Why the big whales are not cashing out? - page 3.

katrimans

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Quote from: aardvark15 on December 11, 2016, 09:55:48 AM

If a government tried to buy up a huge amount of Bitcoins, it seems like it would drive the price up. Also, there are many people that are probably just holding Bitcoins as a long term investment and won't sell anyway.

I think the governments are not going to buy bitcoin, they can only think about bitcoin that how to legalize it.
They will give opportunities to their people to trade bitcoin and use it as currency, if they really honest to bitcoin and want it as a global currency of the world.

BitFinnese

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Quote from: tee-rex on December 26, 2016, 09:58:33 AM

Quote from: d@nte on December 25, 2016, 05:11:23 PM

Quote from: justdimin on December 25, 2016, 03:56:50 PM

Quote from: NetFreak199 on December 09, 2016, 10:00:44 PM

May be they also waiting for the big pump would happen to btc or they already sell it bit by bits when the price increasing slowly, we don't know what they already thinking

Yes they may also be waiting for the price of increase, as if they start selling bitcoin it will effect the market a little, just for some time and after that the price will again start increasing, so they are waiting for the price to reach to some high price and then they start selling their bitcoin gradually.

If there's something I've learned in the few months that I'm in crypto, it's that the whales are in no hurry, and they know Bitcoin's potential very well. In addition to the large holdings, they certainly also have money invested in exchanges, so they do not lose the profit possibilities that exist riding the waves in the market, especially now that we are in moments of high volatility.

Another reason why they might not want to cash out their piles of bitcoins is possible tax implications that could be caused by massive sell-offs. Even if they are able to get a decent price at the peak of demand for bitcoins, they might have issues withdrawing so much cash. Smaller exchanges may just run away with their coins, the bigger ones may want to know where these bitcoins come from in accordance with the KYC policies and then report to the IRS and their likes.

This might be one of the reason, and furthermore, I think whales today are great trader, after so many years of experience trading bitcoin, they already known the strategy to cash out without affecting the BTC price value and accumulate to the point they will not overshoot the price at their loss. Im pretty sure the cause of the dip are whales cashing out then rebuy at the lower price.

tee-rex

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Quote from: d@nte on December 25, 2016, 05:11:23 PM

Quote from: justdimin on December 25, 2016, 03:56:50 PM

Quote from: NetFreak199 on December 09, 2016, 10:00:44 PM

May be they also waiting for the big pump would happen to btc or they already sell it bit by bits when the price increasing slowly, we don't know what they already thinking

Yes they may also be waiting for the price of increase, as if they start selling bitcoin it will effect the market a little, just for some time and after that the price will again start increasing, so they are waiting for the price to reach to some high price and then they start selling their bitcoin gradually.

If there's something I've learned in the few months that I'm in crypto, it's that the whales are in no hurry, and they know Bitcoin's potential very well. In addition to the large holdings, they certainly also have money invested in exchanges, so they do not lose the profit possibilities that exist riding the waves in the market, especially now that we are in moments of high volatility.

Another reason why they might not want to cash out their piles of bitcoins is possible tax implications that could be caused by massive sell-offs. Even if they are able to get a decent price at the peak of demand for bitcoins, they might have issues withdrawing so much cash. Smaller exchanges may just run away with their coins, the bigger ones may want to know where these bitcoins come from in accordance with the KYC policies and then report to the IRS and their likes.

d@nte

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Quote from: justdimin on December 25, 2016, 03:56:50 PM

Quote from: NetFreak199 on December 09, 2016, 10:00:44 PM

May be they also waiting for the big pump would happen to btc or they already sell it bit by bits when the price increasing slowly, we don't know what they already thinking

Yes they may also be waiting for the price of increase, as if they start selling bitcoin it will effect the market a little, just for some time and after that the price will again start increasing, so they are waiting for the price to reach to some high price and then they start selling their bitcoin gradually.

If there's something I've learned in the few months that I'm in crypto, it's that the whales are in no hurry, and they know Bitcoin's potential very well. In addition to the large holdings, they certainly also have money invested in exchanges, so they do not lose the profit possibilities that exist riding the waves in the market, especially now that we are in moments of high volatility.

justdimin

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Quote from: NetFreak199 on December 09, 2016, 10:00:44 PM

May be they also waiting for the big pump would happen to btc or they already sell it bit by bits when the price increasing slowly, we don't know what they already thinking

Yes they may also be waiting for the price of increase, as if they start selling bitcoin it will effect the market a little, just for some time and after that the price will again start increasing, so they are waiting for the price to reach to some high price and then they start selling their bitcoin gradually.

markyminer

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Quote from: Positid on December 24, 2016, 02:56:03 AM

Quote from: Cactushrt on December 23, 2016, 11:43:58 PM

Quote from: aardvark15 on December 23, 2016, 05:11:11 PM

There is still a big upside to the price of Bitcoin. Most whales will hold until the price gets into the thousands before they cash out.

