to be considered a whale..

There is so set price a whale likes to sell their bitcoins at - this is different for everyone..
I thought a few whales would be cashing out at the 10K mark, but that doesn't seem to be happening.

Only Jamie Dimon knows how many bitcoins he has - he's not stupid enough to let out that information.

Whales could certainly dip the price if a few coordinated a huge sell, but honestly at this point I don't think it would dip too far because the buyers demand is so strong. I'd actually love to see that happen so I could gobble up some cheap bitcoins.

There is no 'list' of whales as such but there are lists of the biggest wallets/addresses.
Its anyone's guess who those wallets belong to though..

SUDARMONO

full member

Activity: 504

Merit: 100

with the bitcoin price soaring now the bitcoin value is getting fantastic, maybe once the people who have 10-20 btc look normal, but for now the amount is so great, if you want to be a big bitcoin whale I think you should have 1000- 2000 bitcoin and so much may still have more than that.

Topic: Bitcoin Whales questions? (Read 598 times)