Whales keep getting richer and richer while everybody else is losing...

[adaseb]

Noticed something interesting for the past week according to the Bitmex leadership board. For those of you who don't know Bitmex is the largest futures derivative exchange and has the most volume so most whales trade on their for good liquidity. For fun they have a leadership board located at,

https://www.bitmex.com/app/leaderboard

Looking at the board you can see anonymously who is in the top 25. There is also another website that analyzes this data which is located on Coinfarm,

https://coinfarm.online/rank/

And as far as you can see there are 25 spots there, about 9 are inactive traders, 1 trader had a small loss of -4.41 BTC (#7 rank) but the rest were all making amazing profits. Especially rank 2,3,9,16,25 which managed to earn at least > 100 BTC in the last 7 days alone.

Trading is zero sum, especially derivative trading and if you are a new trader you need to realise that before you over-leverage yourself and get liquidated you need to understand that there is some whale out there who might liquidate you and take your hard-earned BTC. So becareful out there.

My advice, only buy BTC on spot exchanges and never on margin or with leverage. Because if we get a new ATH somewhere in the future you will be left with no BTC to reap the benefits.

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[pant-79]

Trading futures is akin to gambling and the whales know this, they are basically like the high rollers in casinos but the difference is that with casinos, all the power lies with the casino owners and the gambers knows this, but with bitcoin futures trading, it's a bit different because manipulations are being done all the time and it wouldn't cost them much to start spreading false rumours that could take the market in any direction they want thereby stacking the odds in their favour, I believe that if bitcoin futures trading wasn't a thing, then we would see a much more stable growth for bitcoin free of most of the manipulations that occur daily.

[JeromeTash]

The truth is that When you have lots of BTC in your account. You are never tempted to go for higher leverages like x25, x50. All you have to do is go for x2 or x5 and keep scrapping your profits even with small movements while for traders with less money in their accounts, they usually get tempted to go for higher leverages leading to liquidations.

If you look at the list of the Top 25 Traders by Notional, I doubt anybody appears on the list of the Top 25 Traders by ROE. But the striking similarity of the account naming style in both lists worries a lot 

[exstasie]

Noticed something interesting for the past week according to the Bitmex leadership board. For those of you who don't know Bitmex is the largest futures derivative exchange and has the most volume so most whales trade on their for good liquidity. For fun they have a leadership board located at,

https://www.bitmex.com/app/leaderboard

Looking at the board you can see anonymously who is in the top 25. There is also another website that analyzes this data which is located on Coinfarm,

https://coinfarm.online/rank/

And as far as you can see there are 25 spots there, about 9 are inactive traders, 1 trader had a small loss of -4.41 BTC (#7 rank) but the rest were all making amazing profits. Especially rank 2,3,9,16,25 which managed to earn at least > 100 BTC in the last 7 days alone.

They aren't always making amazing profits, not at all. I've seen massive liquidations from top traders taking horrible trades.

There is this tendency as a retail trader to believe that whales move the markets to their whims and therefore always make money. That idea couldn't be more false. Lots of whales get chewed up and spit out by the market, and eventually they aren't whales anymore.

[adaseb]

There is another huge whale whois trading stats someone posted on the trollbox

Userinfo for "ssded" (irc:no):
First seen: 2018-05-18 14:55:01 UTC
Last seen: 2019-11-06 11:17:15 UTC
Posts: 1072
Posts avg.: 0.0832 posts per hour
Banned: 0 times
Last ban:
Positions posted: 132
Biggest positions posted:
ETHUSD: 986725 contracts
XBTU18: 959800 contracts
XBTU19: -1098275 contracts
XBTUSD: -10016335 contracts
Orders posted: 0
Biggest orders posted:
Pnls posted: 118
Biggest pnl posted: 733.2621
Smallest pnl posted: -152.277
Upnls posted: 137
Biggest upnl posted: 356.8425
Smallest upnl posted: -314.0137
Rpnls posted: 124
Biggest rpnl posted: 716.0108
Smallest rpnl posted: -7.472

The trader has an account for about 1.5 years and traded up to $10,000,000 contracts before. Looking at his PnL his largest winning was over 733 BTC. So this is another example of some whale who took those 733BTC from many smaller retail traders.

