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Topic: whales are stupid - page 2. (Read 4037 times)

legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
October 21, 2014, 10:56:30 AM
#35
You wanted a free market, you got it. Free markets are not kind.  Grin
sr. member
Activity: 485
Merit: 274
October 21, 2014, 09:58:59 AM
#34
someone who is rich is not stupid
you may ask yourself why you are not a whale
This.
Without the poor, no riches.
There must be contrast. Otherwise life is dull.

Haiku Alert!!!
sr. member
Activity: 1439
Merit: 380
Bitcoin Casino Est. 2013
October 21, 2014, 09:24:56 AM
#33
Before we accused whale are stupid , do you know how much BTC mined everyday ?
and how many BTC dump everyday to the market ?
Miner need money to pay their daily bill.
This is not 100% fault from miner or whale.
full member
Activity: 169
Merit: 100
October 21, 2014, 09:22:07 AM
#32
they are giving bitcoin a bad name. price will go down long term because of these disgraceful whales.

And they are making big bucks so why are they stupid?

Exactly.

They see too many people trying to get on the get rich quick bandwagon and decided it is time to cash out to those bag holders.
sr. member
Activity: 273
Merit: 250
October 21, 2014, 09:15:44 AM
#31
they are giving bitcoin a bad name. price will go down long term because of these disgraceful whales.

And they are making big bucks so why are they stupid?
newbie
Activity: 18
Merit: 0
October 21, 2014, 08:17:02 AM
#30
i think its nice that whale dumps his coins. Price lowers for a while so other ppl can buy coins cheaper. Bitcoin wealth distribution improves. Less whales the better, less ppl who can fcuk with market at their will. It would be perfect if noone owned more than 1 % of all coins.
hero member
Activity: 910
Merit: 1000
October 21, 2014, 06:08:01 AM
#29
they are giving bitcoin a bad name. price will go down long term because of these disgraceful whales.

Its not right to call them stupid. Whales have the maximum amount of bitcoins, and you can't expect them to hold those massive amount of coins, when the price is going from 600$ to 275$ within a month. They need to protect their investments, and when the whole world panics, they will obviously not hold.
sr. member
Activity: 364
Merit: 256
October 21, 2014, 02:18:44 AM
#28
what people forget is that the biggest whale of all is us together as a whole Smiley
full member
Activity: 224
Merit: 100
THE GAME OF CHANCE. CHANGED.
August 25, 2014, 12:15:07 PM
#27
When whales dump, it means at least all these BTC are going in hands of other non whale people. It only takes these people to be intelligent and not panic sell at minimum fear.

The strategy of whales dumping is to get other people to sell as well.... and then pick up btcs at a lower price.

it's better for them to sell at other whales , but they don't know who are the buyers

And don't forget whale eat up all the small fish in one move be it up or down.
legendary
Activity: 4466
Merit: 3391
August 25, 2014, 11:26:04 AM
#26
When whales dump, it means at least all these BTC are going in hands of other non whale people. It only takes these people to be intelligent and not panic sell at minimum fear.

The strategy of whales dumping is to get other people to sell as well.... and then pick up btcs at a lower price.

A smart whale would never do that because it doesn't work. When the whale dumps, other people buy the dumped btc cheap. Then the price returns to normal and the whale has less than he started with.
sr. member
Activity: 322
Merit: 250
PumpersPicks.com
August 25, 2014, 11:09:36 AM
#25
So, the implied assumption is there are no "whales" in the futures markets? forex, securities etc? Theres whales in every market, Bitcoin is no exception.  If it wasn't for these whales you speak of, bitcoin would have never rallied like it did last year.
legendary
Activity: 2590
Merit: 1022
Leading Crypto Sports Betting & Casino Platform
August 25, 2014, 09:39:46 AM
#24
When whales dump, it means at least all these BTC are going in hands of other non whale people. It only takes these people to be intelligent and not panic sell at minimum fear.

The strategy of whales dumping is to get other people to sell as well.... and then pick up btcs at a lower price.

it's better for them to sell at other whales , but they don't know who are the buyers
legendary
Activity: 1582
Merit: 1064
August 24, 2014, 07:28:16 PM
#23
I wouldn't say Whales are stupid they just know what they are doing and are smart enough to do it and make themselves rich. Any one of us could be a whale we just need to know the means and ways to be just as rich as those who are.

True. A stupid whale won't be a whale for long.  Smiley
sr. member
Activity: 406
Merit: 250
August 24, 2014, 06:47:29 PM
#22
I wouldn't say Whales are stupid they just know what they are doing and are smart enough to do it and make themselves rich. Any one of us could be a whale we just need to know the means and ways to be just as rich as those who are.
hero member
Activity: 602
Merit: 500
August 24, 2014, 05:03:33 PM
#21
I wish i was a whale  Grin
legendary
Activity: 1582
Merit: 1064
August 24, 2014, 11:41:43 AM
#20
When whales dump, it means at least all these BTC are going in hands of other non whale people. It only takes these people to be intelligent and not panic sell at minimum fear.

The strategy of whales dumping is to get other people to sell as well.... and then pick up btcs at a lower price.
member
Activity: 68
Merit: 10
August 24, 2014, 11:02:03 AM
#19
In some years from now, the trading volumes will be so high that a whale alone won't change anything.
sr. member
Activity: 322
Merit: 250
August 24, 2014, 10:39:12 AM
#18
When whales dump, it means at least all these BTC are going in hands of other non whale people. It only takes these people to be intelligent and not panic sell at minimum fear.
legendary
Activity: 2590
Merit: 1022
Leading Crypto Sports Betting & Casino Platform
August 24, 2014, 10:09:25 AM
#17
if they pump it, it make the wealth spread to the world, bitcoin is a form of money spreading, money redistribution, this is thanks to the whales
hero member
Activity: 602
Merit: 500
August 24, 2014, 08:04:11 AM
#16
they are giving bitcoin a bad name. price will go down long term because of these disgraceful whales.

I think whales pumped the coin that it made bitcoin famouse. so it is even
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