Bitcoin Forum

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

It can be banks, funds, billionaires, just people who saved thousands of their bitcoins bought several years ago.

This knowledge is absolutely useless, everyone knows that Karpeles stole thousands of coins from his stock exchange, but what has changed?
We know the names of people in Forbes, but we can not influence their decisions and actions.
Do not clog your head with this nonsense....

They can move the markets by them simply buying and selling altcoins but in bitcoin's case they need FOMOs and FUDs to temporarily control it's price. What @Andrey123 said is right but not all of them are necessarily whales. Those who owns a lot of a certain call, may they be in the list or not can be considered a whale. Some of the well known whales that I know are Roger Ver, Sasha Ivanov(waves' founder), and Vitalik Buterin(ETH's co-founder).

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

Whales or big investors can manipulate the price of cryptocurrency because they can buy large amount of specific coin supply, and cryptocurrencies with low trading volumes are the ones that can easily manipulated by whales, they can drive the price to go up and when small investors saw that the price are pumping they immediately wants to enter the market to ride the up trend and what whales will do is to dump the price of that coin by selling all their coins, leaving some of those small investors gaining nothing. And when the price went down, whales will just repeat what the process, re-buy, wait for the price to go up, then dump. This is extremely profitable strategy for whales.

Whales is the people who have owned a large number of bitcoin, there are diffent name of a whales, depend on Bitcoin they have such blue whales if im not mistaken the richest whales and holding more btc. They have the capability to play in market just called pump and dump. If they want to pump the price of a certain coin its easy for them to buy and buy and after a while its easy to dump. Whales is have a biggest gain in trading, remeber more funds is equal to more profit

Yes they can manipulate the price of a certain coin by just buying a huge amount of it. Law of supply and demand. Whales are rich people so they can do what they want in a coin.
As I said in my first answer, they will choose a specific coin to buy then they buy in huge amounts making the price to spike then they will set a price and when that price has reached already, they will dump it into your face.

Nobody can say any people who belong in this so-called "WHALES" because nobody knows them in specific. We only know them in general terms. Maybe they are bank owners, they are rich investors. One thing is for sure for me, they are rich people holding billions of $$ of money.

Since I joined the forum and gotten aware of the term 'Whales' of receiving the blame when there is a fall in price and receiving the praise when there is an increase in the price of bitcoin but what is surprising is that despite all of this,no one can say for sure who the Whales are and what they do it is then safe to say they only exist based on our believe but that is not to say they don't exist. Since its difficult to proof, we just assume that it doesn't just like the stock market with all the regulations and procedure, they deny the existence of insider trading but we all know its a myth that they all want us to believe.

But for other crypto currency coin with low capitalisation, various pump and dump group are the whales in this case. Imagine a group with like 100k members on Telegram focusing on a coin with $5 million capitalisation, you sure know that all that is needed is for 50,000 members to agree to a course of action and spend $100 each to achieve whatever objective they set for that coin.

Whale is a big capital player in the world of cryptocurrency, they can 'manipulate' the price of a coin with their capital by buying much of coin. Then happen to pump or otherwise sells a lot of coins and finally there is a dump.

Different types of traders :


Killer Whale = 5000 BTC or more

 

Whale = 1001 – 4999 BTC

 

Shark = 501 – 1000 BTC

 

Dolphin = 101 – 500 BTC

 

Baby Dolphin = 51 – 100 BTC

 

Shrimp = 11 – 50 BTC

 

Sea Cucumber = 1 – 10 BTC

 

Plankton = less than 1 BTC   ;D

We'll never know but it does amaze me how rarely people name the exchanges themselves as whales. They're already swimming in money, have full access to balances and order books and there are no laws to stop them doing what they want.

I doubt gdax is up to anything but considering their history id be amazed if bitfinex doesn't carry out an hourly insider trade.

Big whales in investments are all anonymous in which they need to keep secret their identities so that their games will not be interrupted because the most important is not to become a famous whales but to earn huge money. I believed that Mt. Gox is one of the big whales in which after pumping the Bitcoin market they dump it but was revealed during the series of investigation after the ultimate dip and they are just make an alibi that they do the selling of Million of dollars of Bitcoin because the exchange was bankrupt.

a whale is basically another investor who has the following attributes:
- a big amount of money compared to the market he is in.
- a big influence on the market because of the knowledge he has.

the size of the money he has isn't just a big number, it is a number that is considered big compared to the market he is in. for example there are altcoins that you can become a whale in with less than $1000. and also having that large amount of money is not enough to be considered a whale you also have to know how to influence the market and when to do it.

