If Whale hoards bitcoin, will the market run out of BTC to buy? - page 3.

Sanugarid

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Quote from: sherryDEFI on June 24, 2021, 01:30:10 AM

Bitcoin is limited in quantity. News like so and so billionaire or so and so company bought 100,000 BTCs is now commonplace due to the dip. Will there be a time when there will be no bitcoin to buy. If so then what will happen then?

They were hoarding huge numbers of BTC for a reason and that is to earn profits. Whales who hold the majority of BTC in circulation will eventually sell their holdings of BTC but not 100% of it to take profit because it's all about money. So I doubt that no one will sell their BTC when the price is so high and no one will choose to hold when the opportunity to earn more than they invest is in front of them. What will happened would be people like them will sell their BTC at peak price and traders will follow.

MKings

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Whales just want to make money, they have no reason to keep hoarding Bitcoin. The big change in the price of Bitcoin is due to the operation of whales. If they want to make a profit, then they have to sell or buy.

nurilham

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Quote from: joniboini on June 24, 2021, 05:54:04 AM

Either the price will skyrocket or it will dump heavily because the market believes the asset is no longer has any value.

Yep, the possibility will be pumping the price or making the price freefall. With very rare Bitcoin in the market, people will be not interested anymore to invest or trade Bitcoin. To make crypto market is healthy, should be always a sufficient number of Bitcoin to trade. When the circulating supply becomes worse, I guess the market can't survive properly.

dothebeats

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And they will have the whole market only to themselves, rendering their coins useless since they can only buy and sell stuff with each other and other parties who want to enter the market with cash will be unable to do so. Coins will never run out in the market as these entities (whales) will be forced to sell coins at some point in time in order to have funds for some other ventures they may have.

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Quote from: sherryDEFI on June 24, 2021, 01:30:10 AM

Bitcoin is limited in quantity. News like so and so billionaire or so and so company bought 100,000 BTCs is now commonplace due to the dip. Will there be a time when there will be no bitcoin to buy. If so then what will happen then?

The Whales that op thinks are holding Bitcoin are not really holding it the way we thinks. There is a certain volume of Bitcoin that needs to be transact inside a pool before the price of Bitcoin must move. Buying and selling of Bitcoin occurs every seconds which triggers both buying and selling of pools to bring about movement in the market.

The cryptocurrency market has several ways of balancing the rate of buying and selling. Even the Whales are not just holding there Bitcoins but also trading it to make exorbitant profits. The major aims of the whales is to accumulate Bitcoin for easy for easy profits when put in trading.

glendall

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there are no whales who don't sell their bitcoins when the specified price is reached, the turnaround time and the market price will always be there every minute so bitcoins will always be trading and won't stop unless the market you are aiming for / you are using is repairing the server

cotton ball

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if they buy all the bitcoins then they hoard bitcoins for a very long time, I don't think we are the problem, but the problem, because the market is not moving, and they can't open another business, because all their wealth is buried there. .

Bitstar_coin

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I think it can only make it to be more scarce and perhaps affect the price but there will always be some few people who will sell assuming the majority are willing to hold, even though btc is just 21 million supply in total, it hasn't stop some whales to influence the market with the amount of btc they hold because the number of btc holders is very low compare to the supply, let's assume 21 million people hold btc respectively, it won't be easy for one person to dump the price so easily, but this has not been the case yet, maybe in the near future it will be.

marilynmanson21

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because the stock of bitcoin is limited, and turnover must exist because of demand, bitcoin will not stop spinning, which is higher if there is a lot of demand, here the role of the whale is to determine the price at which they will release their bitcoin, so it's natural for them to hoard their bitcoin to get profit

kidbounty

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literally, yes. but the market is not that simple. there will always be people who want to sell when something is very scarce. they will not stand still to see the big profit. that's why even though in the end the amount in circulation decreased a lot, because many were hoarding. btc will not disappear from the market. btc will always be there to trade.

Mpamaegbu

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To your question — No, the market will never run out of Bitcoin to buy if whales decide not to sell at all. If anything, it will make those who want to buy Bitcoin seek alternative crypto to do whatever they would've done using Bitcoin. Let me give you an example from experience. Whenever Bitcoin fees become very exorbitant, people move to stable coins to transfer to exchanges and do their transactions or withdraw from exchanges. How do you expect someone to pay $20 as withdrawal fee from an exchange for what they could pay just $1 using a stable coin. I have seen this happen and I have utilized that option myself. It's the same scenario I forsee if Bitcoin is hoarded perpetually.

btc78

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Quote from: sherryDEFI on June 24, 2021, 01:30:10 AM

Bitcoin is limited in quantity. News like so and so billionaire or so and so company bought 100,000 BTCs is now commonplace due to the dip. Will there be a time when there will be no bitcoin to buy. If so then what will happen then?

