Whales are out of control = $500 in ten minutes

[RawDog]

Time to do something about the few whales who keep cheating everyone out of their life savings. 

Let's do a fork and take anything over 10BTC away from those big addresses and redistribute it fairly to everyone.  It is ridiculous and totally ruining everything when one person has 1000s and can mess up the order book on a major exchange.  Where is the fairness in bitcoin? 

We have to end the whales who are out of control. 

[1714877044]

1714877044

[xvids]

And how do you plan to do that?
There is nothing that we could do it is their money they invested on it just like us.
The only difference is they have a huge amount while we don't.
It is up to us if we would let them manipulate us they could sell their BTC to drop the price but if we don't panic and buy those it would be their lost.

[Dreamchaser21]

Time to do something about the few whales who keep cheating everyone out of their life savings. 

Let's do a fork and take anything over 10BTC away from those big addresses and redistribute it fairly to everyone.  It is ridiculous and totally ruining everything when one person has 1000s and can mess up the order book on a major exchange.  Where is the fairness in bitcoin? 

We have to end the whales who are out of control. 

We care about our money of course but it can't be control because its their money and its their strategies on how to make more money. If you're a whale for sure you will do the same thing. They can buy and sell as long as they have the money, the small time investors must learn to hold or better to ride with the whales, this is the only way to outsmart the whales.

[sandra_x]

There is really not much anyone can do about it, Whales are present in all market and they determined the tide of market and also suffer the bigger loss when the market take a dive.Most average income earners miss out on bitcoin by calling it a scam, now it is with the rich and they are going to continue using it to better their lot.

[Astvile]

You know what we cant do a shit about those whales who are being out of control.Its their money its their investment its their own strategy to make money we cant do anything but to watch lose if we cant cope up on what they are doing.This is the risk you are taking when entering bitcoin you know there are controling whales everywhere not just on bitcoin so dont be upset about what they are doing with their own money

[Anonylz]

Unfortunately there is nothing anyone can do about this whales especially a non whale can't do shit, you just have to accept it, i can't even explain what happened to BTC yesterday, immediate btc touch 9k comes a bad wind that blew through the market and create a sudden drop, panic sellers took over, that was pure manipulation no doubt, but as usual people will keep buying and trading to gain back their loss, in crypto anything can happen

[Dingdongjl]

And how do you plan to do that?

I dont really know what this guy is thinking, at his rank he must have good knowledge in here but I can see that he is not.

I viewed his profile and see his trust summary with a "LONG HISTORY OF IGNORANT". Made my whole day  

[KingScorpio]

Time to do something about the few whales who keep cheating everyone out of their life savings. 

Let's do a fork and take anything over 10BTC away from those big addresses and redistribute it fairly to everyone.  It is ridiculous and totally ruining everything when one person has 1000s and can mess up the order book on a major exchange.  Where is the fairness in bitcoin? 

We have to end the whales who are out of control. 

lol so the whales simulate a bitcoin price hype by buying back their bitcoins after people have fomod out so they fomo back in?

as long as this community is being respected and trusted somehow it will continue to scam everyone same like the banksters do that.

[pushups44]

Time to do something about the few whales who keep cheating everyone out of their life savings. 

Let's do a fork and take anything over 10BTC away from those big addresses and redistribute it fairly to everyone.  It is ridiculous and totally ruining everything when one person has 1000s and can mess up the order book on a major exchange.  Where is the fairness in bitcoin? 

We have to end the whales who are out of control. 

You sound like that Congressman Sherman from California who wants to ban cryptocurrencies. If you had been buying bitcoin since you started posting here, you might have thousands of bitcoins just like these whales. Anyway, this is called the free market, and the whales will do as they please.

[Haunebu]

Wow. This is nothing new op. Its a regular thing which happens frequently in this extremely volatile market. For example, BTC fell by around $1000 recently thanks to 1 person who directly or indirectly manipulated the market.

BTC is not completely decentralized and it is centralized to an extent thanks to the miners and whales who can manipulate it whenever they want to which is the sole reason many institutional investors and governments are afraid of this market.

[Micerker]

We do not have enough power to control or stop activities done by whales. The market is always under the control of whales who have a lot of money, and they can control the market the way they want. We are the little Nemo fish that can't change the big seas, accept the fate, and change it the way you want.

[Jet Cash]

It isn't the crypto whales that are out of control, but the fiat central banks. It would be far better to reclaim the money they stole from us, and to redistribute that.

[rosezionjohn]

This is an open market mate. Why would you restrict or end someone else's strategy in trading? If you got rekt from the recent sell-off then that is your fault for joining the FOMO club

[Genemind]

Everyone can make firm decisions for their holdings and we can't control it. Some holders would really dump depending on their needs and their target goal.
Even whales are aiming to gain a good profit as well.
No one is in control of Bitcoin's volatility and we can't manipulate it.

[Johnzky]

And how do you plan to do that?
There is nothing that we could do it is their money they invested on it just like us.
The only difference is they have a huge amount while we don't.
It is up to us if we would let them manipulate us they could sell their BTC to drop the price but if we don't panic and buy those it would be their lost.

Maybe he has a good idea on how we can implemented this since he was eager about the ownership of other's even that he already knew that it was their money and nothing we can do about them
Not unless he can take those amount to ths owners without them knowing.or noticing, but if not then lets just do our part and let them do theirs

[xWolfx]

I don't agree with that at all. If they worked and/or knew exactly when to invest and believed in the technology(A lot of them) since practically the beginning and got a lot of coins out of it they deserve it.

Let them play their game. The real power of Bitcoin is in the future, not the present.

[Ailmand]

The changes depend on the supply and demand of Bitcoin. After all, investors are still the ones who will decide on how they will play the game of trading and investing. We all know that most holders are depending on the basic rule of trading which is to sell high and to buy low and that has a big impact on the market.

[veleten]

It isn't the crypto whales that are out of control, but the fiat central banks. It would be far better to reclaim the money they stole from us, and to redistribute that.

thumbs up for the idea
we are getting loved every day by the corporations and the governments and all we care about is to get 500$ from whales
they can and they do manipulate the price but this is the reality we are living in
besides how do you like the idea of forking and taking your coins , think you would not appreciate it

[indrakusumaindra]

And how do you plan to do that?
There is nothing that we could do it is their money they invested on it just like us.
The only difference is they have a huge amount while we don't.
It is up to us if we would let them manipulate us they could sell their BTC to drop the price but if we don't panic and buy those it would be their lost.

