Title: Who is a Bitcoin whale? Post by: cryptotipz on June 17, 2015, 04:47:38 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 :) Follow me on twitter: @cryptotipz (http://twitter.com/cryptotipz) Title: Re: Who is a Bitcoin whale? Post by: oblivi on June 17, 2015, 05:37:32 PM Mega early adopters or already fiat millonaires with 100000+ BTC can move markets at will, specially under cooperation. They can rig the market if they all act in sync, thats why we need price crashes, to scare all those lucky individuals holding too much money and spread out the wealth across individuals.
I think a miniwhale is anyone with more than 1000 BTC. Alone can't do much, but a group of them can set trends. Title: Re: Who is a Bitcoin whale? Post by: cryptotipz on June 17, 2015, 05:38:40 PM Mega early adopters or already fiat millonaires with 100000+ BTC can move markets at will, specially under cooperation. They can rig the market if they all act in sync, thats why we need price crashes, to scare all those lucky individuals holding too much money and spread out the wealth across individuals. I think a miniwhale is anyone with more than 1000 BTC. Alone can't do much, but a group of them can set trends. I know a few people with over a 1000 coins, I've seen them start a 5-10% downtrend on Bitfinex with 4x margin back when that was available. Title: Re: Who is a Bitcoin whale? Post by: pereira4 on June 17, 2015, 06:44:04 PM Mega early adopters or already fiat millonaires with 100000+ BTC can move markets at will, specially under cooperation. They can rig the market if they all act in sync, thats why we need price crashes, to scare all those lucky individuals holding too much money and spread out the wealth across individuals. I think a miniwhale is anyone with more than 1000 BTC. Alone can't do much, but a group of them can set trends. I know a few people with over a 1000 coins, I've seen them start a 5-10% downtrend on Bitfinex with 4x margin back when that was available. Are they forum posters? The only people in here that have admited to have 1000+ coins as far as I remember are rpietila and the main devs. I think Andreas said that he "doesn't how that many Bitcoins" but has never revealed his wallet. Title: Re: Who is a Bitcoin whale? Post by: Amph on June 17, 2015, 07:13:05 PM i read about BCX that admitted that he had 5k bitcoin, i don't know if that true but it should be considered
also there was one early adopter here with over 200k bitcoin, i remember his story about police bursting into his home, i can't find the original topic, it was from 2011 Title: Re: Who is a Bitcoin whale? Post by: techgeek on June 17, 2015, 07:45:38 PM who fits a bitcoin whale?
most likely are the ones who run and offer services to the bitcoin community. eg: coinbase, primedice, the twins recent exchange thats about to launch. Those are all whales. Title: Re: Who is a Bitcoin whale? Post by: gentlemand on June 17, 2015, 08:12:34 PM I think Andreas said that he "doesn't how that many Bitcoins" but has never revealed his wallet. He said he came along in 2011 so the super early gains are unlikely. I think I've heard him mention having 100 something coins but I might have imagined it. i read about BCX that admitted that he had 5k bitcoin, i don't know if that true but it should be considered also there was one early adopter here with over 200k bitcoin, i remember his story about police bursting into his home, i can't find the original topic, it was from 2011 That might've been Knightmb. There was some weirdness about Bob Dole's tax records or something related to that raid. At one point he said he had 371,000 coins but has given them away. Er, ok. Title: Re: Who is a Bitcoin whale? Post by: NorrisK on June 17, 2015, 08:41:05 PM I think Andreas said that he "doesn't how that many Bitcoins" but has never revealed his wallet. He said he came along in 2011 so the super early gains are unlikely. I think I've heard him mention having 100 something coins but I might have imagined it. i read about BCX that admitted that he had 5k bitcoin, i don't know if that true but it should be considered also there was one early adopter here with over 200k bitcoin, i remember his story about police bursting into his home, i can't find the original topic, it was from 2011 That might've been Knightmb. There was some weirdness about Bob Dole's tax records or something related to that raid. At one point he said he had 371,000 coins but has given them away. Er, ok. Thats what I would call a serious whale :o Although I think nobody can keep themselves from selling a massive portion during the various price peaks on the way to this point. No way he still has such a number, probably he is swimming in fiat now.. Title: Re: Who is a Bitcoin whale? Post by: Slark on June 17, 2015, 10:24:00 PM It all depends on what definition of Whale you have. Some people could say that whale is someone who owns 1000 BTC. Others may say that we need 100.000 BTC to be called a whale.
