Bitcoin Forum

Just wondering. Would I be considered whale  ???

People consider whales to be someone who is holding a big bag of a certain coin. Maybe if you are holding a certain coin where the total supply is just small or not that big and you are holding a big part of it. Then, you can be considered a whale.

Depends on the volume a coin has. If the volume is for example below 1 million per 24h then you can call urself a whale, but lets say the volume is above 50 million then you are none.

eh no if its bitcoin
you will be trading just over 1 bitcoin out of 16,933,437.
you would want to add on a few zero's to the bitcoin amount and a good few onto the $ amount.
What effect to you think 1 bitcoin can have on the market?
While I visited the Bittrex BTC/USDT order book https://bittrex.com/Market/Index?MarketName=USDT-BTC
I noticed an ask for 91 bitcoin and another for 11.

Other smaller coins and tokens would be different, but what would the point be in being a whale of a very minor coin?

to pick a middle ground, look at the top 20 coins, $10,000 doesnt mean that much in comparison to the circulating supply.

I think to be a whale you must have a lot of BTC, such as Kobayashi that has more than $ 3000000, then he is called a big whale.

but if you only trade with $ 10000, I think you cannot be called a whale.

If you properly and consciously divide your money unto different coins then you are not of the whales in the Bitcoin ocean you are just a big fish trying to survive what you have.

Absolutely right response. Even if your belongings are appr. 10k dollars - you still can be a whale...but if you hold 1 btc or 15 eth - lol, of course no.

I think the term 'whale ' is relative.If you trading with 10,000 on bitcoins,I wont not consider that whale buying or selling,but when you are on a small exchane and are trading in an altcoin with very little value and trade volume-maybe less than 50,000 in a day-then yur 10,000 can be considered a whale because you more or less dominate the trade.

Generally speaking,you are not a whale.maybe a high volume day trader,again that depends on the coin you are trading on or the exchange.

simple answer: NO

I think it depends on the coin. When your trades are forming like 1% of the 24h volume of a coin I would consider yourself a whale. But with the more popular coins that's definitely not the case with 10 grand.

Absolutely no, Why would you be considered a Whale because you have amount a little bit above 1BTC, A whale is a person who their buy or sell order can move the direction of the market. A $10K in most order is nothing expecially on big exchanges, if you are talking if some project with low cap it may move the price because most of them lack volume to help the price

if the volum is low 24h. you are a whale. if you like volum 24h. About 100k or 1 million, you are just an ant ;D

I am confused why are you so ambitious to be a whale?
Is it so important to you?

People will not care about this, you better focus to manage your assets.
How from $10000 could be $100k can even be 1 million dollars.

You will be an Anchovy instead. Do you want to swim in the ocean Anchovy? I think this is difficult for you because whales and sharks are out there and Anchovy does not have a defence for them

Seriously a whale is a person having more than 1000 btc. If you trade in small cap altcoins 100 BTC will make you a whale.

I would say unless it is a really small coin with really low volume, you would not be considered a whale, as your trading would most likely not have any major impact on the price of the coin.

You can become a whale if you buy 1000 WhaleCoin  ;D. You can be a real whale if you have 0.5% of a coin. It depends of the number of people having the coin.

Well sort of, but I don't see any bad reason if you used that money to Altcoins since you have fund to spare not like us that we earn through hard work. You have right to to make it your budget to make it more bigger.

If you trade this much what is impact on the other places stupid. Like you people created a unwanted spam thread in this forum. We all finding the more trouble by the spammer here. I think this thread goes like a trashcan from now.
Hope you lock this thread before all this happen. There is nothing uses for this forum or the members.

I would not consider you a whale. but it all depends on the volume of the coin. if the coin has small turns then you are really a whale. if you look at the top 10 coin, then you're definitely not whale!

You are just a little fish with $10.000  ;D I think whale is someone who can affect the market, you should have at least $10M or such amount of money. I mean $10k is nothing.

It all depends on the coin and its volume, the whale is the one who almost single-handedly captured the coin and can itself influence it. Therefore, think yourself whether you are a whale.

you may.

it will depend on the altcoin you are trading. right now $10,000 is going to give you 1.179BTC and with that amount you can affect the price of at least a hundred different altcoins, possibly more. these altcoins that i am talking about have small volumes since nobody trades them anymore so you can place big buy walls, manipulate the market and a lot of other tactics to pump and dump them.

but if you try to do anything in a bigger market your 1.179BTC will be nothing in something like litecoin for example because they have a much bigger market.

that is why it is becoming harder and harder to manipulate bitcoin because bitcoin is the only thing that is growing for real.

It depends entirely on the coin.
If you are trading $10k of bitcoin, you are definitely not a whale.
If you are trading $10k of a coin that only has $1 million market cap, then yes, you're a whale.

