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Author Topic: Am I considered a whale if I trade with $10,000  (Read 444 times)
quickie69 (OP)
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March 22, 2018, 02:04:23 PM
 #1

Just wondering. Would I be considered whale  Huh
butcherme
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March 22, 2018, 02:07:21 PM
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Just wondering. Would I be considered whale  Huh

People consider whales to be someone who is holding a big bag of a certain coin. Maybe if you are holding a certain coin where the total supply is just small or not that big and you are holding a big part of it. Then, you can be considered a whale.
CryptoSpeck
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March 22, 2018, 02:10:58 PM
 #3

Depends on the volume a coin has. If the volume is for example below 1 million per 24h then you can call urself a whale, but lets say the volume is above 50 million then you are none.
cynical
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March 22, 2018, 02:14:20 PM
 #4

eh no if its bitcoin
you will be trading just over 1 bitcoin out of 16,933,437.
you would want to add on a few zero's to the bitcoin amount and a good few onto the $ amount.
What effect to you think 1 bitcoin can have on the market?
While I visited the Bittrex BTC/USDT order book https://bittrex.com/Market/Index?MarketName=USDT-BTC
I noticed an ask for 91 bitcoin and another for 11.

Other smaller coins and tokens would be different, but what would the point be in being a whale of a very minor coin?

to pick a middle ground, look at the top 20 coins, $10,000 doesnt mean that much in comparison to the circulating supply.

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March 22, 2018, 02:18:57 PM
 #5

Just wondering. Would I be considered whale  Huh
I think to be a whale you must have a lot of BTC, such as Kobayashi that has more than $ 3000000, then he is called a big whale.

but if you only trade with $ 10000, I think you cannot be called a whale.

Chaki
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March 22, 2018, 02:27:20 PM
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If you properly and consciously divide your money unto different coins then you are not of the whales in the Bitcoin ocean you are just a big fish trying to survive what you have.

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Elseye
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March 22, 2018, 02:38:23 PM
 #7

Just wondering. Would I be considered whale  Huh

People consider whales to be someone who is holding a big bag of a certain coin. Maybe if you are holding a certain coin where the total supply is just small or not that big and you are holding a big part of it. Then, you can be considered a whale.

Absolutely right response. Even if your belongings are appr. 10k dollars - you still can be a whale...but if you hold 1 btc or 15 eth - lol, of course no.

idex100
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March 22, 2018, 02:41:16 PM
 #8

I think the term 'whale ' is relative.If you trading with 10,000 on bitcoins,I wont not consider that whale buying or selling,but when you are on a small exchane and are trading in an altcoin with very little value and trade volume-maybe less than 50,000 in a day-then yur 10,000 can be considered a whale because you more or less dominate the trade.
idex100
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March 22, 2018, 02:46:27 PM
 #9

Generally speaking,you are not a whale.maybe a high volume day trader,again that depends on the coin you are trading on or the exchange.
kleinkrypto
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March 22, 2018, 02:50:31 PM
 #10

simple answer: NO
l4w
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March 22, 2018, 03:06:26 PM
 #11

I think it depends on the coin. When your trades are forming like 1% of the 24h volume of a coin I would consider yourself a whale. But with the more popular coins that's definitely not the case with 10 grand.
topesis
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March 22, 2018, 03:25:32 PM
 #12

Absolutely no, Why would you be considered a Whale because you have amount a little bit above 1BTC, A whale is a person who their buy or sell order can move the direction of the market. A $10K in most order is nothing expecially on big exchanges, if you are talking if some project with low cap it may move the price because most of them lack volume to help the price
DiceChain
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March 22, 2018, 05:16:47 PM
 #13

if the volum is low 24h. you are a whale. if you like volum 24h. About 100k or 1 million, you are just an ant Grin
anggriani
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March 22, 2018, 05:29:37 PM
 #14

Just wondering. Would I be considered whale  Huh
I am confused why are you so ambitious to be a whale?
Is it so important to you?

People will not care about this, you better focus to manage your assets.
How from $10000 could be $100k can even be 1 million dollars.
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March 22, 2018, 05:54:32 PM
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Just wondering. Would I be considered whale  Huh

You will be an Anchovy instead. Do you want to swim in the ocean Anchovy? I think this is difficult for you because whales and sharks are out there and Anchovy does not have a defence for them

Seriously a whale is a person having more than 1000 btc. If you trade in small cap altcoins 100 BTC will make you a whale.

beebee187
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March 22, 2018, 06:09:14 PM
 #16

I would say unless it is a really small coin with really low volume, you would not be considered a whale, as your trading would most likely not have any major impact on the price of the coin.

xenomorphe1
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March 22, 2018, 06:33:32 PM
 #17

You can become a whale if you buy 1000 WhaleCoin  Grin. You can be a real whale if you have 0.5% of a coin. It depends of the number of people having the coin.
Chuokie
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March 22, 2018, 06:56:45 PM
 #18

Well sort of, but I don't see any bad reason if you used that money to Altcoins since you have fund to spare not like us that we earn through hard work. You have right to to make it your budget to make it more bigger.
Mister1k
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March 22, 2018, 07:34:28 PM
 #19

Just wondering. Would I be considered whale  Huh

If you trade this much what is impact on the other places stupid. Like you people created a unwanted spam thread in this forum. We all finding the more trouble by the spammer here. I think this thread goes like a trashcan from now.
Hope you lock this thread before all this happen. There is nothing uses for this forum or the members.
platinov_and
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March 22, 2018, 07:57:50 PM
 #20

Just wondering. Would I be considered whale  Huh
I would not consider you a whale. but it all depends on the volume of the coin. if the coin has small turns then you are really a whale. if you look at the top 10 coin, then you're definitely not whale!

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