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g-unit (OP)
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March 06, 2015, 05:16:18 PM |
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...how many bitcoins do you need to possess? Just curious what people's thoughts are.
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billyjoeallen
Legendary
 Offline
Activity: 1106
Merit: 1007
Hide your women
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March 06, 2015, 05:19:44 PM |
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five figures. 10,000 btc+ or ~ 3.7 million USD
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insert coin here:
Dash XfXZL8WL18zzNhaAqWqEziX2bUvyJbrC8s
1Ctd7Na8qE7btyueEshAJF5C7ZqFWH11Wc
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Morecoin Freeman
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March 06, 2015, 05:21:09 PM |
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Starting from 1000 coins in my opinion.
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Ask the stranger he knows who you really are.
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NeuroticFish
Legendary
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Activity: 3668
Merit: 6372
Looking for campaign manager? Contact icopress!
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March 06, 2015, 05:21:26 PM |
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With 50 BTC you can already do quite some movement on the market.
But to be a whale, I'd say that you need at least 200 BTC.
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abyrnes81
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March 06, 2015, 05:23:05 PM |
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...how many bitcoins do you need to possess? Just curious what people's thoughts are.
I think with 5-6k bitcoin you will become a "whale" and start to manipulate some altcoin easily and make the pump/dump scheme. However also with 1'000 bitcoin we are able to be a whale. |
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Brewins
Legendary
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Activity: 1120
Merit: 1000
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March 06, 2015, 05:28:15 PM |
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...how many bitcoins do you need to possess? Just curious what people's thoughts are.
I think with 5-6k bitcoin you will become a "whale" and start to manipulate some altcoin easily and make the pump/dump scheme. However also with 1'000 bitcoin we are able to be a whale. in altcoin scene some 100's or even less is enough to play the pump and dump game as protagonist. In BTC scene some millions. More or less millions depending where you wanna play |
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thejaytiesto
Legendary
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Activity: 1358
Merit: 1014
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March 06, 2015, 05:44:22 PM |
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Starting from 1000 coins in my opinion.
1000 coins is nothing in the grand scheme of things. You would need at least solid 6 figures to create a small trend then hope people follow. |
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Hazir
Legendary
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Activity: 1596
Merit: 1005
★Nitrogensports.eu★
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March 06, 2015, 05:47:48 PM |
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Faith alone is not enough. And to become real player you will have to obtain more than 10.000 BTC. With less you are hardly doing enough to influence market even on small level. So I would say 10k is enough to be a whale. |
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NUFCrichard
Legendary
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Activity: 1218
Merit: 1003
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March 06, 2015, 05:54:04 PM |
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I would say that someone with >1000 bitcoins is a whale.
With 4 figures it is noticeable on exchanges when they are all parked at a certain price. With a global supply of 14mil coins it is 1/14,000th of the total money supply, that is a big lump of a currency.
10,000btc is a super whale in my opinion, I doubt there are too many people out there with 10k coins that are hot stored.
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abyrnes81
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March 06, 2015, 06:14:08 PM
Last edit: March 06, 2015, 06:38:49 PM by abyrnes81 |
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...how many bitcoins do you need to possess? Just curious what people's thoughts are.
I think with 5-6k bitcoin you will become a "whale" and start to manipulate some altcoin easily and make the pump/dump scheme. However also with 1'000 bitcoin we are able to be a whale. in altcoin scene some 100's or even less is enough to play the pump and dump game as protagonist. In BTC scene some millions. More or less millions depending where you wanna play It depends of which altcoin are you talking about, maybe with the shitcoin it is needed a few bitcoin something like 5-10 btc for manipulate the price; but for the big altcoins you need at least 100-200 btc as you said. However I am sure (as said before) for become a bitcoin whale you need at least 5000 bitcoins. |
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Beliathon
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March 06, 2015, 06:21:34 PM |
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...how many bitcoins do you need to possess? Just curious what people's thoughts are.
If you have to ask, you can't afford it. |
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manselr
Legendary
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Activity: 868
Merit: 1004
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March 06, 2015, 06:23:27 PM |
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OP its too late to become a whale anyway, only if you were an early early adopter you could become a whale without being Bill Gates.
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g-unit (OP)
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March 06, 2015, 06:36:11 PM |
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I never claimed to be a whale or that I was trying to become one...just wondered what people thought since that term is used so often on here.
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NotHatinJustTrollin
Full Member
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Activity: 462
Merit: 107
★Bitvest.io★ Play Plinko or Invest!
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March 06, 2015, 06:50:50 PM |
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I'd say the equivalent in BTC of $5-10M.
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coinableS
Legendary
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Activity: 1442
Merit: 1179
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March 06, 2015, 06:54:09 PM |
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At least equivalent to $1 million USD, currently about 3,700 BTC. You could set up a nice wall with $1 million, but now even walls of that size can get eaten up pretty quick during a strong run. Five figures of coins, would be pretty solid and have the ability to manipulate the market a bit.
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God27
Sr. Member
Offline
Activity: 364
Merit: 250
The 4th industrial revolution!
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March 06, 2015, 06:56:31 PM |
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I'd say the equivalent in BTC of $5-10M.
1000 BTC as of today is a whale. But one day it will be 10,000 BTC... |
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Amph
Legendary
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Activity: 3206
Merit: 1069
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March 06, 2015, 07:01:06 PM |
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Starting from 1000 coins in my opinion.
not now, maybe before with 1200 in price i also think around 10k coin, but without being too precisely, we can say that 5k would make you a whale already |
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Bitmore
Full Member
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Activity: 413
Merit: 100
https://eloncity.io/
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March 06, 2015, 07:03:40 PM |
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five figures. 10,000 btc+ or ~ 3.7 million USD
Math is weird, that assumes $370 a bit coin today which it isn't, but WE... So that is today. In ten years that means being a "whale" will be to own only 3.7 btc. |
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Bralex
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March 06, 2015, 07:09:01 PM |
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...how many bitcoins do you need to possess? Just curious what people's thoughts are.
To become a BTC whale it would be hard to guess but i would go with 10,000 - 50,000 that is a lot of dollar to have rapped up in a volatile investment. imo of course. But.. If you want to be a whale with alt coins that can be done for much less like just 100 btc will move most coins.. |
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