How to withstand whales?

[changcloy]

HODL is the single most effective and appropriate way of not feeding whales, but we also have to make a purchase. How wonderful if the plan is done simultaneously by all bitcoin users without exception, but it seems difficult to do because some of us are still many sell bitcoin even though the price is low.

I agree with you mate to resist whales the best thing we could do is to HODL but eventually we cannot control everyone to do that it is because there are people who easily get panic and sell their coins which they do not know that they are already feeding the whales also there some reasons why they sell it too like for example emergencies or our of budget but if we can prevent our selves to do that and unite to HODL bitcoin will probably go higher now.

[yoseph]

The best thing to do is HODL is not easy. It's hard to see our investment fall. Many people are losing in this game and it's just some people who believe that bitcoin can make a lot of money.

Some people just end up giving up even when it comes to holding their bitcoins because as soon as the currency starts to rise something happens and then it falls down again. And this has been an endless cycle. To get profits now you will have to buy low and immediately sell when it reaches a certain value while you recoup the profits in between.

[BountyX]

Hey guys, just found a mind-blowing article about whales and "skype trading".

A small group of about twenty over-the-counter (OTC) traders and clients including big investors, miners, payment processors and hedge funds, has reached a monthly trading volume worth billions of dollars. Instead of using an online exchange like Coinbase or Kraken, the participants close major deals chatting on Skype and settle them by sending fiat via bank wires and cryptocurrency directly to each others’ wallets.......

So in December, when common people sold houses and cars or took loans in the bank and bought bitcoin during its unprecedented growth, bankers quietly sold all the bitcoins out of the exchange at high prices, and this did not affect the exchange rate, but when not over-the-counter areas were over, they came to the stock exchanges and the remains of bitcoin were already sold on open exchanges, causing a price collapse.
If a whale wants to buy bitcoin for $ 500 million and go with this amount to the one of top 5 exchanges, such as Poloniex or Binance, he can in one trading session, push the rate one or two thousand dollars up, and that's exactly what he does not need.

What are your suggestions??? I think the only way is just HODL despite the fact of price collapse.

This is quite a quite obvious behavior for the really big whales, however I didn't think about that. What I wonder is how do they find each others to make these trades. You onviously don't place an ad on a newspaper "looking for other whales for OTC trades".

[hammo]

I suggest not withstand. Try to be with him. Understand what he try to do and do same. that's hard for me now a days. but when i realize how they move that's gonna be beautiful.

[AlexAtom]

The effective way to withstand whales is never make any quick decision when they dump the coins.
just let they dump, they want to buy back with the lower price if we follow to dump.

[dashcollector]

Unfortunately you cannot do Mich avoid whales but some precautions may help you. For instance, you should not consider weak coins which are often pumped by whales.

[zolfa]

hodl and buy is the solution when the market is bearish, I am more happy with the double strategy. I do not only buy bitcoin, but also I invest in every altcoin like Ripple, monero, NEO.

and this can withstand whales although only temporary. whales control the market and prices. so, I think that double strategy is the solution to make the whale silent.

[nazaididuan1]

These consortiums are always in control of the cryptocurrency market, and they cause price fluctuations by buying or selling them in large quantities!

They lose their money when they buy and sell! I think that as long as investors insist on holding their own cryptocurrency, everything they do is in vain!

[blackandred]

I agree with you, because the sale of bitcoin with high value will make the skeptical bitcoin value and unstable bitcoin value.
Finally, bitcoin confused should stay at which point.

and our attitude is holding or buy along with whales.

how to judge the whale to start buying . my strategy is to find the address of the whale's wallet and pay close attention to the direction of the coin inside .

[Kprawn]

"Circle traded OTC up to $4 billion a month over the past year, spokeswoman Jennifer Hanley said." - So they just keep

 on fu#king us over. 

" It can also be a way for whales to avoid making big waves or spooking the market by keeping their trades private." I call

Bullshit on this, because these people are using OTC to benefit their own hidden agendas. If they want to hurt the price and

not attract attention, they would just buy massive amounts of coins on OTC platforms and then dump them gradually on the

exchanges, when they want to manipulate the price. This explains why we have been seeing a steady decline in the price,

since last year. 

[Mr.Dick]

I do not thinkn there are good ways to wothstand whales 'cause you do not have the equivalent in btc. I mean if they want to drop prices they just push bhtc in mass to the market, what can we do? - nothing btc remains unregulated which is good in first place..

[KingScorpio]

Hey guys, just found a mind-blowing article about whales and "skype trading".

A small group of about twenty over-the-counter (OTC) traders and clients including big investors, miners, payment processors and hedge funds, has reached a monthly trading volume worth billions of dollars. Instead of using an online exchange like Coinbase or Kraken, the participants close major deals chatting on Skype and settle them by sending fiat via bank wires and cryptocurrency directly to each others’ wallets.......

