I think a lot of big players are silently buying up their millions while the prices are low. they know that buying more then 50 - 100 coins a day would drive up the price but if they just do it slowing the daily mined coins and miners paying bills lets them sneak in. but you can bet they will HOLD for 5-10 years easy if they think there is any chance for it to turn a 10 fold profit. and people are talking about a lot more then 10 fold increase being possible.
Topic: Stealth transfer of bicoins from day tarders to hodlers - page 2. (Read 2603 times)
I think a lot of big players are silently buying up their millions while the prices are low. they know that buying more then 50 - 100 coins a day would drive up the price but if they just do it slowing the daily mined coins and miners paying bills lets them sneak in. but you can bet they will HOLD for 5-10 years easy if they think there is any chance for it to turn a 10 fold profit. and people are talking about a lot more then 10 fold increase being possible.
^^^^^^ 
[& thanks for not using that over used Picard WTF meme]
Well too each his own. For myself, I started with X bitcoins. I added 1.25X bitcoins through mining, and then about 1.25X bitcoins through trading. And than I lost about 75% of my bitcoins through scams, failed group buys, and mostly one really bad investment (riding asicminer stock down from 4 btc to .8 btc). So that's why I AM HODLING. To each his own.
I think for us bitcoin-heads here in this forum, hodling isn't such a bad idea -- we are the minority (I presume ?). I think the majority of new money (that drives the btc economy) is coming from new people entering who are not hodling, so there is still enough new-bucks money to keep the bitcoin economy improving, which is the most important thing.
I can't say I'm sure though. These are my current guesses. The more people holding the more stable the price is, so I don't see that as a negative. It is only negative when so many folks are hodling that the economy doesn't have enough gas in the tank to run, but that is not happening IMHO.
[& thanks for not using that over used Picard WTF meme]Well too each his own. For myself, I started with X bitcoins. I added 1.25X bitcoins through mining, and then about 1.25X bitcoins through trading. And than I lost about 75% of my bitcoins through scams, failed group buys, and mostly one really bad investment (riding asicminer stock down from 4 btc to .8 btc). So that's why I AM HODLING. To each his own.
I think for us bitcoin-heads here in this forum, hodling isn't such a bad idea -- we are the minority (I presume ?). I think the majority of new money (that drives the btc economy) is coming from new people entering who are not hodling, so there is still enough new-bucks money to keep the bitcoin economy improving, which is the most important thing.
I can't say I'm sure though. These are my current guesses. The more people holding the more stable the price is, so I don't see that as a negative. It is only negative when so many folks are hodling that the economy doesn't have enough gas in the tank to run, but that is not happening IMHO.
Hodling is a great strategy until it doesn't. It will fail at a point when more people hodl than ever before. But don't worry - probably not yet.
You know what. I think the market is just too big now for any sort of general statement about 'what people in the market are doing'.
There are as many plans to do with bitcoins as there are satoshi's in one.
Speaking for myself I AM HODLING
But it must be good days for trading, especially with the never ending flood of new crap coins.
There are as many plans to do with bitcoins as there are satoshi's in one.
Speaking for myself I AM HODLING
But it must be good days for trading, especially with the never ending flood of new crap coins.
I agree with you. These newfangled digital currencies are so new and mysterious (cue grandpa Simpson), it's difficult to comprehend what their greater impact will be, years from now. Our brains are not programmed to predict the future. They are throwbacks to an earlier kind of life, and here they are trying to wrap themselves around a bunch of numbers on a blockchain in a digital realm. We are flinging value across the internet, from wallet to wallet, in minutes. Nothing like this has existed before. Blockchain technology can solve so many problems it's not even funny; currency is just one application, and a profitable one at that.
We must consider the daily sentiment compared to the larger picture. Many altcoin miners are selling their freshly minted coins on the market as they mine them. Nothing wrong with that (gots to pay the billz) but I see the same thing happening now as in 2012 and 2013: Shortsightedness leads to greed and fear, leading to selling. I don't mean this to demean those who are speculating on digital currencies' existence, or to question miners' reasons for selling (or holding), I'm just trying to use history as a way to predict the future.
Blah blah blah, adoption goes up, supply and demand blah blah, price goes UP and the world continues to turn. Maybe I haven't been around long enough, but the question is when and not if. Those who believe in the long-term success will have more coins, that is for sure, and those who understand the underlying technology of cryptocurrencies will be ahead of the game.
