Topic: The Crypto Cetaceans: How Whales Consume Bitcoin (Read 129 times)

That doesn't change much. A lot of those "whales" are just lucky enough to be into bitcoin/crypto very early on, and a lot of them are just as dumb as the typical retail trader/investor. Remember the 3AC debacle? Yea, then imagine those "whale" entities that people don't publicly know about.

the "bitcoin richlist" may show more coins in larger stashes. but these are not whales. these are custodian hot/cold wallets of services/businesses.(mostly exchanges)

when it comes to real whale traders. their tactic is very simple

1. have 2 stashes of coin
2. put one stash on the futures contracts where you want to keep the price below X for a week contract, leveraged to multiply wins if your bet hits
3. use another stash on the spot market.

now lets explain point 3 in more detail
when you sell coin to keep the price down. you are not then sitting with fiat stuck with no coin. instead you play arbitrage. by using that fiat to then buy an altcoin, and then swap that altcoin for btc fia other market orderbooks. and then you use that same allotment of btc again to hit the sells again

in short whales are not a one hit wonder and left with a bag of fiat. they spin their funds through arbitrage to get back their btc via an altcoin-btc orderbook to then repeat the selling on the btc-usd order book multiple times

this means they dont need to spend 10kbtc in one hit to chew through 10k of buy orders. instead they can use 100btc and loop through the altcoin order books 100 times to chew through 10k buys on btc-usd

No Sir, that is not the case I am trying to say maximum of the time whales don't hesitate to grab the opportunity but at the same time, normal traders and investors make dumb decisions. They are not divine beings but they are sharp-minded. They use to take the opportunity I was reading a post a few days ago where the different views of fear and greed were explained by according to the OP there you need to be greedy when others are fearful and need to be fearful when others are .... This policy is just discussed by most of the people but it is followed by the Whales most of the times.

I have a lot to say about this unrealistic profit goals in the crypto space, some people get into bitcoin investment at early dips in a bear market but what they failed to do in a bull market is take profits.

Their profit goals are way too high over the roof, and they failed to take a profit even when the price and gains are very high, until it becomes too late, and before they realize what is going on the bears will be gearing up to take action against the market and they will be forced to sell at loss.

Like OP just said do not be too greedy to take profit when we are in a bull market, set realistic goals for yourself and your portfolio, or else you will waste your time holding all this while, 1,000,000$ Bitcoin, for example, is a crazy goal that will never come true.

We are just too far away.

Even though they may have deep pockets, they can still make mistakes, and smaller traders can still find success by staying calm, doing research, and sticking to a solid trading strategy.


Maybe right While using a dollar cost averaging strategy and setting realistic profit goals can be effective ways to reduce the risk of market volatility, there are other options available as well. I think Traders can also consider diversifying their portfolio, investing in a range of cryptocurrencies and assets, to spread risk and reduce the impact of market fluctuations on their investments.

People always look at "whales" as some sort of divine being that always wins their trades and have total control over the markets lmao — well in fact this is very far from the truth. Whales also make dumb trades a lot of times, though obviously far less frequently than the typical retail trader/investor.

Let's assume it was really a whale who buy 64K Bitcoin worth of $1 Billion money, if we're using demand and supply principle, the Bitcoin price will increase right? then why you're act like retailers always lose in the market when you can sell your Bitcoin at that time?

Not all users who are bought Bitcoin is for trading, they're keep accumulating Bitcoin until they earn decent profit during bull market or hold until they die. Some people use Bitcoin to store their wealth, not for making quick profit.

You are somewhat right as the whales can move the market in Altcoins but in Bitcoin they do not hold that much power to manipulate the market. The Bitcoin market is highly volatile and many of those whales will also lose their money if they try to pump it. There is no one who can exactly predict the Bitcoin price and if those whales are long term holders then they won't get affected as Bitcoin's price will reach all time high one day.


