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Topic: Whales keep getting richer and richer while everybody else is losing... - page 10. (Read 2144 times)

sr. member
Activity: 1484
Merit: 253
The truth is that When you have lots of BTC in your account. You are never tempted to go for higher leverages like x25, x50. All you have to do is go for x2 or x5 and keep scrapping your profits even with small movements while for traders with less money in their accounts, they usually get tempted to go for higher leverages leading to liquidations.

Those who have a lot of BTC on their account don't need to go for higher leverage because they have enough in their account already unlike those who have less balance on their account. Those who have higher balance are good at managing their assets by having small margin or leverage while those who are a bit struggling tend to risk almost everything without really thinking of the consequences. Risk is fine so long as you know when is the best time to risk something before you regret doing it.


Being part here in crypto currency community we can't control on that situation since we try our luck here and try to risk our invested money. We all know that being part of here is not just easy as what think of many as we met some losses and different obstacles that we take as I believe it just a test and for sure someday I gonna be win something big reward in the end.
full member
Activity: 1904
Merit: 138
★Bitvest.io★ Play Plinko or Invest!
The truth is that When you have lots of BTC in your account. You are never tempted to go for higher leverages like x25, x50. All you have to do is go for x2 or x5 and keep scrapping your profits even with small movements while for traders with less money in their accounts, they usually get tempted to go for higher leverages leading to liquidations.

Those who have a lot of BTC on their account don't need to go for higher leverage because they have enough in their account already unlike those who have less balance on their account. Those who have higher balance are good at managing their assets by having small margin or leverage while those who are a bit struggling tend to risk almost everything without really thinking of the consequences. Risk is fine so long as you know when is the best time to risk something before you regret doing it.


That's the difference of being a high player and low player in the market. For the player to earn more profit, they need to aim for high returns whereas those high players, they can easily get a good profit just by selling a small portion of their assets. A really unfortunate scenario in the trading market and we need to accept such reality.
full member
Activity: 1316
Merit: 126
The truth is that When you have lots of BTC in your account. You are never tempted to go for higher leverages like x25, x50. All you have to do is go for x2 or x5 and keep scrapping your profits even with small movements while for traders with less money in their accounts, they usually get tempted to go for higher leverages leading to liquidations.

Those who have a lot of BTC on their account don't need to go for higher leverage because they have enough in their account already unlike those who have less balance on their account. Those who have higher balance are good at managing their assets by having small margin or leverage while those who are a bit struggling tend to risk almost everything without really thinking of the consequences. Risk is fine so long as you know when is the best time to risk something before you regret doing it.
legendary
Activity: 3808
Merit: 1723
Up to 300% + 200 FS deposit bonuses
There is another huge whale whois trading stats someone posted on the trollbox

Quote
Userinfo for "ssded" (irc:no):
First seen: 2018-05-18 14:55:01 UTC
Last seen: 2019-11-06 11:17:15 UTC
Posts: 1072
Posts avg.: 0.0832 posts per hour
Banned: 0 times
Last ban:
Positions posted: 132
Biggest positions posted:
ETHUSD: 986725 contracts
XBTU18: 959800 contracts
XBTU19: -1098275 contracts
XBTUSD: -10016335 contracts
Orders posted: 0
Biggest orders posted:
Pnls posted: 118
Biggest pnl posted: 733.2621
Smallest pnl posted: -152.277
Upnls posted: 137
Biggest upnl posted: 356.8425
Smallest upnl posted: -314.0137
Rpnls posted: 124
Biggest rpnl posted: 716.0108
Smallest rpnl posted: -7.472

The trader has an account for about 1.5 years and traded up to $10,000,000 contracts before. Looking at his PnL his largest winning was over 733 BTC. So this is another example of some whale who took those 733BTC from many smaller retail traders.

Looks like he was mostly short and basically could of just hedged his BTC, but either way those are some impressive stats.
legendary
Activity: 1806
Merit: 1521
Noticed something interesting for the past week according to the Bitmex leadership board. For those of you who don't know Bitmex is the largest futures derivative exchange and has the most volume so most whales trade on their for good liquidity. For fun they have a leadership board located at,

https://www.bitmex.com/app/leaderboard

Looking at the board you can see anonymously who is in the top 25. There is also another website that analyzes this data which is located on Coinfarm,

https://coinfarm.online/rank/

And as far as you can see there are 25 spots there, about 9 are inactive traders, 1 trader had a small loss of -4.41 BTC (#7 rank) but the rest were all making amazing profits. Especially rank 2,3,9,16,25 which managed to earn at least > 100 BTC in the last 7 days alone.

They aren't always making amazing profits, not at all. I've seen massive liquidations from top traders taking horrible trades.

There is this tendency as a retail trader to believe that whales move the markets to their whims and therefore always make money. That idea couldn't be more false. Lots of whales get chewed up and spit out by the market, and eventually they aren't whales anymore.
legendary
Activity: 2254
Merit: 1236
Heisenberg
The truth is that When you have lots of BTC in your account. You are never tempted to go for higher leverages like x25, x50. All you have to do is go for x2 or x5 and keep scrapping your profits even with small movements while for traders with less money in their accounts, they usually get tempted to go for higher leverages leading to liquidations.

If you look at the list of the Top 25 Traders by Notional, I doubt anybody appears on the list of the Top 25 Traders by ROE. But the striking similarity of the account naming style in both lists worries a lot  Shocked



hero member
Activity: 994
Merit: 502
Trading futures is akin to gambling and the whales know this, they are basically like the high rollers in casinos but the difference is that with casinos, all the power lies with the casino owners and the gambers knows this, but with bitcoin futures trading, it's a bit different because manipulations are being done all the time and it wouldn't cost them much to start spreading false rumours that could take the market in any direction they want thereby stacking the odds in their favour, I believe that if bitcoin futures trading wasn't a thing, then we would see a much more stable growth for bitcoin free of most of the manipulations that occur daily.
legendary
Activity: 3808
Merit: 1723
Up to 300% + 200 FS deposit bonuses
Noticed something interesting for the past week according to the Bitmex leadership board. For those of you who don't know Bitmex is the largest futures derivative exchange and has the most volume so most whales trade on their for good liquidity. For fun they have a leadership board located at,

https://www.bitmex.com/app/leaderboard

Looking at the board you can see anonymously who is in the top 25. There is also another website that analyzes this data which is located on Coinfarm,

https://coinfarm.online/rank/

And as far as you can see there are 25 spots there, about 9 are inactive traders, 1 trader had a small loss of -4.41 BTC (#7 rank) but the rest were all making amazing profits. Especially rank 2,3,9,16,25 which managed to earn at least > 100 BTC in the last 7 days alone.

Trading is zero sum, especially derivative trading and if you are a new trader you need to realise that before you over-leverage yourself and get liquidated you need to understand that there is some whale out there who might liquidate you and take your hard-earned BTC. So becareful out there.

My advice, only buy BTC on spot exchanges and never on margin or with leverage. Because if we get a new ATH somewhere in the future you will be left with no BTC to reap the benefits.

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