Why the big whales are not cashing out? - page 6.

tee-rex

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Quote from: Sithara007 on December 14, 2016, 06:49:14 AM

Quote from: virtualkeybuyer on December 14, 2016, 06:27:38 AM

owner of microsoft and facebook also have a high amount of their money invested in bitcoin

Do you have any evidence for this? Mark Zuckerberg, the owner of FaceBook has always taken a negative stance towards Bitcoin. Same with the Microsoft owners as well. Had they taken a positive stance, then Bitcoin would have been accepted in far more websites and shops by now.

Some time ago I heard some dude claiming here that Microsoft had been accepting bitcoins for their services, or some of their services. But I didn't see it myself nor did I see any links proving that. There were also rumors that a certain beta-tester purportedly saw Bitcoin as a payment option in one of the alpha releases of an application he had been testing. But that option was gone in the next release. Take it for what's it worth.

aapk

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Just to make sure - governments (or the financial institutions) don't really print money in it's literal sense. They stopped doing this a long time ago. The system is much more complicated but basically money is "generated" just by typing in the amount of it in a computer.

Sithara007

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Quote from: virtualkeybuyer on December 14, 2016, 06:27:38 AM

owner of microsoft and facebook also have a high amount of their money invested in bitcoin

Do you have any evidence for this? Mark Zuckerberg, the owner of FaceBook has always taken a negative stance towards Bitcoin. Same with the Microsoft owners as well. Had they taken a positive stance, then Bitcoin would have been accepted in far more websites and shops by now.

virtualkeybuyer

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They are not cashing out because they are whales not only in bitcoin but in other fields of life businesses like the owner of microsoft and facebook also have a high amount of their money invested in bitcoin and for their needs they do not require to cashout their bitcoins so they are waiting for the time when bitcoin will be the champion of currencies and businesses.

Sithara007

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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.

tee-rex

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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.

bitjoin

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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.

NUFCrichard

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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. I am well into profit and I have had all of my coins for over 1 year so can sell tax free.
If I need some fiat, I will sell. I wouldn't sell for fiat if the price was $200. I won't buy now, but if it was $200 for BTC I would.

People sitting on huge piles of Bitcoin from mining years ago should be wealthy now. If they are living at home and from paycheck to paycheck so that they can hold their BTC, that is stupid.
I would assume that they have already done pretty well out of Bitcoin, are at least quite well off, own a house and car, have no debt, can vacation regularly etc.

Now they have no real need to sell, so hold in the hope of further appreciation.

tee-rex

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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.

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Quote from: Ayers on December 12, 2016, 12:11:45 PM

Quote from: fudster on December 12, 2016, 11:26:05 AM

bigwhales had already cashed out after they bought plenty of zcash Cheesy

they are dumping back zcash to buy bitcoin, take a look at coinmarketcap, there is not a single alt that is not dumped, and guess where all thtat dumping go? to bitcoin, another reason why the price is skyrocketing

Yeah i got that point. Every bitcoin price rising those altcoins are always getting dumped and no matter how much the current marketcap and how strong the communities or popular it's they can't avoid to be dumped and it's seems that those traders are only being active to trade altcoins when the price of bitcoin are quite low. when it's high then they will seek for profit on bitcoin margin trading first

NUFCrichard

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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)

Positid

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They are not cashing our because they treat this as a business and want to continue earning. It's easy to understand, one time big time does not apply here, they are reach and they have different mentality from us.

JamesColombia

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Quote from: salmanahmedone on December 11, 2016, 12:37:51 PM

Quote from: NetFreak199 on December 09, 2016, 09:00:44 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, that is why big whales remain big whales because they know when to attack the bitcoin ,how they play with it in their hands, but for sure some of their money is in investment for more money to come and income generate.

They are not with a reason big whales, they will only cash out on a very good price most likely over the 1000 dollar they will.

Superways

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The answer which came to my mind is that they do not sell their coins because they know about the future of bitcoin and they know that in the future its value will increase much higher and if they will keep their coins for more longer then they will be millionaire with their bitcoins. It is a chance for them to be the most wealthy persons of the world with their bitcoins.

