Bitcoin Forum

Hey guys, just found a mind-blowing article (https://news.bitcoin.com/otc-cryptocurrency-desks-trade-billions-over-skype/) about whales and "skype trading".


So in December, when common people sold houses and cars or took loans in the bank and bought bitcoin during its unprecedented growth, bankers quietly sold all the bitcoins out of the exchange at high prices, and this did not affect the exchange rate, but when not over-the-counter areas were over, they came to the stock exchanges and the remains of bitcoin were already sold on open exchanges, causing a price collapse.
If a whale wants to buy bitcoin for $ 500 million and go with this amount to the one of top 5 exchanges, such as Poloniex or Binance, he can in one trading session, push the rate one or two thousand dollars up, and that's exactly what he does not need.

What are your suggestions??? I think the only way is just HODL despite the fact of price collapse.

I half expected this to be happening. If you think about it, people rich enough to be investing millions in different projects would already have a large network, so it's not far-fetched that they'd decide to invest and act collectively in that investment. There are whales everywhere, in stocks for example.

Sure, hodl but if you can, ride the wave with the whales.

Still it cannot prove that not all whales are doing direct trading to each other. If whales need to push the price down they cannot do it just by selling or exchanging FIAT to each other. If Skype Transactions are there way to deal it is because they just want an exact amount or quantity of crytpocurrency they want to get in exchange of their money without influencing the market, but they will always base their trades on the current market value of the cryptocurrency, and they won't stray away far from it.

HODL is the single most effective and appropriate way of not feeding whales, but we also have to make a purchase. How wonderful if the plan is done simultaneously by all bitcoin users without exception, but it seems difficult to do because some of us are still many sell bitcoin even though the price is low.

I agree with you, because the sale of bitcoin with high value will make the skeptical bitcoin value and unstable bitcoin value.
Finally, bitcoin confused should stay at which point.

and our attitude is holding or buy along with whales.

If you have read attentively the article and my comment, it was mentioned that if they want, a single whale could manipulate the price of centralized exchanges (where trade the majority) the way they want, that's not a problem at all for them.

Do you really have another option than holding? You can probably sell now and remain with a very big deficit, you will probably recover less than half of what you have invested. I would say it is better to take the risk and hold your bitcoin for the future because the price is more likely to go up after this big fall. Bitcoin had a few moments in the past where the price increased very much and after that drop very low but it always recovered and increased even more. I think the history will repeat again because it is to early for bitcoin to end now

Dude, firstly you asking me if I have an another option, and than you propose the same.... ??? ??? ??? where is logic?

I simply HODL, and buy more whenever I get my salary if the price dips.

The best thing can be done is HODL which is not easy. It's difficult to see the value of our investment is falling. Many people lose this game and only few people who really believe bitcoin can earn money.

Nice!. I like your way I hope this action is followed by all other users wherever located.


In addition, if bitcoin prices are in a state manipulated by the whales, HODL is impressed in a forced and painful,  only HODL is the single most powerful way to fight whales.

we need to monitor whales, if they sell, then we also need to sell everything.

Dude, it is too dummy tactic  :D :D :D At least it is better to hold, or I don't know, try to learn some things about trading, but stupid following the whales wallets is an already lost game.

Bitcoin was designed as a peer-to-peer payment system, therefore an crypto exchange markets are no needed to make a transactions between users. I think the "gray" price of Bitcoin correlate to its price on the exchanges anyway.

How to withstand to "whales"? Just be a strong "whale" who is buying when they are selling their crypto currencies. :-*

You can't fight the whales; you can't try to see when they're going to buy, you can't try to do anything that is going to time the market. I don't know when, but at some point, people will notice that if they want to make money in traditional markets (and for crypto, as this hasn't failed yet), you have to HODL. You can't go ahead and sell to cut your losses, just HODL and keep buying back.

That's the only thing which has worked to date, so don't try to reinvent the wheel with trading. Follow what has worked, and what will probably continue to work.

