Topic: 20000 pieces of Bitcoin wreck the market sounds annoying (Read 386 times)
The present market worth is hopefully better than previous, The investors are stable position now, So don't try to do violence.
12K is not really all that bad for us, it can drop the price when sold all of a sudden but as you can see we are already back. Plus there are not that many people who have too much money to sell, and barely anyone would sell it all at once just to make a profit, the price would drop a lot and they wouldn't be able to get it all. Instead of that they would probably prefer to sell like 500 to 1k a day for 12 days instead, or simply just do it with 100 coins a day for 120 days, even that is better if you are an investor and want the most out of it.
So, 12k wasn't really some whale, it was market crashing and obviously that sometimes happens, we had a 34k sold all at once before and it does hurt the economy but we recover, so no worries there, it even allows you to buy cheaper.
So, 12k wasn't really some whale, it was market crashing and obviously that sometimes happens, we had a 34k sold all at once before and it does hurt the economy but we recover, so no worries there, it even allows you to buy cheaper.
the price does not mean it will not rise again, just need a little patience after the pope sells all the bitcoin they have, the market will recover
whole investment thing is about a little patience (and crypto is the same).some news sounds irritating so people decide to leave some coin with losses or little profit taken.
some people just believe in project and won't leave it until it 'll show the results
prices will fall because they are sold in large quantities, and when that happens, all analyzes will not be accurate and will deviate.
in fact, it provides advantages and disadvantages, depending on how everyone responds to current market conditions.
There has been always some confusion about the understanding of how market deciding the value of a commodity; even supply and demand are playing big role in deciding price level of a commodity, the circulating supply (so far mined bitcoins for the case of what we discussing here) is the actual thing we need to consider because total supply is just the number as it is practically not possible to how all the supply to be available for trading against the demand.in fact, it provides advantages and disadvantages, depending on how everyone responds to current market conditions.
So, coinmarketcap and total supply are just number which has nothing to do with current price level for bitcoins. If a whale will be deciding to bump all their stash then bitcoin market will definitely face a huge downfall of price levels. This applies for all trade-able things not just limited to bitcoins.
The few years I have been in touch with the value of Bitcoin, I know that the market is moved by the forces of demand and supply. This explains why cryptocurrency is said to be highly volatile. Dumping thousands of bitcoin is certainly going to affect the value, but that would be short lived.
prices will fall because they are sold in large quantities, and when that happens, all analyzes will not be accurate and will deviate.
in fact, it provides advantages and disadvantages, depending on how everyone responds to current market conditions.
in fact, it provides advantages and disadvantages, depending on how everyone responds to current market conditions.
the price does not mean it will not rise again, just need a little patience after the pope sells all the bitcoin they have, the market will recover
indeed there is still a possibility to recover prices but no one knows when it happened because the actual price of cryptocurrency is difficult to predict, therefore when you want to start trading then you should be able to use money that might not be too important so when stuck at high prices then can implement long-term trading with the note only buy coins that have a good reputation.
the price does not mean it will not rise again, just need a little patience after the pope sells all the bitcoin they have, the market will recover
indeed there is still a possibility to recover prices but no one knows when it happened because the actual price of cryptocurrency is difficult to predict, therefore when you want to start trading then you should be able to use money that might not be too important so when stuck at high prices then can implement long-term trading with the note only buy coins that have a good reputation. 
the price does not mean it will not rise again, just need a little patience after the pope sells all the bitcoin they have, the market will recover
To Be honest, Here the take a effect if selling commitment still as present, Because it should not be right decision for releasing the large amount 100k. Many more investors are not in a suitable stage now. so 12000 figure is more dangerous like lion.
It does not matter. If a whale sells off a huge amount of bitcoin, of course, the price will drop but that won't be permanent because the price will recover as others keep buying at a reduced price. The truth is that you cannot compare the rate at which people buy bitcoin when it is dumped to other altcoin. This is because people know the price will recover compared to some altcoin that might not.
