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

[bitllionaire]

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.

Yes people have a very very big capital and they are even investing a lot in the market. but in think that the concept of whale in the market was present in past but in current time we are not expecting that the whale can manipulate the bitcoin price any more. In fact the the bitcoin users are now increasing from time to time which is making it difficult for the big whale to manipulate the bitcoin price so easily.

[Mpamaegbu]

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 = 1000 – 5000 BTC

 

Shark = 500 – 1000 BTC

 

Dolphin = 100 – 500 BTC

 

Baby Dolphin = 50 – 100 BTC

 

Shrimp = 10 – 50 BTC

 

Sea Cucumber = 1 – 10 BTC

 

Plankton = less than 1 BTC  

This is a nice graphics to really put this thing in perspective. I read a similar stuff where the less than <1btc were referred to as Shrimps - Lol. It's all good. What matters is the vivid pictures both paint in one's mind's eye.

But you should edit each start to +1 where Shrimps becomes 11 - 50BTC, Baby Dolphin = 51 – 100 BTC, etc.

Whales. 

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

Now that you said it, I dutifully know where to direct my losses to! Thanks for the direction 

[jahn_quid]

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 = 1000 – 5000 BTC

 

Shark = 500 – 1000 BTC

 

Dolphin = 100 – 500 BTC

 

Baby Dolphin = 50 – 100 BTC

 

Shrimp = 10 – 50 BTC

 

Sea Cucumber = 1 – 10 BTC

 

Plankton = less than 1 BTC  

Glad to know where I stand in this ecosystem... 

[Tanya78]

Holders of large amounts of bitcoin are often known as whales. And they’re becoming a worry for investors. They can send prices plummeting by selling even a portion of their holdings. And those sales are more probable now that the cryptocurrency is up nearly twelvefold from the beginning of the year.
About 40 percent of bitcoin is held by perhaps 1,000 users; at current prices, each may want to sell about half of his or her holdings, says Aaron Brown, former managing director and head of financial markets research at AQR Capital Management. (Brown is a contributor to the Bloomberg Prophets online column.) What’s more, the whales can coordinate their moves or preview them to a select few. Many of the large owners have known one another for years and stuck by bitcoin through the early days when it was derided, and they can potentially band together to tank or prop up the market.

[tunapa]

Whales are individuals or institutions that possesses high amount of bitcoins that is worth billions. These people can cause a sudden increase or decrease in the price of any coin they move funds into or out of. They cause a great Change in the value of the cryptocurrency market cap when they move in or out of it.

[bettercrypto]

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 = 1000 – 5000 BTC

 

Shark = 500 – 1000 BTC

 

Dolphin = 100 – 500 BTC

 

Baby Dolphin = 50 – 100 BTC

 

Shrimp = 10 – 50 BTC

 

Sea Cucumber = 1 – 10 BTC

 

Plankton = less than 1 BTC  

I am laughing with your reply. But this is what I thought the arrangement of crypto traders. It is just like as caste system in our history. But unlike before, I treat those planktons as a middle class in our society since they have atleast thousands of satoshi. In my opinion, all of us can be a killer whale if we can roll our capital and 1 BTC is enough to become a multi-millionaire in cryptocurrency.

[Gwapoman]

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?

People that I considered whales are those people who bought huge amount of BITCOIN around 2009 to 2012...and for altcoins,those who bought huge amount plus additional bonuses on private presale..

check this site so you can have an idea what a REAL BITCOIN WHALEs have on their wallets..
https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

[bgaf]

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?

Well we can never really tell who these "whales" are but certainly they are rich people who can somehow manipulate the market. They buy large quantities of coins to pump up the market and at the same time can make the prices go down by dumping their holdings.

[birzh0]

people| organizations that has a lot of worth to make their trading (buying or selling) base to market. Trend makers

[jahn_quid]

Holders of large amounts of bitcoin are often known as whales. And they’re becoming a worry for investors. They can send prices plummeting by selling even a portion of their holdings. And those sales are more probable now that the cryptocurrency is up nearly twelvefold from the beginning of the year.
About 40 percent of bitcoin is held by perhaps 1,000 users; at current prices, each may want to sell about half of his or her holdings, says Aaron Brown, former managing director and head of financial markets research at AQR Capital Management. (Brown is a contributor to the Bloomberg Prophets online column.) What’s more, the whales can coordinate their moves or preview them to a select few. Many of the large owners have known one another for years and stuck by bitcoin through the early days when it was derided, and they can potentially band together to tank or prop up the market.

Other than appealing to "ethics" or "community," do you think there's anything that can be done to prevent collusion between these 1000 users? Or is that ultimately their right and this is the way the world turns?