The small fish in the sea cannot beat the whales so what we can do is to ride with them. It is not easy to determine what the whales are thinking and since they have been communicating with each other, they can decide whatever they can and move the price without problems for their own advantage. For us, we can see some hints on what their next move will be base on the movement in the price, the increase in long or shorts or the sentiment of the people through media manipulation. We can either hold on to our coins when they decide to push it down and maybe accumulate more of it and ride it when they decide to push the price higher.

you are mainly using this article to exaggerate things and even spread some FUD!

this has been happening for as long as bitcoin was around. not everyone trusts exchanges or wants to use them. they prefer a more decentralized (peer to peer) way of trading bitcoin. it may also sometimes be because of taxes.

you say this as if it was a thing! maybe someone was idiot enough to do something like that but it was not a major thing. most people invest more responsibly than that. some always take dumb risks.

this doesn't even make any sense!

i call conspiracy theory at best. the drop would have come anyways because of the bubble at $20k and whenever a big drop happens and weak hands are flushed out for good the prices drop more like this. it is inevitable and doesn't have to have some evil group of people behind it.

nobody invests that much money in anything, not just bitcoin. if you invest $500 million in stocks or even gold in one go, you will change its price significantly! what they do is that they invest slowly and based on market size.
and by the way neither polonies nor binance are considered top when it comes to trading bitcoin. they do NOT even have a fiat market!

not a good suggestion. there are a lot of options when there is a big drop on the way. HODL is only true when price reaches the bottom and you are too late to do anything else. other than that the dips are a good place to make a huge profit and increase the amount of bitcoin you own.

Lol,  I don't think there is a particular way to withstand whales from coming into an exchange,  but here is a trick,  always watch the change of the exchange you trade and the buy and sell order placed already,  if you see any unusual order with large volume , it means a whale is close by,  if it's a buy order at low rate , immediately change you price to also make purchase at a very low rate.

Be friends with whales and they will be friends with you.

It doesn't work in such way :D :D :D
If it was true my best friend would be Arnold Schwarzenegger ;D

lol

i think the OP read an article about OTC trading. and because the concept was new to him.. stupidly thoought that it was new to the whole community and thus must have been the cause of recent events.

sorry dude but OTC trading has been done for years. its  been happening on IRC and skype even as far back as i can remember starting out in 2012.. so its been going on even before that.

as for the other stuff you say about selling high OTC, selling low on exchanges. thats just mumbo jumbo theory

OTC trading... and pump&dump groups are two separate groups of people

I don't have an answer, but HODL probably isn't a great strategy, not just for dealing with whales, but in general. The question is - can you imagine a maximum conceivable price for Bitcoin? If you can (if we are assuming that the price can't fundamentally go up forever), then eventually a HODL strategy will invariably screw you. The next question would be, can you imagine when this conceivably high price might come? Obviously no one can. I mean, for all we know, it might have already happened. The point is, HODL needs to be couched with careful analysis.

If you enter the market long enough you will realize that you have no way of fighting the whales at this time when the market is under a lot of control by wealthy investors. You can win when you follow the whale trend and vice versa you will fail. Let's study this if you want to get results in the cryptocurrency market.

Yes, you absolutely right, it was definitely new information for me.
Nevertheless I think that OTC trading has great influence on the "basic" market.

I think it's important for investors to think long term and to be more nimble than the whales. If you step back, you can see the manipulation happening. They cause prices to plummet just so they can swoop in and get everything for pennies on the dollar.

Instead of fighting whales. To make a profit you should think like a whale and do it faster than a whale.

You should actually ride the waves with the whales that is why you should buy when prices go down because there will definitely be a pump by whales which will increase the price then you can just sell and repeat

We cannot really go against a whales since the amount of btc they are holding even reaches to more than a hundred thousand bitcoins. The only way to withstand them is to not go against their movement but to join with their flow. If for example they will dump huge amount of btc and that will cause panic then you started buying bitcoins and when the whales are pumping the coins it is your time to sell them.

today many people carry the good name of bitcoin, by bringing the name, they use to deceive many people, so many victims, especially for beginners. and the end, the name of bitcoin become bad in public.

and I think this is the impact of the lack of world attention on bitcoin, the world is trying to cover the bitcoin from the public.

It is hard to beat the whales when you are dolphin. but we can unify together by not doing any panic sell.
so that the whales cannot take the advantages of panic sells done by most peoples.

if you want to hold all the assets you have. then can get satisfaction when agan sell it.
agents must have principles and predictions that are good and appropriate in accordance with the target that you are targeting. and that's not something easy. we have a lot to read about the world of crypto. and always exchange opinions to all our friends .

