Whales keep getting richer and richer while everybody else is losing... - page 6.

maydna

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Quote from: okala on December 13, 2019, 01:09:27 AM

Quote from: d3nz on November 25, 2019, 01:03:23 AM

This is not a problem because they can just manipulate the market and we can still keep up if we have the right position and not to lose our money. And joining a hype in uptrend is really a good idea and a strategical way since we can just do a target price for buying and selling.

And i think whales are not always winning and they have a lot of losses too.

I do seriously agree with what you just said and it is good that we understood that the cryptocurrencies market is an open market and some whales also loss money from the volatility of the market. We just need to understand how some trending indicators work and trade along to beat the market in it games.

So if we can follow their way when they are trying to move the market, we can take the benefits too besides of them. But we need to analyze deeper, so we know if that is the whales or not because sometimes it is hard to detect the whales move. We need to make a few strategies to adjust the situation so we can move fast if they do something. The whales itself can get lost as both of you said because I am sure that sometimes the whales cannot always get the right information related to the market.

okala

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Quote from: d3nz on November 25, 2019, 01:03:23 AM

This is not a problem because they can just manipulate the market and we can still keep up if we have the right position and not to lose our money. And joining a hype in uptrend is really a good idea and a strategical way since we can just do a target price for buying and selling.

And i think whales are not always winning and they have a lot of losses too.

I do seriously agree with what you just said and it is good that we understood that the cryptocurrencies market is an open market and some whales also loss money from the volatility of the market. We just need to understand how some trending indicators work and trade along to beat the market in it games.

CarnagexD

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Quote from: Kambal2000 on December 11, 2019, 11:36:31 AM

Quote from: aardvark15 on December 11, 2019, 10:35:36 AM

Cryptocurrency trading is already volatile and risky. Doing margin trading adds another level of risk and can take your investment out of your control as you have described.

I have found that trading in general is not very profitable because of the losses in fees, etc. unless you are just really good at trading.

We should learn that in trading, it is a gamble too, once someone is earning of course the other party is losing, this is the game of money, so we must be very careful and don't trust much everyone here especially if they are telling people to buy this as it will pump soon, for sure they will sell their holdings that's why they are yelling and shilling over the internet to buy that.

What the most people here are very speculating, even there is insignificant change in the market they interpret that as big deal when in real it is not. What differs the small trader and whales is the affordability, whales tends to gamble and invest massive amounts coz that's the nature of risking while small ones are just on their average. Another thing is whales can manipulate the market with their holdings, they can easily prepare a trap in the market especially the institutional and corporational investments. Being smart and emotionally capable being would make you strong to cope with the market.

bohr

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Quote from: jostorres on December 11, 2019, 10:28:21 AM

What we should not forget is that those whales became whales somehow, they were not born whales (well they could be born rich, but becoming whale is not about just having money) so these guys know what they are doing, these are not idiots who just guess what will happen and throw money at it, these people are rulers of the market and they work really hard to make a difference.

So, when you have one that makes 733 bitcoins, that dude probably made more before that as well, that dude probably made money waaaay before bitcoin was a thing as well, these are experienced, networked, hard working, very smart people that we are against so it will be tough to beat something like that with thousands of uneducated or limited education people with no coordination at all.

And that is why the rich keep getting richer, many people think of those that have a lot of money to somehow not being deserving of that money, when most likely they got all of that money by having several skills and working very hard in order to reach that point, while the rest of the population only complains about the achievements of the whales not understanding that they could improve their economic situation many times over by doing the same as them.

Kambal2000

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Quote from: aardvark15 on December 11, 2019, 10:35:36 AM

Cryptocurrency trading is already volatile and risky. Doing margin trading adds another level of risk and can take your investment out of your control as you have described.

I have found that trading in general is not very profitable because of the losses in fees, etc. unless you are just really good at trading.

We should learn that in trading, it is a gamble too, once someone is earning of course the other party is losing, this is the game of money, so we must be very careful and don't trust much everyone here especially if they are telling people to buy this as it will pump soon, for sure they will sell their holdings that's why they are yelling and shilling over the internet to buy that.

imstillthebest

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Quote from: wajik-tempe on December 11, 2019, 02:08:14 AM

Quote from: DevilSlayer on December 11, 2019, 12:30:05 AM

Whales are well educated, they are also financial literate and that's why their wealth are keep growing. They have financial knowledge where they know the strength and weaknesses of a coin. They have good risks management and good trading setups to win in a trading. They are also good executing their plan carefully because of the portfolio that they have. Whales have power to manipulate the market because of the bitcoins that they have.

Because it's a natural case that rich are easier to get richer because they already have a huge capital and they will just richer just by their passive income. More over in cryptocurrency the whales could pump and dump the price easily because a huge volume could make the market move.

thats not always the case that happens . i know some rich people that already became poor because of mis handling of thier money .

they have alot of capital and expected that they will also bet more because it wont make sense if they bet small when they already have tons of cash and what if they loose those big bets ? passive income that your saying will also come if they will invest on something and this also needs a capital . what they do is also not easy because there will also be whales that do oppositely .

aardvark15

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Cryptocurrency trading is already volatile and risky. Doing margin trading adds another level of risk and can take your investment out of your control as you have described.

I have found that trading in general is not very profitable because of the losses in fees, etc. unless you are just really good at trading.

jostorres

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What we should not forget is that those whales became whales somehow, they were not born whales (well they could be born rich, but becoming whale is not about just having money) so these guys know what they are doing, these are not idiots who just guess what will happen and throw money at it, these people are rulers of the market and they work really hard to make a difference.