I did not find any firm and clear definition of what whale really is. Of course the biggest bitcoin services could be called a major whales too. Leading exchanges or bitcoin casinos... But we are not gonna present you a clear answer Op, because there isn't any. Title: Re: Who is a Bitcoin whale? Post by: avatar_kiyoshi on June 18, 2015, 06:20:26 AM For me a whale is a something can change the price and change the people to panic mode xD
Some one have 10000+btc if he/she can't turn people to panic mode, I think he/she is not a whale. Title: Re: Who is a Bitcoin whale? Post by: chennan on June 18, 2015, 07:44:15 AM For me a whale is a something can change the price and change the people to panic mode xD IMO a whale is someone who has a lot of fiat or bitcoin, can pump up and dump down the price, influence the market sentiment etc. Some things like this often are on the news, some whale are to launch a hot bitcoin related products, like Winklevoss Twins, or some whales predict bitcoin doomsday and sell a large portion of his bitcoin stash.Some one have 10000+btc if he/she can't turn people to panic mode, I think he/she is not a whale. Title: Re: Who is a Bitcoin whale? Post by: Bit-Gods on June 18, 2015, 08:36:43 AM 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 :) Follow me on twitter: @cryptotipz (http://twitter.com/cryptotipz) A bitcoin whale is generally a person who holds a huge amount of bitcoin and if he decides to pump it in the market, it could have some effect on the price of the bitcoin, any person holding upwards of 50,000 bitcoin can be called as a whale, since those bitcoins can be used to create a small wave in the price of bitcoin when traded in an exchange. Title: Re: Who is a Bitcoin whale? Post by: Agestorzrxx on June 18, 2015, 11:03:44 AM I think the bitcoin whales is not some one but some company.
The exchange may be the most possibilty the bitcoin whales. Title: Re: Who is a Bitcoin whale? Post by: gentlemand on June 18, 2015, 11:14:08 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. Title: Re: Who is a Bitcoin whale? Post by: Kakmakr on June 18, 2015, 11:24:30 AM 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. Title: Re: Who is a Bitcoin whale? Post by: BigBoy89 on June 18, 2015, 12:38:11 PM Bitcoin Whale: Have 100,000 BTC + holdings
Bitcoin Mini Whale, Dolphin whatever LOL: Have 20,000 BTC + holdings. Title: Re: Who is a Bitcoin whale? Post by: deisik on June 18, 2015, 04:50:20 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? 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... Title: Re: Who is a Bitcoin whale? Post by: Amph on June 18, 2015, 05:06:40 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 Title: Re: Who is a Bitcoin whale? Post by: manselr on June 18, 2015, 05:43:40 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. Title: Re: Who is a Bitcoin whale? Post by: CoinBateman on June 18, 2015, 06:21:23 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. Title: Re: Who is a Bitcoin whale? Post by: David19 on June 18, 2015, 06:56:55 PM 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. ;D
Title: Re: Who is a Bitcoin whale? Post by: Amph on June 18, 2015, 07:10:59 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... Title: Re: Who is a Bitcoin whale? Post by: n2004al on October 02, 2015, 12:34:51 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 :) Follow me on twitter: @cryptotipz (http://twitter.com/cryptotipz) 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. Title: Re: Who is a Bitcoin whale? Post by: bitgolden on October 02, 2015, 05:08:12 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 :) Follow me on twitter: @cryptotipz (http://twitter.com/cryptotipz) 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. Title: Re: Who is a Bitcoin whale? Post by: Q7 on October 03, 2015, 03:01:27 AM 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.
Title: Re: Who is a Bitcoin whale? Post by: rickadone on October 03, 2015, 04:49:23 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 :) Follow me on twitter: @cryptotipz (http://twitter.com/cryptotipz) 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. Title: Re: Who is a Bitcoin whale? Post by: EthanB on October 04, 2015, 02:01:54 AM 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. :o Title: Re: Who is a Bitcoin whale? Post by: Coinonomous on October 04, 2015, 03:07:30 AM 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. LOL. No, it was just satoshi. He just put all the pieces together coherently. And if his coins ever move, it will be headline news, so don't worry about it. ;) Title: Re: Who is a Bitcoin whale? Post by: fuddudle on October 05, 2015, 09:19:03 AM It's quite sad, but the state of wealth inequality we see in countries will probably precipitate to Bitcoin as well. Sure, large holders early on will hustle and tustle, but eventually it'll become more centralised if it hasn't already.