I do agree, there is no way to prevent someone to buy a lot of bitcoin and neither to prevent people to dump their coins. I do think this is what makes bitcoin unique, cause no one controls it and its the community and the market that decide the price.

[||bit]

Yesterday priced pumped 9000$ and dropped to 7950 in just an hour. But it is a volatile market as everyone knows and regular trade orders don't rule in here. For whales to earn Money, small investors should lose. And they can't make people panic or dump for 5-10$ change in crypto. So they are pulling this kind of moves.

If you believe in crypto and doesn't use margin trading you won't be affected a lot, you just hold.

[CryptoBry]

Time to do something about the few whales who keep cheating everyone out of their life savings. Let's do a fork and take anything over 10BTC away from those big addresses and redistribute it fairly to everyone.  It is ridiculous and totally ruining everything when one person has 1000s and can mess up the order book on a major exchange.  Where is the fairness in bitcoin?  We have to end the whales who are out of control. 

And I could not agree more. The time has come for a great cryptocurrency revolution by redistributing the wealth to the deserving but poor citizens of the global village. But before we do that and to avoid a big mess, let's all plan and agree first on how we should do it. My first suggestion is to rock the boat and stop all the bitcoin madness so we can have a total reset...meaning we should start all over again. This time around there will be no more 10,000 bitcoin just wasted on that two (was it not 4?) boxes of pizzas (sorry I forgot the flavor).

[RawDog]

I dont really know what this guy is thinking, at his rank he must have good knowledge in here but I can see that he is not.

thinking this:  We do a fork.  Anyone with more than 10 BTC - gets 10 BTC.  The extra is airdrop distributed to people who have nothing. 

After the fork - nobody has more than 10 BTC. 


Are you guys all stupid?  You don't understand how a fork works? 

How fair is it that one asshole spends 10,000 BTC on a pizza and now you have to spend the rest of your life working like a slave.  Seem reasonable to you? 

[samcrypto]

It isn't the crypto whales that are out of control, but the fiat central banks. It would be far better to reclaim the money they stole from us, and to redistribute that.

Can we start suing banks to bring back our money? Fiat money are more worst than cryptocurrency so many billionaires who tries to control us especially the banks and the government. $500 drop with bitcoin is normal,
So i don’t see whales moving negatively again. They can buy and sell, we can also do that any amount can do.

[Dapper]

Time to do something about the few whales who keep cheating everyone out of their life savings. 

Let's do a fork and take anything over 10BTC away from those big addresses and redistribute it fairly to everyone.  It is ridiculous and totally ruining everything when one person has 1000s and can mess up the order book on a major exchange.  Where is the fairness in bitcoin? 

We have to end the whales who are out of control. 

LOL.   And short non-athletes should be fairly redistributed in the NBA and NFL.   

[thunderbitz2717]

I know you know that you can't do anything about those whales. But, your ranting is quite good because I feel what you feel when suddenly trading strategies fail because of whale movements in the trading exchanges. However, those movement by whales can't be proven. Some would say that is normal. This the reality of bitcoin trading.

[kryptqnick]

Time to do something about the few whales who keep cheating everyone out of their life savings. 

Let's do a fork and take anything over 10BTC away from those big addresses and redistribute it fairly to everyone.  It is ridiculous and totally ruining everything when one person has 1000s and can mess up the order book on a major exchange.  Where is the fairness in bitcoin? 

We have to end the whales who are out of control. 

That does not sound good to me. For one, I don't think that whales are that big of a problem. They don't have enough money to have a major long-term impact on the market,  bitcoins are distributed over a large enough amount of people. Moreover, I believe that putting up with these things is a part of what the free market means. If we invade the privacy or big holders and basically rob them, we intervene in the natural process and do a rather bad thing. Finally, a fork is a risk of splitting Bitcoin and the community behind it once again. Plus, not all wallets are personal. What about cold wallets of exchanges or wallets where the money of some companies is kept? It would be harder to do serious crypto business with 10BTC being a limitation per wallet.

[pushups44]

I dont really know what this guy is thinking, at his rank he must have good knowledge in here but I can see that he is not.

thinking this:  We do a fork.  Anyone with more than 10 BTC - gets 10 BTC.  The extra is airdrop distributed to people who have nothing. 

After the fork - nobody has more than 10 BTC. 


Are you guys all stupid?  You don't understand how a fork works? 

How fair is it that one asshole spends 10,000 BTC on a pizza and now you have to spend the rest of your life working like a slave.  Seem reasonable to you? 

Well, no one is stopping you or anyone from forking. But I think the market is already saturated with bitcoin forks. You know, if you had been pro-bitcoin since you first registered here, you'd probably be able to retire by now. You then wouldn't need to worry about some type of blockchain reset event.

[squatter]

Time to do something about the few whales who keep cheating everyone out of their life savings. 

I'm an advocate of free markets, so I'd rather not.

Also, selling your property is now "cheating" people?

Let's do a fork and take anything over 10BTC away from those big addresses and redistribute it fairly to everyone. 

Right, because that's what Bitcoin is all about: redistribution of wealth. I guess I need to go re-read the whitepaper. I can't recall the part about stealing from the rich to give to the poor.

You realize that no one will invest in a currency that steals and redistributes wealth, right? Plus, everyone will just structure their holdings to <10 BTC per address.

[fortunecrypto]

Time to do something about the few whales who keep cheating everyone out of their life savings. 

Let's do a fork and take anything over 10BTC away from those big addresses and redistribute it fairly to everyone.  It is ridiculous and totally ruining everything when one person has 1000s and can mess up the order book on a major exchange.  Where is the fairness in bitcoin? 

We have to end the whales who are out of control. 

It's an open market, there's nothing we can do about that, we can't do a fork every time, there's a lot of forks already, every coin has their own whales, they are brave to invest everything they've had and they are making profit for a long time, I'm not defending them, but every kind of investing there's always whales.

