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.

[1715172438]

1715172438

[1715172438]

1715172438

[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.

[Theb]

~snip~

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.

Well unlike in the stock where you have two options (maybe more) on whether to follow the investment firms' activity or follow the stocks fundamental analysis in the crypto market you really don't have that option. At least in the stock market they can be independent and not rely on the decisions of institutional investors since you can still find a good bargain with the conpany's financial performance. It's either you read the charts and see what it's telling you or don't read anything at all and shoot in the dark with your trade.

[Yatsan]

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 what I have to say at the back of my mind. Isn't it just us?  that is making this always big deal for them when they earn such massive amount? They gamble very hard so it's either they will win or lose very hard. These whales are rich and can afford to lose, when they lose, they double the risk until they win, there is infinite chances for them. Aside, whales are not that very influential to the traders, traders does influence the whales so they'll come up with traps in the market and they just have huge impact compared to us since they are holding bunch of money. Solution is pretty basic, just follow the trend.  If you can't lose them, join them.

[Triffin]

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.

Whales do possess more money than others but in no way, this means crypto currencies can only be bought by them. Anyone can become whale if he buys a little amount of bitcoin and trade with it. It would take some time but gradually his holding will increase. Being born with a silver spoon in mouth is luck but not struggling for that live is personal decision. Such complaints wont bring anything. We wont get back to zero.

[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.

Aside, whales are not that very influential to the traders, traders does influence the whales so they'll come up with traps in the market and they just have huge impact compared to us since they are holding bunch of money. Solution is pretty basic, just follow the trend.  If you can't lose them, join them.

I think you got it the other way around. Whales are the ones influencing the prices and not the us small time traders that can't even make a dent in the overall volume that's why we are the ones following the trend and the whales are the ones creating it. You might ask if whales are that powerful why they didn't change anything when an 18 month bear run has happened. It's because they wanted to accumulate more Bitcoin at it's lowest price and they don't want to trigger any kind of bull run during that time, we also have news regarding their accumulation stage during these past months. Just like what I have said other than following the trend you can also see some hints where you need to start accumulating and when you need to start offloading as the numbers of the whales can always be seen online.

[bohr]

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.

This is to be expected, it is well known that the majority of traders lose all their money in the markets, and it is also known that only a minority of the traders that earn any money in the markets get any significant profits, so there are only two options, you give up trading become a long term holder and wait for the recovery of bitcoin, or you begin to imitate the movements of those whales on your own and begin to get similar profits, while many will prefer to follow the second option by far the best and safest option is the first one.

[befriendmywater]

because they have a lot of money. Many of the strategies they use are in conjunction with margin trading exchanges and they take the information of those exchanges and then manipulate the market. This is one of the ways they make a lot of money and small fish often die a lot because of that.
I'm not slander because you can also see the candles have long uncomfortable antennae. it was a sign of killing Long or Short and they continued to be profitable.

[Willitivity]

Whales are just playing the market, while the rest of other are just blatantly believing in hodling, and getting pretty rekt as a return. Whales have the if power to influence prices to their favour in addition to trading in all forms of market. Holding no longer pays, best bet is to follow the whales, anticipate their moves and make some profits for yourself.

[Beparanf]

Whales are just playing the market, while the rest of other are just blatantly believing in hodling, and getting pretty rekt as a return. Whales have the if power to influence prices to their favour in addition to trading in all forms of market. Holding no longer pays, best bet is to follow the whales, anticipate their moves and make some profits for yourself.

It is the smarter move if only we know when they will try to manipulate the market. I do still hold but not as much as I hold before aince it might be too long before the market recover and we need to follow the trend to be able to earn so I trade and considered the events that are happening in real time, but still focus on noting being swayed by FUD.

[Asmonist]

Its really the reality of it. Its a game of risking a fund. If your risk level is low then you might probably belong to the lowest earner. On the other hand, if your risk level is high then you are probably the highest earner. Indeed, this is all again about who has the biggest capital to risk in. Its a sad reality but we need to live with it. Otherwise, you cannot play the game of chances. All we can do is to go with the flow and just be happy of what we can have. You can't also blame them, its their previlege to have that richness to build it more. The only way we can equal to them is that we are happy of what we have and enjoy the fruits of our little investments.

[clickerz]

because they have a lot of money. Many of the strategies they use are in conjunction with margin trading exchanges and they take the information of those exchanges and then manipulate the market. This is one of the ways they make a lot of money and small fish often die a lot because of that.
I'm not slander because you can also see the candles have long uncomfortable antennae. it was a sign of killing Long or Short and they continued to be profitable.

You may have a point here. pump and dump are real. Right timing is always what we need to have a good profit here. If you have some knowledge in Technical Analysis, then you can decipher whats happening. Though whales moves is sometimes unpredictable, just always have a cut loss.

[el kaka22]

This is just the way world works man. I mean rich people are so rich that sometimes they are making politics and finances hard to even enter for anyone other than other rich people. So what happens? People fail to enter these fields to make it possible for poor people to join as well, couple of poor people making a way into it will try to change things around but unfortunately only the rich people there.

So, not just bitcoin but the whole world turns around the rich people, they have managed to make everyone else cripple under financial debts and so for and now they are basically tingling money at our faces to make us run for them. I hope one day "actually good" people come into affect and stops them from destroying the world even further.

[LouVandetta]

It's amazing to see how much profits Whales could make for only a few days or week of trading. That's what makes a difference between a big trader such as whales and a commoner kind of traders. Since they have a very huge amount assets, that is why even a bit of profit they got is very big to a small traders. Some whales I believe could even move the market's prices as they wanted to, especially if they want to pump a certain altcoins whatsoever. Where there's a winner (In this case it was whales), there's a loser.

[atjiat]

It's amazing to see how much profits Whales could make for only a few days or week of trading. That's what makes a difference between a big trader such as whales and a commoner kind of traders. Since they have a very huge amount assets, that is why even a bit of profit they got is very big to a small traders. Some whales I believe could even move the market's prices as they wanted to, especially if they want to pump a certain altcoins whatsoever. Where there's a winner (In this case it was whales), there's a loser.

I am sure that big whales today profit from ordinary users of the cryptocurrency, because with the help of their large volumes of cryptocurrency they can very efficiently manipulate the cryptocurrency market in order to provoke us not to take adequate actions and thus earn at our expense.

[the rise]

I think whales also makes two-way orders. where they make two opposite orders with the same amount. They sacrifice orders with confirmed negative movements, and add orders that already look profitable. Speculation they are using large funds, 50% of losses will be quickly covered with profits up to x2-5.

[X-ray]

It's amazing to see how much profits Whales could make for only a few days or week of trading. That's what makes a difference between a big trader such as whales and a commoner kind of traders. Since they have a very huge amount assets, that is why even a bit of profit they got is very big to a small traders. Some whales I believe could even move the market's prices as they wanted to, especially if they want to pump a certain altcoins whatsoever. Where there's a winner (In this case it was whales), there's a loser.

I am sure that big whales today profit from ordinary users of the cryptocurrency, because with the help of their large volumes of cryptocurrency they can very efficiently manipulate the cryptocurrency market in order to provoke us not to take adequate actions and thus earn at our expense.

Some massive dump although doesn't significantly affect the price of BTC if shouted to the panicky traders they will be triggerred to sell their coin in panic or either buying it. It's basically just a war of psychology since manipulating the price of bitcoin directly is like wasting your money.
When there is dump I can see there always some discussion about it that makes people think the bearish market is coming. Totally understandable if the people just dont want to lose their money.

[Edraket31]

I think whales also makes two-way orders. where they make two opposite orders with the same amount. They sacrifice orders with confirmed negative movements, and add orders that already look profitable. Speculation they are using large funds, 50% of losses will be quickly covered with profits up to x2-5.

Yes, they do have different strategies too as they are trading large sum of money so they need to make sure that they have the right strategy before anything else. So, most traders will really do that if they are unsure and let us also remember that whales were also once a new trader who don't know at all but took the risk in investing, so what they have earning right now is the fruit of their hardship and sacrifices.

[ice18]

Sad fact whales are getting richer each day because they know what will be the market outcome because of their heavy manipulation on bitcoin markets and the small traders only relying on TAs not knowing that this is a game by whales and we need to ride on them inorder to gain more profit like them.

[Gheka]

It's amazing to see how much profits Whales could make for only a few days or week of trading. That's what makes a difference between a big trader such as whales and a commoner kind of traders. Since they have a very huge amount assets, that is why even a bit of profit they got is very big to a small traders. Some whales I believe could even move the market's prices as they wanted to, especially if they want to pump a certain altcoins whatsoever. Where there's a winner (In this case it was whales), there's a loser.

I am sure that big whales today profit from ordinary users of the cryptocurrency, because with the help of their large volumes of cryptocurrency they can very efficiently manipulate the cryptocurrency market in order to provoke us not to take adequate actions and thus earn at our expense.

Of course, the crypto market is operating in such a way, money does not automatically appear, it is a huge circle among players, and whales with a large amount of wealth are the ones that gain more advantages, they are more in control of the market while ordinary traders need to rely on them, sometimes they create plans to trick ordinary traders. Whales really are becoming richer with our bones and blood but don't be too negative, we can still avoid being lost with our knowledge and survival skills.

[akram143]

Don't react to the sudden price changes will be the best possible solution to save ourselves from the whales manipulation.Whales are also taking risk but they got what they wanted from the traders by immediate reaction on buying or selling.

[davinchi]

Not everybody can lose but maybe the small traders. This is not new just due to crypto markets nor preciously due to bitcoin markets. Manipulations are just part of all the markets and big-shots are eating up the capital of small traders by moving the market directions on their own benefits. When you got the power to move the markets then obviously you will find all the methods to getting richer by making weak hands panic.

Not just due to margin trading, whales are getting richer and the rest are losing; it is happening in spot markets too. Probably, it is due to the reason of bitcoin mining allowed early adopters to be whales. They got enough bitcoins to trigger movements on their preferred way. We cannot blame only whales; exchanges are also doing the same as they are also part of bitcoin whales.

[posi]

Don't react to the sudden price changes will be the best possible solution to save ourselves from the whales manipulation.Whales are also taking risk but they got what they wanted from the traders by immediate reaction on buying or selling.

If you read what the OP said, you'll understand that this was not about reacting to the new sudden change in price of the crypto market but getting people informed about the right procedure in other not to be the whales prey.
With that been said, the current change won't save us from the whales for knowledge and simultaneous research is what we need.

[suzanne5223]

Not everybody can lose but maybe the small traders.

Like you said is not everybody that make lost and that include small traders you mention if the traders have what it takes to survive in the market. Besides, the OP have giving people the right advise about not "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"

Not just due to margin trading, whales are getting richer and the rest are losing; it is happening in spot markets too. Probably, it is due to the reason of bitcoin mining allowed early adopters to be whales. They got enough bitcoins to trigger movements on their preferred way. We cannot blame only whales; exchanges are also doing the same as they are also part of bitcoin whales.

You're right but they make huge money through the margin system, it not all early bitcoin miners are it and exchange site can't be blame for doing what's best for their business but inexperienced traders and investors are to be blamed.

[adaseb]

I think whales also makes two-way orders. where they make two opposite orders with the same amount. They sacrifice orders with confirmed negative movements, and add orders that already look profitable. Speculation they are using large funds, 50% of losses will be quickly covered with profits up to x2-5.

Yes this is usually called spoofing. Basically you see a very large bid/ask and you automatically follow it, then shortly after the order is pulled and the trade is against you. This happens probably multiple times in a single day. It is so common that I just disregard it whenever I see it.

How does it work? Say price is $10000 and a whale wants to sell his large position at that price. He just puts a large bid at 9999 and his offer at $10000, and when it fills he just pulls the other order and usually price starts to crash because traders got trapped.

