Topic: How to withstand whales? - page 5. (Read 916 times)
Unfortunately you cannot do Mich avoid whales but some precautions may help you. For instance, you should not consider weak coins which are often pumped by whales.
The effective way to withstand whales is never make any quick decision when they dump the coins.
just let they dump, they want to buy back with the lower price if we follow to dump.
just let they dump, they want to buy back with the lower price if we follow to dump.
I suggest not withstand. Try to be with him. Understand what he try to do and do same. that's hard for me now a days. but when i realize how they move that's gonna be beautiful.
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.
This is quite a quite obvious behavior for the really big whales, however I didn't think about that. What I wonder is how do they find each others to make these trades. You onviously don't place an ad on a newspaper "looking for other whales for OTC trades".
The best thing to do is HODL is not easy. It's hard to see our investment fall. Many people are losing in this game and it's just some people who believe that bitcoin can make a lot of money. 
Some people just end up giving up even when it comes to holding their bitcoins because as soon as the currency starts to rise something happens and then it falls down again. And this has been an endless cycle. To get profits now you will have to buy low and immediately sell when it reaches a certain value while you recoup the profits in between. 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.
I agree with you mate to resist whales the best thing we could do is to HODL but eventually we cannot control everyone to do that it is because there are people who easily get panic and sell their coins which they do not know that they are already feeding the whales also there some reasons why they sell it too like for example emergencies or our of budget but if we can prevent our selves to do that and unite to HODL bitcoin will probably go higher now.
How to Beat a Whale:
1.) Find a whale that has a daughter (even if she looks like a swamp donkey / if she is hot then that's just a bonus)
2.) Find out as much as you can about his daughter then start interacting with her somehow
3.) Pull out all the stops and get her to fall madly in love with you.
4.) Put a ring on it
5.) Welcome to the Whale league.
- If you can't beat them.....join them...lol
Obviously, this is a joke - had to clarify that cos some folks around here seem to lack a sense of humour.
1.) Find a whale that has a daughter (even if she looks like a swamp donkey / if she is hot then that's just a bonus)
2.) Find out as much as you can about his daughter then start interacting with her somehow
3.) Pull out all the stops and get her to fall madly in love with you.
4.) Put a ring on it
5.) Welcome to the Whale league.
- If you can't beat them.....join them...lolObviously, this is a joke - had to clarify that cos some folks around here seem to lack a sense of humour.
Be friends with whales and they will be friends with you.
How do you suggest we make friends with the whales. Where are you meeting them? I have met some in other fields but not in crypto!
The best thing to do is HODL is not easy. It's hard to see our investment fall. Many people are losing in this game and it's just some people who believe that bitcoin can make a lot of money.
What are your suggestions??? I think the only way is just HODL despite the fact of price collapse.
not a good suggestion. there are a lot of options when there is a big drop on the way. HODL is only true when price reaches the bottom and you are too late to do anything else. other than that the dips are a good place to make a huge profit and increase the amount of bitcoin you own.It's true that anyone could've doubled their BTC if they sold their coins back in december and bought it back again on this bear market. But there are problems doing day to day trades, especially if you're not an experienced trader or someone who can handle the stress and emotions.
OP, if it's true that you're not a trader, you might want to practice it now!
The main thing is not to give in to various news that provoke to sell all your assets in the crypto currency, if you know exactly that whales are interested in it.
We can not keep up with the whales, so keep an eye out for Crypto prices so that you can surf the net and take profit in the short term, to predict long-term BTC prices. can not.
There is nothing we can't do about them. They have enough money to buy and sell as much BTC as they want to and it will always happen because they want to earn money no matter what consequences are. IF you are afraid about your profits then simply hold and don't panic. If you would be interested in trading then you would have a problem because you would not be able to predict the market. Once Bitcoin becomes more popular and expensive, it won't be easy to manipulate its price. Give it some time, you have to withstand it.
If you enter the market long enough you will realize that you have no way of fighting the whales at this time when the market is under a lot of control by wealthy investors. You can win when you follow the whale trend and vice versa you will fail. Let's study this if you want to get results in the cryptocurrency market.
You are right, a common man cannot fight against big whales because they got good money and experience to manipulate the prices. What one can do is to behave according to their investment strategies and not against it. For instance, if you see sudden rise in prices like 100-200% in few days without any solid news, sell the coins.
Not much you can do against the whales unless you form a trustwothy community that can act as a whale. However, you cannot really trust anyone in this crypto world, looking at some of the articles these days you cannot even trust your own family let alone strangers
if you want to hold all the assets you have. then can get satisfaction when agan sell it.
agents must have principles and predictions that are good and appropriate in accordance with the target that you are targeting. and that's not something easy. we have a lot to read about the world of crypto. and always exchange opinions to all our friends .
agents must have principles and predictions that are good and appropriate in accordance with the target that you are targeting. and that's not something easy. we have a lot to read about the world of crypto. and always exchange opinions to all our friends .
It is hard to beat the whales when you are dolphin. but we can unify together by not doing any panic sell.
so that the whales cannot take the advantages of panic sells done by most peoples.
so that the whales cannot take the advantages of panic sells done by most peoples.
today many people carry the good name of bitcoin, by bringing the name, they use to deceive many people, so many victims, especially for beginners. and the end, the name of bitcoin become bad in public.
and I think this is the impact of the lack of world attention on bitcoin, the world is trying to cover the bitcoin from the public.
and I think this is the impact of the lack of world attention on bitcoin, the world is trying to cover the bitcoin from the public.
We cannot really go against a whales since the amount of btc they are holding even reaches to more than a hundred thousand bitcoins. The only way to withstand them is to not go against their movement but to join with their flow. If for example they will dump huge amount of btc and that will cause panic then you started buying bitcoins and when the whales are pumping the coins it is your time to sell them.
You should actually ride the waves with the whales that is why you should buy when prices go down because there will definitely be a pump by whales which will increase the price then you can just sell and repeat
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