Topic: Who is a Bitcoin whale? - page 4. (Read 8249 times)

Quote from: bitgolden on October 02, 2015, 01:08:12 PM

Bitcoin Whale: Have 100,000 BTC + holdings

Bitcoin Mini Whale, Dolphin whatever LOL: Have 20,000 BTC + holdings.

there is also satoshi who is holding the most of any whale, what you consider him a super whale? or just The whale?

there were also, in the past big whales(bigger than 100k) who lost their coins, because of their incompetence

How do you know how much satoshi is holding? because of the same addresses that never moved any money?
I would consider all that money gone. If he wanted to do something with it, he would have done so already. Im starting to believe that either satoshi lost control of the coins somehow and now they are frozen forever, or satoshi is dead. I don't believe anyone can fight the temptation to have tons of millions and do nothing without them for so many years now.

Or the NSA created bitcoin as a social experiment on the practicality of a decentralised financial system.

Please don't scare me anymore than I already am. Shocked

rickadone

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Quote from: n2004al on October 02, 2015, 08:34:51 AM

Quote from: cryptotipz on June 17, 2015, 12:47:38 PM

Just wanted to get thoughts and do sort of a survey..

In your opinion, who fits the description Bitcoin Whale? Who's eligible to be called a mini whale?

Responses appreciated

Quote from: n2004al on October 02, 2015, 08:34:51 AM

A bitcoin whale can be only Satoshi Nakamoto. Only him has the right to be named in such way: has one million bitcoins. All the remaining people which own bitcoins are mini whalers. Are diverse races so one have more and another less more but yet to much few compared to the one bitcoin whale.

One million bitcoin is the qualification for being whales means only Stoshi would be the whale. But bigger amount of bitcoins hoarded by a people, may be referred as whale. Mostly the early adopter are whale they got bitcoins for lesser price.

Yes whales are mostly the early adopters. Rarely some people would have bought bitcoin for some money.
But whales would be more conscious about bitcoin price, so we need not to worry about them on price impact.

Q7

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A person or a group of people having sufficient resource to influence and decide the bitcoin price movement. Looking at the size of the market cap I think it needs at least 10000 btc to really shake the market. These are mostly early adopters but I wouldn't discount the fact that it could also be government bodies or even large corporations who have their own agenda.

bitgolden

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Quote from: cryptotipz on June 17, 2015, 12:47:38 PM

Just wanted to get thoughts and do sort of a survey..

In your opinion, who fits the description Bitcoin Whale? Who's eligible to be called a mini whale?

Responses appreciated

Quote from: cryptotipz on June 17, 2015, 12:47:38 PM

A bitcoin whale can be only Satoshi Nakamoto. Only him has the right to be named in such way: has one million bitcoins. All the remaining people which own bitcoins are mini whalers. Are diverse races so one have more and another less more but yet to much few compared to the one bitcoin whale.

One million bitcoin is the qualification for being whales means only Stoshi would be the whale. But bigger amount of bitcoins hoarded by a people, may be referred as whale. Mostly the early adopter are whale they got bitcoins for lesser price.

n2004al

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Just wanted to get thoughts and do sort of a survey..

In your opinion, who fits the description Bitcoin Whale? Who's eligible to be called a mini whale?

Responses appreciated

Quote from: manselr on June 18, 2015, 01:43:40 PM

A bitcoin whale can be only Satoshi Nakamoto. Only him has the right to be named in such way: has one million bitcoins. All the remaining people which own bitcoins are mini whalers. Are diverse races so one have more and another less more but yet to much few compared to the one bitcoin whale.

Amph

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Quote from: manselr on June 18, 2015, 01:43:40 PM

Bitcoin Whale: Have 100,000 BTC + holdings

Bitcoin Mini Whale, Dolphin whatever LOL: Have 20,000 BTC + holdings.

there is also satoshi who is holding the most of any whale, what you consider him a super whale? or just The whale?

there were also, in the past big whales(bigger than 100k) who lost their coins, because of their incompetence

How do you know how much satoshi is holding? because of the same addresses that never moved any money?
I would consider all that money gone. If he wanted to do something with it, he would have done so already. Im starting to believe that either satoshi lost control of the coins somehow and now they are frozen forever, or satoshi is dead. I don't believe anyone can fight the temptation to have tons of millions and do nothing without them for so many years now.

or maybe he predicted a much better price, and this could be the reason why he didn't sold any coin

btw satoshi is holding indeed many coins, because he was the only one that was testing the network at first and with diff 1, you can imagine that blocks went in very quickly

a fast calculation says that he was mining 7200 coins per day, basically all the amount at disposal for the mining, in that era, you need less than half of a year(4-5 months basically), to reach one million...

