How much BTC do you need to become a Bitcoin whale?

[Cici Lee]

Bitcoin whales have the power to drive the market forward. According to Diar, 1% of Bitcoin wallets controlled more than 55% of the circulation and supply of Bitcoin around the world. This means that a small number of people have a great influence on the price of BTC.

As a Reddit user pointed out, the standard of Bitcoin held by whales has been changing over time. For example, if you owned 10,000 bitcoins ten years ago, you are not a whale, you are just a pizza buyer. Today, however, having 1,000 BTC (or even less) will make you look like a Bitcoin whale.



Will 100 BTC make you a whale in the future? Or 10 BTC? Or maybe only one Bitcoin?

Some people think that in the future, to become a Bitcoin whale, you only need to have 0.28 Bitcoin. Of course, others do not agree with this view. They think that you still need to have the same number as today to become a Bitcoin whale. Why? Because the ability to change the market has nothing to do with the value of the currency, but with the percentage of the total supply you have.

However, some people think this may not be the case. After all, they believe that your ability to influence the market has nothing to do with how many bitcoins you hold, but with the total amount of liquidity available on the market. This means that as more and more individuals hold bitcoin, liquidity will decrease and the small amount Bitcoins holding will have greater influence.

The Bitcoin community also does not seem to have a clear answer, and the debate is still fiercely conducted without a conclusion. In addition, some people think that although 1 bitcoin may be very valuable in the future, it will never have the power to promote the market, because 1/21 million is basically a drop in the ocean.



Furthermore, since BitOffer launched the concept of European options that do not require deposits or handling fees, the “ownership of bitcoin” itself has also been weakened in the trading indicators of the platform.

Bitoffer options provide sections of 2 minutes, 5 minutes, 15 minutes, and 1 hour. Besides, it is worth mentioning that the bitcoin option spot index is composed of the equivalent weights of 7 exchanges.

In terms of operation, bullish is expected to buy, and bearish is expected to buy. The profit calculation is the same as the spot when buying up, how much will increase in the period to earn, when buying falls, how much will fall in the period to earn In short, it is to use a very small principal to bet on the ups and downs of the future range, to obtain high returns. Recently, Bitoffer launched the strongest Ethereum option, with 0 margins, 0 handling fee, and no need to exercise.

Thus, how many bitcoins do you think a person needs to become a whale in the future?

[MrSpasybo]

I think the shark is a rich individual, and the whale possesses the power of an entire collective, such as crypto investment funds, capable of creating waves for the entire community.
I personally think that whales are organizations that hold at least 0.01% of the total BTC supply, which is over 2100 BTC

[Cici Lee]

The formula is simple, you will need less and less bitcoins if the price of the bitcoin keeps increasing for example if now price is 10k then holding 1000btc is considered a whale but when price will be over 100k only 100 btc person will also be considered a whale so it depends on the value.

[wahyudi]

in my opinion about 40 percent of the currently circulating bitcoin is held by 1,000 users.
 These 1,000 people were then dubbed "whales" or popes.  If one whale sells part or all of the portion he has, the value of bitcoin will "shake".  More than that, the whales can form a structured and coordinated collective to control the price of bitcoin as they like ..
 so whatever coins we will mention we will not become a bitcoin whale, because we cannot.

[Cryptoz]

Is 100 BTC enough to be a whale? I think there is no exact amount for Bitcoin to have. But yes, 100 BTC isn't a small amount, it can bring effect on small exchanges once you decide to sell all of them suddenly. But it seems unlikely to happen, 100 BTC is a hard amount to get, especially for me. 

[megusen]

100 BTC if today is not a whale but is moby-dick. We all now. The bitcoin is the King of cryptocurrency. 100 BTC it's not a small amount right? It's like a monster for me. Somedays we will be a whale one crypto world

[corr]

It's not about how many bitcoins you have, it's about how many millions, billions of dollars you have to manipulate the bitcoin exchange rate. I think a whale is not one that has a lot of bitcoins. A whale is one that has a lot of dollars to manipulate the exchange rate of bitcoin or some other cryptocurrency

[Andruha1993]

Yes, times are changing. And now it’s hard to know how much Bitcoin you need to become a whale. But I think that personally I will never become a Bitcoin whale.

[Altcoin1998$]

To be a bitcoin whale one can need 100 btc and more amounts. But to be a bitcoin whale a impossible dream for me.

[TupoAlts]

I guess it should be related to the % from the total supply

[alltalk]

I guess it should be related to the % from the total supply

If you think it is about how many percentages of total supply, how many % we need to be a whale? I think it is not so different than what OP stated above. However, you need to determine how many it is (if you followed OP). Also, you differentiate between a small exchange and a big exchange. Example, on a small exchange, you can be a whale with 100 BTC, but on a big exchange you maybe just an average trader/investor.

[Jaguar]

Whale posses huge amount of bitcoin that's why it calls whale. Whale is potential to create sound that can be heard from long distance which almost everyone can heard its sound. That's how whale create a sound wave it will echo. In relation to bitcoin, they can disable small creation that challenge their ability. In other hand their approach is gentle but dangerous for some and meaningful for many.

[Prime]

100 BTC is more than enough for me to a whale in my local exchange. But it seems never to happen because how can I get 100 BTC. It is only a dream and surely not in real life. Maybe I need a miracle in my crypto jobs to get it. 

[UNIVERSE]

100 BTC is okay to be a whale but the question is how we can get 100 BTC? I think we are discussing about a dream and it is not so interesting for me. Even 1 BTC is very hard to get because not all crypto users have big funds to buy.

[Coin63@]

Above the picture shown,,, you don't say the size matters of whale... If you are becoming a big size whale you need minimum 100 btc and middle size you should need below 100btc... But i have no bitcoin,, so to be a bitcoin whale a impossible dream for me just say very much valuable tongue.