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Topic: Where are all the bitcoins? - page 2. (Read 2938 times)

ajk
donator
Activity: 447
Merit: 250
March 02, 2013, 03:41:18 PM
#10
what if somebody is holding all these coins and then dumps a huge amt onto the market? That's gonna have a big price impact.

You are correct.

They aren't selling a whole lot on the way up.  And they probably aren't planning on holding if it starts heading the other direction.  A lot of people have the exact same intention ... ride it up, then get out when it turns.

I doubt the exist doors are wide enough for everyone.

So, what to do?

There's a saying that goes something to the effect of, "nobody has ever gone broke taking a profit".

Honestly I dont see it happening. what makes you think that good investors havent already hedged their initial investment and are riding out the rest as pure profit? I know im not the only investor to have done this,

everyting at this point to me and im sure alot of other people is just gravy, i think that since the coins are in such powerful hands (those who already have a crap ton of money) are smarter than that, why would someone dump all their coins unless it was past examples of what we've seen with people who are not investors dumping all their coins at once?

dumping all you had would be retarded considering we are in such an uptrend,

You realize when someone is holidng 40k Coins when it goes up 1 dollar they make 40k? if they have fiat and not bitcoin during the uptrend then you are stuck exactly where you are with just your money
legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
March 02, 2013, 03:38:29 PM
#9
It also seems hard to know how much is being spent. The link below displays real-time movements of BTC. If I bought my neighbors lawnmower, would there be a record other than this?

http://bitcoinmonitor.com/
legendary
Activity: 2324
Merit: 1125
March 02, 2013, 03:37:57 PM
#8
So 2% of the complete currency is being traded on forex exchanges daily. Isn't that more than with fiat currencies?
ajk
donator
Activity: 447
Merit: 250
March 02, 2013, 03:36:46 PM
#7
also not to mention that these guys were in business during the time bitcoin was the most unusable currency

consider since theyve seen the worst of the worst what we are seeing now to them is probably the best of the best,

definitely not the same as we were 1 year ago considering we are seeing such huge volume, remember that we arent at 2 dollars anymore and 100,000 trades is not equal, even 10,000 trades at current price destroys the highest volume we've seen last year,

I had deep thought about this today and A lot seem to think that bitcoin MUST go mainstream for it to succeed when it is in fact the entire opposite,

We've already made it this far without the public eye at this point if it does go mainstream its only an added bonus to bitcoin..

Bitcoin can still live even if it is only the rich who has it (matter of fact Id rather bitcoin only been in rich peoples hands)
legendary
Activity: 2506
Merit: 1010
March 02, 2013, 03:36:39 PM
#6
what if somebody is holding all these coins and then dumps a huge amt onto the market? That's gonna have a big price impact.

You are correct.

They aren't selling a whole lot on the way up.  And they probably aren't planning on holding if it starts heading the other direction.  A lot of people have the exact same intention ... ride it up, then get out when it turns.

I doubt the exist doors are wide enough for everyone.

So, what to do?

There's a saying that goes something to the effect of, "nobody has ever gone broke taking a profit".
ajk
donator
Activity: 447
Merit: 250
March 02, 2013, 03:31:57 PM
#5
i think its safe to say that the majority of bitcoin is probably held by the strongest hands,

I dont think these guys are looking to dump anytime soon considering the leaders of bitcoin (whom i would believe at this time would be DPR of SR, MTGox, Satoshidice, and maybe a few other high end payment processors like bitpay)

considering that these guys are doing everything that they can in order to see a future in bitcoin I highly doubt anyone with a substantial amount of coins, (excess of 20-40K Bitcoin) is probably not going to dump that all at once considering this would be a ridiculously stupid play

if your praying to see 10 dollar coins again I doubt that it is going to happen this year if not forever? (not impossible to see 10 just at this point extremely unlikely)

I think that once the price stays about 30 for another month or so people will begin to accept the fact that this is the new price and more and more bigger players will buy at the current price considering that only big players will be able to afford it,

already we;ve seen 250,000 USD and 600,000 USD being dropped into the market and has not moved it, i said this before but this should instill investor confidence that this is in fact a big rally and not a bubble like every bear seems to think
legendary
Activity: 1372
Merit: 1000
--------------->¿?
March 02, 2013, 03:30:46 PM
#4
Keep in mind that bitcoin is international.  mtgox is not the only exchange and definetly not the only way to acquire bitcoins.
legendary
Activity: 1372
Merit: 1000
--------------->¿?
March 02, 2013, 03:28:30 PM
#3
Keep that secret: I keep them all in my pocket!  Grin
legendary
Activity: 1582
Merit: 1002
March 02, 2013, 03:19:48 PM
#2
I think many Bitcoin users hope that Bitcoin price will go up significantly and don't want to sell them for current price (it is about me also  Wink).
sr. member
Activity: 260
Merit: 250
March 02, 2013, 03:05:10 PM
#1
According to this page, there are about 11m bitcoins issued in total.

http://blockexplorer.com/q/totalbc

Less than 0.1m are traded daily on Gox

According to Bitcoincharts, Gox has 70% market share of trading. So reasonable to assume that no more than 0.2m are traded daily. That's about 2%, and that would seem to be a generous estimate.

Just wondering, where are the other 98%? I'm guessing its a cross between coins just held for savings and coins being spent in the 'economy'. The only question is, what if somebody is holding all these coins and then dumps a huge amt onto the market? That's gonna have a big price impact.

Cheers,

http://bitcoincharts.com/charts/volumepie/

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