Topic: The Whales; Myth or not - page 2. (Read 706 times)
This so called whales are those lucky ones also who invest in these tokens or coins early when the price is still at 1 gwei or 1 sats.Some are translators and bounty managers I think. But mostly day traders affect the price so much everyday.
I agree with you that whales really interfere with the stability of bitcoin market prices which means they are in control to raise and lower the price of bitcoin whales should help boost the price of bitcoin so that bitcoin is growing and the price is getting more expensive
the whale concept is neither a myth nor fiction, its just an acronyms use to describe dominance. so in the crypto space, the whales are investors that has the resources to purchase a company's token and hodl, thereby gaining control over the market.
Of recent we have had a couple of conversations discussing whales and their level of influence on the bitcoin market.
Most are familiar with the concept of, who a whale is. Someone who owns a percentage of a certain currency large enough to cause a disruption in the market through various actions can be referred to as a whale.
It is believed that a few hands hold a larger share of the total bitcoin in circulation.
While it is possible that this investors might know each other personally, that doesn't at all mean they all work together to manipulate the market.
Someone willing to invest a couple of millions in currency should have a higher target than trying to make a quick buck by risking his assets. And with the maturity of bitcoin as a currency, (over 109billion in market value) manipulating the market is not as easy at it once was, but still as risky.
Whales are most times believers in that asset or commodity, more so than the average investor. And I don't see why they would risk their assets in an attempt to hurt and degrade the value of what they believe in.
Am not suggesting you be ignorant of market manipulations, but filter any information you get for bullshit.
As an investor, sharp, short market changes shouldn't bother you as much, and as a trader, rely on other forms of analysis, technical and foundamental.
And develop the right mindset to control your emotions.
I think whales are those who founded on the construction of crypto, anonymous people who are the pioneer of this system we belong not that large enough but the whole of it that they have may cause a large impact to the market but theres no factual evidence is presented thus it it only an opinion Most are familiar with the concept of, who a whale is. Someone who owns a percentage of a certain currency large enough to cause a disruption in the market through various actions can be referred to as a whale.
It is believed that a few hands hold a larger share of the total bitcoin in circulation.
While it is possible that this investors might know each other personally, that doesn't at all mean they all work together to manipulate the market.
Someone willing to invest a couple of millions in currency should have a higher target than trying to make a quick buck by risking his assets. And with the maturity of bitcoin as a currency, (over 109billion in market value) manipulating the market is not as easy at it once was, but still as risky.
Whales are most times believers in that asset or commodity, more so than the average investor. And I don't see why they would risk their assets in an attempt to hurt and degrade the value of what they believe in.
Am not suggesting you be ignorant of market manipulations, but filter any information you get for bullshit.
As an investor, sharp, short market changes shouldn't bother you as much, and as a trader, rely on other forms of analysis, technical and foundamental.
And develop the right mindset to control your emotions.
Maybe most of the whales are the early adapters and investors on Bitcoin that's why they hold tons of it. I don't think that they know each other because it is a threat to their security and life if other people will know that they are holding a huge amount of Bitcoin.
You are right. Whales were the early investors of bitcoin. No one can read the future but they was lucky that's why they held a lot of bitcoin for the future. The much money can help to make more money! So, whales are can manipulate the market price by their huge amount of money. Whales are not a myth, they are real.
The whale is real, according to the head of financial market research of investment company Global AQR capital management, Aron Brown, about 40% of the bitcoin cycle is spread, held by 1000 users.
and these 1000 users are called "WHALES".
when the whales sell some of their bitcoin assets, then the market will fall.
the majority of them are the first users of bitcoin or Senior.
and these 1000 users are called "WHALES".
when the whales sell some of their bitcoin assets, then the market will fall.
the majority of them are the first users of bitcoin or Senior.
Investors with a greater ability to influence the market, called whales, according to a business analysis, had no move in their portfolios in the last dump this week. Of course, when the whales move, they shake the market.
