Topic: Bitcoin millioniares will crash Bitcoin to $400 (Read 524 times)

The logic is rather simple, since they became millionaires by being early adopters with no prior knowledge of how much price growth will be accrued over the years, they are most likely to hodl to see if they'll become billionaires. And the wise ones will simply go into full-time cryptocurrency trading and investments to amass more digital assets. All investors don't think alike, while some may think of dumping, others appreciate the value of the tech itself and how much further disruptions can take place.

The bearish market is i think due to the manipulation of whales and they want bitcoin's value at this range. If there is a pump soon then we should be vigilant if that pump is not due to whales who just want to gain profit. I also see a lot of support of bitcoin at $6K range so i think it will not go below this value.

why now? why not when it was $16,000 or $12,000?
wouldn't they have done this when bitcoin dropped to $16,000 from its peak ~$20,000?
$400 to $16,000 is 4000% increase, $100 to $16,000 is 16000% increase that's high enough to cash out
for all I know they could be the reason why we're at ~$7,000 now, crashed/dropped from ~$20,000

you again, haff because you insist so much that bitcoin will fall to 2000 $, in this thread you did not talk about it, but it seems to me that your intention is to once again want to destroy the bitcoin image, just read your post history to realize that you do not like bitcoins. let's see:




Why do you think about this $ 2000?


nobody should care about them

Maybe you are right but for me i think it would not happen because there are people who are waiting for bitcoin's value to reach $1K to buy some.

It's their choice if you want to sell their bitcoin or not. But your right if the bitcoin holder who bought bitcoin and keep it for longtime they are now millionaire but if the bitcoin price decrease like the price that you said they lose a lot of profit that possible you get. Maybe they wait the price to increase like 10k dollars or upto 20k dollars again like what happen to december.

I think they cannot do that because if you are true investor and trader you don't want sell everything because you want to earn more. Because the people as long they know that they earn money they do everything even it's risky.

Following this logic, we shouldn't have reached the $10k mark because people who bought at $1000 and $2000 would have sold by $5000 or $8000 or more. Do note that in a bullish run, people tend to be greedy and disregard the fact that the price is so artificially enhanced up to the point that it's unrealistic anymore yet people will still buy it because they don't want to miss any pieces of the pie left for them. They tend to hold longer, buy when not necessary just to make sure potential profits wouldn't be wasted. Also, for 1 person selling, there could be one guy buying, so the value is either preserved, lost, or appreciate. These rich dudes will do anything just to be richer, even risking their 'millions' just to create more millions.

When other billionaires like Warren Buffet, Jack Ma and others are negative for Bitcoin.

Some people seriously know nothing about the market and post things in hangovers. How could bitcoin reach 400 dollars?? It is not even possible in the dreams of haters. Bitcoin has come so farther from 400 dollars and there is no way it is going to get back to such a low price. Keep in mind that bitcoin is increasing in popularity every day and there is no way this wish of haters is going to come true.

Well i don't think that's even a question since basing on bitcoin's trajectory since 2010, we're moving the right direction. 400$ is too much to ask for those who want to buy in at a lower price. Bitcoin's becoming more and more known around the world and for me, that fact in itself is enough to secure bitcoin's future. It's going to take more than a few btc millionnaires to drag bitcoin's value that low

WaW' HOW I WISH
BITCOIN IS NOW $7600
simply means in the next 5 years we might see BTC at a very beautiful $100,000?

I hope Im the one of who are become millionaire but I did not know bitcoin when the price is $50 only or $100 I only see bitcoin when the price is 300-$500 I think and that's few years ago. I hope it will become verg high again the price.

It's impossible that the price of bitcoin will drop back to $2k or $1k the price of bitcoin is depends on demand and supply don't compare the bitcoin price in the past because the demand is low and the supply is high that is why the price of bitcoin is low compared to the current price.

I think this is just another part of FUD's they wanted to let people panic in selling bitcoin so that these FUDs could buy a cheap price of bitcoin and holding it for a long time and get benefits of holding it. These people are greedy and this is just like other people before wanted to push other people to sell and regret soon so if you are holder I suggest that you control your feeling and hold your bitcoin tightly.

People who are still holding their coins at this stage is unlikely to sell any time soon. In fact, there are a lot of long term holders of bitcoin holding massive amounts in secured vaults right now which they most likely don't plan on accessing any time soon (search up Xapo's vaults).

If they're not selling now, it's unlikely that they would panic sell at a lower price level either.

