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Topic: What is a whale? - page 13. (Read 4513 times)

hero member
Activity: 1036
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September 08, 2017, 12:47:43 AM
#69
A whale is nothing more than a rich guy or bot that affects the market of a coin by simply buying over time when the price is low(accumulating) when he has bought enough usually they make an announcement that the coin is gonna moon, once people are affected they buy and buy till price of coin is doubled up or maybe trippled up, once the price is high enough a whale dumps the coin selling it and getting away with profits, the buyers who bought at high price have now made a loss since they sell it for a much cheaper price..
That's true. All those creatures that can affect the price of our assets are called whales. The word "whale" is used for millionaires to because of the huge amount they possess. Obviously, money is also a form of power so they are powerful guys who bring dramatic changes in market.
full member
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September 05, 2017, 12:48:37 PM
#68
A whale is nothing more than a rich guy or bot that affects the market of a coin by simply buying over time when the price is low(accumulating) when he has bought enough usually they make an announcement that the coin is gonna moon, once people are affected they buy and buy till price of coin is doubled up or maybe trippled up, once the price is high enough a whale dumps the coin selling it and getting away with profits, the buyers who bought at high price have now made a loss since they sell it for a much cheaper price..
sr. member
Activity: 2226
Merit: 347
September 05, 2017, 12:14:06 PM
#67
My own definition of a whale are the guys that I need to pump my altcoin to the moon. I can spot many of them in polo and bittrex.

Whale is not bumper who use to do it. Actually they will be people im adoption and technically strong in blockchain and crypto coding who do the basic coding.
Try to invest on bitcoin to become a whale to bump the bitcoin price value.
Your sentence is really confusing. We are talking on what is a whale. Bumper can still be considered as term on ability of them to pump prices and theres nothing to do with those coding stuffs that you do mention. Theres no connection on it.Investing on bitcoin on smaller amounts isnt considered as whale.If you do have thousand or hundreds of thousands then you can consider to call yourself a whale.
full member
Activity: 210
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September 05, 2017, 11:46:29 AM
#66
As far as I know it is the big investors who can manipulate the trend of an Altcoins so they can increase the price. And it can also cost the price for a single moment. When the so-called whale is selling the price it can change an altcoins many people are caught up in here because the altcoins reasonably rise due to the purchase quantity here. But they did not know that it was the whales. So much is caught up and others are forced to sell their coins at low prices.
full member
Activity: 196
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September 05, 2017, 10:54:10 AM
#65
My own definition of a whale are the guys that I need to pump my altcoin to the moon. I can spot many of them in polo and bittrex.

Whale is not bumper who use to do it. Actually they will be people im adoption and technically strong in blockchain and crypto coding who do the basic coding.
Try to invest on bitcoin to become a whale to bump the bitcoin price value.
full member
Activity: 238
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August 29, 2017, 10:02:25 PM
#64
My own definition of a whale are the guys that I need to pump my altcoin to the moon. I can spot many of them in polo and bittrex.
sr. member
Activity: 476
Merit: 250
August 29, 2017, 09:14:38 PM
#63
The whale is a person / company that has a lot of funds to control a trade. Whale often appear in poloniex market. usually whale has funds around 100-1000 BTC or more.
sr. member
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August 29, 2017, 07:24:09 PM
#62
What is your definition of a whale? How many BTCs do you need to have to be a whale?
I think whale is the definition of a person who have big amount of bitcoin they are called them big whales they are those who popular like sasha and vitalik that owns waves dex and ethereum. Those people are big whale's  big assets in crypto world.
newbie
Activity: 46
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August 29, 2017, 08:52:44 PM
#62
A true whale will not only posses a large amount of cryptos/bitcoins but will have experience in the industry and have a vast knowledge in blockchain technology or the cryptos space in general.
sr. member
Activity: 2506
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August 29, 2017, 02:49:17 PM
#61
A whale is a crypto term to describe a person who has a huge number of coin that can move or manipulate market. I guess if you have a 500BTC you can be called whale.

I think it is 100BTC enough

 Grin I think depend on marketcap of coin u invest... it marketcap is only 10k for total of this coin... Cheesy U have 10 BTC. U will becam a whale in that market

Yes it can but most probably i think hundred of btc are considered as a whale.
It probably depends on how you invest and how much market manipulate that price. Yes you can be whale if you have 100BTC in market right now. You can change the whole price charts in coming days if you sell these bitcoins. You are being a whale can change the businesses of many people Tongue
Being a Whale is a big impact to the price of bitcoin, that's why if those Whales are going to manipulate the price make sure you are ready and you are always on the watch list of the bitcoin price. And also i have a feeling that those whales are going to move again when the next fork is going to happen this coming November.
hero member
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August 29, 2017, 02:13:01 PM
#60
A whale is a crypto term to describe a person who has a huge number of coin that can move or manipulate market. I guess if you have a 500BTC you can be called whale.

