Bitcoin Whales have accumulated thousands of coins in last 2 months

[squatz1]

Source: https://news.bitcoin.com/bitcoin-whales-have-accumulated-thousands-of-coins-in-the-last-2-months/ Source on bitcoin rich list (https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html)

Top 100 whales have accumulated 151,405 BTC since Dec 17th. 2018. Smaller holders (those who have 100-1000 BTC) seem to have given a large amount of BTC to the larger wallets.

Now I don't know if this is due to people selling on exchanges, or simply leaving their money on exchanges. Though it does seem like it's pretty big news (if true) and whales are simply accumulating during this down time.

I'd like to see what people think about this!

[jvdp]

Source: https://news.bitcoin.com/bitcoin-whales-have-accumulated-thousands-of-coins-in-the-last-2-months/ Source on bitcoin rich list (https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html)

Top 100 whales have accumulated 151,405 BTC since Dec 17th. 2018. Smaller holders (those who have 100-1000 BTC) seem to have given a large amount of BTC to the larger wallets.

Now I don't know if this is due to people selling on exchanges, or simply leaving their money on exchanges. Though it does seem like it's pretty big news (if true) and whales are simply accumulating during this down time.

I'd like to see what people think about this!

Market manipulation is depends on huge whales so we just hold our crypto is the right choice. But day traders are really happy to see this market because those are buying Bitcoin in this moment, surely it make profit in future and many peoples slowly aware in crypto technology so mass adoption is possible on upcoming years.

[tweetbit]

Whales are totally hungry for more bitcoin mostly in time when prices dropped while newbies are in panic mode. Noobs complain then sell with anger and very opposite to what other big player does. Relaxing and buying more as chances at this lower price of bitcoin only come rarely now than before. Better market manipulation will soon start and we must keep up to it or we will be left behind empty handed.

[jseverson]

Now I don't know if this is due to people selling on exchanges, or simply leaving their money on exchanges. Though it does seem like it's pretty big news (if true) and whales are simply accumulating during this down time.

I wouldn't even call it news at this point. I mean, the narrative that whales make prices drop to make the weak hands sell only to buy back in again has been widespread for as long as I can remember. The manipulation part doesn't even need to be true; these guys have been amassing coins for a long time and those coins have to come from somewhere.

I guess it is pretty interesting to actually watch it unfold though. We could also take this opportunity to maybe act like baby dolphins lol.

[n0ne]

The market gets impacted when such scenario takes place, and the same gets reversal in some time period. No one knows how long will this take place for such a reversal. By that time the market will progress further, upon the same it is better to have patience than ourself reacting to the market helping further manipulate the market as each and every move starting small investor makes a difference.

[Kakmakr]

Why does this come as a surprise to many people? A Bitcoin whale needs to constantly acquire more coins to give them the opportunity to have a bigger impact on the price, when they want to manipulate the price.

I would have thought that they would amass more Fiat currency to trigger a hype cycle for the next Bull run, but they see more value in buying more coins from trigger happy newbies that are panicking with every small dump.

I guess it is better timing, when you buy cheaper at the bottom end of the price cycle. 

[traderethereum]

I am not surprised to see the whales can accumulate 151,405 BTC because they have large money and in 2017, they can be booked a huge profit from bitcoin only, and it's not from altcoin. Then they wait for the right time to buy as much btc as they can, and it's happening in the last year until now.

Imagine if they have more than $100k in fiat, and since the last year, the price is less than $10k, how much bitcoin they can buy? Besides that, they can also trade the bitcoin to usdt, and I am sure they made another profit which they can use to buy more bitcoin.
So while they have money now, they think that they should buy more bitcoin and if they price can increase in this year, they will make more and more profit.

[NeuroticFish]

Many will tell they are not surprised by this move. And they're right.
However, many will be shocked (again) at the middle of the next market cycle how it's possible that some whales can cash in such big amounts of Bitcoin.
Yeah, history is repeating. And repeating. And so on..

[peonminer]

Source: https://news.bitcoin.com/bitcoin-whales-have-accumulated-thousands-of-coins-in-the-last-2-months/ Source on bitcoin rich list (https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html)

Top 100 whales have accumulated 151,405 BTC since Dec 17th. 2018. Smaller holders (those who have 100-1000 BTC) seem to have given a large amount of BTC to the larger wallets.

Now I don't know if this is due to people selling on exchanges, or simply leaving their money on exchanges. Though it does seem like it's pretty big news (if true) and whales are simply accumulating during this down time.

I'd like to see what people think about this!

Of course whales are accumulating right now!!! It's the mega pump coming. Smaller holders 100 or under can't or dont want to afford holding every single bit so yes they are buying, selling, and transacting with bitcoin right now while the whales just let their trading algos accumulate so they can put up huge buy walls. That's what makes it pump along with the news. If you watch the canyons you will see the HUGE buy orders placed deep in the order book. Wait for the whales to make the sideways cycle accumulation get to a point that everyone is wanting to sell to them cheap. Then we will pump.

[1Referee]

It's safe to say that traders/investors have seen their stacks at least double after the 2017 high, and it makes sense. It has been happening for years where after every bull run, the correction is utilized to amass more Bitcoins. Big pockets become even bigger with how they are being fed coins by noobies and get rich quick panic sellers.