Not much you can do against the whales unless you form a trustwothy community that can act as a whale. However, you cannot really trust anyone in this crypto world, looking at some of the articles these days you cannot even trust your own family let alone strangers

You are right, a common man cannot fight against big whales because they got good money and experience to manipulate the prices. What one can do is to behave according to their investment strategies and not against it. For instance, if you see sudden rise in prices like 100-200% in few days without any solid news, sell the coins.

There is nothing we can't do about them. They have enough money to buy and sell as much BTC as they want to and it will always happen because they want to earn money no matter what consequences are. IF you are afraid about your profits then simply hold and don't panic. If you would be interested in trading then you would have a problem because you would not be able to predict the market. Once Bitcoin becomes more popular and expensive, it won't be easy to manipulate its price. Give it some time, you have to withstand it.

We can not keep up with the whales, so keep an eye out for Crypto prices so that you can surf the net and take profit in the short term, to predict long-term BTC prices. can not.

The main thing is not to give in to various news that provoke to sell all your assets in the crypto currency, if you know exactly that whales are interested in it.

OP must be long term investor and not a trader.

It's true that anyone could've doubled their BTC if they sold their coins back in december and bought it back again on this bear market. But there are problems doing day to day trades, especially if you're not an experienced trader or someone who can handle the stress and emotions.

OP, if it's true that you're not a trader, you might want to practice it now!

The best thing to do is HODL is not easy. It's hard to see our investment fall. Many people are losing in this game and it's just some people who believe that bitcoin can make a lot of money. 8)

How do you suggest we make friends with the whales. Where are you meeting them? I have met some in other fields but not in crypto!

How to Beat a Whale:

1.) Find a whale that has a daughter (even if she looks like a swamp donkey / if she is hot then that's just a bonus)

2.) Find out as much as you can about his daughter then start interacting with her somehow

3.) Pull out all the stops and get her to fall madly in love with you.

4.) Put a ring on it

5.) Welcome to the Whale league.

 ;D ;D - If you can't beat them.....join them...lol


Obviously, this is a joke - had to clarify that cos some folks around here seem to lack a sense of humour.

I agree with you mate to resist whales the best thing we could do is to HODL but eventually we cannot control everyone to do that it is because there are people who easily get panic and sell their coins which they do not know that they are already feeding the whales also there some reasons why they sell it too like for example emergencies or our of budget but if we can prevent our selves to do that and unite to HODL bitcoin will probably go higher now.

Some people just end up giving up even when it comes to holding their bitcoins because as soon as the currency starts to rise something happens and then it falls down again. And this has been an endless cycle. To get profits now you will have to buy low and immediately sell when it reaches a certain value while you recoup the profits in between.

This is quite a quite obvious behavior for the really big whales, however I didn't think about that. What I wonder is how do they find each others to make these trades. You onviously don't place an ad on a newspaper "looking for other whales for OTC trades".

I suggest not withstand. Try to be with him. Understand what he try to do and do same. that's hard for me now a days. but when i realize how they move that's gonna be beautiful.

The effective way to withstand whales is never make any quick decision when they dump the coins.
just let they dump, they want to buy back with the lower price if we follow to dump.

Unfortunately you cannot do Mich avoid whales but some precautions may help you. For instance, you should not consider weak coins which are often pumped by whales.

hodl and buy is the solution when the market is bearish, I am more happy with the double strategy. I do not only buy bitcoin, but also I invest in every altcoin like Ripple, monero, NEO.

and this can withstand whales although only temporary. whales control the market and prices. so, I think that double strategy is the solution to make the whale silent.

These consortiums are always in control of the cryptocurrency market, and they cause price fluctuations by buying or selling them in large quantities!

They lose their money when they buy and sell! I think that as long as investors insist on holding their own cryptocurrency, everything they do is in vain!

how to judge the whale to start buying . my strategy is to find the address of the whale's wallet and pay close attention to the direction of the coin inside .

