Made Money from Spotting what whales are Buying?

[Altcoiner007]

If you are a web3 enthusiast, particularly those active in DeFi and crypto trading, let me know how often you use on-chain analytics platforms like Glassnode, Nansen, or Dune to track whale wallets and top traders' activities.

What do you do with those discoveries? Do you start buying what the whales or big investors are buying, no matter how small your funds are?  Or do you do these just to catch market trends?

[Coyster]

I do not do this, but i am pretty sure there are poeple who do it. This is somewhat similar to copy trading, were people just replicate the trades of another trader, a more experienced trader though. The reason i won't do any of this is that i cannot just buy something because someone else is, does not matter if he is a Whale or an experienced trader.

I like to do my own research and i like my success to depend on me and my research, than on someone else.

[Altcoiner007]

I do not do this, but i am pretty sure there are poeple who do it. This is somewhat similar to copy trading, were people just replicate the trades of another trader, a more experienced trader though. The reason i won't do any of this is that i cannot just buy something because someone else is, does not matter if he is a Whale or an experienced trader.

I like to do my own research and i like my success to depend on me and my research, than on someone else.

How do you do your own research then? Don't your spy on what more experienced traders are buying at a time and the amount they put in which sometimes tells their level of confidence in the project, I guess.

However, I would like to do how you start your own independent research.
 

[Gozie51]

I like to do my own research and i like my success to depend on me and my research, than on someone else.

How do you do your own research then? Don't your spy on what more experienced traders are buying at a time and the amount they put in which sometimes tells their level of confidence in the project, I guess.

However, I would like to do how you start your own independent research.
 

Doing one's research is not about spying on what whale is doing on their trade because that is risky since you also won't know when they will be pulling the rug off your feet. To do one's research is to study the market through charts, volumes, chain analysis, quantitative and qualitative understanding of the market, or fundamentals like news around the crypto space community sentiment or biase on the coin etc.

To follow a trader as copy trading is risky. It is better to take time to learn through your mistakes and build a strategy.

[batang_bitcoin]

If you are a web3 enthusiast, particularly those active in DeFi and crypto trading, let me know how often you use on-chain analytics platforms like Glassnode, Nansen, or Dune to track whale wallets and top traders' activities.

What do you do with those discoveries? Do you start buying what the whales or big investors are buying, no matter how small your funds are?  Or do you do these just to catch market trends?

I don't follow what the whales does and never used those analytics platforms and tools for my trading. Charting is enough but it's also good to rely on some fundamentals if there are whales selling or buying. But, I'm just using possible resources that are normally seen by a normal trader. Someone who's too deep as a trader and tries to use these tools could be a great one but, I am not. Trying to catch up with the trends in the market is also part of the fundamental analysis.

[salad daging]

I see some influencers who share in their videos that they always check whale wallets to see which coins are bought or stored in those wallets, believing that they can make a profit by following the trail of whatever the whales buy.

But I myself don't follow that approach we have our own research, although I don't need to explain it in detail to you It's possible that we have different understandings.
This includes following market trends, which people often do.

[Odusko]

Most often I use such master strategy most especially from those traders that I have being following they track record of success, although it doesn't come out as predicted some time because of the nature of the Bitcoin market so trading Bitcoin is highly unpredictable when it comes to predicting the result of the trade if it will end in profits or even losing in that regards.

[MarjorieZimmermanGinger]

What do you do with those discoveries? Do you start buying what the whales or big investors are buying, no matter how small your funds are?  Or do you do these just to catch market trends?

Taking advantage of these conditions can be quite profitable, but it also requires careful analysis of when to buy or sell. In certain contexts, following these trends isn't always a bad thing, as if we can capitalize on the situation, it can yield financial benefits. So far, I haven't been involved in investing or trading using this method, but I've seen some people do it to achieve their desired goals. The risks are also high, as sometimes whales will dump their coins, and you won't know when it will happen. If you're late, it can impact your assets or it could be that the assets you hold lose their selling value in the market.

[Altcoiner007]

What do you do with those discoveries? Do you start buying what the whales or big investors are buying, no matter how small your funds are?  Or do you do these just to catch market trends?

Taking advantage of these conditions can be quite profitable, but it also requires careful analysis of when to buy or sell. In certain contexts, following these trends isn't always a bad thing, as if we can capitalize on the situation, it can yield financial benefits. So far, I haven't been involved in investing or trading using this method, but I've seen some people do it to achieve their desired goals. The risks are also high, as sometimes whales will dump their coins, and you won't know when it will happen. If you're late, it can impact your assets or it could be that the assets you hold lose their selling value in the market.