Title: Re: Who is a Bitcoin whale? Post by: Kaneki on October 05, 2015, 12:16:28 PM we can find out who the Bitcoin whale by checking the names and number of bitcoin he had, you'd better start finding out now and tell me if you have found ;D
Title: Re: Who is a Bitcoin whale? Post by: designerusa on October 20, 2015, 01:34:54 PM Owners of huge amount of bitcoin. So they can manipulate bitcoin's price alone.
They may be ex regular guys who joined early by luck or, They are dark shadowy characters with power. Title: Re: Who is a Bitcoin whale? Post by: ashour on October 20, 2015, 01:36:53 PM A bitcoin whale is someone who controls a huge amount of bitcoin for example 100000 bitcoin. A whale probably has a HUGE capital which can sell or buy without making any losses.
Title: Re: Who is a Bitcoin whale? Post by: eternalgloom on October 20, 2015, 11:55:34 PM Bitcoin Whale: Have 100,000 BTC + holdings I'm wondering how many wallets there are with more than 100k Bitcoins. Bitcoin Mini Whale, Dolphin whatever LOL: Have 20,000 BTC + holdings. Title: Re: Who is a Bitcoin whale? Post by: Nocturne on October 21, 2015, 01:42:15 AM 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 :) Follow me on twitter: @cryptotipz (http://twitter.com/cryptotipz) Those people that holds a lot bitcoins maybe those older ones that have collected many bitcoins before. Title: Re: Who is a Bitcoin whale? Post by: Amph on October 21, 2015, 07:17:18 AM Bitcoin Whale: Have 100,000 BTC + holdings I'm wondering how many wallets there are with more than 100k Bitcoins. Bitcoin Mini Whale, Dolphin whatever LOL: Have 20,000 BTC + holdings. bitcoinrichlist is taked down unfortunately, but i was aware about at least 10 of them, if this changed recently, i don't know, but it was not sure if those belong to one single different entity or a group or something else Title: Re: Who is a Bitcoin whale? Post by: Kevin77 on October 21, 2015, 07:51:54 AM Bitcoin Whale: Have 100,000 BTC + holdings I'm wondering how many wallets there are with more than 100k Bitcoins. Bitcoin Mini Whale, Dolphin whatever LOL: Have 20,000 BTC + holdings. bitcoinrichlist is taking down unfortunately, but i was aware about at least 10 of them, if this changed recently, i don't know, but it was not sure if those belong to one single different entity or a group or something else Most of the whale bitcoin addresses are from early adopters. So my guessing on bitcoin whales must be only very few people who got chances to get bitcoin in it's early stages. Later people might have hesitated to invest into bitcoin. So, there is a less possible for whales who bought bitcoins. Title: Re: Who is a Bitcoin whale? Post by: Kakmakr on October 21, 2015, 07:59:55 AM Bitcoin Whale: Have 100,000 BTC + holdings I'm wondering how many wallets there are with more than 100k Bitcoins. Bitcoin Mini Whale, Dolphin whatever LOL: Have 20,000 BTC + holdings. bitcoinrichlist is taking down unfortunately, but i was aware about at least 10 of them, if this changed recently, i don't know, but it was not sure if those belong to one single different entity or a group or something else Most of the whale bitcoin addresses are from early adopters. So my guessing on bitcoin whales must be only very few people who got chances to get bitcoin in it's early stages. Later people might have hesitated to invest into bitcoin. So, there is a less possible for whales who bought bitcoins. Anyone can become a Bitcoin Whale, if they buy a large quantity of Bitcoins. You do not have to be a early adopter to qualify as a Bitcoin whale. There might even be wealthy business people, who came in late and operated successful businesses. < Patrick Burn or some of the online gambling operation > Early adoption does not make you a whale, some of those people already spend most of those coins on Lambo's and ladies. ^hmf^ Title: Re: Who is a Bitcoin whale? Post by: Febo on October 22, 2015, 02:28:18 PM 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. Those 63900 BTC are there, but they dont belong to casino, but to people that invested BTC there, and get part of profit Casino makes. With Bitcoin is always that you cant have the imaginary ones. If you think you have them then they are not Bitcoins. Title: Re: Who is a Bitcoin whale? Post by: enhu on October 22, 2015, 02:42:34 PM Aren't they the ones who can affect prices and pump and dump?
