Topic: To become a whale... (Read 3469 times)
With just 10-50 BTC, you can be a whale on most alt coins which in turn, you could even become a bitcoin whale with your huge gains from altcoins.
With 50 BTC you can already do quite some movement on the market.
But to be a whale, I'd say that you need at least 200 BTC.
But to be a whale, I'd say that you need at least 200 BTC.
40BTC is nothing in bitcoinland. That's less than $12,000 and 40BTC trades get eaten as if they didn't even exist. Often 5,000BTC is enough to swing the price of bitcoin a fair amount, which is currently about 1.5 million dollars. I would just call that a shark/dolphin though. About 3 million dollars or 10,000BTC would be a whale in my book.
To become a whale... Besides owning over 1000 coins, whales don't post in this forum
...how many bitcoins do you need to possess? Just curious what people's thoughts are.
Here is my analysis: https://bitcointalksearch.org/topic/how-many-coins-is-a-lot-finally-answer-inside-946938
You need about 800 coins.
Grab 10 BTC, put them safely in cold storage and wait a couple of years. Don't lose them, don't mess around with them. In 5 years or so you can manipulate the market with 5000 mBTC - which people will find mezmerizing.
odd 100 btc 
Most Bitcoin whales were early adopters who had the luck or foresight to become involved in the Bitcoin community when it was still largely unknown to the outside world. This can be verified this by looking at the blockchain - i.e. a few addresses control a very large number of bitcoins.
The definition of a whale being someone who has over 1,000 BTC makes sense because a whale is someone who has enough coins that their actions can cause a noticeable shift in the markets. 100 BTC would probably be enough to effect a small change in the Bitcoin markets and several times that (e.g. 200-500 BTC) would produce a very noticeable spike or drop in prices, but most people don't play with their entire balance.
There are many dead, almost zero volume coins on exchanges with minimal volume. It would be possible to manipulate the prices of some coins with just 0.1 BTC.
The definition of a whale being someone who has over 1,000 BTC makes sense because a whale is someone who has enough coins that their actions can cause a noticeable shift in the markets. 100 BTC would probably be enough to effect a small change in the Bitcoin markets and several times that (e.g. 200-500 BTC) would produce a very noticeable spike or drop in prices, but most people don't play with their entire balance.
It depends of which altcoin are you talking about, maybe with the shitcoin it is needed a few bitcoin something like 5-10 btc for manipulate the price; but for the big altcoins you need at least 100-200 btc as you said.
However I am sure (as said before) for become a bitcoin whale you need at least 5000 bitcoins.
However I am sure (as said before) for become a bitcoin whale you need at least 5000 bitcoins.
There are many dead, almost zero volume coins on exchanges with minimal volume. It would be possible to manipulate the prices of some coins with just 0.1 BTC.
Assuming an oceanographic distribution, with your average codfish of about 9kg representing your typical user with with 1 bitcoin.
Your average adult whale is around 190,000 kg. Which corresponds to just over 21,000 bitcoin. Thats coincidentally so close to being 1/1000th of the total coins so it might as well be 21k
10x what it takes to get in the vlad club... sounds whaley to me.
Your average adult whale is around 190,000 kg. Which corresponds to just over 21,000 bitcoin. Thats coincidentally so close to being 1/1000th of the total coins so it might as well be 21k
10x what it takes to get in the vlad club... sounds whaley to me.
Hahahaha this is hilarious
I like that people with one coin are codfish, they're big!
People with no bitcoin are mere krill
With 50 BTC you can already do quite some movement on the market.
But to be a whale, I'd say that you need at least 200 BTC.
But to be a whale, I'd say that you need at least 200 BTC.
Is a whale someone who trades on the market or just someone who has bought in from the start and never sold. Winklevoss claim they never sold any of the 100k.
I'd say 2-3k BTC is enough for a whale. Dumps and pumps might not even work with bigger volumes because there's not enough liquidity to buy back that much.
(And with 3x margin that's 6-10k BTC) which is actually more than enough to move Finex.
Also people talking about needing more BTC in the future to be a whale but actually as the price goes up you need less BTC to be a whale.
(And with 3x margin that's 6-10k BTC) which is actually more than enough to move Finex.
