The bearwhale on r/bitcoin, are you guys seeing what I'm seeing?
The bearwhale thread So I made an account on reddit again for this, having been logged off and lurking for a few years now. I was around in 2014 and I was watching the market, subreddits, chats and the market sentiment very closely. The reasons he listed for selling weren't even occurring back then. Theymos wasn't censoring bitcoin , nobody was discussing the block size among the community, the devs discussed it faintly like any other upcoming issue, and did blockstream even exist?
The market agreed with the above, leading to the then-decline in price towards $300
No. Not a single word of this was uttered by traders. If this guy is really the bearwhale, he either knew about things way before everyone else (the community) did and is currently exaggerating and mistaken about a few points, or he's lying. Considering how he's appealing to emotion in such a fitting way and calling UASF, I can't help but wonder if it's a well placed astroturf piece. Considering that his signature is valid for a wallet holding and moving a large sum of bitcoin back then, that could simply mean the bearwhale is taking part of this astroturfing. VC/Institutional investor? And what was going on back then with bitcoin was in fact the buttcoin trolls were allowed and encouraged to run rampant in bitcoin, "it's just criticism" - words spoken by the bitcoin mods each time they answered to protest. I think this is important to remember.
The "BearWhale" recently crashed the price of Bitcoin by cashing out nearly $8 million worth of BTC. But, just as recently as two and a half years ago, all it took to crash the price was a measly $13,000 investment in 10:1 leveraged Bitcoin shorts. Unfortunately for the person who made this bet, though, he (or she) made the mistake of bragging about it, posting a screenshot of the highly-leveraged position on the BitcoinTalk forum. Unlike today, when we wonder who the BearWhale may be, the "BearWhale of 2012" openly identified not only himself, but his financial position as well. This meant that everyone could see the exact point at which his bet on the price of Bitcoin going down would be force-liquidated, and he would lose everything. So that's exactly what happened. The original posts have since been deleted, but another trader (and rather perturbed Bitcoin supporter) saw the post of the leveraged "BearWhale of 2012" bragging about shorting Bitcoin, and decided to buy a large amount of BTC instead, raising the price and forcing a margin call on the position. He then posted saying he had done so, decidedly slaying the "BearWhale of 2012." The result was immediate, and hilarious. Given the somewhat shoddy and unreliable nature of Bitcoin trading platforms at the time, most traders had no idea what had happened. MtGox had a live data feed that was prone to melting down at the most inopportune times. As far as most traders could tell, the price had just inexplicably gone down, and then just as inexplicably gone back up, while in the mean time many leveraged positions had been thrown into disarray. Many were blaming the trading platform, Bitcoinica, for a glitch. But word of the dueling shenanigans spread on the forum, and most quickly realized that the reality of Bitcoin trading was "far more entertaining than some TV drama". In the aftermath, the volume and zeal of Bitcoin speculative trading was dampened considerably by this episode, and the price stabilized for a lengthy period. No doubt many lawyers and accountants were consulted, and probably even some lawmakers contacted, due to money earned and lost. Leveraged Bitcoin trading would eventually disappear for a time. Today, though, it is in the process of returning. The players have mostly all changed, but the game remains much the same.
BEARWHALE Home Top 100 Currencies Whales Bitcoin. 24hr Change. price. Last 24 Hours. Top Bitcoin Whales. currency exchange timestamp whale side symbol quote price amount total; Bitcoin Bitfinex 18 hours ago SELL: BTC USD $11,675.00 50 $ 583,750: Bitcoin Bitfinex 18 hours ago SELL: BTC USD $11,663.00 39.81 $ 464,282: Bitcoin Bitstamp 13 hours ago BUY: BTC USD $11,700.00 38 $ 444,600: Bitcoin ... From Bitcoin Wiki Jump to: navigation , search The bearwhale is an unknown speculator who famously posted a 30,000 BTC ask at $300, well below the trading rate at the time. As Bitcoin’s pre-halving rally began to get traction recently, driving the price of BTC closer to $10,000, J0E007’s fortune started to reverse. Somewhere between May 7 and 8, his unrealized loss on Bitfinex grew to exceed $21 million. “Now JOE007 is REKT $20mln loss on his short position,” tweeted popular crypto enthusiast PlanB on April 30. . Shorting is a trading strategy based on ... Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all ... but I do not understand what a bearwhale is…. submitted by /u/omnifecint . 1 Bitcoins. Bitcoin News and Search. 1 News -24 7 News -24 7 Bitcoin -1 Search. Search for: Posted in Bitcoin News, News, Reddit Tagged 247 Bitcoin, Bitcoin, Bitcoin News, Bitcoins, BTC, Reddit. Leave a Reply Cancel reply. You must be logged in to post a comment. Search for: Categories. Categories. Featured Articles ...
BIG Bitcoin Move Coming Slaying of the BearWhales!! This NEEDS TO HAPPEN!!
The BearWhales are controlling the Bitcoin price, and thus the entire crypto markets. They want the price of Bitcoin to keep going down, but the Bitcoin bull... Bitcoin History: The slaying of the BearWhale - Duration: 4:14. Last Juan Standing 4,811 views. 4:14 🌟 BITCOIN BATTLE 🌟bitcoin litecoin price prediction, analysis, news, ... Bitcoin History: The slaying of the BearWhale - Duration: 4:14. Last Juan Standing 4,442 views. 4:14. Trading Tip #12: Three Mistakes of Beginners in Cryptocurrency - Duration: 13:47. DataDash ... Bitcoin has aggressively shot past $11k and triggered a massive short squeeze! This was to be expected as many retail traders were short on the market desper...