"Circle traded OTC up to $4 billion a month over the past year, spokeswoman Jennifer Hanley said." - So they just keep

 on fu#king us over.  >:(

" It can also be a way for whales to avoid making big waves or spooking the market by keeping their trades private." I call

Bullshit on this, because these people are using OTC to benefit their own hidden agendas. If they want to hurt the price and

not attract attention, they would just buy massive amounts of coins on OTC platforms and then dump them gradually on the

exchanges, when they want to manipulate the price. This explains why we have been seeing a steady decline in the price,

since last year.  >:(

I do not thinkn there are good ways to wothstand whales 'cause you do not have the equivalent in btc. I mean if they want to drop prices they just push bhtc in mass to the market, what can we do? - nothing btc remains unregulated which is good in first place..

jes they dont just do that they also influence the established and fancy cryptomedia to do so called "bull calls" thats when they have bought token and want to sell more expensive etc.

when whales were involved into certain market and coins, i think once you know it that they were there, you should avoid it or you just need to watch it.
to dangerous play with them, high fluctuations has been created to just make fast FOMO and Panic at the same time

HODL would be the best option.But we could not expect newbies also to do the same as they get panic quickly and sell off their coins.Big whales could not manipulate bitcoin easily as altcoins not only due to its huge volume,but also due to the early investors who steadily HODL supporting bitcoin.

hodl is not only the best option when a whale attacks or start to manipulate the market. What if whales do buying tactic in order to increase the price of a certain coin?  Do you think hodling is still the best thing to do? of course not , we need to act fast by selling our coins immediately because whales manipulation are only temporary.

If newbies is your concern because they tend to panic sell.  Then let them panic sell. if the price can go down we can still use it as our advantage by buying the coins at a lower cost. We can then sell those coins after the market starts to recover again. As simple as that.

HODL is not particularly suitable for every trader because some are unable to muster the courage necessary to sit tight though price could be nose diving. To such persons, I would say instead of chasing shadows, trying futilely to hinder whales, best to align with their trend and make the most such opportunities offers.

Being up in the mountains, and letting everyone else fight for data and speed. You’re slowing down while they’re speeding up. It’s counter-intuitive. But sometimes that’s where the edge is. Doing the opposite of everyone else, and taking the opportunity they’re leaving on the table.
READ MORE HERE: https://medium.com/luchini-in-the-air/a-simple-hack-for-startup-investors-953880eb69f0

It's easy to hodl when only a small % of your money is at stake.
Many got into crypto with most of their money, hoping to get it back soon with an interest.
Following the wales is probably best to do if you can't be one.

Let them continue to trade like that as cash over the counter. One day they all will need to buy bitcoin and they will not find any seller among themselves so they will come to these exchanges and they will by from these exchanges at that time they will cause the price of bitcoin to rise. That time is not away from us and sooner they will be in less of supply as in limited market there always felt a decreased supply.

It seems that one way to avoid whales is to patronized decentralized exchanged instead. Its just suspicous why centralized exchanges has the biggest factor that tells us the current price of crypto. I dont understand why people keep telling that they love decentralization while having the fact that most of them are patronizing centralized exchanges. Its just make no sense at all.

Indeed, most of the time, the whales use the FUD to manipulate the price of bitcoin.
So don't panic at this point. What people need to do is just hold on.

To hold is best response if you bought bitcoin from its highest price but If you can manage to ride with the whale manipulation in the market can give you a chance to restore what was your lost but the risk become double.

Whether we like it or not whales control everything in the industry including crypto currency, they are the one responsible in price manipulations in stock markets or crypto exchanges. If you buy into their games you’ll get rekt easily, but if you study on how they move markets you’ll get profits easily and avoid being broke.

This is really hard, if you are a day trader you can't just hold since you are monitoring your amount on daily basis and you just can't lose more than 20% of your current asset  because of the FUD made by this whales.


What I can really think of right now is that instead of contradicting the flow of the price because of the whales. We are more likely needs to go with the flow which is really hard in the first place unless you can talk with them since this is a mind game.

The whales for us, there are not many ways we can protect them. They have too many bitcoins and can easily manipulate the market. If they are trading over-the-counter to control prices, then we can All have.

Bitcoin is good to hold for long term. Many authorities want bitcoin price drop and trying to kill bitcoin price but I do believe bitcoin will survive. Right now many expert from investment bank make prediction that bitcoin can rise to $25k on years end.
Whales always want to buy bitcoin cheap and trying to manipulate bitcoin price but if we keep our bitcoin hold, i think they will have difficulty

Individually as a hodler there is nothing we can do to thwart the whales from manipulating the market and the most annoying is that when they dump btc they usually create FUD thus encourages many smaller btc hodlers to dump too out of fear, personally I don't entertain any fear again as I have a firm belief that whenever the price of btc crashes due to whales activities it always bounce back.

