Bitcoin Forum

What signs these things are showing ??? What your views

It's said in many places that we're in an accumulation phase. Whoever has money to invest, they accumulate, no matter it's from Binance, Bittrex or other exchanges, no matter they're whales or small fish.

How do you feel it?
any data in support of this sentence?
or is just your (maybe ours) hope!?!!

I'll put it in clearer English:  OP, you need to provide a link to back up your claim or else it's just you shitposting out of your ass.  How do you know what any whales are doing as far as accumulating bitcoin?  Eh?  Show me a reference so I can verify it.

Assuming this is true, just for the moment, I would say this is a good time to be doing it.  I don't think those "whales" (whoever they are) know what's going to happen to bitcoin price-wise any more than the rest of us do, but they probably see $7300 as an excellent buy-in point.  Then again, I'm not sure how many big-money players use either Binance or Bittrex to place big orders.  I would think they'd find a way to buy large amounts of bitcoin without using a crypto exchange and avoid the risks inherent with them.  But I'm not even close to being a whale and can't say I fully understand their psychology or trading methods.

Uhm sources? From who's ass did you pluck this up? Did Binance actually PM you telling whales are accumulating Bitcoin? lmao

Though I believe a lot of traders believe that right now is the best period to accumulate BTC. With how the market has stagnated and they see it as a possibility to buy BTC right now and could possibly push it to new highs after this period of time. BTC has seen sideways movement constantly for a few weeks now and well, it is the end of the year, which could signify a possible change in the current market trends or at least, changing market trends, while the next year approaches ever so slowly.

Accumulation is not really something that will ever end in bitcoin world, people are making way too much money to be able to stop from manipulating the prices.

Whales have managed to sell all of their bitcoins all at once which causes the bitcoin to drop in price, however after a while they started to make money by just slowly buying, when you buy slowly you don't disturb the market too much, there is also orders so you get to see how much you buying wouldn't change the price, yet when you are selling they tend to sell like crazy all at once. Hence, this type of market system. Bitcoin could be decentralized and nobody could change that, but maybe markets needs to be regulated, that way we could stop people from manipulating the prices so much.

https://i.imgur.com/AJcWZeq.png
https://twitter.com/whale_alert/status/1202176928482021377 (https://twitter.com/whale_alert/status/1202176928482021377)
https://twitter.com/whale_alert/status/1202154576226537474 (https://twitter.com/whale_alert/status/1202154576226537474)

I guess this is all about OP is talking,Actually I get these tweet from WO thread where I tend to roam around when I have free time.

Source post: https://bitcointalk.org/index.php?topic=178336.msg53257267#msg53257267

^ Probably you are referring to this article that I have found, but this was about a month ago, https://blog.sfox.com/bitcoin-whale-alert-sfox-interview-3e77bbe55fc1. Whales or even small accumulators are now already accumulated bitcoin because at a low price in the market. They believed that Bitcoin will raise soon once the next halving event will come and early accumulating is a good way to invest your money. So far, Bitcoin price as of now struggling with the range of $7k but as we expected at the end of this year it will surge back in the market and let the time comes and reveal the truth, the most important is always ready, accumulate as much as you can and hold until your profit was there.

Firstly my question to you is that, how do you know that whales are accumulating? Let me know how do we also can see and understand this behavior of whales?

Apart from whales, I personally believe that the current price range is very attractive for us! So I am also accumulated at 7100 level in my trading account and waiting for the right time to sell and take profit! But I am really interested to know what whales are thinking!

Transferring of significant funds could be whales doing a lot of accumulating, but you can never be sure that it's them, but you should be alarmed that there are these types of transactions and whale alerts are an excellent way to keep track. I know that their tactics are to pump and dump. They buy first and make huge candles then when everyone's buying they start to sell. I think it's quite common now.

maybe here there is a misunderstanding.
Accumulation of a coin, as in stocks, bonds, commodity and in each asset whatever you want, is done day by day with tiny volume to be invisible at the crowd.
This is a common behaviour in a "Accumulation phase".
Few transactions with a huge volume each, could not be tagged as "accumulation".

I think it is better to check the volume, this data cannot hide what's happening but of course, how can we know it is not manipulated. But most knowledgeable enough, the accumulate slowly so that it will not visibly on record or have a sudden spike in prices.

Au contraire, the BTCUSDT markets at Bittrex and Binance are actually trading $10-30 below Coinbase Pro and Bitstamp. If there was massive accumulation happening at Bittrex and Binance, the opposite would be occurring.

I will not blame anyone or group of people who have the money and ready to accumulate more Bitcoin at the current bottom price because everyone of us want profit on our investment and you will only gain profit when you buy at the lower price and sell at the higher market price. Now Bitcoin price is low and there is a strong believe that after halving come next year Bitcoin market value will increase.

