Either the price will skyrocket or it will dump heavily because the market believes the asset is no longer has any value. I doubt it will be the latter though.
You don't really need to imagine it though, right now you can even see how the market reacts when an address that holds 1% of Bitcoin supply does some transfer. Either they celebrate or get panicked from it.
Topic: If Whale hoards bitcoin, will the market run out of BTC to buy? - page 5. (Read 638 times)
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 market must move up and down for this to maintain its health, so Even whales need to sell for them to remain profiting in this market.so with that means there is no chance that hoarding will happen constantly for years , Whales mostly are not the typical HODLERS we are talking here so they may hoard but not for a longer time.
and besides if they can do it, surely they have done that long years before but why does this not happening ? simply because they cant.
If they could Hoard it all then they would simply set up a price for it.
They wouldn't just hold it forever they bought it to gain profit,
The only downside of it is that the market is being manipulated by that hoarder if it ever happen.
Manipulation issue is commonly talked but there are no strong proof that this is happening .They wouldn't just hold it forever they bought it to gain profit,
The only downside of it is that the market is being manipulated by that hoarder if it ever happen.
they may shaken the market but they cannot totally control the movement.
If they could Hoard it all then they would simply set up a price for it.
They wouldn't just hold it forever they bought it to gain profit,
The only downside of it is that the market is being manipulated by that hoarder if it ever happen.
They wouldn't just hold it forever they bought it to gain profit,
The only downside of it is that the market is being manipulated by that hoarder if it ever happen.
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?
At certain point, investors and speculators will have to sell their bitcoin to make a profit. So I doubt that we will run out of it. Although there are news like in December wherein exchanges are running out because there is a mad rush, more demand and we have seen it base on the price.However, since bitcoin is in a cycle, there will be constant moving of bitcoins around the market. Maybe some average joe are willing to sell at this "xxx" price because they have made so much profits. Or whales dumping their stash, and then buying it back when it goes down again. So it's going to be cyclical.
Whales will always reach a point that they will sell their bitcoin, they can't just hodl without a goal of having profit from it. Why do you think market crashes, price will just go up if many whales will just hodl. You didn't invest just to make it a display, it is an asset like gold. Bitcoin in the crypto market or exchange can't just easily run out of supply. Just imagine the current price at that time multiply to its total supply, that would be the total money needed to purchase all the bitcoin in the market.
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.
It's absolutely not a commonplace. Microstrategy is the only company that accumulated close to 100,000 BTC. The rest of them have much less than that. And public institutional buying has stopped months ago.
Majority of Bitcoins are still held by non-whales, and a lot of the "whale wallets" are just exchanges and other services. Also, whales sell too, they aren't going to hodl till they die of old age.
If they are the only one who hoards then the market won't move which means that they won't be able to make some profit, it's not of their best interest to hoard because they rely on manipulation and hoarding is going to be difficult for them.
Don't really think anyone can keep hoarding all of Bitcoin or and hold on for so long. At the end of the day they will have expenses and spend the bitcoin. And as people hoard more bitcoins, it is going to get more expensive and they are likely to sell some Bitcoin and book profits. So, it is highly unlikely that some whales hoard all of the bitcoin and we run out of bitcoin.
Those who hoard will eventually sell at their own price target. BTC is limited and so are people's wealth. They cannot lock their money on any investment like bitcoin forever. I expect Michael Saylor unloading at six figures.
There will always going to be people willing to sell their BTC. The first one who comes into my mind are the miners; everyday the Bitcoin network adds 900 BTC to its circulation, don't you think that they'll sell? Note that Bitcoin isn't held only by whales. IMO, it has the greatest wealth distribution a currency can have. Sure, some whales will always be ahead of the average user, but doesn't that happen with the dollar as well?
Besides Saylor and those twins, I don't know any other person who bought 100,000 BTC.
Besides Saylor and those twins, I don't know any other person who bought 100,000 BTC.
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?
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