How much money do i need to start becoming a whale

luciann

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Quote from: Panadacoin on August 01, 2015, 04:05:17 AM

Quote from: nonbody on July 31, 2015, 03:21:38 PM

as mentioned above, i have heard of people able to push up the price with their own btc stash, any clue how to do this and how much capital you would need

It would have to be really high. My best guess is its over 9000.

exactly what vegeta says.

you need over 9000 to be a qualified whale, and you have a huge amount like that, id say it helps to donate 1 btc for a decent charity.

lissandra

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I think it should be similar to being a millionaire or having assests towards that amount. Despite different metrics.

So the person who has like 1 mill worth, should be starting as a whale.

Monopoly

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1-2% of worth of whole of market .

mrhelpful

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Quote from: freakying99 on August 19, 2015, 07:42:36 PM

Quote from: mrhelpful on August 05, 2015, 04:28:49 PM

how much you say?

google the top richest addresses, and the lowest #`s will be around 2,000 btc.

Everyone else has way more then 2,000, but the 2,000 mark is a whale entry.

current rates, that translates to 560,000 esti.

Half a milli aint a whale.

Half a mill is the lowest whale. You can brush up on the richest address to the lowest, and the ones that still reach being a whale.

They have 2,000 btc. Type in the richest btc address and then see the lowest you`ll see the range.

madjules007

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Quote from: nonbody on July 31, 2015, 03:21:38 PM

as mentioned above, i have heard of people able to push up the price with their own btc stash, any clue how to do this and how much capital you would need

Most "whales" get slaughtered. Just like most traders, they are quite bad at trading and eventually lose their whale status. There was a whale buying tens of thousands of coins in hidden bids at 250-255 on Bitfinex before the flash crash. Yeah, that guy got harpooned real bad.

freakying99

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Pythagoras and Plato are my brothers.

Quote from: mrhelpful on August 05, 2015, 04:28:49 PM

how much you say?

google the top richest addresses, and the lowest #`s will be around 2,000 btc.

Everyone else has way more then 2,000, but the 2,000 mark is a whale entry.

current rates, that translates to 560,000 esti.

Half a milli aint a whale.

mrhelpful

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how much you say?

google the top richest addresses, and the lowest #`s will be around 2,000 btc.

Everyone else has way more then 2,000, but the 2,000 mark is a whale entry.

current rates, that translates to 560,000 esti.

thezerg

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https://youtu.be/9sHPjhfBRwI?t=50s Cheesy

srgkrgkj

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Quote from: oblivi on August 05, 2015, 01:15:58 PM

It's easy to guesstimate how much BTC you need to move a market. Look at the list here:

http://coinmarketcap.com/

order marketcap from more to less and show it in BTC instead of USD or any other FIAT.
There you go, if you have at least half of the volume of the marketcap of a coin you are a huge whale on that particular market.
If you have 1/4 you are a considerable whale.
Anything less and it's a waste of time.

wow well bitcoin having a market cap of 4billion has deterred many whales but for short term impact you only need a couple hundred btc mate Cheesy

nonbody

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2local[IEO] - https://2local.io/

Quote from: oblivi on August 05, 2015, 01:15:58 PM

It's easy to guesstimate how much BTC you need to move a market. Look at the list here:

http://coinmarketcap.com/

order marketcap from more to less and show it in BTC instead of USD or any other FIAT.
There you go, if you have at least half of the volume of the marketcap of a coin you are a huge whale on that particular market.
If you have 1/4 you are a considerable whale.
Anything less and it's a waste of time.

still requires a considerable investment Cheesy

but thanks

oblivi

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It's easy to guesstimate how much BTC you need to move a market. Look at the list here:

http://coinmarketcap.com/

order marketcap from more to less and show it in BTC instead of USD or any other FIAT.
There you go, if you have at least half of the volume of the marketcap of a coin you are a huge whale on that particular market.
If you have 1/4 you are a considerable whale.
Anything less and it's a waste of time.

nonbody

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2local[IEO] - https://2local.io/

Quote from: futureofbitcoin on August 05, 2015, 07:57:37 AM

this is one of the questions where if you need to ask, you dont have enough.

no harm in asking

AtheistAKASaneBrain

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You can't realistically become a whale in Bitcoin at this point unless you are already rich, but you can control almost any alt market with 100 BTC.

futureofbitcoin

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this is one of the questions where if you need to ask, you dont have enough.

randy8777

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Quote from: Derrike on August 05, 2015, 03:44:07 AM

Quote from: MR1 on August 05, 2015, 02:44:04 AM

Quote from: nonbody on July 31, 2015, 03:21:38 PM

as mentioned above, i have heard of people able to push up the price with their own btc stash, any clue how to do this and how much capital you would need

If you dream of becoming a whale, I recommend you to go to UniCoin. This coin has 1 BTC marketcap. If you invest 0.2 BTC in this coin, be sure you`ll become a mega whale Cheesy

Daily trading volume is also involved in choosing an altcoin and not just market cap.
If a coin have daily trading volume less than 0.1btc then it is a dead coin.

being a wannabe whale of some sort of worthless altcoin won't do much for you. coins with a market cap of 1 btc are left for dead.

Shiver

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I just had a play around with the "Estimate Trading" function in BitcoinWisdom, and put various numbers in there, and it looks like the difference that could be made to the market after fees might be enough to buy a newspaper and cup of coffee even if successful.

I think you'd need to team up with a lot of other people to do it, but even then, who are you going to buy/sell to/from when you want to close the position?

Derrike

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Quote from: MR1 on August 05, 2015, 02:44:04 AM

Quote from: nonbody on July 31, 2015, 03:21:38 PM

as mentioned above, i have heard of people able to push up the price with their own btc stash, any clue how to do this and how much capital you would need

If you dream of becoming a whale, I recommend you to go to UniCoin. This coin has 1 BTC marketcap. If you invest 0.2 BTC in this coin, be sure you`ll become a mega whale Cheesy

Daily trading volume is also involved in choosing an altcoin and not just market cap.
If a coin have daily trading volume less than 0.1btc then it is a dead coin.

MR1

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Quote from: nonbody on July 31, 2015, 03:21:38 PM

as mentioned above, i have heard of people able to push up the price with their own btc stash, any clue how to do this and how much capital you would need

If you dream of becoming a whale, I recommend you to go to UniCoin. This coin has 1 BTC marketcap. If you invest 0.2 BTC in this coin, be sure you`ll become a mega whale Cheesy

erre

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