Topic: Whales keep getting richer and richer while everybody else is losing... - page 7. (Read 2144 times)
December 09, 2019, 10:04:11 AM
This is obvious. This market is made up of whales and it is the market's operator. The ones who are most profitable are those who control the market, fishes like us can die at any time. The most obvious proof is that there are some accounts at Bitmex that have won more than 51k% for the money they depose in the Bitmex account and every week they make more than 10k bitcoins. This shows that their level of manipulation is enormous and we should follow its strategies and signals in order to survive.
December 09, 2019, 03:01:45 AM
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.
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.
I think that's pretty sound advice - although I would also suggest trading on a P2P marketplace like Vertex. One trade will not impact the price of another because offerings are set by other traders. Therefore, it's pretty unlikely that you'll be massively effected by a whale. In fact, more whales should use marketplaces. It just makes sense. I think we'll see a lot more big transactions taking place P2P in the future. Thanks for the information - it was super interesting!
December 07, 2019, 06:55:40 PM
Everyone that had that kind of power will use it to try to get even more profits that is completely natural, what we need to do is to try to figure out how to get profits despite those manipulations.
What people need to figure out is that they will very likely lose a lot of money trading because they are clueless about technical analysis and what makes this market so volatile and brutal to trade.Only noobs think that this market is being manipulated. Every dump people complain about whales controlling the market by manipulation, but when the price explodes, they like it and don't complain. What a hypocrisy, right?
As long as people can make profit everything is tolerated, but when the market conditions change and they lose, then it's manipulation.
December 07, 2019, 02:28:21 PM
It's okay to lose as long as you learn something in return and that's your investment—learning through the process. Don't just quit easily just because you lose a lot from the market it takes time before you even master the skills of trading. Don't stop believing and learning everyday because someday you will step the foot of being one of the whales. It takes constant practice and learning in order for you to achieve the trading strategy.
Whales are not quitters, they are risk takers and has smart thinking more than enough to manipulate beginners mind. If noobs will allow this one, they just consider themselves as prey to the whales and beaten up. That is why whales will getting richer and richer cause they know exactly what they are doing and never mind the risk they are facing.
I think the best strategy for noons if they want to survive in a whale market is to understand and use the money management system and put into practice. If you can take a lower risk appetite, definitely you can manage the waves of volatility and get some profit out too just as the whales.
December 07, 2019, 03:35:14 PM
Whales are in every market be it forex, equity or crypto. They can easily manipulate the market and are always in profit. Being a small fish in the crypto sea, we have to chase these whales and look for our profits and safely quit. Don't try to fight or go against these whales, in my view it's totally useless.
Whales receive a lot of criticism and some of that criticism is deserved but people act like the market of cryptocurrencies is the only one with whales, but compared to other markets the whales that we have here are very small, so what if they are getting benefits from being that powerful? Everyone that had that kind of power will use it to try to get even more profits that is completely natural, what we need to do is to try to figure out how to get profits despite those manipulations. 
December 06, 2019, 12:00:07 PM
Whales are in every market be it forex, equity or crypto. They can easily manipulate the market and are always in profit. Being a small fish in the crypto sea, we have to chase these whales and look for our profits and safely quit. Don't try to fight or go against these whales, in my view it's totally useless.
Agreed but easier said than done. If you hold 2 bitcoins being a small investor and you see the price being dropped to half by overnight, I bet you will be tempted to sell some part of the coins. Look bitcoin has the power of decentralization but that also means that if it becomes 0 you can't complain it or do anything about it.There is no owner or authority that is responsible for it, this is what makes people panic when they see the price dropping and sell which is the exact source of income for whales because they just need to eat small fish in the sea and keep growing. The fun happens when 2 whales are working in opposite direction though because they cancel out each other and face loss each.
December 03, 2019, 04:48:41 PM
It's okay to lose as long as you learn something in return and that's your investment—learning through the process. Don't just quit easily just because you lose a lot from the market it takes time before you even master the skills of trading. Don't stop believing and learning everyday because someday you will step the foot of being one of the whales. It takes constant practice and learning in order for you to achieve the trading strategy.
Whales are not quitters, they are risk takers and has smart thinking more than enough to manipulate beginners mind. If noobs will allow this one, they just consider themselves as prey to the whales and beaten up. That is why whales will getting richer and richer cause they know exactly what they are doing and never mind the risk they are facing.
December 03, 2019, 04:12:47 PM
This is sad but true and something very much nothing to do about. All we can do is to be little bit wise with the way we go about things and our approach. I am always very careful and try to ensure that I work with proper plan to avoid such scenarios.
December 03, 2019, 11:51:05 AM
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.
My opinion is, in the bear market, making money from the market is very difficult if we only use spot exchange. Using margin trading or futures is a great way to make a profit in a downtrend market. It is not bad if you have the ability to manage capital and risks carefully. 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.
