Who are these so-called "whales' in the Cryptocurrency world?

rumexx

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Quote from: isidrorex on May 06, 2018, 12:25:59 PM

They say they can manipulate the price of a certain cryptocurrency coin. So how do they do that and who/what are the most famous and richest whales in the cryptoccurency world?

Whales are bitcoin holders that are holding huge amount of bitcoin such that whatever actions or inaction by them will send ripples of sentiments to the crypto market. They have been sometimes accused of manipulating the markets by influencing the price by their actions.

Maxpips

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Whoops, I meant the 6th Feb not the 2nd. My bad, was looking at the chart wrong. Cheesy

Maxpips

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If you understand market mechanics you actually can find where the Whales buy and sell.

For example: The rise that started on the 2nd of Feb 2018 after the huge crash was caused by the whales buying. And when the price dropped to the start of this crash on the 4th April the Whales came in and bought again.

In fact, the rise we've seen over the past week or so may also be caused by the Whales buying, it certainly seems like it considering where the rise originated from the momentum behind it.

WoopDeBoop

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Quote from: isidrorex on May 06, 2018, 12:25:59 PM

They say they can manipulate the price of a certain cryptocurrency coin. So how do they do that and who/what are the most famous and richest whales in the cryptoccurency world?

In my opinion whale is every each person who is having enough amount of particular cryptocurrency to be able to shake the market of it trading. And he can use it to manipulate the price of it.

Khuletzky

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whales are the manipulator of all coins, they are the most richest people in the cryptoworld but of course,their identity is completely anonymous.

givinggirl

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Quote from: Leonard2016 on May 07, 2018, 06:56:58 AM

Quote from: isidrorex on May 06, 2018, 12:25:59 PM

They say they can manipulate the price of a certain cryptocurrency coin. So how do they do that and who/what are the most famous and richest whales in the cryptoccurency world?

Different types of traders :

Killer Whale = 5000 BTC or more

Whale = 1001 – 4999 BTC

Shark = 501 – 1000 BTC

Dolphin = 101 – 500 BTC

Baby Dolphin = 51 – 100 BTC

Shrimp = 11 – 50 BTC

Sea Cucumber = 1 – 10 BTC

Plankton = less than 1 BTC Grin

Hey! This is fascinating. I never really knew the type or grouping but now. Meaning everyone know his class but may not know where another guy out there belong since there are no kinda council lolz.

Or did you give this naming? Or how did the ranking come about?

davinchi

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Quote from: isidrorex on May 06, 2018, 12:25:59 PM

They say they can manipulate the price of a certain cryptocurrency coin. So how do they do that and who/what are the most famous and richest whales in the cryptoccurency world?

This is quite funny, especially the place where you said ‘who are the richest whales?’😂😂you don’t know who these whales are, they buy from the black market and you can’t tell when they are about to pump or dump the price of Bitcoin. Whales can’t only be one person who rich and pumping the price up and down, it can also be a group of rich people that are working together to rip off the whole community.

I don’t really know how to tackle these people, but some people say that the only way is for everyone to keep on holding their Bitcoin without selling, but that’s quite impossible. I don’t think people are able to do that.

Ramtapsbtc

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Quote from: isidrorex on May 06, 2018, 12:25:59 PM

They say they can manipulate the price of a certain cryptocurrency coin. So how do they do that and who/what are the most famous and richest whales in the cryptoccurency world?

Who are they? they are very powerful investors, the ups and downs of the price is always between the whales, they sell their coins at the same time, after selling their coins they rebuy them, if they continue this they would influence the price of btc.

fordsons

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Quote from: RakknRoll on July 10, 2018, 02:55:51 PM

Actually the person that comes from my mind who represents the “whales” are the rich people who are very wealthy and have lots of power and influence in this particular field.

Big investors are the whales who manipulate the market and set a price of their choice. Cryptocurrency world is very unique and you cannot say what will happen next. The question is that whales manipulate the market but with whom,?This is the real problem. Those who have the authority involve in manipulating too, otherwise nobody will be able to change the price.

emmiebrizzie

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Whales are the big players in the crypto market space. They are mostly millionaires /billionaires with lots of bitcoin. they buy cheap coins with lots of bitcoin, driving the price up (referring back to economics, the higher the demand, the higher the price) and when the small players like you and i start entering the trade, they dump the coin on us and move on to the next one.

RakknRoll

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Actually the person that comes from my mind who represents the “whales” are the rich people who are very wealthy and have lots of power and influence in this particular field.

Ramtapsbtc

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Quote from: isidrorex on May 06, 2018, 12:25:59 PM

They say they can manipulate the price of a certain cryptocurrency coin. So how do they do that and who/what are the most famous and richest whales in the cryptoccurency world?

Whales are powerful investors ,the decision of rising and falling of values is always between the whales, ex. In one day 5 bitcoin whales come together, they make decision that they all sell their coins at the same second, this would cause catastrophic fall directly, after selling their coins they rebuy them at low price, this will bring them more wealth.

