Am I considered a whale if I trade with $10,000

[pey]

You are just a little fish with $10.000  I think whale is someone who can affect the market, you should have at least $10M or such amount of money. I mean $10k is nothing.

[Tol9n]

Just wondering. Would I be considered whale 

It all depends on the coin and its volume, the whale is the one who almost single-handedly captured the coin and can itself influence it. Therefore, think yourself whether you are a whale.

[BTCLovingDude]

you may.

it will depend on the altcoin you are trading. right now $10,000 is going to give you 1.179BTC and with that amount you can affect the price of at least a hundred different altcoins, possibly more. these altcoins that i am talking about have small volumes since nobody trades them anymore so you can place big buy walls, manipulate the market and a lot of other tactics to pump and dump them.

but if you try to do anything in a bigger market your 1.179BTC will be nothing in something like litecoin for example because they have a much bigger market.

that is why it is becoming harder and harder to manipulate bitcoin because bitcoin is the only thing that is growing for real.

[Cnut237]

Just wondering. Would I be considered whale 

It depends entirely on the coin.
If you are trading $10k of bitcoin, you are definitely not a whale.
If you are trading $10k of a coin that only has $1 million market cap, then yes, you're a whale.

Big fish, small pond. Small fish, big pond. And yes I know that a whale is not a fish before anyone points it out:)

[CarltonWyatt]

People are playing with billions in crypto. I think a few million plus is enough to be considered a whale but there are different levels of wales so it goes deep

[Red-Apple]

Just wondering. Would I be considered whale 

It depends entirely on the coin.
If you are trading $10k of bitcoin, you are definitely not a whale.
If you are trading $10k of a coin that only has $1 million market cap, then yes, you're a whale.

Big fish, small pond. Small fish, big pond. And yes I know that a whale is not a fish before anyone points it out:)

yet another very good reason why Market Cap should not be used at all!

just because some altcoin has a lower market cap it doesn't mean it also has a lower volume. an altcoin with $1 million market cap may as well have such a packed orderbook that nobody can move. or have a huge volume and liquidity that $10k can do nothing about.
for example SMLY has a tiny market cap but the orderbooks are packed (last time i checked it on Cryptopia) and $10k is nothing in it.
or you can see KBR, it has $800k market cap but its volume has been $700,000 and $10k is nothing in this coin.
same with ACE with $400k MC and $600k volume

[JHED1221]

I think you can call yourself as a whale as long as you holidng big percentage of total supply

[bitcoinveda]

I don't think so because there are many people in the crypto world who is having more than 20 BTC with them. There are many whales who can manipulate the crypto market within the second, do you have the ability to manage them within second with your $10k?

[diamondpony]

$10k is nothing. Maybe $100k could be considered a whale but I thought whales were those with serious money - enough to manipulate the market. Probably $500K+

[leea-1334]

you may.

it will depend on the altcoin you are trading. right now $10,000 is going to give you 1.179BTC and with that amount you can affect the price of at least a hundred different altcoins, possibly more. these altcoins that i am talking about have small volumes since nobody trades them anymore so you can place big buy walls, manipulate the market and a lot of other tactics to pump and dump them.

but if you try to do anything in a bigger market your 1.179BTC will be nothing in something like litecoin for example because they have a much bigger market.

that is why it is becoming harder and harder to manipulate bitcoin because bitcoin is the only thing that is growing for real.

Exactly! You may never be called a Bitcoin whale (to even join the Bitcoin Club you should have 21 BTC, regardless of the amount) but if you look even on a big exchange like Bittrex, you see coins with daily trading volumes between 1 to 10 BTC. Even with 1 BTC you could trade back and forth several times a day and make the price go crazy.

Manipulation is real in altcoins, as you said.

[crypto1010]

Just wondering. Would I be considered whale 

I think this depends on which coin you trade with and the ratio of what you hold to the total supply.

Sometimes the term whale is used to refer to a person that has more coins than you so i guess others will consider you to be one others wont see you to be a whale.

[cakmabokgot]

Well I don't think so. Actually it can depend on the coin and exchange you are in.
If you are playing with BTC or ETH in any exchange you will be just a fish.
You can play with low cap coins in small exchanges, maybe you can be considered a whale. However those exchanges won't have any volume so you will have to wait days to sell and buy coins...

[contactmike1]

I know a lot of guys on this forum who own much more than 10 k $, and none of them is a whale. In terms of one shit coin you can be a whale with 10 k,  but total capitalisation should be super low

[MoonIsBlue]

Just wondering. Would I be considered whale 

No, thats pocket change to the real whales, try 1000-5000BTC or more.

[3DBrushes]

It depends on the exchange and coin which you are on. For example you are not even a small fish in binance with its coins. Don't worry! You could be a whale if you are on cryptopia exchange with some bullshit 1 Sat coins. Your $10000 would be more than daily trading volume.

[Bencus]

I'd say no, you are not a whale with $10k in a coin. Only in that case, if the coin has really low market cap. If so, you can consider yourself a whale at a coin which has a market cap around 10 million usd, but nothing close to the top 100.

[plurkstar]

You are not a whale , but a sardine if you trade with 10k.

[qazgroup]

I think whale in crypto world is defined as someone with more than 100 btc of investment, the amount you are posting makes nearly 1 btc, so you are very far away from being a whale.

[Beremat]

10000$ is really a good fund to invest and you totally can get big profit with this budget. But to become a whale, you have to invest in coins which have small marketcap. But i think that, the most important is getting profit not becoming a whale

[matthewoz101]

Just wondering. Would I be considered whale 

It depends on the coin. Let's say you have 1 bitcoin with that $10k. Or let's say you buy a low market coin under $100k. There's a big difference. Also depends on how much volume there is, some coins only have a couple BTC volume.