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Author Topic: What is whale?  (Read 735 times)
BitMaxz
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November 03, 2015, 08:48:23 PM
 #1

Hi guys i just want you to ask if what is whale? im always read that word but i didnt know what is whale?
I thought is it was a big fish. Or its a kind of greediness?

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November 03, 2015, 08:52:27 PM
 #2

According to me it's a really big player that have massive financial power, who tends to try to manipulate the market. My definition can be not be totally accurate, by this is something of this kind Wink.

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BitcoinFortune
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November 03, 2015, 08:59:01 PM
 #3

some player powerful enough to manipulate the market. Usually has negative meaning. Whales usually make large profit at the cost of others. But many people want to be whale.

If you have time, you can search for London Whale.

https://en.wikipedia.org/wiki/2012_JPMorgan_Chase_trading_loss
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November 03, 2015, 09:03:02 PM
 #4

I also thought it to be smart to have a whale as a friend so they can give you a heads up when they are going to make their move. Get ahead of the market on your future trades. But this is not made public of course for obvious reasons.

The parasite hates three things: free markets, free will, and free men.
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November 03, 2015, 09:26:10 PM
 #5

they said that 1k are whale already, but i believe that only early adopters are real whale, usually 10k-100k range
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November 03, 2015, 09:26:28 PM
 #6

in my opinion a whale is a person who has at least 1000 bitcoins that he can spend on gambling and risk loosing it all though those are just my thoughts

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November 03, 2015, 09:31:50 PM
 #7

The amount a whale should hold is up for debate, but for sure they hold enough to make a significant impact on the market.

If they want cheaper coins, they dump. If they want more expensive coins, they buy. With people following trends, they can make profits on both sides.

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November 03, 2015, 09:38:40 PM
 #8

It is a person hoarding a significant portion of the market. A lot of early adopters may be whales. The amount is debatable but I consider 1000+BTC to be a whale personally.
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November 03, 2015, 09:47:07 PM
 #9

in my opinion a whale is a person who has at least 1000 bitcoins that he can spend on gambling and risk loosing it all though those are just my thoughts

There's no real defined about in regards to what makes a whale. Depends the most on the exchange you are trying to manipulate; for example, you can easily
manipulate my local exchange even with only 100 btc, and people will still consider you a whale. Same goes to whale references on altcoins.
Basically, if you can move any market, then on that market , you are the whale (or one of them).
BitMaxz
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November 03, 2015, 09:58:10 PM
 #10

According to me it's a really big player that have massive financial power, who tends to try to manipulate the market. My definition can be not be totally accurate, by this is something of this kind Wink.
So it means whales  is a player that has a massive financial power that can control the fluctuate of the price of the market? THats it?
Give other simple summary about a whales.

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November 03, 2015, 10:05:50 PM
 #11

This guy would be considered a whale in my book:



I'd say someone with really big and deep wallets. Wink

                                     
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Meuh6879
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November 03, 2015, 10:08:29 PM
 #12

Whale = dump 50 000 BTC
Bear = dump 5 000 BTC
AgentofCoin
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November 03, 2015, 10:11:53 PM
 #13

According to me it's a really big player that have massive financial power, who tends to try to manipulate the market. My definition can be not be totally accurate, by this is something of this kind Wink.
So it means whales  is a player that has a massive financial power that can control the fluctuate of the price of the market? THats it?
Give other simple summary about a whales.


Yes that is basically it.

bitcoin whale: an individual or group of people who control a large amount of bitcoins in relation to the average user,
who by themselves or as this group, have "enough of the pot" to manipulate the price of bitcoin, either up or down in massive amounts.
As bitcoin's market cap rises, whales' effect on the market will become less noticeable.
A bitcoin whale's power is limited to the amount of bitcoins he/they control, but they can be killed off. (See the death of BearWhale in October 6, 2014).

I support a decentralized & unregulatable ledger first, with safe scaling over time.
Request a signed message if you are associating with anyone claiming to be me.
BitMaxz
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November 03, 2015, 10:11:59 PM
 #14

This guy would be considered a whale in my book:



I'd say someone with really big and deep wallets. Wink
So it means a whales is a rich people? if whale is rich and has a lots of bitcoin he can change the price of the bitcoin by selling his bitcoin for lower price? then the price will be rise?

BitMaxz
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November 03, 2015, 10:18:19 PM
 #15

According to me it's a really big player that have massive financial power, who tends to try to manipulate the market. My definition can be not be totally accurate, by this is something of this kind Wink.
So it means whales  is a player that has a massive financial power that can control the fluctuate of the price of the market? THats it?
Give other simple summary about a whales.