David19

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I guess i have a probability of being a "mini whale" if i were to dump my coins they would have a minor effect on the price. Grin

CoinBateman

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Bitcoin Whale: Have 100,000 BTC + holdings

Bitcoin Mini Whale, Dolphin whatever LOL: Have 20,000 BTC + holdings.

there is also satoshi who is holding the most of any whale, what you consider him a super whale? or just The whale?

there were also, in the past big whales(bigger than 100k) who lost their coins, because of their incompetence

How do you know how much satoshi is holding? because of the same addresses that never moved any money?
I would consider all that money gone. If he wanted to do something with it, he would have done so already. Im starting to believe that either satoshi lost control of the coins somehow and now they are frozen forever, or satoshi is dead. I don't believe anyone can fight the temptation to have tons of millions and do nothing without them for so many years now.

Or the NSA created bitcoin as a social experiment on the practicality of a decentralised financial system.

manselr

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Bitcoin Whale: Have 100,000 BTC + holdings

Bitcoin Mini Whale, Dolphin whatever LOL: Have 20,000 BTC + holdings.

there is also satoshi who is holding the most of any whale, what you consider him a super whale? or just The whale?

there were also, in the past big whales(bigger than 100k) who lost their coins, because of their incompetence

How do you know how much satoshi is holding? because of the same addresses that never moved any money?
I would consider all that money gone. If he wanted to do something with it, he would have done so already. Im starting to believe that either satoshi lost control of the coins somehow and now they are frozen forever, or satoshi is dead. I don't believe anyone can fight the temptation to have tons of millions and do nothing without them for so many years now.

Amph

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Quote from: cryptotipz on June 17, 2015, 12:47:38 PM

Bitcoin Whale: Have 100,000 BTC + holdings

Bitcoin Mini Whale, Dolphin whatever LOL: Have 20,000 BTC + holdings.

there is also satoshi who is holding the most of any whale, what you consider him a super whale? or just The whale?

there were also, in the past big whales(bigger than 100k) who lost their coins, because of their incompetence

deisik

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Just wanted to get thoughts and do sort of a survey..

In your opinion, who fits the description Bitcoin Whale? Who's eligible to be called a mini whale?

We could apply sociology here and use some income inequality metric, e.g. share of top holders. Thereby we could consider as whales those Bitcoin holders who make up the top decile (10%) of all individual Bitcoin wallets (ordered by size). Thence, mini whales will constitute the next decile after the top one, and so on...

BigBoy89

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Bitcoin Whale: Have 100,000 BTC + holdings

Bitcoin Mini Whale, Dolphin whatever LOL: Have 20,000 BTC + holdings.

Kakmakr

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I see Bitcasino.io has 63 900 BTC in Slot Jackpots. Do they physically have those coins or do they just offer that amount of coins, when people win these jackpots at different times?
It would be interesting, if someone could quote statistics on price movement on exchanges for the different amounts.
A whale should be someone, who can move the price of Bitcoin when he/she sells their coins. If that is the case, you are defined as a whale in my books.

gentlemand

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Quote from: Agestorzrxx on June 18, 2015, 07:03:44 AM

The exchange may be the most possibilty the bitcoin whales.

This is a very good point. At this moment in time no laws are being broken by exchanges who rig the market or front run trades. As long as they spit out coins and fiat there's no reason for them not to use customers funds either.

They do have an incentive not to as if it ever emerged they'd lose customers very rapidly, but I'm not sure a few exchange operators think that strategically.

Agestorzrxx

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I think the bitcoin whales is not some one but some company.
The exchange may be the most possibilty the bitcoin whales.

Bit-Gods

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Quote from: cryptotipz on June 17, 2015, 12:47:38 PM

Just wanted to get thoughts and do sort of a survey..

In your opinion, who fits the description Bitcoin Whale? Who's eligible to be called a mini whale?

Responses appreciated