According a new research out of analytics firm Chainalsysis claims that Bitcoin, and the broader cryptocurrency market, has not experienced prices influenced by the activity of whales. The study reports following the activity of 32 of the largest Bitcoin wallets, which in all command 1 million in BTC, worth around $6.3 billion in market value or about 6 percent of the total Bitcoin capitalization.
Only about a third of the whales are active traders. And while these trading whales certainly have the capability of executing transactions large enough to move the market, they have, on net, traded against the herd, buying on price declines.
While all 32 of the wallets examined in the study hold massive amounts of Bitcoin, worth a collective total in the billions, only one third of the accounts were found to make trades on a regular basis or with the sort of frequency that would typically be associated with whale behavior. Despite the smaller portion of large wallets that are engaged in frequent trading, the group still manages to command $2 billion worth of Bitcoin in capital, or about 2 percent of the total valuation of BTC. However, Chainalsysis data concludes that the actions and trade volume of this group are not enough to exert any direct impact on the volatility of Bitcoin pricing.
That net activity demonstrates that trading whales were not selling off Bitcoin in any mass amount, but rather were net receivers of Bitcoin from exchanges in late 2016 and 2017. This indicates that trading whales were, in aggregate, buying on declines and, consequently, were a stabilizing, rather than destabilizing factor in the market
According a new research out of analytics firm Chainalsysis claims that Bitcoin, and the broader cryptocurrency market, has not experienced prices influenced by the activity of whales. The study reports following the activity of 32 of the largest Bitcoin wallets, which in all command 1 million in BTC, worth around $6.3 billion in market value or about 6 percent of the total Bitcoin capitalization.
Only about a third of the whales are active traders. And while these trading whales certainly have the capability of executing transactions large enough to move the market, they have, on net, traded against the herd, buying on price declines.
While all 32 of the wallets examined in the study hold massive amounts of Bitcoin, worth a collective total in the billions, only one third of the accounts were found to make trades on a regular basis or with the sort of frequency that would typically be associated with whale behavior. Despite the smaller portion of large wallets that are engaged in frequent trading, the group still manages to command $2 billion worth of Bitcoin in capital, or about 2 percent of the total valuation of BTC. However, Chainalsysis data concludes that the actions and trade volume of this group are not enough to exert any direct impact on the volatility of Bitcoin pricing.
That net activity demonstrates that trading whales were not selling off Bitcoin in any mass amount, but rather were net receivers of Bitcoin from exchanges in late 2016 and 2017. This indicates that trading whales were, in aggregate, buying on declines and, consequently, were a stabilizing, rather than destabilizing factor in the market
Sleeping princess and Snow princess is a Myth whereas Whales is real, in every cryptocurrency, there must be people who have that crypto-coin in a very large amount that's called Whale, and when people who have large amounts of crypto coins sell all their coins then the price of the crypto-coin will go down, CMIIW 
Whales are the people who have 20BTC above. They can control the market because they can set a buy wall or a sell wall. Now, those people who have small coins like me will panic because of a loss or greediness. If they will catch small investors to their net then the trap of whales is effective.
Of recent we have had a couple of conversations discussing whales and their level of influence on the bitcoin market.
Most are familiar with the concept of, who a whale is. Someone who owns a percentage of a certain currency large enough to cause a disruption in the market through various actions can be referred to as a whale.
It is believed that a few hands hold a larger share of the total bitcoin in circulation.
While it is possible that this investors might know each other personally, that doesn't at all mean they all work together to manipulate the market.
Someone willing to invest a couple of millions in currency should have a higher target than trying to make a quick buck by risking his assets. And with the maturity of bitcoin as a currency, (over 109billion in market value) manipulating the market is not as easy at it once was, but still as risky.
Whales are most times believers in that asset or commodity, more so than the average investor. And I don't see why they would risk their assets in an attempt to hurt and degrade the value of what they believe in.
Am not suggesting you be ignorant of market manipulations, but filter any information you get for bullshit.
