Bitcoin Forum

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The Whales, bitcoin holders who manage between 1,000 and 10,000 Bitcoins, who had sold when the price had topped $30,000, have changed their strategy and are now accumulating.

Comparing the activity of seven holder segments over the period of November 2020, starting from those with less than 1 BTC to whales: addresses with less than 1 BTC, 1 to 10 BTC, 10 to 100 BTC, 100 to 1,000 BTC, and 1,000 BTC to 10,000 BTC... >>Continue To Article... (https://www.globalcryptopress.com/2021/07/the-data-proves-it-wealthy-are-buying.html)

Good thing that I am not some newbie in this business, I know how they are going to maneuver/manipulate the market so I continue to hodl and accumulate because I know that what the whales are drawing is that they want to shake off the panic sellers so the prices can further go down and then they can finally buy back what they have sold in profit.

Just like you, I guess anyone that has been in the crypto space for a while knows this even though some might still fall into selling due to fear of "How long will it take for the market to recover". This has been a continuous talk about why you shouldn't sell your Bitcoin any time the market dips because if you think about it, you are not just selling into thin air, some people are buying up whatever you sell and are mostly whales accumulating what the weak hands sell-off and too many times, it has been proven that HODLing pays off at the end.

I guess it's pretty obvious, the whales have deep pockets and will continue to accumulate as long as bitcoin is very cheap on their eyes. As compare of like average joes, who might invest money that they can't afford to lose and hoping that they will hit the jackpot in short amount of time.

Nevertheless when the price goes down, just like what we've witnessed in the last 2 months. They sold in fear and panic.

Despite all of the valid points in that article, I do not agree with the latter part of the subject field... There's a big possibility that some of the so-called "amateur investors" are just selling to cover their expenses ^{[not everything has to do with fear]}.

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Does anybody know another source that shows that data clearly ^{[it's way too small]}?

This is generally how markets work, those with deeper pockets who can withstand downturns will force out the smaller players who can't. This is why the argument that "invest in crypto with money that you can afford to lose" has some validity.

amateurs are people who are new to bitcoin and they buy coins when the price is high, when there is a slight decline they panic and sell the assets they have, and it is the whales who start playing when they panic to hold the coins they sell when the price is high, and they buy again at cheap prices from amateurs

The difference with the beginners, they are dependent on the income from trading, while the whales are not, they have 1000 alternatives to make a profit out there. So whenever they want Bitcoin price to go down he will be ready to take part at any price. Take advantage of market conditions when beginners feel the price collapse.

Yes correct on both accounts, we dont necessarily need DATA to tell us this, it has been
happening this way since we 3 have been on the forum, we saw it in 2017 too.

As soon as the value starts rising it attracts newbies who FOMO into Bitcoin,
when the rise is exhausted and whales start manipulating those newbies FUD out.

The markets after a halving look like they are fuelled by FOMO and FUD, unfortunately.

I suppose it offers us a chance to DCA!


There are also those who have the skill and knowledge to sell and buy back at opportune times!

even the ones who are not whales can participate in the trading though and if they see the price had reached its heights, they will sell and see if they could buy after. some of those who sold this time are out of fear believing the price will still drop.

when it somehow tried the breakout below $30K, it must have been very disappointing for them while the price bounces back up. and now they are not sure whether to buy at $32k or wait.

If we can follow the whales carefully by buying bitcoin and keeping it for some time, we can be the next rich people when the price starts increasing in the next bull run. But if we are afraid to buy bitcoin and just waiting without doing anything, we will regret it in the future because we will be late to accumulate more bitcoin. The market will recover from the bearish trend and that time will come soon and if we are not ready for the coming, we can not make a profit like others instead regret it.

For now, those of us who feel like amateurs are really afraid to process the time ahead.maybe we as amateur players still have doubts even though many rich people are still making large purchases, but what they are doing right now has absolutely no effect on the value of bitcoin. maybe we are more careful in making purchases for the current time so that we are not too rash in responding to it

Wasn't this almost always the case when there is too much fear in the markets? There was just so much negative sentiment and so much fear on Bitcoin/crypto communities since the recent drop to $29,800 levels.

Ladies and gentlemen, moments like that are where long-term investors stack sats.

