newcoins1978
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November 18, 2015, 11:56:44 PM |
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With 100BTC there is not much you can do to influence the market. I think sharks starts at 1000BTC.
That amount of money gives you some nice oppertunities in 1 medium sized exchange.
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magemist
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November 19, 2015, 03:53:11 AM |
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With that much in bitcoin why not just cashout and get it in real fiat then be a millionaire instead of a whale?
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mouneshwar123
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Large scale, green crypto mining ICO
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November 19, 2015, 01:04:24 PM |
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BTCjam and Loanbase are a mini whales. They are making a huge business with less risk ratio. Just for the service provided by their website 1 - 3 % loan fee is too much income.
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richardsNY
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November 19, 2015, 01:11:04 PM |
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With 100BTC there is not much you can do to influence the market. I think sharks starts at 1000BTC.
That amount of money gives you some nice oppertunities in 1 medium sized exchange.
It depends on the exchange. On large exchanges as Bitfinex, Huobi, Bitstamp, OKCoin 100BTC dumps won't do anything. Currently at Gemini exchange it can make the price go down $10-$20 or even more if their order book is very thin.
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MaxTax
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November 19, 2015, 03:15:30 PM |
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I believe around 1000btc
I doubt any other bloke on the block has that
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sulfurtank
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November 19, 2015, 07:37:08 PM |
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I think Andreas said that he "doesn't how that many Bitcoins" but has never revealed his wallet.
He said he came along in 2011 so the super early gains are unlikely. I think I've heard him mention having 100 something coins but I might have imagined it. i read about BCX that admitted that he had 5k bitcoin, i don't know if that true but it should be considered
also there was one early adopter here with over 200k bitcoin, i remember his story about police bursting into his home, i can't find the original topic, it was from 2011
That might've been Knightmb. There was some weirdness about Bob Dole's tax records or something related to that raid. At one point he said he had 371,000 coins but has given them away. Er, ok. Well, it's a balance sheet business and now's a tough time to raise more. That will seriously constrain his business, just like it constrained Bitfinex and Coinbase back when they were remarketing Bitstamp's or MtGox's order book (not to mention the credit risk). The closest candidate for a whale is knightmb, who has admitted to owning 300K. Unless the numbers are ginormous, only a few people on this forum can beat a good old market order by 1%.
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HarryKPeters
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November 19, 2015, 08:02:10 PM |
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I believe around 1000btc
I doubt any other bloke on the block has that
1000 BTC sounds more like it. But close to 5K BTC makes a real whale I think. With so many Bitcoin you can influence the market on a average exchange.
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ssmc2
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November 19, 2015, 08:12:55 PM |
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Loaded.
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Sourgummies
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November 19, 2015, 10:07:20 PM |
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I believe around 1000btc
I doubt any other bloke on the block has that
1000 BTC sounds more like it. But close to 5K BTC makes a real whale I think. With so many Bitcoin you can influence the market on a average exchange. And with that extra cash, you can start grabbing more cash from manipulation... Rich get richer.
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ultimatesky
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November 20, 2015, 01:30:37 PM |
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I believe around 1000btc
I doubt any other bloke on the block has that
1000 BTC sounds more like it. But close to 5K BTC makes a real whale I think. With so many Bitcoin you can influence the market on a average exchange. That's around 1.5 million dollars worth of BTC, i don't think 1 person owns 5k BTC But a company yes, sounds more like it
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pitham1
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November 21, 2015, 10:34:44 AM |
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In today's world, you need 100,000 bitcoin to be a whale. In 20 year's time, you only need 10 bitcoin to be a whale.
Nope, as the market grows and adoption increases, the depth of the market also will increase. You will need more bitcoins to be a whale in the future.
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Amph
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November 21, 2015, 11:07:05 AM Last edit: November 21, 2015, 12:33:13 PM by Amph |
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I believe around 1000btc
I doubt any other bloke on the block has that
1000 BTC sounds more like it. But close to 5K BTC makes a real whale I think. With so many Bitcoin you can influence the market on a average exchange. That's around 1.5 million dollars worth of BTC, i don't think 1 person owns 5k BTC But a company yes, sounds more like it early adopter are known to hold much more than that, not even talking about satoshi, every early adopter is in the range of 10k-100k even if they dumped i'm sure they are not so crazy to dump every single coins and remaining at zero, many have still more than 5k coins
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Zeroxal
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November 21, 2015, 11:24:56 AM |
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One of the biggest whale-sources is China. Big mining companies like Antminer/Hashnest hold tons of bitcoin and a huge portion of the mining share. However I don't think they would dump the bitcoin because when the price drops, their mining fees (electricity bills) would be harder to cover.
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Gotomoon
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November 29, 2015, 12:55:02 PM |
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With 100BTC there is not much you can do to influence the market. I think sharks starts at 1000BTC.
That amount of money gives you some nice oppertunities in 1 medium sized exchange.
1000 is good for a medium/small exchange. But it will not affect the bitcoin market as a whole. In order to do that, you need 100,000 bitcoins.
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bitcoinmagnet
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November 29, 2015, 01:07:46 PM |
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With 100BTC there is not much you can do to influence the market. I think sharks starts at 1000BTC.
That amount of money gives you some nice oppertunities in 1 medium sized exchange.
1000 is good for a medium/small exchange. But it will not affect the bitcoin market as a whole. In order to do that, you need 100,000 bitcoins. Even with 25000 bitcoins one can affect the bitcoin market
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n2004al
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November 30, 2015, 08:49:10 AM |
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I'm currently holding 160 BTC for the future. Would you call me a whale? I'm aiming to have 0.1% of all bitcoin in existence Then I will be truly happy with my life. Have no need to have other aims such above written by you. You have reached already the happiness. Having 160 btc (the first one that I meet with such amount of bitcoins) mean to be sure for your future. But if I would be in your place for sure will invest some of those. Cannot resist to such temptation. Are enough (even much) but if can be more why don't try? I am doing some investments but my amount of bitcoin is ridiculous compared to yours. Even cannot be taken in consideration. But I am trying with such amount. If thing goes ok, hope to have more than you. Much more.
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CrimBit
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November 30, 2015, 08:50:07 AM |
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Just wanted to get thoughts and do sort of a survey.. In your opinion, who fits the description Bitcoin Whale? Who's eligible to be called a mini whale? Responses appreciated Follow me on twitter: @cryptotipzmy opinion Satoshi nakamoto founder and trader
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HardForkComing
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November 30, 2015, 08:52:04 AM |
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I consider somewhere a whale if he can move the market for at least 1-3% at any time. Someone with BTC1k can be considered as a whale.
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ThunderThomas
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fastdice.com The Worlds Fastest Bitcoin Dice
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November 30, 2015, 04:03:18 PM |
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I would say around 1000btc is a whale
But don't think that would be enough to move the market
I think you'll need at least around the 100k to be able to do that
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Snipe85
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Infleum
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November 30, 2015, 05:24:49 PM |
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I would say more than 1000 BTC, much more. 1000 is nothing since a daily volume on just 1 exchange like bitfinex is over 50k. To really manipulate the market you'd need at least 5-10k.
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