DEFINITION of 'Bitcoin Whale'

A bitcoin whale is term in the cryptocurrency world used to refer to individuals or entities that hold large amounts of bitcoin.

BREAKING DOWN 'Bitcoin Whale'

From the point of view of blockchain and its core decentralized feature, bitcoin whales cause concern, as the situation could lead to a small number of people having controlling power over the cryptocurrency.

Bitcoin whales could also have a disproportionate impact on prices, fueling speculation that some of BTC's recent wild price swings were due to price manipulation by the whales. (See also: Anonymous Cryptocurrency Trader Buys $400 Million in Bitcoin.)

Bloomberg reports that around December 2017, about 40 percent of bitcoins were held by around 1,000 individuals. (See also: Why Is South Korea So Important to Bitcoin Prices?)

  1. Bitcoin Core

    Bitcoin Core is software that includes a wallet, and helps keep ...
  2. Bitcoin Cash

    Bitcoin cash is a cryptocurrency is a fork of Bitcoin Classic ...
  3. Satoshi Cycle

    Satoshi Cycle is a crypto theory that denotes to the high correlation ...
  4. Bitcoin Classic

    A fork from Bitcoin Core that proposed increasing the size of ...
  5. Satoshi

    The smallest unit of the bitcoin cryptocurrency. Satoshi is named ...
  6. Trade Hill Exchange

    A Bitcoin exchange launched in June of 2011. Trade Hill Exchange ...
Related Articles
  1. Tech

    Anonymous Cryptocurrency Trader Buys $400 Million in Bitcoin

    A mystery cryptocurrency investor capitalized on bitcoin's price drop this week by buying $400 million in bitcoin.
  2. Tech

    Bitcoin Price Retreats From $10K As Mysterious Buyer Emerges

    Bitcoin's price fell below $10,000 amid rumors that a mysterious cryptocurrency buyer may be manipulating prices.
  3. Tech

    What Determines the Price of 1 Bitcoin?

    There are several factors that affect bitcoin's price, including supply and demand, forks, and competition.
  4. Tech

    Countries Where Bitcoin Is Legal & Illegal (DISH, OTSK)

    Although bitcoin has been in existence for five years, most countries still do not have consistent laws regulating the cryptocurrency. However, a few countries have banned bitcoin altogether.
  5. Tech

    Bitcoin Price Reverses Course And Is Moving Up Again

    The cryptocurrency's price is nearing $6,000 once again, after reversing two days of declines.
  6. Tech

    Can Futures Trading Solve Bitcoin's Problems?

    The introduction of futures trading is being hailed as the legitimization of bitcoin trading but what else does it mean?
  7. Tech

    Bitcoin Price Holds Steady But Future Spike May Be In The Cards

    Bitcoin's price remained steady even as bitcoin cash gained more than 11% in the last 24 hours.
  8. Tech

    If You Had Purchased $100 of Bitcoin in 2011

    Your initial $100 of bitcoin bought in 2011 is now worth $3,357,965
  9. Tech

    Bitcoin Price Continues to Fall as Bitcoin Cash Gains

    Bitcoin prices dipped as traders moved funds from bitcoin and other cryptocurrencies into bitcoin cash.
  10. Tech

    How Bitcoin Can Change The World

    Bitcoin has the potential to not only create savings for consumer, but also to transform global transactions.
  1. Why do Bitcoins have value?

    Performing with transactional anonymity, Bitcoin has value as a private digital currency, investment tool and social networking ... Read Answer >>
  2. Is Bitcoin legal in the US?

    Learn about the legality of Bitcoin as a form of payment in the United States, as well as how it is produced and concerns ... Read Answer >>
Hot Definitions
  1. Diversification

    Diversification is the strategy of investing in a variety of securities in order to lower the risk involved with putting ...
  2. Liquidity

    Liquidity is the degree to which an asset or security can be quickly bought or sold in the market without affecting the asset's ...
  3. Federal Funds Rate

    The federal funds rate is the interest rate at which a depository institution lends funds maintained at the Federal Reserve ...
  4. Call Option

    An agreement that gives an investor the right (but not the obligation) to buy a stock, bond, commodity, or other instrument ...
  5. Standard Deviation

    A measure of the dispersion of a set of data from its mean, calculated as the square root of the variance. The more spread ...
  6. Entrepreneur

    An entrepreneur is an individual who founds and runs a small business and assumes all the risk and reward of the venture.
Trading Center