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Topic: Bitcoin holding will be worth this year or in the long run? - page 6. (Read 890 times)

newbie
Activity: 2
Merit: 0
Just a funny comment while we are talking about HODL - - - there is even a HODL app by now  Grin https://coincash.eu/blog/hodl-app-everyday-companion-in-the-crypto-world
hero member
Activity: 1274
Merit: 519
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If you have bought your bitcoin when the price was around 3000 to 4000$ it already is worth it. The price had doubled compared the last bear market, but still it is the best time to buy if you are intending to hold till the next bull market.
legendary
Activity: 3234
Merit: 5637
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What is your thought if the 10 billion worth of bitcoin will move?

Bitcoin is always worth, it just depends on if someone is short or long-term holder - and this year is certainly profitable for all who have to buy in range from $3k or $5k. No one can say for sure what will happen in two months or two years, there are speculations, but that does not mean that they should be blindly adhered to. The golden rule is that you never invest more than what you can afford to lose.

Regarding exchanges and the potential impact on the price, they can have an effect on the price, but not in a way you are thinking. A scenario in which all major exchanges agree to move $10 billion worth of coins is not realistic, this is not they money, it belongs to clients. What can affect the price is a possible hack of some big exchange, but I think most of them keep most funds in cold wallets.
hero member
Activity: 2828
Merit: 518
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I could believe it was worthy since before, today and by tomorrow. We could have something to put our trust and stop thinking about the way it was to stop. Bitcoin is worthy among the other coins in the market and nothing has to put doubts on these cause we know its capability even before.

We've been struggling crisis several times but we never-give-up instead, we become more positive just the way it looks. And even I don't see any bullish season but it keeps me believe.
legendary
Activity: 1134
Merit: 1599
We really need more and more micro holders to come in and buy BTC, but because of the Bitcoin futures market, whales with a lot of USDT can also move the market by placing futures contracts without having to evne purchase one BITCOIN and can crash or moon the price accordingly. On the other hand, the more people come to buy and hold Bitcoin as part of their pension fund or wealth creation fund, then it might slowly go up again over time and grow in real value also.

Although I'm kind of a holder too, this affects the market prices negatively actually. Holding might shrink the amount of BTC in circulation and make it look like everybody's holding, but isn't the circulating BTC graph the same one that is used to show how much BTC is used compared to months/years ago?

We don't need holders and/or investors, we just need true believers. There's no point in having people hold their money in BTC if their only purpose is having a profit. Profit -> sell -> price shrinks.

This isn't a profit game but our maybe ONLY chance of actually getting rid of the banking system which basically turns you into a slave as soon as you decide to work with them.
hero member
Activity: 1036
Merit: 504
We really need more and more micro holders to come in and buy BTC, but because of the Bitcoin futures market, whales with a lot of USDT can also move the market by placing futures contracts without having to evne purchase one BITCOIN and can crash or moon the price accordingly. On the other hand, the more people come to buy and hold Bitcoin as part of their pension fund or wealth creation fund, then it might slowly go up again over time and grow in real value also.
sr. member
Activity: 1162
Merit: 251
I found this article on cointelegraph :https://cointelegraph.com/news/nearly-10-billion-in-btc-is-held-in-wallets-of-8-crypto-exchanges. I wonder  if they had the control over the price, they can make a bearish run or even they can wake the bull up? Well for sure there is only one thing to expect it is having a good price in the future. What is your thought if the 10 billion worth of bitcoin will move?
I totally agree with the words "exchanger is the biggest holder" and Twitter analyst crypto. When halving later the possibility of bitcoin value will rise, at this time the dominance of bitcoin in the market is very large compared to altcoin. FUDs that might come out later can be very difficult for the market, and if the value of BTC is as high as 10 billion how the transaction will be, many people will complain about transaction fees.
Does exchange only provide a place for trading? I don't know if they also held a lot of bitcoin in their wallet. if they have that much bitcoin, of course exchange sites can make a big impact on the market. they can wake up bullish even bearish. of course what we expect the most is the high price in the future. but if the 10 billion moves will certainly have a big impact on the market, depends on what they want.
sr. member
Activity: 1274
Merit: 278
I'm hearing a rumor that bitcoin could go bullish this month, there is only one way to find that out, and that is to hold our bitcoins and hold our temptations to sell in this bearish market that is rampaging in the cryptocurrency market since February 2018. The only thing I know is that bitcoin always make an epic comeback, it is more like bitcoin is just teasing us and then will just go to the moon in an instant.

Would love to hear that. Price seemed to be stuck around 8k+ and now it is 8.5k by the time I write this. Though these kind of "stuck" moments tend to scare me a lot due to the past events that happened to Bitcoin where it badly went down to 5k (or 4k?)  after getting stuck to 7k for so long. Although that isn't an indicator that it will go bearish, it is still kinda fresh from my mind that there's a little possibility that it might happen.

I think bitcoin investment will be worthier than holding. We should consider few scenarios, especially those that has a capability to influence the market price of bitcoin. And that will be considered as factors that affects the market accumulation, volume, and price. Simply, market adoption. The big news from China is enough to say that we are now facing a huge horizon of uptrend market in a few weeks.
legendary
Activity: 1526
Merit: 1179
manipulations is easy for big bag holders creating artificial market movements and shake the market is where this whales are good with.
Crypto is an illiquid market, so any trader with millions $$$ in coins or fiat will be able to drive the price up or down by 5-10% when executing a market order---this can be a totally legit order without the intention to manipulation prices.

People keep referring to manipulation when they see the price go down, but where are the same people when the price goes up? For real, how hypocritical can you be to only call manipulation when the market turns against you?

Even certain low cap stocks are experiencing 10-20% dumps occasionally, and that within a firmly regulated environment. It happens because of slippage---lack of liquidity not allowing people either to enter or exit in large quantities without losing value.
legendary
Activity: 3416
Merit: 1225
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I found this article on cointelegraph :https://cointelegraph.com/news/nearly-10-billion-in-btc-is-held-in-wallets-of-8-crypto-exchanges. I wonder  if they had the control over the price, they can make a bearish run or even they can wake the bull up? Well for sure there is only one thing to expect it is having a good price in the future. What is your thought if the 10 billion worth of bitcoin will move?

7% can still make a pump but not a long bull run and I don't think these 8 exchanges will connive just to pump Bitcoin, they are on competition between each other, and besides, we don't have an organization of exchanges yet, or I don't know if we have one and they are just hiding it to us, but they should not connive to pump the market.
legendary
Activity: 2996
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
I found this article on cointelegraph :https://cointelegraph.com/news/nearly-10-billion-in-btc-is-held-in-wallets-of-8-crypto-exchanges. I wonder  if they had the control over the price, they can make a bearish run or even they can wake the bull up? Well for sure there is only one thing to expect it is having a good price in the future. What is your thought if the 10 billion worth of bitcoin will move?
^ Time will come they(whales)will get tired of doing controlling the market price. Let's just hope that it will happen though.
Anytime it will remove to another wallet but at least we are already warned on that. Yes, bitcoin is good for investing in the long run. Time to time there is a massive accumulating in Bitcoin and the demand will increase and the supply decreased. In that case, Bitcoin becomes expensive. Nevertheless, as of now, we have nothing to do is just ride the whale's plan.
We don't have any other option but to make sure that our eyes is widely open so we can ride with how big whales moves around the market. It can be a big loses to our investment once we missed the ride, manipulations is easy for big bag holders creating artificial market movements and shake the market is where this whales are good with. Avoid rushing your decision making and always think twice while analyzing if how the market is moving it will help you to anticipate the possible outcome.
hero member
Activity: 2114
Merit: 619
I found this article on cointelegraph :https://cointelegraph.com/news/nearly-10-billion-in-btc-is-held-in-wallets-of-8-crypto-exchanges. I wonder  if they had the control over the price, they can make a bearish run or even they can wake the bull up? Well for sure there is only one thing to expect it is having a good price in the future. What is your thought if the 10 billion worth of bitcoin will move?
Actually thinking about decentralization of Bitcoin from Governments I think what we may have forgotten is that Exchanges too can become pretty powerful if they are starting to hold such a great amount of holding in bitcoin. 10 Billion in BTC is already a great amount which is bound to increase as the price gets more. Moreover if wee see there are just handful of major exchanges which control the whole market. If they try to form cartels of something of that sort this could raise a big series of problems for all of us. I think being controlled by governments is better than being controlled by such exchanges.
sr. member
Activity: 1274
Merit: 252
I found this article on cointelegraph :https://cointelegraph.com/news/nearly-10-billion-in-btc-is-held-in-wallets-of-8-crypto-exchanges. I wonder  if they had the control over the price, they can make a bearish run or even they can wake the bull up? Well for sure there is only one thing to expect it is having a good price in the future. What is your thought if the 10 billion worth of bitcoin will move?
I totally agree with the words "exchanger is the biggest holder" and Twitter analyst crypto. When halving later the possibility of bitcoin value will rise, at this time the dominance of bitcoin in the market is very large compared to altcoin. FUDs that might come out later can be very difficult for the market, and if the value of BTC is as high as 10 billion how the transaction will be, many people will complain about transaction fees.
legendary
Activity: 2324
Merit: 1035
Not your Keys, Not your Bitcoins
Well.. the bitcoin in the exchange wallets are still theoretically users' money so they should be able to move them around. In my view it is a great time to HODL bitcoin as it is looking good on the longer timeframes. If you know a little bit of technical analysis it is obvious that the price action is above all moving averages which is a very bullish thing. On the fundamental part the halving is coming in May 2020 and the infrastructure of Bitcoin continues to be built, best example is Bakkt and CMEs. The Bitwise ETF got rejected, but that's no big thing. We don't need ETFs to moon  Wink
hero member
Activity: 2590
Merit: 644
I found this article on cointelegraph :https://cointelegraph.com/news/nearly-10-billion-in-btc-is-held-in-wallets-of-8-crypto-exchanges. I wonder  if they had the control over the price, they can make a bearish run or even they can wake the bull up? Well for sure there is only one thing to expect it is having a good price in the future. What is your thought if the 10 billion worth of bitcoin will move?
^ Time will come they(whales)will get tired of doing controlling the market price. Let's just hope that it will happen though.
Anytime it will remove to another wallet but at least we are already warned on that. Yes, bitcoin is good for investing in the long run. Time to time there is a massive accumulating in Bitcoin and the demand will increase and the supply decreased. In that case, Bitcoin becomes expensive. Nevertheless, as of now, we have nothing to do is just ride the whale's plan.
hero member
Activity: 1330
Merit: 569
I found this article on cointelegraph :https://cointelegraph.com/news/nearly-10-billion-in-btc-is-held-in-wallets-of-8-crypto-exchanges. I wonder  if they had the control over the price, they can make a bearish run or even they can wake the bull up? Well for sure there is only one thing to expect it is having a good price in the future. What is your thought if the 10 billion worth of bitcoin will move?