You will surely lose if you will let your fear deceive you into selling. There are a lot of FUDs in the market as usual yet you should already know how things works out here. We should know how to outsmart the whales so that regardless of what games they are playing, we may know how we can still take advantage or benefits from it. If we would stay like how regular investors commits to their investments wherein fear usually pushes them forward to make actions that they will soon regret, we'll never be able to gain benefit here in the crypto world.

and the fact is that amateur mentality is often shown by influencers who arbitrarily give instructions to sell. while the whales themselves have their own way of manipulating prices and amateurs lose profits. However, seeing the situation always turning around and the current price rebound has disturbed many whales. they are confused to enter at the price of $ 31K or just wait for more.

Is A Short Squeeze Upon Us? (https://pomp.substack.com/p/is-a-short-squeeze-upon-us)

The massive sell-off and continue to sell on the market since May don't solely come from miners. The distributions of bitcoin entities change from weak hands to strong hands and you can see it with changes in wallet cohorts.

Generally those charts show good signal that the bull trend is not over. It will be back after the consolidation.
https://cdn.substack.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fd15da396-9dd1-46cd-8251-4db5eb41564b_1102x614.png
https://cdn.substack.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fb4b0df48-dfb1-48ee-9ef2-8c2797d01380_1164x650.png
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I am not so wealthy but I am still HODLing and buying the dips accumulating as much as I can for I know these fluctuations will never end.
Bitcoin breaks every ATH and I am quite sure that bitcoin will definitely break the current ATH and set a new record.
I don't want to be the one buying at such high prices which is why this is a solid opportunity to buy the dip and then HODL to gain profits at next ATH.

The time period doesn't support me to buy more. So, to meet the expenses I'm selling. Same as me most of the small hodlers seems to be selling, because this is a disaster period for the middle class whereas the elite are enjoying through different forms of investments.

Most of the time market variations affect the middle class in large scale than the large hodlers, because the middle class in terms of small holdings contribute to a massive volume. When the whales manipulate it disturbs them and makes them sell. Now even without pressure majority would've sold due to the pandemic impact.

It seems that these are the rules of winners and losers, why do they become rich because experienced investors always have the right investment direction and a cool head, indifferent to before. In the ups and downs of the market they don't panic and when the price gets lower they buy again.

in my opinion the new people are the ones who always have a fear mentality and they sell at a low price it's a loss, and the rich people why they get richer because they don't panic and don't buy high sell as low as amateurs new to the market.

things like this must be considered so that we will not be wrong in our actions because most of the panicked and immediately sell it are beginners who are afraid to lose their money because what they think is profit and profit without going through a process like this first.
this kind of thing should need to be emphasized more and it should be for beginners to read more threads like this because this is very helpful for us in drawing conclusions so that later we are not wrong in determining

We are getting rid of weak hands  ;). They are new to the market and have never witnessed a crash before. Hence, when they see the price dropping, the start to sell whatever they are holding. While others that has been in the market for a while knows that this is actually a buying opportunity, and hence if they can afford (the wealthy people), they buy even more and keep holding. When the price starts to rise again, those who sold before realizes that they have made a mistake. They then either quite or try again, but this time they don't fall for the price crash trap.

Well the price has started to move and is approaching the $35,000 mark so all the weak
hands have sold and will now be looking to buy back.

The wealthy have had a good time buying cheap Bitcoin, but have more FIAT to buy
even as the price rises.

Hopefully the weak hands who want to buy back wont be so quick to react to FUD and
end up selling low and buying back at a higher price in the future again.

but the daily trading volume has been very low lately even during the big dump that happened a couple of days ago. in my experience this suggests that those with large amounts of bitcoin and even those with smaller amounts and even the weak hands are no longer falling for the panic sell encouragement and are not selling anymore. the reason for the drop was market manipulation which couldn't even last for more than a day.

I would say that the dump was real. Not every dump is about manipulation. Only because psychology is involved permanently doesn't mean it is manipulation. Some tend to overreact while others are really case-hardened. The low trading volume means that neither the bulls nor the bears feel the urge or the motivation to pull the trigger.

Not sure what research has been done to reach this conclusion and we have to assume that the so called whales are either using one wallet to yet again to accumulate the coins to monitor these investment, if not an exchange has to release these details because they have complete control over their customers, so i would like to know about the research to reach these conclusion.

One should not just believe what you read from these so called experts and analysts, or the sentiment from social media. Check out glassnode data and see the figures yourself, when whales are accumulating then you should be too, chances are it is already at the bottom and you don't want to FOMO in at the top!

It may make sense to happen for the newbies and also the professionals. But, is that true the difference between newbies and wealth? How if the wealth is also a newbie and he is being panicked when the price keeps falling and he sells his Bitcoin in order to minimize the loss because of panic?
We know that maybe not all the wealth will do this thing. But, it also makes sense when they are here only because of the hype of Bitcoin or other cryptocurrencies.

