Why We People Cannot Think Like Whales 🐋 🐳?

[fennic]

First of all many members will roast me and will say that where you got such idea, why are you bluffing but this is Bitcoin discussion, so I thought that I should share something.

1) Many Of Small traders always got into the Trap of Whales? Why?

2) There are Always Ponzi Schemes in All Bull runs like 2027 was ICO big Scam
And Now BIG crypto projects Got scammed in 2022 like Terra Luna, FTX, Solana, Serum etc. They are not just coincidence. These are preplanned Scams. And that. Sucks.
3) I think that Big Exchanges that are centralized are Big whales cause they know how much volume they have and how many longs and also Shorts. In this way they can Scam with many many wats. And also that is a small reason that we cannot outsmart Whales 🐋🐳.

[1714206671]

1714206671

[1714206671]

1714206671

[1714206671]

1714206671

[1714206671]

1714206671

[1714206671]

1714206671

[teosanru]

First of all many members will roast me and will say that where you got such idea, why are you bluffing but this is Bitcoin discussion, so I thought that I should share something.

1) Many Of Small traders always got into the Trap of Whales? Why?

2) There are Always Ponzi Schemes in All Bull runs like 2027 was ICO big Scam
And Now BIG crypto projects Got scammed in 2022 like Terra Luna, FTX, Solana, Serum etc. They are not just coincidence. These are preplanned Scams. And that. Sucks.
3) I think that Big Exchanges that are centralized are Big whales cause they know how much volume they have and how many longs and also Shorts. In this way they can Scam with many many wats. And also that is a small reason that we cannot outsmart Whales 🐋🐳.

One cannot think like whales because whales Don't do rational things. Like expecting btc to hit bottom after a bull run is rational but expecting that such a big exchange will go insolvent is not rational or thinking that such a big Cryptocurrency will see it's very basic concept flawed is not rational. These all might be planned but normal retail investors can't think of these and everytime it's an entirely new thing that they do. So I think one can only think like them if one becomes one of them.

[Odusko]

The whales can control a centralized market but not Bitcoin, there is no doubt the fact that some of the actions of centralized services may affect the price of the General stock market including Bitcoin but to say the whales control the patterns the market follows may be a false claim in some situation unless centralized coins and exchanges are constantly manipulated by the whales who control the network
In 2017 there was bad news such as China's ban on cryptocurrency and in 2022 we have the luna crashed and FTX crash which are the two big factors that have pulled Bitcoin down to the point it is right now.

[Welsh]

Whales i.e those that have a large share of Bitcoin, will become less influential as time goes on. Bitcoin will become a little more diversified, as these whales sell, and that means there are less single entities holding a large share of Bitcoin. You want whales to sell right now, even if that causes panic selling. Since, you want every opportunity for that whale's share to get distributed among several users.

I keep saying this, but the price of today is irrelevant, and users need to stop getting so obsessed with it, if they're planning on using Bitcoin for a long time or always planning to use it. As for Whales being the culprits to some of the largest scams relating to Bitcoin, I mean probably. Although, that's only because these companies that have become successful have managed to amass a rather large share. It's not that every person who buys a large amount of Bitcoin is going to scam.

[Hamza2424]

Simple
A simple and straightforward answer is you don't have money like Whales.

Reality & Explainantion
Bro as I said above we don't own so much amount of money there are some other reasons as well bro, Do you really think whales go all in the bitcoin or any other asset for an investment opportunity. As we people own limited resources and we don't want to risk it, this is where we are wrong but responsibilities are forcing us to do this. Whales own money + they risk with diversity. Our mindset also plays an important role in this process.

[Flexystar]

Hmm, so if by definition whales are those with huge share of bitcoin then you know very well with that kinda money at your disbursal you can do miracles! The miracles which can collapse the whole ecosystem in a night and just to refresh your memory, I am talking about FTX example. Do you really think that if everyone started to think like FTX or may be some other whale (instituions etc) who are using their funds to manipulate the market or may be when things are out of their hands then they will start dumping the bitcoins and stay in profits all the time?

I dont think so.

Bitcoin is a dish best serve in public circulation.

[BIT-BENDER]

How can I reason like a whale when I am not a whale, it’s very simple whales are people with high amounts of crypto-coin so high that it makes them influential and any move the take has an effect on the market.

And one thing the whale has that you don’t (if you aren’t a whale) is large Money or you haven’t been accumulating when the coin was cheaper, so you ought to first become a whale to be a whale. Many whales don’t associate with decentralized exchanges like binance that’s why their privacy is protected.