Also people talking about needing more BTC in the future to be a whale but actually as the price goes up you need less BTC to be a whale.
depending on the market, at low volume market , id say 200 btc can easily do a manipulation, but to be a whale on a current known exchanger, id say above 10k btc to manipulate, otherwise you cant do so, because less than that, will only get your wall to be slaughter
for low market yes but for big one think that even 10k coin will be small amount for this.
Assuming an oceanographic distribution, with your average codfish of about 9kg representing your typical user with with 1 bitcoin.
Your average adult whale is around 190,000 kg. Which corresponds to just over 21,000 bitcoin. Thats coincidentally so close to being 1/1000th of the total coins so it might as well be 21k
10x what it takes to get in the vlad club... sounds whaley to me.
Best answer so far in this thread! Your average adult whale is around 190,000 kg. Which corresponds to just over 21,000 bitcoin. Thats coincidentally so close to being 1/1000th of the total coins so it might as well be 21k
10x what it takes to get in the vlad club... sounds whaley to me.
It also seems very accurate, indeed. Five digits holding is to be considered a whale, as a rule of thumb.
Assuming an oceanographic distribution, with your average codfish of about 9kg representing your typical user with with 1 bitcoin.
Your average adult whale is around 190,000 kg. Which corresponds to just over 21,000 bitcoin. Thats coincidentally so close to being 1/1000th of the total coins so it might as well be 21k
10x what it takes to get in the vlad club... sounds whaley to me.
Best answer so far in this thread! Your average adult whale is around 190,000 kg. Which corresponds to just over 21,000 bitcoin. Thats coincidentally so close to being 1/1000th of the total coins so it might as well be 21k
10x what it takes to get in the vlad club... sounds whaley to me.
It also seems very accurate, indeed. Five digits holding is to be considered a whale, as a rule of thumb.
depending on the market, at low volume market , id say 200 btc can easily do a manipulation, but to be a whale on a current known exchanger, id say above 10k btc to manipulate, otherwise you cant do so, because less than that, will only get your wall to be slaughter
Even a bear whale with 30000 coins can be slaughtered in couple of hours, anything less than 10000 coins can not be called a whale 
As liquidity at different exchanges increases, the benchmark for becoming a whale would increase.
A whale would really need to be able to move the market.
Assuming an oceanographic distribution, with your average codfish of about 9kg representing your typical user with with 1 bitcoin.
Your average adult whale is around 190,000 kg. Which corresponds to just over 21,000 bitcoin. Thats coincidentally so close to being 1/1000th of the total coins so it might as well be 21k
10x what it takes to get in the vlad club... sounds whaley to me.
Your average adult whale is around 190,000 kg. Which corresponds to just over 21,000 bitcoin. Thats coincidentally so close to being 1/1000th of the total coins so it might as well be 21k
10x what it takes to get in the vlad club... sounds whaley to me.
LOL sgbett! Very interesting approach, and results seem pretty accurate as well.
Assuming an oceanographic distribution, with your average codfish of about 9kg representing your typical user with with 1 bitcoin.
Your average adult whale is around 190,000 kg. Which corresponds to just over 21,000 bitcoin. Thats coincidentally so close to being 1/1000th of the total coins so it might as well be 21k
10x what it takes to get in the vlad club... sounds whaley to me.
Your average adult whale is around 190,000 kg. Which corresponds to just over 21,000 bitcoin. Thats coincidentally so close to being 1/1000th of the total coins so it might as well be 21k
10x what it takes to get in the vlad club... sounds whaley to me.
If you're a whale with 10k+ coins you still need to be able to read the market like a pro and know when the herd will follow you, or else you'll probably lose it real quick.
True. It's hard to control the markets without the proper knowledge about how it moves. If you want to lead the market in your direction, you must first make your herd believe in your movements before executing your plans.
Even a bear whale with 30000 coins can be slaughtered in couple of hours, anything less than 10000 coins can not be called a whale
I think it must be at least 6 figures and beyond to effective control and manipulate the market direction, something above BTC100000. Even with the amount, that only gives you close to about 30 million and if you consider the size of the bitcoin market cap, that is awfully a small number. Plus you also have to consider the on-spot buy/sell order at that time.
A weenie whale, that is.
With that amount of BTC, you can easily manipulate small exchanges but not on the big ones. Market manipulators really need to have a deep pocket in order to dictate the market movement. Jump to: