Are the whales getting beaten? - page 2.

CoinCidental

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Quote from: Honeypot on October 22, 2014, 03:42:57 AM

It seems that way - the old money is afraid their promised millions might never materialize, and is willing to sell for 7 million money now instead of waiting for 70 or 100 down the road.

If you mean the early adoptors by "old money" then I think they had plenty of chances to dump and walk away with enough to retire on

Anyone who's been here for that long knows there will be ups and downs and is unlikely, Imo to sell in a panic at 300usd

Anyone sitting on tens of thousands of Coins from the early days has no reason to suddenly dump at the drop of a bit of bad news

Maybe it's retailers cashing out to pay suppliers or something similar as they may be afraid of being ruined by a potential loss of fiat

porcupine87

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hm

Quote from: Unbelive on October 22, 2014, 07:17:38 AM

Quote from: porcupine87 on October 22, 2014, 04:22:32 AM

...

To reduce risk just dont sell all. Sell a bit. When price raises more sell more. Wehn price fall buy a bit. when price fall more, buy even more. Grin

Maybe he just sold a bit. The thing is that many people here scream for manipulation because they have the illusion that Bitcoin will be worth more and more. But it isn't a sure thing. I read this all the time here. In May the price rose from $450 to about $600. Then people just said "You fool. You sold at $450. How stupid are you." Let the price fall to $100 and then ask again how stupid one could be to sell at $300...

porcupine87

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hm

Quote from: asdlolciterquit on October 22, 2014, 05:38:33 AM

Quote from: porcupine87 on October 22, 2014, 04:22:32 AM

Quote from: MichaelBliss on October 21, 2014, 09:58:29 AM

Miners will always need to sell their coins to pay for expenses, but I'm not sure the "whales" that have been dumping their coins at below market rates could possibly be miners, because that's such a dumb move.

I haven't followed it that closely, but to me it appeared that the big dumps, especially the one at $300 recently, were efforts to manipulate the market (down) at a loss to whoever did it. Akin to what happened with Gold / GLD a while back where someone apparently took a huge loss just to dump a lot of Gold at below market rates, driving the price way down.

Imagine, that you had 30 000 bitcoins bought for 10$ each(or for less). After the high last year the price is falling all the time and in 4. of October it reaches a new low in this year. Now, if you sell at 300$ you have a 3000%. You get 5Mio. dollars after taxes for sure. You can park that money on a bank and get 50 000$ interest on it or more. For the rest of your life. Or you buy stocks, real estate, gold etc. and get a profit out of it, that guarantees you a good income for your life time.

So. There is a chance that the Bitcoin price will be at sub 10 dollar in a year. Maybe it will go to zero in a few year.

Would you sell or risk it?

0? 10 dollars? if 1 btc= 300$ you're right, but with a price <10$, what you say can't be right.

I mean someone bought (or mined) 30 000 coins in the single digit range and if he sells at $300 he would make a lot of profit which noone can talk away from him. If he just holds 100% of his wealth in Bitcoin, he might lose all.

Unbelive

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Quote from: porcupine87 on October 22, 2014, 04:22:32 AM

Quote from: MichaelBliss on October 21, 2014, 09:58:29 AM

Miners will always need to sell their coins to pay for expenses, but I'm not sure the "whales" that have been dumping their coins at below market rates could possibly be miners, because that's such a dumb move.

I haven't followed it that closely, but to me it appeared that the big dumps, especially the one at $300 recently, were efforts to manipulate the market (down) at a loss to whoever did it. Akin to what happened with Gold / GLD a while back where someone apparently took a huge loss just to dump a lot of Gold at below market rates, driving the price way down.

Imagine, that you had 30 000 bitcoins bought for 10$ each(or for less). After the high last year the price is falling all the time and in 4. of October it reaches a new low in this year. Now, if you sell at 300$ you have a 3000%. You get 5Mio. dollars after taxes for sure. You can park that money on a bank and get 50 000$ interest on it or more. For the rest of your life. Or you buy stocks, real estate, gold etc. and get a profit out of it, that guarantees you a good income for your life time.

So. There is a chance that the Bitcoin price will be at sub 10 dollar in a year. Maybe it will go to zero in a few year.

Would you sell or risk it?

To reduce risk just dont sell all. Sell a bit. When price raises more sell more. Wehn price fall buy a bit. when price fall more, buy even more. Grin

resya

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whales wouldn't waste there time for small movements when they can make large profits off large moments

asdlolciterquit

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Quote from: porcupine87 on October 22, 2014, 04:22:32 AM

Quote from: MichaelBliss on October 21, 2014, 09:58:29 AM

Miners will always need to sell their coins to pay for expenses, but I'm not sure the "whales" that have been dumping their coins at below market rates could possibly be miners, because that's such a dumb move.

I haven't followed it that closely, but to me it appeared that the big dumps, especially the one at $300 recently, were efforts to manipulate the market (down) at a loss to whoever did it. Akin to what happened with Gold / GLD a while back where someone apparently took a huge loss just to dump a lot of Gold at below market rates, driving the price way down.

Imagine, that you had 30 000 bitcoins bought for 10$ each(or for less). After the high last year the price is falling all the time and in 4. of October it reaches a new low in this year. Now, if you sell at 300$ you have a 3000%. You get 5Mio. dollars after taxes for sure. You can park that money on a bank and get 50 000$ interest on it or more. For the rest of your life. Or you buy stocks, real estate, gold etc. and get a profit out of it, that guarantees you a good income for your life time.

So. There is a chance that the Bitcoin price will be at sub 10 dollar in a year. Maybe it will go to zero in a few year.

Would you sell or risk it?

0? 10 dollars? if 1 btc= 300$ you're right, but with a price <10$, what you say can't be right.

porcupine87

hero member

Activity: 546

Merit: 500

hm

Quote from: MichaelBliss on October 21, 2014, 09:58:29 AM

Miners will always need to sell their coins to pay for expenses, but I'm not sure the "whales" that have been dumping their coins at below market rates could possibly be miners, because that's such a dumb move.

I haven't followed it that closely, but to me it appeared that the big dumps, especially the one at $300 recently, were efforts to manipulate the market (down) at a loss to whoever did it. Akin to what happened with Gold / GLD a while back where someone apparently took a huge loss just to dump a lot of Gold at below market rates, driving the price way down.

Imagine, that you had 30 000 bitcoins bought for 10$ each(or for less). After the high last year the price is falling all the time and in 4. of October it reaches a new low in this year. Now, if you sell at 300$ you have a 3000%. You get 5Mio. dollars after taxes for sure. You can park that money on a bank and get 50 000$ interest on it or more. For the rest of your life. Or you buy stocks, real estate, gold etc. and get a profit out of it, that guarantees you a good income for your life time.

So. There is a chance that the Bitcoin price will be at sub 10 dollar in a year. Maybe it will go to zero in a few year.

Would you sell or risk it?

Honeypot

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It seems that way - the old money is afraid their promised millions might never materialize, and is willing to sell for 7 million money now instead of waiting for 70 or 100 down the road.

Brmaster

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just because the price is too low to meet the whale's appetite Embarrassed

asdlolciterquit

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Quote from: SquallLeonhart on October 22, 2014, 02:19:47 AM

Was actually hopping the difficulty would go so fast that even giant farm isn't profitable. Then we would see them close down one by one..

but if one by one they stop mining diff will go down, and then it will profitable again and all begin one more time..

SquallLeonhart

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Was actually hopping the difficulty would go so fast that even giant farm isn't profitable. Then we would see them close down one by one..

unrealistic

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They are really dump to drop off so much coins all the time, they must sell them by very small fractions, so that it won't affect market much.

azguard

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Quote from: fewcoins on October 21, 2014, 10:50:40 AM

Quote from: Gargulan on October 21, 2014, 09:41:57 AM

Whales == mining farm.

Until they go away or gone bust, there will be huge dump every day/week.

Correct!

True indeed, just they sell half of mined coin and half they keep.
For what that is opinion maybe to invest maybe to hold for better price.

fewcoins

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Quote from: Gargulan on October 21, 2014, 09:41:57 AM

Whales == mining farm.

Until they go away or gone bust, there will be huge dump every day/week.

Correct!

MichaelBliss

hero member

Activity: 526

Merit: 500

Miners will always need to sell their coins to pay for expenses, but I'm not sure the "whales" that have been dumping their coins at below market rates could possibly be miners, because that's such a dumb move.

I haven't followed it that closely, but to me it appeared that the big dumps, especially the one at $300 recently, were efforts to manipulate the market (down) at a loss to whoever did it. Akin to what happened with Gold / GLD a while back where someone apparently took a huge loss just to dump a lot of Gold at below market rates, driving the price way down.

fewcoins

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Quote from: gentlemand on October 21, 2014, 09:44:06 AM

Quote from: Gargulan on October 21, 2014, 09:41:57 AM

Whales == mining farm.

Until they go away or gone bust, there will be huge dump every day/week.

If you're organised enough to have a giant mining farm, you'll also have an ongoing off market deal to sell your coins.

I wouldn't want my organisation and investment hinging on a few shaky exchanges.

The thing is when they're no real world buyers but plenty of people online that already have cash in the system ready to buy... Sometimes you need to do what you need to do!

gentlemand

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Welt Am Draht

Quote from: Gargulan on October 21, 2014, 09:41:57 AM

Whales == mining farm.

Until they go away or gone bust, there will be huge dump every day/week.

If you're organised enough to have a giant mining farm, you'll also have an ongoing off market deal to sell your coins.

I wouldn't want my organisation and investment hinging on a few shaky exchanges.

Gargulan

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Whales == mining farm.

Until they go away or gone bust, there will be huge dump every day/week.

Dissonance

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most whales are not dumb enough to dump 20k coins on an exchange at one time.

cafucafucafu

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It seems like there are either fewer dumping whales right now or that they are not able to manipulate the market like they used to. Which is it?

It is that the weak hands have all gone and the whales cant start a sell off because there are few willing to sell?

Topic: Are the whales getting beaten? - page 2. (Read 4143 times)