Why the big whales are not cashing out? - page 5.

tee-rex

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Quote from: Ayers on December 17, 2016, 12:35:25 PM

Quote from: choppork on December 17, 2016, 10:07:49 AM

Most of us are probably going to live a few more decades. Imagine yourself as a whale, if you're going to dump your coins, you're not going to dump all of them at once. You dump it whenever you feel like it or whenever you think that the price is relatively high. You're going to live long enough to see the price of bitcoin increase a lot, there's no reason for you to sell all your coins at this price unless you need some serious cash in real life.

yeah but whales are those people with 100k bitcoin, or at least 10k, they can in theory leave with 1k bitcoin for the rest of their live, so there is no reason for them to hold the other 9k or 90k bitcoin, this is the point of the Op imho, and it's right, maybe they are just too greedy and with be very very rich and famous in the future

Well, I didn't think about it in this way really, but I agree with you that if you have 100K bitcoins and don't have as much wealth in dollars, it would be reasonable to convert at least half of your wealth to fiat and then watch patiently how Bitcoin takes over the world. There is another reason that just came into my head. This might as well be kinda pissing contest among top Bitcoin holders, which rank you will get in the future Bitcoin world.

Seansky

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Big whales is surely cashing out on every pumps that happen but they don't cash out all of their assets in bitcoin that easily. They don't do that mainly because they see potential that bitcoin's price will rise more and because of it they still buy some when the price is low for them. Also if they dump their coins it will cause a huge price dump IMO so Ill rather not see it soon.

richardsNY

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Quote from: Ayers on December 17, 2016, 12:35:25 PM

Quote from: choppork on December 17, 2016, 10:07:49 AM

Most of us are probably going to live a few more decades. Imagine yourself as a whale, if you're going to dump your coins, you're not going to dump all of them at once. You dump it whenever you feel like it or whenever you think that the price is relatively high. You're going to live long enough to see the price of bitcoin increase a lot, there's no reason for you to sell all your coins at this price unless you need some serious cash in real life.

yeah but whales are those people with 100k bitcoin, or at least 10k, they can in theory leave with 1k bitcoin for the rest of their live, so there is no reason for them to hold the other 9k or 90k bitcoin, this is the point of the Op imho, and it's right, maybe they are just too greedy and with be very very rich and famous in the future

It's wrong to assume that someone with tens of thousands of coins could live their entire life with 1000 BTC. Mainly because of the fact that their living standards being way higher than the standards of the average person. But then again, if you just live your entire life as a stingy person, then yes, you don't have to work anymore with around 1000 BTC ~ $790,000.

PokerFace3

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Quote from: pitham1 on December 10, 2016, 02:30:49 AM

Quote from: Eric Mu on December 09, 2016, 08:21:33 PM

Some of them may have lost their private keys - good for the rest of us Grin

That is wishful thinking. Cheesy

They might be bullish in the medium to long-term. Unlike the rest of us, big whales don't have any immediate requirement of funds and can afford to hold for the long-term.

Yes that is right to say the big whale have big investments, maybe more than our expectation, and they do not need it to change it into fiat or to use it online to fulfill their needs, therefore they can hold their bitcoin for a long time. May that is the reason that they are not going to sell their bitcoins.

Ayers

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Quote from: choppork on December 17, 2016, 10:07:49 AM

Most of us are probably going to live a few more decades. Imagine yourself as a whale, if you're going to dump your coins, you're not going to dump all of them at once. You dump it whenever you feel like it or whenever you think that the price is relatively high. You're going to live long enough to see the price of bitcoin increase a lot, there's no reason for you to sell all your coins at this price unless you need some serious cash in real life.

yeah but whales are those people with 100k bitcoin, or at least 10k, they can in theory leave with 1k bitcoin for the rest of their live, so there is no reason for them to hold the other 9k or 90k bitcoin, this is the point of the Op imho, and it's right, maybe they are just too greedy and with be very very rich and famous in the future

Rinder

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Quote from: choppork on December 17, 2016, 10:07:49 AM

Most of us are probably going to live a few more decades. Imagine yourself as a whale, if you're going to dump your coins, you're not going to dump all of them at once. You dump it whenever you feel like it or whenever you think that the price is relatively high. You're going to live long enough to see the price of bitcoin increase a lot, there's no reason for you to sell all your coins at this price unless you need some serious cash in real life.

I do agree as a whale you will try to maximize their portfolio, knowing bitcoin halving of 2016 and 2020 whales wouldnt cashout unless they need the money for something. Those are people that are able to make huge ammount of money with a small change at crypto currencies.

choppork

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Most of us are probably going to live a few more decades. Imagine yourself as a whale, if you're going to dump your coins, you're not going to dump all of them at once. You dump it whenever you feel like it or whenever you think that the price is relatively high. You're going to live long enough to see the price of bitcoin increase a lot, there's no reason for you to sell all your coins at this price unless you need some serious cash in real life.