So, when you have one that makes 733 bitcoins, that dude probably made more before that as well, that dude probably made money waaaay before bitcoin was a thing as well, these are experienced, networked, hard working, very smart people that we are against so it will be tough to beat something like that with thousands of uneducated or limited education people with no coordination at all.

wajik-tempe

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Quote from: DevilSlayer on December 11, 2019, 12:30:05 AM

Whales are well educated, they are also financial literate and that's why their wealth are keep growing. They have financial knowledge where they know the strength and weaknesses of a coin. They have good risks management and good trading setups to win in a trading. They are also good executing their plan carefully because of the portfolio that they have. Whales have power to manipulate the market because of the bitcoins that they have.

Because it's a natural case that rich are easier to get richer because they already have a huge capital and they will just richer just by their passive income. More over in cryptocurrency the whales could pump and dump the price easily because a huge volume could make the market move.

SaShiRaJaVu

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Quote from: Bagaji on December 10, 2019, 10:55:09 AM

~snip
Please which particular crypto exchange are you referring to for it will be nice you are specific in your submission above or is it same one that the op is talking about? Well, I don't normally blame whale for everyone of us are out to make profit from our daily trading.

Looks like he is talking about the options market and there are people making a ton of money and the whales does have the power to manipulate the market so that they will force the price of the market to what they predicted during the expiry of the contract so that they can make a ton of money easily and since the market is not regulated by all the countries these whales will find the loop holes.

DevilSlayer

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Whales are well educated, they are also financial literate and that's why their wealth are keep growing. They have financial knowledge where they know the strength and weaknesses of a coin. They have good risks management and good trading setups to win in a trading. They are also good executing their plan carefully because of the portfolio that they have. Whales have power to manipulate the market because of the bitcoins that they have.

Bagaji

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Quote from: adaseb on November 23, 2019, 11:36:26 PM

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.

Please which particular crypto exchange are you referring to for it will be nice you are specific in your submission above or is it same one that the op is talking about? Well, I don't normally blame whale for everyone of us are out to make profit from our daily trading.

S4VV4S

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Quote from: RBF on December 10, 2019, 12:19:57 PM

You are absolutely right here! The crypto market always going under whales manipulation! Sometimes we think whales stopped when the price goes up, but they are truly good players, you never know about whales manipulate activity! And I think for their shitty activity, crypto is not getting its real value!

What do you mean Crypto is not getting its real value? Did the whales not manipulate prices with real values? I believe that Whale can manipulate prices in the market.

RBF

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You are absolutely right here! The crypto market always going under whales manipulation! Sometimes we think whales stopped when the price goes up, but they are truly good players, you never know about whales manipulate activity! And I think for their shitty activity, crypto is not getting its real value!

EdvinZ

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Very valuable advice in the first post about margin trading. The temptation to earn a large sum quickly with small investments often leads to the opposite result. Margin trading is a tool only for experienced traders who have studied the market and all the trading opportunities.

perla

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Quote from: BlacksmithCorporation on December 09, 2019, 10:17:38 AM

Quote from: adaseb on November 23, 2019, 01:08:00 PM

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.

I think your advice won't work because people always want to get rich quick, and the fastest way is to use leverage. Moreover the current exchanges are pushing hard to launch derivatives platforms, I think there will be more and more greedy.

If they lose because of greedy and use margin trading to get what they aim. Maybe it is their mistake. At least we are here discuss about it, and other thread maybe i see discuss how big risk behind margin trading. People always have option and they must take the risk from what their decision.

sana54210

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If we could find a way to know what the whales would do before they do it and arrange ourselves accordingly, we could totally manage to make a lot of money. However, these whales always hide what they will do until the last second and they do it right away in an instant without letting anyone know. So, we are left with knowing for a fact that one whale will decide to change the movements of bitcoin but we don't know which one will be this time and we don't know how much they will change it and we don't know which direction they will change it.

Hence, what we have to do is improve our espionage and get some people inside the whales circles to let them know what will happen and when will it happen so we could potentially react before anything actually happens but it is close to impossible.

atjiat

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Each of us must be aware of all the risks that lurk on the cryptocurrency market and without any experience or knowledge. Each of us can fall into the trap that is prepared for the inexperienced cryptocurrency user. Problems can arise not only because of the instability of the cryptocurrency market, but also because of the manipulations of the cryptocurrency market, due to which large whales make a profit, and we lose our coins or sell them because of negative news and the fear of losing even more.

BlacksmithCorporation

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Quote from: adaseb on November 23, 2019, 01:08:00 PM

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.

I think your advice won't work because people always want to get rich quick, and the fastest way is to use leverage. Moreover the current exchanges are pushing hard to launch derivatives platforms, I think there will be more and more greedy.

k@suy

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Quote from: justdimin on December 03, 2019, 05:11:03 AM

Rich people just toy with us in the face of reality and they do not just manipulate the markets but somehow manipulate the feelings of people the emotions as well. Like they sell a ton of bitcoin and suddenly everyone starts to think that bitcoin is dying and it is on a bear run and we all stop buying bitcoin, they return and keep buying bitcoins so it goes up and they hype it up and we are suddenly all thinking it is going to all time high prices.

There is really no middleground because those people have enough money and influence and power to not just change the price of bitcoin but the emotions of all traders as well. Hopefully the "decentralized" nature of bitcoin will soon show its true power with all the trading and all and make bitcoin adopted big enough that it is not only a "way of making money" but just "money".

We cant do anything with that. Whales keep on becoming rich because they are focus on the things that can make their assets grow more even , so that what they already have becomes bigger because of that asset. They are not even afraid in taking some risk.

Topic: Whales keep getting richer and richer while everybody else is losing... - page 6. (Read 2152 times)