You're right. Big whales are waiting bitcoins will become pricey maybe $2000 so maybe they will cash out 3 years from now and they are willing to wait bro.

We don't know what exactly the whales are thinking, only certain we know is that they are in bitcoin to make money, so there's no specific price that would make them sell their bitcoins, it is just their timing on what they are doing.

to me i think they have such a good amount of bitcoins as well as fiat currency that they never feel the need to exchange their bitcoin into fiat to fulfill their need and they may also be thinking about the price of bitcoin to raise too high therefore they are also not going to sell their bitcoins.

tee-rex

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Quote from: lionheart78 on December 24, 2016, 11:07:14 AM

Quote from: tee-rex on December 24, 2016, 10:03:46 AM

Quote from: buwaytress on December 24, 2016, 09:04:02 AM

Simply because whales in crypto, just like whales in fiat, tend to store, hoard and grow their wealth. Crypto whales aren't the bright eyed blockchain advocates we might think they are. They're in it for the profit and want to be in a position of profit for a long time.

I like the way you put it, but being always in a position of profit for a long time is only possible if Bitcoin price continuously grows and grew in the past. But we witnessed how the price collapsed after Mt.Gox had gone bankrupt. Some whales have lost their fortunes there, and those who wanted to be "in a position of profit" should have cashed out already when the price went over $1,000 per coin. Therefore, such cryptowhales should have been sifted away already, and the ones that remain are not here for profits or for profits exclusively.

No i don't think cryptowhales already left cryptoscene. Maybe they are wiser today than way back 2013. They had learned their lesson when majority of them cashed out and see bitcoin price got a steep dived from that action. In my opinion, they had been cashing out but not in bulk . Would you destroy the value of your holdings? Of course no. So they maybe slowly selling their holding to not affect the price of bitcoin.

But the whales of today are not the same whales as of 2013, so there is no way to say if they actually learned anything. The 2013 whales did basically nothing to acquire their bitcoins, they were just lucky to be in the right place at the right time. We would call them early adopters. The second generation whales like Winklevoss bros had to buy their stashes, therefore they are certainly different and more experienced in finances.

lionheart78

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Quote from: tee-rex on December 24, 2016, 10:03:46 AM

Quote from: buwaytress on December 24, 2016, 09:04:02 AM

Simply because whales in crypto, just like whales in fiat, tend to store, hoard and grow their wealth. Crypto whales aren't the bright eyed blockchain advocates we might think they are. They're in it for the profit and want to be in a position of profit for a long time.

I like the way you put it, but being always in a position of profit for a long time is only possible if Bitcoin price continuously grows and grew in the past. But we witnessed how the price collapsed after Mt.Gox had gone bankrupt. Some whales have lost their fortunes there, and those who wanted to be "in a position of profit" should have cashed out already when the price went over $1,000 per coin. Therefore, such cryptowhales should have been sifted away already, and the ones that remain are not here for profits or for profits exclusively.

No i don't think cryptowhales already left cryptoscene. Maybe they are wiser today than way back 2013. They had learned their lesson when majority of them cashed out and see bitcoin price got a steep dived from that action. In my opinion, they had been cashing out but not in bulk . Would you destroy the value of your holdings? Of course no. So they maybe slowly selling their holding to not affect the price of bitcoin.

Chevas Regal

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Quite interesting topic, what i feel is that people love appreciating their assets not devaluating it, so this could be one of the reason why they re not cashing it out.
I have been buying lisk all the time even if the price is dammn high or it is fucking low like now.

tee-rex

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Quote from: buwaytress on December 24, 2016, 09:04:02 AM

Simply because whales in crypto, just like whales in fiat, tend to store, hoard and grow their wealth. Crypto whales aren't the bright eyed blockchain advocates we might think they are. They're in it for the profit and want to be in a position of profit for a long time.

I like the way you put it, but being always in a position of profit for a long time is only possible if Bitcoin price continuously grows and grew in the past. But we witnessed how the price collapsed after Mt.Gox had gone bankrupt. Some whales have lost their fortunes there, and those who wanted to be "in a position of profit" should have cashed out already when the price went over $1,000 per coin. Therefore, such cryptowhales should have been sifted away already, and the ones that remain are not here for profits or for profits exclusively.

buwaytress

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Simply because whales in crypto, just like whales in fiat, tend to store, hoard and grow their wealth. Crypto whales aren't the bright eyed blockchain advocates we might think they are. They're in it for the profit and want to be in a position of profit for a long time.

tee-rex

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Quote from: Xenophoto on December 24, 2016, 07:28:15 AM

Quote from: dhampir-D on December 24, 2016, 03:19:48 AM

One of the reason is that they probably know that in the future there are great chances for better profits. If they are in crypto long enough, they know the potential of Bitcoin, and we have seen only a fraction of this so far.
Also, they probably don't need to do this now... perhaps some of them have already sold many Bitcoins over the past few years, so it's possible they already have enough money to live.

