When you see an immense drop in a coin’s value, people will at times accuse whales. In the realm of bitcoin, there are institutional investors and there are whales. Institutional investors, for example, Goldman Sachs are getting to be huge crypto speculators. However, whales have been here since the start of cryptocurrency, particularly in bitcoin.


How Whale manipulate the crypto market?

Whales utilize a strategy called “rinse and repeat”, this strategy can be amazingly productive to a whale whenever planned right. The whale, holder with an extensive level of that coins volume begins auctioning off lower than the market rate. Whenever such a situation arises, the other coin holders will start panic selling their coins. At that point, the whale will watch and re-repurchase coins when the cost of the coin achieves an extraordinary failure. Then just repeats this process accumulating more wealth, more coins, and more control over that coin.


Who exactly are Whales?
The choice of rising and falling of the values of coins is dependably between the whales. The most renowned whale is one you’re not liable to see, or if nothing else not know it on the off chance that you do. That would be Satoshi Nakamoto, who created the cutting edge cryptocurrency and mined the first bitcoin on 3 January 2009. Since we can figure out what wallets to store the bitcoin he mined, we can evaluate that Satoshi claims around one million bitcoin, however, the full degree of his holding isn’t known.

At the opposite end of the range, the Winklevoss twins, Tyler and Cameron, live in the spotlight. They are presumably the most well-known crypto investors, particularly after the buy of $11 million in bitcoin in 2013 after an effective claim against Mark Zuckerberg and Facebook. It’s assessed that at one time, the Winklevoss twins claimed 1% of all bitcoin mined.

Not all whales is a single individual. Pantera Capital, which was established in 2013, is best known as the first bitcoin venture firm in America. Pantera Capital’s order to put into blockchain and computerized resource related organizations.


How the EOS community is helping us to fight against whales?

EOS community is totally against whales and they do not like the fact that their blockchain is being controlled by some people. EOS keeps running on Delegated Proof-of-Stake. For this, they prefer block producers (BPs), instead of miners to figure out who will validate blockchain. Their solution to this problem is that people who have done huge investment should be preferred for making important decisions, in light of the fact that in the end, they are the person who is going to suffer from huge loss. EOS follows an election system in which its users can make use of their token for choosing candidates, who will further participate in maintaining blockchain. There are in total of 21 candidates selected after voting. Now this 21 candidates will create blocks and keep things running smoothly. As remuneration for maintaining blocks those candidates will be rewarded by EOS tokens.

How to deal with Whales?

Always keep in mind that whenever you became tied up with a quality crypto-coin and have faith in its locale and tech, don’t give feeble hands a chance to deflect you from staying in the game. A huge number of individuals have lost a huge number of their money due to panic selling. The sooner they come up short on free hands to benefit from, the sooner we would all be able to ride the following wave up! We can beat them at their diversion by sticking together. Simply just trust the fact that whales can’t hold the cost down forever.