Topic: How to withstand whales? - page 6. (Read 916 times)

Instead of fighting whales. To make a profit you should think like a whale and do it faster than a whale.

I think it's important for investors to think long term and to be more nimble than the whales. If you step back, you can see the manipulation happening. They cause prices to plummet just so they can swoop in and get everything for pennies on the dollar.

Yes, you absolutely right, it was definitely new information for me.
Nevertheless I think that OTC trading has great influence on the "basic" market.

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.

I don't have an answer, but HODL probably isn't a great strategy, not just for dealing with whales, but in general. The question is - can you imagine a maximum conceivable price for Bitcoin? If you can (if we are assuming that the price can't fundamentally go up forever), then eventually a HODL strategy will invariably screw you. The next question would be, can you imagine when this conceivably high price might come? Obviously no one can. I mean, for all we know, it might have already happened. The point is, HODL needs to be couched with careful analysis.

lol

i think the OP read an article about OTC trading. and because the concept was new to him.. stupidly thoought that it was new to the whole community and thus must have been the cause of recent events.

sorry dude but OTC trading has been done for years. its  been happening on IRC and skype even as far back as i can remember starting out in 2012.. so its been going on even before that.

as for the other stuff you say about selling high OTC, selling low on exchanges. thats just mumbo jumbo theory

OTC trading... and pump&dump groups are two separate groups of people

It doesn't work in such way
If it was true my best friend would be Arnold Schwarzenegger

Be friends with whales and they will be friends with you.

Lol,  I don't think there is a particular way to withstand whales from coming into an exchange,  but here is a trick,  always watch the change of the exchange you trade and the buy and sell order placed already,  if you see any unusual order with large volume , it means a whale is close by,  if it's a buy order at low rate , immediately change you price to also make purchase at a very low rate.

you are mainly using this article to exaggerate things and even spread some FUD!

this has been happening for as long as bitcoin was around. not everyone trusts exchanges or wants to use them. they prefer a more decentralized (peer to peer) way of trading bitcoin. it may also sometimes be because of taxes.

you say this as if it was a thing! maybe someone was idiot enough to do something like that but it was not a major thing. most people invest more responsibly than that. some always take dumb risks.

this doesn't even make any sense!

i call conspiracy theory at best. the drop would have come anyways because of the bubble at $20k and whenever a big drop happens and weak hands are flushed out for good the prices drop more like this. it is inevitable and doesn't have to have some evil group of people behind it.

nobody invests that much money in anything, not just bitcoin. if you invest $500 million in stocks or even gold in one go, you will change its price significantly! what they do is that they invest slowly and based on market size.
and by the way neither polonies nor binance are considered top when it comes to trading bitcoin. they do NOT even have a fiat market!

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.

The small fish in the sea cannot beat the whales so what we can do is to ride with them. It is not easy to determine what the whales are thinking and since they have been communicating with each other, they can decide whatever they can and move the price without problems for their own advantage. For us, we can see some hints on what their next move will be base on the movement in the price, the increase in long or shorts or the sentiment of the people through media manipulation. We can either hold on to our coins when they decide to push it down and maybe accumulate more of it and ride it when they decide to push the price higher.

You can't fight the whales; you can't try to see when they're going to buy, you can't try to do anything that is going to time the market. I don't know when, but at some point, people will notice that if they want to make money in traditional markets (and for crypto, as this hasn't failed yet), you have to HODL. You can't go ahead and sell to cut your losses, just HODL and keep buying back.

That's the only thing which has worked to date, so don't try to reinvent the wheel with trading. Follow what has worked, and what will probably continue to work.

Bitcoin was designed as a peer-to-peer payment system, therefore an crypto exchange markets are no needed to make a transactions between users. I think the "gray" price of Bitcoin correlate to its price on the exchanges anyway.

How to withstand to "whales"? Just be a strong "whale" who is buying when they are selling their crypto currencies.

Dude, it is too dummy tactic  At least it is better to hold, or I don't know, try to learn some things about trading, but stupid following the whales wallets is an already lost game.

we need to monitor whales, if they sell, then we also need to sell everything.

Nice!. I like your way I hope this action is followed by all other users wherever located.


In addition, if bitcoin prices are in a state manipulated by the whales, HODL is impressed in a forced and painful,  only HODL is the single most powerful way to fight whales.

The best thing can be done is HODL which is not easy. It's difficult to see the value of our investment is falling. Many people lose this game and only few people who really believe bitcoin can earn money.

I simply HODL, and buy more whenever I get my salary if the price dips.

Dude, firstly you asking me if I have an another option, and than you propose the same.... where is logic?

Do you really have another option than holding? You can probably sell now and remain with a very big deficit, you will probably recover less than half of what you have invested. 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 but it always recovered and increased even more. I think the history will repeat again because it is to early for bitcoin to end now