Hello everyone,am super excited that the season three (3) of cryptoacademy kicked of with so many interesting topics,indeed the beginner course is such an eye opener for me in my cryptocurrency journey and I must sincerely appreciate professor @wahyunahrul for this wonderful lecture,thank you sir.

The role whales plays in the cryptocurrency market can never be overemphasized.
Considering what has been happening in the crpto market foe the past few weeks,most of my friend who invested in BITCOIN to be precised has lost a whole lot of money as a result of the a fall in the price of bitcoin and kept on asking myself what is really happening in the cryptocurrency market because the rate at which currencies fell drastically is not something to ride home about but with this lectures I have gotten clarity on the questions that has been spinning up in my head. Indeed whales has so much influential power in the cryptocurrency market.

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Every body,firm, system,association or company surely has a ruling body who controls the activities of others and indeed the whales has proven as well that the cryptocurrency market is not different. It is not possible for an employer to tell the employee what to do ,same thing is applicable here,the small investors can't tell the whale what to do but rather they can only pray that the actions and decisions of the whales favors them.

In this week's lecture,Prof. @wahyunahrul has taken his time to explain who the whales are,the different stages they operate and how they can affect the cryptocurrency market and with regards to his lectures,I will proceed to answer the questions he asked with respect to what he taught.

QUESTION 1.

BASED ON THE UNDERSTANDING THAT YOU'VE GAINED FROM THIS CLASS,EXPLAIN WHY WHALES ARE SO FEARED BY SMALL INVESTORS.

To answer this question, I will start by giving a definition of the word "whales".

A whale is said to be a person,group of of persons or community who owns a large amount of cryptocurrency and because of the quantity of cryptocurrency they posses,,it gives them the influential power to easily control/manipulate the price of cryptocurrency.
Their power can cause cause a rise or fall in the price of cryptocurrency in the market within a seconds.

Why do small investors fear whales?
In cryptocurrency market the rise and fall in the price/value of cryptocurrencies is dependent on the la of demand and supply.
When many people want to buy a coin and the sellers are just few then the price goes up and also when many people wants to sell and few persons are willing to buy at that point , the price goes down.

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Now the main reason why whales are feared by small investors is because they posses a very large number of cryptocurrencies and their decision with their possession affects the market and small investors very much because whales invests on cryptocurrencies that are very limited in number so when they start buying up cryptocurrencies in a large amount, it makes the price of that particular currency to to go up because considering the quantity they do but the supply will be limited causing a great increase in the price and making demand bigger than supply and when such things happens many people will be tempted to sell their coins off and once they start selling it, the supply will become much in the market causing a fall in the price as much coins are available in the market for sell causing supply to become bigger than the demand.So the law of demand and supply plays a major role in the cryptocurrency market and it's the whales that triggers this law with their decisions.

Cryptocurrency business is not meant for people who a sentimental and the whale understands this fact but most traders don't understand this so they are easily tricked by the whales who will use their trick and make them to sell off their coins for low prices and still make them to buy it back at high rates and because of this particular act of the whale, small investors fear them very much because each move it decision they takes affects the small investors.

Let's take for instance, a post that was made by Chainanalysis chief economist, Philip Gradwell on the 27th May 2021,he wrote" investor whales" bought 77,000BTC worth over $3million dollars. Source
It was recorded that the dipping that took place between last months or so where BTC has to fall from $49,000 to $30,000,that the whales seize the opportunity to buy more coins in their possession and indeed it was the small investors who was tricked into selling off the little ones they had thinking maybe the price won't go up, but the truth is that because the whales have acquired much coins in their possession, very soon there will be a rise in the cryptocurrency market and the small investors who sold off their coins will regret why they did it.

QUESTION 2.

WILL WE BE ABLE TO TAKE ADVANTAGE OF THE EXISTENCE OF THE WHALE THAT IS SO FEARED?

For me I will say that the answer to this question is yes.
Even though it's not going to be an easy task to take advantage of the existence of the whale because the whales are very smart and the small investors cannot out smart them so the only thing to do is to have the mind of the whales and always be on guard. According to this lecture,professor @wahyunahrul made it clear that the moveent of the whales occurs in fore stages which are accumulation,uptrend, distribution and downtrend and it's very hard to predict when a whale will initiate any of these moves but with consistency in following news update and by proper studying of the market,we can tell when a move has already started. So as a small investor,you should know that each time a dipping occurs,it's an accumulation stage for a whale to purchase much coin and once they have gotten the quantity of coins they feel like they need,just watch out something huge will happen.

So as a small investor,act like a whale.Once you notice that they are at the accumulation stage,try and accumulate as much coins as possible,if you have money to buy coins buy,but if you don't have money,hold back the little ones you have and don't be too desperate to sell off your coins. Also, while holding your coins follow the market and news very well and once you notice a slight decline from the uptrend stage know that they are about selling and then follow them and sell as well , in this way you will be making profit alongside the whales that are so feared.

QUESTION 3.

FIND AN EXAMPLE OF A WHALE'S CYCLE ON A CRYPTOCURRENCY CHART, AND DO A DETAILED ANALYSIS OF THE PHASES IN THE CRYPTOCURRENCY CHART. (DON'T TAKE THE CRYPTOCURRENCIES THAT ARE RANKED IN THE TOP 10 AS EXAMPLES )(SCREENSHOT IS REQUIRED)

As at the time of this post,according to http://coinmarketcap.com,the coins that are ranked top 10 is showed in the screenshot below.

The screenshot of coins that are ranked top 10

Using the cryptocurrency, SHIBA INU,which is not among the top 10,I will like explain the phases the whales operate with.

ACCUMULATION STAGE.

This is the first phase a whale passes through,in this stage the whales tends to buy cryptocurrencies at a lower price because of the fall in the price of cryptocurrencies in the market.
Since the price of the cryptocurrencies are not fixed, the whales targets a particular time when the supply is much in the market which will make the value to be down and buy coins and hold it in their possession waiting for the next phase, so this period is a period of accumulation.

UPTREND PHASE.

In uptrend phase, whales buy cryptocurrencies in a large quantity, and when this happens, it makes other traders or investors to join in buying cryptocurrencies which they had already set aside / kept. At this point, the graph of the cryptocurrency will turn to green colour. Although, sometimes , when this increase of cryptocurrencies occurs, some investors will go ahead to sell their cryptocurrencies gradually.

DISTRIBUTION PHASE.

At this point,whales will start selling their cryptocurrencies gradually and be making their profit while the small investors will be busy buying not know that the whales has a target which Is to sell their cryptocurrencies at a certain price in other to gain more.

DOWNTREND PHASE.

This is the last phase and at this point the small investors will realize that the whales has sold all their cryptocurrencies causing a drastical fall in the price of the cryptocurrency and at this point , the graph of the cryptocurrency will automatically turn red showing a fall in the price of cryptocurrency in the marke.

QUESTION 4.

IF YOU ARE A WHALE,WHAT CRYPTOCURRENCY WOULD YOU CHOSE TO INVEST OR TRADE(EXCEPT THOSE THAT ARE IN THE TOP 10),EXPLAIN WHY YOU CHOSE THAT CRYPTOCURRENCY.

If I was a whale ,there are so many reasons to consider before choosing a cryptocurrency to invest in and before choosing also I will make a thorough background research.

Now let's say am a whale,the cryptocurrency I will chose to trade is STEEM. Steem is a decentralized cryptocurrency that powers the steemit blockchain. So one outstanding thing about a whale is his influential power. So my reason for chosing steem,is when I am able to invest much on steem and then powers the steem up and gain steem power I will become very influential in the steemit blockchain because more steem you have in your wallet the more influential you will be in the system. So if I invest in steem now that the price of steem is low then powers it up and earn steem power and become influential,anything the price of steem increase in the market I can decide to power down and sell my coin and make profit.

QUESTION 5.

DO A KIND OF ANALYSIS AS A WHALE WITH THE PHASES THAT I EXPLAINED EARLIER ON THE CHART OF YOUR CHOSEN CRYPTOCURRENCY ÀND EXPLAIN HOE YOU WILL TAKE PROFIT. (SCREENSHOT REQUIRED)

From the above chart,I will be explaining when to buy and sell my chosen cryptocurrency to enable me make profit.

Looking at the chart above , you will see that all is in red which indicates that the current price of this particular cryptocurrency which is STEEM is very low. From the lectures, I understood that whales buy cryptocurrencies when the price is low which is the accumulation phase and start selling gradually at the uptrend and distribution phase where the chart turns green but looking at the chart we will see that current rate of steem is very low and is very good for buying but not for selling.

So as a whale, all I will do right now is to keep buying steem until when the price of steem will rise and the chart turns green, only then can I sell the steem I have in my possession and make profit so right now is not a good time to sell steem but rather the best time to buy steem.

CONCLUSION.

The whales has so much influential power to move the market and their decision affects the small investors but on the other hand the small investors also have the power to move and influence the market but the only thing they lack is an organised community where they can convert their individual investment into a single community investment.

The whales are very smart and all the strategies that have applied in tricking the small investors always work so if the small investors can be wise enough to study the moves and strategies of the whales then they can gain do much from the activities of the whales and that will enable them to transact when the whales are transacting and also enable them make profit when the whales are making profit.

Thanks for this awesome lecture.

This is the link to my expired post which wasn't reviewed nor curated.

https://steemit.com/hive-108451/@ladyofpolicy/beginner-s-course-steemit-cryptoacademy-season-3-week-1-topic-whales-the-driver-of-cryptocurrency-value-for-professor

CC;
@steemblog
@wahyunahrul
@cryptoacademy