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Topic: What is a whale? - page 6. (Read 4512 times)

hero member
Activity: 882
Merit: 506
March 24, 2018, 01:11:23 PM
There are no definite amounts for you to be considered a whale but one thing is for sure, you have to own a substantial amount of Bitcoin so as to affect the Bitcoin market when you decide to sell your Bitcoins or when you are eager to buy a huge share in the availability of Bitcoins in circulation.

Whales, as used in this business, can either be people, partnership, corporation or any entity, that owns a substantial amount of Bitcoin. Generally, they are into Bitcoin because they would like to influence the market when they buy and sell for their own benefit. Through their acts, the average investors may greatly benefit from it or may substantially lose a huge amount of sum of money.  
legendary
Activity: 1288
Merit: 1036
March 24, 2018, 12:57:07 PM
The term is using in BTC which means a big capital, big money Bitcoin players that show their hand in the Bitcoin market. Has been applied to the wrong class of investor because the players described below are truly the biggest creatures. The largest players have to stagger and obscure their market entries by splitting large trades into hundreds or thousands of small orders.
It is not only in BTC as you can be a whale even in an altcoin market. As long as you are big player in any market, it makes it easy for you to control that market to your favor based on the perception you want other traders to have to enter the market. When you see a whale at work, you will always know. All the above, sometimes, unless you are really holding a very large one, most whales always come together to make that possible anyway, so I do not usually see it as a one man thing for a big market.
newbie
Activity: 229
Merit: 0
March 23, 2018, 06:45:02 PM
I think in bitcoin whales are the heavyweight palyers who move the market and can manipulate the price of the market if they want depending on the amount of money they  invest in the business.
jr. member
Activity: 104
Merit: 3
March 23, 2018, 09:41:10 AM
The whale is a group that plans or groups what coin they are raising, the whales are many members, and they're a lot to invest, many coin they get to increase it.
jr. member
Activity: 151
Merit: 2
March 23, 2018, 06:54:15 AM
A whale has to be defined in relation to the trading environment.

On a small exchange, a person selling 3 BTC of a cryptocurrency can definetly be a whale.
On a huge exchange, it might have to be 300 BTC though...

What makes a whale is the possibillity of obvious price manipulation.
Yeah, liquidity in a market or a particular exchange also matters anyway but except the market is only available on a particular exchange, that is when being a whale on that exchange may work, but at the same time, low volume exchanges can be very hard to penetrate or make any impact as a whale as you will really need a big market, but I feel you though, in a very good trend, it can be an easy thing to do.
full member
Activity: 686
Merit: 105
March 18, 2018, 05:25:52 PM
I think we have little information about Asian whales. They have a lot of crypto currency and they can strongly influence the market. China has repeatedly demonstrated this. South Korea looks like the engine of a bull market and Japan has a high acceptance of cryptocurrency.
hero member
Activity: 1036
Merit: 520
March 18, 2018, 04:33:53 PM
People with more than 1000 Btc , There are a lot of Whale in Btc market , most of them bought or mined bitcoin when it was cheap , it must feel really good to be a whale I'd like to try it!
legendary
Activity: 1176
Merit: 1024
March 18, 2018, 01:13:23 PM
What is your definition of a whale? How many BTCs do you need to have to be a whale?
The term whale is often used to describe a individual or community with huge financial resources and capital that can influence the prices of these coins in respect to this market.It is also speculated that there are group of whales that manipultes the bitcoin prices and can create pump and dump situation in market.They influence the direcrion of prices in market.But in small exchange a person with less capital can be termed as whale whereas in large exhange huge capital resources are required to be categorized under this section.
Yes. As long as you have all the money to buy in as much as possible to hold a huge position in that market, then that makes you a whale. The essence is just to use your position to control the market and I have actually dreamed of being one anyway. Most whales are good at what they do, and they try as much as possible to throw out some patterns after accumulation to make the traders and other investors to fall in, so they are more like market controllers and they never lose.
hero member
Activity: 2604
Merit: 816
🐺Spinarium.com🐺 - iGaming casino
March 18, 2018, 04:03:10 AM
I know if the pope is someone who has a large capital in the trade of a coin and they can set the price of a single coin with it. at least they have 1000 btc even more.

