Made Money from Spotting what whales are Buying?

[GigaBit]

If you are a web3 enthusiast, particularly those active in DeFi and crypto trading, let me know how often you use on-chain analytics platforms like Glassnode, Nansen, or Dune to track whale wallets and top traders' activities.

What do you do with those discoveries? Do you start buying what the whales or big investors are buying, no matter how small your funds are?  Or do you do these just to catch market trends?

If an ordinary investor follows whales, it is definitely not reasonable. Because whale investors have the ability to make a big move in the market. If today's whale investors lose some money, they can also make a big profit on any trade, but if ordinary investors follow them, they will not get that opportunity. If they lose, they will not be able to arrange sufficient funds to recover it.

Investing by looking at the market trend can sometimes be risky because the trend can change at any time. Before investing, the investor must consider the individual and adopt a good strategy by following the general investors. If you follow the whales' strategy, there will be a big chance of losing.

[pusaka]

What do you do with those discoveries? Do you start buying what the whales or big investors are buying, no matter how small your funds are?  Or do you do these just to catch market trends?

If people are actually doing this, then it seems naive to me to follow this so called whales do what they do, how much influence can whales on these platforms influence the market conditions, it's too shallow to me because lots of traders in the world are influencing the market, and a certain number of people on a platform that's not really popular called themselves as market influencers.

Nah, I won't get involve.

There are many factors that influence the market, and even if we follow the whales, it doesn't mean our entry will be the same as theirs, and it might even be too late. Usually, we only see when the price is very high and then enter, and when that happens, the risk is high.

If we focus on that, we'll likely overlook things that are actually more important. In the market, there's not just one thing we need to pay attention to, but many. So, we shouldn't act carelessly because we're using money that must be managed well.

[shinratensei_]

What do you do with those discoveries? Do you start buying what the whales or big investors are buying, no matter how small your funds are?  Or do you do these just to catch market trends?

If people are actually doing this, then it seems naive to me to follow this so called whales do what they do, how much influence can whales on these platforms influence the market conditions, it's too shallow to me because lots of traders in the world are influencing the market, and a certain number of people on a platform that's not really popular called themselves as market influencers.

Nah, I won't get involve.

Whales in this case can be blackrock, microstrategy, or anything buying something in the market.
When ETH was $1500 whales are buying ETH, look at the price right now. Although influence might not be big, but they still can change around sentiment at some extent.

Like how Tom Lee is bullish with ETH while also owning biggest ETH fund. As a result people are becoming bullish as well.
Whales onchain activity can be a good clue and alpha honestly sometime.

[justdimin]

If an ordinary investor follows whales, it is definitely not reasonable. Because whale investors have the ability to make a big move in the market. If today's whale investors lose some money, they can also make a big profit on any trade, but if ordinary investors follow them, they will not get that opportunity. If they lose, they will not be able to arrange sufficient funds to recover it.

Investing by looking at the market trend can sometimes be risky because the trend can change at any time. Before investing, the investor must consider the individual and adopt a good strategy by following the general investors. If you follow the whales' strategy, there will be a big chance of losing.

Yeah, we can't just follow them and expect to make the same amount. It's true that our capital is smaller, and even returns won't matter. Because turning 1 billion into 1.1 billion is a huge deal, and they chase that, having that kind of capital makes it hard to invest into things, you can't invest like a smaller investor, so even a 10% return deal is huge.

But, if you have a thousand dollars and turn that into 1.1k dollars, that's nothing, it's just hundred bucks, you can ask a friend to spot you that much, it's literally that small. So believe me, following what they do, because we lack the capital, is not going to be good for us. Because the return ROI is different, smaller people need higher returns to mean something.

[Josefjix]

What do you do with those discoveries? Do you start buying what the whales or big investors are buying, no matter how small your funds are?  Or do you do these just to catch market trends?

If people are actually doing this, then it seems naive to me to follow this so called whales do what they do, how much influence can whales on these platforms influence the market conditions, it's too shallow to me because lots of traders in the world are influencing the market, and a certain number of people on a platform that's not really popular called themselves as market influencers.

Nah, I won't get involve.

Whales in this case can be blackrock, microstrategy, or anything buying something in the market.

Like how Tom Lee is bullish with ETH while also owning biggest ETH fund. As a result people are becoming bullish as well.

I can agree with you on this if whales are a group of companies buying heavily and not a mere richly individuals buying because there is a big difference in purchasing capacity and power in them, and I'm doubting the fact that these companies are reflected on those platforms OP listed. I was specifically talking about the whales that appear to be those platforms.