GOT7

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They will cash out when they hit the price they are going for and tbh they have probably been cashing out all the way up and will dump into oblivion anytime now.

tee-rex

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Quote from: (altair) on December 17, 2016, 09:38:15 AM

Maybe they have some really big plans for it in the near future. We may not know it but let's join them on what they do. If they still don't sell their bitcoin then it will definitely spike in the near future. Let's just hodl our bitcoin while we can now so we can earn big profits once we sell it in a more higher price.

Even if they have big plans, the government may have even bigger plans, and in these plans there may be no place for Bitcoin. Apart from that, if we just thoughtlessly hold our bitcoins, and then one of these big whales finally makes up his mind and massively cashes out, for example, because of contingency or some other unfavorable situation, we will be indirectly paying him, by buying or holding now.

(altair)

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Maybe they have some really big plans for it in the near future. We may not know it but let's join them on what they do. If they still don't sell their bitcoin then it will definitely spike in the near future. Let's just hodl our bitcoin while we can now so we can earn big profits once we sell it in a more higher price.

StarofBTC

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Quote from: pacifista on December 11, 2016, 03:56:29 AM

Quote from: LovelyPrey on December 10, 2016, 04:57:24 AM

They just keep it and wait until the value of bitcoin rise.. and some other make it into business but into bitcoin too.,

Youre right,almost all the btc holders is waiting for that price,they will not make any move until the value reach thier desired price. So for now lets enjoy earning btc and hold it until that very special day of bitcoin.

In fact all the people who know about bitcoin are expecting bitcoin to raise to a high price, but I think no one can give a solid reason that when the price of bitcoin is increasing so much and how long they will be expecting bitcoin to raise too high in future, everyone is just expecting this based on the basic limited supply of bitcoins. They are holding their bitcoin to the time when bitcoin will be trading above 1000 USD or may be more.

KennyR

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Quote from: markyminer on December 15, 2016, 01:28:21 AM

Quote from: tee-rex on December 14, 2016, 05:19:56 AM

Quote from: bitjoin on December 13, 2016, 02:13:20 PM

Quote from: NUFCrichard on December 13, 2016, 08:24:52 AM

Quote from: tee-rex on December 13, 2016, 05:36:54 AM

Quote from: NUFCrichard on December 13, 2016, 04:45:59 AM

I am no big fish, but as someone who has an average price of under $300 per bitcoin, I don't really feel the urge to sell.
The recent rise has been slow and steady, I expect that if the price starts to fall, it will also move quite slowly.

I don't expect to be at a paper loss anytime soon, hopefully ever, so I am happy to sit and wait. I am not buying at the moment, but I am not selling either (gold parity might change my mind though)

Your break-even price is under $300 per coin, and you are still not going to sell your bitcoins. What about whales then who didn't buy their bitcoins at all but mined them in the early days of Bitcoin, when it was still possible to mine coins on an average desktop computer in the thousands? The cost of these coins is negligible, so any real price would mean huge returns for all these people.

I'm not an advocate of blindly holding regardless of price or life situation, but at the moment I don't need to sell.

If you are young though and have life ahead of you i say take a chance and hold out for big figures. You get 1 chance in life right? you can play other areas of your life safe to give you that shot with BTC.

I don't think that we get only one big chance in our life. There are a lot of chances that could make it heaps better. If you think that way and you think that you already lost your only chance, you are basically setting yourself on losing other chances which may come up in the future and might in fact turn out to be even more beneficial or profitable in the long haul.

chances depending on your struggle, if you are strutting hard you can get more and more chances, therefore we can say that working hard is the key to success.

As described working hard is the common rule for success in the past. Right now things were different, to be successful work hard can be found effective to some extent, smart work seems to be the best of earning.

markyminer

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Quote from: tee-rex on December 14, 2016, 05:19:56 AM

Quote from: bitjoin on December 13, 2016, 02:13:20 PM

Quote from: NUFCrichard on December 13, 2016, 08:24:52 AM

Quote from: tee-rex on December 13, 2016, 05:36:54 AM

Quote from: NUFCrichard on December 13, 2016, 04:45:59 AM

I am no big fish, but as someone who has an average price of under $300 per bitcoin, I don't really feel the urge to sell.
The recent rise has been slow and steady, I expect that if the price starts to fall, it will also move quite slowly.

I don't expect to be at a paper loss anytime soon, hopefully ever, so I am happy to sit and wait. I am not buying at the moment, but I am not selling either (gold parity might change my mind though)

Your break-even price is under $300 per coin, and you are still not going to sell your bitcoins. What about whales then who didn't buy their bitcoins at all but mined them in the early days of Bitcoin, when it was still possible to mine coins on an average desktop computer in the thousands? The cost of these coins is negligible, so any real price would mean huge returns for all these people.

I'm not an advocate of blindly holding regardless of price or life situation, but at the moment I don't need to sell.

If you are young though and have life ahead of you i say take a chance and hold out for big figures. You get 1 chance in life right? you can play other areas of your life safe to give you that shot with BTC.

I don't think that we get only one big chance in our life. There are a lot of chances that could make it heaps better. If you think that way and you think that you already lost your only chance, you are basically setting yourself on losing other chances which may come up in the future and might in fact turn out to be even more beneficial or profitable in the long haul.

chances depending on your struggle, if you are strutting hard you can get more and more chances, therefore we can say that working hard is the key to success.