As you presume. If the market is not manipulated, we are in the season of downtrend and slightly surge in price of crypto market which also the season for accumulating more coins.
I don't go through the link posted above to check if the accumulation are the truth because i already understood that experienced investors always used the last two months of Q4 of the year before halving to buy the dip.
Meanwhile, it not possible that the mentioned exchange site are the place they use for accumulation.

Well I think you must specify with some tests what you think, with numbers, pictures, something for your support, however Binance has a large Volume, Bittrex not much (Less after having banned certain countries) but for you to review the volumes you can guide you here:

https://i.imgur.com/fTtR9kf.png
https://i.imgur.com/BqR44c1.png

Source: https://www.bitcointradevolume.com/ (https://www.bitcointradevolume.com/)

I have found that this website has very real data compared to other sites.

And to see in real time I like to use tensorcharts.com (https://tensorcharts.com/)

Try them, use them and you will see that you will have more real data and with crypto data volumes in real time.

Whenever there is some positive or downward move in the price of bitcoin, it'll be associated with the news or some incident that happens around. This way now the large volume fund move between wallets were regarded to be sign of manipulation to disturb the market and accumulate as much possible at a lower price. Nothing has been precisely known from where the funds have got moved.

the market is indeed in accumulation phase right now but i seriously doubt that whales are using these two altcoin exchanges for that purpose. they always use the bitcoin exchanges to accumulate bitcoin!
it is possible that Binance is getting some of the volume but definitely not Bittrex, their volume is at this point mostly fake as nobody really trusts them anymore which is why their rank dropped from being #1 a couple of years ago to above 100.

They have the means to accumulate more and they are lucky. And it means that they believe that sooner or later, the value of bitcoin will increase. Because if they have no slightest hope that they can get profit or recover their investments, I don't think they will stake their money on this very volatile industry.

People are always proclaiming that we are at the accumulation phase and that whales are buying Bitcoin by the millions but if they are how come the market remains to be anemic? Ahh, so that answer to that is that the whales are buying, and they are controlling the price, so they can buy low. Okay, I better take that argument hook, line and sinker since I am already tired of all these hullabaloos. This industry has already been turned into a big circus without us knowing it all because maybe we are enjoying being entertained with.

I saw that on the whale alert some time ago, not a few news about the whales moving their bitcoin from wallet A to wallet B, did they hold and buy some cheap bitcoin since yesterday and collect it at one point of the wallet, if it is true it will follow a bullish trend it would be better, I'm still waiting for this month to end quickly and see it soon

people get panic on every high transaction bitcoin;  the accumulating of bitcoin in sites exchange are normal and i dont think that prices to drop . but this is can be a sign for increase volume of trade in thos two sites exchange bittrex and binance

I have a question:

I suppose the whales are buying a lot of bitcoins to accumulate like you said, so the price should go up a lot, right?

I suppose these whales that you are saying must have millions of dollars to buy a lot of bitcoins, so why the price is not increasing much? when the price drops a lot  always blame the whales. someone needs to show proof of these statements

Never mind the OP at first he didn't provide an evidence to back up his claim and there's no signs in the market that the whales are indeed accumulating more coins as he said.
With the experience i had about the crypto market this month is the season of whales market manipulation not accumulation.

It's not only whales, anyone who knows what's store after the halving is in a hurry to accumulate Bitcoin and other coins in the market, but coins also go up and down, people should not mistake that there's not going to be a massive pump, there's really going to be and  you don't want to be the one crying and blaming yourself for not taking the situation seriously.

yeah right, we are now in the accumulation of bitcoin just as in Tuur Demeester said that bitcoin is now in the accumulation zone. in the TA the accumulation zone is just before halving bitcoin. some whales will bought bitcoin and sell it when halving will occur

https://i.ibb.co/crnmjv5/D6s-Txk-QWw-AAIqip.png

People who have a lot of money still buying bitcoin, especially if the bitcoin price is down deeper. They like to buy more and more bitcoin because they want to have much bitcoin before the price increase higher. Maybe that is what the OP sees from those exchanges, binance, and bittrex, so he can say that the whales are accumulating bitcoins before it increases. But I think that is not whales who are accumulating bitcoin, but people are doing the same as the whales.

You are correct because recently I've seen a lot of post about P2P transaction (fiat-to-bitcoin) in this forum, these people wants to buy a huge amount of Bitcoin without using exchanges. I don't know if this is good or bad but if they acquire a lot Bitcoin on their wallets then it may do some bad effect in Bitcoin's market in the future.

There are many ways to get bitcoin for whales, And I think one here is to buy hundreds of bitcoin through P2P.

This is the easiest way for investors to avoid regulation, taxation and even their own safety. So let's not be surprised at the fast pace of bitcoin now and in the years ahead.

It doesn't matter how deep people's pockets are, they are accumulating regardless because they consider it a good enough moment to buy and sell higher later, or they simply dollar cost average to get their buying price to drop further.