[allthebitandbobs]

it the leverage trader getting reckt and it bitmex themselves doing the dumps and dumps to liquidate all then gamblers .Crypto Youtubers   the biggest cause of this telling people it easy money   .Any more then 5x leverage and your losing money in the long guaranteed

[davis196]

Time to do something about the few whales who keep cheating everyone out of their life savings. 

Let's do a fork and take anything over 10BTC away from those big addresses and redistribute it fairly to everyone.  It is ridiculous and totally ruining everything when one person has 1000s and can mess up the order book on a major exchange.  Where is the fairness in bitcoin? 

We have to end the whales who are out of control. 

Long live the communism.
Bitcoin isn't supposed to be "fair".
A fork can't redistribute the wealth,because bitcoin core will preserve it's value.

[felicita]

same game is on fiat only a few percent having much more money then the rest.
This is in every system the same but i hope  the btc whles are not the same as fiat whales..... XD


regards

[Adriano2010]

This is what they buy and trade and we can't do what you say. If someone buy let say 100 bitcoin when price was 1$ or under 2$ and hold until can't be considered a wallet when he buy, maybe now yes, but will be unfair to take bitcoin from address where is more than 10 bitcoin and to send to another people, and also a new problem occur, how will be distributed to people in %, will be sent to all address with 0 balance and with non 0 balance ?

[Crypto5060]

Time to do something about the few whales who keep cheating everyone out of their life savings. 

Let's do a fork and take anything over 10BTC away from those big addresses and redistribute it fairly to everyone.  It is ridiculous and totally ruining everything when one person has 1000s and can mess up the order book on a major exchange.  Where is the fairness in bitcoin? 

We have to end the whales who are out of control. 

One thing you should always bear in mind is Btc wasn't ever airdropped to anyone, anyone who has it today bought it with their money so there's no such thing as Bitcoin fairness it's people's investment.

[maldini]

yes I know, but we can't do that, bitcoin is not a system of government so we have no rights about the assets of the whales. As smart as you and I are a pope, I'm sure we will do the same, which is to have more btc. And in my opinion these popes are not greedy people but they are visionary geniuses, they believe that BTC is a financial future so they will continue to collect more. We can't do much because there is no limit for someone having a btc, this is a decentralized system.

[pixie85]

Rawdog is trolling again.

Let's redistribute, right? Let's bring back communism. We should be able to say something about those whales who bought cheap and are now packed with cheap coins. WE can't allow them to keep having fun at our expense.

Fortunately communism is gone in most of the world and we aren't going to take from the rich and give to the poor.

[Shenzou]

The problem with these bull runs is there is really no way that you can counter them, because its not like they got it from out of nowhere they have used their own money to buy and sell, and suggesting the fork that you are talking about comes from nothing and no one will agree on it, and by the way no whale could solo take the price down by 500$ like that, you could blame it on a group of people who were wait for the slightest price drop at the moment to just start selling.

[Global_Originalist]

If you want to kill a whale just throw a spear at it.

[DatKing]

I don't know that we can do something about crypto whales. They have made a big effect on Bitcoin price at least for a short time. These transactions could push Bitcoin to upper levels.

[stfN2128]

haha, bitcoin is about decentralization and no authority. now you wanna censor the " whales" /  guys who are longer in the game or whatever you wanna call it. basically the complete opposite to the current advantages of bitcoin. this is one of the worst idea i have heard lately...

[gabbie2010]

I don't know that we can do something about crypto whales. They have made a big effect on Bitcoin price at least for a short time. These transactions could push Bitcoin to upper levels.

This is a major obstacle militating against the price of bitcoin imagine the so-called "whales" in their comfort of their homes dictating the price of bitcoin selling a huge bitcoin will result into a price crash causing FUDs as well as newbies dumping massively the end results is price dropped.
I read a news article here about a Saudi Arabian prince seeking to buy 25% worth of total bitcoin obviously this is another whale whose entrant is to manipulate the market.

[Crypto5060]

I don't know that we can do something about crypto whales. They have made a big effect on Bitcoin price at least for a short time. These transactions could push Bitcoin to upper levels.

This is a major obstacle militating against the price of bitcoin imagine the so-called "whales" in their comfort of their homes dictating the price of bitcoin selling a huge bitcoin will result into a price crash causing FUDs as well as newbies dumping massively the end results is price dropped.
I read a news article here about a Saudi Arabian prince seeking to buy 25% worth of total bitcoin obviously this is another whale whose entrant is to manipulate the market.

The same whales keep buying it cheap and selling to top to newbie dumpers. Let's get wisdom from the recurrent market cycle sell when price jumps wait to buy back lower by so doing we're growing our portfolios.

[TahuDiniHari]

Whales from mainland Asia, now have a lot of holding bitcoin, they are very coordinated, and work together, even though they are different countries.

[Leh-Meh]

The changes depend on the supply and demand of Bitcoin. After all, investors are still the ones who will decide on how they will play the game of trading and investing. We all know that most holders are depending on the basic rule of trading which is to sell high and to buy low and that has a big impact on the market.

Last time I was here, there was a seller for 8000 bitcoins.

[fiulpro]

Well to be honest  that's how Bitcoins are , if you are investing in it and if you have been here for more than 2-3 years then you would actually know that this is the major reason that people attribute to , when they go from 0 to 10000 in days

I think it's beneficial in it's own way , you cannot stop bulls if you want to then you need to buy more than they already have you know.

That's the only way to regulate the market.
I think honestly it's no big deal that's just how it goes.

[philipma1957]

Time to do something about the few whales who keep cheating everyone out of their life savings. 

Let's do a fork and take anything over 10BTC away from those big addresses and redistribute it fairly to everyone.  It is ridiculous and totally ruining everything when one person has 1000s and can mess up the order book on a major exchange.  Where is the fairness in bitcoin? 

We have to end the whales who are out of control. 

Great  topic nice way to generate certain  opposition posts.

I dont really know what this guy is thinking, at his rank he must have good knowledge in here but I can see that he is not.

thinking this:  We do a fork.  Anyone with more than 10 BTC - gets 10 BTC.  The extra is airdrop distributed to people who have nothing. 

After the fork - nobody has more than 10 BTC. 


Are you guys all stupid?  You don't understand how a fork works? 

How fair is it that one asshole spends 10,000 BTC on a pizza and now you have to spend the rest of your life working like a slave.  Seem reasonable to you? 