The biggest losers so far are the crypto related funds, where most of them had to unload everything and just exit the market entirely.

[elda34b]

Yeah, history is repeating. And repeating. And so on..

Pretty much. The rich get richer.

Not surprising for me, have been hearing the same narrative for months now, and I do believe part of it is true (they're buying the dip).

[NeuroticFish]

The rich get richer.

Not surprising for me, have been hearing the same narrative for months now, and I do believe part of it is true (they're buying the dip).

It's simple. They do "afford to lose". They do afford to wait and sell only when they're on profit.
They have people good at trading and even if by tough chance they lose in one place, they cut loses early and they earn from another asset to cover the loses.
It's easy to diversify and do the things right when you're so rich you should simply stay away and do something else (enjoy life on Earth, make a "city break" on Mars, whatever..)

[dothebeats]

This should have been the normal scenario after 2017 highs and the crash of 2018. Players would be looking into increasing their assets in a considerable amount so as to make the most out of the bear market. At this point in time, many would have already reached the thousand-BTC mark and are now making moves in the market signifying that they are still around and bitcoin is not a dead asset. Whales do need a lot of fiat and bitcoin at hand in order to be a force to be reckoned with, and that's what they're doing right now, filling their pockets while everyone is doubting bitcoin.

[TheUltraElite]

Pretty much. The rich get richer.

Wasnt crypto supposed to turn the tables?

Nah thats not happening because people even though they are optimistic about bitcoin - the real money makers are the ones who already have money in their hands and know where they should put their green tasty fiat into for future moons. They know unlike shitcoiners that bagging bitcoin when prices are low is what is needed to turn the tables and not hodling and shorting when you can even for a 1$ change in price.

Not surprising for me, have been hearing the same narrative for months now, and I do believe part of it is true (they're buying the dip).

They always buy the dip. Problem is rest of small caps traders fail to do so or are not willing to. After a few months though they will be same people complaining that they didnt buy the dip and regret it during uptrend. It sure must suck to be one of them.

[hugeblack]

The impact of the price is not limited to having a lot of currencies, "Big whales" but just getting a lot of trading volume makes you a speculator on prices.
Let's look at what happens when some platforms add or remove new cryptos "like what happens with Binance and Coinbase."
It's almost like being like a bank.
When the bank decides to buy a property or a benefit, all the regions near it are increasing and so on.

[bittraffic]

Its not surprising they get richer everytime there is a massive dump of coins. They'd be panic buy too when suddenly big finacne firms comes in and become whale because its a threat to thier existence. If lets say those floor traders in FOREX market suddenly starts collecting BTC in crypto market, these we called whales today are going to feel how it is to be a noob.

[0t3p0t]

Source: https://news.bitcoin.com/bitcoin-whales-have-accumulated-thousands-of-coins-in-the-last-2-months/ Source on bitcoin rich list (https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html)

Top 100 whales have accumulated 151,405 BTC since Dec 17th. 2018. Smaller holders (those who have 100-1000 BTC) seem to have given a large amount of BTC to the larger wallets.

Now I don't know if this is due to people selling on exchanges, or simply leaving their money on exchanges. Though it does seem like it's pretty big news (if true) and whales are simply accumulating during this down time.

I'd like to see what people think about this!

This is clearly because of the fact that they might see Bitcoin in the next few months or years to be great again. Whales makes the market flow become profitable and alive. Whales might think of the possible huge return when market turns green after a sudden crash. Hodler's and investors arround the world also hoard as their long term investment for future purposes. Good for those who can afford to buy some as they grab the opportunity to buy while Bitcoin is cheaper than the price of the year 2017.

[jseverson]

Pretty much. The rich get richer.

Wasnt crypto supposed to turn the tables?

Well it was supposed to level the playing field. That's still true, in a way, because Bitcoin as a system doesn't discriminate against whales or small holders. It allows everyone the same opportunities and freedoms -- you can do everything a rich guy can, but chances are, they can still do it better.

At the end of the day, Bitcoin encourages free market, which people with more resources thrive on. If you try to punish people with more resources than you, then it stops being a free market and the system stops standing for freedom. People may think scenarios like this are unfair, but they can do exactly the same things whales do. It just becomes a question of scale.

[Zadicar]

I'd like to see what people think about this!

We are always telling or saying this word "Buy on the dip" or "Buy when others are fearful" or "Accumulate when theres blood on the streets" and this is what
these whales are doing and it isnt really a surprising thing. They do make money on their own ways since they do have the capability on accumulating large chunks
of coins.When the market tends to reverse then it would be an another easy money for them.

[ToyotaFortuner]

Its not surprising they get richer everytime there is a massive dump of coins. They'd be panic buy too when suddenly big finacne firms comes in and become whale because its a threat to thier existence. If lets say those floor traders in FOREX market suddenly starts collecting BTC in crypto market, these we called whales today are going to feel how it is to be a noob.

when many traders from forex who switch to cryptocurrency it will increasingly make trading volume increase and the price will also be very expensive, but the most important thing is when that happens and when the price of bitcoin can succeed again like 2017, hopefully the whales can make the bitcoin price back go up.