Whales can mean they can eat investors alive by making hypes about price going up but then these whales dumps to gain making investors look like sardines lol Title: Re: Who is a Bitcoin whale? Post by: pereira4 on October 22, 2015, 06:11:22 PM It will change a lot thought time since yo uhave to consider the current price. In the future, anyone holding something like 21 BTC may have a decent impact on the market, as of right now while we are still on the early stages, here is how I see it at the current prize:
100 BTC: shark 1000 BTC: small whale 10000 BTC: medium whale 100000 BTC: big whale 1000000 BTC: satoshi Title: Re: Who is a Bitcoin whale? Post by: confirmation120 on October 23, 2015, 06:25:26 AM It will change a lot thought time since yo uhave to consider the current price. In the future, anyone holding something like 21 BTC may have a decent impact on the market, as of right now while we are still on the early stages, here is how I see it at the current prize: 100 BTC: shark 1000 BTC: small whale 10000 BTC: medium whale 100000 BTC: big whale 1000000 BTC: satoshi Good chart makes me half way to a shark. Title: Re: Who is a Bitcoin whale? Post by: Kakmakr on October 23, 2015, 06:55:58 AM It will change a lot thought time since yo uhave to consider the current price. In the future, anyone holding something like 21 BTC may have a decent impact on the market, as of right now while we are still on the early stages, here is how I see it at the current prize: 100 BTC: shark 1000 BTC: small whale 10000 BTC: medium whale 100000 BTC: big whale 1000000 BTC: satoshi Ok, so then this will be the visualization for the bottom feeders like most of us. ^joke^ 1 BTC: Plankton 10 BTC: Krill 20 BTC: Shrimps 50 BTC: Squid 80 BTC: Sardines They feed the sharks and the whales ^LoL^ and there are millions of them out there. We form a important link in the food chain for the whales to survive. I am one of those Remora fish, swimming with the sharks. I eat the leftovers after they have fed and I keep them clean and healthy. http://www.lightandsea.com/Tiger%20beach,%20Bahamas/hi-res/lemon%20shark%20and%20remoras%20fish.jpg Title: Re: Who is a Bitcoin whale? Post by: StevenLiang on October 23, 2015, 07:12:01 AM It will change a lot thought time since yo uhave to consider the current price. In the future, anyone holding something like 21 BTC may have a decent impact on the market, as of right now while we are still on the early stages, here is how I see it at the current prize: 100 BTC: shark 1000 BTC: small whale 10000 BTC: medium whale 100000 BTC: big whale 1000000 BTC: satoshi Good chart makes me half way to a shark. Ok, so then this will be the visualization for the bottom feeders like most of us. ^joke^ 1 BTC: Plankton 10 BTC: Krill 20 BTC: Shrimps 50 BTC: Squid 80 BTC: Sardines They feed the sharks and the whales ^LoL^ and there are millions of them out there. We form a important link in the food chain for the whales to survive. I am one of those Remora fish, swimming with the sharks. I eat the leftovers after they have fed and I keep them clean and healthy. So confirmation120 still in Squad of Squid. And i still on plankton level. :D I agree with "1000000 BTC: satoshi" 1M BTC mean $279 x 1M $ 279M hmm.. Title: Re: Who is a Bitcoin whale? Post by: Febo on October 27, 2015, 06:04:18 PM It will change a lot thought time since yo uhave to consider the current price. In the future, anyone holding something like 21 BTC may have a decent impact on the market, as of right now while we are still on the early stages, here is how I see it at the current prize: 100 BTC: shark 1000 BTC: small whale 10000 BTC: medium whale 100000 BTC: big whale 1000000 BTC: satoshi Ok, so then this will be the visualization for the bottom feeders like most of us. ^joke^ 1 BTC: Plankton 10 BTC: Krill 20 BTC: Shrimps 50 BTC: Squid 80 BTC: Sardines They feed the sharks and the whales ^LoL^ and there are millions of them out there. We form a important link in the food chain for the whales to survive. I am one of those Remora fish, swimming with the sharks. I eat the leftovers after they have fed and I keep them clean and healthy. http://www.lightandsea.com/Tiger%20beach,%20Bahamas/hi-res/lemon%20shark%20and%20remoras%20fish.jpg I think 10k BTC you are quite a whale. with 100k BTC you can drastically shake a market. But i dont understand last chart, if Shark have 100BTC, how on earth can Sardines have 80. Here is my chart: 0.5 BTC: sardines 2 BTC: fish 10 BTC: tuna 50 BTC: dolphin 100 BTC: shark 1000 BTC: small whale 10000 BTC: big whale 100000 BTC: pliosaurus Title: Re: Who is a Bitcoin whale? Post by: Sourgummies on October 27, 2015, 09:25:02 PM Aren't tunas actually much larger than dolphins in reality?