The 10 billion coin worth can move from one bitcoin wallet to another and there won't be any effect to the market but the panic that would be created by the ''wallet watchers'' are those that would create more problem than the initial movement. I don't think 10 billion can even move at once really however, should it happen, was it as a result of dumping or as a result of ensuring more safety to funds? Another factor to consider is the ownership of the coins, as much as it can be concentrated in few individuals controls, it might also be spread as much as possible which makes control of a direction difficult.

Whether bitcoin holding would be worth it eventually would depend on the timing one decides to cash out because to people who bought in 2016 deciding to cash out would definitely worth it for them compared to the individual who bought in 2017 when there was an all time high. The problem is knowing the when which is what makes the whole exercise an interesting endeavor.
legendary
Activity: 2996
Merit: 1006
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I understand your thought that basically you were fear about it and the exchange have a power to manipulated the market if they want because they hold bitcoin worth $10 billion but luckly they didn't it or at least not yet and they hold it probably for exchange purpose or waiting till the price better than now and imagine if they sold it i think there will be massive dump
sr. member
Activity: 910
Merit: 254
I found this article on cointelegraph :https://cointelegraph.com/news/nearly-10-billion-in-btc-is-held-in-wallets-of-8-crypto-exchanges. I wonder  if they had the control over the price, they can make a bearish run or even they can wake the bull up? Well for sure there is only one thing to expect it is having a good price in the future. What is your thought if the 10 billion worth of bitcoin will move?
From the last year btitcoin is struggling to rise but we have not seen a major pump in the prices or say that bull run has not hit the market since then properly but only some price manipulations by the Whales.So we need to hodl btc for the long run if we want to see good returns on our holdings because the prices don't seems to rise by this year. The price is floating between $7-$8k from past few months.So just hodl.
hero member
Activity: 2814
Merit: 911
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What is your thought if the 10 billion worth of bitcoin will move?
If any of the exchanges who are holding majority of the funds wants to manipulate the price they can really do that, we have seen market going down if a huge amount of coins are moved from dormant wallets and if an exchange with huge amount of coins think about moving the coins just make a fuzz on the market they can very well do that. When it comes to investment in bitcoin or any financial investment always go for the long term and make sure you evaluate the market regularly.
sr. member
Activity: 756
Merit: 251
I found this article on cointelegraph :https://cointelegraph.com/news/nearly-10-billion-in-btc-is-held-in-wallets-of-8-crypto-exchanges. I wonder  if they had the control over the price, they can make a bearish run or even they can wake the bull up? Well for sure there is only one thing to expect it is having a good price in the future. What is your thought if the 10 billion worth of bitcoin will move?

With 10 billion, they have the power to move the prices down. Leaving these billions worth of Bitcoin in their wallets however will not change the prices. HODLing does not increase the price either. But at least it will not contribute to the selling or dumping. It still has a factor somehow to keep the prices running smooth.

In the long run, as has been shown in the historical chart of Bitcoin, the price will be moving up. That is always the bigger picture. There are countless of price drops if you zoom out though.
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