[Zilon]

We got the impact on Bitcoin following FTX crash we saw Bitcoin fall. Whales decides how price move because they are the big players of the market if the sell so much Bitcoin in one trade price will have no choice but to go dip. The more the hold the bigger the chances of pumping. Bitcoin is decentralised doesn't mean it doesn't obey the rule of supply and demand.  Whale only apply this rules to decide how the price flow move.

[Upgrade00]

You don't necessarily have to think like anyone, all you have to do is actually "think" before investing. Understand how Bitcoin works and why you plan to invest, plan how to hold your coins safely (cause when investing, privacy and autonomy should be a priority) and without the need for a third party, then you either use Bitcoins as a currency or safe it up as an asset.

Whales do not act in accordance or have a singular way of thinking, so trying to copy such a template is not really practical.

Hmm, so if by definition whales are those with huge share of bitcoin then you know very well with that kinda money at your disbursal you can do miracles! The miracles which can collapse the whole ecosystem in a night and just to refresh your memory,

Whales cannot collapse the whole Bitcoin ecosystem in one night or in a hundred, they can only try to do so and most likely lose their holdings in the process and the market would recover after a while.

[darxiaomi]

Really really simple an in a short way.

You dont thing the same when you are in charge. And there have some real power over his shoulders, and that change everything.

They know one movement from them can change a lot of things and you move in consecuence with that. You take responsibilities, you can imaging how that can be but its not the same when you have the real power in your hands.

[kryptqnick]

The idea of pre-planned series of big crypto scams sounds like conspiracy theory stuff to me, to be honest. As for whales, I believe the concept is overestimated. We have a relatively small number of Bitcoin addresses that contain the vast majority of BTC, but we don't know how many of these addresses belong to single individuals, and in companies, things are often decided collectively, and some things are more likely to happen than others. Moreover, is there any evidence that it is the very rich addresses moving their funds that play a crucial part in the price dynamics of Bitcoin? I don't think so. And since 'whales' as big powerful players that manipulate the market don't sound too real to me, I don't think people should be or think like them. What people should do is be mindful of where they store their money and which projects they choose to support.

[The Cryptovator]

Because they are not whales, everyone cannot think like whales. It's quite simple. To be successful in life, you must have both money and an idea. If you have one, you must work hard to achieve success. So whales have both money and an idea. That is how they make more money while small traders suffer. How will whales make money if there are no small traders? If everyone becomes a whale, the market will be less volatile, which is where traders often make money. Scam, incident, and accident will always be exist. So we must think before jump anywhere.

[yhiaali3]

Because we are simply not whales? We have a different mindset and a different way of thinking.
They are acting and we are reacting and that makes a big difference.
They make the event and we watch and wait what they will do.
They do whatever they want and we just try to benefit from their actions and movements that they make.
We either take advantage of the opportunities they create and try to take some profits if the conditions are favorable or we try to get out with the least loss if the conditions are adverse.
In short, they are market makers and we are forced to submit to the conditions they impose.

[Aanuoluwatofunmi]

1) Many Of Small traders always got into the Trap of Whales? Why?

How does the whales here stand a trap for traders when you hold your money with you, chose and decided to go for crypto projects that are scamming, invest with them because they entice you with amazing and desiring expectations in return, you invest with them and fall a victim at last, who is smarter? that's why the rich may keep getting richer and same procedures to the poor the opposite direction if care is not taken, those that are whales have some demanding principles, task, plan and requirements they meet up with that makes thier sustainability.

2) There are Always Ponzi Schemes in All Bull runs like 2027 was ICO big Scam
And Now BIG crypto projects Got scammed in 2022 like Terra Luna, FTX, Solana, Serum etc. They are not just coincidence. These are preplanned Scams. And that. Sucks.

It's you that should be blamed out of your greediness to have invested and trust them, they never force anyone, you decided to invest with them, but i asked, have you never been informed about bitcoin before?

3) I think that Big Exchanges that are centralized are Big whales cause they know how much volume they have and how many longs and also Shorts.

Do you know that most of these centralized exchanges do have their own tokens and coins they promote along with others they enlisted in their site, all is to thier own interest and not yours.

[CryptoPanda]

Probably because I don’t have tens and hundreds of bitcoins lying around in my wallet. The difference in mindset is understandable, they are called whales for a reason after-all, a person who has maybe 50bitcoins will react differently to a market crash than someone who has 0.1 bitcoin. Whales aren’t average citizens, they are filthy rich and are at liberty to see bitcoin price crashes as buying opportunities while the rest of us think of how much we are losing.

[coolcoinz]

Simple
A simple and straightforward answer is you don't have money like Whales.