This is the way of the market and I agree with you on this point. However, the whales have already accumulated enough Bitcoin when its price went below $16K because most of them were aware that soon Bitcoin will cross $22k mark and that event happened sooner than their estimation. The ones you're referring as weak-hands are also making profit with scalping. Everyone earns differently in crypto market, but I would only call those people week-hands who sell their Bitcoin at loss.


That's true indeed, those who can't control their emotions in crypto-trading world will always lose because of the volatility. The greedy ones who want to get rich quick are always the ones who will sell with losses rather than getting any profits. Their greed turns into fear when they see the red candles, they want the green candles but without a proper trading plan and a well developed strategy they shouldn't even expect the green candles.

The whales are not the one in charge of bitcoin price to rise and fall,bitcoin is a volatile asset and can only be affected by demand and supply. Whales can pump in as much funds into the market or make a sells of their investment, it wouldn't shake the market. However, if it is even possible for the whales to manipulate the market,it will last for only a short period of time.

Bitcoin is decentralized and the price can't be manipulated by anyone. If bitcoin price dips,it is beneficial for both the whales and small investors because if you know the market analysis, you won't panic to sell. You will see it as an opportunity to accumulate more coins. The whales also sell of their investment too,bitcoin is a risky investment and whoever is involved in it can make profit or loss,it depends on the individual understanding on his bitcoin holdings be you a whale or a small investor.

Why do they win? they do not move their coins to sell after every little pump. They HODL.
No one cares if you do DCA or buy at a price all-in, it's about the time you give your investment to grow. It won't grow in minutes or days.

Bitcoin's 4-year cycle is the greatest gift to middle-class people by Satoshi. Learn and understand it, you won't regret it.

I do agree with the senior but my take on them is that whales are those who can afford to lose this is the reason that they invested such a large amount of value in the risky market. But at the same time, people like you can me need to be careful with the market and always need to be aware of the whale's moves because we cant afford to lose more and moe.

Also, Whales never get into FOMO and Panic situations they stay consistent and Hold when they are in Loss because their Financial power allow them to Hold for a Long period of time.


Thanks for the appreciation senior, I will try my best to impose them on my policies.

I wouldn’t say bitcoin has whales like the ones in Alticoins rather this are opportunists that believe in bitcoin and it’s potential. In Alticoins whales are just a few circle of people that control the network just like the Highest stakers in ethereum POS system. But in bitcoin they are hundreds of investors with that large amount of bitcoin in their possession, and as the number of large holders increase around the world it would be hard for a particular whale to control the market price. There are many things that control this market price and this supply and demand is just part of it.

With bitcoin it is easier to get your hands on large number of the coin not like Alticoins. The only thing is the risky of losing, so there aren’t whales in bitcoin I would say since everyone has the same chance of getting bitcoin not Alticoins.

I disagree with these, making profits with bitcoin is not by the quantity of your holdings, everyone has the same potential to make profits base on the level of the asset, neither do the whales the ones that set the market volatility to rise or fall, though their effect may be slightly felt but not the determinant


This same whales make huge loseses in case you don't know, this is the risk in buying and selling, they don't make profits all the time.


Good indicators to always follow, they will help towards achieving best results when you're investing.

We all know that maximum of the time whales make their moves to manipulate the market also we know their accumulation strategy. In trading the term profit taking is used when traders exit from the market there's always a short-time dump in the market. Whales always play with the sentiments of weak hands. For example last week we saw a very volatile market and you know what whales took a lot of the Bitcoins from the market sold by the weak hands and now they gonna give them back to us at high prices.

The point is Whales always win because they are the strong hands of the market, they use to grab each and every opportunity for the accumulation of Bitcoin. A very common piece of advice for the new ones from the seniors is the control emotions such as Fear and Greed and in my view, you can call the whales master of emotions. According the to report the recent market panic made whales more strong as the holders of Bitcoin from 100 Bitcoins to the 10K Bitcoins accumulated around 64K more Bitcoins.

To prevent such type of a crisis you can consider these tips.

-Go for DCA
-Set realistic profit goals
-Stay Informed of Events
-Use the technical indicators