[SquallLeonhart]

Whales make the most profit because they are the ones that pumps the price, they know when they will be pumping the price so there is every possibility that they will be the ones making the most profit. But, for someone who is not a whale you can still make a profit. That's why you should always invest and hold for the long term. If you're the type that is always buying out of FOMO and not having strategies, you will hardly profit from it.

Still, as someone that invested and HODL'ed for the long term, the price can go up and the coins you have in your wallet will increase in price. If you're buying, buy an amount you can afford and then store it in your wallet and leave it for a long time.

this is usually called spoofing. << snip >> How does it work?

Just pump the prices up to nearest resistance level to create confident among traders like market in bullish mode. Then sell off at higher prices than your pumping prices. Whales can do anything and its vice versa is the most common manipulation to get cheaper prices to buy more.

[JessicaVL]

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.

Wow! That's quite the spot - thanks for this. I think buying BTC on a marketplace like Vertex is also a good option, because one transaction doesn't impact the others. So even whale's can't influence prices on the marketplace.

[alan2here]

Sad fact whales are getting richer each day because they know what will be the market outcome because of their heavy manipulation on bitcoin markets and the small traders only relying on TAs not knowing that this is a game by whales and we need to ride on them inorder to gain more profit like them.

They control this market and can cause volatility at any time, so it's best to limit trading and find other ways to make a profit. I think whales will often manipulate when there is bad news and make investor sentiment more fearful. 2 years have passed and this market still has not changed much so in the future, the investment demand will be much less because no one is interested in the current market.

I have lost a lot of assets from this market and am always worried because I do not know how to make a profit and this year will still be the most difficult year for all investors in this market.

[bohr]

Whales are just playing the market, while the rest of other are just blatantly believing in hodling, and getting pretty rekt as a return. Whales have the if power to influence prices to their favour in addition to trading in all forms of market. Holding no longer pays, best bet is to follow the whales, anticipate their moves and make some profits for yourself.

It is true that the potential profits that a trader can get are many times higher than what a bitcoin holder will get, however you are forgetting that very few traders get any profits in the market, the safest and on average the most profitable path is to be a long term holder, I know that in times like these it may seem like the holders are not really doing that well but as long as you do not sell your coins those losses are not realized and as long as you are holding your bitcoin you have a chance to multiply your capital many times over in a short time.

[PuertoLibre]

Another side of trading zero-sum financial markets, the longer you hold your losing position, it becomes a liquidity provider for another trader. As it mentioned, the leverage is a double-edged sword which can make you rich if you can manage it with the correct mindset after mastering yourself as a professional trader. In the case of reaching wrong hands, the leverage becomes a poison, the melting speed of trading balance just increases in every volatile market days. Stay away from margin trading, if you have no idea what you are doing. For fun, using demo trading accounts is the best choice.

[Oceat]

Sad fact whales are getting richer each day because they know what will be the market outcome because of their heavy manipulation on bitcoin markets and the small traders only relying on TAs not knowing that this is a game by whales and we need to ride on them inorder to gain more profit like them.

They control this market and can cause volatility at any time, so it's best to limit trading and find other ways to make a profit. I think whales will often manipulate when there is bad news and make investor sentiment more fearful. 2 years have passed and this market still has not changed much so in the future, the investment demand will be much less because no one is interested in the current market.

I have lost a lot of assets from this market and am always worried because I do not know how to make a profit and this year will still be the most difficult year for all investors in this market.

It's okay to lose as long as you learn something in return and that's your investment—learning through the process. Don't just quit easily just because you lose a lot from the market it takes time before you even master the skills of trading. Don't stop believing and learning everyday because someday you will step the foot of being one of the whales. It takes constant practice and learning in order for you to achieve the trading strategy.

[Yamifoud]

It's okay to lose as long as you learn something in return and that's your investment—learning through the process. Don't just quit easily just because you lose a lot from the market it takes time before you even master the skills of trading. Don't stop believing and learning everyday because someday you will step the foot of being one of the whales. It takes constant practice and learning in order for you to achieve the trading strategy.

But some people never look that as an investment instead, they consider it a trap and then quit.

Whales are not quitters, they are risk takers and has smart thinking more than enough to manipulate beginners mind. If noobs will allow this one, they just consider themselves as prey to the whales and beaten up. That is why whales will getting richer and richer cause they know exactly what they are doing and never mind the risk they are facing.

[Karmakid]

In my opinion, the reason why the whales are getting richer and richer while other people are losing is the skills that the whales have. The normal trader or an investor in this market is emotional so when the market drops, they all panic and it results for the whales to get cheap prices wherein they will sell it on a higher price when the dumb money enters the market again.

[kro55]

Whales are in every market be it forex, equity or crypto. They can easily manipulate the market and are always in profit. Being a small fish in the crypto sea, we have to chase these whales and look for our profits and safely quit. Don't try to fight or go against these whales, in my view it's totally useless.

[BChydro]

In my opinion, the reason why the whales are getting richer and richer while other people are losing is the skills that the whales have. The normal trader or an investor in this market is emotional so when the market drops, they all panic and it results for the whales to get cheap prices wherein they will sell it on a higher price when the dumb money enters the market again.

The whales are humans and not robots to not have emotions, if you follow the basics you will not end up at a loss no matter how the market goes, just sticking to the basics is the best policy, buy when the market goes down and patience is the key factor and if you invested when the market went down then there is no point in panicking and plan to sell when the market goes high according to your choice.

[ethereumhunter]

In my opinion, the reason why the whales are getting richer and richer while other people are losing is the skills that the whales have. The normal trader or an investor in this market is emotional so when the market drops, they all panic and it results for the whales to get cheap prices wherein they will sell it on a higher price when the dumb money enters the market again.

The skills are the factor that makes the difference between the whales and the traders. Many traders can't rely on their skills and following the signal from some group because they thought that the group is full of whales. But that is not true because the real whales will not say to other people that they have big funds and ready to moves the market. Besides that, the whales will use every chance that is happening in the market so they can influence many traders to follow what they did.

[justdimin]

Rich people just toy with us in the face of reality and they do not just manipulate the markets but somehow manipulate the feelings of people the emotions as well. Like they sell a ton of bitcoin and suddenly everyone starts to think that bitcoin is dying and it is on a bear run and we all stop buying bitcoin, they return and keep buying bitcoins so it goes up and they hype it up and we are suddenly all thinking it is going to all time high prices.

There is really no middleground because those people have enough money and influence and power to not just change the price of bitcoin but the emotions of all traders as well. Hopefully the "decentralized" nature of bitcoin will soon show its true power with all the trading and all and make bitcoin adopted big enough that it is not only a "way of making money" but just "money".

[iram3130]

Thats how whales became whales at first place. I dont think there is any other global market where manipulation is higher than of crypto, it impacts very negatively when someone tries to implement real life application for crypto when manipulation is this high.

[Apened]

Of course whales are whales and they will only eat the small traders in the market. They have their own ways to trade and can trade alone. With any small market movement they can make money and bitmex i think is number 1 for the most manipulated market as far as i know. However few traders can also make money if they will use big funds with a very low risk or leverage to survive especially for long term trade cycles.

[beerlover]

I think whales do not have THAT much control over bitcoin as we might imagine. We want to believe that bitcoin is dropping and increasing all due to whales because some of us here think that just as we buy the price falls and just as we sell the price goes up so that we are always at the wrong end of bitcoin (I always earn and spend instead of buy and sell but I do have those feelings sometimes too).

However, reality is that fiat currency and fiat economy all tied to politicians who get bribes from the companies so the rules of fiat economy is basically written by the whales whereas in bitcoin it is decentralized, if we didn't allow whales to run free here, they wouldn't be able to do anything however we do allow them to do whatever they want so mostly it ends up hurting us.

[yangongear]

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.

My opinion is, in the bear market, making money from the market is very difficult if we only use spot exchange. Using margin trading or futures is a great way to make a profit in a downtrend market. It is not bad if you have the ability to manage capital and risks carefully.

[Danumsigwasan]

This is sad but true and something very much nothing to do about. All we can do is to be little bit wise with the way we go about things and our approach. I am always very careful and try to ensure that I work with proper plan to avoid such scenarios.

[Oceat]

It's okay to lose as long as you learn something in return and that's your investment—learning through the process. Don't just quit easily just because you lose a lot from the market it takes time before you even master the skills of trading. Don't stop believing and learning everyday because someday you will step the foot of being one of the whales. It takes constant practice and learning in order for you to achieve the trading strategy.

But some people never look that as an investment instead, they consider it a trap and then quit.

Whales are not quitters, they are risk takers and has smart thinking more than enough to manipulate beginners mind. If noobs will allow this one, they just consider themselves as prey to the whales and beaten up. That is why whales will getting richer and richer cause they know exactly what they are doing and never mind the risk they are facing.

They aren't just risk taker they were just too good for risk management to handle that's why they can survive in the market. Some newbies don't know the risk management yet that's why they ended up losing more money. A professional traders knows the different types of strategy to use when trading unlike with those newbies they were just a small fish when the whales started eating their sell orders.

[fullhdpixel]

Whales are in every market be it forex, equity or crypto. They can easily manipulate the market and are always in profit. Being a small fish in the crypto sea, we have to chase these whales and look for our profits and safely quit. Don't try to fight or go against these whales, in my view it's totally useless.

Agreed but easier said than done. If you hold 2 bitcoins being a small investor and you see the price being dropped to half by overnight, I bet you will be tempted to sell some part of the coins. Look bitcoin has the power of decentralization but that also means that if it becomes 0 you can't complain it or do anything about it.

There is no owner or authority that is responsible for it, this is what makes people panic when they see the price dropping and sell which is the exact source of income for whales because they just need to eat small fish in the sea and keep growing. The fun happens when 2 whales are working in opposite direction though because they cancel out each other and face loss each.

[bohr]

Whales are in every market be it forex, equity or crypto. They can easily manipulate the market and are always in profit. Being a small fish in the crypto sea, we have to chase these whales and look for our profits and safely quit. Don't try to fight or go against these whales, in my view it's totally useless.

Whales receive a lot of criticism and some of that criticism is deserved but people act like the market of cryptocurrencies is the only one with whales, but compared to other markets the whales that we have here are very small, so what if they are getting benefits from being that powerful? Everyone that had that kind of power will use it to try to get even more profits that is completely natural, what we need to do is to try to figure out how to get profits despite those manipulations.

[BitHodler]

Everyone that had that kind of power will use it to try to get even more profits that is completely natural, what we need to do is to try to figure out how to get profits despite those manipulations.

What people need to figure out is that they will very likely lose a lot of money trading because they are clueless about technical analysis and what makes this market so volatile and brutal to trade.

Only noobs think that this market is being manipulated. Every dump people complain about whales controlling the market by manipulation, but when the price explodes, they like it and don't complain. What a hypocrisy, right?

As long as people can make profit everything is tolerated, but when the market conditions change and they lose, then it's manipulation. 

[JessicaVL]

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.

I think that's pretty sound advice - although I would also suggest trading on a P2P marketplace like  Vertex. One trade will not impact the price of another because offerings are set by other traders. Therefore, it's pretty unlikely that you'll be massively effected by a whale. In fact, more whales should use marketplaces. It just makes sense. I think we'll see a lot more big transactions taking place P2P in the future. Thanks for the information - it was super interesting!

[elewton]

 This is obvious. This market is made up of whales and it is the market's operator. The ones who are most profitable are those who control the market, fishes like us can die at any time. The most obvious proof is that there are some accounts at Bitmex that have won more than 51k% for the money they depose in the Bitmex account and every week they make more than 10k bitcoins. This shows that their level of manipulation is enormous and we should follow its strategies and signals in order to survive.

[k@suy]

Rich people just toy with us in the face of reality and they do not just manipulate the markets but somehow manipulate the feelings of people the emotions as well. Like they sell a ton of bitcoin and suddenly everyone starts to think that bitcoin is dying and it is on a bear run and we all stop buying bitcoin, they return and keep buying bitcoins so it goes up and they hype it up and we are suddenly all thinking it is going to all time high prices.

There is really no middleground because those people have enough money and influence and power to not just change the price of bitcoin but the emotions of all traders as well. Hopefully the "decentralized" nature of bitcoin will soon show its true power with all the trading and all and make bitcoin adopted big enough that it is not only a "way of making money" but just "money".

We cant do anything with that. Whales keep on becoming rich because they are focus on the things that can make their assets grow more even , so that what they already have becomes bigger because of that asset. They are not even afraid in taking some risk.

[BlacksmithCorporation]

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.

I think your advice won't work because people always want to get rich quick, and the fastest way is to use leverage. Moreover the current exchanges are pushing hard to launch derivatives platforms, I think there will be more and more greedy.

[atjiat]

Each of us must be aware of all the risks that lurk on the cryptocurrency market and without any experience or knowledge. Each of us can fall into the trap that is prepared for the inexperienced cryptocurrency user.  Problems can arise not only because of the instability of the cryptocurrency market, but also because of the manipulations of the cryptocurrency market, due to which large whales make a profit, and we lose our coins or sell them because of negative news and the fear of losing even more.

[sana54210]

If we could find a way to know what the whales would do before they do it and arrange ourselves accordingly, we could totally manage to make a lot of money. However, these whales always hide what they will do until the last second and they do it right away in an instant without letting anyone know. So, we are left with knowing for a fact that one whale will decide to change the movements of bitcoin but we don't know which one will be this time and we don't know how much they will change it and we don't know which direction they will change it.

Hence, what we have to do is improve our espionage and get some people inside the whales circles to let them know what will happen and when will it happen so we could potentially react before anything actually happens but it is close to impossible.

[perla]

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.

I think your advice won't work because people always want to get rich quick, and the fastest way is to use leverage. Moreover the current exchanges are pushing hard to launch derivatives platforms, I think there will be more and more greedy.

If they lose because of greedy and use margin trading to get what they aim. Maybe it is their mistake. At least we are here discuss about it, and other thread maybe i see discuss how big risk behind margin trading. People always have option and they must take the risk from what their decision.

[EdvinZ]

Very valuable advice in the first post about margin trading. The temptation to earn a large sum quickly with small investments often leads to the opposite result. Margin trading is a tool only for experienced traders who have studied the market and all the trading opportunities.

[S4VV4S]

You are absolutely right here! The crypto market always going under whales manipulation! Sometimes we think whales stopped when the price goes up, but they are truly good players, you never know about whales manipulate activity! And I think for their shitty activity, crypto is not getting its real value!

What do you mean Crypto is not getting its real value? Did the whales not manipulate prices with real values? I believe that Whale can manipulate prices in the market.

[DevilSlayer]

Whales are well educated, they are also financial literate and that's why their wealth are keep growing. They have financial knowledge where they know the strength and weaknesses of a coin. They have good risks management and good trading setups to win in a trading. They are also good executing their plan carefully because of the portfolio that they have. Whales have power to manipulate the market because of the bitcoins that they have.

[wajik-tempe]

Whales are well educated, they are also financial literate and that's why their wealth are keep growing. They have financial knowledge where they know the strength and weaknesses of a coin. They have good risks management and good trading setups to win in a trading. They are also good executing their plan carefully because of the portfolio that they have. Whales have power to manipulate the market because of the bitcoins that they have.

Because it's a natural case that rich are easier to get richer because they already have a huge capital and they will just richer just by their passive income. More over in cryptocurrency the whales could pump and dump the price easily because a huge volume could make the market move.

[jostorres]

What we should not forget is that those whales became whales somehow, they were not born whales (well they could be born rich, but becoming whale is not about just having money) so these guys know what they are doing, these are not idiots who just guess what will happen and throw money at it, these people are rulers of the market and they work really hard to make a difference.

So, when you have one that makes 733 bitcoins, that dude probably made more before that as well, that dude probably made money waaaay before bitcoin was a thing as well, these are experienced, networked, hard working, very smart people that we are against so it will be tough to beat something like that with thousands of uneducated or limited education people with no coordination at all.

[aardvark15]

Cryptocurrency trading is already volatile and risky. Doing margin trading adds another level of risk and can take your investment out of your control as you have described.

I have found that trading in general is not very profitable because of the losses in fees, etc. unless you are just really good at trading.

[imstillthebest]

Whales are well educated, they are also financial literate and that's why their wealth are keep growing. They have financial knowledge where they know the strength and weaknesses of a coin. They have good risks management and good trading setups to win in a trading. They are also good executing their plan carefully because of the portfolio that they have. Whales have power to manipulate the market because of the bitcoins that they have.

Because it's a natural case that rich are easier to get richer because they already have a huge capital and they will just richer just by their passive income. More over in cryptocurrency the whales could pump and dump the price easily because a huge volume could make the market move.

thats not always the case that happens  . i know some rich people that already became poor because of mis handling of thier money  .

they have alot of capital and expected that they will also bet more because it wont make sense if they bet small when they already have tons of cash and what if they loose those big bets  ?  passive income that your saying will also come if they will invest on something and this also needs a capital  . what they do is also not easy because there will also be whales that do oppositely  .

[Kambal2000]

Cryptocurrency trading is already volatile and risky. Doing margin trading adds another level of risk and can take your investment out of your control as you have described.

I have found that trading in general is not very profitable because of the losses in fees, etc. unless you are just really good at trading.

We should learn that in trading, it is a gamble too, once someone is earning of course the other party is losing, this is the game of money, so we must be very careful and don't trust much everyone here especially if they are telling people to buy this as it will pump soon, for sure they will sell their holdings that's why they are yelling and shilling over the internet to buy that.

[bohr]

What we should not forget is that those whales became whales somehow, they were not born whales (well they could be born rich, but becoming whale is not about just having money) so these guys know what they are doing, these are not idiots who just guess what will happen and throw money at it, these people are rulers of the market and they work really hard to make a difference.

So, when you have one that makes 733 bitcoins, that dude probably made more before that as well, that dude probably made money waaaay before bitcoin was a thing as well, these are experienced, networked, hard working, very smart people that we are against so it will be tough to beat something like that with thousands of uneducated or limited education people with no coordination at all.

And that is why the rich keep getting richer, many people think of those that have a lot of money to somehow not being deserving of that money, when most likely they got all of that money by having several skills and working very hard in order to reach that point, while the rest of the population only complains about the achievements of the whales not understanding that they could improve their economic situation many times over by doing the same as them.

[CarnagexD]

Cryptocurrency trading is already volatile and risky. Doing margin trading adds another level of risk and can take your investment out of your control as you have described.

I have found that trading in general is not very profitable because of the losses in fees, etc. unless you are just really good at trading.

We should learn that in trading, it is a gamble too, once someone is earning of course the other party is losing, this is the game of money, so we must be very careful and don't trust much everyone here especially if they are telling people to buy this as it will pump soon, for sure they will sell their holdings that's why they are yelling and shilling over the internet to buy that.

What the most people here are very speculating, even there is insignificant change in the market they interpret that as big deal when in real it is not. What differs the small trader and whales is the affordability, whales tends to gamble and invest massive amounts coz that's the nature of risking while small ones are just on their average. Another thing is whales can manipulate the market with their holdings, they can easily prepare a trap in the market especially the institutional and corporational investments. Being smart and emotionally capable being would make you strong to cope with the market.

[okala]

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.

I do seriously agree with what you just said and it is good that we understood that the cryptocurrencies market is an open market and some whales also loss money from the volatility of the market. We just need to understand how some trending indicators work and trade along to beat the market in it games.

[maydna]

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.

I do seriously agree with what you just said and it is good that we understood that the cryptocurrencies market is an open market and some whales also loss money from the volatility of the market. We just need to understand how some trending indicators work and trade along to beat the market in it games.

So if we can follow their way when they are trying to move the market, we can take the benefits too besides of them. But we need to analyze deeper, so we know if that is the whales or not because sometimes it is hard to detect the whales move. We need to make a few strategies to adjust the situation so we can move fast if they do something. The whales itself can get lost as both of you said because I am sure that sometimes the whales cannot always get the right information related to the market.

[Orochimarukin]

I don't margin trade yet but I'm learning to. I really hope I get good at it before prices start to rally. It is a great way to earn BTC but you can easily lose it too if you don't know what you're doing.

[crossabdd]

I personally have never used margin in trading. in my opinion it is too risky, I prefer trading in general. because trading knowledge is minimal in margins. yes, at least we can analyze the movements made by whales, so we don't lose our BTC. because whales only take BTC in those who have high panic and fomo.

[pajak666]

There is nothing wrong with margin trading itself... Nobody said your position has to be substantial. Use margin, be smart with sizing and profit. There is no obligation to go x100 for big chunks of your moneyz

[hv_]

Not all see the connections

but whales have entered into btc and other crypto very early

into their governance - protocol and eco-systems:

https://www.youtube.com/watch?v=3dW549Ohkxo

[gabmen]

Not all see the connections

but whales have entered into btc and other crypto very early

into their governance - protocol and eco-systems:

https://www.youtube.com/watch?v=3dW549Ohkxo

It's not just that. You can take playing poker for example, Stack bullies have an easier time winning hands compared to others since they can bet bigger amounts, hence better returns. That's the advantage of trading or investing an amount you can afford to lose. No pressure. If they lose at a certain point, they can easily cover the loss and get it back since they have more than enough asset at their disposal. Sadly, that can't be said for normal people like us who'll have trouble shrugging off and recovering a big loss.

[Negotiation]

It is bad and sad that whales are becoming more and more rich in using margins to trade and we are losing a large part of our profits. That is why I do not use margins when trading it is very risky The whales know that trade is high with Bitcoin so they spend more time there That is why you should be very careful when trading invitations Otherwise we may lose our money.

[MWesterweele]

It is bad and sad that whales are becoming more and more rich in using margins to trade and we are losing a large part of our profits. That is why I do not use margins when trading it is very risky The whales know that trade is high with Bitcoin so they spend more time there That is why you should be very careful when trading invitations Otherwise we may lose our money.

That is the mindset of the true business minded people that are gonna be rich more in future. They will invest more in different investment that they will think it will give them a lot of money soon, they are always looking forward for the future as well as the present. Whales mindset is very firm and it cannot be affected by past situations.

[error08]

Trading is not for everyone, in most cases, people will lose their money rather than make profits.
Aside from whales, exchanges also make big profits just by providing a place for the battle.
The best advice for newbies is, just buy bitcoin right now as much as you can, and do not spend more than you can afford to lose, save some fiat as a back-up.
Wait for a long-term, 6 months or 1 year, then in 2021, you'll see it's worth it what you've invested today.

[Apened]

Trading is not for everyone, in most cases, people will lose their money rather than make profits.
Aside from whales, exchanges also make big profits just by providing a place for the battle.
The best advice for newbies is, just buy bitcoin right now as much as you can, and do not spend more than you can afford to lose, save some fiat as a back-up.
Wait for a long-term, 6 months or 1 year, then in 2021, you'll see it's worth it what you've invested today.

I agree to this one well not all can be a trader and not all woll going to survive even there is a proven system as we don't know how each of this ehales in the market is playing and taking the money of some traders. In order to be able to go with them is to learn to trade it doesn't mean that we need to get pass on the whales to earn because a certain ways that we can earn by just following what they want to and when they are about to push the price.

[coinfinger]

Don't react to the sudden price changes will be the best possible solution to save ourselves from the whales manipulation.Whales are also taking risk but they got what they wanted from the traders by immediate reaction on buying or selling.

If you read what the OP said, you'll understand that this was not about reacting to the new sudden change in price of the crypto market but getting people informed about the right procedure in other not to be the whales prey.
With that been said, the current change won't save us from the whales for knowledge and simultaneous research is what we need.

This is why holders are the smartest people when it comes to bitcoins because if I have 1 bitcoin there is no possible way any shark or whale can take away from me that no matter what. But, yes for traders the big sharks can always manipulate the market create a particular panic either for sell or buy and make small traders fell into it.

The market is still very much controlled by some big people and as long as they hold more than 5-10% of circulating coins, they can easily make big waves into market and sustain that for quite sometime. More people getting in crypto means more liquidity and hence a better market.

[Distinctin]

It is bad and sad that whales are becoming more and more rich in using margins to trade and we are losing a large part of our profits. That is why I do not use margins when trading it is very risky The whales know that trade is high with Bitcoin so they spend more time there That is why you should be very careful when trading invitations Otherwise we may lose our money.

That is the mindset of the true business minded people that are gonna be rich more in future. They will invest more in different investment that they will think it will give them a lot of money soon, they are always looking forward for the future as well as the present. Whales mindset is very firm and it cannot be affected by past situations.

Because they know what exactly they doing and having a lot of money to either manipulate the market is their advantage over to small players/investors. Though we think that is really bad but we can't blame them cause that's the way they are. If we don't want to become their prey, please don't get tempted to buy coins at hypes cause that is their plays.   

[the rise]

Because they know what exactly they doing and having a lot of money to either manipulate the market is their advantage over to small players/investors. Though we think that is really bad but we can't blame them cause that's the way they are. If we don't want to become their prey, please don't get tempted to buy coins at hypes cause that is their plays.   

what about btc, do you still buy it even though you know this coin is still the purpose of their manipulation? Margin is the most attractive option for large investors and bitmex is one of their favorite exchanges, we can choose other options such as margin in Binance, there is a slower price reaction gap there. the whale will still move freely, and always have an influence on prices.

[Mpamaegbu]

Whales getting richer while the rest of the market gets slaughtered is a question of - he who pays the piper calls the tune. The whales control the market because of their large financial muscle. One can easily make over 2btc weekly if one controls as little as 50btc through arbitration. Then imagine the extent of what anyone who holds over one thousand Bitcoin can do by merely dumping and then rebuying at a lower price.

[Ridwan Fauzi]

It is bad and sad that whales are becoming more and more rich in using margins to trade and we are losing a large part of our profits. That is why I do not use margins when trading it is very risky The whales know that trade is high with Bitcoin so they spend more time there That is why you should be very careful when trading invitations Otherwise we may lose our money.

This is why an experience is another important when we start trading. As most everyone says maybe, the people who intend to trade should mastering the analyst and yeah it is good. But you should add your experience too or you shoul find some people experience to make you know another side in trading.

Indeed, we and the whales are same, I mean they have own right or have a profit traget when they are trading and we have as well. We can't blame anyone when we felt a lose or a huge lose because it is our risk. But at least when you know the ins and out the trading crypto you'll have a strategy to avoid many risk for sure.

[Sadlife]

That's why its necessary to have a good stop loss and exit plan strategy once the price hits the ATH or the price range that you planned on cashing out, you should just do it and dont let a big dump wash away the profits you've made cause by the whales who are hurrying to liquidate their profits.
Especially, when in this current date a big move is coming this is really interesting times.

[Aying]

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.

So true, whales are prepared on what will happen. they know how it exactly works and in crypto they know that if you are 2 to 3 years experience trader and don't have efficient funds you will have big losses and whales are wiser because they have their own back up plan and funds. so we cant blame whales to become more richer. they work hard for it and fight for their losses and back again to the game and take it on control.

[wajik-tempe]

That's why its necessary to have a good stop loss and exit plan strategy once the price hits the ATH or the price range that you planned on cashing out, you should just do it and dont let a big dump wash away the profits you've made cause by the whales who are hurrying to liquidate their profits.
Especially, when in this current date a big move is coming this is really interesting times.

Yeah whales can't do anything if all the people are having a good trading strategy, placing a stop loss is always needed in crypto currency trading if we don't want to stuck in the whale's trap. Whales are getting richer because of the traders who eats their trap and FOMO in every condition but ended up loss or stuck and hold the loss coin for a long time.

[LUCKMCFLY]

~snip~

There are many cases similar to that, not only do they happen that way, in my personal experience I have realized that Bitcoin owners don't move them much, they just stay in Hodl, and what they place is an army of bots to move the market, there are many orders of 1 contract or 1usd, there are many, this is only possible through bots, however, trading for whales do it more safely, because when handling large volumes they can quickly program their movements and generate a major impact of the market, the leverage is very dangerous, especially 100x, they are the first liquidated, many times even in 10x they are liquidated, I believe that trading in Bitmex is feeling 100% adrenaline.

Here a information:

Jun20 BTC Futures are now live on
@BitMEXdotcom
, currently trading at a +4.5% annualized basis.

Source: https://twitter.com/skewdotcom/status/1205461768476274690

[Wysi]

That's why its necessary to have a good stop loss and exit plan strategy once the price hits the ATH or the price range that you planned on cashing out, you should just do it and dont let a big dump wash away the profits you've made cause by the whales who are hurrying to liquidate their profits.
Especially, when in this current date a big move is coming this is really interesting times.

Yeah whales can't do anything if all the people are having a good trading strategy, placing a stop loss is always needed in crypto currency trading if we don't want to stuck in the whale's trap. Whales are getting richer because of the traders who eats their trap and FOMO in every condition but ended up loss or stuck and hold the loss coin for a long time.

We need to learn from our own mistakes as whales are just using same old tactics to earn more with a simple change as they used to dump all of a sudden by a huge margin to bring the market down in the past and used to pump the market, in the same manner, to make people invest due to FOMO and then cash out but nowadays they are dumping under the margin of $1,000 frequently which is followed by a slow gradual pump of another few hundred dollars then again they do a margin dump by doing a partial cashout. We need to fix our own margin and then trade accordingly in order to avoid losing our funds.

[Hamphser]

That's why its necessary to have a good stop loss and exit plan strategy once the price hits the ATH or the price range that you planned on cashing out, you should just do it and dont let a big dump wash away the profits you've made cause by the whales who are hurrying to liquidate their profits.
Especially, when in this current date a big move is coming this is really interesting times.

Yeah whales can't do anything if all the people are having a good trading strategy, placing a stop loss is always needed in crypto currency trading if we don't want to stuck in the whale's trap. Whales are getting richer because of the traders who eats their trap and FOMO in every condition but ended up loss or stuck and hold the loss coin for a long time.

All people having a good trading strategy? Nah that won't happen though, only people with a good understanding in the market or having a good technical analysis will make a sure good profit. If you are not watching the market and is careless in trading then the possibility that whales would eat your investment is very high.

[justdimin]

whales can't do anything if all the people are having a good trading strategy, placing a stop loss is always needed in crypto currency trading if we don't want to stuck in the whale's trap. Whales are getting richer because of the traders who eats their trap and FOMO in every condition but ended up loss or stuck and hold the loss coin for a long time.

Whales do have enough money to manipulate the market but these whales of bitcoin doesn't really need to be whales of the regular financial world. We are talking about new money here, people who became rich thanks to bitcoin only few years ago, they got in 10 years ago at earliest or even closer and now they are super rich thanks to bitcoin and they can make moves that nobody else can do.

Yeah, they could be getting help from other people who are old money but that doesn't mean that old money was involved and now doing whale moves all by themselves. People like Craig Wright do not act alone and they never will but no wall street guy got into bitcoin too early to make whale moves neither. They have the power and bitcoin early birds have the money so together they get richer and richer.

[Karmakid]

That's why its necessary to have a good stop loss and exit plan strategy once the price hits the ATH or the price range that you planned on cashing out, you should just do it and dont let a big dump wash away the profits you've made cause by the whales who are hurrying to liquidate their profits.
Especially, when in this current date a big move is coming this is really interesting times.

Yeah whales can't do anything if all the people are having a good trading strategy, placing a stop loss is always needed in crypto currency trading if we don't want to stuck in the whale's trap. Whales are getting richer because of the traders who eats their trap and FOMO in every condition but ended up loss or stuck and hold the loss coin for a long time.

All people having a good trading strategy? Nah that won't happen though, only people with a good understanding in the market or having a good technical analysis will make a sure good profit. If you are not watching the market and is careless in trading then the possibility that whales would eat your investment is very high.

That is the reason why we should be focusing in enhancing our skills in technical analysis before risking any of our money in the real market. Whales have a lot of bullets to fire in the market and as an ordinary trader, you should be wise and smart in every moves that you will be making so you can make sure that there will be no waste from your limited bullets.

[msarro]

Whales are whales because they bought bitcoin when everyone was laughing over it. Even today rather then buying bitcoin we are saying that time to buy bitcoin is over. We are losing because of our own mistake. We can secure our investment or cover losses if we buy bitcoin whenever its down.

[TheGreatPython]

whales can't do anything if all the people are having a good trading strategy, placing a stop loss is always needed in crypto currency trading if we don't want to stuck in the whale's trap. Whales are getting richer because of the traders who eats their trap and FOMO in every condition but ended up loss or stuck and hold the loss coin for a long time.

Whales do have enough money to manipulate the market but these whales of bitcoin doesn't really need to be whales of the regular financial world. We are talking about new money here, people who became rich thanks to bitcoin only few years ago, they got in 10 years ago at earliest or even closer and now they are super rich thanks to bitcoin and they can make moves that nobody else can do.

Yeah, they could be getting help from other people who are old money but that doesn't mean that old money was involved and now doing whale moves all by themselves. People like Craig Wright do not act alone and they never will but no wall street guy got into bitcoin too early to make whale moves neither. They have the power and bitcoin early birds have the money so together they get richer and richer.

Yea sure, whales are the rich ones so they can play around with the small investors and use them to profit. But, you can still be lucky, and that's if you invest at the early time when there is a bear trend, as the price is going up you will be profiting.

Whales buy a huge amount of coins causing the price to surge, and they use that opportunity to profit, once they have gathered a lot of money they will then sell their coins, causing the price to plummet. That's why cryptocurrency is a risky job and anyone that wants to be part of this has to understand the risks that are involved in it, and when you want to buy you should as well make sure that the amount is what you can risk.

[bohr]

Not all see the connections

but whales have entered into btc and other crypto very early

into their governance - protocol and eco-systems:

https://www.youtube.com/watch?v=3dW549Ohkxo

It's not just that. You can take playing poker for example, Stack bullies have an easier time winning hands compared to others since they can bet bigger amounts, hence better returns. That's the advantage of trading or investing an amount you can afford to lose. No pressure. If they lose at a certain point, they can easily cover the loss and get it back since they have more than enough asset at their disposal. Sadly, that can't be said for normal people like us who'll have trouble shrugging off and recovering a big loss.

That is true not only in trading or gambling that is true in life as well, if someone has an advantage over other people then it is natural for that person to use that advantage over and over again, whales are using their huge amount of coins to their advantage and it is to be expected what you need to do is to trade in such a way that you do not allow the whales to take advantage of that, and using margin trading is playing right into their hands because they can liquidate your position very easily.

[hv_]

Not all see the connections

but whales have entered into btc and other crypto very early

into their governance - protocol and eco-systems:

https://www.youtube.com/watch?v=3dW549Ohkxo

It's not just that. You can take playing poker for example, Stack bullies have an easier time winning hands compared to others since they can bet bigger amounts, hence better returns. That's the advantage of trading or investing an amount you can afford to lose. No pressure. If they lose at a certain point, they can easily cover the loss and get it back since they have more than enough asset at their disposal. Sadly, that can't be said for normal people like us who'll have trouble shrugging off and recovering a big loss.

That is true not only in trading or gambling that is true in life as well, if someone has an advantage over other people then it is natural for that person to use that advantage over and over again, whales are using their huge amount of coins to their advantage and it is to be expected what you need to do is to trade in such a way that you do not allow the whales to take advantage of that, and using margin trading is playing right into their hands because they can liquidate your position very easily.

They 'use' their Money for a lot of things - mostly on Information gathering, but maybe also for illegal stuff

https://www.leaprate.com/cryptocurrency/bitcoin/bitcoin-tumbles-below-7000-as-a-new-massive-ponzi-scheme-emerges/

[Visbay]

~snip~

There are many cases similar to that, not only do they happen that way, in my personal experience I have realized that Bitcoin owners don't move them much, they just stay in Hodl, and what they place is an army of bots to move the market, there are many orders of 1 contract or 1usd, there are many, this is only possible through bots, however, trading for whales do it more safely, because when handling large volumes they can quickly program their movements and generate a major impact of the market, the leverage is very dangerous, especially 100x, they are the first liquidated, many times even in 10x they are liquidated, I believe that trading in Bitmex is feeling 100% adrenaline.

Here a information:

Jun20 BTC Futures are now live on
@BitMEXdotcom
, currently trading at a +4.5% annualized basis.

Source: https://twitter.com/skewdotcom/status/1205461768476274690

If we are losing it means it’s our mistakes because we all have a brain but we need to use it properly. We should not give those whales any chance to play with our feeling and profit. Just don’t panic your saving you will be safe from whales if we will give them chances to earn from our money so they will surely take advantage of us.

[MWesterweele]

Whales do have enough money to manipulate the market but these whales of bitcoin doesn't really need to be whales of the regular financial world. We are talking about new money here, people who became rich thanks to bitcoin only few years ago, they got in 10 years ago at earliest or even closer and now they are super rich thanks to bitcoin and they can make moves that nobody else can do.

Yeah, they could be getting help from other people who are old money but that doesn't mean that old money was involved and now doing whale moves all by themselves. People like Craig Wright do not act alone and they never will but no wall street guy got into bitcoin too early to make whale moves neither. They have the power and bitcoin early birds have the money so together they get richer and richer.

They can do whatever they wanted in the market since they are very capable enough they own a lot of money, they can easily get the market dump or pumps when they want to. The hard thing is we are affected by this too much , we should go with the flow that they are creating so we will not be left behind everything and it would not be a big loss for ourselves.

[bettercrypto]

You are absolutely right here! The crypto market always going under whales manipulation! Sometimes we think whales stopped when the price goes up, but they are truly good players, you never know about whales manipulate activity! And I think for their shitty activity, crypto is not getting its real value!

What do you mean Crypto is not getting its real value? Did the whales not manipulate prices with real values? I believe that Whale can manipulate prices in the market.

You did not get me perfectly, I was saying what you replied here. The crypto is manipulating by the whales, that's why the price goes highly ups and down all the time. Whales can dump the whole crypto market within an hour and create a panic to make people sell their tokens so the whale can fill their bags again.

That's the rule of life brother. If you are a whale, I think you will also make a way just to add your funds. Remember that the mentality of a business minded person will not be fair in terms of profits. They want to have more profits than normal worker and salary earner. Just like in trading, you will not let yourself lose a large amount just for the sake of noobs but you will get what you want to make.

[Divinespark]

You are absolutely right here! The crypto market always going under whales manipulation! Sometimes we think whales stopped when the price goes up, but they are truly good players, you never know about whales manipulate activity! And I think for their shitty activity, crypto is not getting its real value!

What do you mean Crypto is not getting its real value? Did the whales not manipulate prices with real values? I believe that Whale can manipulate prices in the market.

You did not get me perfectly, I was saying what you replied here. The crypto is manipulating by the whales, that's why the price goes highly ups and down all the time. Whales can dump the whole crypto market within an hour and create a panic to make people sell their tokens so the whale can fill their bags again.

You are absolutely right, this market is completely manipulated by whales. Because the total market capitalization is too low compared to other financial markets so we can see the price of altcoin or BTC rise or fall a lot of times in a short time. We can't do anything more, we should hope that this market is more popular and market capitalization increases, so whales will be less likely to manipulate the market.

[Savemore]

You are absolutely right here! The crypto market always going under whales manipulation! Sometimes we think whales stopped when the price goes up, but they are truly good players, you never know about whales manipulate activity! And I think for their shitty activity, crypto is not getting its real value!

What do you mean Crypto is not getting its real value? Did the whales not manipulate prices with real values? I believe that Whale can manipulate prices in the market.

You did not get me perfectly, I was saying what you replied here. The crypto is manipulating by the whales, that's why the price goes highly ups and down all the time. Whales can dump the whole crypto market within an hour and create a panic to make people sell their tokens so the whale can fill their bags again.

You are absolutely right, this market is completely manipulated by whales. Because the total market capitalization is too low compared to other financial markets so we can see the price of altcoin or BTC rise or fall a lot of times in a short time. We can't do anything more, we should hope that this market is more popular and market capitalization increases, so whales will be less likely to manipulate the market.

In every type of market there are people who posses power to manipulate the market. In cryptocurrency market, there are whales who have a large amount of portfolio. They can easily pump and dump a certain coin because of the large amount that they have. But even though they can control the market, we can still make profit by using different kind of strategies.

[Gheka]

You are absolutely right here! The crypto market always going under whales manipulation! Sometimes we think whales stopped when the price goes up, but they are truly good players, you never know about whales manipulate activity! And I think for their shitty activity, crypto is not getting its real value!

What do you mean Crypto is not getting its real value? Did the whales not manipulate prices with real values? I believe that Whale can manipulate prices in the market.

You did not get me perfectly, I was saying what you replied here. The crypto is manipulating by the whales, that's why the price goes highly ups and down all the time. Whales can dump the whole crypto market within an hour and create a panic to make people sell their tokens so the whale can fill their bags again.

You are absolutely right, this market is completely manipulated by whales. Because the total market capitalization is too low compared to other financial markets so we can see the price of altcoin or BTC rise or fall a lot of times in a short time. We can't do anything more, we should hope that this market is more popular and market capitalization increases, so whales will be less likely to manipulate the market.

Why can't we do anything? If we only accept the manipulation and live on the whale's expectations, that really only makes us soon dismissed by these whales, remember who we are and what we can do in the market, we are traders and investors, our mission is to monitor the market and turn the market into our second home. Whales can manipulate, we can also use their manipulation becomes the way to make money, and the principle is very simple, sensitive and using the brain, we are the winner

[BitHodler]

But even though they can control the market, we can still make profit by using different kind of strategies.

If you have the luck to be on their side of the trade, then sure, you can benefit from their pump and dump agendas, but people tend to be so greedy that even when the price pumps, they sell too late because they expect higher prices.

Getting in and out of a trade sounds easy, but most people struggle with that. You need to set certain targets for yourself at which you take profits.... for example, take profits at 5% when your trade was a profitable one. Don't wait longer than necessary.

[Golftech]

You are absolutely right here! The crypto market always going under whales manipulation! Sometimes we think whales stopped when the price goes up, but they are truly good players, you never know about whales manipulate activity! And I think for their shitty activity, crypto is not getting its real value!

What do you mean Crypto is not getting its real value? Did the whales not manipulate prices with real values? I believe that Whale can manipulate prices in the market.

You did not get me perfectly, I was saying what you replied here. The crypto is manipulating by the whales, that's why the price goes highly ups and down all the time. Whales can dump the whole crypto market within an hour and create a panic to make people sell their tokens so the whale can fill their bags again.

Whale dive created huge panics to all weak holders they perfectly knew that with such actions a lots of people will follow and full their bags, same deal with how they creates artificial pumped, fomos will buy afraid that the train will leave them not knowing that at the very peak whales will dumped everything and sucked out their profits. Leaving more people in trapped or force to sell with huge losses.

[Xxmodded]

You are absolutely right here! The crypto market always going under whales manipulation! Sometimes we think whales stopped when the price goes up, but they are truly good players, you never know about whales manipulate activity! And I think for their shitty activity, crypto is not getting its real value!

What do you mean Crypto is not getting its real value? Did the whales not manipulate prices with real values? I believe that Whale can manipulate prices in the market.

You did not get me perfectly, I was saying what you replied here. The crypto is manipulating by the whales, that's why the price goes highly ups and down all the time. Whales can dump the whole crypto market within an hour and create a panic to make people sell their tokens so the whale can fill their bags again.

Whale dive created huge panics to all weak holders they perfectly knew that with such actions a lots of people will follow and full their bags, same deal with how they creates artificial pumped, fomos will buy afraid that the train will leave them not knowing that at the very peak whales will dumped everything and sucked out their profits. Leaving more people in trapped or force to sell with huge losses.

Panic moment always become bad thing for investor and trader in bitcoin, they can't control their emotion by many people ask him for selling assets with lower price, although holding not give chance to higher price but need time for seeing our assets back with higher price again, maybe just needed little moment how to get profit back with bitcoin and altcoin.

[sovie]

Whale dive created huge panics to all weak holders they perfectly knew that with such actions a lots of people will follow and full their bags, same deal with how they creates artificial pumped, fomos will buy afraid that the train will leave them not knowing that at the very peak whales will dumped everything and sucked out their profits. Leaving more people in trapped or force to sell with huge losses.

Its all about how strong your nerves are when whole market is bleeding. Whales are called whales for some reasons and one is they never sell in panic nor lose hope, no matter how much worse conditions are. The problem with small fishes are that they only wanna jump in when market is high and don't wanna stay when its down. Thats why they always remain small fishes who are eaten by whales.

[Karmakid]

Whale dive created huge panics to all weak holders they perfectly knew that with such actions a lots of people will follow and full their bags, same deal with how they creates artificial pumped, fomos will buy afraid that the train will leave them not knowing that at the very peak whales will dumped everything and sucked out their profits. Leaving more people in trapped or force to sell with huge losses.

Its all about how strong your nerves are when whole market is bleeding. Whales are called whales for some reasons and one is they never sell in panic nor lose hope, no matter how much worse conditions are. The problem with small fishes are that they only wanna jump in when market is high and don't wanna stay when its down. Thats why they always remain small fishes who are eaten by whales.

Indeed. The whales are so patient and they have a lot of dedication to the market that they know what is really going on. They have a lot of capital also and that is their edge since they can manipulate the market. I would suggest for the small traders like us to do not enter the market when it doesn't show any clear direction. Only trade or invest when the market has a proof of going up.

[drachman]

Whale dive created huge panics to all weak holders they perfectly knew that with such actions a lots of people will follow and full their bags, same deal with how they creates artificial pumped, fomos will buy afraid that the train will leave them not knowing that at the very peak whales will dumped everything and sucked out their profits. Leaving more people in trapped or force to sell with huge losses.

Its all about how strong your nerves are when whole market is bleeding. Whales are called whales for some reasons and one is they never sell in panic nor lose hope, no matter how much worse conditions are. The problem with small fishes are that they only wanna jump in when market is high and don't wanna stay when its down. Thats why they always remain small fishes who are eaten by whales.

Indeed. The whales are so patient and they have a lot of dedication to the market that they know what is really going on. They have a lot of capital also and that is their edge since they can manipulate the market. I would suggest for the small traders like us to do not enter the market when it doesn't show any clear direction. Only trade or invest when the market has a proof of going up.

Many investors are always complaining about the whales but they got that position for a reason, while it is impossible for any normal trader to become a whale we can still profit from the market as long as we understand very clearly that the whales have the whole advantage when it comes to the market and it is not a good idea to antagonize them, if you make a trade and the market goes against it there is not reason to keep holding that position and we must get out immediately just in case the whales were planning a huge movement in that direction.

[the rise]

Whales is more active in targeting the derivatives market and it is not uncommon to eat traders who are not very ready with their capital strategy. Bitmex is the most crowded market to see them at the moment. We as ordinary spot traders are actually not affected frontally because the portfolio does not refer to liquidation prices. Whales also may not always be able to control the market because they too will definitely fail with certain experiments.

[wajik-tempe]

Whales is more active in targeting the derivatives market and it is not uncommon to eat traders who are not very ready with their capital strategy. Bitmex is the most crowded market to see them at the moment. We as ordinary spot traders are actually not affected frontally because the portfolio does not refer to liquidation prices. Whales also may not always be able to control the market because they too will definitely fail with certain experiments.