I don't know if that is possible, you cannot keep up with them even if you try, because they have vast resources and big funds to allocate on their trading, the best you can do is to join pools to invest whales can continue manipulate the price and you cannot keep up with their action.

i think only hold to withstand whales,with many good coin :eth btc bnb bch.. in the future it will increase but when it can rise it is a long time and if we only hold for log time we can take profit,trading days is very tired with whales

if you are alone and have very little capital it seems like you will find it difficult to control or defeat the whales, you better follow the whale game and can benefit from the whale game.

There is no doubt that big whales plays a big roles in manipulating bitcoin price. But to withstand big whales strategy we need to make an analysis on how to manage it so that we can avoid possible losses. Try to absorb the risk because if we succeed it will worth to big profit.

I think in general people probably overestimate how much individual traders are personally affecting the Bitcoin market. The natural supply and demand isn't going to be disrupted too much by a few big traders in my opinion. People like to use 'whales' as an excuse and explanation when the market trends downwards. It's literally always been like that since Bitcoin was worth a couple of bucks.

I would say it is better to take the risk and hold your bitcoin for the future because the price is more likely to go up after this big fall. Bitcoin had a few moments in the past where the price increased very much and after that drop very low

to hold the whales you do not seem to be able because the whales have so much money and can be the driving force of coin prices. you better follow the game of the whale to be able to earn a lot of profits.

That is really how the world goes. Powerful people group together to have a bigger control on anything they wanted. If they want to manipulate the market, their billions of money can easily do it. Even it is  in crypto or not, it is very possible for people like them and we can't do anything about it.

On the off chance that whales need to push the cost down they can't do it just by offering or trading FIAT to each other. On the off chance that Skype Transactions are there approach to give it is on account of they simply need a correct sum or amount of crytpocurrency they need to get in return of their cash without affecting the market, yet they will constantly construct their exchanges light of the present market estimation of the digital money, and they won't stray away a long way from it.

Despite of what will happen to bitcoin price like it will take a longer months of bearish market, the best thing to do is really to hold your coins adjust wait for it to recover. I believe that btc and alts will not stay long in this bearish market and there will be time that market will become alive again because of the pump. Let us not be affected by any bear market that will ever come for it is just temporary and this will regain back the market on the right path of recovery. With this, I think that we can withstand  the whale investors  strategy by holding our coins and will just wait for the right timing before selling the coins.

You're right that we can't change anything but we can do something.
We can ride the waves they set for us and make a profit.
It's the reason I read the news before trading every day.

I really don't care about whales. I go about with my own trading business without minding them. I surf around smoothly without the burden of thinking, "what will the whales be doing next?" At one point, a time came to each of us when we got pissed with the fact that whales could manipulate the market. But it came to me, "why bother?" They have the upper hand!  It's not that I'm being pessimistic, I'm just being optimistic with my own business and not theirs. So today, I don't get affected with what these whales do. I have my own strategy which works best for me.

I would agree with your HODL strategy, Whale's are something that exist currently however as mainstream adoption increases they will become extinct. In the beginning there where few players but as time goes on all cryptocurrencies will become more diluted amongst more and more people hence forth decreasing risk of pump and dumps.

It's actually quite useful to observe and utilize whale manipulation patterns. Whales manipulating the market means they do the work for you, where if you spot their patterns early enough, you can benefit from their manipulation nearly as much as they themselves do. In current times it looks like large parties are using well coordinated dumps to keep the price where it is right now, all to keep accumulating and to ride the secondary betting market that BitMex offers. There seems to be a very strong correlation between the regular market dumps and the short bets placed on BitMex. I wonder if BitMex is doing anything to track suspicious market activity on their platform, but probably not.

Most of the times when the whales take over, we are rendered  helpless as we are most of the times caught in aware, unfortunately there is nothing much that we can do. Instead just hold on to those coins as much as possible

I think whales is the market controller, they can buy and sell huge amount of coins in the market.
but i think to withstand whales, as a small individuals, we need to unify to overcome them. Let the whales sell and dump their coins.
we dont need to follow dump our coins because the price dropping. and later they will buy back.

