Bitcoin is good to hold for long term. Many authorities want bitcoin price drop and trying to kill bitcoin price but I do believe bitcoin will survive. Right now many expert from investment bank make prediction that bitcoin can rise to $25k on years end.
Whales always want to buy bitcoin cheap and trying to manipulate bitcoin price but if we keep our bitcoin hold, i think they will have difficulty
Topic: How to withstand whales? - page 4. (Read 907 times)
The whales for us, there are not many ways we can protect them. They have too many bitcoins and can easily manipulate the market. If they are trading over-the-counter to control prices, then we can All have.
Indeed, most of the time, the whales use the FUD to manipulate the price of bitcoin.
So don't panic at this point. What people need to do is just hold on.
So don't panic at this point. What people need to do is just hold on.
This is really hard, if you are a day trader you can't just hold since you are monitoring your amount on daily basis and you just can't lose more than 20% of your current asset because of the FUD made by this whales.
What I can really think of right now is that instead of contradicting the flow of the price because of the whales. We are more likely needs to go with the flow which is really hard in the first place unless you can talk with them since this is a mind game.
Whether we like it or not whales control everything in the industry including crypto currency, they are the one responsible in price manipulations in stock markets or crypto exchanges. If you buy into their games you’ll get rekt easily, but if you study on how they move markets you’ll get profits easily and avoid being broke.
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.
Indeed, most of the time, the whales use the FUD to manipulate the price of bitcoin.
So don't panic at this point. What people need to do is just hold on.
So don't panic at this point. What people need to do is just hold on.
Still it cannot prove that not all whales are doing direct trading to each other. If whales need to push the price down they cannot do it just by selling or exchanging FIAT to each other. If Skype Transactions are there way to deal it is because they just want an exact amount or quantity of crytpocurrency they want to get in exchange of their money without influencing the market, but they will always base their trades on the current market value of the cryptocurrency, and they won't stray away far from it.
If you have read attentively the article and my comment, it was mentioned that if they want, a single whale could manipulate the price of centralized exchanges (where trade the majority) the way they want, that's not a problem at all for them.
It seems that one way to avoid whales is to patronized decentralized exchanged instead. Its just suspicous why centralized exchanges has the biggest factor that tells us the current price of crypto. I dont understand why people keep telling that they love decentralization while having the fact that most of them are patronizing centralized exchanges. Its just make no sense at all.
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.
Let them continue to trade like that as cash over the counter. One day they all will need to buy bitcoin and they will not find any seller among themselves so they will come to these exchanges and they will by from these exchanges at that time they will cause the price of bitcoin to rise. That time is not away from us and sooner they will be in less of supply as in limited market there always felt a decreased supply. 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.
HODL is not particularly suitable for every trader because some are unable to muster the courage necessary to sit tight though price could be nose diving. To such persons, I would say instead of chasing shadows, trying futilely to hinder whales, best to align with their trend and make the most such opportunities offers.
It's easy to hodl when only a small % of your money is at stake.Many got into crypto with most of their money, hoping to get it back soon with an interest.
Following the wales is probably best to do if you can't be one.
Being up in the mountains, and letting everyone else fight for data and speed. You’re slowing down while they’re speeding up. It’s counter-intuitive. But sometimes that’s where the edge is. Doing the opposite of everyone else, and taking the opportunity they’re leaving on the table.
READ MORE HERE: https://medium.com/luchini-in-the-air/a-simple-hack-for-startup-investors-953880eb69f0
READ MORE HERE: https://medium.com/luchini-in-the-air/a-simple-hack-for-startup-investors-953880eb69f0
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.
HODL is not particularly suitable for every trader because some are unable to muster the courage necessary to sit tight though price could be nose diving. To such persons, I would say instead of chasing shadows, trying futilely to hinder whales, best to align with their trend and make the most such opportunities offers. 
HODL would be the best option.But we could not expect newbies also to do the same as they get panic quickly and sell off their coins.
hodl is not only the best option when a whale attacks or start to manipulate the market. What if whales do buying tactic in order to increase the price of a certain coin? Do you think hodling is still the best thing to do? of course not , we need to act fast by selling our coins immediately because whales manipulation are only temporary.
If newbies is your concern because they tend to panic sell. Then let them panic sell. if the price can go down we can still use it as our advantage by buying the coins at a lower cost. We can then sell those coins after the market starts to recover again. As simple as that.
HODL would be the best option.But we could not expect newbies also to do the same as they get panic quickly and sell off their coins.Big whales could not manipulate bitcoin easily as altcoins not only due to its huge volume,but also due to the early investors who steadily HODL supporting bitcoin.
when whales were involved into certain market and coins, i think once you know it that they were there, you should avoid it or you just need to watch it.
to dangerous play with them, high fluctuations has been created to just make fast FOMO and Panic at the same time
to dangerous play with them, high fluctuations has been created to just make fast FOMO and Panic at the same time
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.
jes they dont just do that they also influence the established and fancy cryptomedia to do so called "bull calls" thats when they have bought token and want to sell more expensive etc.
I do not thinkn there are good ways to wothstand whales 'cause you do not have the equivalent in btc. I mean if they want to drop prices they just push bhtc in mass to the market, what can we do? - nothing btc remains unregulated which is good in first place..
"Circle traded OTC up to $4 billion a month over the past year, spokeswoman Jennifer Hanley said." - So they just keep
on fu#king us over.
" It can also be a way for whales to avoid making big waves or spooking the market by keeping their trades private." I call
Bullshit on this, because these people are using OTC to benefit their own hidden agendas. If they want to hurt the price and
not attract attention, they would just buy massive amounts of coins on OTC platforms and then dump them gradually on the
exchanges, when they want to manipulate the price. This explains why we have been seeing a steady decline in the price,
since last year.
on fu#king us over.
" It can also be a way for whales to avoid making big waves or spooking the market by keeping their trades private." I call
Bullshit on this, because these people are using OTC to benefit their own hidden agendas. If they want to hurt the price and
not attract attention, they would just buy massive amounts of coins on OTC platforms and then dump them gradually on the
exchanges, when they want to manipulate the price. This explains why we have been seeing a steady decline in the price,
since last year.
I agree with you, because the sale of bitcoin with high value will make the skeptical bitcoin value and unstable bitcoin value.
Finally, bitcoin confused should stay at which point.
and our attitude is holding or buy along with whales.
how to judge the whale to start buying . my strategy is to find the address of the whale's wallet and pay close attention to the direction of the coin inside . Finally, bitcoin confused should stay at which point.
and our attitude is holding or buy along with whales.
These consortiums are always in control of the cryptocurrency market, and they cause price fluctuations by buying or selling them in large quantities!
They lose their money when they buy and sell! I think that as long as investors insist on holding their own cryptocurrency, everything they do is in vain!
They lose their money when they buy and sell! I think that as long as investors insist on holding their own cryptocurrency, everything they do is in vain!
hodl and buy is the solution when the market is bearish, I am more happy with the double strategy. I do not only buy bitcoin, but also I invest in every altcoin like Ripple, monero, NEO.
and this can withstand whales although only temporary. whales control the market and prices. so, I think that double strategy is the solution to make the whale silent.
and this can withstand whales although only temporary. whales control the market and prices. so, I think that double strategy is the solution to make the whale silent.
Jump to: