Bitcoin holding will be worth this year or in the long run? - page 7.

michellee

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Quote from: Experia on October 09, 2019, 07:36:09 AM

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?

That will be interesting if they can move the price. But I already see in the telegram, someone moves $29,926,581 from unknown wallet to unknown wallet. I don't have any idea if that news is right or not because there are no other sources that telling the same news (or I cannot find the other news). But it is difficult to move all of the exchanges markets and that will need a lot of money to change the price from the high price into the low price or from the low price into the high price.

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Quote from: 7788bitcoin on October 10, 2019, 03:35:14 AM

Quote from: Casdinyard on October 09, 2019, 10:29:55 PM

I came to know some whales didn't use exchange to transact bitcoin hence just use p2p exchange instead. So what if this 10 billion worth of bitcoin is happening now and then but we aren't aware of.

If you are talking about over the counter sales then it will not reflect in the open market. All of the P2P exchanges in the market does trade with USDT and fiat currency rather than having a direct use of bitcoin. Even if there are huge amount of sales in the OTC exchanges there will be a time when there is no bitcoins available and when the supply and demand balances itself then we will see a rally Wink

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Yes, there are many p2p whale transactions that are happening regularly. Some of them are either avoiding the higher fees, KYC, government regulations, tax, security, privacy, etc. These transactions aren't reflected in the open market but it can still affect market prices. These whales are still basing their prices in the open market because some of these whales serve as gateways to exchanges.

7788bitcoin

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Quote from: Casdinyard on October 09, 2019, 10:29:55 PM

I came to know some whales didn't use exchange to transact bitcoin hence just use p2p exchange instead. So what if this 10 billion worth of bitcoin is happening now and then but we aren't aware of.

If you are talking about over the counter sales then it will not reflect in the open market. All of the P2P exchanges in the market does trade with USDT and fiat currency rather than having a direct use of bitcoin. Even if there are huge amount of sales in the OTC exchanges there will be a time when there is no bitcoins available and when the supply and demand balances itself then we will see a rally Wink

.

bitzizzix

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Bitcoin holders are certainly valuable and profitable if they make long-term investments that all depend on the strategy used, and long-term to get huge profits.
and many people predict that bitcoin will reach its highest value in 2020 and for the turn of the year is only a few months away and I hope that this increase can be proven.

dothebeats

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I'd say one should take advantage of the current market conditions right now before the hype for the halving begins early on in 2020. Usually, pre-halving events are not really that good and is characterized by poor performance of bitcoin and other cryptocurrencies. Short-term, no substantial gains can be seen but in the long run it's definitely rewarding and will be worth the wait. One can still try to short the hell out of bitcoins while its performance is lackluster but we all know where that leads most of the time.

beej

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I agree, holding bitcoins at this time of the year would be
advantageous and will be fruitful by the end of the year. I
do hope that things will go well with bitcoins, its been a while
since we’ve experience it well priced. I’m staying positive
with bitcoins, it might be a rewarding year end after all.

d3nz

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Quote from: Experia on October 09, 2019, 07:36:09 AM

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 don't think moving a large amount of bitcoin will affect its value but it can be use to make a huge pump or decrease ita value it really depends.

And holding of bitcoin for a long term is really a good investment since the value will most likely to go up high more. And it also depends if you want to esrn some good profit by just selling and buying of your bitcoins. It's very practical.

Kakmakr

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The fact that there are loads of coins hoarded are not a given that these people would stand together to influence the price. Many wallets are owned by individuals, because people split their hoard into multiple addresses. We cannot deny that there are groups of people out there that might be synchronizing trades to influence the price, but it has not been proven yet.

The fact that people are doing this, does not guarantee a higher price in the future. They might trigger a Bull run, but it will only have a short-term influence on the price. Most people seem to think Bitcoin Whales are just a myth, but I believe they exist and they are very active behind the fluctuations in the price. Wink

bounceback

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we think that holding bitcoin will be worth by the end of this year because we have seen a few days ago that the price of bitcoin has increased compared to the beginning of last year, so at the end of 2020 I think bitcoin will be worth also with prices going up, why I say it is because if we see from last year's bitcoin it's always valuable at the end of the year.

Genemind

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There are lots of speculations that it will be a year of Bitcoin and I never doubt it. This season is the most awaited year of most investors. I also believe that the bullish market would occur by the end of the year. There are lots of incoming events involving cryptocurrency and it will surely bring a huge positive impact on Bitcoin. There's no harm in believing in positive speculation. Let's just hope for the best.

Astvile

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If that $10B worth of bitcoin will be moved and sold immediately that will cause chaos and whenever these coins are moved im sure this will create a big question for us and price of bitcoin will either go down or go pump because of that, some people may panic and sell urgently and some people will start getting curious about the moving of bitcoin funds from these exchanges.

Murat

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Obviously, Holding Bitcoin would be a great source of earning more Bitcoin, I think This year is somehow will be remembered for passing the 10th-year anniversary of Bitcoin and so at the end of this year, I hope there will be something special, so it will be worth for you if you hold Bitcoin, But I don't think that Bitcoin price is controlled because of having the decentralized system, it could have happened that there is a group of bulk Bitcoin holder, so they are doing a market mechanism by buying and selling their Bitcoin, in this way they could hamper the price, anything could happen in this techno-based era, but in terms of profit, I think holding Bitcoin is the best way to make it happen.

Casdinyard

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I came to know some whales didn't use exchange to transact bitcoin hence just use p2p exchange instead. So what if this 10 billion worth of bitcoin is happening now and then but we aren't aware of.

Yes, people can control the market and can make it a bull whenever they want and this year isn't the year we are all waiting for.

BlackFor3st

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Quote from: Experia on October 09, 2019, 07:36:09 AM

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?

It can surely affect the price of bitcoin if 10 billion worth of bitcoin will be move but if it will be use to pump the price then it can surely increase the price of bitcoin in a short period of time.

Buying bitcoin as of now will be worth a long time of investment and not for this year only as it will surely take time for the bitcoin price to recover. Maybe in midst of 2020 we can see the price of bitcoin to x2 or x3 which is good price to sell.

DaveWave

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No one can guarantee you that bitcoin will have good increase this year. But many people are being positive this year.

Holding bitcoin long term is better. Halving is approaching and governments and companies are starting to appreciate blockchain. The US government too even with strict rules is also giving go signals on some exchanges.

Ailmand

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If you are investing for a long term, the prices this year would mot matter. Most investors are accumulating bitcoin and waiting for every dip in the market to buy chunks of bitcoin. Once the bull market starts those who patiently and took advantage of the bear market will gain a lot of money due to their patience. So, I guess the best thing to do for now is to accumulate as much as you can while the prices are cheap.

glendall

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if some exchanges work together and they hold lots of bitcoin, maybe even hundreds of thousands of bitcoins, of course they can move the market price, just like whales move the market price even a little,
especially if it has touched 10 billion, this will be a big spike in the future.

crzy

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It will be worth it if you have more bitcoin than any shitcoins but if you just hold small amount of bitcoin then don’t expect big profit. Start saving bitcoin now, don’t thinks its too late because its not there’s still a chance for a $50k price per bitcoin in the future, so make this motivation to buy more.

kawetsriyanto

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Quote from: Experia on October 09, 2019, 07:36:09 AM

I wonder if they had the control over the price, they can make a bearish run or even they can wake the bull up?

Can you mention your reasons to say this? or you just speculate because of the big amount?
If they really control the prices, they must plan to rise it someday. Since the bearish has happened, then they must plan to end it and rise it to gain profits. Yeah, they may have the power to make bearish and bullish. But we don't so worry, Bitcoin doesn't depend on whales only. It has a future to be a real digital currency. As long as we are going to the goal, I am still sure to hold both the short or long term.

Kyraishi

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The exchanges with that much BTC could definitely make a hefty dent in the market if they wanted to, but I'm pretty sure that BTC isn't actually there's, it's more their customers who are storing BTC on the exchange.

Could you imagine the bear market we could have if they started dumping the BTC? We would see such a huge snowball effect and it'll take a long time to recover over something like that.

Personally, I think we'll hit the 15,000 regions next year and I'm waiting for that time.

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