lomalio (OP)
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Activity: 28
Merit: 0
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August 24, 2014, 12:56:20 AM |
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they are giving bitcoin a bad name. price will go down long term because of these disgraceful whales.
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Mirdude
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August 24, 2014, 01:15:47 AM |
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Is a whale someone who bets a lot with a high percentage?
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Sir Bitcoin
Member
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Activity: 112
Merit: 10
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August 24, 2014, 01:17:04 AM |
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Whales are people with large holdings in BTC..
Frankly the whales are not stupid. Anyone with half a brain knows BTC can not continue on its current path given it won't be worth anything to mine in the future if the ASIC arms race continues. :/
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ticoti
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August 24, 2014, 01:44:09 AM |
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someone who is rich is not stupid
you may ask yourself why you are not a whale
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botany
Legendary
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Activity: 1582
Merit: 1064
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August 24, 2014, 01:44:53 AM |
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If a whale can make some money by moving the market with his large holdings, what is wrong with it?
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cryptworld
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August 24, 2014, 03:31:20 AM |
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whales move the market up and down
I don't know what is the problem
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lomalio (OP)
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Activity: 28
Merit: 0
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August 24, 2014, 04:03:08 AM |
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If a whale can make some money by moving the market with his large holdings, what is wrong with it?
By knocking it down too much. They should keep it fluctuating at a level. Even if they are manipulating the market, they should keep it at one price range. It was good when they kept it at $800 or $600 but now they keep sinking it slowly. People will lose trust in BTC. The Chinese will leave. The Chinese are driving the price up and the stupid western whales drive it down. At least keep it at $500!! |
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valvalis
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August 24, 2014, 04:09:25 AM |
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someone who is rich is not stupid
you may ask yourself why you are not a whale
I don't know who you are, but I like your words  Maybe he isn't whale because he is stupid or something distracting his brain. |
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Rassah
Legendary
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Activity: 1680
Merit: 1035
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August 24, 2014, 05:42:24 AM |
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If a whale can make some money by moving the market with his large holdings, what is wrong with it?
By knocking it down too much. They should keep it fluctuating at a level. Even if they are manipulating the market, they should keep it at one price range. It was good when they kept it at $800 or $600 but now they keep sinking it slowly. People will lose trust in BTC. The Chinese will leave. The Chinese are driving the price up and the stupid western whales drive it down. At least keep it at $500!! The problem is that they don't talk to each other, don't coordinate with each other, and don't even trust each other. If one of them sells, the others have no way of knowing if he's trying to crash the market, or just buying another Lamborghini. |
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wasserman99
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August 24, 2014, 06:37:43 AM |
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If a whale can make some money by moving the market with his large holdings, what is wrong with it?
By knocking it down too much. They should keep it fluctuating at a level. Even if they are manipulating the market, they should keep it at one price range. It was good when they kept it at $800 or $600 but now they keep sinking it slowly. People will lose trust in BTC. The Chinese will leave. The Chinese are driving the price up and the stupid western whales drive it down. At least keep it at $500!! The problem is that they don't talk to each other, don't coordinate with each other, and don't even trust each other. If one of them sells, the others have no way of knowing if he's trying to crash the market, or just buying another Lamborghini. I would doubt that they would ever attempt to collude with each-other like that. Doing so would be very risky not only from a profit prospective but also from a potentially having to go to jail for market manipulation perspective. |
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Teppino
Full Member
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Activity: 139
Merit: 100
bitcoin hates walls
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August 24, 2014, 06:44:56 AM |
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If a whale can make some money by moving the market with his large holdings, what is wrong with it?
By knocking it down too much. They should keep it fluctuating at a level. Even if they are manipulating the market, they should keep it at one price range. It was good when they kept it at $800 or $600 but now they keep sinking it slowly. People will lose trust in BTC. The Chinese will leave. The Chinese are driving the price up and the stupid western whales drive it down. At least keep it at $500!! The problem is that they don't talk to each other, don't coordinate with each other, and don't even trust each other. If one of them sells, the others have no way of knowing if he's trying to crash the market, or just buying another Lamborghini. i agree they probably don't trust each other, but by means of blockchain analysys it should be pretty easy for them to contact each other, they just need to find big wallets and contact them with their own big wallet. The protocol allows for this kind of messaging and once they know they are in the same boat (yacht in that case) it could become logic to not fight to each other, in that case trust should matter less than one may think |
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dothebeats
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Activity: 3654
Merit: 1353
CoinPoker.com
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August 24, 2014, 11:36:29 AM |
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They aren't stupid. They are just taking advantage of the price and the small time holders to sell off when they feel that their holdings are crashing down in value. Usually, whales are the reason why there are ups and downs in the crypto markets.  |
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Pacowomo
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Activity: 23
Merit: 0
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August 24, 2014, 12:06:12 PM |
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Whales Gonna Whale. They are lossing money, a lot o money if they sell now.
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bitcoin_purist
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Activity: 75
Merit: 10
Fearless, except for those who are fearless
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August 24, 2014, 12:25:57 PM |
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someone who is rich is not stupid
you may ask yourself why you are not a whale
This. Without the poor, no riches. There must be contrast. Otherwise life is dull. |
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Pacowomo
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Activity: 23
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August 24, 2014, 01:03:59 PM |
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someone who is rich is not stupid
you may ask yourself why you are not a whale
This. Without the poor, no riches. There must be contrast. Otherwise life is dull. Most people are rich due luck. Have fun being stuck on a dead end where you can't get out of poverty if that ever happens to you. |
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waterpile
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August 24, 2014, 01:04:11 PM |
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they are giving bitcoin a bad name. price will go down long term because of these disgraceful whales.
I think whales pumped the coin that it made bitcoin famouse. so it is even |
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Ayers
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Activity: 2646
Merit: 1024
Seabet.io | Crypto-Casino
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August 24, 2014, 03:09:25 PM |
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if they pump it, it make the wealth spread to the world, bitcoin is a form of money spreading, money redistribution, this is thanks to the whales
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giveBTCpls
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August 24, 2014, 03:39:12 PM |
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When whales dump, it means at least all these BTC are going in hands of other non whale people. It only takes these people to be intelligent and not panic sell at minimum fear.
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thehappybtc
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Activity: 68
Merit: 10
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August 24, 2014, 04:02:03 PM |
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In some years from now, the trading volumes will be so high that a whale alone won't change anything.
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botany
Legendary
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Activity: 1582
Merit: 1064
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August 24, 2014, 04:41:43 PM |
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When whales dump, it means at least all these BTC are going in hands of other non whale people. It only takes these people to be intelligent and not panic sell at minimum fear.
The strategy of whales dumping is to get other people to sell as well.... and then pick up btcs at a lower price. |
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