Quote from: Mike Mayor on June 09, 2019, 03:42:52 AM

Quote from: jak3 on June 03, 2019, 10:35:20 PM

There is any possible way that you can defeat a whale with your tiny balance then what's stopping others for doing it for you. Like newbies can easily counter professional traders with their tiny balance if that's possible. Just keep holding your balance or you can just follow the footstep of a weld to make more money don't get afraid from the market just enjoy it And also be careful.

Sort of like how together the ants can defeat the elephant? Image how it must feel so have so much crypto you can affect the market like that?

it is true but actually what he is describing is more like ants rolling over and waiting to see what wind brings them without making any efforts. because that is what "just holding" is!
the reality that can defeat whales and in general the manipulation is more market participants so that the order books on exchanges become more packed with orders (both buys and sells) so that the relative size of whales to the market shrinks.
relative size is like this: if you have 1BTC and selling it into the order book drops the price 30% then you are a whale (you can see this example in small altcoins) but if your 1BTC sell doesn't even fill the top buy order then you are not a whale. now if the top buy order and the next 100 are also big, having 10, 100, 1000BTC still wouldn't make you a whale. and that is what we want to have.