Yes that is basically it.

bitcoin whale: an individual or group of people who control a large amount of bitcoins in relation to the average user,
who by themselves or as this group, have "enough of the pot" to manipulate the price of bitcoin, either up or down in massive amounts.
As bitcoin's market cap rises, whales' effect on the market will become less noticeable.
A bitcoin whale's power is limited to the amount of bitcoins he/they control, but they can be killed off. (See the death of BearWhale in October 6, 2014).
Can you give a sample why the price running up by the whales?
My sample understanding why the price is still running up:
If the whales sell bitcoins for a lowered price. The price will be rise from bitstamp or any market places?

AgentofCoin
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November 03, 2015, 10:24:11 PM
 #16

According to me it's a really big player that have massive financial power, who tends to try to manipulate the market. My definition can be not be totally accurate, by this is something of this kind Wink.
So it means whales  is a player that has a massive financial power that can control the fluctuate of the price of the market? THats it?
Give other simple summary about a whales.


Yes that is basically it.

bitcoin whale: an individual or group of people who control a large amount of bitcoins in relation to the average user,
who by themselves or as this group, have "enough of the pot" to manipulate the price of bitcoin, either up or down in massive amounts.
As bitcoin's market cap rises, whales' effect on the market will become less noticeable.
A bitcoin whale's power is limited to the amount of bitcoins he/they control, but they can be killed off. (See the death of BearWhale in October 6, 2014).
Can you give a sample why the price running up by the whales?
My sample understanding why the price is still running up:
If the whales sell bitcoins for a lowered price. The price will be rise from bitstamp or any market places?

There are different scenarios.

If a whale has a lot of bitcoins and sells for a very low price, it is possible the market will sink, which can cause a crash.
The whale, at the bottom of the crash, then could buy back their bitcoins at a cheaper price.

If a whale has a lot of fiat and buys bitcoin slowly over time, it is possible the market will rise, which will cause a rallying.
The whale, at the top of the rally, then could sell all the newly bought coins at that higher price.

Either way, regular users of bitcoin can not do this, thus whales are powerful, and are called whales since they can make waves.

I support a decentralized & unregulatable ledger first, with safe scaling over time.
Request a signed message if you are associating with anyone claiming to be me.
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November 03, 2015, 10:36:30 PM
 #17

A wale is someone that can move the market, with its movements can increase or decrease the price. In small markets a wale could have 50 bitcoins but in a big market will need almost 20 times these amount to move it.
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November 03, 2015, 10:43:02 PM
 #18

Satoshi could be a big whale if he wanted too. I hope that he wont decide to dump his coins on us xD.
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November 03, 2015, 11:23:09 PM
 #19

A whale is usually someone who has the ability to create big waves in financial situations
BitMaxz
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November 03, 2015, 11:31:22 PM
 #20

According to me it's a really big player that have massive financial power, who tends to try to manipulate the market. My definition can be not be totally accurate, by this is something of this kind Wink.
So it means whales  is a player that has a massive financial power that can control the fluctuate of the price of the market? THats it?
Give other simple summary about a whales.


Yes that is basically it.

bitcoin whale: an individual or group of people who control a large amount of bitcoins in relation to the average user,
who by themselves or as this group, have "enough of the pot" to manipulate the price of bitcoin, either up or down in massive amounts.
As bitcoin's market cap rises, whales' effect on the market will become less noticeable.
A bitcoin whale's power is limited to the amount of bitcoins he/they control, but they can be killed off. (See the death of BearWhale in October 6, 2014).
Can you give a sample why the price running up by the whales?
My sample understanding why the price is still running up:
If the whales sell bitcoins for a lowered price. The price will be rise from bitstamp or any market places?

There are different scenarios.

If a whale has a lot of bitcoins and sells for a very low price, it is possible the market will sink, which can cause a crash.
The whale, at the bottom of the crash, then could buy back their bitcoins at a cheaper price.

If a whale has a lot of fiat and buys bitcoin slowly over time, it is possible the market will rise, which will cause a rallying.
The whale, at the top of the rally, then could sell all the newly bought coins at that higher price.

Either way, regular users of bitcoin can not do this, thus whales are powerful, and are called whales since they can make waves.
Ok i got it now thanks for your summary thank you !! now i understand why affects the price of the bitcoin from whales.

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