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I think the real whales buy and sell millions at a time on btc38 and push it up and down. I think it would be pretty interesting if actually it was overstock selling that caused our downtrend, when we were all blaming 'dilution' and 'pts vesting shares' and 'chinese whales' and so on.You never really know whats going on behind the scenes in markets unless you are REALLY the whale, I guess.
I wonder if I'm a whale then. How many do you have?
Quote from: DataSecurityNode on June 20, 2015, 01:08:51 pmWhat is your definition of a BitShares whale?Anyone with more BitShares than me.
What is your definition of a BitShares whale?
Pretty likely.
Maybe Overstock - who has met with the BitShares Brass - is one of the whales...
Speaking to CoinDesk, Overstock cryptocurrency group general manager Judd Bagley indicated that the loss was primarily the result of declines in certain altcoin markets in which the company has invested."The swing in the value of our cryptocurrency holdings is attributable to the sale of some of our non-bitcoin cryptocurrencies, the use of some of our bitcoin to pay for services including our membership in the Chamber of Digital Commerce, and changes in the market," he said.He went on to clarify that the company "holds more than just bitcoin", but did not clarify which digital currencies Overstock has invested in.Bagley stated that, in its quarterly filing, the holdings are considered a part of the same asset class."We’ve invested in other cryptocurrencies over time, and for the purposes of the SEC filing, we lump them all together," he continued.
# people; #BTS owned(range)1 - 400-200 Million2.4 - 200-50 Million9.25 - 50-15 Million37.5 - 15-1 Million
Quote from: tonyk on June 23, 2015, 08:02:41 pm1 - 400-200 Million2.4 - 200-50 Million9.25 - 50-15 Million37.5 - 15-1 MillionInteresting, where are you getting these numbers?And who are these fractional people who own BTS? I guess I'm one of the 37 and a half people on your list.
1 - 400-200 Million2.4 - 200-50 Million9.25 - 50-15 Million37.5 - 15-1 Million
Just wanted to make a point .. bts was at 70m and 200m are definitely within reach in few months (imho) (not an investment advice)Hence you would have a nice position with 0.01% already (depending on the definition of "nice")
Quote from: lil_jay890 on June 20, 2015, 01:29:27 pmI'm just hoping one day bts surpasses bitcoins all time high of approximately 12 billion market cap. Anyone think that is feasible in the next few years? I look forward to that day so I can finally walk out of my day job and not have to go back the next morning...Anyway I think a whale should be classified by having the ability to move price say 5-10% on liquidationIt's not feasible.. its inevitable.
I'm just hoping one day bts surpasses bitcoins all time high of approximately 12 billion market cap. Anyone think that is feasible in the next few years? I look forward to that day so I can finally walk out of my day job and not have to go back the next morning...Anyway I think a whale should be classified by having the ability to move price say 5-10% on liquidation
Quote from: Empirical1.2 on June 20, 2015, 01:37:34 pmQuote from: DataSecurityNode on June 20, 2015, 01:08:51 pmWhat is your definition of a BitShares whale?Cryptonomex and BTC38They do have a lot. Do you think if BTC38 got goxed it would whip out pretty much most of the Chinese investment community?
Quote from: DataSecurityNode on June 20, 2015, 01:08:51 pmWhat is your definition of a BitShares whale?Cryptonomex and BTC38
Quote from: Chuckone on June 20, 2015, 01:24:43 pmQuote from: xeroc on June 20, 2015, 01:19:49 pmJust wanted to make a point .. bts was at 70m and 200m are definitely within reach in few months (imho) (not an investment advice)Hence you would have a nice position with 0.01% already (depending on the definition of "nice")Makes sense!I'd like to add another definition to "whale". I believe term "whale" should be related to the capacity of an individual or entity to move the market price significantly if he/she/it decides to liquidate their position. So it all depends on the liquidity of the market, the % of shares the whale owns and the market cap.This .. makes even more sense .. thanks
Quote from: xeroc on June 20, 2015, 01:19:49 pmJust wanted to make a point .. bts was at 70m and 200m are definitely within reach in few months (imho) (not an investment advice)Hence you would have a nice position with 0.01% already (depending on the definition of "nice")Makes sense!I'd like to add another definition to "whale". I believe term "whale" should be related to the capacity of an individual or entity to move the market price significantly if he/she/it decides to liquidate their position. So it all depends on the liquidity of the market, the % of shares the whale owns and the market cap.
Hopefully someday we can get really really profitable and actually get back down to 2 bil shares. Then I'll have 0.01% and be a "whale" (at least in xeroc's eyes). Quote from: DataSecurityNode on June 20, 2015, 01:37:18 pmQuote from: lil_jay890 on June 20, 2015, 01:29:27 pmI'm just hoping one day bts surpasses bitcoins all time high of approximately 12 billion market cap. Anyone think that is feasible in the next few years? I look forward to that day so I can finally walk out of my day job and not have to go back the next morning...Anyway I think a whale should be classified by having the ability to move price say 5-10% on liquidationIt's not feasible.. its inevitable. 12 bil would make me a millionaire. If it's "inevitable" I might as well quit my job now and wait for that BTS paycheck to come in the mail.
this summer
Just tell me the number of whales you want ? From there it is easy (relatively).
So by this definition how many 'whales' does BitShares REALLY have?
Should the definition of whale be linked to the marketcap? ... 0.01% at 100billion$ is .. well .. not pocket money
Some one with 0.5% of shares or moreSent from my iPhone using Tapatalk