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Author Topic: How much money do i need to start becoming a whale  (Read 3004 times)
mrhelpful
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August 05, 2015, 09:28:49 PM
 #41

how much you say?

google the top richest addresses, and the lowest #`s will be around 2,000 btc.

Everyone else has way more then 2,000, but the 2,000 mark is a whale entry.

current rates, that translates to 560,000 esti.
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freakying99
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August 20, 2015, 12:42:36 AM
 #42

how much you say?

google the top richest addresses, and the lowest #`s will be around 2,000 btc.

Everyone else has way more then 2,000, but the 2,000 mark is a whale entry.

current rates, that translates to 560,000 esti.

Half a milli aint a whale.
madjules007
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August 20, 2015, 12:50:29 AM
 #43

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

Most "whales" get slaughtered. Just like most traders, they are quite bad at trading and eventually lose their whale status. There was a whale buying tens of thousands of coins in hidden bids at 250-255 on Bitfinex before the flash crash. Yeah, that guy got harpooned real bad.

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mrhelpful
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August 20, 2015, 03:47:51 AM
 #44

how much you say?

google the top richest addresses, and the lowest #`s will be around 2,000 btc.

Everyone else has way more then 2,000, but the 2,000 mark is a whale entry.

current rates, that translates to 560,000 esti.

Half a milli aint a whale.

Half a mill is the lowest whale. You can brush up on the richest address to the lowest, and the ones that still reach being a whale.

They have 2,000 btc. Type in the richest btc address and then see the lowest you`ll see the range.
Monopoly
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August 20, 2015, 03:56:04 AM
 #45

1-2% of worth of whole of market .

lissandra
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August 20, 2015, 05:33:09 AM
 #46

I think it should be similar to being a millionaire or having assests towards that amount. Despite different metrics.

So the person who has like 1 mill worth, should be starting as a whale.

luciann
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August 20, 2015, 06:23:13 AM
 #47

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.



exactly what vegeta says.

you need over 9000 to be a qualified whale, and you have a huge amount like that, id say it helps to donate 1 btc for a decent charity.

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