You trade and the buy and sell order placed already,  if you see any unusual order with large volume.we need to unify to overcome them.the best you can do is to join pools to invest whales.

To Hodl is the single most effective and appropriate way of not feeding whales, but we also have to make a purchase. How wonderful if the plan is done simultaneously by all bitcoin users without exception, but it seems difficult to do because some of us are still many sell bitcoin even though the price is low

You exchange and the purchase and offer request set as of now, in the event that you see any surprising request with expansive volume.we need to bind together to defeat them.the best you can do is to join pools to contribute whales.

Maybe the best way to withstand from whales is by ignoring their manipulation price in the market.
As you can see now cryptocurrency market is on the dips. If we sell our coins, it means we are panic selling.
So, not selling at the low price is the best way to withstand whales from my opinion.

Never go all in, never panic buy and sell. The Whales just gonna eat you alive. Play smart.

We cannot withstand these whales in the amount of investments but we can defeat them by strategies and plan. These whales exposed the weakness of bitcoin and that is part of their strategy – to destroy the reputable name of the currency while benefiting large income over the years (when price goes mainstream) or their main objective to eliminate the value of the currency because of its potential risk on their mainline (businesses).

If you are already on the crypto market for a sufficient amount of time, you should already understand that we do not have the opportunity to fight whales at this time, when the market is under greater control by rich investors. You can win or fail

I completely support your idea guy. Eliminating the whales out of our head is one of the most effictient way for us to do well our business. I used to wonder why so many people draw their attention to whales, and they don’t know that it’s better off going on their our own way . When one cares about whales, he let whales obstruct their plan, and he even doesn’t know that he is neglected and that would affect him a lot . That’s one of the most popular reason leading many people to failure.

The only way to beat whales is Technical analysis. TA can help you in determining short term trades which are highly manipulated. Else, long term investment are best to not fall in FUD created by whales manipulation. Whales try to panic people into selling their holdings to them when their is a chance of bullish trend reversal. This is exactly what happened in June. People panic sell at the lowest support level and fill whales' bags. Here TA could have helped people in making sound tradimg decision.

I think HODLing is the only way. If price is going down due to manipulation then surely it will come back to its previous price too. Just HODL and we all be fine.

even with large ships and sophisticated fishing gear, if the whales can still loose because of the unexpected things, it still does not belong to us (luck). at least we can get yellow fin tuna. while waiting for us to get the whales back, as well as in the crypto world. when bitcoin is down, we can still expect altcoin to benefit us.

Holding would have been the most appropriate way of dealing with the whales but it is not entirely possible. Even the whales understand that no matter how long you HODL, you will still have a reason to sell at the end. This makes it possible for them to influence the price to their advantage.

Nobody can beat the whales. In fact, it looks as if everyone is at the mercy of the whales because they have the wherewithal to enforce a price to their advantage, either high or low. Holding is very good but for how long can we hold? People can't hold forever because they have needs to meet.

Ordinary traders can't resist these whales because we don't have enough money to do them, and the only way to make a profit is to keep your coins in line with whale operations.

indeed it takes confidence and patience like the advice you hold back and taking the opportunity that will come to get the price advantage down don't make us afraid and panic

I agree. You explained it as simple as possible. sadly these price manipulations cant be avoided

I agree with you fellow. If we cannot fight big waves then just go with it. Go with the flow, makes life easy and pressure less. If not pressured you can think well and decide properly.

We just need to be smart and play their game. Follow the signals and follow the money. We have some very bullish news lately and selling at this moment is the last thing you want to do.

you don't have to withstand them you have to go with the flow. whales are huge and you will get crushed if oppose the flow. find a suitable strategies fitting to you to maximize your profit.

I found the title of this thread quite hilarious. I don't think it's possible to withstand Whales. Haven't you heard the saying that he who pays the piper dictates the tune. This is a game of money, the more you have the better. Imagine a 1% daily on a $1 million dollars investment. Whales will continue to control this game. All you have to do as a shrimps is to be smart and not be greedy, so you won't get eaten by the Whales. My one cent. Cheers mate

I think if we enter the market long enough we will realize that we don't have a way to fight whales right now when the market is under a lot of control by wealthy investors. If we buy their game, we will get the queen easily, but if we learn about how they move the market, we will benefit easily and avoid losses.

