Bitcoin Wales what it is / who are they?

Quote from: alexsandria on March 25, 2020, 10:45:32 AM

Bitcoin whales or big whales are those person or group of people that has been starting to adopt the cryptocurrency or digital currency snd promoting it all over the world in order for them to earn money and also in order to the cryptocurrency became more famous. This bitcoin whales has a lot of bitcoins and that's why that is also the reason why they csn control the situation of market sometimes.

I think OP isn't talking about Bitcoin whales it is about Bitcoin wales.
OP has given us an information about this group and what are their target on creating this group.
It is for greater good of crypto community they are making some steps toward adaptation.

I agree about the Whales/Wales confusion which is quite a weird one. But in any case, I don't think that there are whales in the sense that there are people able to make big decisions that affect the whole industry because of the buy/sell actions taken by these people. Some have lots of BTC, some have almost none. Those who have lots are often exchanges or other companies, so IMO it doesn't even count. Moreover, many addresses belong to someone but we don't know to whom, and often the money stays where it is, so they don't affect the market either. What seems to be the main trigger in how people set off a chain reaction when media covers something potentially hurtful or, in rare cases, positive that is at least somehow related to cryptos or might affect them indirectly.

Quote from: alexsandria on March 25, 2020, 10:45:32 AM

Whales don't have full control over the market movements. What they can do is to pour money to boost the value of Bitcoin or sell massively to achieve a much lower price. But, they can't just set specific figure and expect to hit it anytime, that's why they need to team up with another whale and try to make a simultaneous activities.
Investors like us is just like a fish in vast ocean trying to go along with flow of the waves.

There are two parts in this thread, part one about Bitcoin Whales and the second part of Bitcoin Wales. After I reread it seems to be somewhat less synchronous. Has anyone experienced the same thing? it seems I failed to understand.

Quote from: SUMBI99 on March 23, 2020, 10:38:27 PM

Coming Across Topics and posts detect some vocabulary which appears to be used mostly in many comments on the forum posts currently, I understand it in general that people are talking about bitcoin but and I didn't realize if it is the right the way I think and not sure, following different posts also see I'm not alone with some kind of misunderstood how people use the world wales or Bitcoinwalles, this is not Because I'm newbie, yes I might be in the forum but not in crypto and think of other people no matter of the ranks did they use the word bitcoin wales /wales Correctly or did they mean in the same way correlated with other people when they use it. So I decided to Find some reading online which will help me and other people who confused by this Vocabulary or Need to adding knowledge about the terminology for the people who are already the know it

What Is a Bitcoin Whale?

At this moment in time, the cryptocurrency market has a total capitalization of over $200 billion USD. As you may imagine, these funds aren’t distributed evenly, which means that people can individually own anywhere from a few bucks up to millions of dollars. So who are these investors? Bitcoin whales are individuals, hedge funds, and Bitcoin investment funds holding the highest amount of coins. In other words, these are the biggest Bitcoin investors on the market.

Due to the anonymity associated with Bitcoin’s blockchain network, it is difficult to say who owns what, but we know a high percentage of the coins is held by whales. At this moment in time, several of the major Bitcoin investment funds—meaning the biggest Bitcoin investors—include Bitcoins Reserve, Coin Capital Partners, Pantera Capital, Falcon Global Capital, Bitcoin Investment Trust, Fortress, and the Global Advisors Bitcoin Investment Fund. It’s believed that all these funds manage hundreds of thousands of Bitcoin, which can only enter digital currency exchanges via special arrangements.

Bitcoin whales are highly relevant to the market, as massive coin movements arranged by this group have the power of influencing prices and can create buy/sell trends. With this in mind, a Bitcoin whale that decides to sell part of their coins can plummet prices, as numerous others follow the trend and engage in panic selling. The same concept is valid when large amounts of coins simply move or are purchased.

Bitcoin Whale Stats
Now that we’ve discussed just what is a whale investor, let’s see how much of the market they own, how many of them there are, and where they’re keeping their investments.

According to a study made by ChainAlysis, at this moment in time, the Bitcoin whales group is a cluster made up of roughly 1,600 investors who hold around $37 billion in Bitcoin. This means that they hold almost one third of all the Bitcoin in circulation—close to 5 million coins. The coins are kept in wallets containing at least 1,000 BTC each.

To put things into better perspective, here are some statistics that will present how Bitcoin wealth is distributed amongst its richest users.

1633 addresses containing 1,000–10,000 BTC, or $22.8 billion USD
121 addresses containing 10,000–100,000 BTC, or $20 billion USD
3 addresses containing 100,000–1,000,000 BTC, or $2 billion USD.

Source
More Read on:: https://bitfortune.net/bitcoin-whales/

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What is Bitcoin Wales Again ?

1.Bitcoin Wales is a group that shall operate over Wales and push for Bitcoin adoption and the adoption of digital currencies.
2.It aims to be the centre point for the media or government to approach about digital currency matters.
3.There is often a misunderstanding of Bitcoin and digital currencies and we aim to be there for organisations to approach in regards to clarification about Bitcoin.
4.We will educate and teach people about Bitcoin and digital currencies so that the benefits can spread wide across wales.
5.Bitcoin Wales shall operate local groups across Wales and currently operates in Newport, Cardiff and Swansea.
6.The reason we are doing this is because we believe in the profound impact of this technology and we believe that digital currencies will greatly help Wales and the people of Wales to flourish.

Souce
More Read on:: http://bitcoinwales.org/

Valuable information I wished a lot to broaden my knowledge in this domain with regard to bitcoin whales and investment funds and I see that this is the largest support for encryption, especially bitcoin currency.

I think what is meant here whales is not Wales, if so what is meant by bitcoin whales in the world of cryptocurrency is a person or group
which has a lot of bitcoin. If these whales make a transaction it will result in price changes in the market. Often whales manipulating prices
in the market for profit. Many newbie traders are victims, because whales often make prices bitcoin on the market suddenly rises or suddenly
falls. And usually the newbie will panic can sell cheaply when the market price falls and the newbie will buy at the peak price when the market
price goes up.