whales are stupid - page 3. | Bitcointalksearch.org

Pacowomo

newbie

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Quote from: bitcoin_purist on August 24, 2014, 07:25:57 AM

Quote from: ticoti on August 23, 2014, 08:44:09 PM

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.

Most people are rich due luck. Have fun being stuck on a dead end where you can't get out of poverty if that ever happens to you.

bitcoin_purist

member

Activity: 75

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Fearless, except for those who are fearless

Quote from: ticoti on August 23, 2014, 08:44:09 PM

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.

Pacowomo

newbie

Activity: 23

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Whales Gonna Whale. They are lossing money, a lot o money if they sell now.

dothebeats

legendary

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Cashback 15%

They aren't stupid. They are just taking advantage of the price and the small time holders to sell off when they feel that their holdings are crashing down in value. Usually, whales are the reason why there are ups and downs in the crypto markets. Cheesy

Teppino

full member

Activity: 139

Merit: 100

bitcoin hates walls

Quote from: Rassah on August 24, 2014, 12:42:24 AM

Quote from: lomalio on August 23, 2014, 11:03:08 PM

Quote from: botany on August 23, 2014, 08:44:53 PM

If a whale can make some money by moving the market with his large holdings, what is wrong with it?

By knocking it down too much.

They should keep it fluctuating at a level. Even if they are manipulating the market, they should keep it at one price range. It was good when they kept it at $800 or $600 but now they keep sinking it slowly. People will lose trust in BTC. The Chinese will leave. The Chinese are driving the price up and the stupid western whales drive it down. At least keep it at $500!!

The problem is that they don't talk to each other, don't coordinate with each other, and don't even trust each other. If one of them sells, the others have no way of knowing if he's trying to crash the market, or just buying another Lamborghini.

i agree they probably don't trust each other, but by means of blockchain analysys it should be pretty easy for them to contact each other, they just need to find big wallets and contact them with their own big wallet. The protocol allows for this kind of messaging and once they know they are in the same boat (yacht in that case) it could become logic to not fight to each other, in that case trust should matter less than one may think

wasserman99

sr. member

Activity: 476

Merit: 250

Quote from: Rassah on August 24, 2014, 12:42:24 AM

Quote from: lomalio on August 23, 2014, 11:03:08 PM

Quote from: botany on August 23, 2014, 08:44:53 PM

If a whale can make some money by moving the market with his large holdings, what is wrong with it?

By knocking it down too much.

They should keep it fluctuating at a level. Even if they are manipulating the market, they should keep it at one price range. It was good when they kept it at $800 or $600 but now they keep sinking it slowly. People will lose trust in BTC. The Chinese will leave. The Chinese are driving the price up and the stupid western whales drive it down. At least keep it at $500!!

The problem is that they don't talk to each other, don't coordinate with each other, and don't even trust each other. If one of them sells, the others have no way of knowing if he's trying to crash the market, or just buying another Lamborghini.

I would doubt that they would ever attempt to collude with each-other like that. Doing so would be very risky not only from a profit prospective but also from a potentially having to go to jail for market manipulation perspective.

Rassah

legendary

Activity: 1680

Merit: 1035

Quote from: lomalio on August 23, 2014, 11:03:08 PM

Quote from: botany on August 23, 2014, 08:44:53 PM

If a whale can make some money by moving the market with his large holdings, what is wrong with it?

By knocking it down too much.

They should keep it fluctuating at a level. Even if they are manipulating the market, they should keep it at one price range. It was good when they kept it at $800 or $600 but now they keep sinking it slowly. People will lose trust in BTC. The Chinese will leave. The Chinese are driving the price up and the stupid western whales drive it down. At least keep it at $500!!

The problem is that they don't talk to each other, don't coordinate with each other, and don't even trust each other. If one of them sells, the others have no way of knowing if he's trying to crash the market, or just buying another Lamborghini.

valvalis

hero member

Activity: 784

Merit: 500

DeFixy.com - The future of Decentralization

Quote from: ticoti on August 23, 2014, 08:44:09 PM

someone who is rich is not stupid
you may ask yourself why you are not a whale

I don't know who you are, but I like your words Tongue

Maybe he isn't whale because he is stupid or something distracting his brain.

lomalio

newbie

Activity: 28

Merit: 0

Quote from: botany on August 23, 2014, 08:44:53 PM

If a whale can make some money by moving the market with his large holdings, what is wrong with it?

By knocking it down too much.

They should keep it fluctuating at a level. Even if they are manipulating the market, they should keep it at one price range. It was good when they kept it at $800 or $600 but now they keep sinking it slowly. People will lose trust in BTC. The Chinese will leave. The Chinese are driving the price up and the stupid western whales drive it down. At least keep it at $500!!

cryptworld

hero member

Activity: 714

Merit: 503

whales move the market up and down
I don't know what is the problem

botany

legendary

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Merit: 1064

If a whale can make some money by moving the market with his large holdings, what is wrong with it?

ticoti

hero member

Activity: 854

Merit: 1000

someone who is rich is not stupid
you may ask yourself why you are not a whale

Sir Bitcoin

member

Activity: 112

Merit: 10

Whales are people with large holdings in BTC..

Frankly the whales are not stupid. Anyone with half a brain knows BTC can not continue on its current path given it won't be worth anything to mine in the future if the ASIC arms race continues. :/

Mirdude

sr. member

Activity: 319

Merit: 250

Is a whale someone who bets a lot with a high percentage?

lomalio

newbie

Activity: 28

Merit: 0

they are giving bitcoin a bad name. price will go down long term because of these disgraceful whales.

Topic: whales are stupid - page 3. (Read 4037 times)