And maybe not all newbies are also doing the same, being panic and selling their BTC when the price drops.
When we have been here for a long time but we still cannot control our strategy, we may also be panic and becomes a newbie that is driven to panic and sell off our assets.

For people who are experienced in the crypto world, they will realize that buying Bitcoin for long-term investments is more profitable. Therefore
many institutions are doing the same thing with holding Bitcoin for the long term, why do we who only have small capital have to panic seeing
the decline in the price of Bitcoin. We should also be patient holding Bitcoin until the Bitcoin price recovers, based on the history of Bitcoin
price movements, no matter how far Bitcoin goes down, it will always go up again more higher.

But not all would really be minding of on holding but rather they do actively trade to see profits in shorter duration.Wealthy people are having that kind of mindset since theyre more experienced

but once those amateurs do really get the idea then thats the time that they would really know on how to play with the market.It do takes time though since capital would be an issue

not all would really be having bigger capitals or money to spent out on investment but doesnt mean that they wont able to make it grow.

Some people with good analytical skills, usually often take advantage of the volatile Bitcoin price, they are more daring to make short-term trades
to be able to make a profit. Even though the profit is small, but if done repeatedly the profit collected can be large. In the end it comes back to
each person, not everyone chooses Bitcoin holding, some people are more actively trading. But my advice for beginners is better to just hold Bitcoin,
because usually beginners do not understand how Bitcoin works. It's true that not everyone has big capital, but there's no need to be disappointed,
because with a small capital can also generate large profits. But the process is longer and does require patience.

"Data" ???
Common, just lol, somebody looked at addresses, and if in some ranges have grown more than addresses with a lower balance they have decided some are whales and some are amateurs.

Simple question, if I consolidate all the dust I have in 7 addresses of under 1BTC and send it to my main address what would it mean?
That seven fishes got eaten by an otter? I say more of that change was because of the drop in fees than the "amateur" selling.
The same thing for bigger addresses, this doesn't mean some investors are buying from "amateurs" it might simply mean that amateurs are buying from exchanges and leaving their coins there, as a real amateur would do!

I used to track those movements two years ago in a topic, more to see how bitcoins are getting spread around, but all the data was all over the place every time.

Just for fun, data from two years ago:
https://archive.ph/dG8re


vs


So I see a growth of 1200, 10 000, and 34 000 BTC in the wallets of amateurs. The whales are doomed!!!! ;D

LE.
Fixed some typos!

`

Exactly,,, even when I look at my history, it is maybe starting from 1 wallet, then to 5 then today more than 20 all together, and not counting the different addresses I use at different services and exchanges.

Am I suppose to become one big trout or salmon if I combine inputs from wallets? And if I sweep everything to an exchange does the whale eat up all my small fish and this means I sold in fear? Of course not:)

Short-term trades are tough to do unless you are highly professional and maybe even applying algorithmic high tech. Other than that you usually lose against the market or at least are not able to make considerable profits. See with Amazon now, I want to see the guru whose technical analysis helped him identify the jump to $39k... Those who went short couldn't know rumors about Amazon will be leaked. Your TA doesn't help anything here.

Can someone please merit this post? I'm out.

I think it says the most important thing that has been said in the whole thread.

Another thing is that the conclusion drawn, even if it has a debatable basis, may be right: big investors, people with money who know how to invest, take advantage of panic moments to buy great financial assets for cheap. Conversely, many small, uninformed investors, who invest in Bitcoin or in the latest fancy coin as if they were betting at the casino, panic and sell when faced with this type of downturn.

The whales are usually the ones who really benefit the dips because of panic selling of the newbies. Hence, it's really essential to study first before diving into cryptocurrency. Otherwise, you'll just end up losing. The ones who will savor the victory will be the whales, who are just waiting for the right time to go shopping spree on all time low value of the coins they see potential on.

The whales have a nice strategy of controlling and manipulating the market flow. That is why when they decide to make a move, the faint-hearted are often the ones who lose the game. Those who are easily shaken with sudden price movements that think it will take a very long time for the coin's value to bounce back again are at the losing end. The moment you decide to sell your coins with lesser value than the value you originally purchased it on, it's a defeat on your side. Newbies must know the history, basics, and fundamentals before entering crypto world. Technical and data analysis knowledge is a must. Relying on some random advices will get you nowhere. You are responsible for your own money, so do your duty and make it grow.