Moreover, the buying pressure at anything below $5k right now in my opinion would be extremely strong, and if prices did go to that low, there will be a ton of buyers who will push price up and lead to swift adjustment upwards.

It's really not a concern at all, imho. Two things are clear, bitcoin will not go back to $400 given the demand, and most actual bitcoin millionaires are holding for the long term.

I don't think they will do that. People tend to win more and greed is the thing they're possessing. With greed, they wanted more. They set a TP out for bitcoin. So I don't think they will not sell.

This is just "buy and sell". This is all markets basic rule. This is not a dump situation. This is even not a speculation. This event that you mentioned has already a name "profit realization"

There are many speculations around since last couple of years and most are rumors. Warren Buffet has been saying negative about BTC still we dont find adverse effect. Lets drive our investment through our research.

another dumb attempt by OP to try and spread something that he thinks is FUD but it is just a laughable topic that doesn't even make any sense. and this only proves once again how newbish OP is that he thinks attempts like this can affect the bitcoin price

Bullshit topic indeed, lol.
I wonder how some people reason anyway before coming to the forum to embarrass them-selves. Bitcoin millionaires will crash bitcoin to $400 … and that almost made me puke. Logically, someone who is not mentally derailed as a bitcoin millionaire will not even be dumping on the market and would even go the OTC way.

Secondly, it is even absurd to think that they will all just gang up and start throwing all their positions away ?
OP must definitely have ended up on the wrong side of bears to have imagined this.

Bitcoin $7,900 now. It has crashed from $10,000

Yeah that's right the bullish run is not yet beginning and as I've observed lately the bearish also takes over in the current trading activities. The bitcoin billionaires doesn't seem to be planning more pumping movement, as time will come as we take more effort to gain good profit when patience is over before price will be achieved.

Following your logic, so why will the Bitcoin millionaires try to dump Bitcoin to 400$ if they know just by doing so will make them ex-millionaires? You see this whales if they decided to massively sell their Bitcoins in order to become fiat millionaires will just be a dumb idea, it is like killing their own cash cow and quitting the game without any reason. They have the power to bring it back to 400$ anytime but are you seeing it being dumped right now to that price level? Of course not because that is a point of no return, the could simply make millions with the price manipulation alone.

Same but only over year for me. Should have a shitty hall of fame for this. I could equally make a thread that says Bitcoin millionaires moon Bitcoin to $100,000 and make up some weak reasoning .

They definitely will not. The more the progress bitcoin ends up having, the more it even gets better for them and who on earth will want to give that up for anything ?

You are only stating an assumption that is obviously not possible and even if some of them decides to offload what they have, as long as there is a demand for it, then there would be people ready to gulp it up and if not, I guess some of them will just have to give it up at lower values, but in the real sense, it is not something realistic to do or assume something like that would be possible in crashing bitcoin.

Damn, you were an early adopter than. Congrats on still holding it. I know some more people who bought at 100$, but sold everything when the price rose to 1000$. I wish I bought BTC also earlier, most of my BTC I bought when the price was at around 4000$.

Really... like early adopters are still holding on to a coin they probably bought below like $5 ?. And they didn't offload while bitcoin got to its ATH last December? -- This I doubt. The early adopters wouldn't be doing theirselves any good if they have not sold and maybe buy in again. Thats how the market will be sweet.

Without doubt one of the shittiest threads I’ve read here in 4 years.

A good example is Indian billionaire "Subroto Roy" who committed fraud of Rs 25,000 crores or $5,000,000,000.

Indian government attached Roy's "Ambi valley" worth $8 billion to recover the money but buyers are not paying more than $2 billion for Ambi valley.

Only when you get cash, you have the money.

That makes absolutely 0 sense.

There is a reason why prices are much higher right now compared to the stage where bitcoin prices were literally dirt cheap, and that is because of the adoption that has multiplied infinitely during that time, thus increasing demand.

There is only a limited supply of bitcoin, and an increasing demand for BTC. And even though, right now, bitcoin is in a bear market, there is absolutely no way that it's going to go down to $400.

A lot of earlier adopters have already sold their bitcoins as well, so your theory doesn't really make sense. But the vast majority of investors are actually holding onto their coins for the long term, instead of actively trading on the market all the time.