Markyway88

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This are the millionaires that invested in cryptocurrency. They are the one who can manipulate the market because they have the largest amount of share. Well, they say that the price of the market really affects the manipulation of whales however, I do not really believe it because there are many factors affect the price.

East2011

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"Reserve Your Ledger at GYMLEDGER.COM"

I don't know also who are the so called whales in crypto world. Is this a county or people or group of billionaires. And how can they manipulate the market. I am so confused.

bennypagulayan

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MEGATRON - THE RISE OF BLOCKCHAIN REVOLUTION

Quote from: gamalzour on May 25, 2018, 03:37:58 AM

Quote from: jonatuzc on May 12, 2018, 02:35:46 AM

Quote from: sakokinak on May 10, 2018, 08:04:21 AM

Quote from: isidrorex on May 06, 2018, 12:25:59 PM

They say they can manipulate the price of a certain cryptocurrency coin. So how do they do that and who/what are the most famous and richest whales in the cryptoccurency world?

These are the people, who have a huge amount of the cryptocurrency. They say whales have 99% of Bitcoins. Thus, they can easily control the market any time.

I do not know the exact percentage of bitcoiners that are whales or whales that are bitcoiners. But it is very clear that bitcoin has a huge number of big investors who turn the whole market from green to red and the other way whenever they feel like bringing change. The recent dip and the present boost are also due to these guys. But I like them as they help crypto currencies in surviving.

Yeah these whales are just three in the market to manipulate the whole game. They are just normal users but with giant investments in the market and when they become grouped, you just be looking for your luck. This really is so abnormal that some people just made the worst of market and have tendency and potential to detract anything. They are so strong financially.

Whale investors in the cryptocurrency market have dominated a lot of cents and driven the trend in their favor, which is a pretty inadequate thing in this market because every investor's calculations can be False if there is a whale hand.

_Crypto_Space_

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Whales are people who have a lot of money that can manipulate the price. For example, a whale can start buying any crypto currency in large volumes while increasing its price. This is called manipulation.

s31joemhar

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I think the richer once because they have a huge investment in the company which is gives them more money and can considered the more wealthy persons in the whole world.

bummm

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Quote from: Jake2134 on May 07, 2018, 03:56:52 AM

There's alot of whales but all of what they have in common is very wealthy people that do crypto and can controll the market because of worth billions of btc they have.

Most part of the cryptocurrencies mass (especially, Bitcoin) is concentrated in their hands. Having such a huge money, they can easily manipulate the market.

gamalzour

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Quote from: jonatuzc on May 12, 2018, 02:35:46 AM

Quote from: sakokinak on May 10, 2018, 08:04:21 AM

Quote from: isidrorex on May 06, 2018, 12:25:59 PM

They say they can manipulate the price of a certain cryptocurrency coin. So how do they do that and who/what are the most famous and richest whales in the cryptoccurency world?

These are the people, who have a huge amount of the cryptocurrency. They say whales have 99% of Bitcoins. Thus, they can easily control the market any time.

I do not know the exact percentage of bitcoiners that are whales or whales that are bitcoiners. But it is very clear that bitcoin has a huge number of big investors who turn the whole market from green to red and the other way whenever they feel like bringing change. The recent dip and the present boost are also due to these guys. But I like them as they help crypto currencies in surviving.

Yeah these whales are just three in the market to manipulate the whole game. They are just normal users but with giant investments in the market and when they become grouped, you just be looking for your luck. This really is so abnormal that some people just made the worst of market and have tendency and potential to detract anything. They are so strong financially.

Sengoko

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Quote from: Leonard2016 on May 20, 2018, 05:35:37 AM

Quote from: Mpamaegbu on May 07, 2018, 04:04:36 PM

Quote from: Leonard2016 on May 07, 2018, 06:56:58 AM

Quote from: isidrorex on May 06, 2018, 12:25:59 PM

They say they can manipulate the price of a certain cryptocurrency coin. So how do they do that and who/what are the most famous and richest whales in the cryptoccurency world?

Different types of traders :

Killer Whale = 5000 BTC or more

Whale = 1001 – 4999 BTC

Shark = 501 – 1000 BTC

Dolphin = 101 – 500 BTC

Baby Dolphin = 51 – 100 BTC

Shrimp = 11 – 50 BTC

Sea Cucumber = 1 – 10 BTC

Plankton = less than 1 BTC Grin

This is a nice graphics to really put this thing in perspective. I read a similar stuff where the less than <1btc were referred to as Shrimps - Lol. It's all good. What matters is the vivid pictures both paint in one's mind's eye.

But you should edit each start to +1 where Shrimps becomes 11 - 50BTC, Baby Dolphin = 51 – 100 BTC, etc.

Edited , Thanks in advance!

The Whales in the crypto worlds are the brothers of Sharks. They are those people who hold a huge portion of the asset you have invested in and can really change the prices of the assets you hold. They are like the monopolists who are the price makers and for their profit maximization; they can even harm you keeping the Pareto efficiency concept in the mind.

Topic: Who are these so-called "whales' in the Cryptocurrency world? (Read 684 times)