The Effect of A Massive HODL Campaign - page 2.

Oilacris

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Quote from: Atheneum Blockchain on February 06, 2019, 09:38:27 PM

If you were able create a widespread campaign where the vast majority of traders and HODLers could hold their Bitcoin for 30 days, what would be the effect? Would the dramatically reduced trade-able supply boost the price or would low liquidity ultimately hurt the price?

On such case of this campaign then there would be no effect on the price. Why? because theres no liquidity involved into these times. Trades and holders are both on stable state which means
there no activity between sellers and buyers.No one supplied and no one buys so its normal to think that there would be no activity.

South Park

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Quote from: Atheneum Blockchain on February 06, 2019, 09:38:27 PM

If you were able create a widespread campaign where the vast majority of traders and HODLers could hold their Bitcoin for 30 days, what would be the effect? Would the dramatically reduced trade-able supply boost the price or would low liquidity ultimately hurt the price?

Why we will want to do something like that? And how it could be enforced if an agreement was reached that such a thing was good for the market? The concept of being your bank is not only about gaining independence from banks but from any other third party, we must be free of using our bitcoin as we want, if anyone tried to do something like that then there will always be traders willing to sell their coins to the detriment of those that are still holding.

sirohige

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Quote from: Idrisu on February 07, 2019, 04:15:44 PM

If all of us refused to sell bitcoin will definitely be stagnated and at the end no need for it as we would all sell after the 30 days and pushed the price down. Bitcoin should be allowed to recover by itself as it has been doing.

well, ico follows prices and bitcoin price movements, but bitcoin will never be able to rise alone, bitcoin must need support such as buying a lot of bitcoin so that bitcoin can recover.

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Quote from: Atheneum Blockchain on February 06, 2019, 09:38:27 PM

If you were able create a widespread campaign where the vast majority of traders and HODLers could hold their Bitcoin for 30 days, what would be the effect? Would the dramatically reduced trade-able supply boost the price or would low liquidity ultimately hurt the price?

this kind of campaign will end up killing bitcoin.
Imagine what will happen on the 30th day of this campaign; it's going to be the green light to sell and it's everybody who wants to sell before others.
THE END.

Idrisu

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If all of us refused to sell bitcoin will definitely be stagnated and at the end no need for it as we would all sell after the 30 days and pushed the price down. Bitcoin should be allowed to recover by itself as it has been doing.

olumyd

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Quote from: Atheneum Blockchain on February 06, 2019, 09:38:27 PM

If you were able create a widespread campaign where the vast majority of traders and HODLers could hold their Bitcoin for 30 days, what would be the effect? Would the dramatically reduced trade-able supply boost the price or would low liquidity ultimately hurt the price?

Most likely, it would make the market illiquid as there are more than 90% of coins traded against BTC, and so if BTC (which by the way holds more than 50% of market dominance) halts, the effect would ripple down and cause a whole lot of inactivity on crypto exchanges. Alternatively, while BTC prices will indeed spike due to scarcity, Ethereum as stablecoins will be the go-to place to hedge whatever miserable shitcoins anyone has, consequently increasing their worth.

But this is just a simplistic view, it could get more complex and things could spin outta control.

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Quote from: Atheneum Blockchain on February 06, 2019, 09:38:27 PM

If you were able create a widespread campaign where the vast majority of traders and HODLers could hold their Bitcoin for 30 days, what would be the effect? Would the dramatically reduced trade-able supply boost the price or would low liquidity ultimately hurt the price?

the possible effect you will get is that you will probably lose because usually the price of the token after ICO will surely fall but if ico has a good development the price will increase and rise, from experience there are a lot of token prices that fall after the ICO.

pawanjain

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Bitcoin is being used by so many people these days. Organizing a campaign might sound easy but it surely would be a tough job to convince everybody to hold their coins.
There would be at least some people who will eventually sell at some point and the rally towards panic sell will continue and lead to a down trend.
I guess most of the people just holded their coins in the year 2018 so that they don't sell their coins in a loss but the price eventually dropped anyway.

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Quote from: Atheneum Blockchain on February 06, 2019, 09:38:27 PM

If you were able create a widespread campaign where the vast majority of traders and HODLers could hold their Bitcoin for 30 days, what would be the effect? Would the dramatically reduced trade-able supply boost the price or would low liquidity ultimately hurt the price?

As the campaign will be artificial it won't achieve anything.
Traders will know that the hold period will end up in XX days and even if there is any effect, it could be speculated in future exchanges like Bitmex or Okex.