 A brilliant followup post sure to get even more opposition posts.



The simple answer is there are about 17,735,000  coins so   your idea does not work  since  there are

10 numbers and 26 letters  that is 36  different choices  for each character in a btc address

so the address below could be 34 characters long  


1J dC 6X g3 aj T3 rg e3 Fg PN SY YF pm f5 3V bt je

so 36 x 36 =

1296 x 1296 x 1296 x 1296 x 1296 x 1296 x 1296 x 1296 x 1296 x 1296 x 1296 x 1296 x 1296 x 1296 x 1296 x 1296 x 1296 =

a really really really really big number  far bigger the 17,735,000 coins.

So if 12 guys hold 12,000,000 coins and 3,000,000 coins are lost and little guys have the rest of the coins.

then  they (whales) will simply divide  their coins into spare addresses.


Actually your idea does have 1 point  that could work. Dead or lost coins could be redistributed to the network.

How about an address over 13 years old with 10 coins gets multiple notices to break itself into smaller amount  or it is forfeited.
I know 13 year old coins do not exist at the moment.  But many wealth depositories have inactivity rules.

I would love to see this idea happen.  As it would recirculate lost coins.  It could be tweaked  but I think it could work.

To op thanks for your trolling efforts as I like my twist to your idea.

[BrewMaster]

it is easy to always blame whales for things you don't understand. the reality is that most of the times, they are not the reason for the things that are happening. for example in this particular case the $500+ rise and the fall afterwards was most probably a big bot freakout that is a normal thing whenever  the traders owning those bots don't expect a rise like that so they set some predefined orders to jump in when the price breaks out above their target.

[sngwinner]

It is sad some few individuals called whales can just do anything with the market. Everyone really wish this can be prevented but how???
To them, they are also making money just like any other here.

[squatter]

Actually your idea does have 1 point  that could work. Dead or lost coins could be redistributed to the network.

How about an address over 13 years old with 10 coins gets multiple notices to break itself into smaller amount  or it is forfeited.
I know 13 year old coins do not exist at the moment.  But many wealth depositories have inactivity rules.

I would love to see this idea happen.  As it would recirculate lost coins.  It could be tweaked  but I think it could work.

To op thanks for your trolling efforts as I like my twist to your idea.

This is a much more interesting proposition, although still incredibly contentious and unlikely to ever be implemented.

Enforcing the re-circulation of lost coins would make the supply even more predictable -- as impossible as that seems given the hard cap and transparent blockchain. Future generations wouldn't need to fear, for instance, the Satoshi coins suddenly being moved and sold at any time. Reintroducing those coins into the supply would rather be a predictable and transparent process.

Would you just gift the lost coins to miners? That adds some additional security to the protocol design by producing new honest mining incentives.

I don't ever see it happening for Bitcoin since it betrays the system's original rules/design, so users wouldn't support the fork. But I always liked this idea, particularly for privacy coin protocols where undetectable inflation can happen, like with Zcash. If it were implemented in the original protocol, I think it could be a good feature. Somebody should do it with an altcoin.

[timmydakolo2]

Time to do something about the few whales who keep cheating everyone out of their life savings. 

Let's do a fork and take anything over 10BTC away from those big addresses and redistribute it fairly to everyone.  It is ridiculous and totally ruining everything when one person has 1000s and can mess up the order book on a major exchange.  Where is the fairness in bitcoin? 

We have to end the whales who are out of control. 

I don't trade any market which whales have complete control over this will, is good to pick up this upcoming coin at a cheap price sell off when the price is at your own convince point to sell.

[chaoscoinz]

Time to do something about the few whales who keep cheating everyone out of their life savings.  

Let's do a fork and take anything over 10BTC away from those big addresses and redistribute it fairly to everyone.  It is ridiculous and totally ruining everything when one person has 1000s and can mess up the order book on a major exchange.  Where is the fairness in bitcoin?  
We have to end the whales who are out of control.  

I think the whales are the reason that the SEC has been hesitant to approve any of the Bitcoin ETF proposals made this year. The market is too easily manipulated hence the fake volume on the exchanges and market indexs

[Dapper]

It's funny and not just referring to the original troll post... but you'll see similar themes on other forums.    Many whales there are simply folks who got into the market a few years before you did.   Many of these people who have 7-9 digit net worth figures just happened to invest (whether on purpose or just on a whim) amounts in the range of $5-50k just 9-10 years ago.   Hardly stereotypical 'whales' of Wall Street sitting in mansions and petting an oversized cat.

[joseyphil82]

I wonder how you will do that when crypto is all about freedom of your money and privacy is the king here ,my private key my freedom ,don't put the blames on whales ,they are just the early adopters ,I bet you'd have pray been part of the early adopters too

[Crypto5060]

Time to do something about the few whales who keep cheating everyone out of their life savings. 

Let's do a fork and take anything over 10BTC away from those big addresses and redistribute it fairly to everyone.  It is ridiculous and totally ruining everything when one person has 1000s and can mess up the order book on a major exchange.  Where is the fairness in bitcoin? 

We have to end the whales who are out of control. 

Great  topic nice way to generate certain  opposition posts.

I dont really know what this guy is thinking, at his rank he must have good knowledge in here but I can see that he is not.

thinking this:  We do a fork.  Anyone with more than 10 BTC - gets 10 BTC.  The extra is airdrop distributed to people who have nothing. 

After the fork - nobody has more than 10 BTC. 


Are you guys all stupid?  You don't understand how a fork works? 

How fair is it that one asshole spends 10,000 BTC on a pizza and now you have to spend the rest of your life working like a slave.  Seem reasonable to you? 

 A brilliant followup post sure to get even more opposition posts.



The simple answer is there are about 17,735,000  coins so   your idea does not work  since  there are

10 numbers and 26 letters  that is 36  different choices  for each character in a btc address

so the address below could be 34 characters long  


1J dC 6X g3 aj T3 rg e3 Fg PN SY YF pm f5 3V bt je

so 36 x 36 =

1296 x 1296 x 1296 x 1296 x 1296 x 1296 x 1296 x 1296 x 1296 x 1296 x 1296 x 1296 x 1296 x 1296 x 1296 x 1296 x 1296 =

a really really really really big number  far bigger the 17,735,000 coins.

So if 12 guys hold 12,000,000 coins and 3,000,000 coins are lost and little guys have the rest of the coins.

then  they (whales) will simply divide  their coins into spare addresses.


Actually your idea does have 1 point  that could work. Dead or lost coins could be redistributed to the network.

How about an address over 13 years old with 10 coins gets multiple notices to break itself into smaller amount  or it is forfeited.
I know 13 year old coins do not exist at the moment.  But many wealth depositories have inactivity rules.

I would love to see this idea happen.  As it would recirculate lost coins.  It could be tweaked  but I think it could work.

To op thanks for your trolling efforts as I like my twist to your idea.

Don't you think that by redistribution it goes against the bitcoin protocol of decentralisation? Most times FOMO is a cause effect for sudden rise and fall not necessarily the whales. Let's not forget these guys invested their funds in Bitcoin years ago are there no laws against infringement on personal funds because this is what it's all about?

[philipma1957]

Time to do something about the few whales who keep cheating everyone out of their life savings. 

Let's do a fork and take anything over 10BTC away from those big addresses and redistribute it fairly to everyone.  It is ridiculous and totally ruining everything when one person has 1000s and can mess up the order book on a major exchange.  Where is the fairness in bitcoin? 

We have to end the whales who are out of control. 

Great  topic nice way to generate certain  opposition posts.

I dont really know what this guy is thinking, at his rank he must have good knowledge in here but I can see that he is not.

thinking this:  We do a fork.  Anyone with more than 10 BTC - gets 10 BTC.  The extra is airdrop distributed to people who have nothing. 

After the fork - nobody has more than 10 BTC. 


Are you guys all stupid?  You don't understand how a fork works? 

How fair is it that one asshole spends 10,000 BTC on a pizza and now you have to spend the rest of your life working like a slave.  Seem reasonable to you? 

 A brilliant followup post sure to get even more opposition posts.



The simple answer is there are about 17,735,000  coins so   your idea does not work  since  there are

10 numbers and 26 letters  that is 36  different choices  for each character in a btc address

so the address below could be 34 characters long  


1J dC 6X g3 aj T3 rg e3 Fg PN SY YF pm f5 3V bt je

so 36 x 36 =

1296 x 1296 x 1296 x 1296 x 1296 x 1296 x 1296 x 1296 x 1296 x 1296 x 1296 x 1296 x 1296 x 1296 x 1296 x 1296 x 1296 =

a really really really really big number  far bigger the 17,735,000 coins.

So if 12 guys hold 12,000,000 coins and 3,000,000 coins are lost and little guys have the rest of the coins.

then  they (whales) will simply divide  their coins into spare addresses.


Actually your idea does have 1 point  that could work. Dead or lost coins could be redistributed to the network.

How about an address over 13 years old with 10 coins gets multiple notices to break itself into smaller amount  or it is forfeited.
I know 13 year old coins do not exist at the moment.  But many wealth depositories have inactivity rules.

I would love to see this idea happen.  As it would recirculate lost coins.  It could be tweaked  but I think it could work.

To op thanks for your trolling efforts as I like my twist to your idea.

Don't you think that by redistribution it goes against the bitcoin protocol of decentralisation? Most times FOMO is a cause effect for sudden rise and fall not necessarily the whales. Let's not forget these guys invested their funds in Bitcoin years ago are there no laws against infringement on personal funds because this is what it's all about?

I think the op’s idea is essentially worthless other then it generated my idea and the general discussion of the thread.

My idea makes sense.  Whether you wait 13 or 15 or 20 years on the locked and untouched addresses is open to talk.  But the fact is we have more then 2,000,000 locked coins not touched since mined
And maybe another million in lost coins.

To say they will be forfeited due to a lack of activity seems like a good way to determine what the status of them really is.  Let’s say there is a 50 coin address from 2009 never touch and subject to forfeit of 5 coins a year for the next 10 years.

If it is a hold address and not lost the owner simply moves 0.1 btc out and then holds for 10 or 15 more years.

If the coins are not accessible  the that address drops 1/10 for ten years in a row.  This. Does not need to start until 2022 or 13 years from the mined coins

[Crypto5060]

Time to do something about the few whales who keep cheating everyone out of their life savings. 

Let's do a fork and take anything over 10BTC away from those big addresses and redistribute it fairly to everyone.  It is ridiculous and totally ruining everything when one person has 1000s and can mess up the order book on a major exchange.  Where is the fairness in bitcoin? 

We have to end the whales who are out of control. 

Great  topic nice way to generate certain  opposition posts.

I dont really know what this guy is thinking, at his rank he must have good knowledge in here but I can see that he is not.

thinking this:  We do a fork.  Anyone with more than 10 BTC - gets 10 BTC.  The extra is airdrop distributed to people who have nothing. 

After the fork - nobody has more than 10 BTC. 


Are you guys all stupid?  You don't understand how a fork works? 

How fair is it that one asshole spends 10,000 BTC on a pizza and now you have to spend the rest of your life working like a slave.  Seem reasonable to you? 

 A brilliant followup post sure to get even more opposition posts.



The simple answer is there are about 17,735,000  coins so   your idea does not work  since  there are

10 numbers and 26 letters  that is 36  different choices  for each character in a btc address

so the address below could be 34 characters long  


1J dC 6X g3 aj T3 rg e3 Fg PN SY YF pm f5 3V bt je

so 36 x 36 =

1296 x 1296 x 1296 x 1296 x 1296 x 1296 x 1296 x 1296 x 1296 x 1296 x 1296 x 1296 x 1296 x 1296 x 1296 x 1296 x 1296 =

a really really really really big number  far bigger the 17,735,000 coins.

So if 12 guys hold 12,000,000 coins and 3,000,000 coins are lost and little guys have the rest of the coins.

then  they (whales) will simply divide  their coins into spare addresses.


Actually your idea does have 1 point  that could work. Dead or lost coins could be redistributed to the network.

How about an address over 13 years old with 10 coins gets multiple notices to break itself into smaller amount  or it is forfeited.
I know 13 year old coins do not exist at the moment.  But many wealth depositories have inactivity rules.

I would love to see this idea happen.  As it would recirculate lost coins.  It could be tweaked  but I think it could work.

