What is a whale?

[carlisle1]

What is your definition of a whale?

A bitcoin whale is generally a person who holds a huge amount of bitcoins in their wallet. And it those whales let say sold a huge chunk of bitcoin, it could have some effect on the price. I think they also manipulate the price from behind using this method. I also believed that this maybe a individual or a group of persons or even a company. So basically they are market movers because of their influence on the price.

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

It depends. Once individual can owns 1000 btc and can be called a mini-whale. And also there are dolphins as well. But those group of person who holds around 10000 or more can be definitely called a whaler. And I think early adopters of bitcoin has literally thousands of btc as well so they can categorically can be called as whale as well.

this is the most consistent answer among those,whaler must have 10,000 bitcoin to be categorized..this users manipulating the market so the pumps and dumps happens.they are the responsible of what is happening in this community.

[JioMoney]

whale is some one who has lot of financial power to manipulate the prices of altcoins specially where volumes are less. Anyhow whales fight each other also....

[nightways]

A whale is like God for the unsophisticated trader. A guy nobody has ever seen but must surely be responsible for all my losses.
 

Hahahaha yes he may be responsible for everything that can happen to you in this world of crypto. Whales are basically the traders like others, but they got some serious nerve over mining, and thus they got plenty of bitcoins under their control, like they bought them. This much bigger number of bitcoins for one trader, this will enhance the chances for them to control the market price of bitcoins.

[MiXxe]

A whale is like God for the unsophisticated trader. A guy nobody has ever seen but must surely be responsible for all my losses.
 

Hahahaha yes he may be responsible for everything that can happen to you in this world of crypto. Whales are basically the traders like others, but they got some serious nerve over mining, and thus they got plenty of bitcoins under their control, like they bought them. This much bigger number of bitcoins for one trader, this will enhance the chances for them to control the market price of bitcoins.

He's not actually but you  the trader itself because you are responsible for your money and you're the one that spend your money on trading. Whales is just another trader or our opponent in this crypto. The control depends on circulation and its co whales with his group.

[alisaadat60]

Whale is a person who have enough crypto to manipulate market.
I don't know how much crypto do you need to become a whale but it may be more than one thousand btc.

[crypt0heaven]

A whale is someone with a shitload of money.

You can start anywhere from 1.000 BTC upward. But to be hoenst a real whale will have 5-6 figures of BTC.

[imadmirer]

A whale is a reference to the trader who causes massive fluctuation in the price of the BTC and changes the track of the market. Usually, a whale is someone who plays the 'pump and dump' phenomenon. A whale holds a large share of BTC, I would consider one capable of pumping at least 1000 BTC into the market. The whale will sell all the 1000 BTC at the smallest price in the market or a price smaller than the market price. When all start buying the coins, eventually the price of BTC will fall.

Now accompanying this fall, there are a lot of people who 'panic sell' their coins. They may require immediate fiat currency or that they may imagine the BTC market to crash. In such a scenario they sell and the value of BTC falls further low. At this new low, the whale, scoops up all the 1000 or more BTC and makes thousands of dollars profit.

Assume one BTC is worth a 10000$. If a whale sells 1000 BTC all at once, the price rapidly falls especially accompanied by panic selling. If the price falls to 8000$ or 7000$, the whale again now buys more than a 1000 BTC. Now for the 1000 BTC he recovered, he made a profit of 3000$ per BTC which is 3 Million Dollars profit in a very short span of time! That is indeed a whale that causes great apprehension among the fishes in the sea of Bitcoin market.

[Quidat]

A whale is like God for the unsophisticated trader. A guy nobody has ever seen but must surely be responsible for all my losses.
 

Hahahaha yes he may be responsible for everything that can happen to you in this world of crypto. Whales are basically the traders like others, but they got some serious nerve over mining, and thus they got plenty of bitcoins under their control, like they bought them. This much bigger number of bitcoins for one trader, this will enhance the chances for them to control the market price of bitcoins.