Nowadays whales are doing the best they can to not appear to be a whale, and so they no longer hold a few addresses with thousands of coins in them, but dozens of addresses where their thousands of coins are distributed. Quite smart right?

i've seen examples of the opposite too: I'm selling 2131 Bitcoins, I'm in Hong Kong (https://bitcointalk.org/index.php?topic=5207903.0)

you can't take stuff like that too seriously. with OTC trading, we have no idea what's really happening---like how much volume is changing hands, if any. when the OTC market has excess supply and demand, it's reflected in spot market prices. so i focus on the spot market.

They can accumulate in any sites and whales can hide the amount they want to accumulate, not only in centralized exchange but they are also doing that in p2p. It's not new to us, they have been accumulating and dumping if they find a good timing, that's their game and they are making money out of it.

Them accumulating doesn't mean they will hold that longer, whales normally plays game in short term as a small movement would already give a decent profit due to their big holdings.

Well you should be happy with that because they are buying your Bitcoin. Its normal in nature that whales accumulate during this type of season while everything is still low and people should also think like whales where taking advantage while there is an opportunity.

People do not. Be greedy when others are fearful and fearful when others are greedy doesn't apply to retailers. In a way people who like pumps should be happy with that because the retailers generally help inflating bubbles well beyond the tops "experts" keep calling but are wrong about almost every single time. If everyone thought like a whale the market would be fucked up, lol.

With the block halving being so close the bleeding won't last much longer than January. I expect a rally to commence around that time and people as always will create threads asking whether or not they are too late to buy at x/y/z level. Don't be one of those suckers. Make sure you have bought at today's levels and make sure you have enough fiat aside to buy a bit lower if needed.

Great advice, feels like 2015 all over again.

Actually it really does feel like 2015 all over again doesn't it? I know I only practically bought my first bitcoin in 2016, when literally stuck in bed for weeks with nothing to do but read and learn but I do recall some of the conversations from 2015. There was far less noise then, too, so easy to hear the voices that mattered.

I don't think halving will have the direct impact it has had before but long term effects tend to bite in big ways down the line. The scarcity argument is much stronger, not that it ever needed more help!

Not sure about whales chipping away at binance though. Aurely they got minions doing otc for them already?

I just see this as another news that is aimed at making people to panic.
Anyway, you didn't bring up a chart or link to back up your claims. And moreover, does it ever occur to you that traders and investors might just be buying Bitcoin, prepares for 2020 and not for any apocalypse events as most people might claim. Let's be mild on how we spread certain news.

Good point, probably this could be a trap and people to have panic once heard this certain news. Whales, the owner of exchange or not let's hold as long as we can. If whales accumulating, let's accumulate too and ride those whales' plan. The reason for continues dropping because of this holidays, people need money maybe other's cashout their crypto asset to fiat for the daily needs.

I think an even better question would be: "when the whales accumulate most coins"? If the question is put in the context of this year, then the answer is quite clear, in the first few months of the year when the price was between $3000 and $4000. But given the big jump that has taken place since then, and the profits they have made, there is no doubt that they are accumulating even today.

Although there are doubts that Bitcoin will follow the usual pattern and that a new big pump will follow after the next halving, personally I see no reason for this not to happen. Considering the past halving and the one before it, it is realistic to expect a price increase of at least 10 times, which is again half less than what happened in 2017.

If we think about it, then the only logic is to accumulate as much now as possible and to accept that everything under $10 000 is a bargain.

There's a lot of incomplete information but then i saw some charts on the reply so i assume that bittrex and binance are not the only exchange that is about to use them to get in or collect and accumulate bitcoins. Maybe its a sign or not and yet every singke big amount transfers there is an effect in the total market along with that place.

Same bearish sentiment, different market structure. As they say, "history doesn't repeat but it often rhymes."


We've just had 6 months of weak downtrending so nobody should be surprised at a mid-term uptrend in Q1 next year regardless of the halving. The same thing also happened in 2012 and 2016, so there's that too.

It does feel like it had happen before, its time to just keep accumulating the top coins since its just a matter of time that we shall start seeing lots of progressive developments that will happen to which a new wave of adoption will happen and probably deployment of cryptocurrencies. The downtrend happens every time but 2016's price is too different in 2019 so it might take really long before we see price jumps in the market.

Aye, and the strangest thing is even those who've been around since the last cycle, having had the opportunity to witness the lessons learnt then, are falling inexplicably into the same cycle of sentiment. I remember mentioning in 2018 when some self-professed old players were suddenly giving up (this was close to the 2018 low). It's as if, all the past cycles weren't enough to convince them that this rhyming of history would persist.

I wouldn't exactly call myself different from others, but I will say I'm able to be a lot more sentiment-resistant

I've learned to be that way, but it's still a challenge. No matter how many times I experience the same cycles, my gut instincts always tell me to hold at the top and sell at the bottom. When the market is down 50% and there's blood in the streets, you really want to make the pain stop and sell everything, but that's usually the worst possible time to sell.

So I'm never surprised that most people lose money trading markets. They just don't have the patience or constitution to wait through the pain of financial losses.