Usually whales are not only play in market and also they won't did things alone, there must be a group of whales which having more than thousand bitcoins each. they will spread into many markets and bought the coins that they want to pump (usually a coin with not so big volume). I think big coins won't able to controlled by whales because of the big volume.

[MWesterweele]

Whales is more active in targeting the derivatives market and it is not uncommon to eat traders who are not very ready with their capital strategy. Bitmex is the most crowded market to see them at the moment. We as ordinary spot traders are actually not affected frontally because the portfolio does not refer to liquidation prices. Whales also may not always be able to control the market because they too will definitely fail with certain experiments.

Because the mindset of whales are different from a newbie trader or a common trader, they are futuristic and ambitious , they have goals ,so they are risking their money in exchange for a bigger plans and bigger profit, we people are afraid to lose too much when we can gain too much as well. They are focusing on investment rather than loses.

[Natalim]

That's really true, whales keep manipulating the market so everything is easy to them.

Making money with just a little movement for them is possible and it's more possible because there are investors who risk investing but does not have enough knowledge on what they are doing, that's the reality for now but hopefully small investors will be educated in the future so whales power to manipulate us will decrease.

[Distinctin]

Whales is more active in targeting the derivatives market and it is not uncommon to eat traders who are not very ready with their capital strategy. Bitmex is the most crowded market to see them at the moment. We as ordinary spot traders are actually not affected frontally because the portfolio does not refer to liquidation prices. Whales also may not always be able to control the market because they too will definitely fail with certain experiments.

Because the mindset of whales are different from a newbie trader or a common trader, they are futuristic and ambitious , they have goals ,so they are risking their money in exchange for a bigger plans and bigger profit, we people are afraid to lose too much when we can gain too much as well. They are focusing on investment rather than loses.

They are smart, proactive and always taking advantage of every opportunity that they saw. We know such manipulation capabilities and it is not quite new to us this kind of scheme. But I'm so thankful also to my part and because of them, volatility still strong that makes the market more alive and even more profitable when you'll go along with them.

[Triffin]

That's really true, whales keep manipulating the market so everything is easy to them.

Making money with just a little movement for them is possible and it's more possible because there are investors who risk investing but does not have enough knowledge on what they are doing, that's the reality for now but hopefully small investors will be educated in the future so whales power to manipulate us will decrease.

Yes not about their mind-set but their own planning as they take advantage of New traders by misleading them. They will give fake promises and those who are unaware or having lack of knowledge will listen to them. That’s why new trader who listen to whales and sell their coins will suffer lose while whales will get high value coin at low price.

[bitbunnny]

That's really true, whales keep manipulating the market so everything is easy to them.

Making money with just a little movement for them is possible and it's more possible because there are investors who risk investing but does not have enough knowledge on what they are doing, that's the reality for now but hopefully small investors will be educated in the future so whales power to manipulate us will decrease.

I can't beleive that everyone thinks how whales are guilty for everything and every.time when price isn't favourable whales are to blame.
I definetely wouldn't agree with that and I think it's irony that everyone claims Bitcoin is independent and on the other hand that is manipulated by individuals or groups of individuals.

[Capt00]

That's really true, whales keep manipulating the market so everything is easy to them.

Making money with just a little movement for them is possible and it's more possible because there are investors who risk investing but does not have enough knowledge on what they are doing, that's the reality for now but hopefully small investors will be educated in the future so whales power to manipulate us will decrease.

Yes not about their mind-set but their own planning as they take advantage of New traders by misleading them. They will give fake promises and those who are unaware or having lack of knowledge will listen to them. That’s why new trader who listen to whales and sell their coins will suffer lose while whales will get high value coin at low price.

Depending on how you understand the situation and as well how these will act violently, coz I don't think it is a kind of misleading when they pump a certain coin and then dump later on. If you are a trader, you'll know already how these whales do their job and in the first place, why we have to buy this coin when it is already been lifted high because of hypes and not because there is an increase in demand. That is why we should have to think first and do research in order to know if this is manipulated or not.

[novaprime]

That's really true, whales keep manipulating the market so everything is easy to them.

Making money with just a little movement for them is possible and it's more possible because there are investors who risk investing but does not have enough knowledge on what they are doing, that's the reality for now but hopefully small investors will be educated in the future so whales power to manipulate us will decrease.

I can't beleive that everyone thinks how whales are guilty for everything and every.time when price isn't favourable whales are to blame.
I definetely wouldn't agree with that and I think it's irony that everyone claims Bitcoin is independent and on the other hand that is manipulated by individuals or groups of individuals.

Whales will never tell you current profits and this is something I can predict. In fact, they are market manipulators and can make you feel sad or happy so you need to be very careful in trading and always calm before investing. In addition, they have control of this market and cause the coin to rise unexpectedly, so these are the coins you should stay away from when trading.

Of course, whales will always win and they will still make money this way for a long time so be prepared with the knowledge needed to survive.

[chip1994]

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.

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.

Yes, I thank you for warning me. but as far as I know it is at Bitmex which has a copy trading function for all types of accounts. and this is really a huge trap. I have seen Chinese and Russian accounts grow over 25k% in 1 trading month. After that, when I learned more about the information, many people said that those accounts were just bots and it enticed us to copy trading and then lose money. So don't trust the virtual number on the leaderboard, it's just a trap.

[sana54210]

Whales is more active in targeting the derivatives market and it is not uncommon to eat traders who are not very ready with their capital strategy. Bitmex is the most crowded market to see them at the moment. We as ordinary spot traders are actually not affected frontally because the portfolio does not refer to liquidation prices. Whales also may not always be able to control the market because they too will definitely fail with certain experiments.

I suppose it is the affect of being a pump/dump all by themselves not only in crypto but all around the world that affects it.

The most known thing for example is "warren buffet affect" on stocks, when he buys a stock even if it is actually good or bad, people buy that stock as well thinking he knows what he is doing and that is why he is investing into the stock. If nothing else happens it surely will attract more attention for that stock and everyone will look into it differently, which causes for price to actually go up and makes him right at one point.

Stock didn't go up because it deserved to (maybe it did) but because he bought it, so he himself makes himself rich by investing into anything. That kind of stuff happens in crypto as well when a rich whale buys millions of dollars worth of ANY coin at all.

[Visbay]

That's really true, whales keep manipulating the market so everything is easy to them.

Making money with just a little movement for them is possible and it's more possible because there are investors who risk investing but does not have enough knowledge on what they are doing, that's the reality for now but hopefully small investors will be educated in the future so whales power to manipulate us will decrease.

I can't beleive that everyone thinks how whales are guilty for everything and every.time when price isn't favourable whales are to blame.
I definetely wouldn't agree with that and I think it's irony that everyone claims Bitcoin is independent and on the other hand that is manipulated by individuals or groups of individuals.

Yes, panic or price falls people are equally responsible it’s because we lose money in trading for our own mistakes as when people whom you don’t know asks you to do something and you follow them so it’s ridiculous better keep your own coins safe and whales are there to discourage you and make you sell panic,  you give whales chances to take your profit and make you lose. Sony listens to them when they spread bad news.

[Mumbeeptind1963]

They are smart, proactive and always taking advantage of every opportunity that they saw. We know such manipulation capabilities and it is not quite new to us this kind of scheme. But I'm so thankful also to my part and because of them, volatility still strong that makes the market more alive and even more profitable when you'll go along with them.

They can read and understand the market very well, that is why it is too easy for them to manipulate it. They became rich because of their strategies and skills that has been develop thru time. We need to have a mindset like them, they  are not afraid to take risk, they can experienced losses as well but they are more focus on the good side and how to improve their investments.

[Shasha80]

In my opinion it's only natural that the whales get richer, while others suffer losses. Because whales have very much capital, with these capital
whales can manipulate the market. So for whales want any market conditions can still be profitable, because whales take advantage of someone's
panic. So if people panic sell, whales will accommodate a coin when the price is low. Then when people panic buy, whales will take profit by making
a dump in market. We really have to be careful when prices suddenly go up or prices suddenly go down, do not rush to take a decision. Because
prices that move suddenly in the market are most likely to be market manipulation of whales.

[avatar_kiyoshi]

That's really true, whales keep manipulating the market so everything is easy to them.

Making money with just a little movement for them is possible and it's more possible because there are investors who risk investing but does not have enough knowledge on what they are doing, that's the reality for now but hopefully small investors will be educated in the future so whales power to manipulate us will decrease.

Whales is the one of market instruments, they are who can move the price to volatile. Like OP said, trading is zero sum game where there will be a winners and losers, it's depends on your choice.
We can't stop those whales, but we can follow their pattern, although I'm sure it's need a lot effort, time and experience.

[rijaljun]

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

First we need to know how many capital needs to be classified as whale. I do believe the market has whales, mini-whales, dolphins and little fishes. But there is no standard to say someone is a whale.

And, I agree with you since every 'whale' is winning since there are other whales that could have different moves in trading and market isn't controlled by only a single whale. As a little fish in the sea, all we can do is to follow most of whales movements and make money from it, and let the other whales lose their investment.

Basically, whales and fish are the same, if you smart enough to know their thoughts, your percentage of profit could be the same.

[Subbir]

Loss is an experience of life without which you can't achieve life presumption you would like to achieve success in life then you would like to find out from loss then you'll benefit within the future, However, you've got to form a profit by living here with profit and loss.

[Wipeout2097]

Whales are major threat for normal traders who make efforts and spend lot of time to collect some BTC,And the whales came suddenly and just disturb your trade.I think to deal with whales and avoid to loose money take trade in long term.

Dont forget t put SL option,and hold till market g in normal. Whales moves are hard t identify when and how much amount of BTC will move no one can exactly predict.Go thoroughly the past trends of markets move the keep eye on the events to make decisions.

[rijaljun]

Whales are major threat for normal traders who make efforts and spend lot of time to collect some BTC,And the whales came suddenly and just disturb your trade.I think to deal with whales and avoid to loose money take trade in long term.

I would love to delete this kind of thought.

They do have lot efforts too, they have made enough money and be a whale, you can too. Instead of blaming them for your loss, I would rather try to compete them or just follow thoughts on making moves so I wouldn't lose my money in my investment.

[hv_]

If there is a bounty to earn profits there will be always wales.

Keep the rules open, simple and stable then no whale will survive for long term. Thats ideal capitalism

Stable oligarchy of whales need central (fishy) protectionism. Thats communism

[MWesterweele]

Whales are major threat for normal traders who make efforts and spend lot of time to collect some BTC,And the whales came suddenly and just disturb your trade.I think to deal with whales and avoid to loose money take trade in long term.

Dont forget t put SL option,and hold till market g in normal. Whales moves are hard t identify when and how much amount of BTC will move no one can exactly predict.Go thoroughly the past trends of markets move the keep eye on the events to make decisions.

I think it can only be a threat if we will treat them as our competitor, but if you will go with their flow I mean when its bear market we should buy, because they are buying too, when bull market it is our time to sell as soon as possible , because if we wont do this things we can manipulate by them as well, always look for the good things in this scenario.

[Edraket31]

Whales are major threat for normal traders who make efforts and spend lot of time to collect some BTC,And the whales came suddenly and just disturb your trade.I think to deal with whales and avoid to loose money take trade in long term.

Dont forget t put SL option,and hold till market g in normal. Whales moves are hard t identify when and how much amount of BTC will move no one can exactly predict.Go thoroughly the past trends of markets move the keep eye on the events to make decisions.

I think it can only be a threat if we will treat them as our competitor, but if you will go with their flow I mean when its bear market we should buy, because they are buying too, when bull market it is our time to sell as soon as possible , because if we wont do this things we can manipulate by them as well, always look for the good things in this scenario.

That's the reality, they are really our real competitor and will always be our greatest competitor of all time, as they can manipulate the price as well as our mind, and since we are just normal people, it is up to our strategy how we are going to make strategies. How we are going to have profit despite the fact that they are playing with the market.

