/biz/ - Business & Finance

>>57304465
Loose term. I think some living on $1 per day (a large percent of the population) would view anyone with 1 btc as a whale. But a firstworlder may not

>>57304465
I thought whales were just obese investors?

>>57304465
Owning 5% or more of the circulating supply. If 99.2% of the supply is staked/hodlers, then owning 5% of the remaining 0.8% (aka .04% of total supply) makes you a whale.

>>57304465
Minimum 1% is a small whale.

>>57304465
>What is considered “whale status” when it comes to holding a % supply of a cryptocurrency?


I think regardless of size, you're a whale in a coin if you have a a few % or more. Debatable exactly where the line is drawn but I think under 1% is hard to call a whale, definitely by a few % you could be a whale. For example with 4% there can only be 25 people like you - that's definitely a whale.

This requirement drops as mcap goes up, though, because we also consider $ value to matter. Obviously the guy with 10% of a $1mil mcap coin is not a "whale" IRL with $100k; he is merely a whale in that coin. But if you have even 0.01% of the BTC supply that's like $83mil; enough to be called a Whale on biz but if that money is all in BTC you're not really a BTC whale and could have no influence on the price at all.

Another way to look at it would be vs. liquidity, but we don't really do that.

0.1% is whale. that's 21,000 btc...

I just want 0.000001% of every coin and ai will feel happy.