Whale's Game

9th June 2022, Thursday

The real life whale and the crypto whale in the cryptocurrency world are completely different, as most of us know. However whales are also referred to different positions in cryptocurrency with more different marine creatures names. Such as shark, crab, shirmp, fish etc. They are given different names according to the amount of money each person holds. You can understand your position by looking at the table below. Here details

The number of shrimps is the largest in the cryptocurrency world. Because not everyone in the cryptocurrency world is professional, most people enter the cryptocurrency world with little money. When the amount of money goes up and profits start coming in quickly, they increase the amount of money and take these overall titles. But it is very difficult to get these large titles from small money, and luck has to be helpful, such as whale. Despite these marine names, the most widely used name in the cryptocurrency world is "Whale".

If you look at the picture, you will get some idea about crypto whale. Where crypto whales easily catch and eat small fish. And those little fish are small investors like us. Those who invest a little money on a project in the hope of small profits.

These crypto whales are playing games with us all the time. This game is about winning or losing money. Most of the time our investments turn into food for these crypto whales if we don't play with intelligence.

Photo credit

BTC has been trading between $ 28k and $32k since the Terra Luna collapsed about 3 weeks ago. In that case it can be said that the price of Anantya cryptocurrency is being manipulated so much mainly due to the price up-down of BTC. But behind this up and down is a game of looting crypto whales. Which, of course, made the video an overnight sensation. However, if you do not trade carefully in this situation, you may lose a small amount of money that you have invested in various DeFi.

Whenever the BTC price reaches $28k, crypto whales buy and hold BTC at a low price. The purchase of BTC by crypto whales has resulted in a slight increase in its price. Then the general investor as we see the price increase we re-invest on top of BTC. When that BTC price reaches 32k, the crypto whales sell their BTC and the price starts falling again. Which you may see in the chart.

And this is how the game of crypto whales continues!