[FLoving]

Whales are major threat for normal traders who make efforts and spend lot of time to collect some BTC,And the whales came suddenly and just disturb your trade.I think to deal with whales and avoid to loose money take trade in long term.

Dont forget t put SL option,and hold till market g in normal. Whales moves are hard t identify when and how much amount of BTC will move no one can exactly predict.Go thoroughly the past trends of markets move the keep eye on the events to make decisions.

Actually the whales are very genius and expert in the crypto trading, these whales know that the future of bitcoin is much brighter and they do not sell their coins while normal traders always remain in doubt, the whales try to buy as much as possible when they see the price decreasing to bottom while normal traders sell as much as possible when they see the price dumping. These are the tactics which the whales do to become rich.

[drachman]

That's really true, whales keep manipulating the market so everything is easy to them.

Making money with just a little movement for them is possible and it's more possible because there are investors who risk investing but does not have enough knowledge on what they are doing, that's the reality for now but hopefully small investors will be educated in the future so whales power to manipulate us will decrease.

I can't beleive that everyone thinks how whales are guilty for everything and every.time when price isn't favourable whales are to blame.
I definetely wouldn't agree with that and I think it's irony that everyone claims Bitcoin is independent and on the other hand that is manipulated by individuals or groups of individuals.

They are not responsible for everything but without a doubt they are responsible of the most significant movements in the market, just look at what is happening today, do you think that bitcoin grew 8% and some altcoins grew as much as 100% in a single day because of the demand of regular investors like ourselves? Of course not that happened because of the whales, they are playing with the price and with us and the only thing that we can do is to hope that we have taken the right position to avoid their manipulations.

[Mahanton]

That's really true, whales keep manipulating the market so everything is easy to them.

Making money with just a little movement for them is possible and it's more possible because there are investors who risk investing but does not have enough knowledge on what they are doing, that's the reality for now but hopefully small investors will be educated in the future so whales power to manipulate us will decrease.

I can't beleive that everyone thinks how whales are guilty for everything and every.time when price isn't favourable whales are to blame.
I definetely wouldn't agree with that and I think it's irony that everyone claims Bitcoin is independent and on the other hand that is manipulated by individuals or groups of individuals.

They are not responsible for everything but without a doubt they are responsible of the most significant movements in the market, just look at what is happening today, do you think that bitcoin grew 8% and some altcoins grew as much as 100% in a single day because of the demand of regular investors like ourselves? Of course not that happened because of the whales, they are playing with the price and with us and the only thing that we can do is to hope that we have taken the right position to avoid their manipulations.

For an unpredictable and volatile market then theres no doubt that manipulation is there.Increasing a significant % on a day
without any news or whatsoever? this doesnt happen on forex or stocks.The thing here is that we should utilize these movement
to make money and avoid losses as much as possible.This market had been like this for years and for old fella who had been
on this place will surely get used to it and its non a surprising thing.

[Inkdatar]

Bitcoin whales have high digital wealth that is why they can highly influence the whole market. They know all the best possible ways of trading in the market that’s why they are becoming richer and richer day by day. In moving higher, whales take the market in the direction they want making other traders losers. They manipulate with the other traders for their own benefit.

They indeed manipulate the market since whales has the large volume to manipulate prices. This is mostly happen when traders get in whales exists to grab the opportunity in buying coins at a low price. Well that's true they move at their own risks so they will benefited and can earn profit.

[LogitechMouse]

I knew it already since I learned many things regarding trading and crypto in general.

It is almost the same as our current world is right now. The rich are getting richer and the poor are getting poorer. Same in crypto, the rich which are the whales are becoming richer and the poor who are the newbie investors are getting poorer. Unless you can trade with perfect accuracy and all of your bets are profit then you can be a whale in the future but that is impossible.

Some are saying "Follow the whales". The question is Do you know when they will pump it?? Unless you have an insider from them then you can but most of us here doesn't have so whales can pump the market while we are sleeping or while we are having a bath. They can pump it anytime they want and dump it anytime they want too.

[drlukacs]

Whales are major threat for normal traders who make efforts and spend lot of time to collect some BTC,And the whales came suddenly and just disturb your trade.I think to deal with whales and avoid to loose money take trade in long term.

I would love to delete this kind of thought.

They do have lot efforts too, they have made enough money and be a whale, you can too. Instead of blaming them for your loss, I would rather try to compete them or just follow thoughts on making moves so I wouldn't lose my money in my investment.

but we don't condemn and lament that no one will hear us and we will forever be bullied. I know that those who have a lot of money will have the right, but for the stock market whoever makes that move will definitely go to jail. We should know that manipulation is a very bad act and deserves punishment. We should condemn this together and expect some miracle of salvation. If we forever accept the fry, we will soon be eaten by sharks.

[Taskford]

Whales are major threat for normal traders who make efforts and spend lot of time to collect some BTC,And the whales came suddenly and just disturb your trade.I think to deal with whales and avoid to loose money take trade in long term.

I would love to delete this kind of thought.

They do have lot efforts too, they have made enough money and be a whale, you can too. Instead of blaming them for your loss, I would rather try to compete them or just follow thoughts on making moves so I wouldn't lose my money in my investment.

but we don't condemn and lament that no one will hear us and we will forever be bullied. I know that those who have a lot of money will have the right, but for the stock market whoever makes that move will definitely go to jail. We should know that manipulation is a very bad act and deserves punishment. We should condemn this together and expect some miracle of salvation. If we forever accept the fry, we will soon be eaten by sharks.

It's bad act but still exist in crypto market and we cannot identify them up since they are trading anonymously , but we can ride them up if we can see a movement but we should watch it closely since pump in dump scheme happens in quick instance.

We should not think about being bullied since it's not existing if we know how to defy it.

[posi]

Whales are major threat for normal traders who make efforts and spend lot of time to collect some BTC,And the whales came suddenly and just disturb your trade.I think to deal with whales and avoid to loose money take trade in long term.

I would love to delete this kind of thought.

They do have lot efforts too, they have made enough money and be a whale, you can too. Instead of blaming them for your loss, I would rather try to compete them or just follow thoughts on making moves so I wouldn't lose my money in my investment.

but we don't condemn and lament that no one will hear us and we will forever be bullied. I know that those who have a lot of money will have the right, but for the stock market whoever makes that move will definitely go to jail. We should know that manipulation is a very bad act and deserves punishment. We should condemn this together and expect some miracle of salvation. If we forever accept the fry, we will soon be eaten by sharks.

It's bad act but still exist in crypto market and we cannot identify them up since they are trading anonymously , but we can ride them up if we can see a movement but we should watch it closely since pump in dump scheme happens in quick instance.

We should not think about being bullied since it's not existing if we know how to defy it.

Crypto price manipulation may seem to be a bad act to you but the foundation of the crypto market are built on manipulation right from the moment they are said to be volatile and what i believe we need the most is to have adequate knowledge about the market.
Nevertheless, we can't really say whales trade anonymously but they trade through OTC sometime.

[Yatsan]

I knew it already since I learned many things regarding trading and crypto in general.

It is almost the same as our current world is right now. The rich are getting richer and the poor are getting poorer. Same in crypto, the rich which are the whales are becoming richer and the poor who are the newbie investors are getting poorer. Unless you can trade with perfect accuracy and all of your bets are profit then you can be a whale in the future but that is impossible.

I couldn't agree more with this, I'm not rich in real life either I must say I belong to the average class of people. Believe it or not, there is huge gap between rich and poor in terms of physical value, that's the edge of rich people they can easily pull up things when they wanted to unlike the poor ones. Same pattern here in crypto spacce, whales are big fishes scattered in the sea, most of them are daring to hunt the small fishes for their own good while small fishes hunts their food and needs a long time to grow along with the whales. However you can't blame anyone for what they have, it is given to them by the cruel life.

Some are saying "Follow the whales". The question is Do you know when they will pump it?? Unless you have an insider from them then you can but most of us here doesn't have so whales can pump the market while we are sleeping or while we are having a bath. They can pump it anytime they want and dump it anytime they want too.

"Follow the Whales" is too optimistic for me, if you were just a small investor/holder you will not consider the hold until it gets zero option, why? because basically whales do afford to lose, As simple as that. Aside the effect of you compared to the whales are incomparable.

[lagoon88]

Well, whales have got a lot of money, so they have long been dominating Bitcoin trading and have been getting richer and richer day by day. On the other hand, ordinary traders haven't been doing well, most of them have been losing side.

[bitgolden]

Maybe regulations in the crypto world wouldn't be so bad, the trouble is that who will be making those regulations. Think about it, the reality is "capitalism" is not really bad, "socialism" is not bad neither, any type of economical policy is actually "not bad" in its nature, all of them promotes to be good and powerful and healthy and being together but in the end few people get greedier and greedier and the world collapses because they wanted to have a new yacth every single year and enough money to buy a small island to all their relatives (or whatever people do with billions, really it is endless what they can do) so in the end maybe regulations would help close the gap between poor and wealthy in crypto or generally in the world but maybe politicians are not really the correct people who should be doing it.

[Jating]

Well, whales have got a lot of money, so they have long been dominating Bitcoin trading and have been getting richer and richer day by day. On the other hand, ordinary traders haven't been doing well, most of them have been losing side.

I don't know, but average joe can also make a lot of money here, as long as they really know they are doing. I still remember 2017 wherein there are tons of members claiming to earn a lot. So it's not bad though, case-to-case basis. Unless you really gambling everything in crypto, then for sure 2018-2019 is worst for you.

As far as whales getting their wallet very fat, I guess that the luxury and advantage of being a capitalist. I myself, (outside crypto) is doing this kind of approach, but in return I try to help people as I can and not totally 'use' them to make more money out of their misery.

[Duzter]

Well, whales have got a lot of money, so they have long been dominating Bitcoin trading and have been getting richer and richer day by day. On the other hand, ordinary traders haven't been doing well, most of them have been losing side.

I don't know, but average joe can also make a lot of money here, as long as they really know they are doing. I still remember 2017 wherein there are tons of members claiming to earn a lot. So it's not bad though, case-to-case basis. Unless you really gambling everything in crypto, then for sure 2018-2019 is worst for you.

As far as whales getting their wallet very fat, I guess that the luxury and advantage of being a capitalist. I myself, (outside crypto) is doing this kind of approach, but in return I try to help people as I can and not totally 'use' them to make more money out of their misery.

In simple I find whales making use of the bear market while the average joe fears of investing by that time. This makes the wallet of the whales to be fatter than that of the average joe. In most cases of average joe the earning is limited, and those who have earned big were the one with patience to hold and spend at the right occasion.

[Leviathan.007]

"Money makes money"
Also in the other hand. Imagine we have two traders:
1. A Rich one who doesn't need to go out and work and eating best foods and having best pillow 
2. A Poor one who needs to go out and work and usually thinking about bills, etc..
Ofcourse, the first one can trade much better than the second one.
I hope all you guys be the first one with a good pillow xD

[drachman]

"Money makes money"
Also in the other hand. Imagine we have two traders:
1. A Rich one who doesn't need to go out and work and eating best foods and having best pillow 
2. A Poor one who needs to go out and work and usually thinking about bills, etc..
Ofcourse, the first one can trade much better than the second one.
I hope all you guys be the first one with a good pillow xD

That is only true if those that have that money know how to use it, if you have done everything in your power to learn everything about trading and investing then you will generate more money with your money, but if you got that money just because you were lucky enough to be born in a wealthy family then even if you have money you will not know how to use it to generate even more money and you will eventually lose it and end up like the trader in your second example.

