Topic: How to withstand whales? - page 3. (Read 907 times)
You exchange and the purchase and offer request set as of now, in the event that you see any surprising request with expansive volume.we need to bind together to defeat them.the best you can do is to join pools to contribute whales.
To Hodl is the single most effective and appropriate way of not feeding whales, but we also have to make a purchase. How wonderful if the plan is done simultaneously by all bitcoin users without exception, but it seems difficult to do because some of us are still many sell bitcoin even though the price is low
You trade and the buy and sell order placed already, if you see any unusual order with large volume.we need to unify to overcome them.the best you can do is to join pools to invest whales.
I think whales is the market controller, they can buy and sell huge amount of coins in the market.
but i think to withstand whales, as a small individuals, we need to unify to overcome them. Let the whales sell and dump their coins.
we dont need to follow dump our coins because the price dropping. and later they will buy back.
but i think to withstand whales, as a small individuals, we need to unify to overcome them. Let the whales sell and dump their coins.
we dont need to follow dump our coins because the price dropping. and later they will buy back.
Most of the times when the whales take over, we are rendered helpless as we are most of the times caught in aware, unfortunately there is nothing much that we can do. Instead just hold on to those coins as much as possible
I really don't care about whales. I go about with my own trading business without minding them. I surf around smoothly without the burden of thinking, "what will the whales be doing next?" At one point, a time came to each of us when we got pissed with the fact that whales could manipulate the market. But it came to me, "why bother?" They have the upper hand! It's not that I'm being pessimistic, I'm just being optimistic with my own business and not theirs. So today, I don't get affected with what these whales do. I have my own strategy which works best for me.
It's actually quite useful to observe and utilize whale manipulation patterns. Whales manipulating the market means they do the work for you, where if you spot their patterns early enough, you can benefit from their manipulation nearly as much as they themselves do. In current times it looks like large parties are using well coordinated dumps to keep the price where it is right now, all to keep accumulating and to ride the secondary betting market that BitMex offers. There seems to be a very strong correlation between the regular market dumps and the short bets placed on BitMex. I wonder if BitMex is doing anything to track suspicious market activity on their platform, but probably not.
Hey guys, just found a mind-blowing article about whales and "skype trading".
So in December, when common people sold houses and cars or took loans in the bank and bought bitcoin during its unprecedented growth, bankers quietly sold all the bitcoins out of the exchange at high prices, and this did not affect the exchange rate, but when not over-the-counter areas were over, they came to the stock exchanges and the remains of bitcoin were already sold on open exchanges, causing a price collapse.
If a whale wants to buy bitcoin for $ 500 million and go with this amount to the one of top 5 exchanges, such as Poloniex or Binance, he can in one trading session, push the rate one or two thousand dollars up, and that's exactly what he does not need.
What are your suggestions??? I think the only way is just HODL despite the fact of price collapse.
Quote
A small group of about twenty over-the-counter (OTC) traders and clients including big investors, miners, payment processors and hedge funds, has reached a monthly trading volume worth billions of dollars. Instead of using an online exchange like Coinbase or Kraken, the participants close major deals chatting on Skype and settle them by sending fiat via bank wires and cryptocurrency directly to each others’ wallets.......
So in December, when common people sold houses and cars or took loans in the bank and bought bitcoin during its unprecedented growth, bankers quietly sold all the bitcoins out of the exchange at high prices, and this did not affect the exchange rate, but when not over-the-counter areas were over, they came to the stock exchanges and the remains of bitcoin were already sold on open exchanges, causing a price collapse.
If a whale wants to buy bitcoin for $ 500 million and go with this amount to the one of top 5 exchanges, such as Poloniex or Binance, he can in one trading session, push the rate one or two thousand dollars up, and that's exactly what he does not need.
What are your suggestions??? I think the only way is just HODL despite the fact of price collapse.
I would agree with your HODL strategy, Whale's are something that exist currently however as mainstream adoption increases they will become extinct. In the beginning there where few players but as time goes on all cryptocurrencies will become more diluted amongst more and more people hence forth decreasing risk of pump and dumps.
I really don't care about whales. I go about with my own trading business without minding them. I surf around smoothly without the burden of thinking, "what will the whales be doing next?" At one point, a time came to each of us when we got pissed with the fact that whales could manipulate the market. But it came to me, "why bother?" They have the upper hand! It's not that I'm being pessimistic, I'm just being optimistic with my own business and not theirs. So today, I don't get affected with what these whales do. I have my own strategy which works best for me.
That is really how the world goes. Powerful people group together to have a bigger control on anything they wanted. If they want to manipulate the market, their billions of money can easily do it. Even it is in crypto or not, it is very possible for people like them and we can't do anything about it.
You're right that we can't change anything but we can do something.We can ride the waves they set for us and make a profit.
It's the reason I read the news before trading every day.
Despite of what will happen to bitcoin price like it will take a longer months of bearish market, the best thing to do is really to hold your coins adjust wait for it to recover. I believe that btc and alts will not stay long in this bearish market and there will be time that market will become alive again because of the pump. Let us not be affected by any bear market that will ever come for it is just temporary and this will regain back the market on the right path of recovery. With this, I think that we can withstand the whale investors strategy by holding our coins and will just wait for the right timing before selling the coins.
On the off chance that whales need to push the cost down they can't do it just by offering or trading FIAT to each other. On the off chance that Skype Transactions are there approach to give it is on account of they simply need a correct sum or amount of crytpocurrency they need to get in return of their cash without affecting the market, yet they will constantly construct their exchanges light of the present market estimation of the digital money, and they won't stray away a long way from it.
That is really how the world goes. Powerful people group together to have a bigger control on anything they wanted. If they want to manipulate the market, their billions of money can easily do it. Even it is in crypto or not, it is very possible for people like them and we can't do anything about it.
to hold the whales you do not seem to be able because the whales have so much money and can be the driving force of coin prices. you better follow the game of the whale to be able to earn a lot of profits.
I would say it is better to take the risk and hold your bitcoin for the future because the price is more likely to go up after this big fall. Bitcoin had a few moments in the past where the price increased very much and after that drop very low
I think in general people probably overestimate how much individual traders are personally affecting the Bitcoin market. The natural supply and demand isn't going to be disrupted too much by a few big traders in my opinion. People like to use 'whales' as an excuse and explanation when the market trends downwards. It's literally always been like that since Bitcoin was worth a couple of bucks.
To hold is best response if you bought bitcoin from its highest price but If you can manage to ride with the whale manipulation in the market can give you a chance to restore what was your lost but the risk become double.
There is no doubt that big whales plays a big roles in manipulating bitcoin price. But to withstand big whales strategy we need to make an analysis on how to manage it so that we can avoid possible losses. Try to absorb the risk because if we succeed it will worth to big profit.
if you are alone and have very little capital it seems like you will find it difficult to control or defeat the whales, you better follow the whale game and can benefit from the whale game.
i think only hold to withstand whales,with many good coin :eth btc bnb bch.. in the future it will increase but when it can rise it is a long time and if we only hold for log time we can take profit,trading days is very tired with whales
Be friends with whales and they will be friends with you.
I don't know if that is possible, you cannot keep up with them even if you try, because they have vast resources and big funds to allocate on their trading, the best you can do is to join pools to invest whales can continue manipulate the price and you cannot keep up with their action.
Individually as a hodler there is nothing we can do to thwart the whales from manipulating the market and the most annoying is that when they dump btc they usually create FUD thus encourages many smaller btc hodlers to dump too out of fear, personally I don't entertain any fear again as I have a firm belief that whenever the price of btc crashes due to whales activities it always bounce back.
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