Topic: The trick of the Whales - page 2. (Read 2331 times)
It is very obvious sometimes for these whales that they are becoming noticeable by those who are already knowledgable in Cryptocurrency. I am not sure if there are measures to prevent being swindled by them other than buying at low volumes and not putting too much in one crypto basket.
Yes it's rampant on Bittrex and probably all the other exchanges as well. Go put in a buy order for a completely dead coin with little to no volume. Immediately you'll see the bots kick into gear and try to goad you into buying at a higher price. Wash trading probably happening too
I notice the same too, perhaps you are right. This is like a psychological game, the whales make the price low for a period of time. When people lose confidence and interests, they tend to sell the coins cheap to whales.
You are probably right. Actually I see such behavior now with the Mysterium network token (MYST). The typical daily volume is about 15 BTC, but there are 5-15 BTC walls appearing and disappearing all the time. Also when the price moves away from some range, sometime there is sudden 50-100 BTC spike in the trading volume. It all looks suspicious, exactly like a whale filling their pockets at low prices.
The Myst price chart on Bittrex really looks like someone with fat wallet is artificially pushing the price down to buy cheap. You can see it on the flat lines, when someone places a big sell wall, but the market is willing to increase the price, so it stays flat. I think they would be very badly surprised if someone would buy their low-price sell walls instantly
Same thing has been happening with NBT,, easy profits to be made just buying into the walls and waiting for the eventual pump... both run sideways for a while then pump, repeat
Yes you think is the same as me,but not for BTC or ALT that has many devotees.Fellow whales race go to the star the twinkling ones,in conclusion easy whales keep the price balance by planting a sturdy fence
You are probably right. Actually I see such behavior now with the Mysterium network token (MYST). The typical daily volume is about 15 BTC, but there are 5-15 BTC walls appearing and disappearing all the time. Also when the price moves away from some range, sometime there is sudden 50-100 BTC spike in the trading volume. It all looks suspicious, exactly like a whale filling their pockets at low prices.
The Myst price chart on Bittrex really looks like someone with fat wallet is artificially pushing the price down to buy cheap. You can see it on the flat lines, when someone places a big sell wall, but the market is willing to increase the price, so it stays flat. I think they would be very badly surprised if someone would buy their low-price sell walls instantly
Trading and forward progressive movement in the coin / token can be directly coupled to the gentle but progressive upward movements on price indexes. If a tech has a solid business plan and roadmap et cetera, again, tied with real world services, then yes, the price rises - traders help with the fluctuations and volatility but there is long term value too...
Whales are playing with Lisk a lot, Lisk will rise to triple digits level within a year and they know it so they are trying to accumulate as much as they can for the cheapest price possible.
classic pump and dump by whales, look at bittrex ADA. that was stupid 2k sats buys
Yes that could be true,
and not only that, they are Pumping other useless coins and earning money on it while keep buying more and more of the other coins that they keep cheap
and not only that, they are Pumping other useless coins and earning money on it while keep buying more and more of the other coins that they keep cheap
I don't think it's the game of whales. Whales don't interested in shitcoins that cost nothing, they invest in bitcoin and other well known currencies. And the fact that the price for coins, which are kinda in the shod we today, doesn't change us only because people who bought it on the ICO just holding it with expecting of it's rise. Everyone is just holding, do you get the point?, so it's a circus. They are holding and expecting that someone else will start to sell or buy it to the price finely start to move.
This is the risk of those people who do make investment specially on ICO or even on traditional buying of altcoin you wont even know if that coin would be pumped up or not and as you said was true on which those whales wont easily pump a certain coin if they dont see that it is worth to be pumped. 
Have you noticed that there are some valuable coins that keep on staying ''under the radar'' at ridicoulous prices?
That's impossible.... but in some cases I think the big players with big money manipulate the price of these coins to keep them as low as they can
There are some other coins very valuable which stay at the same price.... we can think about ETHereum... evryone know it was a big potential coin, but the last year in this period it was 13 $ and staied in this price for a lot, before TO EXPLODE
The boom for some coin is at the corner... I think that some coins that are valuable but keep on stay underpriced, are manypulted by whales
There is the trick of sell/buy wall that an experienced trader would known....basically the whales put a big order at buy (increasing the buy demand) and then delete their order, making the price fall, and keeping it ''stable''
SO my touhght is:: LOOK THE DAILY -WEEKLY ORDER BOOK AT THE EXANGES..... if YOU SEE BIG ORDERS WHICH SUDDENLY DISAPPEAR ON A valuable coin THIS is the signal that The whales are keeping the price low to accumulate, because they know there is HIGH CHANCEs that that coin will be very valuable in the future
This my personal teory, not applicable on all coins, because it works also as ''pump and dump'' with shitcoins...so not only for ''valuable coins''
What do you think about it?
