How to profit from crypto whale wallets?

?Every time a cryptocurrency transaction is made, the network records it in a public ledger. These transactions are kept in this public ledger called the blockchain. Online, so anyone can see, hear, and download it.

Most cryptocurrencies are on the blockchain, with Ethereum and Bitcoin being two of the most popular examples. This is why it's so easy to trace all transactions made by one cryptocurrency wallet to another. It is also why it is possible to see which wallets have more bitcoins or ether.

If a whale, big cryptocurrency holder, suddenly buys a lot of ether or bitcoin, then everyone in the network will know about it. Who he is and how much he's bought will become public knowledge. Everyone else frantically buys ether or bitcoin to try to get some themselves before the whale gobbles up everything in sight.

That happens all the time, and it happens because the whales know that they won't be alone when they make their move if they coordinate their actions with other whales. It’s called “herding.” Because they’re such large holders of the cryptocurrency they decide to go in a certain direction together and lead other traders into buying the coins that they want right now.

Each cryptocurrency owner will have his own policy on how to manage his personal crypto portfolio. One owner might be very careful about selling all his coins immediately. Another might sell half of his coins and wait until the price goes up again before selling off his remaining stash. Yet another might actively trade cryptos during market swings, attempting to pick up a few more tokens as the price dips and selling them when he can get a better price than he did earlier.?

Learn more about crypto currencies at https://robotbulls.com/coin