Whales or institutes do not stop their bitcoin buying - page 3.

shoreno

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Quote from: MCobian on December 30, 2020, 06:47:32 PM

I agree that whales and institutes are not planning to take profit any time soon, and continue to buy Bitcoin. It can be seen from the Bitcoin
price that there is also no correction, but the Bitcoin price continues to rise in price. This is a good thing in my opinion, because it will greatly
benefit us as Bitcoin holders. And also another positive thing that can happen is that it can attract new investors, because now Bitcoin has
become the center of attention in the investment world.

no correction and rise in price must be a perfect condition for them to start selling but i wonder why they didnt to that , what are they waiting for ? christmas is already over but new years arent yet however they did a good job for others .

i like how they sacrifice their own self gratification but we dont need to be shock soon or complain when the price suddenly crash hard because by that time happen , we know that its them taking profits .

MCobian

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I agree that whales and institutes are not planning to take profit any time soon, and continue to buy Bitcoin. It can be seen from the Bitcoin
price that there is also no correction, but the Bitcoin price continues to rise in price. This is a good thing in my opinion, because it will greatly
benefit us as Bitcoin holders. And also another positive thing that can happen is that it can attract new investors, because now Bitcoin has
become the center of attention in the investment world.

idrisalomagold

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I have been looking on chart and other data on bitcoin for almost a week and I saw volume of trading were dropping each day. However, because of recent whales activities, the price had already stabilized making the market again in another consolidation but are we expecting consolidation? I think no.

I am convinced that these whales are not just an ordinary institutions, they are massively buying every sell off retailers executed in the market which makes the price to move even higher. Reaching 30k before year end or 1Q of 2021 could perhaps a good milestone for bitcoin to continue bullish cycle.

BrewMaster

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There is trouble abrewing

Quote from: OcTradism on December 28, 2020, 09:54:11 AM

How the Ripple lawsuit and appeal ends will be very interesting for crypto market. If Ripple fails with their appeal (I think so) the capital in Ripple will switch to bitcoin and a few top altcoins. More than $13,2 million will be available on the market. This capital is more than two-thirds of Grayscale investment in bitcoin.

you are missing two important factors.
first altcoin traders are mainly trading them against bitcoin, so there won't be any capital coming to bitcoin when they dump XRP to get BTC directly. consequently it won't affect bitcoin price.

secondly when altcoins dump their value decreases a lot specially when something this big and negative happens to them. add to that the centralization of XRP and failure of the company is the failure of the shitcoin so it won't take long to reach zero which means selling XRP won't give people that much capital anyways.

Kong Hey Pakboy

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Whales are still buying bitcoin because bitcoin adaptability is rapidly changing that more people are accepting bitcoin and cryptocurrencies as a digital currency. It is the reason why bitcoin's price is currently stable and growing because it is being recognized by famous and non-famous people worldwide.

aioc

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This is crazy the market has become the playing fields of whales and institutes and we small traders are benefiting from this, on long term with most of the supply are on hoard the price will go up, this will push the price to go $50000 or even up, is this the roadmap to 6 digit? I hope it is., the only downside is if they connive to crash the market, those with large amount can do that.

Lucius

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Quote from: Karartma1 on December 29, 2020, 09:21:41 AM

It's a trade-off that can't be overcome right now. We knew that was coming: personally speaking, I wish the bitcoin community could have done something to counterbalance that during the crypto winter when the waters were calm.
Today it's too late.

If you think the crypto community should have bought most of the BTC and thus prevented large investors from investing, it was a mission impossible given that even during the greatest crypto winter the price did not go below $3000 - this is also expensive for the vast majority of small investors. But let's say that's happened and there's not enough BTC on the market to satisfy the appetites of big investors, do you think most would resist selling at prices that would surely be between $50 000 and $100 000?

I don't think it's too late for something, as always BTC has new challenges ahead of it and one of them is for sure how not to let most coins fall into their hands, especially not at such low prices if we understand the growth potential. However, there will always be those who will sell and those who will buy, we cannot prevent anyone from trading on the open market.

AakZaki

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Bitcoin is the future for modern payment transactions. Some institutions and whales get into bitcoin because they realize bitcoin is very valuable. So that many new people finally enter and invest in bitcoin. Even though whales and institutions stopped buying them, many holders of bitcoin and were able to survive until bitcoin reached the new history it is today. Bitcoin once hit its lowest point, but is currently able to reach its highest point. Whales and institutions will not just stop buying, they already have a good strategy to get more profit.

