What is a whale?

[Sled]

A whale is one of the traders that have a lot of bitcoin and they can control a cryptocurrency in the market to be able to generate some profit. They are called whales because of the big amount of bitcoin that they have and also they are professional in using those bitcoins. I think it needs at least 100 bitcoins in order to become whale.

[SmartBillions]

Becoming a whale in crypto world is way easier, than in a normal trading, where you need to dominate the market with hundreds of millions of dollars. Here, a single man can affect the price with a million dollar worth bitcoins. Of course it has to be an altcoin that hasn't got a huge 24h volume, but it's way simpler than elsewhere.

[passivebesiege]

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

my definition about whales is atleast have million USD in her balance  can control the market using that money he can easyly pump the coin they want to and get profit from it. but they accumolate first  the coin in lower price and maintain it that price until they think all coin that he is holding is enough then pump it.

[Rnd2012]

in my opion a whale has pocket full of bitcoin at least 1000- 2000 bitcoins using all his resources to mainpulate the market up and down through that proceess he can take a profit 1 bitcoin or more .

[ccowl]

I think term "whale" is relative to the volume of a market. I've seen people with just 20 BTC order trades disrupt smaller markets in the short term. Of course, at that point a bigger whale could come in and screw the first one over.

[spngebob]

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

In my opinion whale is someone who can shake market.
How much bitcoins do you need to be a whale? Don't ask me. I am not even a fish, more like plankton and i don't usually think about those things. I just swim around...

[Quidat]

I think term "whale" is relative to the volume of a market. I've seen people with just 20 BTC order trades disrupt smaller markets in the short term. Of course, at that point a bigger whale could come in and screw the first one over.

A whale would really screw up the market specially on a coin on which it would really eat ups smaller buy or sell order depending into their plan on which way they would go that they can able to make more money. Whales can really easily manipulate prices since they do really have the power to do such thing, we know that money do really matters.

[UsernameBitcoin]

A whale is someone who has enough money to manipulate a market, and they do not necessarily need to be a millionaire because if you have a few thousand dollars you can manipulate small altcoin markets with low volume. Many people could be considered whales.

[Ankhesenamun]

On every exchange there are people who sharply raise the price of a coin. They are artificially pumping it. Whales are those people who are able to raise the price of one coin right on many exchanges, because they have a lot of money

[JohnnyNnex]

A whale is a crypto term to describe a person who has a huge number of coin that can move or manipulate market. I guess if you have a 500BTC you can be called whale.

I think it is 100BTC enough

[hippiex]

A whale is a crypto term to describe a person who has a huge number of coin that can move or manipulate market. I guess if you have a 500BTC you can be called whale.

I think it is 100BTC enough

  I think depend on marketcap of coin u invest... it marketcap is only 10k for total of this coin... U have 10 BTC. U will becam a whale in that market

[BingoDog]

On every exchange there are people who sharply raise the price of a coin. They are artificially pumping it. Whales are those people who are able to raise the price of one coin right on many exchanges, because they have a lot of money

Can they really so easy manipulate the market or is this just the fiction? And there definetely isn't enough only one whale to make some impact on market price thry have to work jlont, with same interest have certain amount of bitcoins. It has to be a lot but I'm not sure that is anywhere defined how much that is.

[Tungsten-1]

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.

That is pretty good amount. I mean a person who have 1000 BTC is billionaire and defiantly he changes the whole graph of bticoin price if he wants, like if he sold his bitcoin with high price then the price of bitcoin rises, if he dump all hi bitcoin then bitcoin prices falls, china is the whale of bitcoin market and japan is on his way to become whale.

[Zacharyce]

A whale is someone who has enough money to manipulate a market, and they do not necessarily need to be a millionaire because if you have a few thousand dollars you can manipulate small altcoin markets with low volume. Many people could be considered whales.

I agree with you . If we want to be the leader of a market, then we must have a lot of money, at least 2BTC to make the whales in the small trading floors and 200BTC for the large trading floors.

[melted349]

A whale is a crypto term to describe a person who has a huge number of coin that can move or manipulate market. I guess if you have a 500BTC you can be called whale.

I think it is 100BTC enough

  I think depend on marketcap of coin u invest... it marketcap is only 10k for total of this coin... U have 10 BTC. U will becam a whale in that market

Yes it can but most probably i think hundred of btc are considered as a whale.

[justdimin]

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.

Exactly, whales are the ones who can change the price high to low and low to high. These are investors like everyone else but they invest not on hundred and tens of dollars rather their investments start from millions and end in billions. Often, the price plunging or sheer up is just because of transactions they do and that give profit to some average traders and for some it is loss.

[michellee]

A whale is a crypto term to describe a person who has a huge number of coin that can move or manipulate market. I guess if you have a 500BTC you can be called whale.

I think it is 100BTC enough

  I think depend on marketcap of coin u invest... it marketcap is only 10k for total of this coin... U have 10 BTC. U will becam a whale in that market

Yes it can but most probably i think hundred of btc are considered as a whale.

but I think if only thousand btc is not already called as a whale because for me, a whale have more than 10k btc in many wallet and that person can play with the price. I think there are people or person that have more than 10k btc and he don't spend much his btc and only waiting for next high price.

[posternat]

That's simply somebody that has leverage in there exchanges to control them. There's quite a few around, our investment firm has quite a few with in it. It's the same thing in the real world, somebody that has enough leverage that they can buy at a company or buy a controlling interest in a company at a complete control over them.

[jualidbitmixer]

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

That whale definition is about a person that have many bitcoins or other altcoins and once he pump or dump all his coins, it will makes the coin price changes drastically. That's why people always says the whales are doing it when somebody pump/dump the coin.

I'm not sure how many bitcoins need to be a whale because i'm not a whale, maybe around 20+ bitcoins you can call yourself a whale lmao.

[redsun114]

A whale is a crypto term to describe a person who has a huge number of coin that can move or manipulate market. I guess if you have a 500BTC you can be called whale.

I think it is 100BTC enough

  I think depend on marketcap of coin u invest... it marketcap is only 10k for total of this coin... U have 10 BTC. U will becam a whale in that market

Yes it can but most probably i think hundred of btc are considered as a whale.

It probably depends on how you invest and how much market manipulate that price. Yes you can be whale if you have 100BTC in market right now. You can change the whole price charts in coming days if you sell these bitcoins. You are being a whale can change the businesses of many people