Does Bitcoin coalesce among whales during the bottom?

BitHodler

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Quote from: traderethereum on March 16, 2019, 01:26:30 AM

I am sure that the whales are already buying the massive amounts of bitcoin especially in the early of this year.

I haven't seen an indication of that to be honest. Sure, I do believe that whales just like most smaller long term investors are accumulating coins on the way down, but where is the evidence of this 'massive' accumulation?

I think what people tend to overlook is that a lot of the addresses that seem to accumulate coins belong to exchanges or other corporate entities. I think this does indicate speculation rather than accumulation.

The more coins exchanges hold, the more likely it is for people to have them sit there to wait for whatever market move in order to dump or trade them. I'll remain skeptical about this this subject till there is evidence of accumulation.

traderethereum

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I am sure that the whales are already buying the massive amounts of bitcoin especially in the early of this year. But I don't think that the bottom of the market is just moving bitcoin into the whale's hands because the market is not for the whales only. Many traders want to make a profit too as the whales, and they will buy a lot of bitcoin also if they still have money.

Baofeng

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Quote from: thecodebear on March 12, 2019, 01:07:26 AM

The bottoming out phase is the time for smart money to accumulate bitcoin. So far we are 4 months into this market cycle's bottom.

But at least the price didn't go below $3k as many have speculated specially when we touched $3100-$3200 last November.

Quote from: thecodebear on March 12, 2019, 01:07:26 AM

Surely whales out there must be accumulating massive amounts of bitcoin from the traders and the people dumb enough to sell now. Do you think that the bottom of the market cycle basically just moves a bunch of bitcoin into whales hands? Whereas the mania phase at the end of a bull run is when those whales redistribute their bottom-bought bitcoin to the hungry masses buying about-to-crash bitcoin?

We may call those noobs who sell at the bottom because they believed it will still go down. But I'm sure they learn some expensive lessons along the way. It will be a continues cycle though, but the thing is that you should learn a thing or two and become smarter so that you can be one day became a whale yourself. Grin

adaseb

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I am sure there was some whales who also accumulated at $6K and they are sitting at a huge loss right now. So yes its possible some whales bought loads of BTC at $3.1K however who knows if that was actually the bottom yet. Only in hindsight we will know.

I know that there was lots of panic during Dec 2018 and it was going lower and lower everyday. People didn't want to buy at $3100-$3200 because they said they would buy at $2500-$3000 which never came. Even myself I've only bought small amounts at $3200, $3400, $3600 but was almost certain that $3000 would break and it never did. Hindsight is 20-20

LUCKMCFLY

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Something I learned from the trade, is that those who want to buy large amounts of bitcoin, do so when the market falls, since it is the smartest way to buy.

Currently, in the market, there is a clear phase of accumulation (according to the structure of Wyckoff), many whales or strong hands have defined their perfect strategy, buying cheap. Some bitcoin movements awaken emotions in people, such as panic or the joy of a bullish stage, these movements are created by the famous "Market Makers".

In my personal opinion, I think that there is still a long time to complete the accumulation stage. Once that phase is completed, it will pass to the ascending phase and, therefore, will reach the distribution phase, which is where whales or strong hands tend to sell expensive bitcoins.

Slow death

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this:

Quote from: thecodebear on March 12, 2019, 01:07:26 AM

Surely whales...

" whales "

when the price drops a lot, most people blame the "whales" when the price does not want to go up most people blame the "whales". I did not see proof of the existence of these "whales" and I think people are closing their eyes just to not face the reality that the price is not rising because there is not much demand

People are celebrating this news:

CBOE Will Not List Bitcoin Futures in March, Cites Need to Assess Crypto Derivatives

YuginKadoya

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Eventually, they can surely have a massive supply and not just one but a couple of them that has a massive owning of bitcoin can definitely rock the bottom, This is certainly a manipulation over the value of bitcoin, This is pretty common in the market of cryptocurrency because people can own a huge sum of it, And when they shake the value of bitcoin they will then buy at a more cheaper price so the market will go up again and the cycle continues, And then normal people that don't have that sum of amount would just guess if the price would surge or go down.

prtty2gal2

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Judging from the past experience and understanding fully how the whales operate, I don’t think any investor should be dumb enough to allow the whales manipulate them or force them into panic selling now.