Big fish, small pond. Small fish, big pond. And yes I know that a whale is not a fish before anyone points it out:)

People are playing with billions in crypto. I think a few million plus is enough to be considered a whale but there are different levels of wales so it goes deep

yet another very good reason why Market Cap should not be used at all!

just because some altcoin has a lower market cap it doesn't mean it also has a lower volume. an altcoin with $1 million market cap may as well have such a packed orderbook that nobody can move. or have a huge volume and liquidity that $10k can do nothing about.
for example SMLY has a tiny market cap but the orderbooks are packed (last time i checked it on Cryptopia) and $10k is nothing in it.
or you can see KBR, it has $800k market cap but its volume has been $700,000 and $10k is nothing in this coin.
same with ACE with $400k MC and $600k volume

I think you can call yourself as a whale as long as you holidng big percentage of total supply

I don't think so because there are many people in the crypto world who is having more than 20 BTC with them. There are many whales who can manipulate the crypto market within the second, do you have the ability to manage them within second with your $10k?

$10k is nothing. Maybe $100k could be considered a whale but I thought whales were those with serious money - enough to manipulate the market. Probably $500K+

Exactly! You may never be called a Bitcoin whale (to even join the Bitcoin Club you should have 21 BTC, regardless of the amount) but if you look even on a big exchange like Bittrex, you see coins with daily trading volumes between 1 to 10 BTC. Even with 1 BTC you could trade back and forth several times a day and make the price go crazy.

Manipulation is real in altcoins, as you said.

I think this depends on which coin you trade with and the ratio of what you hold to the total supply.

Sometimes the term whale is used to refer to a person that has more coins than you so i guess others will consider you to be one others wont see you to be a whale.

Well I don't think so. Actually it can depend on the coin and exchange you are in.
If you are playing with BTC or ETH in any exchange you will be just a fish.
You can play with low cap coins in small exchanges, maybe you can be considered a whale. However those exchanges won't have any volume so you will have to wait days to sell and buy coins...

I know a lot of guys on this forum who own much more than 10 k $, and none of them is a whale. In terms of one shit coin you can be a whale with 10 k,  but total capitalisation should be super low

No, thats pocket change to the real whales, try 1000-5000BTC or more.

It depends on the exchange and coin which you are on. For example you are not even a small fish in binance with its coins. Don't worry! You could be a whale if you are on cryptopia exchange with some bullshit 1 Sat coins. Your $10000 would be more than daily trading volume.

I'd say no, you are not a whale with $10k in a coin. Only in that case, if the coin has really low market cap. If so, you can consider yourself a whale at a coin which has a market cap around 10 million usd, but nothing close to the top 100.

You are not a whale , but a sardine if you trade with 10k.

I think whale in crypto world is defined as someone with more than 100 btc of investment, the amount you are posting makes nearly 1 btc, so you are very far away from being a whale.

10000$ is really a good fund to invest and you totally can get big profit with this budget. But to become a whale, you have to invest in coins which have small marketcap. But i think that, the most important is getting profit not becoming a whale

It depends on the coin. Let's say you have 1 bitcoin with that $10k. Or let's say you buy a low market coin under $100k. There's a big difference. Also depends on how much volume there is, some coins only have a couple BTC volume.

Depends on what markets you actually trade in.

If you trade in a very small market then you could potentially be considered a whale. But then it wouldn't mean much as the volume itself is going to be super low anyways, but each of your moves will be impactful on the market.

If you're trading a big coin like ETH or LTC, then there is no chance that you will be considered a whale. You're above average, but I'd say a whale needs to have at least $1 mil of a particular coin invested in his portfolio. Most people will hit you up with a market value trade under $10k no problems, not the same if you're dealing with $1 mil.

10k still a small amount for a whale, usually a pump and dump group need more than 100k, I ever joined a telegram group and they are asking 1million $ investors to pump a coin, so I think you need to have at least more than 500k to be called whale, 10k couldn't do much for alt coin

It's funny)) This amount of investment / trade is not considered significant in the crypto world. Whales have turnover of millions of dollars. I think that 1000 bitcoins is pretty good amount for a pretty small whale.

It depends on the type of the coin, the marketcap. If you're holding a pretty decent percentage of the circulating supply of the coin, then I consider you a whale  :)

$10,000 is like minnow status. nothing wrong with it

Whales are millionaires and 10k dollars is a good amount but not a very big amount. It won’taffect the digital market in any way. Big whales are the ones who can bring changes of millions dollars. Going for low cap projects just to be called as a big whale would not be very clever. The main focus must be on making large amount of profits and that is only possible if a person spends money in bitcoin or potential altcoin like Ethereum.

With such a deposit, you can be considered a whale when trading coins with very small volumes, not more)

Naah, we truly underestimate what a whale is, remember there are people who have over aquired 1K+ bitcoin from years ago. There are also the crypto hedge funds and their large holdings. 10K is a shrimp compared to them.

depends on the supply and the price of the coin you are about to purchase, lets say you will buy a coin amounting to 10kusd and you'll get 1000 of it but the total supply circulating is about 1 billion, we can't say you are a whale since you merely holding a fraction of percentage of it but if the supply of that coin is around a hundred thousand for sure you are a whale of that.

sorry men. I would not consider you a whale. if you use  $ 10000 buy Bitcoin, you only own about 1,22btc. 1,22btc / 16.8 million bitcoin are circulating. It is too small. you will become the whale when you hold a volume large coin.