I think this is what always makes.investors lose a lot.of bitcoin by the way they are too early to release it.on the stock.market, this is what makes.rich people experience significant.profits so that it.makes us.like.businessmen who are losers.and are too.afraid to do business so.things it.is very easy to grab by those who have a fighter mentality.in the business world, especially the crypto world dunia

That's a key difference and real reason why the rich will only keep getting richer. I was actively checking the market sentiment during the time that the market wasn't doing so well and it was either at "fear" or extreme "fear". And from what I know, the best time to buy anything is to buy when people are afraid and scared only to sell when everyone has hopped in and are excited - Knowing this, I kept adding to my BTC stash from time to time over the course of the dip and so far, it has paid off a bit ~ 10%+ with more coming soon.

I admit that it is not easy to make short-term trades, so not many people have managed to get big profits through short-term trades. Knowing this
I also prefer holding Bitcoin for now, because I realize my analytical skills are not very good and it is also true that technical analysis does not
guarantee to be able to generate profits. Then another factor is needed to be able to successfully make a profit in short-term trades.
In conclusion, everyone is free to do what they think is effective in generating profit, but we must remember that every choice we make has its risks,
we must be prepared with all the risks that we will face. Because from the start, entering the crypto world was risky.

If you can understand human psychology, you can understand the market. The market uses people's psychology to cause people's emotions. Generally speaking, investment is based on speculation. Beginners will only invest a part of their monthly salary. For them, they will always focus on market conditions, while whales will not. Whales will use beginners because they are more experienced and more experienced. Have a mindset.

Whales will always win on the competition because they're the one who cab manipulate the bitcoin price to become cheaper and they are the one who can benefits when it rapidly increased or makes new ATH. well this became very obvious actually wherein even before when bitcoin wasn't like this high. That's why its always good to follow the trend than making your own way to make profits in the market. because it's getting unpredictable everytime when whales were active..

For small holders of bitcoins and other cryptocurrencies, it is not only fear that has a negative impact on the decision to sell. Small holders of cryptocurrency are more susceptible to the need to sell their cryptocurrency at the most inopportune time when their price falls and due to various family circumstances based on the lack of free money. Large holders do not have such problems. Therefore, in this case, they are entirely guided only by common sense, and not by necessity.

This question is actually very easy to answer. A question can be divided into characters, time, and content.

1.There are two types of characters, rich people, giant whales or investment institutions such as Grayscale. The other is speculators, retail investors, or poor people.

2.The time point is that Bitcoin is in a period of sideways stability after a sharp decline, which will produce a certain degree of market panic.

3.The content is rich people or institutions, buying as many bitcoins as possible in the market panic. The other kind of people had to sell bitcoins in panic.

This is a normal phenomenon, and the data will naturally show up. This is not accidental, but inevitable, because the mentality and situation of the two people are different. One is to hope to obtain the largest number of bitcoins at the lowest price and hold it for a long time, which requires a higher rate of return. The other is because of the tight financial situation or the unfavorable pressure of the market, which makes it difficult to bear losses.

The first kind of people have detailed investment plans. The second kind of people are more random and don't know much about Bitcoin. So in this zero-sum game, patience and faith are required. In order to obtain the desired return in the distribution of wealth.

As our current investment project, Bitcoin is what I insist on. What I want to tell you is to allocate the investment amount and proportion reasonably, maintain a peaceful mind, stick to your beliefs, and don't be a doll that is manipulated at will

Since wealthy people have lots of money to spend and to risk when it comes to doing investment into what they think that can benefit them in the long run, they are not afraid of whatever happen which makes them immuns into the fear being felt by those newbies that are at the same time small time investors in the market. While those small people are getting into fear due to lack of experience and afraid of losing their money, wealthy people are making their way to keep on buying what they can just because they can also afford it as well.

Which is why it’s very important for us to sell our coins when the whales are more likelyto start selling their coins and then buy back when the market has dropped in value. And after you have bought back the bitcoins, you can then continue with your HODL and continue to hold until the market goes up again. The market has started going up again and it has reached $40,000 in a day, and now sits at $37,000. Even if there is a drop from here, we now know that there is the possibility for the coin to rise again to a price that is as high as $40,000. So it’s very important to have patience and wait for it to happen.

You don't need to be a genius to know that in every dip whales are always accumulating, only those who have no clue and don't understand how this market works are the ones still panic sell their coins to whales at cheap price, many investors are already wiser and don't bother with market dip anymore, anyone who was able to sell at the top and buy back at low price is lucky otherwise just hold your coins for market to recover.