Although whales will always find their ways to manipulate the market, this is why every investors also need to study on how to make use of technical and fundamental analysis to checkmate the whales too even if they are also experts in technical analysis.

thecodebear

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Quote from: BrewMaster on March 13, 2019, 09:42:34 AM

that is not just whales, anybody who is accumulating right now has been taking the money away from those who were selling. that is how the market works anyways, some people sell (give up) at the bottom and some others are buying at the bottom (aka accumulating). depending on the size of their pockets you can call some of them whales but it is not just whales!
for example i also have been buying in $3k range and i am nowhere close to being a whale Roll Eyes

True, I'm not a whale but I have been accumulating ever since it dropped under $4000 in november. I'm sure there are lots of us normal folk who have been accumulating. However the whales I'm sure have loaded up on massive amounts of bitcoin. Plus I bet most whales know now is the time to buy. If you just look at these forums of Bitcoin people there are plenty of people that are selling or won't buy in until higher. Your average bitcoin buyer is afraid and not buying (hence the low price) whereas the whales are buying up from the sellers massive amounts (and us non-whales buying up a bit too).

ricardobs

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Quote from: thecodebear on March 12, 2019, 01:07:26 AM

The bottoming out phase is the time for smart money to accumulate bitcoin. So far we are 4 months into this market cycle's bottom.

Surely whales out there must be accumulating massive amounts of bitcoin from the traders and the people dumb enough to sell now. Do you think that the bottom of the market cycle basically just moves a bunch of bitcoin into whales hands? Whereas the mania phase at the end of a bull run is when those whales redistribute their bottom-bought bitcoin to the hungry masses buying about-to-crash bitcoin?

Yes, I can say for sure that as we see a lot of people dumping coins on exchange, we have a lot of whales picking those coins up because they have a lot of money and can buy a lot of crypto for future profit, wealthy people don't rush things and they always try to take advantage of everyone situation even if it's a bad one for others, they see the opportunity in it and make sure they take good advantage of it so that they make massive profit.

BrewMaster

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that is not just whales, anybody who is accumulating right now has been taking the money away from those who were selling. that is how the market works anyways, some people sell (give up) at the bottom and some others are buying at the bottom (aka accumulating). depending on the size of their pockets you can call some of them whales but it is not just whales!
for example i also have been buying in $3k range and i am nowhere close to being a whale Roll Eyes

Red-Apple

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considering not all whales are the same species, you can say some of them are doing this.

but basically i believe that the strategy of whales and anybody else who has a brain is to accumulate bitcoin at the bottom (buying the dips and holding) then selling at least some in the bubbles to get some profit out and also get ready for the next phase.

it would look something like this:
year 2017: buy at $1000 and accumulate, continue until $3000 (first mini bubble). sell something (1/3 of what you bought will give your initial investment back!) and get ready for the bubble burst.
accumulate starting from $2400 down to $1900 and hold for the launch...
repeat until $20,000 sell and wait for the bubble pop..... accumulate at the bottom, rinse and repeat.

do that for a couple of years and within 5 years you have a large amount of bitcoin and fiat both! can even be a millionaire.

magneto

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Quote from: thecodebear on March 12, 2019, 01:07:26 AM

The bottoming out phase is the time for smart money to accumulate bitcoin. So far we are 4 months into this market cycle's bottom.

Surely whales out there must be accumulating massive amounts of bitcoin from the traders and the people dumb enough to sell now. Do you think that the bottom of the market cycle basically just moves a bunch of bitcoin into whales hands? Whereas the mania phase at the end of a bull run is when those whales redistribute their bottom-bought bitcoin to the hungry masses buying about-to-crash bitcoin?

It's an interesting theory, but at the same time, very likely.

The smart money is flowing into bitcoin right now in my opinion, which is a reason why you see a lot of the big name corporations that have started to enter the crypto space during the bear market. They see potential, and a great entry point, which is honestly the most rational thing to do.

The mainstream investors on the other hand tend to be affected a lot by emotions and what mainstream media tells them. That leads to panic dumping. As a result, I do see that it's very likely institutions and the so called "whales" are buying on average, more than what individuals are buying right now, because they recognise what the market patterns are.

hugeblack

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It depends on the definition of Big whales, There are people who have mined thousands of bitcoins in the early days or people who are trying to join the market.
If you consider trading platforms to be big whales, yes, many are trying to buy more to control the market, but that does not mean that all these whales are working as a single rake in order to acquire more currencies but speculations to get the biggest gain.