First you say they will sell at 1000$ or 5000$ to become millionaire, then you say if BTC drop to 1000$ or 2000$ they will lose money, how is that possible? If they want to sell and make millions there is possibility for that last year at 20000$, and if one user want to become millionare in that time he/she only need to sell 50 BTC (50 BTC x 20000 = 1000000 $). Even today person can get 1 million $ with only 100+ BTC, so there will no be market crash anytime soon. You do not know that BTC daily trading volume is from 5 to 11 billion $, do you know how many millions is in 1 billion?

bitcoin price under 100 dollar, before 2013
so is very long time hold can reach to 1000 dollar or until 10k dollar

I don't think that such scenario is very likely. And I don't see that Bitcoin millionares would have such interest in dumping price so much. This sounds to me more like a conspiracy theory. Also, selling extremly large amount of Bitcoin in short period of time wouldn't go without attention of governments and tax authorities. Don't think this is going to happen, it's only speculation without any solid proof.

First of all you should know that if you are a millionaire and have that much money in Bitcoins and then you encash.. what happens is that .. the government doesn't allow that much about to be encashed suddenly ( my friend told me this )
Then also you must understand that millionaires only make a part of the whole Bitcoins economy they can't alone crash it ( except for Satoshi nakamato off course )
Also there is this never ending hope of increasing the Bitcoins therefore I don't think anyone would want to prevent future income

I bought between $100 and $400. And I continued buying after that. I haven't sold out so far. Why should I when I know I'm holding something what could be worth several hundreds of thousands of dollars per coin?!
I can guarantee you the early adopters and crypto OGs will not sell the majortiy of their coins, because they all have studied Bitcoin and understand it's disruptive potential. They are just focusing on one thing: accumulating as much coins as possible. And to do that, yes they sell a few coins on they way up, and buy when the price goes down.
You comment is pretty lame and not even worth to be called FUD.

Long term holders (especially the early birds) hold Bitcoin for the following reasons;

- to store wealth outside the banking system.
- have no faith in fiat.
- have no faith in the government and their shitty system.
- want to own their wealth instead of relying on central parties to do the job for them.
- believe that Bitcoin will become a mainstream payment tool.
- believe that we haven't even seen a glimse of Bitcoin's real potential, and thus there is no reason to sell now.

All the newer holders aren't real holders but just fiat obsessed investors not knowing anything other than fiat being 'the real deal'.

1BTC whether it tanks back to $1000 or moons at $1,000,000 tomorrow, is still 1BTC. In reality everything else that we use to measure Bitcoin's value is losing against Bitcoin consistently, which says enough.

Who are the bitcoin millionaires and should they do that?  I think we may never see bitcoin price at $400 again and this type of speculations always make people to sell their coins at loses.  I have been thinking of mtgox when open this thread but with all their dumping bitcoin still remains strong.

People who buy Bitcoin at $5,000 will never be millionaires unless they invest $500,000 in Bitcoin 

sorry that you tried to short bitcoin and lost a lot of money. next time don't short something that is on the rise so that you don't get desperate to continue creating bullshit topics like this thinking you are spreading FUD it is not even FUD, they are dumb topics that only make us laugh at you...

Well that is only a speculation but there are also investors who are not yet convince that Bitcoin price will end rising yet. Perhaps they would to wait more and sell when it is already six digits. There are a lot of investors of Bitcoin that are confident that bullish run of Bitcoin in not yet done.

Firstly, I think its fair to start at the beginning - "bitcoin millionaires will crash bitcoin to $400" - Will they? I don't think so. Not only because your stating that like a fact but because wouldn't that have already happened by now? Your suggestion that they would get off at any point above 1K is undermined by the fact that it rose from 1k at a steady rate for a decent part of last year, and yet they didn't offload. Maybe you say that is because there was a bull market and long term trend forming, sure so they would've dumped at any sign of that trend breaking them? Hmm that didnt happen either. Leading up to the BCash fork the trend was broken pretty sharply and yet prices didn't plummet down to $400 with the early adopters offloading. Run up to 20k massive correction to remove euphoria money etc etc blah blah we arrive at 8k and have traded reasonably sideways for a while giving plenty of opportunity to jump ship.

I would hazard a guess and say that the people that are jumping ship are the new money not the old. Early adopters have nothing really to lose by gambling on the potential of bitcoin which they saw down at $50, $100 or $1000, they've had their amazing returns and if they are only in it for the gains then they are easily winners at well below current levels. Early adopters are also likely the ones that believe in the use case of bitcoin as a friction-less payment system or friction-less store of value, which is an amazing proposition.

TLDR: I wholeheartedly disagree with your proposition.

People who brought Bitcoin at $50 or $100 or $400, they will sell at $1,000 or $5,000 or $10,000 to be a millionaire. If they do not sell Bitcoin and bitcoin goes back to $2,000 or $1,000, they will lose their millions ($$$$$)