In the market, following in the footsteps of Whales

Kelward

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Quote from: hugeblack on May 20, 2023, 04:03:48 AM

If your investment plan is to follow the saying of a person who has billions of dollars, and there are more than a million people who follow his accounts, then it is likely that you will buy with the rise of the wave and you will achieve losses due to the emotional and ill-conceived investment.

Elon Musk is one of the most personalities that changes a lot of his views and convictions, as he can do something and reverse it within a week, and therefore he is not the ideal person who enables you to make profits. If this is your only investment plan, then the best for you is to start DCA.

Truly, billionaires and influential people like Elon Musk, can manoeuvre any system to their advantage, as long as it favours them, not minding millions of people their actions might disadvantage. So I agree that this set of people might not be the ideal role models to copy, because even if one of their investments or utterances brings a lose to them, it won't affect them, but the same thing can send another person who does not have their financial strength to poverty.

Halime Anatolia

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Quote from: Hamza2424 on May 23, 2023, 03:23:36 PM

I totally disagree with your thoughts.
Ellon is just a Shitposter and he is not a Whale, at least not in Bitcoin because He is not a strong Holder and He doesn't own many Bitcoins. You can say he is a Shitcoin Holder and he can be a whale in the shitcoin market as I am not sure how many shitcoins, he is holding currently.

Besides that Whales are hard to follow, reason because we all can promise ourselves that we will be more patient and consistent but in reality, we can't follow it which is our breaking point. Whales win most of the time because they are the strong hands of the market and they trade against the sentiments and we as investors fail just because of our fast and rushy nature. That doesn't mean we don't make profits we make profits most of the time while whales don't bear loss but they wait for opportunities the profit we make is nothing according to their point of view reason we rush and use to be greedy most of the times which lead us making the tip of profit only.

Yes. For me it's a personal opinion even though it contains a negative assessment of Elon Musk and his Bitcoin assets. But do we have data to see how many BTC assets Elon has? My view is that Elon Musk is a business figure who has influence and has a role in the world of technology and including the crypto industry.

Yes, it's true like you say. They (Whales) are a strong hand in the market but on the other hand the crypto market also tends to be very volatile even though some of them have caused it. Patience = fertile, that is the concept of working whatever it is.

Nwada001

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Quote from: drwhobox on May 23, 2023, 05:29:53 PM

Quote from: Nwada001 on May 18, 2023, 04:54:44 PM

Eleon Musk is just a f*cking businessman and nothing more than that. Whatever he is doing online is not for the public, but it's all about what it can put in his pocket. Dogecoin and every other coin that he has in one way or another promoted were all promoted because he was either a major holder of the coin or a promoter of the project. Either way, he always ended up gaining something out of it. Sometimes, these influencers who predict market trends are the ones trying to use their influence to cause some kind of negative impact on the market in order for the market to drop so that they can bag some more of their desired crypto. It's just pure pump-and-dump business; that's how I see it and nothing more.

What takes you so long to understand that Elon musk is a great businessman?

It did not take me much time to realize that; it just required the right time for me to emphasize how I view him.

Quote

By the way, not only Elon every other whale uses the same strategy in cryptocurrency market to make a profit and harm other small investors. They make you buy when it is their time to sell, they influence people to buy what they are selling. Even people buys shittcoins if their influencers tells them to.

One of the major reasons why I always advise people to avoid investing in projects that are being promoted by this influencer is because they don't only promote coins or tokens that they are buying, holding, or projects that they are about to sell; they also advertise whatever they are paid to advertise, not minding what the end result will be for their followers.

They are aware that when they promote a project, lots of their followers will have to follow them and buy it, which will increase the demand and pump up the price of that particular coin or token, giving the project owners the best opportunity to rug pull and gain back all the money they might have spent for promotion, leaving the holders with nothing.

drwhobox

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Quote from: Nwada001 on May 18, 2023, 04:54:44 PM

Eleon Musk is just a f*cking businessman and nothing more than that. Whatever he is doing online is not for the public, but it's all about what it can put in his pocket. Dogecoin and every other coin that he has in one way or another promoted were all promoted because he was either a major holder of the coin or a promoter of the project. Either way, he always ended up gaining something out of it. Sometimes, these influencers who predict market trends are the ones trying to use their influence to cause some kind of negative impact on the market in order for the market to drop so that they can bag some more of their desired crypto. It's just pure pump-and-dump business; that's how I see it and nothing more.

What takes you so long to understand that Elon musk is a great businessman? By the way, not only Elon every other whale uses the same strategy in cryptocurrency market to make a profit and harm other small investors. They make you buy when it is their time to sell, they influence people to buy what they are selling. Even people buys shittcoins if their influencers tells them to.

Hamza2424

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I totally disagree with your thoughts.
Ellon is just a Shitposter and he is not a Whale, at least not in Bitcoin because He is not a strong Holder and He doesn't own many Bitcoins. You can say he is a Shitcoin Holder and he can be a whale in the shitcoin market as I am not sure how many shitcoins, he is holding currently.