That's impossible.... but in some cases I think the big players with big money manipulate the price of these coins to keep them as low as they can
There are some other coins very valuable which stay at the same price.... we can think about ETHereum... evryone know it was a big potential coin, but the last year in this period it was 13 $ and staied in this price for a lot, before TO EXPLODE
The boom for some coin is at the corner... I think that some coins that are valuable but keep on stay underpriced, are manypulted by whales
There is the trick of sell/buy wall that an experienced trader would known....basically the whales put a big order at buy (increasing the buy demand) and then delete their order, making the price fall, and keeping it ''stable''
SO my touhght is:: LOOK THE DAILY -WEEKLY ORDER BOOK AT THE EXANGES..... if YOU SEE BIG ORDERS WHICH SUDDENLY DISAPPEAR ON A valuable coin THIS is the signal that The whales are keeping the price low to accumulate, because they know there is HIGH CHANCEs that that coin will be very valuable in the future
This my personal teory, not applicable on all coins, because it works also as ''pump and dump'' with shitcoins...so not only for ''valuable coins''
What do you think about it?
such as???
what coins are you talking about specifically?
I don't think it's the game of whales. Whales don't interested in shitcoins that cost nothing, they invest in bitcoin and other well known currencies. And the fact that the price for coins, which are kinda in the shod we today, doesn't change us only because people who bought it on the ICO just holding it with expecting of it's rise. Everyone is just holding, do you get the point?, so it's a circus. They are holding and expecting that someone else will start to sell or buy it to the price finely start to move.
Trading and forward progressive movement in the coin / token can be directly coupled to the gentle but progressive upward movements on price indexes. If a tech has a solid business plan and roadmap et cetera, again, tied with real world services, then yes, the price rises - traders help with the fluctuations and volatility but there is long term value too...
The danger that the whales have, when the price is on their way to the moon, they have only to put the graph down
I was watching it happen yesterday with Ardor There was a 100btc wall that stopped the upwards trend and send everything down %10
They have been doing it with LBRY for months now.
They have been doing it with LBRY for months now.
almost all markets are manipulated by whales
Have you noticed that there are some valuable coins that keep on staying ''under the radar'' at ridicoulous prices?
That's impossible.... but in some cases I think the big players with big money manipulate the price of these coins to keep them as low as they can
There are some other coins very valuable which stay at the same price.... we can think about ETHereum... evryone know it was a big potential coin, but the last year in this period it was 13 $ and staied in this price for a lot, before TO EXPLODE
The boom for some coin is at the corner... I think that some coins that are valuable but keep on stay underpriced, are manypulted by whales
There is the trick of sell/buy wall that an experienced trader would known....basically the whales put a big order at buy (increasing the buy demand) and then delete their order, making the price fall, and keeping it ''stable''
SO my touhght is:: LOOK THE DAILY -WEEKLY ORDER BOOK AT THE EXANGES..... if YOU SEE BIG ORDERS WHICH SUDDENLY DISAPPEAR ON A valuable coin THIS is the signal that The whales are keeping the price low to accumulate, because they know there is HIGH CHANCEs that that coin will be very valuable in the future
This my personal teory, not applicable on all coins, because it works also as ''pump and dump'' with shitcoins...so not only for ''valuable coins''
What do you think about it?
That's impossible.... but in some cases I think the big players with big money manipulate the price of these coins to keep them as low as they can
There are some other coins very valuable which stay at the same price.... we can think about ETHereum... evryone know it was a big potential coin, but the last year in this period it was 13 $ and staied in this price for a lot, before TO EXPLODE
The boom for some coin is at the corner... I think that some coins that are valuable but keep on stay underpriced, are manypulted by whales
There is the trick of sell/buy wall that an experienced trader would known....basically the whales put a big order at buy (increasing the buy demand) and then delete their order, making the price fall, and keeping it ''stable''
SO my touhght is:: LOOK THE DAILY -WEEKLY ORDER BOOK AT THE EXANGES..... if YOU SEE BIG ORDERS WHICH SUDDENLY DISAPPEAR ON A valuable coin THIS is the signal that The whales are keeping the price low to accumulate, because they know there is HIGH CHANCEs that that coin will be very valuable in the future
This my personal teory, not applicable on all coins, because it works also as ''pump and dump'' with shitcoins...so not only for ''valuable coins''
What do you think about it?
yes, I agree with you. When lot of normal traders thought that the coin will not increase any more and sell the coin, then the whales start buying it and the coin value goes up. It have happened several time before. Maybe some thing similar is going to happen with the dogecoin also. People have almost no faith in it and it keep deeping down maybe time for the big whales .
If few whale hold huge proportion of coins, it is very easy for them to speculate coins. Personal contribution limits in ICO is to get rid of such whales. It is not good for coins only good for whales.
I think the new Eths of nowdays are the decentralized exange. They will boom, but who knows which one... 0x, bitshares, waves .. there are so many
IN my opinion waves is not a real decentralized exange because on the DEX you can exange only a few coins and custom tokens (which none cares about it)
Anyway I thin decentralized exange are the new boom
In my opinion the rise of ETH was a sign of the first step in the direction of mass adoption. I started my way into the cryptomarket because of ETH. I heard from it in march. I knew at this time, what BTC is. But I didn't knew about all these alts. By chance I read an article about ETH. And I have to tell, that I was not really interested in these kind of technology, it was outside my world - until I heard from ETH. I remembered the rise of BTC, saw my chance and stepped in immediately.
All in all:
A noob like my got to know and grabbed his chance.
And I think, there are thousands upon thousands like me out there, because it was the time for it - and the long bullish run begun.
All in all:
A noob like my got to know and grabbed his chance.
And I think, there are thousands upon thousands like me out there, because it was the time for it - and the long bullish run begun.
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