As an investor, sharp, short market changes shouldn't bother you as much, and as a trader, rely on other forms of analysis, technical and foundamental.
And develop the right mindset to control your emotions.
Most are familiar with the concept of, who a whale is. Someone who owns a percentage of a certain currency large enough to cause a disruption in the market through various actions can be referred to as a whale.
It is believed that a few hands hold a larger share of the total bitcoin in circulation.
While it is possible that this investors might know each other personally, that doesn't at all mean they all work together to manipulate the market.
Someone willing to invest a couple of millions in currency should have a higher target than trying to make a quick buck by risking his assets. And with the maturity of bitcoin as a currency, (over 109billion in market value) manipulating the market is not as easy at it once was, but still as risky.
Whales are most times believers in that asset or commodity, more so than the average investor. And I don't see why they would risk their assets in an attempt to hurt and degrade the value of what they believe in.
Am not suggesting you be ignorant of market manipulations, but filter any information you get for bullshit.
As an investor, sharp, short market changes shouldn't bother you as much, and as a trader, rely on other forms of analysis, technical and foundamental.
And develop the right mindset to control your emotions.
A whales or big player are true into this crypto world and not a might,because this is not only a story happen from the past,actualy the whales are existing into this crypto world,they are always there can manipulate the block market situation,they are the one capable the ups and down of the price value of trading investment,thefeore my conclusion that they are true and not a legend.
I think that there is no such a myth that doesn't have at least a part of truth. To my mind, whales exist, otherwise, people wouldn't talk about them. As for me I know little about them but thanks to your post I learnt more
In my opinion whales do exist. They possess a lot in the market, enough to manipulate the market. Although it needs to be stated that they have a lot going in the market and the risk is also bigger for them.
Funny you should come up with this thread about the same time Chainalysis just came up with this blog post about Bitcoin whales... Believe it or not, there are wallets with large amounts.
Whether or not we believe whales exist and are benevolent or malevolent forces doesn't matter, as the blog points out. Their nett effect at current market rates and daily volumes are negligible, or at best, temporary.
Stabilising force as Chainalysis says? Maybe.
Whether or not we believe whales exist and are benevolent or malevolent forces doesn't matter, as the blog points out. Their nett effect at current market rates and daily volumes are negligible, or at best, temporary.
Stabilising force as Chainalysis says? Maybe.
There will always be the 1% wherever you go and bitcoin is sadly no exception. However, I don't think all whales are necessarily evil and they influence or manipulate the market. Their risk factors for them are higher than anyone else combined.
I still think it is not a myth. It as real as Bitcoin in the market.Whales do exist and they do influence the market to certain extent but you can't help it.It is common in every market,people with more money and power has more control on market and market assets.
In my opinion whales do exist and they do manipulate market somewhat. But market does price rely on many other factors too.
Maybe most of the whales are the early adapters and investors on Bitcoin that's why they hold tons of it. I don't think that they know each other because it is a threat to their security and life if other people will know that they are holding a huge amount of Bitcoin.
Do not be naive. I truly believe in global conspiracy and by this theory all whales know each other, well, probably the most of them. I just wander for the reason why the most of whales are still holding bitcoin's, does that mean that 20000 $ we saw last year is not the limit? Do you mean holding bitcoin from dropping more than 6000usd? If bitcoin can't go down that much maybe someone is accumulating. If all are selling and the price won't go down there may be someone planning to explode this thing. It's like history repeating itself.
The existance of "whales" might be true. They have probably adopted bitcoin in the early phase and this lead to them having tons of it.
As I think, whales are large companies or rich people who can manipulate their capital price on the stock market.
I think they exist, but they always try to hide it because if people know who owns a lot of cryptocurrency, it will be dangerous for their lives
I think they exist, but they always try to hide it because if people know who owns a lot of cryptocurrency, it will be dangerous for their lives
but still, I think that there really are large players who pay for everything they say in the media and so on. they manipulate the market and make very good money on it
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