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Author Topic: How much money do i need to start becoming a whale  (Read 2997 times)
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July 31, 2015, 08:21:38 PM
 #1

as mentioned above, i have heard of people able to push up the price with their own btc stash, any clue how to do this and how much capital you would need
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July 31, 2015, 08:23:38 PM
 #2

The most you can make. Walls get bigger and bigger... The more you have the better. There is no fixed number. You can push the market with more or less Bitcoins, dependeing on the current volume.

Giving a shot at a certain number, I'd say 5000+ BTC


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BITMIXCOIN
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July 31, 2015, 08:25:50 PM
 #3

The most you can make. Walls get bigger and bigger... The more you have the better. There is no fixed number. You can push the market with more or less Bitcoins, dependeing on the current volume.

Giving a shot at a certain number, I'd say 5000+ BTC
wow. stupid question: is it a good idea to take part in this or is it frowned upon
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July 31, 2015, 08:28:57 PM
 #4


wow. stupid question: is it a good idea to take part in this or is it frowned upon


It's not illegal in this market and it's considered a fact of life now.

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July 31, 2015, 08:30:29 PM
 #5

The most you can make. Walls get bigger and bigger... The more you have the better. There is no fixed number. You can push the market with more or less Bitcoins, dependeing on the current volume.

Giving a shot at a certain number, I'd say 5000+ BTC
wow. stupid question: is it a good idea to take part in this or is it frowned upon

Do you know what your doing?  If you don't know how or why whales do what they do, it is probably best to not participate and HODL your coins.

 

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July 31, 2015, 08:44:16 PM
 #6

agreed.

you would have better luck starting your own exchange in some unregulated region like Romania and then inserting some thing like a willy bot.

fortunately most people have more to gain by being honest. Falsely inflated BTC valuation isn't good for anyone, long term. just makes BTC look shady

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July 31, 2015, 08:48:08 PM
 #7

probably in the range of early adopters, unless you are willing to manipulate exchange with small volume, if you really want to manipulate some markets it's better to focus your attention on altcoin

they are so tiny that everyone here, can manipulate some of them
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July 31, 2015, 08:50:28 PM
 #8

The most you can make. Walls get bigger and bigger... The more you have the better. There is no fixed number. You can push the market with more or less Bitcoins, dependeing on the current volume.

Giving a shot at a certain number, I'd say 5000+ BTC
wow. stupid question: is it a good idea to take part in this or is it frowned upon

You do whatever you want. That's the good part on Bitcoin markets. The bad part are some people who participate in it Cheesy

And also, as said, the number of bitcoins needed to change a market varies a lot, according to volume and to the website you're using for trading...


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July 31, 2015, 10:19:37 PM
 #9

The most you can make. Walls get bigger and bigger... The more you have the better. There is no fixed number. You can push the market with more or less Bitcoins, dependeing on the current volume.

Giving a shot at a certain number, I'd say 5000+ BTC
wow. stupid question: is it a good idea to take part in this or is it frowned upon

It is not frowned upon. A whale makes some action and oportunities for everyone else.
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August 01, 2015, 07:39:14 AM
 #10

as mentioned above, i have heard of people able to push up the price with their own btc stash, any clue how to do this and how much capital you would need

It depends on how much you want to move the market and you can see it for yourself. Go to bitcoinwisdom[1] and select Tools -> estimate trading. It allows you to enter the amount of BTC/USD you want to buy and how much it would currently change the price on that exchange. 5000 BTC would currently change the price by ~12% to 315 USD/BTC.


[1] e.g. for bitstamp https://bitcoinwisdom.com/markets/bitstamp/btcusd

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August 01, 2015, 07:45:01 AM
 #11

as mentioned above, i have heard of people able to push up the price with their own btc stash, any clue how to do this and how much capital you would need

It depends on how much you want to move the market and you can see it for yourself. Go to bitcoinwisdom[1] and select Tools -> estimate trading. It allows you to enter the amount of BTC/USD you want to buy and how much it would currently change the price on that exchange. 5000 BTC would currently change the price by ~12% to 315 USD/BTC.


