Quote from: fennic on December 02, 2022, 05:46:25 PM

First of all many members will roast me and will say that where you got such idea, why are you bluffing but this is Bitcoin discussion, so I thought that I should share something.

1) Many Of Small traders always got into the Trap of Whales? Why?

2) There are Always Ponzi Schemes in All Bull runs like 2027 was ICO big Scam
And Now BIG crypto projects Got scammed in 2022 like Terra Luna, FTX, Solana, Serum etc. They are not just coincidence. These are preplanned Scams. And that. Sucks.
3) I think that Big Exchanges that are centralized are Big whales cause they know how much volume they have and how many longs and also Shorts. In this way they can Scam with many many wats. And also that is a small reason that we cannot outsmart Whales 🐋🐳.

It may be true that they (whale exchangers) can increase or decrease the price irrationally in certain coins because they can read the market cap in detail so they play for additional profits, but I see that not all whales come from exchangers.

Whales outside exchangers (institutions/individuals) in my opinion are more careful because the amount of money they spend is of course quite large, this will be of deep concern to them, they will often study and research further regarding investment decisions and of course besides that they better to protect anything that threatens their money in the market, of course, this could get serious if they didn't do their research well. In contrast to what we (retail investors) do only rely on trends and technical analysis speculation to make investment decisions without going deeper.
And I've watched some whales go crazy they pump altcoins and shitcoins at such a scale that people would think it's very bullish and interested in buying and then after they (the whales) make a profit they withdraw funds, and the late people withdraw profits and the last to enter the bullish scheme will get a loss.

My additional thoughts on why it's so hard for us to outsmart the Pope:
1. There are many whales and their characters
2. The whales are always well-informed and early
3. we are too greedy