Exactly! Some traders are skilled at using this method and it's been profitable for them. Recently, I even found Bitget introduced Smart Money Leaderboard event for their users to Spot a trending token on their exchange Onchain section, copy its CA, use onchain analytics to identify top traders and Submit their wallet addresses on the event page for reward. I feel it could be their way of popularizing this method of analysis because it works. The caution should be knowing when to buy (if you have to) and when to sell.

[JeffBrad12]

If you are a web3 enthusiast, particularly those active in DeFi and crypto trading, let me know how often you use on-chain analytics platforms like Glassnode, Nansen, or Dune to track whale wallets and top traders' activities.

What do you do with those discoveries? Do you start buying what the whales or big investors are buying, no matter how small your funds are?  Or do you do these just to catch market trends?

I used hypurrscan, the hyperliquid's explorer for this to find some whales opening large perp position on-chain.
Sometime there are large position with millions if not hundred millions and I believe that's a small hint on what's going on to the coin they longed and can be an opportunity.
To be fair, just because whale open large position doesn't mean they're right. I've seen position that get liquidated as well despite the large size. Basically you don't guaranteed to earn money through this method.

[Altcoiner007]

If you are a web3 enthusiast, particularly those active in DeFi and crypto trading, let me know how often you use on-chain analytics platforms like Glassnode, Nansen, or Dune to track whale wallets and top traders' activities.

What do you do with those discoveries? Do you start buying what the whales or big investors are buying, no matter how small your funds are?  Or do you do these just to catch market trends?

I used hypurrscan, the hyperliquid's explorer for this to find some whales opening large perp position on-chain.
Sometime there are large position with millions if not hundred millions and I believe that's a small hint on what's going on to the coin they longed and can be an opportunity.
To be fair, just because whale open large position doesn't mean they're right. I've seen position that get liquidated as well despite the large size. Basically you don't guaranteed to earn money through this method.

I Love your approach! Recognizing that even large whale positions don't guarantee success is key. It's all about identifying trends and making informed decisions. Risk management is crucial. Having insights into whale movements can certainly give traders an edge. Great share!

[Charles-Tim]

If you are a web3 enthusiast, particularly those active in DeFi and crypto trading, let me know how often you use on-chain analytics platforms like Glassnode, Nansen, or Dune to track whale wallets and top traders' activities.

I have read before that it can help but I think otherwise. I only prefer to go for well known coins. And among them, I have special preference for bitcoin. But I have read that some people are using on-chain data like increasing trading volume to know the next coin to buy.

What do you do with those discoveries? Do you start buying what the whales or big investors are buying, no matter how small your funds are?  Or do you do these just to catch market trends?

I prefer to buy when the market is red and people are afraid to buy. That is called the bear market. I like buying during bear market but most coins may not rise like before, that makes bitcoin and very few other coins the best option for me.

[desmonddesk1]

What do you do with those discoveries? Do you start buying what the whales or big investors are buying, no matter how small your funds are?  Or do you do these just to catch market trends?

Taking advantage of these conditions can be quite profitable, but it also requires careful analysis of when to buy or sell. In certain contexts, following these trends isn't always a bad thing, as if we can capitalize on the situation, it can yield financial benefits. So far, I haven't been involved in investing or trading using this method, but I've seen some people do it to achieve their desired goals. The risks are also high, as sometimes whales will dump their coins, and you won't know when it will happen. If you're late, it can impact your assets or it could be that the assets you hold lose their selling value in the market.

Exactly! Some traders are skilled at using this method and it's been profitable for them. Recently, I even found Bitget introduced Smart Money Leaderboard event for their users to Spot a trending token on their exchange Onchain section, copy its CA, use onchain analytics to identify top traders and Submit their wallet addresses on the event page for reward. I feel it could be their way of popularizing this method of analysis because it works. The caution should be knowing when to buy (if you have to) and when to sell.

I found the post on their X (formerly twitter) handle. Didn't particularly know how to participate.

[michellee]

I can not follow what whales do even with small money. When they buy a coin, I may be late to follow what they do so that will not give me profit. But I know some friends follow the whales and always check the top traders activities. But I don't know how many of them are making a profit from that. It's better to analyze by myself and find the coins. That can help me to improve my skills and learning more than just following the whales. We will always be followers and not a guide to ourselves.

[tsaroz]

When we see what whales are doing, we are already late. These market movers know large and quick transactions are being watched so they do every buying on small transactions with multiple wallets and accumulate over a long period of time. When you see a huge movement by whale, it means they have now started buying or selling the coin you are trying to jump in.

