What makes you a whale? - page 2. | Bitcointalksearch.org

Hanablue

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Quote from: steveabrahams on December 02, 2017, 08:02:06 PM

The definition of whale itself is a person that have many bitcoins or other altcoins in many exchanges, so when he/she dump and sell all their coins, the effect is really big and can makes the price of that coins changed easily. Usually people who is a whale is have more than 50,000 or even more.

You mean 50,000$ or 50000 bitcoins? Roll Eyes

steveabrahams

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The definition of whale itself is a person that have many bitcoins or other altcoins in many exchanges, so when he/she dump and sell all their coins, the effect is really big and can makes the price of that coins changed easily. Usually people who is a whale is have more than 50,000 or even more.

ongels

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The term "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 as apt, since one can then extend it to include the big fish and the small fish, sharks rallies as feeding frenzies; waves as a market moves, and so forth, It maybe however that the term "whale" has been applied to the wrong class of investor because the players described below are truly the biggest creature in the ocean. Perhaps i call you a whale when you own a huge amount of bitcoins in the cryptoworld. Wink

ployfit

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This depends on the Exchange website you present yourself. For Bitflyer, being a whale start from 5 million dollars for example. For smaller exchanges, being a whale can be even less than 1 million dollars.

There is no rule of being a crypto whale in this ecosystem.

sverrir

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I think that heavily depends on the coin. Own 10-20 % of total value i would guess.

DosManos

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Quote from: Anonymous Kid on November 26, 2017, 02:08:37 AM

Just curious. How much money do you need to be classified as a whale?? Grin

whale is when you have a big amount of particular coin...
10,000 ethereum 1000000 KMD ..

waecrum

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Altcom : AZwV4Zh2MdYhvyni4QbR5c2CfsAWkcCXAC

For me a whale refere to someone who own a certain quantity of the total supply of a coin. For bitcoin it should be around 0.1% which is 21K Bitcoin (16.7K with the actual circulating supply), for altcoin it's more around 2% to 20% of total supply so they can manipulate the market like a lot of ICO scam, ninja instamine or airdrop scam... (/s it's all for the futur work of the dev team, they need to eat you know, Roll Eyes

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lepricoin

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umachit.fund

it seems to me that you can be called a whale if you have the most part of investments in any currency. When you alone can influence the currency market.

khichariya1

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I have been a whale of a lot of bitcoins worth nothing.What makes you a whale is, you have to be full of information and knowledge about the world of crypto currency and must be an ultimate wise and is good in java script, c++ and etc.

GayOfThrones

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You can be a whale in different coins - for example I have been a whale of a lot of shitcoins worth nothing. But once one these coins later rose thousands of time, so if I still had those coins I would be a REAL whale, those with millions of $$$.

mademerich

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Most people here are suggesting a whale is someone with hundreds of thousands of bitcoins, but in reality it depends on the coin. Someone who invested 1k in an ICO that generates just 500k is already kind of a whale in that coin especially if that coin has very little liquidity.

Look on any of the slack trading channels where someone who puts in a buy or sell of 5 btc for midcap coins are usually referred to as whales.

lambofan

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Quote from: Stavri on November 26, 2017, 07:46:32 AM

Whale should have enough bitcoin and altcoin to change the trend and price by himself. For bitcoin it is very hard they must have maybe more than 100 million dollars of bitcoins, but it is easier to be an altcoin whale. if they can start collecting from deep price and collects enough (~5% of total circulating supply) of it and also have some bitcoin to pump the price.

They are people who have a high degree of belongings by their side,talking about cryptocurrencies,in other words,they have a big number of these,they can easily manipulate the market sometimes,sometimes they just accumulate and accumulate and other times they only release a lot of coins that they have causing marked changes in prices almost always are very visible when one or several whales are in action because the price moves severely or place great offers of purchase or sale.

yojodojo21

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What makes you a whale is, you have to be full of information and knowledge about the world of crypto currency and must be an ultimate wise and is good in java script, c++ and etc. And of course with huge amount of digital currency/coin maybe 100k and up. Especially Bitcoin.

UltraMegaSick

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Quote from: Anonymous Kid on November 26, 2017, 02:08:37 AM

Just curious. How much money do you need to be classified as a whale?? Grin

20 Bitcoins for sure, that's a great amount of bitcoin possesion.

ilovefeetsmell

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Quote from: qiwoman2 on November 26, 2017, 02:12:02 AM

I would think anything over 100 BITCOIN worth of coinage would make you a mini whale and a big whale would be someone with over 1k worth of BITCOIN and altcoins. I am a single cell amoeba at this point, need some miracle to become anything remotely looking like a whale lol. Grin

Bitcoin will you whale for the price get easily pump over the years and months. As we've wanted, the bitcoin price will actually reachh 10k$ this month. I've read some article bitcoin price will reach million dollars in the year of 2020.

Beicin

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Probably in the tens of millions i'd say. A whale is someone who has the potential to swing the market by himself - In bitcoin this is harder and you'd probably need even more money, but with several millions you can really manipulate some smaller market cap coins.

bartolo

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Do you think whales are individual people or a group of people? Because to be a whale it´s not only having a lot of money, but having the ability to influence on the market. For that it´s needed coordination. I assume there must be some relevant investment funds in the markets.

Vicrypt

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I am with the concept given by some people. 1% of a coin makes you whale in that coin.

Ourat

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I think with my very little experience, and a little income too, it could be like a plankton take time and a lot of magic to become a very big whale. The size of a plankton whale could have been with many miracles hehehe Grin

Muhammad Muneeb

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📱 CARTESI 📱 INFRASTRUCTURE FOR DAP

whales usually have thousands of bitcoins and they can control the market of any token or coin to get profits

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