Bitcoin Forum

Up until today, I've only heard about the "whales" and "sharks" in bitcoin, i never knew that there were other ranks named after aquatic animals in bitcoin for every category of hodler.

https://i.imgur.com/LUUTf26.jpg

https://www.instagram.com/p/CTUzwB4Lznt/?utm_medium=copy_link

I'm a shrimp in this big sea ;D , which category do you fall into?

Ah this is true I mean it is from any valuable source ? or just you make it as your opinion?

Btw I did not heard those names are related in crypto except the whales and shirk(even I rarely heard about shirk). And also I don't think actually we need so much rank for the bitcoin holder. Whale is enough to identify/introduce a big bitcoin/crypto holder. :)

I'm pretty sure this was just made for fun lol. I mean, who even refers any bitcoiner as a "Bitcoin crab" or a "Bitcoin octopus"? That's ridiculous. I'm pretty sure only "whale" and "no-coiner" are what's being used 99.9% of the time.

Anyone being a crab or above should likely not really respond to which category the fall into (even shrimps may give it a thought).

Note: The ranks are non-exhaustive in their definition on the chart. I’d have to assume that a given rank’s BTC amount from Crab upwards represents the lower limit, being the upper (excluded) limit the value that represents the subsequent rank.

I always have heard only about "whale"; never even heard about the term "shark" I guess, I can't remember actually. Well, according to this, though I was not planning to share, I'm in "CRAB" though the amount is far less than "Octopus". I had purchased quite a few bitcoin along with savings from my earning through my freelancing services. It was quite good amount but I sold it earlier. Now I hold a little amount but from the current sideways price, I'm planning to again DCA so that I don’t have to miss the potential pump.

I do consider myself as a bitcoin "plankton" as the proceeds that I received from campaign signatures are miniscule- but they get the job done for long-term HODLING.

But I do agree with you that these "ranks" were created by people purely for entertainment. Since "whales" and "sharks" have been used as terms for people who invest greatly on a certain aspect/investment, it's normal for people to be creative and create some other concept for relatively poor people like me. Nevertheless, I find this very amusing, at the same time, a slap of reality in terms of hierarchy.

Yes, "some ^{[more than half]}" of the terms were given by Glassnode in an insight that they published back in February, while you can find the remaining half on "some" of the crypto glossaries ^{[e.g. this one (https://coinmarketcap.com/alexandria/glossary)]}.
^{- No, Bitcoin Ownership is not Highly Concentrated – But Whales are Accumulating (https://insights.glassnode.com/bitcoin-supply-distribution/)}

• Quote from: https://insights.glassnode.com/bitcoin-supply-distribution/
  Bitcoin Supply Distribution
  We divide network entities according to their Bitcoin holdings into the following marine species:
  
  Shrimps (<1 BTC)
  Crab (1-10 BTC)
  Octopus (10-50 BTC)
  Fish (50-100 BTC)
  Dolphin (100-500 BTC)
  Shark (500-1,000 BTC)
  Whale (1,000-5,000 BTC)
  Humpback (>5,000 BTC).

---

Update (the following link is probably the main source instead):

Who the hell calls humpbacks those who own more than 5,000 BTC? LOL. Also since when these fish are bigger than octopuses?  :P

Subjective dictionary. No one is ever going to use these terms, so they were picked for fun as said by mk4. You'll choose to either name me bitcoiner, no-coiner or whale. The in-between categories are just excessive.

(Also, change the image size dude!)

This is just one of those memes we have in the bitcoin network just to help paint a picture of how much an investor can possibly start I find it so fascinating because it would serve as a faster means of selling the idea of bicoin to a lay man who has no prior knowledge. I really love the concept and the pictorial representation just sends the message the right way

Haha funny right. But dude, its fine, its just a classification made probably by someone whom you shouldnt take seriously. Its like a fund classification IMO.

Maybe you are right. But this is just a meme for me, and nothing wrongs to have such terms like these, its not even standard.

Too many categories are not necessary. LookintoBitcoin has 4 categories that are enough in my opinion.

• > 1 BTC (https://www.lookintobitcoin.com/charts/wallets-greater-than-1-btc/)
• > 10 BTC (https://www.lookintobitcoin.com/charts/wallets-greater-than-10-btc/)
• > 100 BTC (https://www.lookintobitcoin.com/charts/wallets-greater-than-100-btc/)
• > 1000 BTC (https://www.lookintobitcoin.com/charts/wallets-greater-than-1000-btc/)

Bitcoin Rich List that has 10 categories from https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

AFAIK, there's also the plankton.  ;D


As long as no one knows us personally, I think that there's no problem and you're too careful with what you do and you're not too vocal with your personal life.

Anybody can invent anything like this. This isn't knowledge.

Also, the person who made this didn't do his/her own research. Humpback is a whale and whale does not refer to a particular species of animal. A shark is a fish and a fish is also not a specific species of animal.

And why do we have so many categories above 1BTC as if 1BTC is the minimum standard? 1BTC is more than $40,000. It is a big amount already. It might actually be more interesting to create categories below 1BTC.

Both using so many names and using fixed amounts for each category is just wrong in my opinion. First of all we only categorize them into 3 categories: (1) Whales, who have a lot of bitcoin (2) little fish, who have little amount (3) no-coiner, who has nothing and usually attacks bitcoin.