To op thanks for your trolling efforts as I like my twist to your idea.

Don't you think that by redistribution it goes against the bitcoin protocol of decentralisation? Most times FOMO is a cause effect for sudden rise and fall not necessarily the whales. Let's not forget these guys invested their funds in Bitcoin years ago are there no laws against infringement on personal funds because this is what it's all about?

I think the op’s idea is essentially worthless other then it generated my idea and the general discussion of the thread.

My idea makes sense.  Whether you wait 13 or 15 or 20 years on the locked and untouched addresses is open to talk.  But the fact is we have more then 2,000,000 locked coins not touched since mined
And maybe another million in lost coins.

To say they will be forfeited due to a lack of activity seems like a good way to determine what the status of them really is.  Let’s say there is a 50 coin address from 2009 never touch and subject to forfeit of 5 coins a year for the next 10 years.

If it is a hold address and not lost the owner simply moves 0.1 btc out and then holds for 10 or 15 more years.

If the coins are not accessible  the that address drops 1/10 for ten years in a row.  This. Does not need to start until 2022 or 13 years from the mined coins

If there's truly a a way of determining which wallets have lost its keys aside idle wallets of over 13-15yrs then we can say let the redistribution take effect. But since we can't really ascertain if a wallet key is lost or probably the owner is waiting for a really long term hodl in which case nothing can be done to the coins. Even if a redistribution is going to happen whom do you redistribute to and whom do you leave out?

[RodeoX]

The problem with most money systems is not that some are wealthy and others not, it is the unfairness of fiat systems. Bitcoin is mathematically, provably fair. If someone has a lot of bitcoin is is because they bought it. There is nothing unfair about that and the seller is not losing anything unless they foolishly sell at a loss.

So if you are upset by "whales" buying up all the bitcoin, consider that you could have done that. Consider that that no one can compel you to sell your coin, and that you set the price. It is completely fair. There is absolutely no path whatsoever to any commie redistribution of the wealth. You can create a fork or make a coin that keeps anyone from getting rich, but good luck with that.

[Vinalians]

For me, those whales are the major investors of bitcoin and we don't know what they've been through just to keep holding their bitcoins and other cryptocurrencies. They have the rights to do what ever they wanted. It will affect the market yes but in just a matter of time market will surely recover from it.
Opportunities that they wasted will surely be taken by the other people.

[vladimirhf]

Time to do something about the few whales who keep cheating everyone out of their life savings.  

Let's do a fork and take anything over 10BTC away from those big addresses and redistribute it fairly to everyone.  It is ridiculous and totally ruining everything when one person has 1000s and can mess up the order book on a major exchange.  Where is the fairness in bitcoin?  

We have to end the whales who are out of control.  

well, they call it "capitalism". it's not supposed to be fair, it's supposed to be profitable
many people in crypto don't want to change this, but they expect to be the plutocrats of the "new paradigm".

[Successmaniac4]

Last month, in May, we noticed a sharp drop and rise in the price of Bitcoin. Which lasted for less than 10 minutes. It was the whales that were manipulating the coin to attract more investors into the system.

[jak3]

There is any possible way that you can defeat a whale with your tiny balance then what's stopping others for doing it for you. Like newbies can easily counter professional traders with their tiny balance if that's possible. Just keep holding your balance or you can just follow the footstep of a weld to make more money don't get afraid from the market just enjoy it And also be careful.

[TimeTeller]

For me, those whales are the major investors of bitcoin and we don't know what they've been through just to keep holding their bitcoins and other cryptocurrencies. They have the rights to do what ever they wanted. It will affect the market yes but in just a matter of time market will surely recover from it.
Opportunities that they wasted will surely be taken by the other people.

You are totally right on this one.
It is none of our business what they will do with their BTC riches.
We can only hope that bitcoin will get stronger as time goes by.
Be grateful that people are continuously patronizing the btc market.
And I guess, there's no stopping such movement.

[Denton]

But we are not able to influence it. The thing is that we can only adapt to their actions and trying to make money on it.

[Cuk0ng_bitc0in]

whales are free to control the crypto market.  and we only follow market fluctuations. 
the whales have an important role to play in maintaining graph stability.  yes.  crypto market is unfair.  but we are also wrong.  because we are late to the world of BTC.

[Crypto5060]

The problem with most money systems is not that some are wealthy and others not, it is the unfairness of fiat systems. Bitcoin is mathematically, provably fair. If someone has a lot of bitcoin is is because they bought it. There is nothing unfair about that and the seller is not losing anything unless they foolishly sell at a loss.

So if you are upset by "whales" buying up all the bitcoin, consider that you could have done that. Consider that that no one can compel you to sell your coin, and that you set the price. It is completely fair. There is absolutely no path whatsoever to any commie redistribution of the wealth. You can create a fork or make a coin that keeps anyone from getting rich, but good luck with that.

This is right it's people's investment we're talking about here it wasn't printed or specially mined easier for some persons everyone who has Btc today invested their money in it. The most intriguing part is they believed in Btc, their faith was strong putting money in it as far back as they did.

[RawDog]

This is right it's people's investment we're talking about here it wasn't printed or specially mined

So you want to let them keep taking your money?  Useful idiot.  Whales are scamming you and ruining the system.  We need to bring back whale hunting.

[bhabygrim]

Whales are always out of control that is why we shouldn't expect things from them,
They could pump the price and dump it but they are also being cautious to what they do ,
They could easily affect the market and they could also lose a lot because of it.

[smyslov]

Time to do something about the few whales who keep cheating everyone out of their life savings. 

Let's do a fork and take anything over 10BTC away from those big addresses and redistribute it fairly to everyone.  It is ridiculous and totally ruining everything when one person has 1000s and can mess up the order book on a major exchange.  Where is the fairness in bitcoin? 

We have to end the whales who are out of control. 

It's a free market, every trading has it's own whales, even if we fork and take them away with that I don't think it will be resolved, there will be whales coming in because this is an open market, and why would you take their own shares, it's their money, it's like stealing from these people it's not fair.

[bitbunnny]

Whales are always out of control that is why we shouldn't expect things from them,
They could pump the price and dump it but they are also being cautious to what they do ,
They could easily affect the market and they could also lose a lot because of it.

