Dealing with whales/walls

[MMOStars]

Hello fam, have a question from someone with no trading education.

What are general ways/behaviors that can be expected when a whale starts trading and starts creating the huge walls on buy or sell sides.

What is expected to be done in such cases? How should people be reacting to such actions when this walls seem huge and start causing panics especially on  the sell side?

Thanks.

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[pooya87]

well if you see a panic happening then it is best to act before the panicking people. this can be a faster sell before the others sell or a faster buy before others FOMO buy.
but remember that a wall doesn't necessarily mean it is effective. it depends on the supply and demand of that coin, sometimes no amount of wall can prevent a movement to one side be it a dump or a pump. because there are always other whales and there is always a total of all the other traders which is bigger than one whale.

[xfaqs01]

First of all how do you qualify a whale trader? Example a trader holds 200btc is it whale? I think no, so if this guy for ex. Dump coins it will not affect the price but if a person roger ver holder of 300,000 btc and will support bitcoin unlimited the split coin ( if there will be split coin after hardfork on august 1) then he will dump all of his btc and will support btu, itll surely affect the price,
So to deal with kind of acenario is to be prepared by reading reviews, speculation and forecast and out of it will be the basis of your dexisions

[mobnepal]

There can be different reasons for anyone to create huge sell/buy walls, specially they are created to either pump or create panic among traders but sometime it might be because of news/updates on the coin. So you should go through few of the trusted bitcoin/altcoin related media to find out anything recently announced on that coin or not, and if there is nothing like real news just don't trade that coin.

[dunfida]

First of all how do you qualify a whale trader? Example a trader holds 200btc is it whale? I think no, so if this guy for ex. Dump coins it will not affect the price but if a person roger ver holder of 300,000 btc and will support bitcoin unlimited the split coin ( if there will be split coin after hardfork on august 1) then he will dump all of his btc and will support btu, itll surely affect the price,
So to deal with kind of acenario is to be prepared by reading reviews, speculation and forecast and out of it will be the basis of your dexisions

This is really the main reason for a certain coin or even bitcoin would be affected because of some news.Whale traders or holders of coins can hardly be known depending on which coin does he hold a lot.When we are talking about bitcoin then Roger ver does have ample amount which can really affects bitcoins price. Dealing with whales and walls would be hard but we can make a thing which we would be profitable on those kind of attempts specially on trading alts.If your knees are weak on seeing on those high walls then for sure you lost.

[LuanX3]

Hello fam, have a question from someone with no trading education.

What are general ways/behaviors that can be expected when a whale starts trading and starts creating the huge walls on buy or sell sides.

What is expected to be done in such cases? How should people be reacting to such actions when this walls seem huge and start causing panics especially on  the sell side?

Thanks.

You shouldn't really worry about the walls they set or how they move. What you should prepare for is when will they buy and sell. If you time it right you can buy before they buy an altcoin then sell before they sell. That would generate a lot of profits. Usually all altcoins in poloniex does go up eventually unless they get delisted.

[Fortify]

To keep with the whale analogy, you have to understand how it works in nature. It is a big beast and you're either swimming in the same direction trying to pick up scraps or you are one of the krill getting eaten up. You cannot predict when it will change direction or is finished feeding.

[oaks05]

Dont panic, when you panic you make your worst mistakes this trait alone takes time to learn, learn to be patient and not follow prices min to min and ul come out on top.

[shinratensei_]

If the whales already made a big buy whale and just take your opportunity to buy the coin, I will be speculating if the whale is going to make FOMO to the coin. Don't waste your best moment dude. But otherwise, the big sell wall means if the whale is trying to make panic feels to the traders. I will believe there will be a dump in a short time.

I mean you must take short act before the dump will have happened. And you will be possible to get stuck on your buying price. That's just a trick.

[pooya87]

First of all how do you qualify a whale trader? Example a trader holds 200btc is it whale? I think no, so if this guy for ex. Dump coins it will not affect the price but if a person roger ver holder of 300,000 btc and will support bitcoin unlimited the split coin ( if there will be split coin after hardfork on august 1) then he will dump all of his btc and will support btu, itll surely affect the price,
So to deal with kind of acenario is to be prepared by reading reviews, speculation and forecast and out of it will be the basis of your dexisions

it depends on what market you are talking about! in bitcoin there are many whales and market is huge, so you really can't be considered a whale no matter how much bitcoin you have because if the market and other whales are against you, you won't matter.

in altcoins there are two kinds. the manipulated ones and small ones. the manipulated ones like ethereum have a lot of money in a centralized group behind it. they have the foundation and a lot of funds to control the market. nobody can put a dent in it.
in a small coin sometimes it is even possible to become a whale with 1BTC! and yes i have tried and it is possible

[eagle10]

First of all how do you qualify a whale trader? Example a trader holds 200btc is it whale? I think no, so if this guy for ex. Dump coins it will not affect the price but if a person roger ver holder of 300,000 btc and will support bitcoin unlimited the split coin ( if there will be split coin after hardfork on august 1) then he will dump all of his btc and will support btu, itll surely affect the price,
So to deal with kind of acenario is to be prepared by reading reviews, speculation and forecast and out of it will be the basis of your dexisions

it depends on what market you are talking about! in bitcoin there are many whales and market is huge, so you really can't be considered a whale no matter how much bitcoin you have because if the market and other whales are against you, you won't matter.

in altcoins there are two kinds. the manipulated ones and small ones. the manipulated ones like ethereum have a lot of money in a centralized group behind it. they have the foundation and a lot of funds to control the market. nobody can put a dent in it.
in a small coin sometimes it is even possible to become a whale with 1BTC! and yes i have tried and it is possible

Yes, small traders can be manipulated in small markets. However, when it comes to big markets I doubt it can be manipulated by whales.