Topic: What is a whale? - page 8. (Read 4566 times)

In general speaking whale is those people who do have the capability or do have big funds to control or affect something since he do have the money to spend on. Either a single person or on a group which a whale can be described. Manipulating price or market can really be done with this big boys which is common since there are people who do have lots of bitcoins from their own stashes.

A whale is a reference to the trader who causes massive fluctuation in the price of the BTC and changes the track of the market. Usually, a whale is someone who plays the 'pump and dump' phenomenon. A whale holds a large share of BTC, I would consider one capable of pumping at least 1000 BTC into the market. The whale will sell all the 1000 BTC at the smallest price in the market or a price smaller than the market price. When all start buying the coins, eventually the price of BTC will fall.

Now accompanying this fall, there are a lot of people who 'panic sell' their coins. They may require immediate fiat currency or that they may imagine the BTC market to crash. In such a scenario they sell and the value of BTC falls further low. At this new low, the whale, scoops up all the 1000 or more BTC and makes thousands of dollars profit.

Assume one BTC is worth a 10000$. If a whale sells 1000 BTC all at once, the price rapidly falls especially accompanied by panic selling. If the price falls to 8000$ or 7000$, the whale again now buys more than a 1000 BTC. Now for the 1000 BTC he recovered, he made a profit of 3000$ per BTC which is 3 Million Dollars profit in a very short span of time! That is indeed a whale that causes great apprehension among the fishes in the sea of Bitcoin market.

A whale is someone with a shitload of money.

You can start anywhere from 1.000 BTC upward. But to be hoenst a real whale will have 5-6 figures of BTC.

Whale is a person who have enough crypto to manipulate market.
I don't know how much crypto do you need to become a whale but it may be more than one thousand btc.

He's not actually but you  the trader itself because you are responsible for your money and you're the one that spend your money on trading. Whales is just another trader or our opponent in this crypto. The control depends on circulation and its co whales with his group.

Hahahaha yes he may be responsible for everything that can happen to you in this world of crypto. Whales are basically the traders like others, but they got some serious nerve over mining, and thus they got plenty of bitcoins under their control, like they bought them. This much bigger number of bitcoins for one trader, this will enhance the chances for them to control the market price of bitcoins.

whale is some one who has lot of financial power to manipulate the prices of altcoins specially where volumes are less. Anyhow whales fight each other also....

this is the most consistent answer among those,whaler must have 10,000 bitcoin to be categorized..this users manipulating the market so the pumps and dumps happens.they are the responsible of what is happening in this community.

Yes, thats the definiton related with cryptocurrency and there is other definition too related other aspect.
However, we are in cryptocurrency then thats more than enough about definition. Regarding how much, its not pretty sure. I think we need more than 25% minimum of the total supply of bitcoin.

By now I don't know how many early adopters of Bitcoin are still in possess of their coins - I believe most of them would probably have sold most of their coins on the way. So current whales are probably more likely to be speculators. Early adopters who still have their coins are likely to not move them. And usually people would call a BTC whale someone who has an active presence in the market, so that he can be "perceived" as a whale. Trust me, I am the Whalehunter

"Whale" in the dictionary is an animal that kills his own kind of underwater. On this forum, whale refers to the investor or the big boss who owns a huge amount of cryptos, capable of manipulating rates on the cryptocurrencies market. At the present time, if you own more than 100 BTCs congratulations you joined the whale team )

The whale are those are the group of big players who cultivate the circulation of cryptocurrency,sometimes they could manage a marketing strategy  that either they would dump the value of all coins and in the end they buy rhem into a  lowest price and sell it into the highest price.becoming a whale we dont know how much of asset do you need to become one of them,but in my own thinking they are the groups of richest people in the world, that compose of all big people in the world of industry.

A whale is a person who have lots of money and is able to manipulate a market. It may be, however, that the term “whale” has been applied to the wrong class of investor because the players described below are truly the biggest creatures in the ocean. whale is frequently used to describe the big money Bitcoin players that show their hand in the Bitcoin market. The ocean as a metaphor for the market is apt, since one can then extend it to include the big fish and the small fish; sharks; rallies as feeding frenzies; waves as market moves; and so forth.

the whales are people who go big and buy with huge capital but how many btc one need to become a whale it depends in coin I guess, so if you are into waves for example you would need more than 100btc to be a whale there but if you are investing in a coin with small volume than even 10btc is ok to be a whale of that coin.

Your right whale is a solely person who have high amount of interest to invest in any crypto currencies. Moreover as per my opinion more crypto currencies are looking whales because they want to increase the status of their crypto in the market. More developers looking for a whale because it was one of the huge investors who can help with them to promote their crypto or ICO's in the digital currency community.

Whales to me are very wealthy investors capable of manipulating and controlling the value of an altcoin or even bitcoin at their will. Whales are the main reason for strong fluctuations during this time as profit taking activities at high prices and buy at low prices. For small investors I think you can only survive in this market if you invest in the whale trend, otherwise you will lose.

You can understand simply that the whales are people whom has huge capital to dump or pump the price as they want, they have ability to control the price of any coins or token on the market. If you wanna become a whale I think you must have thousand BTC at least to be able to control the price of the coin you want.

Who has a much amount of a coin and can have a great effect on market

Well, cyptocurrency has been their passion or they have seen a great  potential earnings in it so we cannot blame them if they want to buy as much as they can or if they want to earn as much as they want, we can do it as well if we really want to, don't be envious with them as they deserve it because they truly believe in this opportunity.

A whale is like God for the unsophisticated trader. A guy nobody has ever seen but must surely be responsible for all my losses.