Looks like he was mostly short and basically could of just hedged his BTC, but either way those are some impressive stats.

[jhonjhon]

The truth is that When you have lots of BTC in your account. You are never tempted to go for higher leverages like x25, x50. All you have to do is go for x2 or x5 and keep scrapping your profits even with small movements while for traders with less money in their accounts, they usually get tempted to go for higher leverages leading to liquidations.

Those who have a lot of BTC on their account don't need to go for higher leverage because they have enough in their account already unlike those who have less balance on their account. Those who have higher balance are good at managing their assets by having small margin or leverage while those who are a bit struggling tend to risk almost everything without really thinking of the consequences. Risk is fine so long as you know when is the best time to risk something before you regret doing it.

[Twinkledoe]

The truth is that When you have lots of BTC in your account. You are never tempted to go for higher leverages like x25, x50. All you have to do is go for x2 or x5 and keep scrapping your profits even with small movements while for traders with less money in their accounts, they usually get tempted to go for higher leverages leading to liquidations.

Those who have a lot of BTC on their account don't need to go for higher leverage because they have enough in their account already unlike those who have less balance on their account. Those who have higher balance are good at managing their assets by having small margin or leverage while those who are a bit struggling tend to risk almost everything without really thinking of the consequences. Risk is fine so long as you know when is the best time to risk something before you regret doing it.

That's the difference of being a high player and low player in the market. For the player to earn more profit, they need to aim for high returns whereas those high players, they can easily get a good profit just by selling a small portion of their assets. A really unfortunate scenario in the trading market and we need to accept such reality.

[Cherylstar86]

The truth is that When you have lots of BTC in your account. You are never tempted to go for higher leverages like x25, x50. All you have to do is go for x2 or x5 and keep scrapping your profits even with small movements while for traders with less money in their accounts, they usually get tempted to go for higher leverages leading to liquidations.

Those who have a lot of BTC on their account don't need to go for higher leverage because they have enough in their account already unlike those who have less balance on their account. Those who have higher balance are good at managing their assets by having small margin or leverage while those who are a bit struggling tend to risk almost everything without really thinking of the consequences. Risk is fine so long as you know when is the best time to risk something before you regret doing it.

Being part here in crypto currency community we can't control on that situation since we try our luck here and try to risk our invested money. We all know that being part of here is not just easy as what think of many as we met some losses and different obstacles that we take as I believe it just a test and for sure someday I gonna be win something big reward in the end.

[nicolas1979]

They already have strategy, fund and knowledge to survive not richer than other. So far I know whales have financial circle to manage their strategy. Unfortunately we only have half and just first step not hole circle and this part should find before too late. Become everything is fine but like or not we will back to zero again, trust me.

[youdacapt]

whales have the ability to play with prices, ordinary traders can set long-term orders and use the smallest leverage, especially for futures options don't get stuck with hourly movements, only need to increase capital to increase the durability of futures, whales will more easily move quickly at one time, and we can defend ourselves from liquidation.

[gantez]

There is no point to worry about whale manipulating power. A smart trader is to observe the pattern and follow to benefit from it at sane time. The whaling power do shift , so is for one to aspire to get there but it needs a steady plan of accumulating by buying when the deep calls.

[Lanatsa]

There is no point to worry about whale manipulating power. A smart trader is to observe the pattern and follow to benefit from it at sane time. The whaling power do shift , so is for one to aspire to get there but it needs a steady plan of accumulating by buying when the deep calls.

This is true.Inspite on worrying about their advantages then why not use that thing for ourselves too? An indeed smart trader would know
to go along with the flow because its impossible for a good trader not to take advantage of that thing.The hardest part of this one is on to know
on when the market shifts out and this is some sort need of some luck for you to be profitable because if not then youre getting a bad entry specially
if you are doing short trades.

[NeuroticFish]

whales have the ability to play with prices

Even more, the whales afford to lose. This allows them do more risky gambles, which can pay much better too.
But it's also interesting that everybody wants to get profit and everybody blames the whales if they don't get that or it's smaller, forgetting that every penny of profit comes from other trader's pocket.

