A whale who has never been wrong.

[Mpamaegbu]

What do you think?

Yes, it's possible to have that sort or record if the said whale sticks to only those two – BTC and ETH, and has just few trades taken on them. Someone with fewer trades taken stands a chance of keeping a clean sheet if they know what they're doing than someone who jumps in and out of trades.

I am interested in knowing who that whale is and how your friend knows that he never made a mistake...

You can find that out through onchain tracking of addresses they've used in buying any coin. Once an address goes public, anyone who has time and vested interest can track the wallet activities. I admit that knowing the whale may be impossible, except one's able to trace their transactions to Cexs and are able to coax or arm twist someone at the Cex to trace the address and reveal who owns it. But it's an easy thing to see what their hodlings are on a particular address using tools.

[TheUltraElite]

While discussing amount friends, one among us who is always updated (up to the minute) on fundamentals and economic news made a statement that "a whale who has never been wrong just placed a long on BTC and ETH" apparently, this billionaire has never been wrong in all the times my friend has been watching his trades.

Does that even exist? Is this a form of insider trading or are certain persons so rich that they get access to tools and information that the general public aren't privileged to?

Traders will go wrong and that is the rule.

Now I always say without any remorse that I know a whale who has never been wrong and that they have said this and that. Of course my motive will not be clear to a newbie who has entered the market but those who have been in the market know better to not pay heed to such stuff.

In any speculative market, we are not going to find a single soul who has always won. Either that person is trying to lure you into some scam or they are trying to sell you some product which is actually useless but made to appear as the method to be the perfect trader.

[Comeacross]

What do you think?

I can not say it's truth or not but why don't you ask for his name or anything about him that can allow us to verify this claim? If you give us more information about this genius whale, we can access ourselves and tell if it's true. You should not rely on information like this to make your trading decision. Always do your findings before you make a move. Anyone can say anything, unless there's a way to prove it's genuine claim for a reputable source, it's just a rumour. As far as I know, no one is absolutely accurate when it comes to trading. I know when are better than one another but I can not say someone is out there with absolute accuracy.

[Awaklara]

This made me wonder, is there such a thing as a trader who has never been wrong? Does that even exist? Is this a form of insider trading or are certain persons so rich that they get access to tools and information that the general public aren't privileged to?

I don't believe there are traders who never make mistakes and always make a profit. Just imagine if such a thing existed, how a trader would open positions with high leverage and take all the profits.

Always trade with risk. Especially for whales who trade with big funds. They may not trade all the time but they look for opportunities. It's just that this doesn't mean they never lose or always make money. Sometimes people might say things like that to attract others to participate in the trades they want to make.

[leea-1334]

This does not exist, think rationally,,, even the most famous investors have been wrong, they just take safe bets and play the long game, Buffett for example. Why need to follow the whale anyway? Lots of people on this forum are holders and so far,,, none of them have been wrong about longterm price appreciation  

[Faisal2202]

I never believed anyone who says they have a 100% win rate. If your friend, who is always updated, made a statement like this, it doesn't validate what he says. He might have read fake or overhyped news, or might have read the title only because titles are meant to be like this when you don't care about the news haha, but only care about views.

Well, maybe your friend did not read the whole report about that whale. Did you ask which whale it was, and did you ask more about the whale's history? I would have, and I would even have asked that friend to show me.

I searched online and found nothing, but there had been a discussion about one whale who appeared to have a 100% win rate, but not for long. In just 21 days, his winning rate broke, he lost all his profit, and was left with only $1 million after losing around $28 million.

https://panews.io/articles/dbd481d0-af34-446e-85ab-e5e7f38e570a

[Bitcoin Smith]

I am interested in knowing who that whale is and how your friend knows that he never made a mistake...

You can find that out through onchain tracking of addresses they've used in buying any coin. Once an address goes public, anyone who has time and vested interest can track the wallet activities. I admit that knowing the whale may be impossible, except one's able to trace their transactions to Cexs and are able to coax or arm twist someone at the Cex to trace the address and reveal who owns it. But it's an easy thing to see what their hodlings are on a particular address using tools.

You can track some of their transfers, but OP sounded like one particular whale and never made a mistake, which is why I said it is not possible. And also we just assume that the transfers are trades when they move to a cex wallet but they can just do it without actually trading anything to manipulate the market as well, that is why we should not make a trading decisions based on alone the whale movements.

[Mpamaegbu]

<snipped>

You can track some of their transfers, but OP sounded like one particular whale and never made a mistake, which is why I said it is not possible.

OP's friend could be right. When we say something isn't possible or it's not true, the implied meaning is that we're saying that person is not telling us the truth. By extension, we're saying they're lying. If we don't have all the facts, I don't think it's a nice way of looking at things. Everyone of us has different reality and experiences of life. Sometimes, what we see; others don't see it(them). And to them, it's not possible. I think that's the situation here.