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.
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.
No one is restricting anyone from selling their bitcoin and for any amount. If the price goes down, it's an avenue for the late comers to bitcoin to quickly buy. But t some persons won't see wisdom to buy bitcoin now until it hits $20k again and they will FOMO into the market.
Don't see it as 12000 BTC only. See the fiat value of 12000 BTC, it is $100m and that's not a small amount of money. Calculate it against the total marketcap of Bitcoin. Right now, 100k BTC can destroy the market, that is true but that bearish moment will not last longer. If the current price dump is from the 12000 BTC dump, this will also not last longer and soon will recover.
Is it not about if there are buyers who are already waiting to buy the coin? It's Bitcoin we are talking about here, it has the biggest volume and highest liquidity, anyways I expect recovery very soon because buyers should be able to take advantage of the price loss already legendary
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Don't see it as 12000 BTC only. See the fiat value of 12000 BTC, it is $100m and that's not a small amount of money. Calculate it against the total marketcap of Bitcoin. Right now, 100k BTC can destroy the market, that is true but that bearish moment will not last longer. If the current price dump is from the 12000 BTC dump, this will also not last longer and soon will recover.
It would take more than 12k of BTC to bring the price this low but because the news about corona virus and the market blownout like its overbought, the dump is inevitable and that its almost like a plan to pull the price down. When this is actually just a normal market reaction. Right now the market is almost is oversold but it would be better to finally drop the price to 7300 for good and that we can pump again.
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 that will be done, but whales will buy it, if whales dump then it's whales and those who wants to be whales will buy all these dumps, Bitcoin is a long term profitability a short term dump will have no long term effect, so just buy while they dump and make a profit in the future.
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
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.
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
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