Besides that Whales are hard to follow, reason because we all can promise ourselves that we will be more patient and consistent but in reality, we can't follow it which is our breaking point. Whales win most of the time because they are the strong hands of the market and they trade against the sentiments and we as investors fail just because of our fast and rushy nature. That doesn't mean we don't make profits we make profits most of the time while whales don't bear loss but they wait for opportunities the profit we make is nothing according to their point of view reason we rush and use to be greedy most of the times which lead us making the tip of profit only.

jrrsparkles

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Quote from: omgitsmehehe on May 18, 2023, 02:56:12 PM

they regulate volatility by holding many trading positions in the market. It is usually suggested to follow the trade mark of these top whales, as this is the only way to earn an excessive amount of money with cryptocurrencies?

But how do you know their trading position?

If you're simply going behind their words then its just stupidity because whales always go the opposite of what people do so if you're seeing buy, buy everywhere then its actually the time to sell and the clear evidence can be noticed at the peak of bull and bear trend.

It's okay to follow the strategy of whale and its simple so but you can never predict what will be their next movement and don't say you're going with the signals.

Freddie Boyer

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Yes. At least believer or not e.g. Elon as you mean he has a particular view on market trends, potential opportunities that affect market sentiment because they often have a higher risk appetite and the financial capability to sustain that potential. In certain cases there is a downside as well as they are able to create volatile markets such as pump and dump schemes, to gain profits at the expense of small traders. So. my view is that following their actions without strong analysis can also lead to losses.

Shamm

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Quote from: cryptoaddictchie on May 20, 2023, 04:54:05 AM

Quote from: omgitsmehehe on May 18, 2023, 02:56:12 PM

Elon Musk is a prime example of a crypto market whale. He kept disclosed possible coins in his portfolio and activated the buy option whenever he anticipated incoming news for either positive or negative market movement. Whales are the leading buyers and investors in a possible coin, which might be bitcoin or an altcoin in the sector; they regulate volatility by holding many trading positions in the market. It is usually suggested to follow the trade mark of these top whales, as this is the only way to earn an excessive amount of money with cryptocurrencies?

If super early maybe yes. Like a second to his Tweet and you already find the coin he is pertainign about but being late might give you a fomo wrong move since others already have gotten in and ready to sell to those who are late comers. Thats how strong Elon so Im not sure its good to invest on what he shill if you know this minutes or hours long already youll be converted into exit liquidity.

This is the consequences here it because are all know that once you are in the last portion of investment in elon musk investment then you're probably loss your capital as we can say that those people are in top or who are investing earlier than you like what elon musk did once he reach the goals then he can bring the coin back to normal which is many people who following him got loss.

Elon is a businessman an he won't loss his money if he can't get double or triple his capital.

palle11

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You can't even follow the footstep of whales because you can't trace their footage. How much do you have to buy coins that will cause panic in the market because that is one thing the whale do by creating artificial fear which makes hodlers to drop what they have while the whale DCA on them. However there are people who feed from the crumps of the whale, they are mainly the group managers like telegram who get a number of information that you don't have but also manipulate their members against the market because they have to make their own margin profit. The market is that way both real life and online.

Forever101

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Quote from: paid2 on May 18, 2023, 03:36:43 PM

Apart from that, do you think the whales would be better off revealing their real strategy to everyone? Couldn't sending false buy and sell signals be part of their own strategy? In that case, the small investors will be the ones who will be harmed and who will allow the whales to make their money, right?

This is just the basic truth, will it be wise when whales announces their next line of action regarding a particular crypto in other for small investors to make gains from their own money?. I think same strategies are being used for crypto pump and dump to make gains from others' investments. It is high time , people become wise and stop being a gambler and victims of so called whales. Every whales actions is to further increase their own wealth. I think most whales have already invested before announcing, exiting the market when others are coming in base on the information reaching them. This is why whales will continue to be whales and the greedy small investors will continue to be their ladder to next level.

Jawhead999

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There's no proof if he's a whale in the crypto project he mentioned in his twitter, but it's true he have power to manipulate the market for short term because many of his followers taking serious with his tweet including you.

Remember he only influence the price for short term, not long term. If you're can make profit from his tweet, it's good, but you relying your investment based on his tweet is really stupid.

cryptoaddictchie

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Quote from: omgitsmehehe on May 18, 2023, 02:56:12 PM

Elon Musk is a prime example of a crypto market whale. He kept disclosed possible coins in his portfolio and activated the buy option whenever he anticipated incoming news for either positive or negative market movement. Whales are the leading buyers and investors in a possible coin, which might be bitcoin or an altcoin in the sector; they regulate volatility by holding many trading positions in the market. It is usually suggested to follow the trade mark of these top whales, as this is the only way to earn an excessive amount of money with cryptocurrencies?