I think they have more than 1000 btc and I am sure that most of them are in the bitcoin world since the beginning and now they still keep their bitcoin for another year. and they can easily to make the price increase or decrease but I don't think that all of them wants to do this because I think they still want to make a profit from bitcoin and another coin.
full member
Activity: 905
Merit: 113
March 18, 2018, 12:04:52 AM
I know if the pope is someone who has a large capital in the trade of a coin and they can set the price of a single coin with it. at least they have 1000 btc even more.
full member
Activity: 378
Merit: 100
March 17, 2018, 07:48:38 PM
The bitcoin whale is frequently used to describe the big money Bitcoin players that show their hand in the Bitcoin market. They show themselves in the exchanges with orders of 1000 BTC, every now and again. Therefore, they can manipulate the market.
hero member
Activity: 994
Merit: 510
March 17, 2018, 07:47:33 PM
What is your definition of a whale? How many BTCs do you need to have to be a whale?

The term ‘whale’ is a little ambiguous, but I would define it as somewhere in the 1000 Bitcoins range. With current prices for Bitcoin, that’s around 8 million dollars. You could maybe define is as something smaller but the point of the term whale is someone in that has enough to manipulate or influence the market. It has to be a large number to have that affect.
full member
Activity: 2086
Merit: 193
March 17, 2018, 07:46:51 PM
A big whales that can move the crypto market either in a dump or pump one. Those are the great hodlers of coins here that can help us to make money. Cryptocurrency are compose of so many big whales and hopefully their goal is to make bitcoin at a higher price again.
sr. member
Activity: 2394
Merit: 357
March 17, 2018, 07:13:41 PM
A whale on the crypto world is refering to some people or organizations who invest a big amount of bitcoin, so huge like a literal whale that if they withdraw it all, it affects the value of it. Admit it or not, they are somehow manipulating the value to increase or decrease it to earn more profit.
hero member
Activity: 966
Merit: 513
March 17, 2018, 01:04:56 PM
What is your definition of a whale? How many BTCs do you need to have to be a whale?
Whales don't play with BTC, they control it with their Money Power. Bitcoin just assets that they controlled by Much Money.
You can see Mt.Gox example, and i dont know Mt.Gox can we said it as Whale?

He is shit, full shitty minded person with out checking the market movement. He completely vanished the all the crypto currency market. If the bitcoin needs to steady in the market big investor means they have to help the bitcoin price bumps up.

Whale is actually learn the marketplace movement and help it go bigger. Instead he puts down the market place go cheaper.
newbie
Activity: 111
Merit: 0
March 17, 2018, 12:55:53 PM
What is your definition of a whale?
I think the whales are always camouflaged and anonymous to this world. We invest in the market later, which means dependency and default. No one can predict and avoid whale deterrents or pumps.
A share of hope can help you: https://www.ccn.com/bitcoin-whale/
member
Activity: 210
Merit: 10
Never DO AIRDROPS
March 17, 2018, 12:43:28 PM
What is your definition of a whale? How many BTCs do you need to have to be a whale?
Whales don't play with BTC, they control it with their Money Power. Bitcoin just assets that they controlled by Much Money.
You can see Mt.Gox example, and i dont know Mt.Gox can we said it as Whale?
full member
Activity: 448
Merit: 100
LETS GO ADAB
March 17, 2018, 12:20:57 PM
What is your definition of a whale? How many BTCs do you need to have to be a whale?

Whales are those big time investors in crypto currency market, maybe its a group of people and not just a single person. They are the one who cause manipulation of some coin value in the market. I think you need to have at least 100 btc to be called whales.
sr. member
Activity: 490
Merit: 250
March 17, 2018, 12:17:05 PM
What is your definition of a whale? How many BTCs do you need to have to be a whale?
It comes to be a person that having a large amount of bitcoins in trading like a real whale that is large who can eat all the small time traders. Technically this whales are capable or they can make the market move up or down by theie ownself. For me to be called a whale they have to be atleast 50btc.
It seems to me that 50 Bitcoin is too small to have the status of a whale. Apparently, such opportunities are not enough for new users. These are the people who started working with Bitcoin at the beginning of his birthday.
I think it dependa which country are you from because in mine 50 BTVC is already a big amount of money if you will convert it to fiat. And yes mostly of the whales are those who was able to bought btc when it was very cheap and of course expert traders also have a lot of bitcoin with them and the rich people. Mostly whales are the one who manipulate the market and they are the people who can essily make a coin move either up and down.
member
Activity: 333
Merit: 11
March 17, 2018, 11:42:20 AM
What is your definition of a whale? How many BTCs do you need to have to be a whale?
Maybe to be a whale must have a lot of BTC, and as a whale we should be able to do market movements, and should know how we can eat small traders, maybe being a whale is not easy and certainly requires a lot of experience, not just have some BTC that's my opinion .
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