How much money do i need to start becoming a whale - page 2.

oda.krell

legendary

Activity: 1470

Merit: 1007

Quote from: RyNinDaCleM on August 03, 2015, 06:10:35 AM

A whale does not imply cornering a market. If you don't know what you are doing, the "whale" status can go away very fast.

To create a panic driven FOMO event;
1) quietly and slowly buy what you want to hold for the trip.
2) place bids to create the appearance of support, thereby making others trust that they won't get burned if they buy at whatever level.
3) well placed market orders can do a lot, but again, it must be believable or the sellers will just push it right back to where it started. Then you are no better off and have more coins that are not in the profit zone.
4) grasp any straw you can find and spoon feed it to the community. These "fundamentals" should be mewn worthy.
5) follow the price with bids at a safe distance being sure to not actually buy more than you desire or are able to dump when the time is right.
6) every so often, throw out a market sell to gauge the jumpiness of the market. When price action is so weak that bids don't fill right back to the original spot, wait a little longer and...
7) DUMP

Additional steps that can be taken;
8 ) Rinse
9) Repeat
10) Profit

Peasant 1: We have found a whale. May we burn him?

Knight: How do you know he is a whale?

Peasant 1: He talks like one!

Knight: Bring him forward

RyNinDaCleM: I'm not a whale! I'm not a whale!

Knight, to the peasants: What makes you think he is a whale?

Peasant 2: Well, he made me lose all my money!

Knight, looking at bags of money held by peasant 2: (awkward silence)

Peasant: I got better...

Peasants, chanting: Burn him anyway! BURN! BURN! BURN HIM!

Bobsurplus

legendary

Activity: 1008

Merit: 1000

Making money since I was in the womb! @emc2whale

Is this OP even serious? Listen dude. You cant become a btc whale, and you can try to be a whale in the alt game but if you swim up the wrong stream you'll be swimming back home broke feeling like a tadpole.

#JustFacts

freakying99

sr. member

Activity: 429

Merit: 250

Pythagoras and Plato are my brothers.

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

You cant become a bitcoin whale and move the btc markets anymore.
You can try to move alt markets though if you have enough btc and know what your doing.

Andy4.4

newbie

Activity: 42

Merit: 0

Just more than what is listed on buying or selling list.

erre

legendary

Activity: 1694

Merit: 1207

Simply slowly buy all franko or lottocoin or whatever on the market, meanwhile open multiple threads around Internet stating some shit about your chosen coin, stating that island is going to adopt it as main currency or whatever. Show the price increase you create as a proof of wall street heavily buying your asset.
Later, watch the newcomers arrive and buy at whatever price. Constantly push up the bids with fake orders.
After the price have increased 10%, or what your goal is, with sufficient real bids....cancel orders and dump

As simple as that.

odolvlobo

legendary

Activity: 4522

Merit: 3426

Quote from: AtheistAKASaneBrain on August 03, 2015, 05:34:25 AM

Quote from: Derrike on August 02, 2015, 12:59:47 PM

Can you please tell me the way to manipulate the altcoin market.

Simple, just have at least 1/4 of the total BTC's on the buy order and you'll have a decent % of control to play with and try to influence people into falling for your fake orders and potentially great buy and panic sells. It takes a lot of time and skill tho, few can pull it. I wish I had that kind of BTC but I dont.

In other words, you don't really know if it is possible because you have never done it. You have just heard anonymous strangers saying that it can be done.

Quote from: RyNinDaCleM on August 03, 2015, 06:10:35 AM

To create a panic driven FOMO event;
1) quietly and slowly buy what you want to hold for the trip.
...
7) DUMP

Buy high, sell low?

RyNinDaCleM

legendary

Activity: 2408

Merit: 1009

Legen -wait for it- dary

A whale does not imply cornering a market. If you don't know what you are doing, the "whale" status can go away very fast.

To create a panic driven FOMO event;
1) quietly and slowly buy what you want to hold for the trip.
2) place bids to create the appearance of support, thereby making others trust that they won't get burned if they buy at whatever level.
3) well placed market orders can do a lot, but again, it must be believable or the sellers will just push it right back to where it started. Then you are no better off and have more coins that are not in the profit zone.
4) grasp any straw you can find and spoon feed it to the community. These "fundamentals" should be mewn worthy.
5) follow the price with bids at a safe distance being sure to not actually buy more than you desire or are able to dump when the time is right.
6) every so often, throw out a market sell to gauge the jumpiness of the market. When price action is so weak that bids don't fill right back to the original spot, wait a little longer and...
7) DUMP

Additional steps that can be taken;
8 ) Rinse
9) Repeat
10) Profit

AtheistAKASaneBrain

hero member

Activity: 770

Merit: 509

Quote from: Derrike on August 02, 2015, 12:59:47 PM

Quote from: Amph on July 31, 2015, 03:48:08 PM

probably in the range of early adopters, unless you are willing to manipulate exchange with small volume, if you really want to manipulate some markets it's better to focus your attention on altcoin

they are so tiny that everyone here, can manipulate some of them

Seriously!!!!
I would love to do that.
Can you please tell me the way to manipulate the altcoin market.

