Author Topic: What's a Whale?  (Read 7076 times)

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Offline BunkerChainLabs-DataSecurityNode

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.

It's probably just one trader at goldman :)
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Offline Ander

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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.
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Tuck Fheman

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I wonder if I'm a whale then.  How many do you have? :P

You're a whale in my book Ander, even if I have more BTS than you. ;)

Offline Ander

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What is your definition of a BitShares whale?

Anyone with more BitShares than me.

I wonder if I'm a whale then.  How many do you have? :P
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Tuck Fheman

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Pretty likely. 

Right, it would make the most sense (I think).

What other "altcoin" would Overstock invest in that they could have lost that much on during that time?

What is your definition of a BitShares whale?

Anyone with more BitShares than me.

Offline Ander

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Pretty likely. 

Given that they own several altcoins, I'd say the #1 is probably counterparty, they probably bought it up before they announced, and #2 is probably bitshares, which they also couldve bought up while they were meeting with the devs.

I wonder if they were dumping during the big decline.  Hmm...
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Tuck Fheman

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Maybe Overstock - who has met with the BitShares Brass - is one of the whales...

Maybe BitShares is the "altcoin" that lost them $100K?   ;)

Offline mint chocolate chip

Maybe Overstock - who has met with the BitShares Brass - is one of the whales...

http://www.coindesk.com/overstock-reports-over-100k-in-bitcoin-losses-for-q1-2015/
Quote
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.

Offline arhag

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# people; #BTS owned(range)

1   -     400-200 Million
2.4  -   200-50 Million
9.25 -  50-15 Million
37.5 -  15-1 Million

Not sure what you are basing that on but that last category seems incredibly suspect. http://richlist.btsgame.org/

Offline Ander

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Does btc38 count as one big 200M+ holder on your list, or does it count as some whales, and miniwhales, and a bunch of smaller holders?
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Offline tonyk

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1   -     400-200 Million
2.4  -   200-50 Million
9.25 -  50-15 Million
37.5 -  15-1 Million

Interesting, 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.
Good.... you are supposed to be one of those those 37.... and 1/2 people.
As for half and fractional people - feel free to round them to your liking... The numbers are what I got...interpret them as you wish.
Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline Ander

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1   -     400-200 Million
2.4  -   200-50 Million
9.25 -  50-15 Million
37.5 -  15-1 Million

Interesting, 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. 
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Offline Ander

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When a whale buys and sells, he has to do it a bit at a time over many days, or it has a huge effect on the price. 


Yeah, some of us could drive it up or down 10% with a million buy or sell, but it would go right back to where it was afterward, and we would be left looking silly having paid a 5-10% premium.  Look at all the times recently it has spiked one way or the other and then come most of the way back right away.  The real whale buys or sells 1M over and over again over the course of days, and causes an uptrend or downtrend. 
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Offline tonyk

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Below are my best guess/predictions based on all the info I can get my hands on:

# people; #BTS owned(range)

1   -     400-200 Million
2.4  -   200-50 Million
9.25 -  50-15 Million
37.5 -  15-1 Million



1* Treat those as what they are -predictions/estimates. There is no guarantee that I can provide that there is a person with more than 200 mil BTS, or that there are not 3 of them with more....


2* I do not have my own 'whale' level. As far as 'able to move the price' criteria, I personally do not find it very useful - It is possible to move the market 10% with less than a million BTS at certain times.


Lack of arbitrage is the problem, isn't it. And this 'should' solves it.

Offline Thom

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")

My definition of "nice" exceeds 0.01%, since 0.01% of a 200m marketcap is only $20,000. Now if you remove the percent sign, that is a nICE COOL $2,000,000.00

Seriously tho, I wouldn't scoff at $20,000, but that's not exactly how I'd define a whale.
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