Who are these so-called "whales' in the Cryptocurrency world?

[isidrorex]

They say they can manipulate the price of a certain cryptocurrency coin. So how do they do that and who/what are the most famous and richest whales in the cryptoccurency world?

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[Andrey123]

It can be banks, funds, billionaires, just people who saved thousands of their bitcoins bought several years ago.

This knowledge is absolutely useless, everyone knows that Karpeles stole thousands of coins from his stock exchange, but what has changed?
We know the names of people in Forbes, but we can not influence their decisions and actions.
Do not clog your head with this nonsense....

[hase0278]

So how do they do that?

They can move the markets by them simply buying and selling altcoins but in bitcoin's case they need FOMOs and FUDs to temporarily control it's price.

who/what are the most famous and richest whales in the cryptoccurency world?

What @Andrey123 said is right but not all of them are necessarily whales. Those who owns a lot of a certain call, may they be in the list or not can be considered a whale. Some of the well known whales that I know are Roger Ver, Sasha Ivanov(waves' founder), and Vitalik Buterin(ETH's co-founder).

[Jake2134]

There's alot of whales but all of what they have in common is very wealthy people that do crypto and can controll the market because of worth billions of btc they have.

[VitKoyn]

They say they can manipulate the price of a certain cryptocurrency coin. So how do they do that and who/what are the most famous and richest whales in the cryptoccurency world?

Whales or big investors can manipulate the price of cryptocurrency because they can buy large amount of specific coin supply, and cryptocurrencies with low trading volumes are the ones that can easily manipulated by whales, they can drive the price to go up and when small investors saw that the price are pumping they immediately wants to enter the market to ride the up trend and what whales will do is to dump the price of that coin by selling all their coins, leaving some of those small investors gaining nothing. And when the price went down, whales will just repeat what the process, re-buy, wait for the price to go up, then dump. This is extremely profitable strategy for whales.

[Jericka D Ranillo]

Whales is the people who have owned a large number of bitcoin, there are diffent name of a whales, depend on Bitcoin they have such blue whales if im not mistaken the richest whales and holding more btc. They have the capability to play in market just called pump and dump. If they want to pump the price of a certain coin its easy for them to buy and buy and after a while its easy to dump. Whales is have a biggest gain in trading, remeber more funds is equal to more profit

[LogitechMouse]

They say they can manipulate the price of a certain cryptocurrency coin.

Yes they can manipulate the price of a certain coin by just buying a huge amount of it. Law of supply and demand. Whales are rich people so they can do what they want in a coin.

So how do they do that

As I said in my first answer, they will choose a specific coin to buy then they buy in huge amounts making the price to spike then they will set a price and when that price has reached already, they will dump it into your face.

who/what are the most famous and richest whales in the cryptoccurency world?

Nobody can say any people who belong in this so-called "WHALES" because nobody knows them in specific. We only know them in general terms. Maybe they are bank owners, they are rich investors. One thing is for sure for me, they are rich people holding billions of $$ of money.

[audaciousbeing]

They say they can manipulate the price of a certain cryptocurrency coin. So how do they do that and who/what are the most famous and richest whales in the cryptoccurency world?

Since I joined the forum and gotten aware of the term 'Whales' of receiving the blame when there is a fall in price and receiving the praise when there is an increase in the price of bitcoin but what is surprising is that despite all of this,no one can say for sure who the Whales are and what they do it is then safe to say they only exist based on our believe but that is not to say they don't exist. Since its difficult to proof, we just assume that it doesn't just like the stock market with all the regulations and procedure, they deny the existence of insider trading but we all know its a myth that they all want us to believe.

But for other crypto currency coin with low capitalisation, various pump and dump group are the whales in this case. Imagine a group with like 100k members on Telegram focusing on a coin with $5 million capitalisation, you sure know that all that is needed is for 50,000 members to agree to a course of action and spend $100 each to achieve whatever objective they set for that coin.

[nara1892]

Whale is a big capital player in the world of cryptocurrency, they can 'manipulate' the price of a coin with their capital by buying much of coin. Then happen to pump or otherwise sells a lot of coins and finally there is a dump.

[Leonard2016]

They say they can manipulate the price of a certain cryptocurrency coin. So how do they do that and who/what are the most famous and richest whales in the cryptoccurency world?