So in December, when common people sold houses and cars or took loans in the bank and bought bitcoin during its unprecedented growth, bankers quietly sold all the bitcoins out of the exchange at high prices, and this did not affect the exchange rate, but when not over-the-counter areas were over, they came to the stock exchanges and the remains of bitcoin were already sold on open exchanges, causing a price collapse.
If a whale wants to buy bitcoin for $ 500 million and go with this amount to the one of top 5 exchanges, such as Poloniex or Binance, he can in one trading session, push the rate one or two thousand dollars up, and that's exactly what he does not need.

What are your suggestions??? I think the only way is just HODL despite the fact of price collapse.

jes they dont just do that they also influence the established and fancy cryptomedia to do so called "bull calls" thats when they have bought token and want to sell more expensive etc.

[b3llsf1l3s]

when whales were involved into certain market and coins, i think once you know it that they were there, you should avoid it or you just need to watch it.
to dangerous play with them, high fluctuations has been created to just make fast FOMO and Panic at the same time

[ladydark]

HODL would be the best option.But we could not expect newbies also to do the same as they get panic quickly and sell off their coins.Big whales could not manipulate bitcoin easily as altcoins not only due to its huge volume,but also due to the early investors who steadily HODL supporting bitcoin.

[pinoyden]

HODL would be the best option.But we could not expect newbies also to do the same as they get panic quickly and sell off their coins.

hodl is not only the best option when a whale attacks or start to manipulate the market. What if whales do buying tactic in order to increase the price of a certain coin?  Do you think hodling is still the best thing to do? of course not , we need to act fast by selling our coins immediately because whales manipulation are only temporary.

If newbies is your concern because they tend to panic sell.  Then let them panic sell. if the price can go down we can still use it as our advantage by buying the coins at a lower cost. We can then sell those coins after the market starts to recover again. As simple as that.

[Victorycoin]

HODL is the single most effective and appropriate way of not feeding whales, but we also have to make a purchase. How wonderful if the plan is done simultaneously by all bitcoin users without exception, but it seems difficult to do because some of us are still many sell bitcoin even though the price is low.

HODL is not particularly suitable for every trader because some are unable to muster the courage necessary to sit tight though price could be nose diving. To such persons, I would say instead of chasing shadows, trying futilely to hinder whales, best to align with their trend and make the most such opportunities offers.

[vanluan]

Being up in the mountains, and letting everyone else fight for data and speed. You’re slowing down while they’re speeding up. It’s counter-intuitive. But sometimes that’s where the edge is. Doing the opposite of everyone else, and taking the opportunity they’re leaving on the table.
READ MORE HERE: https://medium.com/luchini-in-the-air/a-simple-hack-for-startup-investors-953880eb69f0

[zap2per]

HODL is not particularly suitable for every trader because some are unable to muster the courage necessary to sit tight though price could be nose diving. To such persons, I would say instead of chasing shadows, trying futilely to hinder whales, best to align with their trend and make the most such opportunities offers.

It's easy to hodl when only a small % of your money is at stake.
Many got into crypto with most of their money, hoping to get it back soon with an interest.
Following the wales is probably best to do if you can't be one.

[Colt22]

Hey guys, just found a mind-blowing article about whales and "skype trading".

A small group of about twenty over-the-counter (OTC) traders and clients including big investors, miners, payment processors and hedge funds, has reached a monthly trading volume worth billions of dollars. Instead of using an online exchange like Coinbase or Kraken, the participants close major deals chatting on Skype and settle them by sending fiat via bank wires and cryptocurrency directly to each others’ wallets.......

So in December, when common people sold houses and cars or took loans in the bank and bought bitcoin during its unprecedented growth, bankers quietly sold all the bitcoins out of the exchange at high prices, and this did not affect the exchange rate, but when not over-the-counter areas were over, they came to the stock exchanges and the remains of bitcoin were already sold on open exchanges, causing a price collapse.
If a whale wants to buy bitcoin for $ 500 million and go with this amount to the one of top 5 exchanges, such as Poloniex or Binance, he can in one trading session, push the rate one or two thousand dollars up, and that's exactly what he does not need.

What are your suggestions??? I think the only way is just HODL despite the fact of price collapse.

Let them continue to trade like that as cash over the counter. One day they all will need to buy bitcoin and they will not find any seller among themselves so they will come to these exchanges and they will by from these exchanges at that time they will cause the price of bitcoin to rise. That time is not away from us and sooner they will be in less of supply as in limited market there always felt a decreased supply.

[Hirameki]

Still it cannot prove that not all whales are doing direct trading to each other. If whales need to push the price down they cannot do it just by selling or exchanging FIAT to each other. If Skype Transactions are there way to deal it is because they just want an exact amount or quantity of crytpocurrency they want to get in exchange of their money without influencing the market, but they will always base their trades on the current market value of the cryptocurrency, and they won't stray away far from it.

If you have read attentively the article and my comment, it was mentioned that if they want, a single whale could manipulate the price of centralized exchanges (where trade the majority) the way they want, that's not a problem at all for them.

It seems that one way to avoid whales is to patronized decentralized exchanged instead. Its just suspicous why centralized exchanges has the biggest factor that tells us the current price of crypto. I dont understand why people keep telling that they love decentralization while having the fact that most of them are patronizing centralized exchanges. Its just make no sense at all.