Topic: What if this guy with 96,651 BTC suddenly cashes out? - page 2. (Read 777 times)
if the cash 96651 btc cash out then prices will fall all of sudden
The price is now the highest that it's been for 30 days. If I was one of those big superwhales I'd sell now and then buy back at a lower price. They'd make a lot of money doing that would they not.
They are already doing it. If you compare the amounts being sold and bought at exchanges you'll see a pattern. Usually when there's a dump followed by a pump you have the same amount of coins like 5k or so sold at one day and bought back within a couple minutes a few days later.
The problem with big investors is they are afraid to move money around. If you had 10 million USD in cryptocurrency, would you risk keeping it on an exchange where those money can be hacked, or stolen by the exchange itself? Why would you want to have more if the value of your investment is growing anyway and you already have a lot of money? Many people had their money blocked on an exchange or had to write tickets and wait for them to process the withdrawal. Exchanges are the weakest link of the system.
If he cashes out. Nothing spoil people will buy it. And life continues. The price might not really shift.
Which is correct if he sell that though it will reflect to the current price and a huge dumped will happen, but still people around this chain will buy that and be happy as they really waiting for that to happen to have opportunity to earn more, I'm not in the position of saying what can be the outcome of any action coming from that amount of btc if in case the owner/owners will cash that out, maybe I'll be going to save some spare money to buy them so Ican have some part of it coming from a much cheaper price.
https://blockchain.info/address/3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64
Currently circulating supply for Bitcoin is 16,874,375 BTC.
Does this mean an insignificant drop of ca. 0.57%?
Currently circulating supply for Bitcoin is 16,874,375 BTC.
Does this mean an insignificant drop of ca. 0.57%?
Wow this is guy is rich yes this will have an effect to the value of bitcoin if this guy sell it, it will add to the total circulating supply, how did you get the .57$ drop? the .57% of the current bitcoin circulation is 296041 btc? i want to know what is the computation of this thank you.
Yes there is a very significant risk if some of these whales began selling. I believe however that these guys are not stupid, they have been in and watched this market for a long time. If they want to or need to sell they will do it slowly over time.
https://blockchain.info/address/3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64
Currently circulating supply for Bitcoin is 16,874,375 BTC.
Does this mean an insignificant drop of ca. 0.57%?
Currently circulating supply for Bitcoin is 16,874,375 BTC.
Does this mean an insignificant drop of ca. 0.57%?
Wow this is guy is rich yes this will have an effect to the value of bitcoin if this guy sell it, it will add to the total circulating supply, how did you get the .57$ drop? the .57% of the current bitcoin circulation is 296041 btc? i want to know what is the computation of this thank you.
Do not have what thing, he should be in the short term will not sell, sell it will only make the circulation of currency will be more, instead is a good thing, a lot of those who hold COINS are very bullish on the currency.
If he cashes out. Nothing spoil people will buy it. And life continues. The price might not really shift.
The price is now the highest that it's been for 30 days. If I was one of those big superwhales I'd sell now and then buy back at a lower price. They'd make a lot of money doing that would they not.
If that guy cashes his Bitcoin then it would be a regretful experience if he does it. Bitcoin is just warming it up.https://blockchain.info/address/3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64
Currently circulating supply for Bitcoin is 16,874,375 BTC.
Does this mean an insignificant drop of ca. 0.57%?
I'm getting crazy by checking out the wallet address and he mostly purchased those thousands of bitcoins on December last year.Currently circulating supply for Bitcoin is 16,874,375 BTC.
Does this mean an insignificant drop of ca. 0.57%?
It is interesting that this might not even be one person, but an organisation, and for the benefit of the whole it would require to flourish the business, not go in doom and gloom.
I'm thinking that this is the JP Morgan Chase but don't get me wrong as this is my opinion. Can you remember when Jamie Dimon spread that bitcoin is a fraud and then later on his company bought some? He will sell 96,651 Bitcoin. 100% true.