[1] e.g. for bitstamp https://bitcoinwisdom.com/markets/bitstamp/btcusd

I suppose that the price change would become a lot less in a matter of minutes, because of arbitrage with other exchanges. Moving price is costly, and almost useless, it's not like that if you are a whale you control the market, you only can inflence the spot price.

Everybody can be a whale with altcoins and experiment it.

                                 
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August 01, 2015, 09:05:17 AM
 #12

as mentioned above, i have heard of people able to push up the price with their own btc stash, any clue how to do this and how much capital you would need


It would have to be really high. My best guess is its over 9000.

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August 01, 2015, 09:31:07 AM
 #13

Perhaps the OP means how much to be a whale in view of an alt coin? In that case, I'd say it's far less than 5000 Bitcoins depending on the market cap of the coin in question.
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August 02, 2015, 04:04:23 PM
 #14

Perhaps the OP means how much to be a whale in view of an alt coin? In that case, I'd say it's far less than 5000 Bitcoins depending on the market cap of the coin in question.

i was referring to both alt coins and btc Cheesy what percentage of a total alt coin should i have to make a difference
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August 02, 2015, 04:22:26 PM
 #15

Morelike a thousand IMO or someone that able to move the graph for bitcoin's value ,significantly.
But this statement , "becoming a whale" is relative subject because many people measure "how big" in different values.

as mentioned above, i have heard of people able to push up the price with their own btc stash, any clue how to do this and how much capital you would need

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August 02, 2015, 04:31:06 PM
 #16

as much as you can..
more than 10.000 BTC may be. mould a coins everyday and never sleep...

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August 02, 2015, 04:51:35 PM
 #17

I would say 200 BTC for a baby orca whale, and 1,000 BTC for a full adult sperm whale.  

Moving 200 BTC on a slow day raises eyebrows and can pop BTC $1 USD in either direction.  Shocked
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August 02, 2015, 05:59:47 PM
 #18

probably in the range of early adopters, unless you are willing to manipulate exchange with small volume, if you really want to manipulate some markets it's better to focus your attention on altcoin

they are so tiny that everyone here, can manipulate some of them
Seriously!!!!
I would love to do that.
Can you please tell me the way to manipulate the altcoin market.
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August 03, 2015, 10:34:25 AM
 #19

probably in the range of early adopters, unless you are willing to manipulate exchange with small volume, if you really want to manipulate some markets it's better to focus your attention on altcoin

they are so tiny that everyone here, can manipulate some of them
Seriously!!!!
I would love to do that.
Can you please tell me the way to manipulate the altcoin market.

Simple, just have at least 1/4 of the total BTC's on the buy order and you'll have a decent % of control to play with and try to influence people into falling for your fake orders and potentially great buy and panic sells. It takes a lot of time and skill tho, few can pull it. I wish I had that kind of BTC but I dont.

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August 03, 2015, 11:10:35 AM
 #20

A whale does not imply cornering a market. If you don't know what you are doing, the "whale" status can go away very fast.

To create a panic driven FOMO event;
1) quietly and slowly buy what you want to hold for the trip.
2) place bids to create the appearance of support, thereby making others trust that they won't get burned if they buy at whatever level.
3) well placed market orders can do a lot, but again, it must be believable or the sellers will just push it right back to where it started. Then you are no better off and have more coins that are not in the profit zone.
4) grasp any straw you can find and spoon feed it to the community. These "fundamentals" should be mewn worthy.
5) follow the price with bids at a safe distance being sure to not actually buy more than you desire or are able to dump when the time is right.
6) every so often, throw out a market sell to gauge the jumpiness of the market. When price action is so weak that bids don't fill right back to the original spot, wait a little longer and...
7) DUMP

Additional steps that can be taken;
8 ) Rinse
9) Repeat
10) Profit

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