Quote from: baeva2 on April 11, 2018, 08:44:29 PM

Everyone knows that they are large and experienced players in the crypto industry. Few people know who these people are and how they achieved such success. What do you know about this?

Pretty complex subject.

Quote from: cryptomorphines on April 11, 2018, 08:52:13 PM

Commonly they are early adopters of bitcoins which has acquired bitcoins when it was very cheap,talking about when it was less than a dollar,luckily these people are either enthusiast of they are just lucky people who stored bitcoins accidentally,but if we are talking about big players you should consider the financial institutions like CME and Wallstreet that are making our market more complicated because of their manipulations.

I definitely agree with this statement. most whale money is old money that knows how to play this market from large gains and network from the very beginning. If you started in Crypto in 2010-2012 it's very likely you have tons of influential contacts with a lot of media presence or buying power. It's not so much who they are as what they do though, which is move markets with large volume to tank the price then soar it back up.

Whales will usually coordinate together to buy through walls of resistance to cause FOMO and then dump just as the hype train starts.. their positions are very large so they have to stack and hide their orders very carefully to get an easy out. This is the part that's kind of funny to me.. if you see a sell wall people are backing off of its not whales selling their position, they're most likely out of the position they want and are looking to park the fomo into a correction. People know and react to the walls, but they're usually fake but by the time this happens their position is closed and they're looking for the re-entry. One kind of important distinction I always hear people complaining about is why do whales sell and park the price so often without letting it run? The simple answer is position trading several times a week in large quantities is much more profitable than letting the price run away from you. Although you may make even a 100% profit trade this way, the price is now overextended and may take months to be back in position at the bottom of a position trade.

Simply put, whales move markets with large amounts of volume that they accumulated as an early adopter and used their knowledge of multiple years in this market and contacts to know just the right time to signal buyers into fomo then just the right time to get out before it's too late. Then once their support leaves it becomes a self-fulfilling prophecy to correct until their large volume comes in to confirm to the smaller fish that it is time for reversal.