Karartma1

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Quote from: Lucius on December 29, 2020, 09:14:29 AM

My concern, however, goes in the direction that all of this BTC are in custodial wallets, which means not only they exposed to hacking, but they are left at the mercy of regulators and governments who can freeze them at any time.

It's a trade-off that can't be overcome right now. We knew that was coming: personally speaking, I wish the bitcoin community could have done something to counterbalance that during the crypto winter when the waters were calm.
Today it's too late.

Lucius

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Quote from: OcTradism on December 28, 2020, 09:54:11 AM

How the Ripple lawsuit and appeal ends will be very interesting for crypto market.

I'm sure you meant billions (instead of millions), and I have to admit that I'm not exactly sure what's going on with that altcoin - but I can see that its market cap has dropped by more than 30% in the past 24 hours. Sure, the money will spill over somewhere, but for anyone who held that altcoin, it would be really silly to decide to invest in another coin - apart from what Bitcoin shows, it's hard for me to understand someone is looking for an alternative when it comes to cryptocurrency.

Quote from: nelson4lov on December 28, 2020, 04:43:59 PM

My fears however, is that since if these institutions have huge BTC holdings, what happens when it's time for them to take profits?

Let's call it the fear of all those who are still undecided about investing in Bitcoin - because no one can know what their intentions are and whether any of them will decide to sell everything at some point and thus start a chain reaction. However, we can hope that they still invest in the long run and that all possible sales will still take place via OTC - in the same way as they buy now.

My concern, however, goes in the direction that all of this BTC are in custodial wallets, which means not only they exposed to hacking, but they are left at the mercy of regulators and governments who can freeze them at any time.

DarkDays

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Quote from: ?? on ??

I think This is the biggest bull run bitcoin have ever seen as well as the longest bull run.

I agree, I used to think back in November that this is probably yet, but with the current market trend for BTC it seems that back then it was just getting started. Surprisingly, this is a new record for Bitcoin and one which will leave a positive mark for the rest of alts.

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Very interesting to see it keeps going up. It might hit $30k soon. And lots of buying pressure coming in from institutions and big companies. I think in the next 1 or 2 years, bitcoin might be over $100k. Can't wait to see that... now it just waiting game.

Yup, the waiting game is about to get super serious now that speculations about what BTC value could be in 1-2 years. Perhaps, this is a strategic move that large investors like companies and institutions have gotten themselves ahead of??? Who knows... Though for me, one thing is clear - HODL BTC

nelson4lov

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If institutions and whales are sending their Bitcoins to cold wallets for safekeeping rather than selling off at these prices, then, it's pretty clear that they don't think we're anywhere near the top yet. That only means that we're likely to see more upside movements before a major correction would come. My fears however, is that since if these institutions have huge BTC holdings, what happens when it's time for them to take profits?

aesma

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fly or die

Quote from: OcTradism on December 28, 2020, 09:54:11 AM

How the Ripple lawsuit and appeal ends will be very interesting for crypto market. If Ripple fails with their appeal (I think so) the capital in Ripple will switch to bitcoin and a few top altcoins. More than $13,2 million will be available on the market. This capital is more than two-thirds of Grayscale investment in bitcoin.

Ripple: 487409 BTC (that will change with Ripple appeal result)
Grayscale's total holding: 607274 BTC. https://bitcointalksearch.org/topic/m.55932167

That's one advantage Bitcoin has we're not talking about often : we don't know who created it, so there is nobody for authorities to harass ! Smart, isn't it ?

lifeforcepools

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Of course, there will be more and more whales. Look at the price of bitcoin and you will understand everything.

OcTradism

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Quote from: Lucius on December 28, 2020, 09:32:48 AM

This is really one thing worth discussing, because the rules of the game have changed in favor of the big players, and to the detriment of the small ones. While BTC was relatively cheap it didn’t interest most of those interested today, but it didn’t really interest the average Joe too much. Now there is interest from everyone, only the average Joe looks at the price of BTC with great wonder, and it has become too expensive for him - while wealthy investors have no problem paying 1 BTC more than $30k if we look at the premium prices happening at Grayscale.

The higher the price goes up, the more interest the big fish will show - because big fish are attracted to big bait.

How the Ripple lawsuit and appeal ends will be very interesting for crypto market. If Ripple fails with their appeal (I think so) the capital in Ripple will switch to bitcoin and a few top altcoins. More than $13,2 million will be available on the market. This capital is more than two-thirds of Grayscale investment in bitcoin.