The amount is also silly to put in the categorization because a "whale" is a relative term. For example you can have 0.01BTC and be a whale in a shitcoin market that has low volume. And in bitcoin market as the market grows and the order books get more packed and the traders gain more knowledge manipulation becomes harder hence requiring a lot more bitcoin.

Dear taxman, I am a no-coiner who has 0 bitcoins.

hehehe, I'm not mad about this :) If any classification should be implemented, the aquatic one is absolutely fine. But I think it doesn't do the cryptoverse justice. There is so much more nuances to it between people who short, people who pump and dump, people who scam, people who trade, people who hodl, and so on. SO we should broader those classification and not pretend that this space is just about the accumulation of wealth.

Smile! You are Shrimp? Very interesting to know but I don't disclosing such information is necessary here. In respective of your position, always try to make donations to the less privilege. The description of the bitcoin holders have enlighten me on the categories that we have, making it easier to differentiate between a whale and non whales holders with an accurate figure.

I heard these bitcoin hodlers categories several years ago, and therefore one Bitcoin in the past is not the same as the price now and may not be in the future.
Which means that the small fish this year may be fierce sharks and sharks are whales, even if the value of their Bitcoin has not increased.

Therefore, do not ask how much you may invest now, it may return you 5 times in the future ;) ;)

OP is not saying that he does not know about what "whales" are in Bitcoin. He just found out that there are other aquatic animals used to categorize holders of Bitcoin in terms of amount being held. Whales has been all over the news even outside the forum and surely everyone that holds Bitcoin knows what "whales" are already.

I was wondering if that is glassnode's original classification or not. The referenced article is from February 2021, and it may have been an updated version of a prior article of theirs.

Nebvertheless, it was referenced in a few entries I found that date back from 2018 (unless there are updates that do not alter the dates on these sites):

https://steemit.com/bitcoin/@marketanalysis/picture-of-all-the-levels-from-a-humpback-whale-to-a-shrimp
https://www.cryptouranus.com/2018/08/whales-defined-in-cryptocurrency.html
https://steemkr.com/bitcoin/@pawsdog/if-i-were-a-bitcoin-whale

This tweet though seems to be from September 2017:
https://twitter.com/FelixBrooklyns/status/906506746876874755

No-coiner is an addition to the above.

Never heard of any other terms on the image you provided except to that Bitcoin Whale, Bitcoin Shrimp, and Bitcoin No-coiner. On other platforms I've read, I encounter the term "no-coiner" most often, so I'm familiar with it.

Don't worry, you know you're alone, I am also a tiny little shrimp wondering around the sea. Perhaps there may be time in the future when we can turn ourselves into these higher "species" in terms of bitcoin.

I don't know if I am correct about this but the first I saw this type of picture from was Willy Woo when the Bitcoin market bullish first start maybe last December if I could remember correctly.
Having said that most people in the cryptocurrency are Shrimp and it the crypto exchange and some organizations that's into Bitcoin that are Humpback.

I don't need to explain much further as I am the one of the 99.99% of shrimp. If I could get to being a crab then it will take a long time before I could reach that. If there are different animals being used to rank the bitcoin hodlers then I would say that "BITCOIN" is the "SEA" where all hodlers are swimming and "SATOSHI NAKAMOTO" is the master of the sea (like poseidon). Quite fit right?.

Even though I've never been a huge fan of aquatic creatures, I'd be pretty content if one day I ended up in the fish category.
There are a few more coins I'm missing, but I won't say how many.  ;D


No, Satoshi is more like a primordial soup or a spark that kick-started early life. Everything else "evolved" from that.

Uh no I am a shrimp. I do not like being a shrimp that is the bottom of the food chain I am food for everyone why did I not buy Bitcoin earlier when other people were buying hundreds of bitcoins. If I have 1000xrp do I qualify as a shark?

That's strange ^{[I've always thought they were the ones that came up with half of those terms first (I was wrong)]}! I checked the source code of the above steemit link and it appears that @marketanalysis (https://steemit.com/@marketanalysis) posted that image four days prior to the above tweet, so I've added that one as the main source on my previous post ^{[I've also double-checked that image and the ones posted by Glassnode on google, but couldn't find any other source prior to the above steemit link]}:

LOL I also only know about "Whale" and some other terms I haven't heard of. But if it's made with a Bitcoin holder Rank symbol like this, I'm in the No-Coiner rank, because I don't hold Bitcoin at the moment. I hold Fiat and Altcoins. Holders of 10,000 BTC may call it Armageddon.

Hahaha I have only heard of Bitcoin whales before, but I didn't expect that there are higher-level names than whales. In fact, I really admire the people who own so many bitcoins. They came into contact with the industry earlier and really understood him. Fortunately, it is not too late for me.

Perhaps for fun but, it makes sense right, lol... can't believe I'm a shrimp, lol...

Well, I would say, I've very much familiar with the whales and nothing else, not even the No-Coiner.

When I come to see statistics such as these, as to how much bitcoin an individual, a company or an organisation has accumulated over the years and the price of bitcoin as we have it now, it amazes me, seriously. You sure don't want to believe but, its obviously true for some cases and still, you don't hear them in the forbes list, lol...

The list leaves alot of people with less than 1 bitcoin out of the classification and this class of people are in the majority and very vital too to bitcoin. I do not like that. There was a site I read of those who have less than 1 bitcoin described as 'Plankton' and it made me laugh hard. The whale is the most used of them all to describe bitcoin holders. May be it is because of its size. But how come water animals are used to classify bitcoin holders. Is there anything that caused that?