If super early maybe yes. Like a second to his Tweet and you already find the coin he is pertainign about but being late might give you a fomo wrong move since others already have gotten in and ready to sell to those who are late comers. Thats how strong Elon so Im not sure its good to invest on what he shill if you know this minutes or hours long already youll be converted into exit liquidity.

hugeblack

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If your investment plan is to follow the saying of a person who has billions of dollars, and there are more than a million people who follow his accounts, then it is likely that you will buy with the rise of the wave and you will achieve losses due to the emotional and ill-conceived investment.

Elon Musk is one of the most personalities that changes a lot of his views and convictions, as he can do something and reverse it within a week, and therefore he is not the ideal person who enables you to make profits. If this is your only investment plan, then the best for you is to start DCA.

mk4

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Elon Musk being a "whale" is total speculation as we have zero proof other than him being wealthy, especially the trading part lmao because I don't think he actually does that. It's just the fact that Elon has huge influence over markets — it doesn't necessarily make him a "whale".

BitDane

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Quote from: omgitsmehehe on May 18, 2023, 02:56:12 PM

EWhales are the leading buyers and investors in a possible coin, which might be bitcoin or an altcoin in the sector; they regulate volatility by holding many trading positions in the market.

They are also the leading reason why an altcoin become worthless due to their pump and dump schemes. Right after the whales had sucked out the support on the coins after they dump their coins for profit, they will move on to another possible prospect and never look back leaving the coin economics in devastated condition.

Quote from: omgitsmehehe on May 18, 2023, 02:56:12 PM

It is usually suggested to follow the trade mark of these top whales, as this is the only way to earn an excessive amount of money with cryptocurrencies?

If you can have an eye and ear of this whale group then it would be great to follow their movement. But if we don't have the fund to move the market, we will never follow the examples of these whales, all we can do is just ride on their strategy if it happen that we know their plans and future actions. Sadly that information is not available in public so more often than not, we are too late to react and always 1 step behind. So instead of following this whales, it is best to learn trading technique.

AakZaki

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Quote from: BlackBoss_ on May 18, 2023, 07:43:37 PM

People have their money, their hands, their brains to make decisions and why they put their belief in Elon Musk and easily FOMO with Elon Musk's tweets about any cryptocurrency.

If they easily to decide to spend money because of a tweet, they can do it with tweets from any infuencer, not only from tweets from Elon Musk.

I don't have sympathy for people who lost their capital to shit tokens this way.

Those who risked their money by buying just because of a tweet would have been affected by FOMO. FOMO causes prices to continue to rise and because Elons Musk's followers are so many, this will have an effect on prices, there will be flash pumps and flash dumps. Those who lost capital because of Elon's tweets seem to be unprepared for all the risks. Don't follow it if you don't get a bigger risk. it's only for people who can afford to lose, but the profit will also be greater if it succeeds

BlackBoss_

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Quote from: Nwada001 on May 18, 2023, 04:54:44 PM

Eleon Musk is just a f*cking businessman and nothing more than that. Whatever he is doing online is not for the public, but it's all about what it can put in his pocket.

People have their money, their hands, their brains to make decisions and why they put their belief in Elon Musk and easily FOMO with Elon Musk's tweets about any cryptocurrency.

If they easily to decide to spend money because of a tweet, they can do it with tweets from any infuencer, not only from tweets from Elon Musk.

I don't have sympathy for people who lost their capital to shit tokens this way.

Nwada001

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Eleon Musk is just a f*cking businessman and nothing more than that. Whatever he is doing online is not for the public, but it's all about what it can put in his pocket. Dogecoin and every other coin that he has in one way or another promoted were all promoted because he was either a major holder of the coin or a promoter of the project. Either way, he always ended up gaining something out of it. Sometimes, these influencers who predict market trends are the ones trying to use their influence to cause some kind of negative impact on the market in order for the market to drop so that they can bag some more of their desired crypto. It's just pure pump-and-dump business; that's how I see it and nothing more.

Zaguru12

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Quote from: omgitsmehehe on May 18, 2023, 02:56:12 PM

It is usually suggested to follow the trade mark of these top whales, as this is the only way to earn an excessive amount of money with cryptocurrencies?

The likes of Elon Musk are not just whales giving trading advice but rather promoters, promoting their Altcoins. Following there trading tips only lure one into their trap of investing in a pump and dump coin. If you analyze the past once they hype the coin and many investors follow suit in buying due to the fear of missing out, in days you see most of these coins dumped. It is this called whales that actually withdrew their funds after getting people into it. So to me it is not a great idea to only follow trading tips from the whales.

Bitcoin doesn’t have whales because it is very hard to see a whale taking off his coin or making a decision that could shake up bitcoin like whales decides the Alticoins fate.

un_rank

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- Jay -

Buy bitcoin and hodl > copying the investment strategy of whales.

The trick to investing is not to over complicate the process, Elon Musk is a Billionaire and can take different levels of risks, regular investors do not have that liberty. Keep it simple.

- Jay -

Topic: In the market, following in the footsteps of Whales (Read 253 times)