Pursuer

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Quote from: Atheneum Blockchain on February 06, 2019, 09:38:27 PM

If you were able create a widespread campaign where the vast majority of traders and HODLers could hold their Bitcoin for 30 days, what would be the effect? Would the dramatically reduced trade-able supply boost the price or would low liquidity ultimately hurt the price?

first of all that is not something you can do with a silly campaign, the biggest one took place recently and was called "proof of keys" which was encouraging people to withdraw from exchanges and keep their coins out of them... long story short nobody listened.
as for the price, technically if you do something like that you are effectively telling people to stay out of the market so price should not move at all because there is nobody left to buy or sell.

davis196

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Quote from: Atheneum Blockchain on February 06, 2019, 09:38:27 PM

If you were able create a widespread campaign where the vast majority of traders and HODLers could hold their Bitcoin for 30 days, what would be the effect? Would the dramatically reduced trade-able supply boost the price or would low liquidity ultimately hurt the price?

If the bitcoin buyers are aware of that mega HODL campaign.They would just wait for 30 days and then start buying cheap bitcoins.Everything in the market is all about information.Not just information,but asimmetric information.The sellers should know something that the buyers don't.

BitcoinHodler

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HODLing is an art, not just a word...

you can't force people to do anything that they don't want to. you can fool certain people with little to no experience and/or brains into doing irrational things but everyone else will do what is best for them. if someone is already accumulating and holding they will do it and if someone has sold they have sold and not waiting for some campaign.

with that said, since it is a moot question there is no point arguing some imaginary scenario that can never happen.

aoluain

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What would be the point other than generating profit by artificially
increasing the price so that some can quickly sell and take maximum
profit at the expense of others who might not be so quick or are
blindly holding . . . something like a pump and dump would occur.

perla

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Quote from: Atheneum Blockchain on February 06, 2019, 09:38:27 PM

If you were able create a widespread campaign where the vast majority of traders and HODLers could hold their Bitcoin for 30 days, what would be the effect? Would the dramatically reduced trade-able supply boost the price or would low liquidity ultimately hurt the price?

Maybe volume trading will less than usually. It is good because price will stable. I only talk when people hold their Bitcoin, not when pumped. Because if a lot of people who hold Bitcoin, and it price pumped, people will start to sell their coins and price will dumped again.

kelz1

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This would only work for coins that have a limited distribution, as there are too many bitcoin hodlers this strategy would only work for pump and dumpers. Price would rise, then dumpers will benefit

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Quote from: Atheneum Blockchain on February 06, 2019, 09:38:27 PM

If you were able create a widespread campaign where the vast majority of traders and HODLers could hold their Bitcoin for 30 days, what would be the effect? Would the dramatically reduced trade-able supply boost the price or would low liquidity ultimately hurt the price?

It is a billion dollar market to begin with and you really cannot control one percent of the bitcoin holders let alone having a campaign so that people will hold their coins for a certain period, market will always go down if there are more sellers than buyers and you could not literally do anything about it, that being said, since halving is coming up the inflation will reduce further and it will have an impact on the price.

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Quote from: Atheneum Blockchain on February 06, 2019, 09:38:27 PM

If you were able create a widespread campaign where the vast majority of traders and HODLers could hold their Bitcoin for 30 days, what would be the effect? Would the dramatically reduced trade-able supply boost the price or would low liquidity ultimately hurt the price?

If people would hold more their Btc instead of panic selling it, price would definitively increase. Demand would remain more or less the same but the offering will decrease significantly. This would automatically translate into a price increase.

bitbunnny

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I'm not sure that such campaigns could have any effect because it's hard to massive engage people on such projects. Everyone has iits own goals and strategy and it would be very hard to convince them that exactly holding in that exact moment is the right thing to do. But having in mind situation on the market I have the feeling that majority of Bitcoin users are holding their coins anyway.

Kopyleft

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Future of Security Tokens

If the demand is high, and supply is stagnated, the price would most likely increase to draw out hodlers to sell their assets. If there is no demand or low demand, hodling would have very little effect
For a crypto assets such as bitcoin, it would be impossible to get everyone to hodl, and also demtrimental for a currency which should be used as a medium of exchange.

figmentofmyass

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Quote from: Atheneum Blockchain on February 06, 2019, 09:38:27 PM

If you were able create a widespread campaign where the vast majority of traders and HODLers could hold their Bitcoin for 30 days, what would be the effect? Would the dramatically reduced trade-able supply boost the price or would low liquidity ultimately hurt the price?

you could never get people to do it. everyone has a different buy-in price, so profit-taking is a very personal matter. if you could convince some people to withhold supply (driving prices up), other sellers will step in and reap the profits. the effect will be minimal because sellers are rational and are competing against one another.

what's been done in some altcoins to accomplish this is to create incentives to withhold supply. proof-of-stake and masternodes, for example.

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