Topic: What if this guy with 96,651 BTC suddenly cashes out? - page 5. (Read 777 times)
An user won't intend to sell all the bitcoin holdings in a day's time or two. Cashing out of bitcoin is possible to some extent and to some limit whales will manipulate the price after which bitcoin won't go that low in value.
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If he wants to cash out and he is not an idiot he will start selling small parts, slowly. I bet if he is not an idiot he won’t sell everything to begin with, but something similar happens with the stock market and people who hold large positions usually sell small parts and, if they want to sell all their position, they do it out of the market. They don’t just go and place a sell order for all their stocks, as that goes against their interest.
I don't see why that guy would suddenly cash out if he owes that many bitcoins. If hypothetically that happens then sure bitcoin price will have to suffer
Man selling 8000 Bitcoins
https://bitcointalksearch.org/topic/i-have-around-8000-btcbut-my-country-are-too-small-cap-to-cash-out-2698402
What if this guy with $10 billion suddenly starts buying Bitcoin?
Buying with dollars increases the price, selling Bitcoins lowers it. The market will always find an equilibrium, which makes speculating like this useless.
Does this mean an insignificant drop of ca. 0.57%?
Circulating supply is irrelevant, most of it isn't "circulating". Only a small portion is traded each day. Trade volume is currently $7 billion per day.Buying with dollars increases the price, selling Bitcoins lowers it. The market will always find an equilibrium, which makes speculating like this useless.
I don't see why that guy would suddenly cash out if he owes that many bitcoins. If hypothetically that happens then sure bitcoin price will have to suffer
It would be much more profitable to sell slowly, so the only scenario where someone would sell that much quickly is if they desperately needed cash right away, like if there a really amazing black friday sale and they wanted to buy 10,000 refrigerators.
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%?
What an amount of money for a single person. Although I do not envy him, is cashing out that amount of money even possible? If so, he will greatly affect the whole bitcoin market and can make the price of bitcoin very high or low. That is why whales are greatly feared and sometimes hated by the bitcoin users because they have so much money and they find it hard to protect themselves and their money. Currently circulating supply for Bitcoin is 16,874,375 BTC.
Does this mean an insignificant drop of ca. 0.57%?
is he alien or something?
i guess he may not be the person for sure
i guess he may not be the person for sure
I would have gone out of my mind. I work, I travel the world I would do everything I wanted.
Eat, drink, have fun!
Eat, drink, have fun!
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%?
This guy can not sell all BTC for 1 day. It will be very hard to do considering criptocurrency exchanges day limits and volumes
He will sell 96,651 Bitcoin. 100% true.
If any of the big whales would suddenly cash out, Bitcoin's price could get quite a big hit. However, it is not in their interest to do it, since this way they would get far less cash than by selling slowly. On the other side, some super-whale could have the precise purpose to crash the prices so that he can buy the coins back cheaper. By the way, I guess this scenario has already occurred a number of times, perhaps even recently.
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%?
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