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Do you follow the movements of whales and do you think it's a good idea to follow and sometimes copy their trades?

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by COINS NEWS 96 Views

Don't get me wrong, you probably know what I mean - I am talking about "Following the smart money".

Whales are playing whales games. These, a lot of times, anonymous and mysterious people or organizations have a significant impact on crypto ecosystem.

They can manipulate the price of some coin with small market cap, if working together.

For example, people who like trading stocks follow advices of famous traders in stocks, right?

They are big players and they can sometimes give us some clue what is going to happen.

A lot of people follow if whales are holding their money on the exchanges or in private wallets - if it is in a private wallets it means that it is a hold time - example of the clue I talked about.

People are monitoring them, watching them. Do you do the same? Did it pay off if you did?

submitted by /u/middlemangv
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