Whales are out of control = $500 in ten minutes - page 2.

Herbert2020

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Quote from: Mike Mayor on June 08, 2019, 11:42:52 PM

Quote from: jak3 on June 03, 2019, 06:35:20 PM

There is any possible way that you can defeat a whale with your tiny balance then what's stopping others for doing it for you. Like newbies can easily counter professional traders with their tiny balance if that's possible. Just keep holding your balance or you can just follow the footstep of a weld to make more money don't get afraid from the market just enjoy it And also be careful.

Sort of like how together the ants can defeat the elephant? Image how it must feel so have so much crypto you can affect the market like that?

it is true but actually what he is describing is more like ants rolling over and waiting to see what wind brings them without making any efforts. because that is what "just holding" is!
the reality that can defeat whales and in general the manipulation is more market participants so that the order books on exchanges become more packed with orders (both buys and sells) so that the relative size of whales to the market shrinks.
relative size is like this: if you have 1BTC and selling it into the order book drops the price 30% then you are a whale (you can see this example in small altcoins) but if your 1BTC sell doesn't even fill the top buy order then you are not a whale. now if the top buy order and the next 100 are also big, having 10, 100, 1000BTC still wouldn't make you a whale. and that is what we want to have.

Mike Mayor

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Quote from: jak3 on June 03, 2019, 06:35:20 PM

There is any possible way that you can defeat a whale with your tiny balance then what's stopping others for doing it for you. Like newbies can easily counter professional traders with their tiny balance if that's possible. Just keep holding your balance or you can just follow the footstep of a weld to make more money don't get afraid from the market just enjoy it And also be careful.

Sort of like how together the ants can defeat the elephant? Image how it must feel so have so much crypto you can affect the market like that?

Quote from: Marry Finch on June 08, 2019, 04:03:54 PM

This is a very dangerous proposition that should not even be attempted to implement. It is very dangerous to try to take something away in some and transfer it to others, since whales can simply leave this market and the cryptocurrency will be doomed. Without large investments in cryptocurrency, it will develop very slowly and unpredictably. Cryptocurrency price fluctuations are very attractive for traders, this is a feature of decentralized cryptocurrency.

No it will be ok. It will basically just pass on to new users.

Marry Finch

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This is a very dangerous proposition that should not even be attempted to implement. It is very dangerous to try to take something away in some and transfer it to others, since whales can simply leave this market and the cryptocurrency will be doomed. Without large investments in cryptocurrency, it will develop very slowly and unpredictably. Cryptocurrency price fluctuations are very attractive for traders, this is a feature of decentralized cryptocurrency.

roosbit

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Random coins :)

Quote from: RawDog on May 31, 2019, 04:59:31 AM

Time to do something about the few whales who keep cheating everyone out of their life savings.

Are these the same whales that pump the same prices we always look at Roll Eyes

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Let's do a fork and take anything over 10BTC away from those big addresses and redistribute it fairly to everyone.

In a centralized ecosystem that would have been done but where we have no central power one needs to work hard besides this is sounding communist, you can't have what you haven't worked for.

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It is ridiculous and totally ruining everything when one person has 1000s and can mess up the order book on a major exchange. Where is the fairness in bitcoin?

On centralized exchanges this should be their responsibility to prevent such manipulations

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We have to end the whales who are out of control.

Agreed, but how do you get them

zombi11

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Quote from: bitbunnny on June 04, 2019, 07:30:34 AM

Quote from: bhabygrim on June 04, 2019, 06:09:46 AM

Whales are always out of control that is why we shouldn't expect things from them,
They could pump the price and dump it but they are also being cautious to what they do ,
They could easily affect the market and they could also lose a lot because of it.

It's interesting to see how whales are always blamed for every change in the market, especialy for negative one. Actually there is no solid proof for that and it's just one of presumptions because users can't find any other reasonable explanation. Personally I think they've been given too much power and influence than they actually have in reality. Not everything related to Bitcoin price depends on whales.

after 32k btc moved, price was down. what about that?
https://www.blockchain.com/btc/tx/b80bb4b492c534658e54a6dcd2c0157a5e666b9b12a2dda7538a78c9d4771117

Sharon121212

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The whales can have a very big effect on the price of bitcoin but still I don't think the are to be accused of any problems faced by bitcoin. The where so enthusiastic about bitcoin to the extent they have invested money and time( exception of those that got there illegal)
In coming years the number of whales would increase depending on the adoption of bitcoin by the general public

NeverSop

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HODL

Quote from: Cuk0ng_bitc0in on June 03, 2019, 06:51:06 PM

whales are free to control the crypto market. and we only follow market fluctuations.
the whales have an important role to play in maintaining graph stability. yes. crypto market is unfair. but we are also wrong. because we are late to the world of BTC.

Even if you're not late, the fish will still maintain and swallow good bait if you can't create an alliance to fight back. Whales move based on emotions from the flow of the market. this always exists.