Anyway, whoever satoshi is, if they wanted to exchange, they would have done so already - back in 2014. Hopefully they aren't dead. Title: Re: Who is a Bitcoin whale? Post by: sana9821 on October 27, 2015, 09:45:20 PM the whale has to have something like 1000 bitcoins to use it for gambling or something like that little whale would be the person with 100 btc
Title: Re: Who is a Bitcoin whale? Post by: Febo on October 28, 2015, 12:45:21 AM Aren't tunas actually much larger than dolphins in reality? Anyway, whoever satoshi is, if they wanted to exchange, they would have done so already - back in 2014. Hopefully they aren't dead. I would say they are about same size, but dolphins are smarter. Actually the Killer whale is is 4-5 times bigger then Tunas and is biggest dolphin in existence. Title: Re: Who is a Bitcoin whale? Post by: christycalhoun on October 28, 2015, 12:50:10 AM It will change a lot thought time since yo uhave to consider the current price. In the future, anyone holding something like 21 BTC may have a decent impact on the market, as of right now while we are still on the early stages, here is how I see it at the current prize: I used to be a shark until the goxxing happened. =(100 BTC: shark 1000 BTC: small whale 10000 BTC: medium whale 100000 BTC: big whale 1000000 BTC: satoshi Title: Re: Who is a Bitcoin whale? Post by: Sourgummies on October 28, 2015, 01:56:24 AM I would say they are about same size, but dolphins are smarter. Actually the Killer whale is is 4-5 times bigger then Tunas and is biggest dolphin in existence. I actually always thought that tunas were much larger than dolphins. I knew already that dolphins are one of the more intelligent mammals on the Earth. What really bums you out is that they manually breathe, all the time - so they can commit suicide at any point. I looked up averages and it seems that Atlantic bluefin tunas had a max length of 4.6m and bottlenose dolphins in the Pacific go up to under 4m Orcas are amazing, though. Title: Re: Who is a Bitcoin whale? Post by: TTMNewsMJ on October 28, 2015, 10:34:44 AM Bitcoin Whale: Have 100,000 BTC + holdings Bitcoin Mini Whale, Dolphin whatever LOL: Have 20,000 BTC + holdings. Nice! They have a lot of bitcoins. I think they are totally rich. Title: Re: Who is a Bitcoin whale? Post by: Wexlike on October 28, 2015, 10:54:16 AM In my opinion to brand someone as a whale, you should be afraid of him starting to sell his coins.
In the current wide spread market distribution a whale would need approximately 30000 bitcoins to move a price significantly down across all exchanges without leverage. Title: Re: Who is a Bitcoin whale? Post by: Bitcoin Market on October 28, 2015, 11:52:15 AM In today's world, you need 100,000 bitcoin to be a whale. In 20 year's time, you only need 10 bitcoin to be a whale.
Title: Re: Who is a Bitcoin whale? Post by: n2004al on November 17, 2015, 01:12:36 PM In today's world, you need 100,000 bitcoin to be a whale. In 20 year's time, you only need 10 bitcoin to be a whale. Good point of view. Not static classification but dynamic one. I would be more specific. And will change a little your classification. To be, in this way, more precise (according to me): Today needed more than 100 000 bitcoin to be whale. After 5 years needed 50 000 bitcoin to be whale After 10 years needed 5 000 bitcoin to be whale After 15 years needed 1 000 bitcoin to be whale After 20 years needed 500 bitcoin to be whale After 25 years needed 100 bitcoin ti be whale After 30 years needed 10 bitcoin to be whale After 50 years needed 1 bitcoin to be whale Unfortunately I will be never whale. maybe my daughters with my bitcoins will both whales. Title: Re: Who is a Bitcoin whale? Post by: WorldCoiner on November 17, 2015, 01:30:16 PM I would say if somebody owns more than 1‘000 Bitcoin or equivalent 100‘000 Litecoin or 10 Million Nxt, this could be called a whale for sure in my eyes.
