What is a whale?

[yndye]

What is your definition of a whale? How many BTCs do you need to have to be a whale?

I don't know for sure how many BTCs a trader would need to be called a whale but one thing for sure is that he has the capability to move the market and influence the traders to buy or to sell. If a certain coin is pump and dump, they would say that there is a possibility of whale manipulation because just one purchase of a whale and the coin has low volume would make the price increase for up to twice or thrice (pump) then it would attract the attention of other traders which would create FOMO and then when he profit enough, he would sell his position creating a dump.

[onyok]

A whale s those who has many capital to trade that it can control  the trading. They can pump and dump the prices. I do not know how much capital needed but a lot of bitcoin to influenced the prices.

So if you say that whale are those who have big capital for trading. What is the advantages of being a whale on bitcoin.?? Is there a minimum value of bitcoin  to be a whale.? And what are the disadvantages of being whale in bitcoin.? Thankyou for your responce.!!

[betlord90]

A whale s those who has many capital to trade that it can control  the trading. They can pump and dump the prices. I do not know how much capital needed but a lot of bitcoin to influenced the prices.

So if you say that whale are those who have big capital for trading. What is the advantages of being a whale on bitcoin.?? Is there a minimum value of bitcoin  to be a whale.? And what are the disadvantages of being whale in bitcoin.? Thankyou for your responce.!!

The advantage for being a whale is you can manipulate the market price and play with it frequently and for becoming a whale you should have Flexible balance to cover up some good trades on the coin you desired especially with bitcoins, And i don't know on what is the disadvantage of being a whales since as far as I know the always winner on the trade is those people who have huge pocket to trade on.

[pooya87]

What is your definition of a whale? How many BTCs do you need to have to be a whale?

being a whale is a relative matter which means you can be a whale with 0.5BTC in one market or you can bare be a whale with 2000BTC in another.
it generally means having a large amount or money and in the trading context it is someone who can influence the price by having that much. that is why i said it is relative.
in an altcoin market sometimes they are too small that you can manipulate them even with 1 bitcoin or less. for example buying 0.5BTC worth of some altcoin can increase its price 100%
but in other bigger markets it becomes harder. you may need 100 bitcoin just to increase the price 5%

[MiXxe]

What is your definition of a whale? How many BTCs do you need to have to be a whale?

I my opinion they are the one who can control the market or they can pump and dump a particular coin by only their ownself.
I think you may call yourself as a whale if you play around 10btc or higher in the market.

[ekoice]

What is your definition of a whale? How many BTCs do you need to have to be a whale?

We could not exactly say that how many BTCs a trader needs to become a whale.If he has considerable huge amount of BTC which could influence the bitcoin price if sold immediately,then he should be termed as a big whale.These big whales usually sell all of their BTCs at once and make bitcoin price fall,which creates panic among newbies.Newbies immediately sell their bitcoins at cheaper price due to the fear of more price fall.Big whales just rebuy them at cheap price and increase their holdings more.Its a continuous strategy carried out by big whales and newbies regularly become victims since they lack knowledge about bitcoin.

[Malsetid]

As far as my understanding is, these people are traders that have so much btcs that they can actually manipulate movements of altcoins by playing with pumps and dumps. I don't know, 10btc perhaps can make you a whale by playing on a smaller altcoin

[Denamen]

whatle is an animal live in ocean.... if u need whale so u need to known just whale vomit is 70k$ 1 kg....
 
whale depend on ur coin u trade... if i have 50k$.. I can't be whale in btc market but in some trash coin with 10k$ marketcap I'm a super whale

[cramcram21]

For my opinion a whale is a person who can manipulate the price in the market,
It could pump the value at the same time he/she could also drop it down.
That's what I think whenever I heard the word whale specially when it comes to crypto currency.

[Zadicar]

A whale is a big slippery mammal typically with a well-filled belly.
When whales use their big blow hole, surrounding animals get upset.
Smaller mammals also tend to get disturbed by the bow wave of whales that are playing too enthusiastically.
Smart birds ride the back of whales.

LOL. Very funny )))

This actually made my day. haha. I dont know if serious or not on this post since he did really define on whats a whale literally.  Well as a newbie you wont really easily catch up on whats going on here but if you are sensible enough we are on trading discussion board then probably we would discuss on a whale here on trading world.

For me, a whale is either a group or a single person/investor who have the capability on pumping prices of a certain coin they can easily affect the movement since they hold up huge volume of coins or they would decide to bought since they do have the money to put on.

[thenextstep]

Whales are creatures of the open ocean; they feed, mate, give birth, suckle and raise their young at sea. So extreme is their adaptation to life underwater that they are unable to survive on land. Whales range in size from the 2.6 metres (8.5 ft) and 135 kilograms (298 lb) dwarf sperm whale to the 29.9 metres (98 ft) and 190 metric tons (210 short tons) blue whale, which is the largest creature that has ever lived. The sperm whale is the largest toothed predator on earth. Several species exhibit sexual dimorphism, in that the females are larger than males. Baleen whales have no teeth; instead they have plates of baleen, a fringe-like structure used to expel water while retaining the krill and plankton which they feed on. They use their throat pleats to expand the mouth to take in huge gulps of water. Balaenids have heads that can make up 40% of their body mass to take in water. Toothed whales, on the other hand, have conical teeth designed for catching fish or squid. Baleen whales have a well developed sense of "smell", whereas toothed whales have well-developed hearing − their hearing, that is adapted for both air and water, is so well developed that some can survive even if they are blind. Some species, such as sperm whales, are well adapted for diving to great depths to catch squid and other favoured prey.

