Quote from: Cnut237 on March 23, 2018, 11:18:37 AM

Quote from: quickie69 on March 22, 2018, 02:04:23 PM

Just wondering. Would I be considered whale Huh

It depends entirely on the coin.
If you are trading $10k of bitcoin, you are definitely not a whale.
If you are trading $10k of a coin that only has $1 million market cap, then yes, you're a whale.

Big fish, small pond. Small fish, big pond. And yes I know that a whale is not a fish before anyone points it out:)

yet another very good reason why Market Cap should not be used at all!

just because some altcoin has a lower market cap it doesn't mean it also has a lower volume. an altcoin with $1 million market cap may as well have such a packed orderbook that nobody can move. or have a huge volume and liquidity that $10k can do nothing about.
for example SMLY has a tiny market cap but the orderbooks are packed (last time i checked it on Cryptopia) and $10k is nothing in it.
or you can see KBR, it has $800k market cap but its volume has been $700,000 and $10k is nothing in this coin.
same with ACE with $400k MC and $600k volume