Topic: 20000 pieces of Bitcoin wreck the market sounds annoying - page 2. (Read 364 times)
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.
The entire holding was sold within a short space of time. It added pressure to the market and the entire market felt the impact. No matter how strong the coin might be, if there is selling pressure by one of a group of people, it should be expected.
Normally, such a number should be something small and should not have any negative impact, but the owner wanted to cash out. So, he sold at just any price. He does not even care if the price drops. He is okay, inasmuch as he is able to cash out.
Normally, such a number should be something small and should not have any negative impact, but the owner wanted to cash out. So, he sold at just any price. He does not even care if the price drops. He is okay, inasmuch as he is able to cash out.
It would depend on the situation if the whale happens to sell it while the market is crashing then the market would surely take a huge dip.
But if it happens while the market is being pump then I think the price increase would just slow down.
And we shouldn't really be worried about it I am sure that there would be some whales who would buy it out.
But if it happens while the market is being pump then I think the price increase would just slow down.
And we shouldn't really be worried about it I am sure that there would be some whales who would buy it out.
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
The recent $12k selling of bitcoin is huge enough to affect the market. But it doesnt mean the price wont recover anymore because many investors are also waiting for the right timing to buy btc so expect the price to bounce back in few days or more. Dont be too worried if whales sell off their btc, the price might turn to dip but remember that btc has a history of plunged but recover in time.true mate . this phenomenon isnt new . we have seen badass news like this before like big exchanges get hacked and hackers sold tons of coins and yeah it did affect the market somehow but few more days later the market goes back to normal again although the trauma could remain to the investors that lost thier coins on the exchange .
this news currently we have now does not sounds annoying to me at all but i feel like pissed off because im about to sell my btc these days .whenever i sell there is always a bad news that occur .
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
The recent $12k selling of bitcoin is huge enough to affect the market. But it doesnt mean the price wont recover anymore because many investors are also waiting for the right timing to buy btc so expect the price to bounce back in few days or more. Dont be too worried if whales sell off their btc, the price might turn to dip but remember that btc has a history of plunged but recover in time.
Sounds like it's all on the whales hands now for market to recover, if whales aren't buying back now the price won't bring huge changes, but since having is coming very soon I expect whales to do a big buy back soon
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 don't know what damage it has brought when the market will eventually recover, as long as the causes are just dumping and the chain and the technology is still secure and intact it will still recover, Bitcoin and blockchain technology is still strong no harm done, the market will still recover the demand will still go up and we just need to trust this technology.
The bad one is when those other investors follow through with this dumping. Aside from the plustoken dump, xrp also has taken their move for a 25million tokens which also will affect the market. Corona virus distracting everyone so anyone would likely to have some sort of panic selling. I think the bearish market would be seen for a long time before we can recover. Only thing we must do must endure all this tragic events that are spreading. Hold your coin and stay out of news cause you might be tempted to do the same.
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
Bitcoin is not as severe as any other altcoin where you could find 50% or more of the total supply owned by the devs (or investors, whatever). Some calculated the biggest whale in Bitcoin is Satoshi, with about 1 million coins or so, but he disappeared. Maybe these coins would be lost forever.With that in mind, the reason your favorite altcoins are still valuable is because of the whale's mercy.
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
its simple the price will go down if they sell a large portion of his holdings.If you are asking how deep it should be then its depends on the buyorder in that time and how many people will believe that the sell off is just temporary and they will set a buy orders.
Yes, the price will go down for a while, the market will adjust because the economic law will run if the excess supply then the price will go down. But after the market can adjust, the price will be stable, no need to worry because the maximum number of only 21 million in circulation is currently only 18,264,475 Bitcoin
In my opinion it seems like a strategy to panic sell and at that time many people buy when the price of bitcoin goes down to get a bigger profit when the price of bitcoin goes back up.
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's not caused by the whale but it looks like the scammer that was coming from the plusttoken project is the real dumpers that created a big bearish market. As far as i know, if he was still having a lot of bitcoin remaining on the wallet that will be dumping again in the future. As long as the liquidity will be very strong enough to eat all of the bitcoin that will be dumped and the market will be fine. This will be going back again to the how good the condition of liquidit in the bitcoin market.
It also must have had a big effect on selling 12k BTC simultaneously but I don't think it will go deeper for sure prices of bitcoin will rise according to many of its requests.
The pope always dominates bitcoin because it holds so much whereas they will not sell just like that in large numbers. The pope always thinks of his own risk if what will happen to bitcoin in the sale of all 100k btc at a time, will definitely have an adverse effect.
The pope always dominates bitcoin because it holds so much whereas they will not sell just like that in large numbers. The pope always thinks of his own risk if what will happen to bitcoin in the sale of all 100k btc at a time, will definitely have an adverse effect.
The timing couldn't be much worse. They were disposed at the time of COVID-19 pandemic. We can assume that many bitcoin traders have converted to fiat also to join others in panic buying. If the 12,000 Btc were sold at a regular and normal day, the effect on the market wouldn't be as bad as it is today.
The current total circulation of Bitcoin is 18.2 million and most of them are held on hard wallets and most of them locked in one way or other. As an example Binance has locked 9001 BTC for issuing BEP2 Bitcoin. And that 12000 is about 0.065% of total circulating supply considering 18.2 million and could be larger if you consider the real circulation for trading.
Honestly I'm shocked as well that small pieces of Bitcoin can actually drive down it's price like that and I expect many to buy the orders in instant, anyways let's just wait it out, moreover it's all about waiting game in crypto space, Bitcoin will recover
that would make chaos in every market, on stock market those quantities are sold OTC, not with an offer on the exchange, since the demand is always lower than that at one particular moment, because if you put that quantity in order to buy, price will certainly go up, it is a principle of supply and demand
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
True, this could be disastrous for the value of bitcoin if someone releases 12000 units of bitcoin, and this looks like an assumption of mind, if I may know where did you get this news from? because things like this will certainly surprise everyone in cryptocurrency. 
Then it will be more than the effect that we have experienced from the sold 12k BTC. It is a lot more so the expected damage will be higher compare to what we've seen.
But, do you think that there will be a complete sell off with that huge amount? unless a whale decided to have his own exit out of this market. And I cannot see that from this moment because we're all optimistic about bitcoin's usecase.
But, do you think that there will be a complete sell off with that huge amount? unless a whale decided to have his own exit out of this market. And I cannot see that from this moment because we're all optimistic about bitcoin's usecase.
if this happens we will see a very red market. most likely, after such a sale, an even stronger bear market may occur than we saw in the last two years. people are already very tired of this and if this happens again it is possible that the market will be no longer interesting for people and traders
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 don't know where you get 12,000BTC is enough to bring down the prices completely.It may create impact on the prices but definitely not going to last long because one who wants to bring down the prices need to sell hit bitcoin for extremely low prices so he is the one going to be in loss first and if a whale is doing this means he will buy back those bitcoins cheaper than the price what he sold and again the price will increase.Nothing to worry its just normal scenario of crypto market.
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