I think it is 100BTC enough

 Grin I think depend on marketcap of coin u invest... it marketcap is only 10k for total of this coin... Cheesy U have 10 BTC. U will becam a whale in that market

Yes it can but most probably i think hundred of btc are considered as a whale.
It probably depends on how you invest and how much market manipulate that price. Yes you can be whale if you have 100BTC in market right now. You can change the whole price charts in coming days if you sell these bitcoins. You are being a whale can change the businesses of many people Tongue
sr. member
Activity: 532
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August 29, 2017, 12:58:44 PM
#59
What is your definition of a whale? How many BTCs do you need to have to be a whale?

That whale definition is about a person that have many bitcoins or other altcoins and once he pump or dump all his coins, it will makes the coin price changes drastically. That's why people always says the whales are doing it when somebody pump/dump the coin.

I'm not sure how many bitcoins need to be a whale because i'm not a whale, maybe around 20+ bitcoins you can call yourself a whale lmao.
hero member
Activity: 798
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August 29, 2017, 12:30:17 PM
#58
That's simply somebody that has leverage in there exchanges to control them. There's quite a few around, our investment firm has quite a few with in it. It's the same thing in the real world, somebody that has enough leverage that they can buy at a company or buy a controlling interest in a company at a complete control over them.
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August 26, 2017, 10:27:49 PM
#57
A whale is a crypto term to describe a person who has a huge number of coin that can move or manipulate market. I guess if you have a 500BTC you can be called whale.

I think it is 100BTC enough

 Grin I think depend on marketcap of coin u invest... it marketcap is only 10k for total of this coin... Cheesy U have 10 BTC. U will becam a whale in that market

Yes it can but most probably i think hundred of btc are considered as a whale.

but I think if only thousand btc is not already called as a whale because for me, a whale have more than 10k btc in many wallet and that person can play with the price. I think there are people or person that have more than 10k btc and he don't spend much his btc and only waiting for next high price.
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August 26, 2017, 04:21:33 PM
#56
What is your definition of a whale? How many BTCs do you need to have to be a whale?
Those whale are the big investors or rich people who invested a huge amount of bitcoin. There are many investors who investing into bitcoin amounting millions in dollars, However, it is not necessarily for us to become a whale though all of us here had chances to become like that aat the time we get some profit of more that 10BTC.
Exactly, whales are the ones who can change the price high to low and low to high. These are investors like everyone else but they invest not on hundred and tens of dollars rather their investments start from millions and end in billions. Often, the price plunging or sheer up is just because of transactions they do and that give profit to some average traders and for some it is loss.
sr. member
Activity: 462
Merit: 250
August 26, 2017, 11:45:50 AM
#55
A whale is a crypto term to describe a person who has a huge number of coin that can move or manipulate market. I guess if you have a 500BTC you can be called whale.

I think it is 100BTC enough

 Grin I think depend on marketcap of coin u invest... it marketcap is only 10k for total of this coin... Cheesy U have 10 BTC. U will becam a whale in that market

Yes it can but most probably i think hundred of btc are considered as a whale.
member
Activity: 112
Merit: 100
August 26, 2017, 08:52:16 AM
#54
A whale is someone who has enough money to manipulate a market, and they do not necessarily need to be a millionaire because if you have a few thousand dollars you can manipulate small altcoin markets with low volume. Many people could be considered whales.
I agree with you . If we want to be the leader of a market, then we must have a lot of money, at least 2BTC to make the whales in the small trading floors and 200BTC for the large trading floors.
sr. member
Activity: 994
Merit: 256
August 26, 2017, 03:41:25 AM
#53
What is your definition of a whale? How many BTCs do you need to have to be a whale?

Others here are defining literally what whale is, oh the irony. Well for me the definition of whale in terms of market whether it's with bitcoin or not. It's a big player, certainly a single person, groups or companies. I don't have an exact amount or idea on how much they had been holding, I guess 1,000 BTC is their minimum.
That is pretty good amount. I mean a person who have 1000 BTC is billionaire and defiantly he changes the whole graph of bticoin price if he wants, like if he sold his bitcoin with high price then the price of bitcoin rises, if he dump all hi bitcoin then bitcoin prices falls, china is the whale of bitcoin market and japan is on his way to become whale.
hero member
Activity: 658
Merit: 505
August 25, 2017, 08:43:38 PM
#52
On every exchange there are people who sharply raise the price of a coin. They are artificially pumping it. Whales are those people who are able to raise the price of one coin right on many exchanges, because they have a lot of money

Can they really so easy manipulate the market or is this just the fiction? And there definetely isn't enough only one whale to make some impact on market price thry have to work jlont, with same interest have certain amount of bitcoins. It has to be a lot but I'm not sure that is anywhere defined how much that is.
full member
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August 25, 2017, 08:23:04 PM
#51
A whale is a crypto term to describe a person who has a huge number of coin that can move or manipulate market. I guess if you have a 500BTC you can be called whale.

I think it is 100BTC enough

 Grin I think depend on marketcap of coin u invest... it marketcap is only 10k for total of this coin... Cheesy U have 10 BTC. U will becam a whale in that market
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