[Karmakid]

"Money makes money"
Also in the other hand. Imagine we have two traders:
1. A Rich one who doesn't need to go out and work and eating best foods and having best pillow 
2. A Poor one who needs to go out and work and usually thinking about bills, etc..
Ofcourse, the first one can trade much better than the second one.
I hope all you guys be the first one with a good pillow xD

That is only true if those that have that money know how to use it, if you have done everything in your power to learn everything about trading and investing then you will generate more money with your money, but if you got that money just because you were lucky enough to be born in a wealthy family then even if you have money you will not know how to use it to generate even more money and you will eventually lose it and end up like the trader in your second example.

That is how important is financial literacy. Financial literacy doesn't choose between poor or rich because it is always up to the person if they are going to have a financial literacy. Financial literacy will help a lot because with their knowledge about finances they can identify if something is worth it to try or if it is just a time and money waster.

[EdvinZ]

Very valuable advice in the first post about to trade on the spot market. But some people in the pursuit of quick profits do not use common sense and open trading positions with maximum leverage. This madness. If you can't do without margin trading, then at least use minimal leverage and stop losses.

[drachman]

"Money makes money"
Also in the other hand. Imagine we have two traders:
1. A Rich one who doesn't need to go out and work and eating best foods and having best pillow 
2. A Poor one who needs to go out and work and usually thinking about bills, etc..
Ofcourse, the first one can trade much better than the second one.
I hope all you guys be the first one with a good pillow xD

That is only true if those that have that money know how to use it, if you have done everything in your power to learn everything about trading and investing then you will generate more money with your money, but if you got that money just because you were lucky enough to be born in a wealthy family then even if you have money you will not know how to use it to generate even more money and you will eventually lose it and end up like the trader in your second example.

That is how important is financial literacy. Financial literacy doesn't choose between poor or rich because it is always up to the person if they are going to have a financial literacy. Financial literacy will help a lot because with their knowledge about finances they can identify if something is worth it to try or if it is just a time and money waster.

Financial literacy is critical, it is known that the majority of those that are rich now were not born rich and instead became rich thanks to their efforts, meaning that wealth does not really last long and that most people end up squandering their wealth because they do not understand how to manage their money, this is similar to what happens to lottery winners in which the majority have to declare bankruptcy just years after winning the lottery because they never knew what kind of effort and skills were needed to get that money.

[wajik-tempe]

Very valuable advice in the first post about to trade on the spot market. But some people in the pursuit of quick profits do not use common sense and open trading positions with maximum leverage. This madness. If you can't do without margin trading, then at least use minimal leverage and stop losses.

Yeah many people are just aiming for quick profits buying rising coins without any technical analysis of even read the news about the coin itself, these kind of people are the targets from the whales to make profits because most of them are often to get trapped and ended loss

[MWesterweele]

"Money makes money"
Also in the other hand. Imagine we have two traders:
1. A Rich one who doesn't need to go out and work and eating best foods and having best pillow 
2. A Poor one who needs to go out and work and usually thinking about bills, etc..
Ofcourse, the first one can trade much better than the second one.
I hope all you guys be the first one with a good pillow xD

That is because of lack of money management, I believe that some rich people now also started from scratch like us, they are not born rich, they just have a good mindset that lead them to success. Everyone keeps complaining that only "rich" people are getting rich in trading because they have many money but the thing is, at first they are not afraid to take a risk in everything.

[Ucy]

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.

Exactly.
Any serious cryptocurrency should by now be considering banning any exchange that is part of price manipulations. Such decision and similar ones should be done democratically, by the affected communities (of thousands/millions of users) and not just a few.
Price movements should be based on real fundamentals and not manipulations.

By the way, price manipulation is done in many ways, and not just on such exchanges. If they are all stopped/prevented, we will probably have only few cryptocoins moving up as they should.

[Apened]

"Money makes money"
Also in the other hand. Imagine we have two traders:
1. A Rich one who doesn't need to go out and work and eating best foods and having best pillow 
2. A Poor one who needs to go out and work and usually thinking about bills, etc..
Ofcourse, the first one can trade much better than the second one.
I hope all you guys be the first one with a good pillow xD

I like this, we all want to make money while sleeping or having a pillow. Good for those who are rich who doesn't need to work but for like me and the others we need to strive for the best to secure our future. For the whales they're always making money in this game most of the time.

[Janation]

I like this, we all want to make money while sleeping or having a pillow. Good for those who are rich who doesn't need to work but for like me and the others we need to strive for the best to secure our future. For the whales they're always making money in this game most of the time.

And you believe that a rich person will not work?

A lot of people will not believe that even if the rich people themselves. There is no way that you will earn money without having a job. Investing and waiting for a profit in time? That is job, holding a stock, that is a job. I heard in the past that there is no way that a person can earn money without having a job, legal or illegal.

[fib123]

this time is very boring and volume less in all market exchanges and binance too. just because of whales are doing all this shit for their own benefit

[gabmen]

I like this, we all want to make money while sleeping or having a pillow. Good for those who are rich who doesn't need to work but for like me and the others we need to strive for the best to secure our future. For the whales they're always making money in this game most of the time.

And you believe that a rich person will not work?

A lot of people will not believe that even if the rich people themselves. There is no way that you will earn money without having a job. Investing and waiting for a profit in time? That is job, holding a stock, that is a job. I heard in the past that there is no way that a person can earn money without having a job, legal or illegal.

Well most of these rich people had to go through what we we're experiencing everyday. People like jack ma, mark zuckerberg, bill gates, manny pacquiao, all these weren't born rich. Perseverance, hard work and being smart with what they're doing paved the way to their success. And whales aren't the only ones making good money out of crypto. They make waves and we just need to find ways on how to ride those waves.

[carlisle1]

because they are the one who manipulates the market so expect them bagging money from time to time,and this hinders crypto from Growing up because of not balanced profiting inside.

this time is very boring and volume less in all market exchanges and binance too. just because of whales are doing all this shit for their own benefit

expect more of this if people still don't learn not to ride those manipulated pumps and we must learn how to counter their strategy so we can gain even if they are the one who's fooling us.

[supercanada1]

I like this, we all want to make money while sleeping or having a pillow. Good for those who are rich who doesn't need to work but for like me and the others we need to strive for the best to secure our future. For the whales they're always making money in this game most of the time.

And you believe that a rich person will not work?

A lot of people will not believe that even if the rich people themselves. There is no way that you will earn money without having a job. Investing and waiting for a profit in time? That is job, holding a stock, that is a job. I heard in the past that there is no way that a person can earn money without having a job, legal or illegal.

You are right. They are making the most out of trading nowadays because they are trying and making greater efforts than the ones like us who want to achieve more without doing anything. We are sleeping in fact it would not be wrong to say that we are lagging behind due to some of the drawbacks in terms of the skills or experience.

[Gheka]

This is also true. Those who have more money are getting richer and luckier. because they have the same opportunity with us, but then we only make a little money but they earn a hundred times more money than us. Besides, those who have money often have power and it is the main power in this market. manipulation is ongoing to kill offspring like us. So never against the trend that the whales have created. Watch it and follow the signals, that's the best way for us to be more profitable.

Indeed, too much money always creates an unfairness between us and the whales but this life always follows the same trend, we can't blame and they know their superiority and they use it to attack us, that's normal. Direct opposition to them will never be a wise choice, what we need to do is to turn their advantage into our opportunity, exactly as you say, follow them and live in their thoughts, they will go ahead and help us get a share of the profits in what they earn, resistance is only damage and the most damage is just us, they don't have too much influence

[angrynerd88]

Big whales come in the market for own purpose and it some time poistive for existing traders and some time they face huge losses. Whales inject massive amount of Bitcoin and take away also for achieve their price for buy and sell.
To deal with whales traders should use option of stop loss limit to avoid losses and before putting a trade also consider the move of whales and put trade wisely to get good profit and avoid losses.

[huige007]

this time is very boring and volume less in all market exchanges and binance too. just because of whales are doing all this shit for their own benefit

This time is not boring in the market, it is very effective and precious time. If you have Bitcoins hold it to them until halving because that will give you big benefits and if you want to do daily trading, invest your money in meaningful way to avoid risk and increase benefits. If you are consider this time boring may be you do not have enough knowledge about the market trend or you are believing some rumors.

[drachman]

I like this, we all want to make money while sleeping or having a pillow. Good for those who are rich who doesn't need to work but for like me and the others we need to strive for the best to secure our future. For the whales they're always making money in this game most of the time.

And you believe that a rich person will not work?

A lot of people will not believe that even if the rich people themselves. There is no way that you will earn money without having a job. Investing and waiting for a profit in time? That is job, holding a stock, that is a job. I heard in the past that there is no way that a person can earn money without having a job, legal or illegal.

That is a false belief that many people have, they think those that are rich do not need to work when that is completely false the one that is rich most likely got there by working really hard at it and spending many nights without sleep thinking about what he could do to improve himself or his business and until people have that kind of mindset then most people are never going to get to that level of wealth which is a shame.

[canamani]

As on the main rule is the more money you have make comes more money, well  many whales have other business and they only invest on crypto to get more.

[Subbir]

As on the main rule is the more money you have make comes more money, well  many whales have other business and they only invest on crypto to get more.

Take the bitcoin trading market to the height of further improvement When these whales are ready to understand they're in loss they show their influence within the market. Different strategies are pursuing their interests that's why we all need to trade our own research without taking note of false rumors.

[Janation]

Different strategies are pursuing their interests that's why we all need to trade our own research without taking note of false rumors.

And how will we be able to do that?

The reason that a lot of investors earn and be successful is to follow other investors that are much more successful than them. I am not saying that they can't do their own research, they can it is just that it is better also to follow other investors so they can have an idea. Scam or these false rumors are inevitable but with the knowledge that they have and the other investors that can detect these kinds of ploys will be fine.

[SquallLeonhart]

The problem in that method is the fact that its very hard to find investors who are better than us. Maybe the guy I follow made 100%+ in the last weeks but he will have a horrible week this following week so it wouldn't be smart to follow him around?

I wouldn't know if he will have an amazing week or a bad one, if I get in at the worst week of his performance than I will have to keep following him and hope he will make insane amount of profit in the long run so that I can recover from what I have lost and not really make a profit. That is why doing your own research while starting out is very important, in order to find the best type of candidate to follow, you have to do your own research as well, so in the end, no matter what you want to do, you have to do your own research for everything.

[FanEagle]

In mathematics things could have the same sort of % and the changes, however in finances the difference is bigger than you could imagine. Just to give an example if you own 100 million dollars and you have to spend 1 million dollars on something, it is not always equal to you having 100 dollars and spending 1 dollars of it. Mainly because your 100 million dollars would continue to make you money while you wait, whereas your 100 dollars will be finished by the end of the day/week/month depending on where you live.

So, rich people do get richer because even when they spend money, or lose money, or invest it, they are also making it back from somewhere else, warren buffet could have a %10 negative year and would still be up in total thanks to all his income. Poor people get poor because the money we lose, will never come back and could never be recovered.

[Twentyonepaylots]

In mathematics things could have the same sort of % and the changes, however in finances the difference is bigger than you could imagine. Just to give an example if you own 100 million dollars and you have to spend 1 million dollars on something, it is not always equal to you having 100 dollars and spending 1 dollars of it. Mainly because your 100 million dollars would continue to make you money while you wait, whereas your 100 dollars will be finished by the end of the day/week/month depending on where you live.

So, rich people do get richer because even when they spend money, or lose money, or invest it, they are also making it back from somewhere else, warren buffet could have a %10 negative year and would still be up in total thanks to all his income. Poor people get poor because the money we lose, will never come back and could never be recovered.

This is what's happening in the market right now. It's like getting punished for not riding the bitcoin wave when it was just a few cents back then. And there's nothing that we can do about it really other than ensuring that we don't buy hastily or sell without second thought as it will automatically equate as our loss. The whales probably know this, but the thing is unlike with fiat, they don't have that much hold on us. In fiat the richest people could just dump out their investments and we'd all be homeless the very next day. This is probably because cryptocurrencies are still a developing technology.

That's my insight regarding this issue. Kind of disheartening, but we can't really do something about it other than the one I have stated above.