Notice the emergence of a new type of big whale - those investors who pump a lot of power, money, and coins into shitcoins "stablecoins and altcoins."

Kevin77

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Well, there was a topic that stated and showed how whales of bitcoin bought thousands of bitcoin during this low market period. It is the smart thing, even the poorer people manage to grab some bitcoin during this time, I have managed to cover most of my losses and save up some bitcoin and I am hoping to keep a bit more in the wallet for long periods of time.

Investment and trading are different things and there are a lot of traders during bull runs but there are more investors during bear times. If even people like me who put aside couple hundred bucks to wait out the storm and profit during the bull run I am sure you can bet on the fact that many whales have bought thousands of bitcoins to profit later on when the price reaches back to all time highs again one day, don't know when it will happen but its sure as hell won't stay here forever.

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Quote from: thecodebear on March 12, 2019, 01:07:26 AM

The bottoming out phase is the time for smart money to accumulate bitcoin. So far we are 4 months into this market cycle's bottom.

Surely whales out there must be accumulating massive amounts of bitcoin from the traders and the people dumb enough to sell now. Do you think that the bottom of the market cycle basically just moves a bunch of bitcoin into whales hands? Whereas the mania phase at the end of a bull run is when those whales redistribute their bottom-bought bitcoin to the hungry masses buying about-to-crash bitcoin?

All this sounds nice, but I'll recall that we were all believing in the same thing when we saw over a month of BTC at $6k, or was that even more than 2 months? Then it just went ahead and showed us another bottom losing more than 50% of its price.

Whales definitely are accumulating though but maybe they are waiting for even cheaper prices to maximize returns? Can't tell and can't predict all these patterns.

jossiel

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Quote from: thecodebear on March 12, 2019, 01:07:26 AM

So far we are 4 months into this market cycle's bottom.

Aren't we already in a long bear and it's more than 4 months.

Quote from: thecodebear on March 12, 2019, 01:07:26 AM

Do you think that the bottom of the market cycle basically just moves a bunch of bitcoin into whales hands? Whereas the mania phase at the end of a bull run is when those whales redistribute their bottom-bought bitcoin to the hungry masses buying about-to-crash bitcoin?

There were reports that lots of bitcoin were accumulated and transferred to some wallets. And we are not just talking about 2 or 3 digits of bitcoin here but more than that. These rock bottom times are favorable to them to collect more.

exstasie

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Quote from: thecodebear on March 12, 2019, 01:07:26 AM

The bottoming out phase is the time for smart money to accumulate bitcoin. So far we are 4 months into this market cycle's bottom.

Surely whales out there must be accumulating massive amounts of bitcoin from the traders and the people dumb enough to sell now. Do you think that the bottom of the market cycle basically just moves a bunch of bitcoin into whales hands?

That's essentially what any accumulation phase is. It's not the masses putting in the bottom with their baby orders on the bid side. It's whales who are exhausting supply. That's why "capitulation" is often called "retail capitulation" because retail investors are getting squeezed into filling institutional bids.

But not all whales are created equally. They're not like a secret cabal. They're competing against one another. Some whales were supporting the $6K level and got massacred by the recent crash. It's still possible the whales supporting the $3Ks will suffer the same fate too. Wink

btc_angela

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Well that's why they're called whales, because they have deep pockets and a very smart investor. So I think they are really taking advantage of noobs trying to sell during a dip because they panic. And whales are just laughing from behind and scooping as much bitcoin as they can. So yes, I believe that whales are continuing to stack up their already fat wallet with more bitcoin and then just wait for the next bull run in 2020-2021.

thecodebear

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The bottoming out phase is the time for smart money to accumulate bitcoin. So far we are 4 months into this market cycle's bottom.

Surely whales out there must be accumulating massive amounts of bitcoin from the traders and the people dumb enough to sell now. Do you think that the bottom of the market cycle basically just moves a bunch of bitcoin into whales hands? Whereas the mania phase at the end of a bull run is when those whales redistribute their bottom-bought bitcoin to the hungry masses buying about-to-crash bitcoin?

Topic: Does Bitcoin coalesce among whales during the bottom? (Read 215 times)