I have tried multiple such things but always faced loses. I have stopped following others or taking leverage. All I do now is grid trade and reverse grid trade the coin I believe in. Like a reverse grid bot I started with bitcoin is now in 24%+ profit for four months. i.e. it's has already earned me bitcoin 8% of my initial investment. Not a huge number like x100 but larger than many risky opportunities.

[tvplus006]

How do you do your own research then? Don't your spy on what more experienced traders are buying at a time and the amount they put in which sometimes tells their level of confidence in the project, I guess.

If you are tracking the positions of traders whom you consider more experienced than yourself, then this does not protect you from mistakes, since there is no guarantee that their assumption will be correct. To do this, it is enough to recall James Wynn, who recently lost about $100 million after his position on the Hyperliquid platform was liquidated.

[justdimin]

When we see what whales are doing, we are already late. These market movers know large and quick transactions are being watched so they do every buying on small transactions with multiple wallets and accumulate over a long period of time. When you see a huge movement by whale, it means they have now started buying or selling the coin you are trying to jump in.

I have tried multiple such things but always faced loses. I have stopped following others or taking leverage. All I do now is grid trade and reverse grid trade the coin I believe in. Like a reverse grid bot I started with bitcoin is now in 24%+ profit for four months. i.e. it's has already earned me bitcoin 8% of my initial investment. Not a huge number like x100 but larger than many risky opportunities.

I wish more people could understand that if you are seeing something, you are already late. This happens with news too, like some big news happens and then people see the news, and they try to react, if you saw the news, you are already late, go check the market and you will see that it already moved, and do not get in and do something after it already moved, makes no sense.

Like the other day it was rate cuts, it didn't get cut, the moment you see the news, literally that second, go check the market and you will see that it's already down. This is why it's quite obvious that we are not going to see it change that quickly, what would change on the long run and how you would react is important so realize it's too late after you see it.

[Altcoiner007]

What do you do with those discoveries? Do you start buying what the whales or big investors are buying, no matter how small your funds are?  Or do you do these just to catch market trends?

Taking advantage of these conditions can be quite profitable, but it also requires careful analysis of when to buy or sell. In certain contexts, following these trends isn't always a bad thing, as if we can capitalize on the situation, it can yield financial benefits. So far, I haven't been involved in investing or trading using this method, but I've seen some people do it to achieve their desired goals. The risks are also high, as sometimes whales will dump their coins, and you won't know when it will happen. If you're late, it can impact your assets or it could be that the assets you hold lose their selling value in the market.

Exactly! Some traders are skilled at using this method and it's been profitable for them. Recently, I even found Bitget introduced Smart Money Leaderboard event for their users to Spot a trending token on their exchange Onchain section, copy its CA, use onchain analytics to identify top traders and Submit their wallet addresses on the event page for reward. I feel it could be their way of popularizing this method of analysis because it works. The caution should be knowing when to buy (if you have to) and when to sell.

I found the post on their X (formerly twitter) handle. Didn't particularly know how to participate.

I understand, but it's clear you spot what token is trending on their exchange Onchain section, track the token to see top traders or holders what and submit those addresses on the event page. I think it's just fun to get rewarded for stuff we traders do normally. Yeah.

[348Judah]

What do you do with those discoveries? Do you start buying what the whales or big investors are buying, no matter how small your funds are?  Or do you do these just to catch market trends?

Everyone has their own reasons to why they always keep up with checking for updates, knowing about the prominent individuals and whales buying and transferring coins from one address to another, but as you have asked also, i don't see wat some are benefiting by knowing about all these when they are not also investing, sometimes we just need to be more engaged than to be amazed on what is going on withing the crypto circles, because as we are doing these, some are making money, the earlier the better we work more on what's good for ourselves that we may also be the talk of the news headlines.

[Altcoiner007]

What do you do with those discoveries? Do you start buying what the whales or big investors are buying, no matter how small your funds are?  Or do you do these just to catch market trends?

Everyone has their own reasons to why they always keep up with checking for updates, knowing about the prominent individuals and whales buying and transferring coins from one address to another, but as you have asked also, i don't see wat some are benefiting by knowing about all these when they are not also investing, sometimes we just need to be more engaged than to be amazed on what is going on withing the crypto circles, because as we are doing these, some are making money, the earlier the better we work more on what's good for ourselves that we may also be the talk of the news headlines.

Exactly my thoughts! Discovering what the big guys are buying for instance, institutions, whales etc can influence your buy decision for a particular asset. Imagine you found a token whales are throwing in millions at 50Mil M Cap. You can easily predict that such token will reach above 500 Mil M Cap.