What is a bitcoin whale?

A bitcoin whale is term in the cryptocurrency world used to refer to individuals or entities that hold large amounts of bitcoin. From the point of view of blockchain and its core decentralized feature, bitcoin whales cause concern, as the situation could lead to a small number of people having controlling power over the cryptocurrency.

What is a whale and how do they manipulate cryptocurrency prices?

What is a “Whale” & How Do they Manipulate Cryptocurrency Prices? You might have heard the term “ Whale ” before in the Cryptocurrency community, whales are typically individuals with high net-worths in certain currencies which hold the power to sway the markets in their preferred direction.

Are there whales in the crypto sea?

You’ve probably heard about the overarching influence of bitcoin (BTC) whales, but it turns out there are plenty more fish in the crypto sea – and they all have an impact on the health of the sector. Are you one of those hard-to-find whales after all, or are you a mere crypto ocean bottom feeder? It’s time to find out!

What happened to bitcoin?

In Oct. 5, 2014, when Bitcoin was worth around $320 and already In steady degradation, so to speak), a person decided to place a sell order of 30,000 bitcoins for $300 each, a value every other exchange had no other option but to follow. In doing that, a wave was brought forth into the Bitcoin market, one as strong as a whale’s dive would generate.