Since its inception in 2009, Bitcoin has taken the world by storm, attracting a diverse range of investors and enthusiasts. As the popularity of this digital currency has grown, so too have the distinctions between various levels of Bitcoin holders. In this article, we will explore the different categories of Bitcoin ownership, ranging from the beginner shrimp to the experienced humpback.
The Different Levels of Bitcoin Holders Explained
Here is a quick look at the different types of investors in the Bitcoin space and their overall slice of the pie:
1. Shrimp
The shrimp represents the entry-level Bitcoin investor, holding only a fraction of a BTC. These individuals are new to the cryptocurrency world and may still be learning the basics. Shrimps typically hold a small amount of Bitcoin and are cautious in their approach to investing.
2. Crab
Crabs are Bitcoin holders who have gained some experience and knowledge in the cryptocurrency market, owning between one to 10 BTC. They have a better understanding of Bitcoin’s mechanics and may have made a few successful trades. Crabs are more confident in their investment decisions but still exercise caution.
3. Octopus
The octopus is characterized by its ability to multitask and manage multiple investments. Octopuses are knowledgeable about various cryptocurrencies, including Bitcoin, and diversify their portfolio. They actively engage in trading, seeking opportunities for profit in the volatile crypto market. These people have between 10 to 50 BTC.
4. Fish
Fish are intermediate-level Bitcoin holders who have gained considerable experience and knowledge, possessing from 50 to 100 BTC. They have a deep understanding of market trends, technical analysis, and fundamental factors influencing Bitcoin’s price. Fish actively participate in trading and may explore more advanced strategies like margin trading or futures contracts.
5. Dolphin
Dolphins are skilled and seasoned Bitcoin traders who have achieved consistent profitability that’s why they are more confident to put their holdings between 100 and 500 BTC. They possess extensive knowledge of trading indicators, risk management, and market psychology. Dolphins have honed their trading strategies and often analyze charts and patterns to make well-informed decisions.
6. Shark
Sharks are influential figures in the Bitcoin ecosystem. They have amassed substantial wealth through their Bitcoin holdings and are capable of significantly impacting the market with their trading decisions. Sharks often have insider knowledge and access to advanced trading tools. They have the power to trigger significant price movements through large-scale trades. With that, they are comfortable managing between 500 to 1,000 BTC.
7. Whale
Whales are Bitcoin holders with immense wealth and power. These individuals or entities possess a substantial portion of the total Bitcoin supply. Each whale has over 1,000 coins, giving them the ability to manipulate the market. Whales can trigger significant price fluctuations through their massive buy or sell orders, often attracting attention from other investors and traders.
8. Humpback
Humpbacks are the largest and most influential Bitcoin holders. They are typically institutional investors, hedge funds, or large corporations that hold a significant amount of Bitcoin. Humpbacks can impact the market on a global scale and often have a long-term investment horizon. With that, this position is reserved for those with over 5,000 BTC.
Final Thoughts
It’s important to note that the distinctions between these levels are not rigid or universally defined. They serve as a general framework to understand the different types of Bitcoin holders based on their knowledge, experience, and financial power.
Overall, the Bitcoin ecosystem comprises a diverse range of holders, each occupying a distinct position in the cryptocurrency market. From the beginner shrimp to the powerful humpback, these levels represent a spectrum of knowledge, experience, and financial influence. Understanding these distinctions can provide insights into the dynamics of the Bitcoin market and the individuals who shape it.
Giancarlo is an economist by profession with a career spanning nearly two decades. His professional journey has seen him assume vital roles in various government and private organizations such as the Department of the Interior and Local Government (DILG), the National Economic and Development Authority (NEDA), Megaworld Corporation, and the China Banking Corporation in the Republic of the Philippines.
In addition to his civic and corporate pursuits, his forward-thinking approach has led him to manage several prominent websites in the banking and finance sector, notably the Australia-based RateChoice, where he immersed himself in the world of emerging financial technologies and where he found particular interest in Bitcoin all the way back to 2013.
Prior to his addition to Blockzeit’s dynamic team, he held an essential role as Project Manager for initiatives encompassing blockchain, stablecoin, mining, special economic zone development, and iGaming. This noteworthy chapter in his career unfolded under the auspices of InPlan Consultancy Services, Inc., the think-tank of IMPERO Consortium Management Corporation headquartered in Manila, Philippines, and Tokyo, Japan. InPlan, led by a distinguished retired Cabinet member of the Philippines, collaborates directly with IMPERO’s core management team, contributing to strategic planning and business development endeavors.