Reality & Explainantion
Bro as I said above we don't own so much amount of money there are some other reasons as well bro, Do you really think whales go all in the bitcoin or any other asset for an investment opportunity. As we people own limited resources and we don't want to risk it, this is where we are wrong but responsibilities are forcing us to do this. Whales own money + they risk with diversity. Our mindset also plays an important role in this process.

This is a good answer. A bit too simplified, but true.

Rich people have the comfort of investing money they don't need right now. It's like you investing 100 USD. You could put 100 in this project, 100 in another one and forget it for a few years. You won't feel any pressure. Rich people do the same but they put a million here, a million there and they never get squeezed. Bitcoin goes down by 50% and they lose 500k out of their 50 million, while you, poor guy struggling to pay the rent lose that $50 that could've been fuel for the car. Now you either have to sell at a loss or go to work by bus for a month.

That's why it's so important to build a portfolio that isn't making you uncomfortable, no matter what happens. How do you do it? There are a few options. One is to invest less than 10% of your liquid assets while also having some illiquid ones. For instance, you have a house, a job that brings you 2k a month and 10k saved up in the bank. This means that you only have 10k to invest and you take 1k and buy bitcoin with it. Whatever happens to that investment you won't get into financial trouble.

The second option is to dollar cost average where you don't touch any of your assets but every month take 10% ($200) out of your paycheck and buy bitcoin. This is also a completely safe way to invest.

The third option is for those who had profit from a bull market and withdraw all they've invested + some, leaving only profit in the wallet. Your ROI from this point is above 100% and you've already won with an option to win more.

[irhact]

First of all many members will roast me and will say that where you got such idea, why are you bluffing but this is Bitcoin discussion, so I thought that I should share something.

Nobody will attack you for saying your mind here, this is a open community and every thought is welcomed here. We can't can't like whale because we don't have the resources (information) and privilege that they have and also we don't have their type of money they do, to influence the market. We just have to be wise and take position that'll benefits us which ever directions we think the market will move. Sometimes we don't have to over think things, and just do the simple things like buying and holding Bitcoin instead wanting to trade.

Whales are mostly holdings and they buy into project when everyone is selling. While many common investors are selling their Bitcoin now, whales are accumulating and you should do the same to profit in the future.

[BitcoinPanther]

Simple
A simple and straightforward answer is you don't have money like Whales.

Reality & Explainantion
Bro as I said above we don't own so much amount of money there are some other reasons as well bro, Do you really think whales go all in the bitcoin or any other asset for an investment opportunity. As we people own limited resources and we don't want to risk it, this is where we are wrong but responsibilities are forcing us to do this. Whales own money + they risk with diversity. Our mindset also plays an important role in this process.

I highly agree, we cannot act or pretend to act as one (whale) if we don't have the financial capability since the term whales means the one who has huge amount of shares of the market and possibly have deeper pocket than OP  anticipated.  So even with our knowledge about how the whale act, we cannot do it.  Just like whales feasting on group of minnows, minnows cannot feast on group of minnows.  Minnows can only settle on small profits and can participate via small buy and sells that can hardly affect the market.

[OgNasty]

First of all many members will roast me and will say that where you got such idea, why are you bluffing but this is Bitcoin discussion, so I thought that I should share something.

1) Many Of Small traders always got into the Trap of Whales? Why?
2) There are Always Ponzi Schemes in All Bull runs like 2027 was ICO big Scam
And Now BIG crypto projects Got scammed in 2022 like Terra Luna, FTX, Solana, Serum etc. They are not just coincidence. These are preplanned Scams. And that. Sucks.
3) I think that Big Exchanges that are centralized are Big whales cause they know how much volume they have and how many longs and also Shorts. In this way they can Scam with many many wats. And also that is a small reason that we cannot outsmart Whales 🐋🐳.

The whales aren't always too bright either.  Look at Alameda.  The "real" whales that are accumulating BTC aren't leaving their funds on exchanges or trading them.  They're buying the dip every four years and ignoring everything else.  This is what everyone should be doing.  The problem is that smaller traders don't want to put in the work and time to build a stash.  They want to trade their way to riches quickly, which is why altcoins exist.  You don't have to be worried about whales or anything else if you aren't trading or using leverage.  Just buy and buy and wait until it's useful.  Diversification helps and is important also.

[Kelvinid]

Okay, I'll go straight;
 - whales have different mindsets and have the capability to manipulate the market because they have money
 - whales will take action based on their plan and accomplish it on-time

And why normal investors can't do that, it is because;
 - limited fundings
 - too emotional
 - inconsistent with their plan
 - mostly are just living in short-term goal