Those who have large capital, and when they decide to trade any penny will greatly affect their prices. So people call them whales, they can manipulate the market. So they are getting richer, we are just small investors and clinging to whales.

Whales are not the ones who have so many coins worth a lot but ones who have as many coins as to speculate or move the market. Even if you have such amount of coins, you should also know how to play.

It does not even have to be bitcoin as it could be any market. Most whales look out to control market movement and could otherwise be called market makers due to their large position in that particular market and in that case they see it as a way to move the market based on the way people are going to perceive some level of support and resistance at points in time.

Since they hold large positions, they are always the ones making the huge profit at the end of it all, so I believe that no matter what the power to control is in their hands.

The term “whale” is frequently used to describe the big money Bitcoin players that show their hand in the Bitcoin market. The ocean as a metaphor for the market is apt, since one can then extend it to include the big fish and the small fish; sharks; rallies as feeding frenzies; waves as market moves; and so forth.

Whales are powerful investors. An individual is considered a whale when he is powerful enough to change the value of a coin in a gigantic amount. When you see an extreme and sudden jump on the chart of your coin, it is for sure that there are one or more whales together influencing the value. The whales collectively decide to affect the price of cryptocurrency. For example, five Bitcoin whales come together; they make a decision that they all sell their coins at the same second. This would cause a catastrophic fall, directly after selling their coins they rebuy them. At this point, with the profit they got from selling, they buy more at an incredibly low price. This will bring them more wealth than they already have

Whales.  ::)

Whales are a way for unsophisticated traders to explain their losses.

The large players being referred to are institutions such as Hedge Funds and Bitcoin Investment Funds.

Pantera Capital
Bitcoins Reserve
Binary Financial
Coin Capital Partners
Falcon Global Capital
Fortress
Bitcoin Investment Trust
Global Advisors Bitcoin Investment Fund

And something around 1.000 people who keep 40% of all bitcoins/eth in their hands.

You can read about whales, for example here: https://www.ccn.com/bitcoin-whale/

Yes people have a very very big capital and they are even investing a lot in the market. but in think that the concept of whale in the market was present in past but in current time we are not expecting that the whale can manipulate the bitcoin price any more. In fact the the bitcoin users are now increasing from time to time which is making it difficult for the big whale to manipulate the bitcoin price so easily.

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

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


Now that you said it, I dutifully know where to direct my losses to! Thanks for the direction  :o

Glad to know where I stand in this ecosystem...  :'( ;D

Holders of large amounts of bitcoin are often known as whales. And they’re becoming a worry for investors. They can send prices plummeting by selling even a portion of their holdings. And those sales are more probable now that the cryptocurrency is up nearly twelvefold from the beginning of the year.
About 40 percent of bitcoin is held by perhaps 1,000 users; at current prices, each may want to sell about half of his or her holdings, says Aaron Brown, former managing director and head of financial markets research at AQR Capital Management. (Brown is a contributor to the Bloomberg Prophets online column.) What’s more, the whales can coordinate their moves or preview them to a select few. Many of the large owners have known one another for years and stuck by bitcoin through the early days when it was derided, and they can potentially band together to tank or prop up the market.

Whales are individuals or institutions that possesses high amount of bitcoins that is worth billions. These people can cause a sudden increase or decrease in the price of any coin they move funds into or out of. They cause a great Change in the value of the cryptocurrency market cap when they move in or out of it.

I am laughing with your reply. But this is what I thought the arrangement of crypto traders. It is just like as caste system in our history. But unlike before, I treat those planktons as a middle class in our society since they have atleast thousands of satoshi. In my opinion, all of us can be a killer whale if we can roll our capital and 1 BTC is enough to become a multi-millionaire in cryptocurrency.

