Topic: The whales stirred. What should we expect? - page 2. (Read 1009 times)

What sounds?  I'm sure you hear voices in your head telling you that Bitcoin is not going up anytime soon  but still... It think I already know the answer but I'll ask you this question: what are your sources? 

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In fact, in the title of the topic - there were no STATEMENTS, there were assumptions and a question - what could such movements of large sums mean?
The fact that bitcoin did not sink much, and even won back today, is the market situation. On the other hand, there are more and more sounds that the expected growth of bitcoin will most likely not happen... In a word, there are more questions than answers

Whales leaving crypto market certainly deserves our attention, and even the assumption of it deserves our attention too. Thank you DrBeer for opening this topic and providing some  great advices above.

My question is, are they leaving? I just checked the news regarding this issue, and found nothing frightening there. After SEC Chair Gary Gensler made his negative comments about crypto two weeks ago, Bitcoin price, contrary to the expectations of skeptics, hasn't started dropping



In fact, it's even a bit higher today than it was back in July 27. To me it looks like whales just ignore those comments.

To consider cryptocurrencies as the ONLY investment channel is foolish. Diversification is the only reasonable, logical, and risk-reducing approach.
In 201x, cryptocurrencies have only spawned a new market of investment and speculation. Yes, it works, yes it WILL work, yes it is available to virtually everyone (this is a huge competitive advantage). But to dwell only on it is foolish, however frustrating it may sound.
To me, the ideal scheme for investment looks (roughly) like this:
- investing in several markets
- profit/loss taking
- part of profit - for reinvestment in the same market or in other markets
- part of profit - fixation in "classic assets" - real estate, gold,.....
- part of profit - fiat currencies - in the form of a "multi-currency basket".
- study of negative experience. It is obligatory ! Negative experience - it is really the most important !
This will minimize the risks of losses in virtually any situation in the world.

I think everything will come to an end, if we are currently worried about the future of cryptocurrencies then we must immediately look for alternative investments or sources of income, of course we must always be realistic that changes will continue to occur so that the assumption that whales will leave cryptocurrencies deserves our attention.

Let's not focus on just one "tragic" assumption?
In fact, the crypto market is a "treasure" for those who have money and time. There is no other market for earning money like the crypto market - large-scale, speculative, and what is very important - very accessible to "any mortal, without licenses and other things." And accordingly, those who can buy on dumps and sell on pumps, knowing that the waves will continue to continue, are happy to earn on it. I am absolutely sure that there will be another ramp and springboard ahead, and there will be another fall. And I suppose that the movement of cryptocurrency arrays can "hint" of some kind of expectations for possible earnings.

I couldn’t think Bitcoin era ending. I think Future of Bitcoin and Cryptocurrency are good. Along with the whales, ordinary people are also getting involved with Bitcoin. Many people involving regularly with crypto market. Most of them are investing on Bitcoin. From pandemic people has been jobless and they are involving with Bitcoin. We know when bulk people involve in any project that project will successful. So i think not ending, starting new era of Bitcoin i strongly believe it. Even Some crypto whales going away but New whales are coming i think. So i think future of crypto will good. I am also jobless person and my thinking from cryptocurrency market i will remove my financial crisis. I invested huge amount in this cryptocurrency market. I strongly believe i will get my financial freedom from here.

I mean there's not much that we can do with that besides accept the fact that they transferred their cryptos. It's theirs anyway lol. Plus bitcoin's in a pretty safe spot right now and the sale of hundreds/thousands of bitcoins in one go projectively wouldn't really do much about its price in the long run. So we should still be okay sitting pretty at this spot although a price movement is badly needed especially as December closes in which isn't necessarily the best months for crypto. Anywho no reason for anyone to panic right now or lose their shit since it's just whales selling, not the whole market. They don't hold the power over bitcoin here even though they own bags and bags, we do.

Well, on the fall of bitcoin, just such a model can be implemented. Playing in a falling market
- fix part in fiat/stablecoin
- as a result, "at the bottom" - increase your bitcoin reserves, postponing it for a long-term perspective, for 1-3-5 years, until the next SPECULATIVE market acceleration, which will give 2 or more "X"s. Quite a realistic program

If I was a whale, I think that it would be more effective to invest a few millions in order to boost the hype of a new ATH next year in social and mass media, and make a x2 or even a x3 before selling. The only reason to sell early would be an opportunity to reinvest elsewhere in the hope of achieving better results. I don't think they are worried about an eventual price drop as we, small investors, can be.