[Theb]

Not exactly..... if whales earn through influencing the prices why not follow them? You can't possibly know what they can do next but you can react to it rapidly once it had happen. Some call it "ride the wave" others call it "follow the trend" but both says the same thing and that is following the current movement of what is happening in the price chart. You might not have the same profit or returns as what the whales have but the trend is your friend and that is how you can maximize the profit in your trades and you can't even go against it in the first place.

[BitcoinTurk]

In a market such as crypto coins that do not yet have regulation or control, small investors will surely lose money while other large investors will earn money. In fact, this is the case in other markets with regulation and government control. Although there are some restrictions and controls in other markets, large investors manage prices as they wish and cause small investors to lose money. It's the trade, somebody has to lose so somebody else can win. If everyone would win, if the markets were always optimistic, this system would already have collapsed. Somebody has to hurt so somebody else can win.

[LUCKMCFLY]

Well Bitmex is a very controversial market, its volume is due to the army of bots so impressive that they have, in addition 24 hours they are operating and they are mostly bots because they mostly enter with orders of 1 contract, and they are many at the same time, of That way there will always be volume.

However, there are ways to operate the Bitmex market with strategies after liquidations, and to ensure profit it can be leveraged but with low risk, maybe with a maximum 10x 25x, because the most frequent settlements are in 100x and 50x, to regret that when they want they liquidate them all. However it is possible to win a couple of times, they have an arbitration with a lot of tolerance with respect to all the Exchanges, it is really good if you want to feel the adrenaline to the fullest.

[Assface16678]

In a market such as crypto coins that do not yet have regulation or control, small investors will surely lose money while other large investors will earn money. In fact, this is the case in other markets with regulation and government control. Although there are some restrictions and controls in other markets, large investors manage prices as they wish and cause small investors to lose money. It's the trade, somebody has to lose so somebody else can win. If everyone would win, if the markets were always optimistic, this system would already have collapsed. Somebody has to hurt so somebody else can win.

In cryptocurrency, there is a huge investor and trader, and we called the "whales" they are the one who holds a large amount of bitcoin and their every trade it affects the whole market. There is an article told a whale transfer for over a million dollars amount and just paid for 0.32 dollars, and this is so imbalance that release and transfer a large amount of money. The government cannot take any action. They don't know how to handle the situation and where's the money came. One of the problems for the government using bitcoin and other cryptocurrency does not have any taxes involved.

[Capt00]

In a market such as crypto coins that do not yet have regulation or control, small investors will surely lose money while other large investors will earn money. In fact, this is the case in other markets with regulation and government control. Although there are some restrictions and controls in other markets, large investors manage prices as they wish and cause small investors to lose money. It's the trade, somebody has to lose so somebody else can win. If everyone would win, if the markets were always optimistic, this system would already have collapsed. Somebody has to hurt so somebody else can win.

If everyone wins, whose gonna lose? That is the reality here, someone wins and someone would also lose. We better have to accept that those whales are good enough in trading quite giving them a huge chance that they possibly win over the others than of losing. This is a market competition and might whales also are competing others just to take advantage of small players.

[adaseb]

Not exactly..... if whales earn through influencing the prices why not follow them? You can't possibly know what they can do next but you can react to it rapidly once it had happen. Some call it "ride the wave" others call it "follow the trend" but both says the same thing and that is following the current movement of what is happening in the price chart. You might not have the same profit or returns as what the whales have but the trend is your friend and that is how you can maximize the profit in your trades and you can't even go against it in the first place.

This is actually what you are suppose to do in most markets. In Crypto you need to follow the whales and in stock trading you need to follow the banks and institutions buying and selling certain stocks. The problem is that even though some of this data is available for free its usually delivered late.

For example the leaderboard is updated around 9Pm Asia time. So even though you get a daily update, it will usually come way too late. And with stocks is also similiar. Various companies like the Berkshire Hathaway list what stocks they own and when they sold them, it doesn't list the price but you can figure it out by looking at the dates, however this information will come very late usually.

[d3nz]

This is not a problem because they can just manipulate the market and we can still keep up if we have the right position and not to lose our money. And joining a hype in uptrend is really a good idea and a strategical way since we can just do a target price for buying and selling.

And i think whales are not always winning and they have a lot of losses too.