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Remember: Whales will always be smarter and more capable than you.

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by COINS NEWS 175 Views

They have money and money is power. Big liquidations by whales have big impacts on coin prices - even BTC.

Similar to being a little fish in a big ocean, don’t try and mess with the whales, guppies. It’s better to sit back and watch them, so as not to get swallowed up.

First off, know this: whales are smarter and richer than you. Because of this, they’re able to manipulate markets to cause panic and dips, which essentially liquidates paper hands and allows whales to buy up more coins at a lower price.

Why track whale transactions?

Whale transactions are often aimed at moving markets, and are aimed to benefit whales at our expense. Given the transparent nature of blockchain-based transactions, monitoring whales can provide clues as to possible moves before they happen, and also to help you determine whale action vs an actual crash.

So, look at candles and other on-chain data. Keep your emotions in check.

submitted by /u/michaeljpec
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