Ayers

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Quote from: fudster on December 12, 2016, 11:26:05 AM

bigwhales had already cashed out after they bought plenty of zcash Cheesy

they are dumping back zcash to buy bitcoin, take a look at coinmarketcap, there is not a single alt that is not dumped, and guess where all thtat dumping go? to bitcoin, another reason why the price is skyrocketing

tee-rex

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Quote from: Betwrong on December 12, 2016, 11:45:04 AM

Quote from: tee-rex on December 11, 2016, 05:42:02 AM

They could just go after a few exchanges or dark markets and grab the coins directly, like they did with the Silk Road operation. These actions would cause the price to plunge, and that is the perfect timing to start buying up Bitcoin if they were really into this. The FBI was auctioning the bitcoins they took from Ross Ulbricht, but how can we be sure that these auctions were not Illusory transactions to make us believe that the government is not really interested in taking Bitcoin under control?

We can't be sure 100% in anything, but we can use logic and thus make assumptions which more or less make sense. What they sold (or were pretending they are selling it like you said) was the amount of BTC which is below 50,000. If someone wants to "take Bitcoin under control" that amount would be insignificant for that purpose.

Of course, it won't be enough, but if I remember correctly, they auctioned more than 144,000 bitcoins in total, which they had seized from Ross Ulbricht in 2013. But if they were selling these bitcoins to themselves, we might as well expect them to buy bitcoins directly in the markets, for example, after panic attacks as it happened with the Bitfinex hack. I'm not going to say that they provoked these panic sellings or stole Bitfinex bitcoins, but who knows?

Whenever shit happens, blame the government, and you won't be wrong.

Betwrong

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Quote from: tee-rex on December 11, 2016, 05:42:02 AM

Quote from: Betwrong on December 11, 2016, 05:30:51 AM

Quote from: just_Alice on December 08, 2016, 11:30:37 AM

Quote from: tee-rex on December 08, 2016, 03:53:01 AM

That question has always been intriguing me. Reading about possible control over Bitcoin by the government, I thought about the ways how they could actually do it. One idea that came to my mind was to print enough fiat to buy all bitcoins existing and get done with it for good. But then I recalled about the top Bitcoin holders including Satoshi himself keeping their coins, and it struck me that they might not be selling their stashes just because of this, for the fear that government could easily buy up all bitcoins that are traded and turn into the biggest whale itself.

How likely is that?

Even printing out unlimited sums of fiat will not make it possible to buy all Bitcoins and that is so not because the guys like Satoshi will hold theirs, but because of the exponential rising of the price in a case of massive buying. So trying to buy all the Bitcoins they will do only good for Bitcoin.

I agree. We were witnessing something like that in the December 2013 - February 2014 period. It wasn't one person or several big whales responsible for the rise but rather many newcomers to the Bitcoin world, but the picture we had was very similar to what would happen if a government would try buy all Bitcoins.

They could just go after a few exchanges or dark markets and grab the coins directly, like they did with the Silk Road operation. These actions would cause the price to plunge, and that is the perfect timing to start buying up Bitcoin if they were really into this. The FBI was auctioning the bitcoins they took from Ross Ulbricht, but how can we be sure that these auctions were not Illusory transactions to make us believe that the government is not really interested in taking Bitcoin under control?

We can't be sure 100% in anything, but we can use logic and thus make assumptions which more or less make sense. What they sold (or were pretending they are selling it like you said) was the amount of BTC which is below 50,000. If someone wants to "take Bitcoin under control" that amount would be insignificant for that purpose.

fudster

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bigwhales had already cashed out after they bought plenty of zcash Cheesy

tee-rex

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Quote from: Doamader on December 12, 2016, 09:01:47 AM

Why would whales cash out, even if they hade made 300% from their investment? Bitcoin will get more halvings, and price of bitcoin its expected to reach 1000 dollars, and in the near future keep stable and cross the last big mark bitcoin had, maybe for some people those will be enought, but whales does makes a life with bitcoin, soo until they reach their goal they wont left and drop their coins.

I don't think it is a correct approach to what superwhales might be thinking. if they had been actually thinking like you assume. they would have cashed out long ago. Obviously, they are in Bitcoin not for profits which are measured in dollars. They might be waiting till Bitcoin is being used as a currency, and then they will turn from old superwhales into new superich. After that, they would be able to enjoy the life as only true deep pockets can, and they will do it with bitcoins and not dollars.

Doamader

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Why would whales cash out, even if they hade made 300% from their investment? Bitcoin will get more halvings, and price of bitcoin its expected to reach 1000 dollars, and in the near future keep stable and cross the last big mark bitcoin had, maybe for some people those will be enought, but whales does makes a life with bitcoin, soo until they reach their goal they wont left and drop their coins.

Topic: Why the big whales are not cashing out? - page 6. (Read 7587 times)