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

[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.