Quote from: I_Anime on August 25, 2024, 11:04:39 AM

Well this don't actually matters that much , well just have to try and build yah bitcoin investment, and same time gather more knowledge in order to secure a smooth investment. Because a good investment can't be build over night but will take time , and consistency for one to get there .

Quote from: Jon pyagbara on August 25, 2024, 10:52:39 AM

4. Whale:
This level requires long term investment and commitment, holding onto your Bitcoin for years, and also making investments based on market analysis, without greed.

Becoming a whale you will need , Time, patience, discipline, continuous learning and strategic investments.

So my people how una see am.

Well to me whale are those who , have alot of funds , and most whales do manipulate the market . But if you wanna see most whales are those that are fully into bitcoin investment (holding) , because some whales usually involves themselves in pumb and dump scheme, because once they purchase the price will increase and other small investors will Start diving in which may lead to the coin surging more and after the whale have gain a certain amount of money he or she will sell a big dumb will follow making those that enter at the peak to be in losses that's we always advice folks to stay far from such projects.

Whales on the other hand are those who have lots of money and provide enough liquidity in the crypto markets, they can also be attributed to early adopters of the said cryptocurrency, for example in bitcoin, People like Satoshi, Theymos, JayJuanGee and others that adopted bitcoin early in the days and are holding till date can be described as whales in bitcoin, also other companies that has bought significant quantity like Grayscale who handles Grayscale bitcoin trust, Tesla, MicroStrategy are considered whales.

Countries that acquired Bitcoin like ElSavador that has approximately 2200 bitcoins or more are also considered whales.

Furthermore, big exchanges like Binance, Coinbase, Kucoin and others holds significant amounts of different cryptocurrencies in their reserves for trading in their platforms, they are still whales.

Whales control the market and are trusted by people to have more genuine information about the progress of each coin they hold, whenever a whale starts selling, it can trigger panic sell in the people who are monitoring their activities and the price of such cryptocurrency starts dwindling, also when a whale buy, more people buys significantly and there is a pump in the price. so the whales are the bosses of any coin they hold.