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Author Topic: Bitcoin Whales questions?  (Read 596 times)
hacker1001101001
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November 30, 2017, 03:56:07 PM
 #21

I believe that it is variable to say that a person is whale or not. It depends a lot on the currency that the person intends to manipulate, for example a weak currency with little circulation and cheap a person with little money can easily manipulate its price upwards, that and what the whales do.
very_452001 (OP)
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December 05, 2017, 09:39:20 PM
 #22

I heard the FBI guys seized 140000 bitcoins from silk road takeover. Does that make them the biggest bitcoin whale?

What if FBI decided to sell them all in one go at the same time, what price you think bitcoin will crash to when that happens?
drachman
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December 07, 2017, 11:45:32 PM
 #23

Ok anyone over 1000 bitcoins is a whale yeah.

Makes them a multi millionaire I see.

Curious to know how many people own more than 1000 BTC each?

Those multi millionaires why are they not cashing at $10000 and become multi millionaires now? What are they waiting for  Huh

They want to earn even more money, will you sell now knowing the price may hit 25k or 30k in the near future, they may sell a part of their stash and enjoy the great life but they keep most of their coins that way you get to enjoy your riches and you have the possibility to earn even more if bitcoin keeps growing.

That's because anyone who is a real BTC whale knows that 10k BTC is just the beginning and not even close to what the price will be in the coming years. This is what happens when the supply is the way it is, scarce, and all these network effects going on at the same time. It's a whirlwind of good energy for BTC and it's network and we are seeing this with the price now.
I'm not a whale but I understand this as well, the price is very attractive at the moment but I'm not going to sell those that are day traders may think that is a mistake but I do not care I'm not going to risk making a mistake and losing all the future profits bitcoin is going to give to us.
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