Ripple: 487409 BTC (that will change with Ripple appeal result)
Grayscale's total holding: 607274 BTC. https://bitcointalksearch.org/topic/m.55932167

Lucius

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Quote from: Wind_FURY on December 28, 2020, 03:05:28 AM

Plus Bitcoin has become a more attractive investment priced at $27,000, than priced at $10,000. No one would be stupid to sell their coins on a "correction", when we know that $30,000 is a mere 10% away. Cool

This is really one thing worth discussing, because the rules of the game have changed in favor of the big players, and to the detriment of the small ones. While BTC was relatively cheap it didn’t interest most of those interested today, but it didn’t really interest the average Joe too much. Now there is interest from everyone, only the average Joe looks at the price of BTC with great wonder, and it has become too expensive for him - while wealthy investors have no problem paying 1 BTC more than $30k if we look at the premium prices happening at Grayscale.

The higher the price goes up, the more interest the big fish will show - because big fish are attracted to big bait.

Latviand

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Quote from: Lorence.xD on December 25, 2020, 02:20:20 AM

Quote from: TravelMug on December 25, 2020, 12:44:41 AM

Actually this is a good sign, very bullish since people and institution are taking out their bitcoin to exchanges like Coinbase because it's obvious that they are going to be a HODL.

And with Coinbase notoriously being down when the price of bitcoin is going up, I wouldn't surprised by this move. "Not your keys, not your coins", Be your own bank" attitude for experience investors here.

Hopefully this hodl will be a long term type for these whales because anytime they can dump all this coins back into the market and drive the prices down. The good news about this is that the prices will go up and it will only be a matter of time before the coins starts pouring in.

Whales can really manipulate the market, just like those big investors or businesses that hold a huge amount of bitcoin.

Just wish that whales will not dump some of their assets in the market so the bitcoin's price will not go down when we don't do any transactions yet.

I still hold and hold whenever I can so that I can have a much higher profits where I will not have any regrets.

0t3p0t

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Peace be with you!

Quote from: btcsmlcmnr on December 24, 2020, 09:43:01 PM

More than 12.2k BTC moved out of Coinbase to cold wallets (likely) and that is a very good support for bitcoin bull market. Overall, the fall of reserve on crypto exchanges stop its fall as whales began to deposit and maybe they take profit but as outflow chart shows there are more investment from whales, institutes. They are very bullish in bitcoin as they withdrawn and stored their bitcoin in likely cold wallets, not in custody wallets on exchanges.

They don't want to lose their bitcoin from any exchange compromise or government lawsuits and don't have plan to take profit too soon.

https://twitter.com/ki_young_ju/status/1341688251195609089
https://twitter.com/ki_young_ju/status/1342050669746913280

Moving Bitcoins to cold wallets means whales and institutions are preparing for the future. I know this is just the beginning of whales and institutions keeping their Bitcoins in a safe place because maybe other investors are waiting for a short dip to buy some.

fishbonez11

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This only mean that there is no panic selling, Hodlers are really decided to reserve their coins. Since companies and institutions are starting to attract more people to bitcoin, holders are seeing the potential of Bitcoin for long term. Bitcoin price might have correction but there will be for sure a recovery after drop. Bitcoin have reach a really grrat milestone, there will be a bright future for sure.

Wind_FURY

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Quote from: btcsmlcmnr on December 27, 2020, 10:28:35 PM

Quote from: Wind_FURY on December 26, 2020, 03:21:35 AM

Michael Saylor has an average for his Bitcoin accumulation priced at about $15,000. I believe that price is as close as the lowest low that we can "buy the dip, HODL". We won't see Bitcoin below that anymore.

People talked a lot about 30% correction and the $15,000 equals to 34% of fall from $26,000. It is close to 30% correction. Bitcoin dominates the market and its dominance reached 70%. I agree with you that the 30% correction is big and people are waiting for cheap bitcoin price will must feel very happy if the correction actually occurs. It won't happen every month and with the bullish investment sentiment from institutes and coming retailers, bitcoin will not retouch the price again (after any correction is close to $15,000).

Plus Bitcoin has become a more attractive investment priced at $27,000, than priced at $10,000. No one would be stupid to sell their coins on a "correction", when we know that $30,000 is a mere 10% away. Cool

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Any big correction of bitcoin will create a massive change of capital and altcoins will see a capital switch from bitcoin.

There will be some coins joining Bitcoin, but it won't be like the craziness we saw during 2017. The institutionals are HODLing the Bitcoins now, not plebs.

Topic: Whales or institutes do not stop their bitcoin buying - page 3. (Read 1152 times)