Have a lot of money or at least shark, I think really rich people can be in the race of the boss in the cryptocurrency market. Those who do not have enough money are in the whale's whirlpool.

The whale's approach is to create instant price swings by buying or selling cryptocurrencies in bulk!

The best way to stop them from doing so when they dump a lot of cryptocurrencies is HODL's own cryptocurrency, which requires every investor to do so!

I follow the whales to sell when they pump it, and I simply just buy back at cheap rate when they dump, and sell again when they resume the pump madness. I do that over and over again. I never sell when they dump, that will spell doom and never buy when they pump.

Its just how the world works. But we can't do anything if whales decide for themselves on what to do. Just look at what happened to the captain in Moby Dick. We can't fight them. So best is to go with the flow.

I think that we are not able to efficiently withstand whales, but we are able to understand their behavior and prevent their bad influence towards our pockets. We need knowledge and experience for it.

You're 100% right: knowledge, experience, and patience. 8)

If most people insist on using HODL, then the market is always green, do you believe it? But just because most people are reluctant to do so, these whales can be so easily controlled!

The Pope is the owner of a lot of bitcoin, so he can play the price to make a profit. So it's better to take steps to follow them, because fighting the current makes us lose. The Pope is an investor and speculator, so the turbulence in bitcoin prices makes them excited.

If you are a whale as well, of course you can make the table turn using your money and coins.
but if you are not a whale and just a common crypto investors, we should know the market can be affected by the whales, so we don't panic to decide selling our coins.

I have always maintained that we should always expect the best to happen to us. You need to maintain a positive mind about bitcoin and never worry about how bad the whales or rich in bitcoin manipulate bitcoin to their benefit. It is a learning process and there is nothing much that you can do.

Good analysis made but I don't think the best option is to Hodl because while Hodling, price would have dropped drastically and you might not be able to get back your entry price and maybe forced to sell at ridiculously much more lower rates! I would recommend you cut loss as soon as you notice red coming in then buy back at lower rate then sell off much later when there's a pump.

To withstand whales ensure your are adequaltely equip with researc base knowledge about the fundamentals of Bitcoin and  price fluctutation, do not panic when prices go down, take advantage and ensure you invest during the bearish period, the future is bright for risk takers. But ensure you save what you can afford to loss.

In my own understanding, how can we be so firm against all odds when the market is down due to the whales playing around with their holdings? For me, i will just always keep in mind to always "sell high and buy low" because it's the only way that we can earn good profit in crypto.

The market is being played by capitalist. I really hate if there is people money that gathered is used by few people who only want profit. please keep hold your bitcoin and don't save money in bank. Just keep your money in your home or use it to buy property or gold, don't ket those people use our money to destroy us.

Don't fight the Pope, we will go bankrupt later. So just follow the rhythm of the popes, because they have very much bitcoin. Each of their actions, selling or buying bitcoin, must have a clear goal where the main goal is profit. If we follow their way of thinking, we can make a little profit.

I would say, convert your crypto to stable coin/token or in fiat when time is right. This way you would say thanks to whales for profits and also that you got to buy cheap coins.

If you can't defeat them, join them.

I chose the HOLD strategy. And I go about my business not even looking at the market.

the article can't make everyone believe, this not-so-strong news might be just an idea, but if there really are miners and big investors, that of course can strengthen that opinion, who would bother to become a miner at the time of BTC prices like this? of course, only a fool or maybe he is someone who already knows the future of BTC they still mine BTC
calculations show that mining cryptocurrency is no longer profitable at this time, so it is very difficult to believe if there are still people doing mining

Holding is the only option we have. Because if we do coin sales at this time. So we will not have any advantage in this. So we have to hold our coin.

Joining a pope is more beneficial than fighting them, because the maneuvering has a clear purpose. They sell large amounts of bitcoin the price will go down, so instead they buy bitcoin prices will rise. So just follow the information circulating about the popes who control large amounts of bitcoin.

i think we can't withstand whales
we better follow whale also to take advantage of the moment
if to hold too risky with emotion

I think the best way is to HOLD, there's no harm in holding unless you really need money.