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

[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

[1715086362]

1715086362

[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.