Title: Re: Who is a Bitcoin whale? Post by: Denker on November 17, 2015, 02:26:18 PM Definitely not me. :(
Being a whale you need to have at least 50k bitcoins.Maybe more. But with the years coming and going you will need less coins to be one. Who knows in 2-3 decades 100 coins could be enough to be really wealthy. Title: Re: Who is a Bitcoin whale? Post by: Decoded on November 17, 2015, 08:49:25 PM I'm currently holding 160 BTC for the future. Would you call me a whale? I'm aiming to have 0.1% of all bitcoin in existence :D Then I will be truly happy with my life.
Title: Re: Who is a Bitcoin whale? Post by: TTMNewsMJ on November 18, 2015, 11:00:35 AM For me, it is someone who has a lot of bitcoin.
And also a bitcoin collector. Title: Re: Who is a Bitcoin whale? Post by: Lokfar on November 18, 2015, 03:07:23 PM It can be one person or a big company who owns a lot of bitcoins
I think that 1 company holds more bitcoin than 1 single person They are able to make bigger investments rather than just 1 person Title: Re: Who is a Bitcoin whale? Post by: HarryKPeters on November 18, 2015, 09:28:56 PM LOL according to the chart i am a shark. Shark or not it doesn't matter for our influence on the price.
Only the whales can pump it ;( Title: Re: Who is a Bitcoin whale? Post by: LuckyYOU on November 18, 2015, 11:44:14 PM I agree that some parties investors and miners own the most bitcoins. They should have it since they invested lot's of cash for their equipment.
Title: Re: Who is a Bitcoin whale? Post by: newcoins1978 on November 18, 2015, 11:56:44 PM With 100BTC there is not much you can do to influence the market. I think sharks starts at 1000BTC.
That amount of money gives you some nice oppertunities in 1 medium sized exchange. Title: Re: Who is a Bitcoin whale? Post by: magemist on November 19, 2015, 03:53:11 AM With that much in bitcoin why not just cashout and get it in real fiat then be a millionaire instead of a whale?
Title: Re: Who is a Bitcoin whale? Post by: mouneshwar123 on November 19, 2015, 01:04:24 PM BTCjam and Loanbase are a mini whales. They are making a huge business with less risk ratio. Just for the service provided by their website 1 - 3 % loan fee is too much income.
Title: Re: Who is a Bitcoin whale? Post by: richardsNY on November 19, 2015, 01:11:04 PM With 100BTC there is not much you can do to influence the market. I think sharks starts at 1000BTC. That amount of money gives you some nice oppertunities in 1 medium sized exchange. It depends on the exchange. On large exchanges as Bitfinex, Huobi, Bitstamp, OKCoin 100BTC dumps won't do anything. Currently at Gemini exchange it can make the price go down $10-$20 or even more if their order book is very thin. Title: Re: Who is a Bitcoin whale? Post by: MaxTax on November 19, 2015, 03:15:30 PM I believe around 1000btc
I doubt any other bloke on the block has that Title: Re: Who is a Bitcoin whale? Post by: sulfurtank on November 19, 2015, 07:37:08 PM I think Andreas said that he "doesn't how that many Bitcoins" but has never revealed his wallet. He said he came along in 2011 so the super early gains are unlikely. I think I've heard him mention having 100 something coins but I might have imagined it. i read about BCX that admitted that he had 5k bitcoin, i don't know if that true but it should be considered also there was one early adopter here with over 200k bitcoin, i remember his story about police bursting into his home, i can't find the original topic, it was from 2011 That might've been Knightmb. There was some weirdness about Bob Dole's tax records or something related to that raid. At one point he said he had 371,000 coins but has given them away. Er, ok. Well, it's a balance sheet business and now's a tough time to raise more. That will seriously constrain his business, just like it constrained Bitfinex and Coinbase back when they were remarketing Bitstamp's or MtGox's order book (not to mention the credit risk). The closest candidate for a whale is knightmb, who has admitted to owning 300K. Unless the numbers are ginormous, only a few people on this forum can beat a good old market order by 1%. Title: Re: Who is a Bitcoin whale? Post by: HarryKPeters on November 19, 2015, 08:02:10 PM I believe around 1000btc I doubt any other bloke on the block has that 1000 BTC sounds more like it. But close to 5K BTC makes a real whale I think. With so many Bitcoin you can influence the market on a average exchange. Title: Re: Who is a Bitcoin whale? Post by: ssmc2 on November 19, 2015, 08:12:55 PM Loaded. ;D