- https://en.wikipedia.org/wiki/Whale That;s a whale, 

[cinchin]

For my opinion a whale is a person who can manipulate the price in the market,
It could pump the value at the same time he/she could also drop it down.
That's what I think whenever I heard the word whale specially when it comes to crypto currency.

- Yeah, but a whale can not manipulate price in the market, it only affects a certain part. Most whales play together, say a group and these whales will manipulate market prices according to what they want.
- They can pump heavily or dumping a coin any they like, their purpose is just to earn as much money as possible. And usually I always follow the whales, this is the way we make money

[kynaz]

For my opinion a whale is a person who can manipulate the price in the market,
It could pump the value at the same time he/she could also drop it down.
That's what I think whenever I heard the word whale specially when it comes to crypto currency.

- Yeah, but a whale can not manipulate price in the market, it only affects a certain part. Most whales play together, say a group and these whales will manipulate market prices according to what they want.
- They can pump heavily or dumping a coin any they like, their purpose is just to earn as much money as possible. And usually I always follow the whales, this is the way we make money

Yup, this happens every day in major trading floors as there will be lots of whales working together to raise market prices, which will be great for those who grasp the information as it will help them we make a lot of profit

[groko271]

What is your definition of a whale? How many BTCs do you need to have to be a whale?

there's been some good answers here, however here is some links that go into further detail, and even answer your question regarding how much investment is needed to influence a market.

https://www.cryptocoinsnews.com/bitcoin-whale/

By injecting, say, 50,000 BTC, over the course of a week, a massive price change can be effected. Yet, doing so, for its own sake is pointless because the institution’s objective, just like smaller players, is to buy low and sell high – in other words, to turn a profit after each investment.

https://news.bitcoin.com/bitcoin-whales-and-how-they-make-market-waves/

[batang_bitcoin]

What is your definition of a whale? How many BTCs do you need to have to be a whale?

Others here are defining literally what whale is, oh the irony. Well for me the definition of whale in terms of market whether it's with bitcoin or not. It's a big player, certainly a single person, groups or companies. I don't have an exact amount or idea on how much they had been holding, I guess 1,000 BTC is their minimum.

[Beparanf]

What is your definition of a whale? How many BTCs do you need to have to be a whale?

Others here are defining literally what whale is, oh the irony. Well for me the definition of whale in terms of market whether it's with bitcoin or not. It's a big player, certainly a single person, groups or companies. I don't have an exact amount or idea on how much they had been holding, I guess 1,000 BTC is their minimum.

They are those who hopd great amount of crypto may it be btc or alts, they make sometimes the pumps and dumps when they buy and release it . They are mostly the target of ICO to make the project successful.

[no0dlepunk]

What is your definition of a whale?

From the adjective itself, whale is somebody who can create waves. So if you can make highs and lows to a coin then please consider yourself as a whale.

How many BTCs do you need to have to be a whale?

Well you know, amigo... it's not only about bitcoins; you can create waves with your fiat. You may consider billions or trillions of Great Britain Pounds to pump and dump a coin.

I am not a whale myself but I totally understand how that works because I've been trading stocks for almost a decade now, yet I am foolish enough not to believe in bitcoins in its early stage.

[batang_bitcoin]

What is your definition of a whale? How many BTCs do you need to have to be a whale?

Others here are defining literally what whale is, oh the irony. Well for me the definition of whale in terms of market whether it's with bitcoin or not. It's a big player, certainly a single person, groups or companies. I don't have an exact amount or idea on how much they had been holding, I guess 1,000 BTC is their minimum.

They are those who hopd great amount of crypto may it be btc or alts, they make sometimes the pumps and dumps when they buy and release it . They are mostly the target of ICO to make the project successful.

They are not just hoping with great amount of bitcoins and alt coins but they want to have the big wave in the movement of a coins price. In the easiest word, they want to control the market of crypto currencies, they have the power, the wealth and the fame. And they want to extend it with the market of crypto currencies.

[daringdiscovered]

What is your definition of a whale? How many BTCs do you need to have to be a whale?

Whale is just a term when there is huge drop of price, and because of that many people will panic and will sell their bitcoins, and the one who drops the price of bitcoin eill buy the bitcoins that is going to be sell in a lower price so that the whale will be the one who will be benefited by this act.

[lovesybitz]

What is your definition of a whale? How many BTCs do you need to have to be a whale?

Those whale are the big investors or rich people who invested a huge amount of bitcoin. There are many investors who investing into bitcoin amounting millions in dollars, However, it is not necessarily for us to become a whale though all of us here had chances to become like that aat the time we get some profit of more that 10BTC.