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Author Topic: Made Money from Spotting what whales are Buying?  (Read 321 times)
GigaBit
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Today at 07:30:31 AM
 #41

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?
If an ordinary investor follows whales, it is definitely not reasonable. Because whale investors have the ability to make a big move in the market. If today's whale investors lose some money, they can also make a big profit on any trade, but if ordinary investors follow them, they will not get that opportunity. If they lose, they will not be able to arrange sufficient funds to recover it.

Investing by looking at the market trend can sometimes be risky because the trend can change at any time. Before investing, the investor must consider the individual and adopt a good strategy by following the general investors. If you follow the whales' strategy, there will be a big chance of losing.

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Today at 03:15:35 PM
 #42

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?
If people are actually doing this, then it seems naive to me to follow this so called whales do what they do, how much influence can whales on these platforms influence the market conditions, it's too shallow to me because lots of traders in the world are influencing the market, and a certain number of people on a platform that's not really popular called themselves as market influencers.

Nah, I won't get involve.
There are many factors that influence the market, and even if we follow the whales, it doesn't mean our entry will be the same as theirs, and it might even be too late. Usually, we only see when the price is very high and then enter, and when that happens, the risk is high.

If we focus on that, we'll likely overlook things that are actually more important. In the market, there's not just one thing we need to pay attention to, but many. So, we shouldn't act carelessly because we're using money that must be managed well.

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