Miners will always sell their bitcoins (though not all of them but for sure to sustain their operation they need to sell)

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But indeed that if whales Buy all the Bitcoin available then the situation will change and may bring drastic effect.

But wondering why they still not doing it? are they afraid of people will not support Bitcoin if this happens and they may lose everything if investors convert to altcoins and abandoned bitcoin if that moves comes to happen?

Connor Britton

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I personally think that whales may be hoarding Bitcoin, but not at the same time, because when they buy together, the price of Bitcoin will rise, when Bitcoin rises to a certain price, the whale will sell Bitcoin, so say whales They don’t keep hoarding Bitcoin because they all want to make money.

ropyu1978

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I think the whales will never hoard bitcoin for a long time, because they are also afraid of falling prices, they will definitely sell back the bitcoins they hoard, for their other business needs, even if they hoard bitcoins in the long term I think they will will not enjoy the results, because they will die, so I don't think they will ever hoard bitcoin in the long term..

777Jolami

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Quote from: maisao1991 on June 27, 2021, 08:59:45 AM

Other than Michael Saylor holding a large amount of BTC, there are few people who hold such a large amount of BTC, as well as miners working non-stop to mine money every day, will BTC ever be enough and do you think like me when you reach the target value you set you will sell it for the price you set earlier.

I think you have forgotten his Microstrategy or Grayscale (storing bitcoins for GBTC trusts). It's quite large (160k BTC) and in these pivotal times the unlock deadline has come, whales may be concerned about this. But I think Grayscale will continue to buy bitcoin for the trust for the foreseeable future. So I guess bitcoin value will continue to move forward for a long time.

zanezane

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If the whales hoard their bitcoin, and left nothing for other people in the market, the prices will go up but no retail investor is sane enough to buy bitcoin which ends up with the market having no circulation since whales have hoarded all the bitcoin plus it will be counter to them because they can't make money just for hoarding, they make money because they have to make big waves.

JillianTaft

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Every investor has a profit goal, even if it is a Bitcoin hoarder, if they hoard a large amount of Bitcoin but never sell it, what is the difference with hoarding air?They will all sell bitcoins at the price set in their hearts, so we never have to worry about them hoarding bitcoins, even if hoarding a large amount of bitcoins will lead to poor circulation of bitcoins, which will have a very serious impact on the price, hoarders will understand This simple truth, so we don’t have to worry about it.

Kong Hey Pakboy

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Quote from: ILuckyGuyI on June 27, 2021, 06:37:31 AM

There is no such thing happening in the future I believe. Because there is a balance in this market. While there are people who buy a lot of BTC, there are also many people who are selling their BTC. In this situation, it is not possible to see that we run out of BTC to buy.

We also have to understand that they have to spend a lot of money of money to hoard all the bitcoin in the current supply plus they have to continuously buy every new bitcoin added into the supply. Even if all the whales band together to buy and hoard all bitcoins, they will have a hard time doing it.

maisao1991

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Other than Michael Saylor holding a large amount of BTC, there are few people who hold such a large amount of BTC, as well as miners working non-stop to mine money every day, will BTC ever be enough and do you think like me when you reach the target value you set you will sell it for the price you set earlier.

ven7net

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Quote from: sherryDEFI on June 24, 2021, 01:30:10 AM

Bitcoin is limited in quantity. News like so and so billionaire or so and so company bought 100,000 BTCs is now commonplace due to the dip. Will there be a time when there will be no bitcoin to buy. If so then what will happen then?

Usually in this case, a shortage occurs, which in turn causes even more demand, which leads to an even greater price increase. If all the BTC is mined and is in the hands of the holders, then at first its price will rise by so much, it will be profitable to sell it at a profit. Do not forget that BTC is now an asset for preserving and increasing one's wealth, which means that its price will always rise, especially after it is not enough in the market.

Topic: If Whale hoards bitcoin, will the market run out of BTC to buy? - page 3. (Read 638 times)