Positid

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Quote from: kryptqnick on December 14, 2016, 04:04:37 PM

Interesting thought. So those who have a lot in btc don't exchanging it, because thus they protect it from the governmental control? I doubt any government would buy so many bitcoins. It is too risky for their own economical situation in the country, their own currency will fall and the the btc will fall, because it is all theirs.

Why would they buy it, bitcoin is shady in their eyes because it's the favorite of the criminals for illegal transactions and the government does not want to involve in shady transactions but they regulate the law to combat that kind of activity.

kryptqnick

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Interesting thought. So those who have a lot in btc don't exchanging it, because thus they protect it from the governmental control? I doubt any government would buy so many bitcoins. It is too risky for their own economical situation in the country, their own currency will fall and the the btc will fall, because it is all theirs.

tee-rex

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Quote from: Coin-Keeper on December 14, 2016, 03:07:20 PM

I don't consider myself a whale, LOL! I invest a percentage of my long term growth into BTC. There is no amount that I have seen yet (not even close) that would cause me to sell my BTC portfolio. I may even leverage other investments during those times the price dives a few hundred because I stand ready for using "timing" to my advantage. I post this in this thread because you can't answer for a whale unless you know who he is. Big investor, just a luck early adopter, early big mining operator, etc ... ? Depending upon the lifestyle of the "whale" it might become apparent why he is not dumping coins.

Methinks, we could still guesstimate who is a big whale. Early big mining operators are the same as early adopters just because being early means circa 2009-2010 when there hadn't yet been an established market for Bitcoin. Early adopters couldn't buy many bitcoins back in those days, they could only mine the coins themselves. Mt. Gox was launched in July 2010, but it didn't rise to fame at once, I think. In this manner of thinking, big investors also don't pass as really big whales, maybe, only a couple of them such as the Winklevoss twins. Therefore, the big whales are mostly early adopters, and this partially explains why they are not selling their coins. They want to be the new wealthy elite when Bitcoin takes over the world, and their bitcoins become money on their own.

Quote from: Coin-Keeper on December 14, 2016, 03:07:20 PM

What I find amazing along this line of questioning is when I read that 60 % of coins mined have NEVER moved. Don't know if its true, but that amazes me more than whales not dumping coins.

Yes, I also heard this.

Coin-Keeper

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I don't consider myself a whale, LOL! I invest a percentage of my long term growth into BTC. There is no amount that I have seen yet (not even close) that would cause me to sell my BTC portfolio. I may even leverage other investments during those times the price dives a few hundred because I stand ready for using "timing" to my advantage. I post this in this thread because you can't answer for a whale unless you know who he is. Big investor, just a luck early adopter, early big mining operator, etc ... ? Depending upon the lifestyle of the "whale" it might become apparent why he is not dumping coins.

What I find amazing along this line of questioning is when I read that 60 % of coins mined have NEVER moved. Don't know if its true, but that amazes me more than whales not dumping coins.

tee-rex

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Quote from: Wandering Soul~ on December 14, 2016, 11:28:01 AM

Printing cash is not as easy as you think, If printing cash is the solution of poverty or other world problems then why do some country needs to borrow money from the world bank?

Hypothetically speaking, Controlling bitcoin by what OP said is possible but printing large amounts of money will only lose its value more, This is what we called inflation that all countries are trying to avoid .
Read some article about Zambabwe.

You may want to read how the Union government had been devaluing greenbacks during the American Civil War, when they created over 400 million dollars to finance the war. Would that amount to a few hundred trillion dollars today? All countries basically do the same in case of calamities or warfare. And if Bitcoin is to become such calamity in the future, printing a few dozen billion dollars may turn out to be the less evil in the end.

Also, read about the aeroplane money.

chaser15

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Quote from: Sithara007 on December 14, 2016, 06:17:11 AM

The exchange rates are slowly approaching the 4-digit mark. Once that happens, we will witness a lot of people selling all or part of their holdings. $950 - $1,000 is going to be a very tough resistance level for Bitcoin.

I don't see any slow approaches for the desire of 4 digit mark today. It's still far from reality if we are to think directly in reaching the $1000 mark. No way we can boost up directly to a minimum of $1000 mark even we are sitting at the current price today.

For sure many will do some big cashouts/conversions of their bitcoin once the price hits at $900, closely to the price you mentioned. What matters here is, we are on the price that can be considered as a really high price compare back in the time when $500 is considered high price for us. No worries if it doesn't reached the new ATH as long as we are playing at close to $1000 mark.

Wandering Soul~

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Wolf

Printing cash is not as easy as you think, If printing cash is the solution of poverty or other world problems then why do some country needs to borrow money from the world bank?

Hypothetically speaking, Controlling bitcoin by what OP said is possible but printing large amounts of money will only lose its value more, This is what we called inflation that all countries are trying to avoid .
Read some article about Zambabwe .

Topic: Why the big whales are not cashing out? - page 5. (Read 7557 times)