The majority would not cash out simply because when someone sells, it also makes the price lower. Even if everybody wants to sell at 500 or 450, not everybody could. Price lowers gradually as people sell.
Topic: What would happen if the majority cashes out on the block halving? (Read 1060 times)
May 04, 2016, 01:11:38 PM
Just because majority cash out on block halving doesn't mean there will be a crash. You'll have to see what sell order would be on exchanges by then plus when they sell, the demand won't reduce like some think because someone else is going to buy them so personally can't see much of difference.
May 04, 2016, 01:00:20 PM
I'm talking customer money. I'm sure there's plenty hiding on there but if you take the order books at face value it only takes a few thousands coins to be sold for the price to hit effectively zero. Of course you have a few buyers showing up too.
May 04, 2016, 12:54:41 PM
There's a very limited amount of money on exchanges and it takes an eternity to get money on there depending on what country you're in. That being the case the price flies down the toilet for a bit until it's no longer possible to actually sell on any exchange.
Not all exchanges have a very limited amount of money. Some exchanges even have reserve funds. 
May 04, 2016, 12:29:09 PM
There's a very limited amount of money on exchanges and it takes an eternity to get money on there depending on what country you're in. That being the case the price flies down the toilet for a bit until it's no longer possible to actually sell on any exchange.
Maybe this is why the last price bubble took some time to build after the halving. People who sell out at prices like $800 are going to be sorry when things really get moving.
May 04, 2016, 12:26:44 PM
There's a very limited amount of money on exchanges and it takes an eternity to get money on there depending on what country you're in. That being the case the price flies down the toilet for a bit until it's no longer possible to actually sell on any exchange.
May 04, 2016, 12:24:22 PM
If people indeed sell their coins massively then I am quite sure that the price will recover again.
It will only take a considerable amount of time as building the price up doesn't happen in a matter of weeks.
Most of us are pretty sure that the price will rise again even after another crash but how long would that take? It will only take a considerable amount of time as building the price up doesn't happen in a matter of weeks.
May 04, 2016, 10:23:40 AM
If people indeed sell their coins massively then I am quite sure that the price will recover again.
It will only take a considerable amount of time as building the price up doesn't happen in a matter of weeks.
It will only take a considerable amount of time as building the price up doesn't happen in a matter of weeks.
May 04, 2016, 09:55:43 AM
What would happen if the majority cashes out on the block halving? Will bitcoin be able to recover from the crash?
So the supply has dropped by half and you think the market is going to sell?
May 04, 2016, 09:46:30 AM
why would they?
If the price rises, a lot of people could take a profit. If the price doesn't rise, then all the suckers who bought bitcoin in anticipation of a price rise will sell. In either case it looks like after the halving a lot of coin is going to get dumped. So we'll see. May 04, 2016, 09:39:43 AM
A flash-crash.. maybe a really big one.. but I'd expect there would be market depth and people trying to take advantage of a shake out.
So, it would be difficult to predict without being able to see the 'then' market conditions..
But my guess is, there will be a shakeout.. there will be panic.. the weak hands will sell.. the price will rebound from a lower support range almost immediately.. and in a couple of hours it will all be over.
There could possibly be some repeating of the above in the following days, but not as violent as the main shake out event.
Once the weak hands have been shaken out / sold.. we continue to go up. Then the real fireworks can start.
I don't proclaim to be any sort of expert. This is all just based on my opinion, which is only based on being interested in and observing the bitcoin market for the last 3 years more or less.
So, it would be difficult to predict without being able to see the 'then' market conditions..
But my guess is, there will be a shakeout.. there will be panic.. the weak hands will sell.. the price will rebound from a lower support range almost immediately.. and in a couple of hours it will all be over.
There could possibly be some repeating of the above in the following days, but not as violent as the main shake out event.
Once the weak hands have been shaken out / sold.. we continue to go up. Then the real fireworks can start.
I don't proclaim to be any sort of expert. This is all just based on my opinion, which is only based on being interested in and observing the bitcoin market for the last 3 years more or less.
May 04, 2016, 08:51:34 AM
The next halving is after 2 years and 2 years is a pretty long time to wait for bitcoin to stabilize.
Bitcoin halves every 4 years
(i think you made a typo) May 04, 2016, 08:48:47 AM
The next halving is after 2 years and 2 years is a pretty long time to wait for bitcoin to stabilize.
Bitcoin halves every 4 years
(i think you made a typo)The bitcoin market price needs to increase after the bitcoin block halving because there will be less supply.
Do consider that the ammount of coins mined every day is only a very small fraction of the coins that are already in circulation... Also, the price increase might actually be calculated into the current price (more people might have bought BTC because they tought the price would rise after the halving, pushing the price upwards by their action)
May 04, 2016, 08:48:40 AM
The bitcoin market price needs to increase after the bitcoin block halving because there will be less supply.
May 04, 2016, 08:47:26 AM
why would they?
If the price movement goes downward after the block halving its possible that the miners who are hording their coins might cash out.If everybody decides to cash out, i'm pretty sure the price will plummet, but there'll always be people like me, who would love to buy a lot of coins once the price is really low
Well if that does in fact happen, we'll most likely go through the whole process of the price decline again like in 2014. People will say "bitcoin is dead", "you should have sold when you had the chance", and so on. But eventually the market will correct itself and the price will again stabilize before the next halving.
May 04, 2016, 08:46:29 AM
why would they?
If the price movement goes downward after the block halving its possible that the miners who are hording their coins might cash out.If everybody decides to cash out, i'm pretty sure the price will plummet, but there'll always be people like me, who would love to buy a lot of coins once the price is really low
Well if that does in fact happen, we'll most likely go through the whole process of the price decline again like in 2014. People will say "bitcoin is dead", "you should have sold when you had the chance", and so on. But eventually the market will correct itself and the price will again stabilize before the next halving.
And that's exactly why i would buy a lot of coins if the price would ever plummet... Because i basically believe it would rise again and stabilise in a matter of months/years
why would they?
If the price movement goes downward after the block halving its possible that the miners who are hording their coins might cash out.If everybody decides to cash out, i'm pretty sure the price will plummet, but there'll always be people like me, who would love to buy a lot of coins once the price is really low
Well if that does in fact happen, we'll most likely go through the whole process of the price decline again like in 2014. People will say "bitcoin is dead", "you should have sold when you had the chance", and so on. But eventually the market will correct itself and the price will again stabilize before the next halving.
they would lose money, unless you think that the majority i've bought at 200 or whatever cheap price
and destroy their multi millionare farm for nothing?
no way it's going lower than 400 anymore
why would they?
If the price movement goes downward after the block halving its possible that the miners who are hording their coins might cash out.and destroy their multi millionare farm for nothing?
no way it's going lower than 400 anymore
literally nothing.
why you think majority will do cash out on block halving? Even if bitcoin price touches ATH not all of or majority of bitcoin holder will be selling coins. But i think 1000$ per coin will be real price per coin after halving.
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