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Author Topic: How much money do i need to start becoming a whale  (Read 3005 times)
odolvlobo
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August 03, 2015, 03:31:11 PM
 #21



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.

In other words, you don't really know if it is possible because you have never done it. You have just heard anonymous strangers saying that it can be done.


To create a panic driven FOMO event;
1) quietly and slowly buy what you want to hold for the trip.
...
7) DUMP

Buy high, sell low?

Buy bitcoins with cash from somebody near you: LocalBitcoins
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August 03, 2015, 08:16:59 PM
 #22

Simply slowly buy all franko or lottocoin or whatever on the market, meanwhile open multiple threads around Internet stating some shit about your chosen coin, stating that island is going to adopt it  as main currency or whatever. Show the price increase you create as a proof of wall street heavily buying your asset.
Later, watch the newcomers arrive and buy at whatever price. Constantly push up the bids with fake orders.
After the price have increased 10%, or what your goal is, with sufficient real bids....cancel orders and dump  Smiley

As simple as that.

                                 
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August 04, 2015, 05:18:24 AM
 #23

Just more than what is listed on buying or selling list.
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August 04, 2015, 05:21:44 AM
 #24

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

You cant become a bitcoin whale and move the btc markets anymore.
You can try to move alt markets though if you have enough btc and know what your doing.
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August 04, 2015, 05:38:18 AM
 #25

Is this OP even serious? Listen dude. You cant become a btc whale, and you can try to be a whale in the alt game but if you swim up the wrong stream you'll be swimming back home broke feeling like a tadpole.

#JustFacts
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August 04, 2015, 11:20:57 AM
 #26

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

Peasant 1: We have found a whale. May we burn him?

Knight: How do you know he is a whale?

Peasant 1: He talks like one!

Knight: Bring him forward

RyNinDaCleM: I'm not a whale! I'm not a whale!

Knight, to the peasants: What makes you think he is a whale?

Peasant 2: Well, he made me lose all my money!

Knight, looking at bags of money held by peasant 2: (awkward silence)

Peasant: I got better...

Peasants, chanting: Burn him anyway! BURN! BURN! BURN HIM!

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August 04, 2015, 01:20:10 PM
 #27

How ? I think you need at least money as much as daily trading volume, but it's just for a day Grin
But, not only money that you need, you also need to share news, FUD or other whales to help you Smiley

Maybe you should start from altcoin

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August 04, 2015, 01:22:44 PM
 #28

How ? I think you need at least money as much as daily trading volume, but it's just for a day Grin
But, not only money that you need, you also need to share news, FUD or other whales to help you Smiley

Maybe you should start from altcoin
any you can suggest?
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August 04, 2015, 05:37:32 PM
 #29

How ? I think you need at least money as much as daily trading volume, but it's just for a day Grin
But, not only money that you need, you also need to share news, FUD or other whales to help you Smiley

Maybe you should start from altcoin
any you can suggest?

Franko would be great for playing Smiley
https://www.cryptsy.com/markets/view/FRK_BTC

                                 
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August 05, 2015, 07:44:04 AM
 #30

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

If you dream of becoming a whale, I recommend you to go to UniCoin. This coin has 1 BTC marketcap. If you invest 0.2 BTC in this coin, be sure you`ll become a mega whale  Cheesy
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August 05, 2015, 08:44:07 AM
 #31

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

If you dream of becoming a whale, I recommend you to go to UniCoin. This coin has 1 BTC marketcap. If you invest 0.2 BTC in this coin, be sure you`ll become a mega whale  Cheesy
Daily trading volume is also involved in choosing an altcoin and not just market cap.
If a coin have daily trading volume less than 0.1btc then it is a dead coin.
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August 05, 2015, 09:01:25 AM
 #32

I just had a play around with the "Estimate Trading" function in BitcoinWisdom, and put various numbers in there, and it looks like the difference that could be made to the market after fees might be enough to buy a newspaper and cup of coffee even if successful.

I think you'd need to team up with a lot of other people to do it, but even then, who are you going to buy/sell to/from when you want to close the position?

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August 05, 2015, 09:08:44 AM
 #33

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

If you dream of becoming a whale, I recommend you to go to UniCoin. This coin has 1 BTC marketcap. If you invest 0.2 BTC in this coin, be sure you`ll become a mega whale  Cheesy
Daily trading volume is also involved in choosing an altcoin and not just market cap.
If a coin have daily trading volume less than 0.1btc then it is a dead coin.

being a wannabe whale of some sort of worthless altcoin won't do much for you. coins with a market cap of 1 btc are left for dead.
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August 05, 2015, 12:57:37 PM
 #34

this is one of the questions where if you need to ask, you dont have enough.

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August 05, 2015, 02:00:30 PM
 #35

You can't realistically become a whale in Bitcoin at this point unless you are already rich, but you can control almost any alt market with 100 BTC.


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August 05, 2015, 02:02:35 PM
 #36

this is one of the questions where if you need to ask, you dont have enough.
no harm in asking Smiley
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August 05, 2015, 06:15:58 PM
 #37

It's easy to guesstimate how much BTC you need to move a market. Look at the list here:

http://coinmarketcap.com/

order marketcap from more to less and show it in BTC instead of USD or any other FIAT.
There you go, if you have at least half of the volume of the marketcap of a coin you are a huge whale on that particular market.
If you have 1/4 you are a considerable whale.
Anything less and it's a waste of time.

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nonbody
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August 05, 2015, 06:19:55 PM
 #38

It's easy to guesstimate how much BTC you need to move a market. Look at the list here:

http://coinmarketcap.com/

order marketcap from more to less and show it in BTC instead of USD or any other FIAT.
There you go, if you have at least half of the volume of the marketcap of a coin you are a huge whale on that particular market.
If you have 1/4 you are a considerable whale.
Anything less and it's a waste of time.
still requires a considerable investment Cheesy
but thanks
srgkrgkj
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August 05, 2015, 07:08:20 PM
 #39

It's easy to guesstimate how much BTC you need to move a market. Look at the list here:

http://coinmarketcap.com/

order marketcap from more to less and show it in BTC instead of USD or any other FIAT.
There you go, if you have at least half of the volume of the marketcap of a coin you are a huge whale on that particular market.
If you have 1/4 you are a considerable whale.
Anything less and it's a waste of time.

wow well bitcoin having a market cap of 4billion has deterred many whales but for short term impact you only need a couple hundred btc mate Cheesy

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August 05, 2015, 08:02:22 PM
 #40

https://youtu.be/9sHPjhfBRwI?t=50s  Cheesy
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