It's interesting to see how whales are always blamed for every change in the market, especialy for negative one. Actually there is no solid proof for that and it's just one of presumptions because users can't find any other reasonable explanation. Personally I think they've been given too much power and influence  than they actually have in reality. Not everything related to Bitcoin price depends on whales.

[Roukawa]

Volatility is good, i actually love it. This is how most of us gain money, it's the movement of the price that is really making it attractive

[NeverSop]

whales are free to control the crypto market.  and we only follow market fluctuations. 
the whales have an important role to play in maintaining graph stability.  yes.  crypto market is unfair.  but we are also wrong.  because we are late to the world of BTC.

Even if you're not late, the fish will still maintain and swallow good bait if you can't create an alliance to fight back.  Whales move based on emotions from the flow of the market.  this always exists.

[Sharon121212]

The whales can have a very big effect on the price of bitcoin but still I don't think the are to be accused of any problems faced by bitcoin. The where so enthusiastic about bitcoin to the extent they have invested money and time( exception of those that got there illegal)
In coming years the number of whales would increase depending on the adoption of bitcoin by the general public

[zombi11]

Whales are always out of control that is why we shouldn't expect things from them,
They could pump the price and dump it but they are also being cautious to what they do ,
They could easily affect the market and they could also lose a lot because of it.

It's interesting to see how whales are always blamed for every change in the market, especialy for negative one. Actually there is no solid proof for that and it's just one of presumptions because users can't find any other reasonable explanation. Personally I think they've been given too much power and influence  than they actually have in reality. Not everything related to Bitcoin price depends on whales.

after 32k btc moved, price was down. what about that?
https://www.blockchain.com/btc/tx/b80bb4b492c534658e54a6dcd2c0157a5e666b9b12a2dda7538a78c9d4771117

[roosbit]

Time to do something about the few whales who keep cheating everyone out of their life savings. 

Are these the same whales that pump the same prices we always look at

Let's do a fork and take anything over 10BTC away from those big addresses and redistribute it fairly to everyone.

In a centralized ecosystem that would have been done but where we have no central power one needs to work hard besides this is sounding communist, you can't have what you haven't worked for.

  It is ridiculous and totally ruining everything when one person has 1000s and can mess up the order book on a major exchange.  Where is the fairness in bitcoin? 

On centralized exchanges this should be their responsibility to prevent such manipulations

We have to end the whales who are out of control. 

Agreed, but how do you get them

[Marry Finch]

This is a very dangerous proposition that should not even be attempted to implement. It is very dangerous to try to take something away in some and transfer it to others, since whales can simply leave this market and the cryptocurrency will be doomed. Without large investments in cryptocurrency, it will develop very slowly and unpredictably. Cryptocurrency price fluctuations are very attractive for traders, this is a feature of decentralized cryptocurrency.

[Mike Mayor]

There is any possible way that you can defeat a whale with your tiny balance then what's stopping others for doing it for you. Like newbies can easily counter professional traders with their tiny balance if that's possible. Just keep holding your balance or you can just follow the footstep of a weld to make more money don't get afraid from the market just enjoy it And also be careful.

Sort of like how together the ants can defeat the elephant? Image how it must feel so have so much crypto you can affect the market like that?

This is a very dangerous proposition that should not even be attempted to implement. It is very dangerous to try to take something away in some and transfer it to others, since whales can simply leave this market and the cryptocurrency will be doomed. Without large investments in cryptocurrency, it will develop very slowly and unpredictably. Cryptocurrency price fluctuations are very attractive for traders, this is a feature of decentralized cryptocurrency.

No it will be ok. It will basically just pass on to new users.

[Herbert2020]

There is any possible way that you can defeat a whale with your tiny balance then what's stopping others for doing it for you. Like newbies can easily counter professional traders with their tiny balance if that's possible. Just keep holding your balance or you can just follow the footstep of a weld to make more money don't get afraid from the market just enjoy it And also be careful.

Sort of like how together the ants can defeat the elephant? Image how it must feel so have so much crypto you can affect the market like that?

it is true but actually what he is describing is more like ants rolling over and waiting to see what wind brings them without making any efforts. because that is what "just holding" is!
the reality that can defeat whales and in general the manipulation is more market participants so that the order books on exchanges become more packed with orders (both buys and sells) so that the relative size of whales to the market shrinks.
relative size is like this: if you have 1BTC and selling it into the order book drops the price 30% then you are a whale (you can see this example in small altcoins) but if your 1BTC sell doesn't even fill the top buy order then you are not a whale. now if the top buy order and the next 100 are also big, having 10, 100, 1000BTC still wouldn't make you a whale. and that is what we want to have.

[Aldrinx00]

Well i don't think we can't do anything about it because that's why they are called whales they can manipulate the market anytime they want. Best thing for us to do is don't fall for it and just take advantage of their moves because we can also profit if we get in on the right time.

[EdvinZ]

But we are not able to influence it. The thing is that we can only adapt to their actions and trying to make money on it.

I agree with you. Whales have huge capital, unlike small investors. Small investor can not somehow affect the market, it is impossible. An ordinary trader can only try to predict the price and enter the trade.

[BeManga]

Time to do something about the few whales who keep cheating everyone out of their life savings. 

Let's do a fork and take anything over 10BTC away from those big addresses and redistribute it fairly to everyone.  It is ridiculous and totally ruining everything when one person has 1000s and can mess up the order book on a major exchange.  Where is the fairness in bitcoin? 

We have to end the whales who are out of control. 

well we cant do anything about its their money and investment
its the same with us we can sell or buy anytime they just do it with large amount

[Sithara007]

But we are not able to influence it. The thing is that we can only adapt to their actions and trying to make money on it.

I agree with you. Whales have huge capital, unlike small investors. Small investor can not somehow affect the market, it is impossible. An ordinary trader can only try to predict the price and enter the trade.

With a daily trading volume of $20 billion, I am not sure whether whales are able to manipulate the prices anymore. It would require hundreds of millions of USD in funds to be deposited across a large number of exchanges at the same time. 3-4 years back, it was possible, but not anymore. Even if the exchange rates could be somehow manipulated, the impact may not last for more than a few hours.

[RodeoX]

What seems to be asked is "How can we force some bitcoin users act in our interest instead of their own"?