People that I considered whales are those people who bought huge amount of BITCOIN around 2009 to 2012...and for altcoins,those who bought huge amount plus additional bonuses on private presale..

check this site so you can have an idea what a REAL BITCOIN WHALEs have on their wallets..
https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

Well we can never really tell who these "whales" are but certainly they are rich people who can somehow manipulate the market. They buy large quantities of coins to pump up the market and at the same time can make the prices go down by dumping their holdings.

people| organizations that has a lot of worth to make their trading (buying or selling) base to market. Trend makers

Other than appealing to "ethics" or "community," do you think there's anything that can be done to prevent collusion between these 1000 users? Or is that ultimately their right and this is the way the world turns?

Even in bitcoin, they really do not need much FOMO and FUD; they only use that as a factor to get some weak hands out of the market, or to get some greedy ones into the market which ever case it may be. There is always that period they accumulate after selling at the peak, and all the weak hands being tapped out which is usually their main target anyway in every market as well as traders with no knowledge of the market. They are the makers and they have huge position in every market which makes it easy for them.

Yes those who have really huge of funds to trade with and can manage finances. Whales are always existing that can manipulate the market.

 :o :o :o

I've never heard of it... does it really exist? well anyway, I did print screen so I did not forget it, it's going to be useful from now on.


This is a big problem for altcoins. the big holders when they sell, the price down a lot


they will not all sell at the same time, one and the other will be able to sell, with the passage of time we will not have many people holding many bitcoin capable manipulate the market drastically

I always thought whales are those who can manipulate the market buy pump and dump, if they just hold their BTC then I think we can't consider them whales.
But whatever I'm just a sea plankton hoping to board on a krill.

If they can manipulate price for their own benefit, do you think they too will eventually eat each other or are they also organized like they talk to each other and take turns?

No one knows specially we are on cryptocurrency world where anything cant really be easily traced up on whose the one who do hold up huge sums of bitcoin or do have the money to put on. We might able to see wallets which do have big funds but we wont able to know whose the owner but ones things for sure they do heavily give effect if they would tend or decide to pump or manipulate a certain price of a coin they do like.

May be based on this Whales the price of bitcoin will vary.We know the price of bitcoin will vary based on the Buying and selling.If a person sell their 100-500 Btc at a time,it will surely affect the market and the price of bitcoin.Many people don't know about this and it will be the useful information.

Whales can be anyone. For example, banks, very rich people, syndicates of the business people and banks, the state in the end. Everyone wants to make money, but with big money and manipulating the market this is much easier.

Whales are those people, group, organization, business, or an individual who owns big amount of bitcoin which can manipulate the market price of a certain crypto. Their activity mostly is to trade which they can pump the price of a crypto when they buy at low price and then dump it when the price of crypto is high enough. As a simple trader, I hate whales because they can easily manipulate the price of a certain crypto and it is hard to go with their flow.

There are going to be more whales in this industry as there is stronger interest from large investment companies looking to get bitcoin gains in the near future. The market is too big to ignore, they just need to recruit the right people.

Apparently, you cannot be called a whale if you are not wealthy, because what you are doing normally is to use that wealth to amass more wealth by controlling the movement of the market at any point in time. Traders are more like subject to whales and every other smaller investor to their own fate based on how they perceive the future of the market.

Nevertheless, it is something that we cannot run away from in any market considering there would always be those who have a lot to drive the market they hold huge position in and that is what makes them the big fish and we the normal traders and smaller investors the mackerels.

I am sure bank and fundsters are not the whales. I mean what made you think that they can invest into the bitcoin too as they are highly regulated piece of junk who are trying to restrict the bitcoin market in all the possible ways. Let's just keep it limited to those guys who are individually or in the company form hodling most of the bitcoin in their wallets. Just to clarify Mt. gox is something called as whales.

They are the big guys in every market and the ones with the large position who control things. I am no sure who is the famous and the richest whale, but one thing I know is that they use some form of emotional analysis to move the market after having a huge position for the greater profit they are targeting and knowing how traders and investors will be reacting to those movement, they have all to move it however, they please. We cannot do without having them around, so it is just best to get used to.

No, anyone who are having enormous amount of bitcoin and trying to manipulate the bitcoin prices then we may call them whales. There could be no exception here for bankers nor fund-risers. I read some exchanges also uses its customer money for their trading purposes then why not call them whales.