He's not actually but you  the trader itself because you are responsible for your money and you're the one that spend your money on trading. Whales is just another trader or our opponent in this crypto. The control depends on circulation and its co whales with his group.

In general speaking whale is those people who do have the capability or do have big funds to control or affect something since he do have the money to spend on. Either a single person or on a group which a whale can be described. Manipulating price or market can really be done with this big boys which is common since there are people who do have lots of bitcoins from their own stashes.

[UnderTHeCoin]

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

It's how people in here call big traders, these who manipulate the market.

[rarg]

With 100 btc i am sure can bee a whale  

Really? I am not quite sure about that. As far as I know, the term of "whale" has been connected to the big player of the market. How come one person that own 100BTC can dictate the market? Whales are the heavyweight players who can control the market and can manipulate price if they want.

[traderethereum]

Whale is a person who have enough crypto to manipulate market.
I don't know how much crypto do you need to become a whale but it may be more than one thousand btc.

I only know that a whale is a person that has much of balance in bitcoin and altcoin so he can move the price too low or too high and he can follow the price wherever the price wants to go. maybe more than one thousand of bitcoin is a big whale and I see in the market, there are too many people that have much of bitcoin.

[white.raiden]

From the definition of what I everybody have given, it just seem that every one of us can be referred to as whale. In a case where price is rising and threads encouraging people to buy more, the moment we move in that direction which then further increase the price of bitcoin, then we have all agreed to influence price and the same thing goes for when price of bitcoin is falling. For the fact that we all agree to pursue a particular decision with the objective to influence price, we are all whale.

[Oilacris]

Whale is a person who have enough crypto to manipulate market.
I don't know how much crypto do you need to become a whale but it may be more than one thousand btc.

I only know that a whale is a person that has much of balance in bitcoin and altcoin so he can move the price too low or too high and he can follow the price wherever the price wants to go. maybe more than one thousand of bitcoin is a big whale and I see in the market, there are too many people that have much of bitcoin.

Having thousands of bitcoins can be considered as a whales basing just on the current price of bitcoin even theres still even more who do hold up ten of thousands or even more.No one really knows on each person totally holds up lots of money. They can really go to the prices as they want either dump or pump on a certain coin and having that kind of money will really make directions as he pleases.

[Ryanpogi]

What is a whale? For my i know whale is a very large marine mammal with a streamlined hairless body, a horizontal tail fin, and a blowhole on top of the head for breathing

[Koalamite]

Now i know what is whale. I always heard to my friends that word.coz some of my friends called the other who have a high profit in crypto.now i know

[fredo123]

Whale is reffered to an individual or group of people that can manipulate the market using their massive crypto wealth, The prescence of whale can be seen when a token experienced an escalated price in a short time span and suddenly dies out as quick, it skyrocketed, The price surge may not have occured due to news or actual reason but due to the existence of whale, Once the price spikes reaches a desired level, They begin to dump by selling all their holdings.

[1C6fV5DtakfKANLJ8GUV7hCaA]

Whales are those who can move the market. People with 5000+ BTC or more are those considered whales. Man they are real big time.

[Copulative]

The favorable position for being a whale is you can control the market cost and play with it as often as possible and for turning into a whale you ought to have Flexible adjust to conceal some great exchanges on the coin you wanted particularly with bitcoins, And I don't know on what is the impediment of being a whales since to the extent I know the dependably victor on the exchange is those individuals who have tremendous pocket to exchange on.

[Borisb52]

The whale is the market participant who has more than 1000 bitcoins. If a market participant has a smaller number of bitcoins, then this is a dolphin. This is my personal classification and you can not agree with it.

[Pecun.io]

A whale has to be defined in relation to the trading environment.

On a small exchange, a person selling 3 BTC of a cryptocurrency can definetly be a whale.
On a huge exchange, it might have to be 300 BTC though...

What makes a whale is the possibillity of obvious price manipulation.