Title: Re: Who is a Bitcoin whale? Post by: Sourgummies on November 19, 2015, 10:07:20 PM I believe around 1000btc I doubt any other bloke on the block has that 1000 BTC sounds more like it. But close to 5K BTC makes a real whale I think. With so many Bitcoin you can influence the market on a average exchange. Rich get richer. Title: Re: Who is a Bitcoin whale? Post by: ultimatesky on November 20, 2015, 01:30:37 PM I believe around 1000btc I doubt any other bloke on the block has that 1000 BTC sounds more like it. But close to 5K BTC makes a real whale I think. With so many Bitcoin you can influence the market on a average exchange. That's around 1.5 million dollars worth of BTC, i don't think 1 person owns 5k BTC But a company yes, sounds more like it Title: Re: Who is a Bitcoin whale? Post by: pitham1 on November 21, 2015, 10:34:44 AM In today's world, you need 100,000 bitcoin to be a whale. In 20 year's time, you only need 10 bitcoin to be a whale. Nope, as the market grows and adoption increases, the depth of the market also will increase. You will need more bitcoins to be a whale in the future. Title: Re: Who is a Bitcoin whale? Post by: Amph on November 21, 2015, 11:07:05 AM I believe around 1000btc I doubt any other bloke on the block has that 1000 BTC sounds more like it. But close to 5K BTC makes a real whale I think. With so many Bitcoin you can influence the market on a average exchange. That's around 1.5 million dollars worth of BTC, i don't think 1 person owns 5k BTC But a company yes, sounds more like it early adopter are known to hold much more than that, not even talking about satoshi, every early adopter is in the range of 10k-100k even if they dumped i'm sure they are not so crazy to dump every single coins and remaining at zero, many have still more than 5k coins Title: Re: Who is a Bitcoin whale? Post by: Zeroxal on November 21, 2015, 11:24:56 AM One of the biggest whale-sources is China. Big mining companies like Antminer/Hashnest hold tons of bitcoin and a huge portion of the mining share.
However I don't think they would dump the bitcoin because when the price drops, their mining fees (electricity bills) would be harder to cover. Title: Re: Who is a Bitcoin whale? Post by: Gotomoon on November 29, 2015, 12:55:02 PM With 100BTC there is not much you can do to influence the market. I think sharks starts at 1000BTC. That amount of money gives you some nice oppertunities in 1 medium sized exchange. 1000 is good for a medium/small exchange. But it will not affect the bitcoin market as a whole. In order to do that, you need 100,000 bitcoins. Title: Re: Who is a Bitcoin whale? Post by: bitcoinmagnet on November 29, 2015, 01:07:46 PM With 100BTC there is not much you can do to influence the market. I think sharks starts at 1000BTC. That amount of money gives you some nice oppertunities in 1 medium sized exchange. 1000 is good for a medium/small exchange. But it will not affect the bitcoin market as a whole. In order to do that, you need 100,000 bitcoins. Title: Re: Who is a Bitcoin whale? Post by: n2004al on November 30, 2015, 08:49:10 AM I'm currently holding 160 BTC for the future. Would you call me a whale? I'm aiming to have 0.1% of all bitcoin in existence :D Then I will be truly happy with my life. Have no need to have other aims such above written by you. You have reached already the happiness. Having 160 btc (the first one that I meet with such amount of bitcoins) mean to be sure for your future. But if I would be in your place for sure will invest some of those. Cannot resist to such temptation. Are enough (even much) but if can be more why don't try? I am doing some investments but my amount of bitcoin is ridiculous compared to yours. Even cannot be taken in consideration. But I am trying with such amount. If thing goes ok, hope to have more than you. Much more. ;) Title: Re: Who is a Bitcoin whale? Post by: CrimBit on November 30, 2015, 08:50:07 AM 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 :) Follow me on twitter: @cryptotipz (http://twitter.com/cryptotipz) my opinion Satoshi nakamoto founder and trader Title: Re: Who is a Bitcoin whale? Post by: HardForkComing on November 30, 2015, 08:52:04 AM I consider somewhere a whale if he can move the market for at least 1-3% at any time.
