Topic: Whales. What do you know about them? - page 2. (Read 267 times)

Yeah, there are too many people who achieved success and became a millionaire through crypto industry, as far as i know almost all of them are investors, they invested their money in an ICO that became very huge and reach the hardcap, so that they got a lot of money from that Project

The majority of them were old players in the crypto. But there were some people achieve this level due to the luck.

When they are investing in ethereum when it was no more than $1 and this time it will be above 420x from that price.

They achieved that through joined or to be early adopters in the cryptocurrency and you can see the richest person list in the cryptocurrency and how the majority of them putting a little money and this time it worth multi-million dollars.

Not only in crypto market but with different markets such as stock market and other profitable shares where they have the power to manipulate.
I don't want to know more about them and I'm just addressing them as 'whale' and that's enough. What they do is manipulating the market and scaring out those weak hands.

Whales are people who own large quantities of the coin/token and can control the price by putting up buy/sell walls. Whales can be hedge funds, rich entrepreneurs or even the person that lives down the street from you. This person could have participated in an ico and bought a large amount when the coin/token was worth pennies and 2 years later, the coin has grown and now their amount is worth millions. Now depending on the amount they sell, it can and will affect the price of the coin.

Whales in Bitcoin are the blue whales of the crypto markets. Whales in other cryptocurrencies may hold large amounts of a particular currency (like a big fish in a small pond), but would be swallowed up if they tried to compete with Bitcoin whales.

https://www.ccn.com/bitcoin-whale/

I'll have to make do with swimming alongside hoping to catch a few scraps.

These people are the most greedy ones in the market,they have billions of dollars on hand that is why they can easily manipulate the market.They can do what ever they want to the market,so they can easily take profits from the newbie people who just joined the market.Most of these people came from the same institutions,financial insitute like CME and Wallstreet.

Basically it's people who bought bitcoin a very long time ago. Or people who enter with a large capital in the cryptographic currency and repeatedly multiplied it. Or it is the exchanges (CEO exchanges) . That's all I know about Whales in the market

Whales may or may not exist in the way that people say they do. I don't think there are too many billionaires taunting the crypto market. I don't think they are that bored.

Achieved success? Whales are the ones that accumulated BTC early on in the game. Cheap. Some people mine tens of thousands of bitcoins when the blockchain just got started. People who took notice. Then they could buy 50 BYC of some coin. They pump it, make profit and dump it. They're the lucky ones.

I guess Winklevoss twins are the whales that we all know Last info I heard about whales was about skype group where they exchange crypto / fiat without a middleman.

It's a name for people who got a big assets
With that assets , they can set the price of a coin
And if they want to setting the prices
They will buy on a large scale just for one type of coin
After that they will hold the coin and play with the prices

Whales in the crypto world are the same as the sharks in the business. They are calm, reasonable, do not give in to emotions when buying / selling. There is only a cold calculation. I think that know a lot of information about them is almost impossible. And they are unlikely to advertise their names in fact. But the exchange rate is very dependent on them.

Whales are essentially just the market makers of traditional markets.

Pretty complex subject.


I definitely agree with this statement. most whale money is old money that knows how to play this market from large gains and network from the very beginning.  If you started in Crypto in 2010-2012 it's very likely you have tons of influential contacts with a lot of media presence or buying power.  It's not so much who they are as what they do though, which is move markets with large volume to tank the price then soar it back up.

Whales will usually coordinate together to buy through walls of resistance to cause FOMO and then dump just as the hype train starts.. their positions are very large so they have to stack and hide their orders very carefully to get an easy out.  This is the part that's kind of funny to me.. if you see a sell wall people are backing off of its not whales selling their position, they're most likely out of the position they want and are looking to park the fomo into a correction. People know and react to the walls, but they're usually fake but by the time this happens their position is closed and they're looking for the re-entry.  One kind of important distinction I always hear people complaining about is why do whales sell and park the price so often without letting it run?  The simple answer is position trading several times a week in large quantities is much more profitable than letting the price run away from you.  Although you may make even a 100% profit trade this way, the price is now overextended and may take months to be back in position at the bottom of a position trade.

Simply put, whales move markets with large amounts of volume that they accumulated as an early adopter and used their knowledge of multiple years in this market and contacts to know just the right time to signal buyers into fomo then just the right time to get out before it's too late. Then once their support leaves it becomes a self-fulfilling prophecy to correct until their large volume comes in to confirm to the smaller fish that it is time for reversal. 

Those whales out there are the people who owns a thousands of Bitcoin from a different groups. Whales has a 4 groups and each of them groups has a different a nationality of their members and most of them are the veterans traders from forex. They are the ones who really controls the market.

Whales literally are among the largest animals living in the marine environment, poised at the top of the food chain they are very vital to keeping the balance of the marine ecosystem.

Crypto whales are basically just like the animal counterpart except that they have lots of money and resources which they can use to make decisions that will have a massive impact on the crypto ecosystem. They can also be those who were chanced enough to buy massive amount of tokens of big crypto project early enough and selling them off at super low prices for profit

Commonly they are early adopters of bitcoins which has acquired bitcoins when it was very cheap,talking about when it was less than a dollar,luckily these people are either enthusiast of they are just lucky people who stored bitcoins accidentally,but if we are talking about big players you should consider the financial institutions like CME and Wallstreet that are making our market more complicated because of their manipulations.

Everyone knows that they are large and experienced players in the crypto industry. Few people know who these people are and how they achieved such success. What do you know about this?