Roukawa

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Volatility is good, i actually love it. This is how most of us gain money, it's the movement of the price that is really making it attractive

bitbunnny

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WOLF.BET - Provably Fair Crypto Casino

Quote from: bhabygrim on June 04, 2019, 06:09:46 AM

Whales are always out of control that is why we shouldn't expect things from them,
They could pump the price and dump it but they are also being cautious to what they do ,
They could easily affect the market and they could also lose a lot because of it.

It's interesting to see how whales are always blamed for every change in the market, especialy for negative one. Actually there is no solid proof for that and it's just one of presumptions because users can't find any other reasonable explanation. Personally I think they've been given too much power and influence than they actually have in reality. Not everything related to Bitcoin price depends on whales.

smyslov

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Quote from: RawDog on May 31, 2019, 04:59:31 AM

Time to do something about the few whales who keep cheating everyone out of their life savings.

Let's do a fork and take anything over 10BTC away from those big addresses and redistribute it fairly to everyone. It is ridiculous and totally ruining everything when one person has 1000s and can mess up the order book on a major exchange. Where is the fairness in bitcoin?

We have to end the whales who are out of control.

It's a free market, every trading has it's own whales, even if we fork and take them away with that I don't think it will be resolved, there will be whales coming in because this is an open market, and why would you take their own shares, it's their money, it's like stealing from these people it's not fair.

bhabygrim

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Best Bitcoin Casino www.coinsaga.com

Whales are always out of control that is why we shouldn't expect things from them,
They could pump the price and dump it but they are also being cautious to what they do ,
They could easily affect the market and they could also lose a lot because of it.

RawDog

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Quote from: Crypto5060 on June 04, 2019, 02:19:18 AM

This is right it's people's investment we're talking about here it wasn't printed or specially mined

So you want to let them keep taking your money? Useful idiot. Whales are scamming you and ruining the system. We need to bring back whale hunting.

Crypto5060

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Quote from: RodeoX on June 03, 2019, 03:00:13 PM

The problem with most money systems is not that some are wealthy and others not, it is the unfairness of fiat systems. Bitcoin is mathematically, provably fair. If someone has a lot of bitcoin is is because they bought it. There is nothing unfair about that and the seller is not losing anything unless they foolishly sell at a loss.

So if you are upset by "whales" buying up all the bitcoin, consider that you could have done that. Consider that that no one can compel you to sell your coin, and that you set the price. It is completely fair. There is absolutely no path whatsoever to any commie redistribution of the wealth. You can create a fork or make a coin that keeps anyone from getting rich, but good luck with that.

This is right it's people's investment we're talking about here it wasn't printed or specially mined easier for some persons everyone who has Btc today invested their money in it. The most intriguing part is they believed in Btc, their faith was strong putting money in it as far back as they did.

Cuk0ng_bitc0in

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whales are free to control the crypto market. and we only follow market fluctuations.
the whales have an important role to play in maintaining graph stability. yes. crypto market is unfair. but we are also wrong. because we are late to the world of BTC.

Denton

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But we are not able to influence it. The thing is that we can only adapt to their actions and trying to make money on it.

TimeTeller

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Quote from: Vinalians on June 03, 2019, 03:16:14 PM

For me, those whales are the major investors of bitcoin and we don't know what they've been through just to keep holding their bitcoins and other cryptocurrencies. They have the rights to do what ever they wanted. It will affect the market yes but in just a matter of time market will surely recover from it.
Opportunities that they wasted will surely be taken by the other people.

You are totally right on this one.
It is none of our business what they will do with their BTC riches.
We can only hope that bitcoin will get stronger as time goes by.
Be grateful that people are continuously patronizing the btc market.
And I guess, there's no stopping such movement.

jak3

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There is any possible way that you can defeat a whale with your tiny balance then what's stopping others for doing it for you. Like newbies can easily counter professional traders with their tiny balance if that's possible. Just keep holding your balance or you can just follow the footstep of a weld to make more money don't get afraid from the market just enjoy it And also be careful.

Successmaniac4

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Last month, in May, we noticed a sharp drop and rise in the price of Bitcoin. Which lasted for less than 10 minutes. It was the whales that were manipulating the coin to attract more investors into the system.

vladimirhf

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Quote from: RawDog on May 31, 2019, 04:59:31 AM

Time to do something about the few whales who keep cheating everyone out of their life savings.

Let's do a fork and take anything over 10BTC away from those big addresses and redistribute it fairly to everyone. It is ridiculous and totally ruining everything when one person has 1000s and can mess up the order book on a major exchange. Where is the fairness in bitcoin?

We have to end the whales who are out of control.

well, they call it "capitalism". it's not supposed to be fair, it's supposed to be profitable Cheesy

many people in crypto don't want to change this, but they expect to be the plutocrats of the "new paradigm".

Vinalians

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For me, those whales are the major investors of bitcoin and we don't know what they've been through just to keep holding their bitcoins and other cryptocurrencies. They have the rights to do what ever they wanted. It will affect the market yes but in just a matter of time market will surely recover from it.
Opportunities that they wasted will surely be taken by the other people.

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