[darewaller]

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.

Even in bitcoin, they really do not need much FOMO and FUD; they only use that as a factor to get some weak hands out of the market, or to get some greedy ones into the market which ever case it may be. There is always that period they accumulate after selling at the peak, and all the weak hands being tapped out which is usually their main target anyway in every market as well as traders with no knowledge of the market. They are the makers and they have huge position in every market which makes it easy for them.

[hisuka]

people| organizations that has a lot of worth to make their trading (buying or selling) base to market. Trend makers

Yes those who have really huge of funds to trade with and can manage finances. Whales are always existing that can manipulate the market.

[Slow death]

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 = 1000 – 5000 BTC

 

Shark = 500 – 1000 BTC

 

Dolphin = 100 – 500 BTC

 

Baby Dolphin = 50 – 100 BTC

 

Shrimp = 10 – 50 BTC

 

Sea Cucumber = 1 – 10 BTC

 

Plankton = less than 1 BTC  

 

I've never heard of it... does it really exist? well anyway, I did print screen so I did not forget it, it's going to be useful from now on.

Holders of large amounts of bitcoin are often known as whales. And they’re becoming a worry for investors. They can send prices plummeting by selling even a portion of their holdings. And those sales are more probable now that the cryptocurrency is up nearly twelvefold from the beginning of the year.
About 40 percent of bitcoin is held by perhaps 1,000 users; at current prices, each may want to sell about half of his or her holdings, says Aaron Brown, former managing director and head of financial markets research at AQR Capital Management. (Brown is a contributor to the Bloomberg Prophets online column.) What’s more, the whales can coordinate their moves or preview them to a select few. Many of the large owners have known one another for years and stuck by bitcoin through the early days when it was derided, and they can potentially band together to tank or prop up the market.

This is a big problem for altcoins. the big holders when they sell, the price down a lot

Other than appealing to "ethics" or "community," do you think there's anything that can be done to prevent collusion between these 1000 users? Or is that ultimately their right and this is the way the world turns?

they will not all sell at the same time, one and the other will be able to sell, with the passage of time we will not have many people holding many bitcoin capable manipulate the market drastically

[target]

I always thought whales are those who can manipulate the market buy pump and dump, if they just hold their BTC then I think we can't consider them whales.
But whatever I'm just a sea plankton hoping to board on a krill.

If they can manipulate price for their own benefit, do you think they too will eventually eat each other or are they also organized like they talk to each other and take turns?

[Hamphser]

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?

No one knows specially we are on cryptocurrency world where anything cant really be easily traced up on whose the one who do hold up huge sums of bitcoin or do have the money to put on. We might able to see wallets which do have big funds but we wont able to know whose the owner but ones things for sure they do heavily give effect if they would tend or decide to pump or manipulate a certain price of a coin they do like.

[bitcad4u]

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 = 1000 – 5000 BTC

 

Shark = 500 – 1000 BTC

 

Dolphin = 100 – 500 BTC

 

Baby Dolphin = 50 – 100 BTC

 

Shrimp = 10 – 50 BTC

 

Sea Cucumber = 1 – 10 BTC

 

Plankton = less than 1 BTC  

May be based on this Whales the price of bitcoin will vary.We know the price of bitcoin will vary based on the Buying and selling.If a person sell their 100-500 Btc at a time,it will surely affect the market and the price of bitcoin.Many people don't know about this and it will be the useful information.

[Itjoker]

Whales can be anyone. For example, banks, very rich people, syndicates of the business people and banks, the state in the end. Everyone wants to make money, but with big money and manipulating the market this is much easier.

[Wonder_woman]

Whales are those people, group, organization, business, or an individual who owns big amount of bitcoin which can manipulate the market price of a certain crypto. Their activity mostly is to trade which they can pump the price of a crypto when they buy at low price and then dump it when the price of crypto is high enough. As a simple trader, I hate whales because they can easily manipulate the price of a certain crypto and it is hard to go with their flow.

[coinwizard_]

There are going to be more whales in this industry as there is stronger interest from large investment companies looking to get bitcoin gains in the near future. The market is too big to ignore, they just need to recruit the right people.

[coinplus]

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.

Apparently, you cannot be called a whale if you are not wealthy, because what you are doing normally is to use that wealth to amass more wealth by controlling the movement of the market at any point in time. Traders are more like subject to whales and every other smaller investor to their own fate based on how they perceive the future of the market.

Nevertheless, it is something that we cannot run away from in any market considering there would always be those who have a lot to drive the market they hold huge position in and that is what makes them the big fish and we the normal traders and smaller investors the mackerels.