Others would buy it.
The negative side: price would fall temporarily; the positive side? There are many! For me, two of them are very important:
- The high % of BTC concentrated in the small % of the larger holders would decrease significantly;
- I would get to purchase BTC cheaper
They will probably not decide to sell it right now. Since they've accumulated so many BTC, they'd likely just hurt themselves by doing so because they know that once they sell everything, they'll either miss the next train or join it with way less coins.
Topic: What would happen if the major holders of bitcoin all decided to sell it all? - page 4. (Read 462 times)
February 18, 2021, 12:12:21 PM
February 18, 2021, 12:02:42 PM
Re: What would happen if the major holders of bitcoin all decided to sell it all?
Simple. Bitcoin's price will temporarily drop. The same way how Amazon/Apple/Tesla/Microsoft or whatever other public company's stock price would also drop if it's major holders will sell. What's your point? It's how markets work.
February 18, 2021, 12:02:27 PM
It's kind of concerning that so few people hold so much bitcoin.
Are these holders even active or what? I'm guessing they bought at the beginning and are all just holding.
Hope you are aware that the article is published in 2018, majority of the early miners will be holding a huge amount of BTCitcoin and in recent years there are many institutional investors investing heavily in BTCitcoin and if they decide to sell off the coins in huge amount then it might affect the price if there are not many buyers and with institutional investors they might even purchase all the coins. Are these holders even active or what? I'm guessing they bought at the beginning and are all just holding.
February 18, 2021, 11:43:12 AM
Well, if they decided to sell it all right now... this minute... I think there would be enough buyers to take up the slack 
February 18, 2021, 11:35:58 AM
https://www.cryptoglobe.com/latest/2018/09/diar-research-less-than-1-of-crypto-wallets-hold-87-of-all-bitcoins/
It's kind of concerning that so few people hold so much bitcoin.
Are these holders even active or what? I'm guessing they bought at the beginning and are all just holding.
It's kind of concerning that so few people hold so much bitcoin.
Are these holders even active or what? I'm guessing they bought at the beginning and are all just holding.
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