Topic: Where do Whales shop for Crypto? (Read 253 times)
Nowadays peoples are wants to connect with crypto. They want to purchase as many crypto. But it’s true all crypto are not profitable some are new in the market. That’s why it’s important to select a good coin.
They could buy cryptocurrency in some big volume exchanges. If exchange have a big volume, you can wait price to recover after you buy some large amount of coins. because usually if coins be bought in massive amounts, the price will increasing.
You can see in coinmarketcap which exchange has a big volumes in crypto.
You can see in coinmarketcap which exchange has a big volumes in crypto.
Don't bother try to track those whales just with order-book since there's too few info and surely those whales aren't dumb.
The regulated Exchanges know exactly who they are and they are reporting this to the authorities. We saw what happened recently with the SEC that started to investigate market manipulation. It would only make sense to use multiple accounts under different names to do this on a large scale and some of these whales work together on different exchanges to avoid detection.
It will just become more and more difficult to detect this in the future, with the increase of the use of decentralized exchanges.
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There are probably a lot of whales on coinbase as they can use their fat cash wallets to buy up loads of bitcoin. Not sure about OTC places to trade, there would have to be an extremely reliable escrow for that
I rather think the whales are rather saving in some hardware wallet or some strrong eallet and not risk their coins online on coinbase or any other online wallet.
Bitcoin prices are influenced by people who have a lot of money to invest or by large number of orders. If a particular whale places orders on sale with a particular exchange, the price will be affected and the other exchanges will do the same. At the moment there isn’t any main exchanges which are affecting prices.
There are probably a lot of whales on coinbase as they can use their fat cash wallets to buy up loads of bitcoin. Not sure about OTC places to trade, there would have to be an extremely reliable escrow for that
To become a whale you need to have thousands of bitcoin’s. It’s pretty impossible to achieve that now so to become a whale you had to buy a lot a number of years ago. So to answer the question in the OP whales bought from whatever exchanges were popular years ago when the price was much, much lower e.g. MtGox.
whales are also controlling us all
Not all to be exact there are still investors who are holding their Bitcoin regardless of the current price. Those who are getting controlled are people who aren't used to losing money and unaware of the risks. This is really confidential and it cannot be said with assurance from where these big whates shop crypto. And I think this is of no use for us to know from where they do so.
No it's not confidential you can look up the stats of these Bitcoin exchanges and know which of them has the most volume.
They don't use cryptopia or liqui for sure. Gdax, bitfinex, binance, poloniex, bithumb etc. are better exchanges for users with large amounts of coins but that really does not matter whether you see it or not.
I do have the same question in mind that where does those whales shop. They are taking control over the price of crypto currencies.
Whales are holding more than 60% of Bitcoin assets in the world. So whales are very easy to manipulate market prices. Whales control the price of the crypto and whales are also controlling us all
Well, the price of cryptocurrency is always fluctuating. There is no single cause that works behind these fluctuations. Till now, no such method or way is found to detect these large transactions.
Mainly BTc price is too high in the market based on its facilities and values also the price of btc is increasing in june but if the whale place order then whole market will be affected because of many things so they should understand this situations also it may affect on price.
I'm assuming bitcoin price jumps are driven by large orders from big hege funds or people with large amounts of money/crypto.
sometimes yes but not always. price jumps can have many different reasons for instance some good news that people were waiting for can lead to a FOMO buy that makes the price jump like that. or for instance breaking an important resistance can lead to a FOMO buy because people see the direction in which bitcoin is headed and start buying with confidence and make the price jump.Quote
Which exchanges would these people/companies use?
the same exchange as everyone else.Quote
I'm interested to explore if these big orders could be detected on the order books on some of the popular exchanges.
yes, you can see then on order books are walls and when they are filled you can see them in the history. you won't learn much from seeing these orders though.Quote
I'm assuming that if a whale places sell order with exchange X the price will be driven down and all other exchanges will follow.
Any ideas which main exchanges are driving the price changes most of the time?
it doesn't work like that because of two things: these exchanges have nearly similar volume (~10% of total) and also arbitrage trading is a thing.Any ideas which main exchanges are driving the price changes most of the time?
so for example if a whale sells a large amount on exchange_1 and drops the price down people who are seeing price is up on exchange_2, 3,4,5,... are going to buy bitcoin on exchange_1 and transfer it to other places to sell and make profit. since it is many exchanges versus 1 it makes that 1 exchange price to come up.
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P.S. I know usually large orders are split into lots of small orders to prevent detection, but still... I feel like some exchanges must play the role of the master while others are slaves.
no detection means also no effect on the price.
Large orders are very influential in price issues and it can determine price increases and big sales can affect the price decline.
I also assume as you think, and big trading or shopping will greatly affect the bitcoin price and I think that order is in big market also like binance, poloniex and also bittrex.
I think they would target small (reliable) exchanges with low volume to drive down bitcoin price first
then when a few small exchanges show lower prices, people on bigger exchanges will start panicking and selling their coins
at this moment, whales would place a thick buy wall with low price on that big exchanges to scoop cheap bitcoin
or they could make a big mess by initiating sell frenzy on big exchanges to push down market price
but this will require big capital (large BTC amount), which as whales they should already have
and they would also buy back on certain price drop intervals to maintains their portfolio value
then they can do the same for raising the price, and their only cost would be the trade fees on buy/sell orders
that's why most people hate capitalist, someone with lots money can control or ruin anything
then when a few small exchanges show lower prices, people on bigger exchanges will start panicking and selling their coins
at this moment, whales would place a thick buy wall with low price on that big exchanges to scoop cheap bitcoin
or they could make a big mess by initiating sell frenzy on big exchanges to push down market price
but this will require big capital (large BTC amount), which as whales they should already have
and they would also buy back on certain price drop intervals to maintains their portfolio value
then they can do the same for raising the price, and their only cost would be the trade fees on buy/sell orders
that's why most people hate capitalist, someone with lots money can control or ruin anything
It is true that at the time of large purchase orders will result in a rise in bitcoin prices and vice versa if many sales orders bitcoin prices will go down, and I think exchanges like bittrex and also poloniex widely used in ordering.
I'm assuming bitcoin price jumps are driven by large orders from big hege funds or people with large amounts of money/crypto.
Which exchanges would these people/companies use?
I'm interested to explore if these big orders could be detected on the order books on some of the popular exchanges.
I'm assuming that if a whale places sell order with exchange X the price will be driven down and all other exchanges will follow.
Any ideas which main exchanges are driving the price changes most of the time?
P.S. I know usually large orders are split into lots of small orders to prevent detection, but still... I feel like some exchanges must play the role of the master while others are slaves.
Allow me to use some common sense in answering this topic. Now I'm pretty sure that these whales are smart. So it is normal that they have created an account with every existing exchange platform there is. Now these exchanges have different rates or prices. So where will they buy? Of course, in exchanges with the lowest price! Where will they sell? Just the opposite, in exchanges with the highest price. Simple as that... Which exchanges would these people/companies use?
I'm interested to explore if these big orders could be detected on the order books on some of the popular exchanges.
I'm assuming that if a whale places sell order with exchange X the price will be driven down and all other exchanges will follow.
Any ideas which main exchanges are driving the price changes most of the time?
P.S. I know usually large orders are split into lots of small orders to prevent detection, but still... I feel like some exchanges must play the role of the master while others are slaves.
I do have the same question in mind that where does those whales shop. They are taking control over the price of crypto currencies.
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