Someone with BTC1k can be considered as a whale. Title: Re: Who is a Bitcoin whale? Post by: ThunderThomas on November 30, 2015, 04:03:18 PM I would say around 1000btc is a whale
But don't think that would be enough to move the market I think you'll need at least around the 100k to be able to do that Title: Re: Who is a Bitcoin whale? Post by: Snipe85 on November 30, 2015, 05:24:49 PM I would say more than 1000 BTC, much more. 1000 is nothing since a daily volume on just 1 exchange like bitfinex is over 50k. To really manipulate the market you'd need at least 5-10k.
Title: Re: Who is a Bitcoin whale? Post by: Denker on November 30, 2015, 05:29:38 PM I would say around 1000btc is a whale But don't think that would be enough to move the market I think you'll need at least around the 100k to be able to do that Is there a certain clarification what a typical Bitcoin whale is? But you're right that a whale, as many here would define it, is somebody who has more than enough coins to move a medium sized exchange in one or the other direction. Title: Re: Who is a Bitcoin whale? Post by: newcoins1978 on November 30, 2015, 10:40:47 PM I would say around 1000btc is a whale But don't think that would be enough to move the market I think you'll need at least around the 100k to be able to do that Is there a certain clarification what a typical Bitcoin whale is? But you're right that a whale, as many here would define it, is somebody who has more than enough coins to move a medium sized exchange in one or the other direction. 1000 BTC is quite clear. TBH i think you have to have way more. Closer to 10k. That is just enough to shake a market on a bitcoin exchanged (an average one). I am not one of those whales...yet ;P Title: Re: Who is a Bitcoin whale? Post by: Sir_lagsalot on December 01, 2015, 01:35:34 AM I, personally am not a whale, I only hold l hold 21 bitcoin. I know some people personally who have over 1000 bitcoin. They basically gambled their life savings on bitcoin. I'm not that ballsy.
Title: Re: Who is a Bitcoin whale? Post by: Gotomoon on January 15, 2016, 03:47:42 PM I, personally am not a whale, I only hold l hold 21 bitcoin. I know some people personally who have over 1000 bitcoin. They basically gambled their life savings on bitcoin. I'm not that ballsy. If you hold 21 bitcoin, you are already in the 1 million club. No more than 1 million people in the world can have more bitcoin than you. Title: Re: Who is a Bitcoin whale? Post by: Viscera on November 08, 2017, 09:16:01 PM Mega early adopters or already fiat millonaires with 100000+ BTC can move markets at will, specially under cooperation. They can rig the market if they all act in sync, thats why we need price crashes, to scare all those lucky individuals holding too much money and spread out the wealth across individuals. I think a miniwhale is anyone with more than 1000 BTC. Alone can't do much, but a group of them can set trends. I know a few people with over a 1000 coins, I've seen them start a 5-10% downtrend on Bitfinex with 4x margin back when that was available. I think 1000 BTC is a whale now he can buy a private island property. bitcoin keeps on pumping and it's unstoppable we can't stop bitcoin because major adoption is happening around the globe. banks right now are emerging in blockchains Title: Re: Who is a Bitcoin whale? Post by: DrGuns4Hands on November 08, 2017, 09:18:21 PM they're the one who is early investors in bitcoin the one who has a thousand of bitcoin and now a millionaire after a couple years. If I'm just not broke at that time I'm sure that I can make a millions too right now.
Title: Re: Who is a Bitcoin whale? Post by: amzad on February 22, 2018, 10:34:24 AM The term "whale" is used frequently to describe the big bucks of Bitcoin players who show their hands on the Bitcoin market. The sea is suitable as a metaphor for the market, since it can extend to include a large fish and small fish; Only sharks; Rally as lean food; Wave to market; And so forth.
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