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Author Topic: If a whale is buying Bitcoin then I too will buy Bitcoin.  (Read 1090 times)
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May 18, 2019, 01:28:55 PM
 #21

Let's go back to the timeline when OP posted this. The date was December 20, 2018 and the price of bitcoin by that time was $3,827. Where are we right now? okay bitcoin pumped up to $8400 and because of the sudden correction it is sustaining its position on $7,300.

If many of the people here had followed what OP said that he was buying during that time. Calculate on how much the potential profit you had made right now.

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michellee
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May 18, 2019, 03:21:53 PM
 #22

How do you know if the whale was buying bitcoin? You don't know about that, and the only chance for us is to buying bitcoin when it's down, and I think the whales will buy too. It's not about the whales buying bitcoin or not, but it's about us. If we want to buy bitcoin at a low price, then we don't need to wait for the whales or anyone else. Just place the order buy at a low price and enjoy the time to fill your order.

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OluwaTosin10
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May 18, 2019, 03:23:15 PM
 #23

If the whales are secretly buying up Bitcoin than I will buy Bitcoin at the current market rate. Even if it goes to 2500$. Gives me sum hope in the crypto space. Only if I find out they are buying through forums etc.

LOl
It is good to buy bitcoin when the whales are buying; but when happens when suddenly the whales dump without even telling you ?

You need to dyor and invest based on your conviction; that way you can have an exit
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May 18, 2019, 03:43:41 PM
 #24

very interesting. But be careful with big whales. chances are you will have to have the peak alone. Whale always disturbs the market
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May 18, 2019, 04:05:32 PM
 #25

following whale is like a trap, you don't know how it end, sometimes it will end with dump when you can't follow the time to sell too.
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May 18, 2019, 04:11:21 PM
 #26

following whale is like a trap, you don't know how it end, sometimes it will end with dump when you can't follow the time to sell too.

Yes you are very right
When we say the word whale; we mean group of people that can dump or pump certain tokens
So if you follow such trends blindly; it could be dangerous
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May 18, 2019, 04:14:32 PM
 #27

If the whales are secretly buying up Bitcoin than I will buy Bitcoin at the current market rate. Even if it goes to 2500$. Gives me sum hope in the crypto space. Only if I find out they are buying through forums etc.

And if you actually did as you stated in this post, I will need to pay you a visit cos you are in some big profit.. Wow.. If only I can kow when the whales are stocking up bitcoin.. Well, it's good to follow one's mind. I ignored my instincts when bitcoin fell, if not I would have been smiling very well now.. Lol
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May 18, 2019, 04:15:29 PM
 #28

very interesting. But be careful with big whales. chances are you will have to have the peak alone. Whale always disturbs the market
Naturally, when big whales disrupt the market because they have power, we can only see and be careful in taking action, so that we don't suffer losses when the pope moves, but that is not a threat for us to retreat, only as a sign that we must be careful.
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May 18, 2019, 06:47:54 PM
 #29

   Whale always disturbs the market

This maybe wrong.

I've read an article from cryptonews.com just last week stating that, "contrary to perceptions of volatility and pump-and-dump manipulation, the so-called bitcoin whales' influence on the market is more positive than negative. Their main function within markets has been to drive the price of BTC upwards.
A report from blockchain analysis firm Chainalysis, for instance, revealed that the 32 largest bitcoin wallets "traded against the herd, buying on price declines.
In fact, a 2017 research paper found that, even as far back as 2011, the largest traders were responsible more for upward movements in Bitcoin's price, rather than declines."  [https://cryptonews.com/exclusives/who-are-the-bitcoin-whales-and-what-are-they-good-for-3842.htm]

So you see, i guess we've all had a misconception on the role of the "whales" in the crypto market. I see them as individuals/institutions that has been involved in bitcoin since the very early stages when it was far removed from mainstream attention. And just like any other market participants, i do believe they would probably like to see Bitcoin/cryptocurrency rise in the future.




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May 18, 2019, 07:01:48 PM
 #30

How do you know if the whale was buying bitcoin? You don't know about that, and the only chance for us is to buying bitcoin when it's down, and I think the whales will buy too. It's not about the whales buying bitcoin or not, but it's about us. If we want to buy bitcoin at a low price, then we don't need to wait for the whales or anyone else. Just place the order buy at a low price and enjoy the time to fill your order.
Yes, it is true. You don't need to know who is pumping the price of bitcoin, whether it's a big whale or someone else. what is certain is as a bitcoin user or it can be between us. I always go with the flow and don't miss when there are good opportunities to buy.

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May 18, 2019, 07:09:06 PM
 #31

If the whales are secretly buying up Bitcoin than I will buy Bitcoin at the current market rate. Even if it goes to 2500$. Gives me sum hope in the crypto space. Only if I find out they are buying through forums etc.
yes that's probably the best way, but we have to know when it starts. don't be too sure that at that price the whales has started to buy. always see trading volume before buying. usually when whales will buy, the trading volume will increase suddenly.
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May 18, 2019, 08:00:46 PM
 #32

It will be a big mistake to follow the whales when they are buying and selling because they have the power to manipulate the market in their favor at anytime but you don't have that power so you might end up losing

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May 18, 2019, 08:03:06 PM
 #33

You know in a similar situation, I say that this is just a stereotype of thinking and no more. When purchasing any token, you should understand the risks that you take and, accordingly, analyze everything initially and then make such decisions.
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May 18, 2019, 08:03:46 PM
 #34

How can you find a whale? I have an idea, you can track biggest wallets and then follow their actions, but it is tricky, sometimes it is hard to realise if whale is selling btc or pumping alts or use margin trading
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May 18, 2019, 08:08:41 PM
 #35

If the whales are secretly buying up Bitcoin than I will buy Bitcoin at the current market rate. Even if it goes to 2500$. Gives me sum hope in the crypto space. Only if I find out they are buying through forums etc.

If whales has started to buying BTC, then you've already missed the opportunity. Sorry you've been late!

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May 18, 2019, 08:09:36 PM
 #36

You know in a similar situation, I say that this is just a stereotype of thinking and no more. When purchasing any token, you should understand the risks that you take and, accordingly, analyze everything initially and then make such decisions.

yes, people should think about the risk and rewards in their investments,
so, they will get a good profit if their predictions right, and cut their loss short, if the predictions going to wrong directions my friend

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May 18, 2019, 08:17:17 PM
 #37

Your idea is good but how many whales do you know, or how do you identify the whales? I will like to be associated with one cos honestly it will be very profitable. Had I known and bought with the whales some months ago, profit will be surplus by now.. Lol
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May 18, 2019, 08:19:48 PM
 #38

If the whales are secretly buying up Bitcoin than I will buy Bitcoin at the current market rate. Even if it goes to 2500$. Gives me sum hope in the crypto space. Only if I find out they are buying through forums etc.

If whales has started to buying BTC, then you've already missed the opportunity. Sorry you've been late!
Since whales will sure to buy huge amount that will make the price too high for those who considered their selves a not so whale. Do a earlier research so we can buy before whales buy.
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May 18, 2019, 08:23:36 PM
 #39

Whales are buying or not. Is it really important?

Bitcoin value will rise again. So just buy Bitcoin and wait!
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May 18, 2019, 08:25:20 PM
 #40

A whale buying bitcoin doesn't mean anything. Two whale buys, ten whale sells and that sinks the price.

No, you should only buy with your decision not how people acting, that will only deceive you.

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