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

I dont even know on whats the point for you to strive on knowing who are the whales of this market. We do know generally that whales can be considered to be an individual,corporation,banksters and others which do have the money that can really give affect on the price of the market.Even if we do know their personality or identity there would be no changes just like on the thing been said above which i completely agree.This is really nonsense.

Whales are the big guys >>people and group who owns huge amount of bitcoin which can manipulate the market price. Mostly whales are the people who very early to this market has generated lot of wealth during the ICO boom as well. These whale include> Roger Ver, Eric Vooheres >>Mt GOX.  They drive the market  as they hold huge positions. They make money from the blood of the newbies who get effected by the volatility in the market. This volatility is obviously caused by them.

That's crazy that Mt. Gox is a whale - that they ended up handling so much BTC that even now closed they're still considered a whale.

The whales in the crypto currency world are the people who have a huge amount of token ,
They are the ones who are considered as big investors or players .

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

Edited , Thanks in advance!

You should do yourself a favor by not bothering who the so called whale investors are because the truth is that, they won't reveal themselves. They do remain hidden because their manipulations usually affect the price of the manipulated coins and the savings of the investors. Because of this manipulation,  many have lost a lot. Though,  some people still believe that they really don't  exist...

For those people who people that those whales doesnt exist are the ones who lost a lot on this trading world with crypto. They do really exist yet there would be always someone who do have the advantage or capabilities compared to others.Whales wont really disclosed themselves either for security matters or not just really like to be known in public.Its just normal that if theres someone who earns money or profits then there would be always a losser.

Having a big amount in exchange accounts are called whales. These are the one who can manipulate the market can increase and decrease the price of any coin and get the great profit. They earn the max profits from this manipulation.

it can be said that the whale is a person who has a lot of money or a certain altcoin so that even he can control the market price, but the average current whale is a group of people either a company or a bank.

As far as I can remember Jamie Dimon CEO of JPMorgan Chase has a lot of bitcoin investments. To refresh your memory, he rode on the Chinese fake news last year, making the price "crashed", however they secretly buying tons of bitcoin in dip.

Most of us says that we uncover one of the biggest whales so far who is JPMorgan Chase so I wouldn't be surprised if they will continue to do so and manipulate it even further during this bearish trend.

This is a billionaire who buys a lot of btc at a low price then saves it, I think they are a greedy person

'Whales' usually refers to people who own much crypto (for instance, purchased bitcoins when they were much much cheaper) and now invest big sums in different projects that conduct ico.

Today's whales are not so powerful compared to past, when bitcoin was very cheap and not important asset compared to today, those who have lots of bitcoin can play with the market at his will.

I hate whale because they can easily make a specific crypt value high. That's the big fish. If we try to determine the price of Bitcoin, then we will say the first whim. Those things with the big positions and the wealthy whales control. Then we could call them whales. They say 99% of the whales are Bitcoin

Do you wanna know who are they?i will let you know they are the "whales" lol
As if they will let you know who are they,and about how they do it?they manipulating the market by buying bitcoin constantly until the price grow,upon happening other investor will buy bitcoin too,then if the whales saw that many are riding the pump,all of a sudden they will withdraw then they earn but the other investors loss

No one knows about them, who they are? I think they are an anonymous team, who have the huge money or they bought many bitcoins when bitcoin was nothing in this world. But when bitcoin price increased incredibly then they became a billionaire. They can manipulate coins price. I heard some whales are always active in binance. They just pump a coin for a short time, when many people start buying then they sell to them and then they again down the coin. They are not helpful for the crypto market.

If you ever witnessed a pump in a bitcoin or altcoin very quick then those guys are behind it. They have purchasing powers that could easily move the price of cryptocurrencies up to 20%, 50% and 100%.

Whales are those who have 100s of BTC in their accounts and can run the market according to their wish and can pump and dump any coins alone they do not need any others support for that because they have that much coins which can move the market very good.

When you have a lot of coins of any cryptocurrency and control most of the volume on the exchange, you can easily set buy and sell walls according to your wish and control the price. Bring the price down..and buy more of it, then brings the price up and sell it.

In the ocean, whales are the biggest. They are huge. Similar to the crypto world, whales are referred to those people, community or group that own an extremely huge amount of coins. They are capable of manipulating the market because of their great amount of holdings. You know how changes in the market affect the whole.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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


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

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

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

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

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

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

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

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