On the FLIP side people do fear large wallets like this can be seized by governments in unilateral moves against BTC, obviously not every country in the world is free or legally justified.i've thought about this, but if it's a hardware wallet they would have to physically break into your house or something on anecdotal evidence. that's pretty dystopian.
It is interesting that this might not even be one person, but an organisation, and for the benefit of the whole it would require to flourish the business, not go in doom and gloom.
If i had these bitcoins, i could never sleep, i guess, i would constantly check the account. I would be a paranoid 
The price is now the highest that it's been for 30 days. If I was one of those big superwhales I'd sell now and then buy back at a lower price. They'd make a lot of money doing that would they not.
I think this number is much better than total revenue, so it will not have a significant effect on bitcoin prices. If you look at the amount of bitcoin space many exchanges we have. You'll notice that many bitcoins are sold every day, but they do not seem to be significantly affected. 
one wallet could represent one million people and one person can represent a million wallets.
if we assume this is one person with all of the funds under their power then they would have a lot of liquidity issues if they wanted to sell all at once. for big traders it's a process of unrolling the line, which means unloading in chunks or gradually so that they don't rip the market down and get filled at terrible prices. for instance he could put all the funds on one exchange and hit the bid for all of it, but it would push the market down instantly to a lower and lower price, he may get filled $100 for his last btc; not a very elegant exit. big traders massage the market into their traps because they desperately need liquidity. big traders are working as many exchanges as they can at the same time for that exact reason. hell MM don't care what the price is.
they have very little incentive to hit the market with everything. the only situations i can think of is a fat finger or if bitcoin is fundamentally broken and no longer serves it's purpose.
if we assume this is one person with all of the funds under their power then they would have a lot of liquidity issues if they wanted to sell all at once. for big traders it's a process of unrolling the line, which means unloading in chunks or gradually so that they don't rip the market down and get filled at terrible prices. for instance he could put all the funds on one exchange and hit the bid for all of it, but it would push the market down instantly to a lower and lower price, he may get filled $100 for his last btc; not a very elegant exit. big traders massage the market into their traps because they desperately need liquidity. big traders are working as many exchanges as they can at the same time for that exact reason. hell MM don't care what the price is.
they have very little incentive to hit the market with everything. the only situations i can think of is a fat finger or if bitcoin is fundamentally broken and no longer serves it's purpose.
how do you know these are not exchange/corporate wallets?
He should not Sell all the bitcoin suddenly in this way he can earn return,but the rate of return would be smaller if he sell it in parts.Suppose if he sold all his BTC on 6th Feb-18 when BTC price was $5982,and today the price is around $11800 now imagine the profit difference.So its not advisable to sell all your BTC in one,sell it in part and when price is high,so that you may get higher return.
Another part of this if he suddenly cashes out his BTC,surely there will be overall effect on BTC price,price would slightly go down,but it would not be in long run,it would be for some days.Conclusion we can draw here is that no any big whale would do such stupid things that would crash the market.
Another part of this if he suddenly cashes out his BTC,surely there will be overall effect on BTC price,price would slightly go down,but it would not be in long run,it would be for some days.Conclusion we can draw here is that no any big whale would do such stupid things that would crash the market.
Another BTC address found with 60k of bitcoins:
https://blockchain.info/address/1LAnF8h3qMGx3TSwNUHVneBZUEpwE4gu3D
https://blockchain.info/address/1LAnF8h3qMGx3TSwNUHVneBZUEpwE4gu3D
For me, If you want to spend the cash it will cause great vibrations through the crypto world. I also want to think if you already have a lot of bitcoin you can see how it can be used in the future and not just be crypto money for quick profit just like that.
He cannot sell it in 1 day it will take a months or weeks but If this big whale cash out that Bitcoin will go down not so down and if selling the total supply is not deacresing He sell it to people so People who buy it is The new holder.
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