Simple, just have at least 1/4 of the total BTC's on the buy order and you'll have a decent % of control to play with and try to influence people into falling for your fake orders and potentially great buy and panic sells. It takes a lot of time and skill tho, few can pull it. I wish I had that kind of BTC but I dont.

Derrike

member

Activity: 84

Merit: 10

Quote from: Amph on July 31, 2015, 03:48:08 PM

probably in the range of early adopters, unless you are willing to manipulate exchange with small volume, if you really want to manipulate some markets it's better to focus your attention on altcoin

they are so tiny that everyone here, can manipulate some of them

Seriously!!!!
I would love to do that.
Can you please tell me the way to manipulate the altcoin market.

abercrombie

legendary

Activity: 1159

Merit: 1001

I would say 200 BTC for a baby orca whale, and 1,000 BTC for a full adult sperm whale.

Moving 200 BTC on a slow day raises eyebrows and can pop BTC $1 USD in either direction. Shocked

mamafii

newbie

Activity: 34

Merit: 0

as much as you can..
more than 10.000 BTC may be. mould a coins everyday and never sleep...

rivoke

legendary

Activity: 924

Merit: 1006

Morelike a thousand IMO or someone that able to move the graph for bitcoin's value ,significantly.
But this statement , "becoming a whale" is relative subject because many people measure "how big" in different values.

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

nonbody

hero member

Activity: 826

Merit: 501

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

Quote from: Dire on August 01, 2015, 04:31:07 AM

Perhaps the OP means how much to be a whale in view of an alt coin? In that case, I'd say it's far less than 5000 Bitcoins depending on the market cap of the coin in question.

i was referring to both alt coins and btc Cheesy

what percentage of a total alt coin should i have to make a difference

Dire

member

Activity: 112

Merit: 10

Crypto-Games.net: DICE and SLOT

Perhaps the OP means how much to be a whale in view of an alt coin? In that case, I'd say it's far less than 5000 Bitcoins depending on the market cap of the coin in question.

Panadacoin

sr. member

Activity: 296

Merit: 251

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.

erre

legendary

Activity: 1694

Merit: 1207

Quote from: shorena on August 01, 2015, 02:39:14 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 depends on how much you want to move the market and you can see it for yourself. Go to bitcoinwisdom[1] and select Tools -> estimate trading. It allows you to enter the amount of BTC/USD you want to buy and how much it would currently change the price on that exchange. 5000 BTC would currently change the price by ~12% to 315 USD/BTC.

[1] e.g. for bitstamp https://bitcoinwisdom.com/markets/bitstamp/btcusd

I suppose that the price change would become a lot less in a matter of minutes, because of arbitrage with other exchanges. Moving price is costly, and almost useless, it's not like that if you are a whale you control the market, you only can inflence the spot price.

Everybody can be a whale with altcoins and experiment it.

shorena

copper member

Activity: 1498

Merit: 1528

No I dont escrow anymore.

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 depends on how much you want to move the market and you can see it for yourself. Go to bitcoinwisdom[1] and select Tools -> estimate trading. It allows you to enter the amount of BTC/USD you want to buy and how much it would currently change the price on that exchange. 5000 BTC would currently change the price by ~12% to 315 USD/BTC.

[1] e.g. for bitstamp https://bitcoinwisdom.com/markets/bitstamp/btcusd

Hopalong

member

Activity: 112

Merit: 10

Quote from: nonbody on July 31, 2015, 03:25:50 PM

Quote from: unamis76 on July 31, 2015, 03:23:38 PM

The most you can make. Walls get bigger and bigger... The more you have the better. There is no fixed number. You can push the market with more or less Bitcoins, dependeing on the current volume.

Giving a shot at a certain number, I'd say 5000+ BTC

wow. stupid question: is it a good idea to take part in this or is it frowned upon

It is not frowned upon. A whale makes some action and oportunities for everyone else.

unamis76

legendary

Activity: 1512

Merit: 1012

Quote from: nonbody on July 31, 2015, 03:25:50 PM

Quote from: unamis76 on July 31, 2015, 03:23:38 PM

The most you can make. Walls get bigger and bigger... The more you have the better. There is no fixed number. You can push the market with more or less Bitcoins, dependeing on the current volume.

Giving a shot at a certain number, I'd say 5000+ BTC

wow. stupid question: is it a good idea to take part in this or is it frowned upon

You do whatever you want. That's the good part on Bitcoin markets. The bad part are some people who participate in it Cheesy

And also, as said, the number of bitcoins needed to change a market varies a lot, according to volume and to the website you're using for trading...

Amph

legendary

Activity: 3248

Merit: 1070

probably in the range of early adopters, unless you are willing to manipulate exchange with small volume, if you really want to manipulate some markets it's better to focus your attention on altcoin

they are so tiny that everyone here, can manipulate some of them

Topic: How much money do i need to start becoming a whale - page 2. (Read 3179 times)