December 03, 2019, 11:40:48 AM
I think whales do not have THAT much control over bitcoin as we might imagine. We want to believe that bitcoin is dropping and increasing all due to whales because some of us here think that just as we buy the price falls and just as we sell the price goes up so that we are always at the wrong end of bitcoin (I always earn and spend instead of buy and sell but I do have those feelings sometimes too).
However, reality is that fiat currency and fiat economy all tied to politicians who get bribes from the companies so the rules of fiat economy is basically written by the whales whereas in bitcoin it is decentralized, if we didn't allow whales to run free here, they wouldn't be able to do anything however we do allow them to do whatever they want so mostly it ends up hurting us.
However, reality is that fiat currency and fiat economy all tied to politicians who get bribes from the companies so the rules of fiat economy is basically written by the whales whereas in bitcoin it is decentralized, if we didn't allow whales to run free here, they wouldn't be able to do anything however we do allow them to do whatever they want so mostly it ends up hurting us.
December 03, 2019, 10:29:26 AM
Of course whales are whales and they will only eat the small traders in the market. They have their own ways to trade and can trade alone. With any small market movement they can make money and bitmex i think is number 1 for the most manipulated market as far as i know. However few traders can also make money if they will use big funds with a very low risk or leverage to survive especially for long term trade cycles.
December 03, 2019, 06:43:04 AM
Thats how whales became whales at first place. I dont think there is any other global market where manipulation is higher than of crypto, it impacts very negatively when someone tries to implement real life application for crypto when manipulation is this high.
December 03, 2019, 06:11:03 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".
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".
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December 02, 2019, 11:50:08 AM
In my opinion, the reason why the whales are getting richer and richer while other people are losing is the skills that the whales have. The normal trader or an investor in this market is emotional so when the market drops, they all panic and it results for the whales to get cheap prices wherein they will sell it on a higher price when the dumb money enters the market again.
The skills are the factor that makes the difference between the whales and the traders. Many traders can't rely on their skills and following the signal from some group because they thought that the group is full of whales. But that is not true because the real whales will not say to other people that they have big funds and ready to moves the market. Besides that, the whales will use every chance that is happening in the market so they can influence many traders to follow what they did.
December 02, 2019, 11:38:29 AM
In my opinion, the reason why the whales are getting richer and richer while other people are losing is the skills that the whales have. The normal trader or an investor in this market is emotional so when the market drops, they all panic and it results for the whales to get cheap prices wherein they will sell it on a higher price when the dumb money enters the market again.
The whales are humans and not robots to not have emotions, if you follow the basics you will not end up at a loss no matter how the market goes, just sticking to the basics is the best policy, buy when the market goes down and patience is the key factor and if you invested when the market went down then there is no point in panicking and plan to sell when the market goes high according to your choice. 
December 02, 2019, 07:20:02 AM
Whales are in every market be it forex, equity or crypto. They can easily manipulate the market and are always in profit. Being a small fish in the crypto sea, we have to chase these whales and look for our profits and safely quit. Don't try to fight or go against these whales, in my view it's totally useless.
November 30, 2019, 11:12:37 PM
In my opinion, the reason why the whales are getting richer and richer while other people are losing is the skills that the whales have. The normal trader or an investor in this market is emotional so when the market drops, they all panic and it results for the whales to get cheap prices wherein they will sell it on a higher price when the dumb money enters the market again.
November 30, 2019, 06:19:00 PM
It's okay to lose as long as you learn something in return and that's your investment—learning through the process. Don't just quit easily just because you lose a lot from the market it takes time before you even master the skills of trading. Don't stop believing and learning everyday because someday you will step the foot of being one of the whales. It takes constant practice and learning in order for you to achieve the trading strategy.
Whales are not quitters, they are risk takers and has smart thinking more than enough to manipulate beginners mind. If noobs will allow this one, they just consider themselves as prey to the whales and beaten up. That is why whales will getting richer and richer cause they know exactly what they are doing and never mind the risk they are facing.
November 30, 2019, 03:27:23 PM
Sad fact whales are getting richer each day because they know what will be the market outcome because of their heavy manipulation on bitcoin markets and the small traders only relying on TAs not knowing that this is a game by whales and we need to ride on them inorder to gain more profit like them.
They control this market and can cause volatility at any time, so it's best to limit trading and find other ways to make a profit. I think whales will often manipulate when there is bad news and make investor sentiment more fearful. 2 years have passed and this market still has not changed much so in the future, the investment demand will be much less because no one is interested in the current market.I have lost a lot of assets from this market and am always worried because I do not know how to make a profit and this year will still be the most difficult year for all investors in this market.
November 30, 2019, 01:14:43 PM
Another side of trading zero-sum financial markets, the longer you hold your losing position, it becomes a liquidity provider for another trader. As it mentioned, the leverage is a double-edged sword which can make you rich if you can manage it with the correct mindset after mastering yourself as a professional trader. In the case of reaching wrong hands, the leverage becomes a poison, the melting speed of trading balance just increases in every volatile market days. Stay away from margin trading, if you have no idea what you are doing. For fun, using demo trading accounts is the best choice.
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