Topic: Why the big whales are not cashing out? - page 8. (Read 7564 times)
They keep in holding it because maybe they want to control the price of bitcoin. They know about their doing so that nothing to worry because i know they keep it to increase the price of bitcoin this coming years.
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. They just keep it and wait until the value of bitcoin rise.. and some other make it into business but into bitcoin too.,
This may be the case. I daresay they have to resist most seductive temptations that are ever possible. Many of these big holders seem to be early Bitcoin adopters anyway, so they walked all the way up and down with Bitcoin. It would be interesting to hear from them, what they have to say in regard why they are not spending their coins. Does anyone have a link to an interview with one of them which throws some light on the matter?
They just keep it and wait until the value of bitcoin rise.. and some other make it into business but into bitcoin too.,
There is no reason to print fiat money to buy bitcoins. The governments in cooperation with banks will create their private block chain systems with their own crypto currency. Already such an idea has implemented by an Estonian bank LHV the largest independent Estonian bank was the first bank to experiment with a kind of programmable money €100,000 worth of cryptographically-protected certificates of deposits. http://www.cuber.ee/en_US/news/
Some of them may have lost their private keys - good for the rest of us 
That is wishful thinking.
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.
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
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?
How likely is that?
That may be quite unlikely as it would have to be separate governments buying the Bitcoins. If somewhere like Riussia started to buy bitcoin on a large scale then the US may attempt to buy a greater amount in order to remain more powerful than the russian government.
If the governments buys bitcoins then they can do very little with them other then just hold or sell them, meaning that the price of bitcoin for everyone else would go up as there are fewer bitcoins in circulation.
Some of them may have lost their private keys - good for the rest of us
whales are not cashing out because bitcoin is extra bull right now
No, the government can't just print out fiat and then buy bitcoin or something, by printing more fiat it going to cause inflation in the country, it is going to make the value of the fiat to go down, and if the value go down to sharp all the economic will falter, so the government can't just buy bitcoin and the control bitcoin and besides of that if the government bought bitcoin it's going to mean that the government already accepted bitcoin as the currency
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.
If they wanted to do something like that, they would need a lot more money because prices would skyrocket instantly if someone or some entity started to buy up bitcoins. But it wouldn't matter in the end just because they could print as much money as might be required to get a controlling stake in Bitcoin.
Well if that happen that someone will try to control bitcoin,and for example it will become expensive then it is a signal for another altcoin to become mainstream and shine.Since people will have difficulty to owed a bitcoin, tendency is that they will be using altcoin and there are many options.
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Re: Why the big whales are not cashing out?
If it happens, surely it will pull the bitcoin price downward, it will affect it but i think it will recover faster. Or, as one suggested the whales are slowly selling their bitcoin without our knowledge as someone suggested.
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?
How likely is that?
The government to buy all bitcoins and turn into the biggest whale?Really?
If the government becomes the biggest bitcoin holder,nobody will use btc anymore and btc price will
be close to zero.
Obviously, they don't need to buy all bitcoins that are currently traded. And maybe there is not much sense in doing that just because there is already a short list of Bitcoin holders who have hoarded many millions of bitcoins. That said, government may be specifically looking for such an effect with the purpose of making Bitcoin utterly useless, but certainly not today.
I dont think about it. Imo its just they want to have more btc to hold. Rich wanted to become more richer and thats a common in this world. Also they wouldnt want the price to fall to bottom again. They have invested so much time and money on that thing.
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?
How likely is that?
The government to buy all bitcoins and turn into the biggest whale?Really?
If the government becomes the biggest bitcoin holder,nobody will use btc anymore and btc price will
be close to zero.
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?
How likely is that?
Do you know that there is a limit as to how much fiat currency a government can produce. If it is possible to produce or print fiat money according to the whims of the government then all schools, hospital, food should be free but it isnt. There are policies that the central bank must follow including the conditions and requirements as to the limit of producing fiat currency. And that is why your theory is not possible.
Aeroplane money, no? The whole Bitcoin market cap is around $12 billion, the price is staying above $750 per coin, and we don't know who buys all these bitcoins at that price. It may be the Chinese dudes or it may be the Chinese government liquidating their stack of the US Treasuries, which amounts to over a trillion dollars, by the way.
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?
How likely is that?
Do you know that there is a limit as to how much fiat currency a government can produce. If it is possible to produce or print fiat money according to the whims of the government then all schools, hospital, food should be free but it isnt. There are policies that the central bank must follow including the conditions and requirements as to the limit of producing fiat currency. And that is why your theory is not possible.
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?
Any government or big banks can easily buy all the bitcoin currently in supply, there will be lots of hurdles for them to do this but this doesn't mean it is impossible. Also i don't see any incentive government/bank will have doing this.How likely is that?
Satoshi himself and many other big holders seems holding their bitcoin quite tightly not because of fear you have mentioned for sure. Talking about satoshi he will not move any single bitcoin from his known addresses because that can destroy whole bitcoin market due to fear and talking about other big holders they are just holding it as good investment. Some of them keep on cashing out profit which can't be noticed from outside because that amount is really low to make any significant move on market.
And why the he*l any government will do that to clean up bitcoin out of market, I don't think so.
We would be fine as long as bitcoin doesn't harm financial economics of the countries.
How to shutdown the Bitcoin network? Anyone with enough resources could muster up enough hashpower to effectively launch a 51% attack and cripple the Blockchain. One could hijack the Bitcoin core team and force them to alter the code. One could outlaw Bitcoin and jail every single professional miner in the country. One could crash the market and make all holders sell their coins and quit. The list could go on and on.
The world order lets Bitcoin fly right now because it's not such a big threat. Yet.
They can always pull the switch and no one can stop them.
All we want is that bitcoin price will go up high.,so the big whales too. And thats the reason why some of the big whales do not cash out or they are waiting for the right time,and when that time comes, huge dump could be the next.
Maybe the whales are not cashing out yet is because they know bitcoin's value will keep rising until the end of the year. Maybe they have some infos that it is not the right time yet to convert their bitcoin. So we should not convert also. So all of us will gain big profit if we convert our bitcoin into higher price.
This logic is flawed. Most of the top Bitcoin whales are early adopters who mined or bought their bitcoins in 2009 through 2012. If they didn't sell out when the price was at ATH in December 2013 above $1,100 per coin, why would they wait till the end of the year? It is unlikely that the price will jump over $1,000 in the remaining weeks of this year.
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