Honestly, there's no reason for them to cash out right now anymore. Ask yourself, if you had sufficient fiat money to live a meaningful and wealthy life, why would you convert your bitcoins into fiat right now. Maybe if you're trying to play with the price fluctuations, then you'll sell some of your coins right now but not all of them. Even though I am not a whale, I'm not going to cash out right now too because I don't really need money. The longer we wait, the better time it would be to cash out because bitcoin increases over time.

I basically agree with your opinion. I for one think along the same lines mainly. On the flipside side, though, if I lived a meaningful and successful life beside Bitcoin and still had thousands of them in my wallet, I wouldn't let them sit idly there. Of course, it doesn't mean that whales should necessarily get engaged in speculation and such things, they might not like this in the first place, but simply keeping bitcoins without doing anything about them seems really stupid to me.

Xenophoto

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Quote from: dhampir-D on December 24, 2016, 03:19:48 AM

One of the reason is that they probably know that in the future there are great chances for better profits. If they are in crypto long enough, they know the potential of Bitcoin, and we have seen only a fraction of this so far.
Also, they probably don't need to do this now... perhaps some of them have already sold many Bitcoins over the past few years, so it's possible they already have enough money to live.

Honestly, there's no reason for them to cash out right now anymore. Ask yourself, if you had sufficient fiat money to live a meaningful and wealthy life, why would you convert your bitcoins into fiat right now. Maybe if you're trying to play with the price fluctuations, then you'll sell some of your coins right now but not all of them. Even though I am not a whale, I'm not going to cash out right now too because I don't really need money. The longer we wait, the better time it would be to cash out because bitcoin increases over time.

LuanX3

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Probably they are waiting for the price to sky rocket and be sky high. Probably there would be more people cashingout before the end of the year as prices might hit $1,000 before the year's end. So maybe we should watch out for that sudden increase that would make these whales sell their bitcoins. If that happen we might see a great drop too.

tee-rex

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Quote from: dhampir-D on December 24, 2016, 03:19:48 AM

One of the reason is that they probably know that in the future there are great chances for better profits. If they are in crypto long enough, they know the potential of Bitcoin, and we have seen only a fraction of this so far.
Also, they probably don't need to do this now... perhaps some of them have already sold many Bitcoins over the past few years, so it's possible they already have enough money to live.

We can't know what's in the future, and neither can big whales. We can only hope that the potential that Bitcoin has won't be wasted in the coming years due to exchange hacks, governments bans and similar things. Regarding whales already having sold their coins, they must have been selling when the price collapsed from $1,200, and some of them seem to have just lost their stashes at Mt Gox.

dhampir-D

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One of the reason is that they probably know that in the future there are great chances for better profits. If they are in crypto long enough, they know the potential of Bitcoin, and we have seen only a fraction of this so far.
Also, they probably don't need to do this now... perhaps some of them have already sold many Bitcoins over the past few years, so it's possible they already have enough money to live.

Positid

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BULL RUN until 2030

Quote from: Cactushrt on December 23, 2016, 11:43:58 PM

Quote from: aardvark15 on December 23, 2016, 05:11:11 PM

There is still a big upside to the price of Bitcoin. Most whales will hold until the price gets into the thousands before they cash out.

You're right. Big whales are waiting bitcoins will become pricey maybe $2000 so maybe they will cash out 3 years from now and they are willing to wait bro.

We don't know what exactly the whales are thinking, only certain we know is that they are in bitcoin to make money, so there's no specific price that would make them sell their bitcoins, it is just their timing on what they are doing.

Cactushrt

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Quote from: aardvark15 on December 23, 2016, 05:11:11 PM

There is still a big upside to the price of Bitcoin. Most whales will hold until the price gets into the thousands before they cash out.

You're right. Big whales are waiting bitcoins will become pricey maybe $2000 so maybe they will cash out 3 years from now and they are willing to wait bro.

gentlemand

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Welt Am Draht

Quote from: RealEstCoin on December 08, 2016, 05:10:24 AM

At $12B market cap a government, investment fund, or bank itself could purchase the majority of Bitcoin in circulation. This technically would not be the end of bitcoin, but the scenario you propose is possible.

How many coins are on all the exchanges for sale right now? At a guess it's tens of thousands. That leaves 15.9 and a bit million coins to prise out of the hands of everyone else. There'd be enough bloody minded people to charge 1 trillion dollars per coin.

rajasumi3

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Big whales are not cashing out of the following reasons
-they want to make profit a lot .
-they think that by possesing bitcoins they Will be the most powerful people in the world.

Topic: Why the big whales are not cashing out? - page 3. (Read 7529 times)