Different types of traders :


Killer Whale = 5000 BTC or more

 

Whale = 1001 – 4999 BTC

 

Shark = 501 – 1000 BTC

 

Dolphin = 101 – 500 BTC

 

Baby Dolphin = 51 – 100 BTC

 

Shrimp = 11 – 50 BTC

 

Sea Cucumber = 1 – 10 BTC

 

Plankton = less than 1 BTC  

[gentlemand]

We'll never know but it does amaze me how rarely people name the exchanges themselves as whales. They're already swimming in money, have full access to balances and order books and there are no laws to stop them doing what they want.

I doubt gdax is up to anything but considering their history id be amazed if bitfinex doesn't carry out an hourly insider trade.

[marcbitcoins]

They say they can manipulate the price of a certain cryptocurrency coin. So how do they do that and who/what are the most famous and richest whales in the cryptoccurency world?

Big whales in investments are all anonymous in which they need to keep secret their identities so that their games will not be interrupted because the most important is not to become a famous whales but to earn huge money. I believed that Mt. Gox is one of the big whales in which after pumping the Bitcoin market they dump it but was revealed during the series of investigation after the ultimate dip and they are just make an alibi that they do the selling of Million of dollars of Bitcoin because the exchange was bankrupt.

[Pursuer]

a whale is basically another investor who has the following attributes:
- a big amount of money compared to the market he is in.
- a big influence on the market because of the knowledge he has.

the size of the money he has isn't just a big number, it is a number that is considered big compared to the market he is in. for example there are altcoins that you can become a whale in with less than $1000. and also having that large amount of money is not enough to be considered a whale you also have to know how to influence the market and when to do it.

[Rollkal]

Those who have large capital, and when they decide to trade any penny will greatly affect their prices. So people call them whales, they can manipulate the market. So they are getting richer, we are just small investors and clinging to whales.

[renes]

Whales are not the ones who have so many coins worth a lot but ones who have as many coins as to speculate or move the market. Even if you have such amount of coins, you should also know how to play.

[beerlover]

It can be banks, funds, billionaires, just people who saved thousands of their bitcoins bought several years ago.

This knowledge is absolutely useless, everyone knows that Karpeles stole thousands of coins from his stock exchange, but what has changed?
We know the names of people in Forbes, but we can not influence their decisions and actions.
Do not clog your head with this nonsense....

It does not even have to be bitcoin as it could be any market. Most whales look out to control market movement and could otherwise be called market makers due to their large position in that particular market and in that case they see it as a way to move the market based on the way people are going to perceive some level of support and resistance at points in time.

Since they hold large positions, they are always the ones making the huge profit at the end of it all, so I believe that no matter what the power to control is in their hands.

[klasik1980]

The term “whale” is frequently used to describe the big money Bitcoin players that show their hand in the Bitcoin market. The ocean as a metaphor for the market is apt, since one can then extend it to include the big fish and the small fish; sharks; rallies as feeding frenzies; waves as market moves; and so forth.

[ahmad21]

They say they can manipulate the price of a certain cryptocurrency coin. So how do they do that and who/what are the most famous and richest whales in the cryptoccurency world?

Whales are powerful investors. An individual is considered a whale when he is powerful enough to change the value of a coin in a gigantic amount. When you see an extreme and sudden jump on the chart of your coin, it is for sure that there are one or more whales together influencing the value. The whales collectively decide to affect the price of cryptocurrency. For example, five Bitcoin whales come together; they make a decision that they all sell their coins at the same second. This would cause a catastrophic fall, directly after selling their coins they rebuy them. At this point, with the profit they got from selling, they buy more at an incredibly low price. This will bring them more wealth than they already have

[RodeoX]

Whales. 

Whales are a way for unsophisticated traders to explain their losses.

[ItsZeroLimit]

They say they can manipulate the price of a certain cryptocurrency coin. So how do they do that and who/what are the most famous and richest whales in the cryptoccurency world?

The large players being referred to are institutions such as Hedge Funds and Bitcoin Investment Funds.

Pantera Capital
Bitcoins Reserve
Binary Financial
Coin Capital Partners
Falcon Global Capital
Fortress
Bitcoin Investment Trust
Global Advisors Bitcoin Investment Fund

And something around 1.000 people who keep 40% of all bitcoins/eth in their hands.

You can read about whales, for example here: https://www.ccn.com/bitcoin-whale/