Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Biodom
on 27/06/2021, 01:20:11 UTC
Someone who was here since 2011 has got to be a whale, maybe even a 'blue whale', unless they were into some "other" stuff early.
It figures.

You could be correct that there are a decent number of 2011-ish forum members who would be whales of some sort.. but gosh I hate to be assuming too much in that direction....

So, according to todays definition of whale, we might be able to 10x or 16x (which seems to be too presumptuous) our anticipations regarding where BTC might go each cycle, so  those of us who registered in 2014, would be considered having high likelihood of being whales in 2024, or it does not work like that?

We might need our little chart again, for reference sake.



Of course, over the years, the classifications of the fishes and amounts needed for each classification should be changing, no?  Do these categories still stand, or does someone want to tweak to make them more reflective of our current BTC price dynamics times?  In other words, is 1,000 BTC still required for entry-level whale status?



Still a crab oh well

That classification is bs anyway. I posted about this before.
There are 25K blue whales in the world and, according to the link below, you need to have "just" 89 btc to be in the top 25K owners:
https://medium.com/@BambouClub/are-you-in-the-bitcoin-1-a-new-model-of-the-distribution-of-bitcoin-wealth-6adb0d4a6a95

Total whale numbers the world-about 75K, so the btc number you need to hit to be comparable with a whale (in bitcoiner numbers) is somewhere between 15 and 89, probably around 50, give or take. Maybe numbers are different now, but if anything, the distribution could be flatter.