It sounds very bad to hear that 12000 pieces of Bitcoin can wreak havoc of Bitcoin value, I wonder what will happen if a whale decide to sell 100k of Bitcoin someday, Bitcoin max supply is 21million right? If 12000 can bring this damage then Bitcoin is just like every other coins
It can wreck when no one is buying, there is fear in the market and the greed level is low. People are liable to buy more when the price is going up than when it is going down, which is the deficiency of market that long term traders exploit. I am sure when we break the ATH, we would see another side of the market, the all time high will be followed with a leg down but never with the same sentiment. You can sell all you can then even at that price 
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Its true, Covid was feared because it could cause death but dont let this fear and panic be exploited by others and finally we decide to sell it at a lower price and make us lose.Believe that every time the price of bitcoin is dump, the trend will change quickly because this situation is where many people benefit if they manage to buy at a low price. I noticed when the price of bitcoin dump a big decline some time ago and it is true that prices will start to improve in a few moments later.
I agree with this; the large amount dumped was probably a reaction to global markets as a whole in response to COVID-19. Fear's still present almost everywhere at the moment in crypto and traditional markets, even in those who weren't affected by blatant FUD from others. FUD's not the only part of crypto, but volatility as well; we've seen plenty of insane fluctuations in price since Bitcoin's inception, and that'll likely continue.
It's human to fear something like CoVid it is now a pandemic and people always look for security and this is the reason for the sell, the market has always been volatile and sometimes it was blown in big proportion, but we all know the market will always come back stronger like before, like what's happening now, the market is now moving positively it is a good sign.
It sounds very bad to hear that 12000 pieces of Bitcoin can wreak havoc of Bitcoin value, I wonder what will happen if a whale decide to sell 100k of Bitcoin someday, Bitcoin max supply is 21million right? If 12000 can bring this damage then Bitcoin is just like every other coins
It doesn't work that way. You should understand that those 12k BTC were sold in the open market in quick succession. Since the market is driven by the demand and solid available at any time, then it's safe to say that the buy orders at that time didn't match that of the bear traders hence the dump. Also, when there's a panic like that, Its usually followed by the flash dump – That's kinda like a falling knife. Let's not forget that other financial markets took severe hits too.
I think the huge pieces of bitcoin dumped was not actually the dumping factor, i feel like it aided the fuds spreading at that time regarding the present pandemic that we are in.
So once the bitcoin was dumped, the news tagged it as a way to get fiats to get accessories for protection against the pandemic, then fudders joined suite and dumped along, until it reached a limit.
Its normal in crypto currency, and fudding is part of the game, thats why as an hodler or investor, you must always do your own research and follow the news.
I agree with this; the large amount dumped was probably a reaction to global markets as a whole in response to COVID-19. Fear's still present almost everywhere at the moment in crypto and traditional markets, even in those who weren't affected by blatant FUD from others. FUD's not the only part of crypto, but volatility as well; we've seen plenty of insane fluctuations in price since Bitcoin's inception, and that'll likely continue.
It sounds very bad to hear that 12000 pieces of Bitcoin can wreak havoc of Bitcoin value, I wonder what will happen if a whale decide to sell 100k of Bitcoin someday, Bitcoin max supply is 21million right? If 12000 can bring this damage then Bitcoin is just like every other coins
I think the huge pieces of bitcoin dumped was not actually the dumping factor, i feel like it aided the fuds spreading at that time regarding the present pandemic that we are in.
So once the bitcoin was dumped, the news tagged it as a way to get fiats to get accessories for protection against the pandemic, then fudders joined suite and dumped along, until it reached a limit.
Its normal in crypto currency, and fudding is part of the game, thats why as an hodler or investor, you must always do your own research and follow the news.
This is really bad I choose to be optimistic now that the market is showing good support at the $5000 level Binance CEO shows support by saying that he will not touch or trade his Bitcoin to support the market, people should do the same by not touching their investment, things will get better eventually.
At a time when conditions like this are indeed bitcoin still survive at $ 5,000 but do not know in the next few weeks whether it will still survive or even go down because this pandemic affects the prices of all markets.But here we will not trade in a short time, it is very risky we will see a more advanced movement because we will draw conclusions in this virus outbreak.
I belief it's not just the dump from the scam token but also Coronavirus, I'm pretty sure that the Bitcoin dump by those scammers can't have this big impact on Bitcoin value, Coronavirus is responsible, stock market is down and economy is suffering, there is no way Bitcoin won't be affected
If this happens of course it is very worrying later Bitcoin there is no value anymore, and if anyone does so I am sure that there will also be a collection of bitcoins, and this will damage the market price due to a very Big, so there will be a lot of small investors who feel uncomfortable, we expect this to not happen.
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