Judging by the value of bitcoin, and the sluggish attempts to keep it at 30k, the situation is not very positive. Now it is very important to understand what will happen in the next few days - will there be support, or will there be a mass dumping "before it drops even more". I think the value of crypto is now quite strongly influenced by the global situation and the attractiveness of cryptocurrencies may fall. Over the last 24h, the global 24h trading figure was $20.24B, indicating a -25.37% drop in transaction volume. It feels like they are "hiding" and waiting for some event....

In terms of sentiment, investors initially selling their coins is not necessarily a sign of their not feeling optimistic about the future of bitcoin. There are a lot of different reasons out there. First of all, there is pressure from the government as they increasingly tighten regulations that increase risk and uncertainty for investors. Besides, because of legal limitations in the policy, many organizers are really uncertain and long-term trust in bitcoin. At the same time, the market hasn't changed much, so selling to get some back is understandable.

When we are moving out portfolio to an exchange, it shows that the reason may be solely for the purpose of trading them not for any safety. I lf I would have to move my coin portfolio for safety then i will rather move them to another wallet that is not an exchange.
Although we might also have so many reasons behind our decision making but surely sending crypto to an exchange is not a good way to keep them safe.

 An exchange might declear bankruptcy and decided to go exile or getting hacked which is one of the news we have been hearing before now happening to exchanges that do not have a strong security to secure the assets of customers.

The entire crypto market is so unpredictable and even though whales are planning to sell I don't think is the right position for them to sell now, despite I can't control their action of selling but looking down from what we saw at when bitcoin gained lot of traction; that is when it was that higher whales would have sold then but yet hold till now, but what do I say?
Sometimes its hard to predicts those holders as they may acts strange over the cost of protecting their assets probably wanting to secure their investment which could warrants them stirring up the market.

But nevertheless, some actions could be to move their assets to a safer storage where they finds comfortability or possibly move to exchange in preparation for the next trend but this is not certain, as I know a good investor could never move their valuable assets to a centralized exchange where they had no full control of their asset, or don't mind some of them might possibly do that because I believe those who are here technically oriented in terms of security precaution and protection of their wallets. Alternatively most of those big whales have ventured into a project which required funding and this could make them sold some of their holding to finance their vision projects, very possible!

I don't think it's correct to make this assumption at this point. There is a big chance that if these coins are coming to exchange they might be coming to buy altcoins and pump altcoins after bitcoin is pumped. Also it's impossible to actually know what's happening without seeing the data actually. if you have the data points with you post them here to give some insights to people as well.

That’s pretty far stretched assumption mate. If someone is moving their Bitcoin then it is not just for selling purpose always. It could be purely for the sake of safety, security of funds. When Bitcoins are sitting ideal in one bitcoin address for very long then it becomes very risky and thousands of enthusiastic people would be watching that wallet. This is the reason they keep changing it.

Moreover, whales are not just individuals sometime they could be exchanger Bitcoins, mixer services having their wallets refilled or moved and bunch of other entities working on it. It’s better not to jump a conclusion like this hard.

Unfortunately when whales make a move, like not even trade, just move their money around, that causes a lot of people to fear what may happen. That is not really a way to trade, just because they moved their money doesn't mean anything, it doesn't mean they will invest just because they are taking it out, doesn't mean they will sell just because they move it in.

I think we should not make moves based on the possibility of whales making a move, it would be smart if we could make a move based on their actual moves, that makes sense because they actually did something, but that doesn't change anything on the long run neither. I hope that people can see that and they can just wait until there is an actual movement on the market.

As the last few days have shown - the predicted growth of bitcoin did not happen. Moreover, the rate fell. The question is, has anyone analyzed
- the change in the volume of bitcoin sales in July ?
- change in the volume of altcoin BUY in July ?
Maybe it will be clear what's going on

Once the whales participated in the marketplace, you'll get to see more excitement in fluctuation in price. There will be more displacement going higher or lower depending on which side those big funds will be on. There will be no pump and dump. When the whales are present, it is only either only up or only down. They are like the marketmakers.

Since there was a fantastic increase from 2017, there has been a lot of speculation about whales, even an analyst believes that big bitcoin owners can pump and dump prices so that speculation about bitcoin is growing, and news like this is normal because new facts will always be discovered from transactions on exchanges.