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Don’t Get Trapped By Whales
By Laxmikant Khanvilkar
We know about the ways of investing in cryptocurrencies alongside large investors; also known as the whales. Let’s now try to understand what measures retail or small investors should take to avoid getting trapped by whales.
Whales being large/dip-pocketed investors always carry an ability to create noise in the market leading to quick gains. However, it is important to remember that the whales are not always right. They can make mistakes, just like everyone else. So, before making any decisions, make sure to do your own research and always pay attention to the risks associated with investing.
Following the whales can be a great way to stay informed and informed about the cryptocurrency market. But what exactly does it mean to follow the whales?
The term ‘whale’ is used in the cryptocurrency world to describe a large investor with a considerable amount of money to invest in digital currencies. These whales can move the market with one significant buy or sell order, and they often have enough capital to manipulate the market in their favor.
The whales keep a close eye on news and upcoming events, and they often have insider information on which projects are worth investing in. They are also able to read the market and spot profitable opportunities that smaller investors may not have access to.
Following the whales can be beneficial to investors because they often take advantage of buying low and selling high. They also can move the market in their favor, and their actions can be used as indicators of which projects are worth investing in.
For those who are just starting out in the cryptocurrency world, following the whales can be a great way to stay informed and informed about the market. It’s also important to remember that cryptocurrency is a volatile market, and it’s important to do your own research before investing. The whales may be able to make a quick buck, but it’s important to remember that they make quick moves to gulp in small fish in large numbers.
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