Answer: You can't. That is what fair is all about. Nor can anyone take your money, they can only buy it with your permission. If you pay $5 for a bitcoin then sell it for $4... No one "stole" a dollar from you.

[Naginiya]

Yes.There are few bitcoin dumps in past week sometimes that amaze me.I thinks its panic sales,But the bull trend is not yet broken.Soon bitcoin will hit 10000$ rate and go further and further.If bitcoin break 10000$ barrier next will be 12000$ area.

[cryp24x]

We have to end the whales who are out of control. 

Well, I think the whales have all the right to do anything on their money, unless there is a rule or regulation that they somehow violated but still I haven't seen anything yet that would make us say that they are out of control but instead we may say that "they have the huge part of the control". As you urge us to end their "wrongdoings", I think that it is possible because if we unite, we somehow have the control to do that.

[Bes19]

We have no right to do that because it is their Money! I know whales has a big part on market manipulation and we can't do anything about it coz somehow they also help the market grow. Best thing to do, work smarter and harder and be a whale like them!

[Utuhikan]

In my opinion, indeed fraud is very widespread in crypto currencies. Many popes only want to destroy the market. They are very selfish playing unhealthy. They cheat. They cheated a lot of people and hacked and eventually destroyed the market. I hope we do the security procedures correctly in our wallets so we don't become victims of hacking. Besides that, we must be aware of the names of suspicious people playing in the exchange market.

[Crypto5060]

What seems to be asked is "How can we force some bitcoin users act in our interest instead of their own"?

Answer: You can't. That is what fair is all about. Nor can anyone take your money, they can only buy it with your permission. If you pay $5 for a bitcoin then sell it for $4... No one "stole" a dollar from you.

This is exactly how the whales keep accumulating while the small trader keeps losing money at each interval of minor dips.

[Sithara007]

In my opinion, indeed fraud is very widespread in crypto currencies. Many popes only want to destroy the market. They are very selfish playing unhealthy. They cheat. They cheated a lot of people and hacked and eventually destroyed the market. I hope we do the security procedures correctly in our wallets so we don't become victims of hacking. Besides that, we must be aware of the names of suspicious people playing in the exchange market.

Check my earlier post.

Such fraud is no longer possible with Bitcoin. Manipulation can be done only with the smaller altcoins, which have small market capitalization. And that too, only if they are being traded on a limited number of exchanges. But then, hacking is an entirely different subject. If you don't want your coins to be stolen by someone else, then please take the adequate security measures.

[bettercrypto]

In this market, whales are uncontrolable. They tend to resist or support with the trend line. We are lucky if we are part of them but most of the time they tend to reverse something. Whales can be controlled when they also manipulated by government. But as long as they exist many people will easily become poor and rich.

[atjiat]

In this market, whales are uncontrolable. They tend to resist or support with the trend line. We are lucky if we are part of them but most of the time they tend to reverse something. Whales can be controlled when they also manipulated by government. But as long as they exist many people will easily become poor and rich.

I fully support your words, because I believe that the market should begin to recover, but it seems that something interferes with it.  If we analyze what is happening, then we can definitely say in the affirmative that these are manipulations of large whales.  For the sake of their greedy ideas about profit, they want to kill the cryptocurrency market, since their actions affect the cryptocurrency, its pricing and the popularity of cryptocurrency in society.

[Nadziratel]

Time to do something about the few whales who keep cheating everyone out of their life savings. 

Let's do a fork and take anything over 10BTC away from those big addresses and redistribute it fairly to everyone.  It is ridiculous and totally ruining everything when one person has 1000s and can mess up the order book on a major exchange.  Where is the fairness in bitcoin? 

We have to end the whales who are out of control. 

So let's do this, and then continue to fool people by making up another fairy tale called decentralized?

I think we have seen enough fork! And we didn't see any benefits of these forks!

[kamudd]

Only those who have a lot of money to be able to take part in the pope and to be honest I'm not in that list so it will be very difficult for me to buy bitcoin, even if it's only 1 piece.

[mitchr4]

Bitcoin is known as anonymously, it is difficult to know who is the real whales who came to destroy the market. We can't do anything that only has a little bit of Bitcoin, I think the arrival of these Whales can be a good and a bad thing. Just follow the flow, at least Bitcoin is still valuable.

[b3llsf1l3s]

Time to do something about the few whales who keep cheating everyone out of their life savings. 

Let's do a fork and take anything over 10BTC away from those big addresses and redistribute it fairly to everyone.  It is ridiculous and totally ruining everything when one person has 1000s and can mess up the order book on a major exchange.  Where is the fairness in bitcoin? 

We have to end the whales who are out of control. 

This is what we call luck. Some of these whales are actually just lucky to be able to get the bitcoin at a cheaper price. whereas we only see how the results are now. From the beginning, bitcoin is there not all things cheap? then now that everyone is fighting over Bitcoin and the price goes up, you call them unfair? Their yearly time spend are worth for now.

[Danslip]

Time to do something about the few whales who keep cheating everyone out of their life savings. 

Let's do a fork and take anything over 10BTC away from those big addresses and redistribute it fairly to everyone.  It is ridiculous and totally ruining everything when one person has 1000s and can mess up the order book on a major exchange.  Where is the fairness in bitcoin? 

We have to end the whales who are out of control. 

It is not a good idea to fork a new version of BTC and distribute fairly to other network participants. BTC almost died more than a thousand times but till today then the only king is the BTC. Fair distribution smells like socialism to me and I never agree with such ideas, even in the rumours about re-org possibility after Binance hack.

[Crypto5060]

What seems to be asked is "How can we force some bitcoin users act in our interest instead of their own"?

Answer: You can't. That is what fair is all about. Nor can anyone take your money, they can only buy it with your permission. If you pay $5 for a bitcoin then sell it for $4... No one "stole" a dollar from you.

You answered correctly. No one can force anyone's wallet to be their or convert it to public use its peoples investment. Its just like asking how can you withdraw money from JPMorgan's bank account. Those are impossible things.

[Dapper]

It's the first couple million that are the hardest.    Increase your savings rate, lower the amount of sleep you take each night, and increase your diligence and make use of opportunites, and J H Christ, stop looking at what your neighbors (or early adopters) are driving or doing, and you might be a whale one day yourself.