#XAUT ๐ The world of whales in Binance: Who are they and how do they control?
Many of you look at the top three positions (in the leaderboard) and see incredible numbers reaching 15 million dollars in trading! Come on, let's understand the story of the "whales" in the gold competition:
1๏ธโฃ Who are the whales?
Whales are traders (or companies) that have very large capital. They are not in it to make 100$ or 200$; their goal is to "acquire" the top five positions to steal the grand prizes (like the 10 XAUT).
2๏ธโฃ How do they reach 15 million dollars in trading?
The secret is not just in the money, the secret is in the Bots (automated trading programs). The whale runs a "bot" that buys and sells thousands of dollars every second. They may pay trading fees more than the prize itself, but they do it to maintain the "prestige" of the first position or as advertising for their wallet.
3๏ธโฃ Can we compete with them?
Honestly? No, and we don't need to compete with them! ๐ซ
Whales fight for positions from (1 to 5). We at FAMI X play smart; our goal is the "safe zones" (like the top 1000 or top 200). We quietly take our share of the gold without risking millions of dollars.
4๏ธโฃ Why do we need to know them?
So we don't get discouraged! When you see a whale trading with 11 million dollars and you are trading 3 thousand dollars, remember that you are a "smart trader" looking for net profit against a small capital, and they are "professional fighters" in a completely different arena.
๐ก FAMI X message:
While the whales are fighting above, we are quietly crawling to the top. The important thing is not how much money you have, but how you manage the battle correctly! ๐ช๐ฆพ
In your opinion.. do whales benefit the competition if they control it and deprive the rest? Share your opinion! ๐