We must consider the daily sentiment compared to the larger picture. Many altcoin miners are selling their freshly minted coins on the market as they mine them. Nothing wrong with that (gots to pay the billz) but I see the same thing happening now as in 2012 and 2013: Shortsightedness leads to greed and fear, leading to selling. I don't mean this to demean those who are speculating on digital currencies' existence, or to question miners' reasons for selling (or holding), I'm just trying to use history as a way to predict the future.
Blah blah blah, adoption goes up, supply and demand blah blah, price goes UP and the world continues to turn. Maybe I haven't been around long enough, but the question is when and not if. Those who believe in the long-term success will have more coins, that is for sure, and those who understand the underlying technology of cryptocurrencies will be ahead of the game.
Embrace the S-Curve. This theory is reasonable until a reasonable amount of people are using the technology.
In times of relative stability, coins are bought up by people who are looking for returns on an annual basis rather than income on a daily or weekly basis. Coins are being sold for various reasons, but who's buying them? The price is too high for day tarders to turn around and make a quick profit. So liquidity is getting soaked up, slowly under the RADAR by people with the time and money to wait until the long term logarithmic trend reasserts itself. We saw this happen twice before and there is no reason to assume it's not happening again.
At some point, perhaps in weeks or months, but possibly over a year, this liquidity will completely dry up and we'll have another parabolic rise. Only next time, people will have access to ATMs, local exchanges, etc. to continue pumping in money until the hodlers start to take profits. This is the time to accumulate. Most of you won't do this. The smart ones will.
At some point, perhaps in weeks or months, but possibly over a year, this liquidity will completely dry up and we'll have another parabolic rise. Only next time, people will have access to ATMs, local exchanges, etc. to continue pumping in money until the hodlers start to take profits. This is the time to accumulate. Most of you won't do this. The smart ones will.
I think a lot of big players are silently buying up their millions while the prices are low. they know that buying more then 50 - 100 coins a day would drive up the price but if they just do it slowing the daily mined coins and miners paying bills lets them sneak in. but you can bet they will HOLD for 5-10 years easy if they think there is any chance for it to turn a 10 fold profit. and people are talking about a lot more then 10 fold increase being possible.
In times of relative stability, coins are bought up by people who are looking for returns on an annual basis rather than income on a daily or weekly basis. Coins are being sold for various reasons, but who's buying them? The price is too high for day tarders to turn around and make a quick profit. So liquidity is getting soaked up, slowly under the RADAR by people with the time and money to wait until the long term logarithmic trend reasserts itself. We saw this happen twice before and there is no reason to assume it's not happening again.
At some point, perhaps in weeks or months, but possibly over a year, this liquidity will completely dry up and we'll have another parabolic rise. Only next time, people will have access to ATMs, local exchanges, etc. to continue pumping in money until the hodlers start to take profits. This is the time to accumulate. Most of you won't do this. The smart ones will.
At some point, perhaps in weeks or months, but possibly over a year, this liquidity will completely dry up and we'll have another parabolic rise. Only next time, people will have access to ATMs, local exchanges, etc. to continue pumping in money until the hodlers start to take profits. This is the time to accumulate. Most of you won't do this. The smart ones will.
I think your point is as valid is as those that swear we are going to go down because we "have" to.
In times of relative stability, coins are bought up by people who are looking for returns on an annual basis rather than income on a daily or weekly basis. Coins are being sold for various reasons, but who's buying them? The price is too high for day tarders to turn around and make a quick profit. So liquidity is getting soaked up, slowly under the RADAR by people with the time and money to wait until the long term logarithmic trend reasserts itself. We saw this happen twice before and there is no reason to assume it's not happening again.
At some point, perhaps in weeks or months, but possibly over a year, this liquidity will completely dry up and we'll have another parabolic rise. Only next time, people will have access to ATMs, local exchanges, etc. to continue pumping in money until the hodlers start to take profits. This is the time to accumulate. Most of you won't do this. The smart ones will.
At some point, perhaps in weeks or months, but possibly over a year, this liquidity will completely dry up and we'll have another parabolic rise. Only next time, people will have access to ATMs, local exchanges, etc. to continue pumping in money until the hodlers start to take profits. This is the time to accumulate. Most of you won't do this. The smart ones will.
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