Topic: Why the big whales are not cashing out? - page 9. (Read 7529 times)
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.
In my humble opinion, big whales are just true bitcoin lovers. They are not simply holding bitcoins for their benefits but they do not want to collapse the bitcoin prices that is the reason they are not moving even small quality of bitcoins for any reasons. As they are loving bitcoins, we are enjoying big price levels.
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?
your question and your topic header are two different things in my opinion.
there are whales who have been investing in bitcoin and making lots of money from trading it daily and then there are what you are speculating about. for the later i have to say it has always been something that bugged many over the years and never anything bad happens and that is because government gain nothing from crashing the price, bitcoin will still exist even if there is a big price crash and people will continue using it.
We see that big whales don't sell their bitcoins. Maybe, they are selling a little here and a little there, but if some big whale from the top100 cashed out completely, we would feel it and read about it. In my view, the reason why they are not selling their stashes may be related to their fears that governments could monopolize Bitcoin, in whichever way. And I'm asking how plausible that reason is.
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?
your question and your topic header are two different things in my opinion.
there are whales who have been investing in bitcoin and making lots of money from trading it daily and then there are what you are speculating about. for the later i have to say it has always been something that bugged many over the years and never anything bad happens and that is because government gain nothing from crashing the price, bitcoin will still exist even if there is a big price crash and people will continue using it.
I think the whales might have actually learned that it's a bad idea to liquidate everything if you're trying to sell it, as it just causes flash crashes and devalues everyone's investments. Most of them are probably selling right now, just in smaller amounts so they can reap the rewards.
Most will likely be preparing for a trough to come up sometime soon.
Most will likely be preparing for a trough to come up sometime soon.
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?
Printing enough fiat to buy bitcon? That was insane thing to do. Take note of the word inflation and the fact that why government will push on that purpose just because of bitcoin thing. It's not their priority. Why bother to control over bitcoin if they can take such actions on regulating the bitcoin exchanges. And besides they can make their own crypto which is far more wiser way than to become a big whales in bitcoin.
But like I said, with such many problems circulation in every countries financial institution, no way the goverment will focus much on taking over control on bitcoin.
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?
I am not aware of a single law that is worldwide.
I am not aware of a single law that is worldwide.
That doesn't mean that such laws don't exist
The UN Security Council has "the authority to issue binding resolutions to member states". I guess that such resolutions could be loosely construed as international laws applicable everywhere throughout the world. I have heard about a few small countries that are not members of the UN, if I'm not mistaken, but I think we can safely disregard them
Any substantive resolution of the Security Council should be unanimously accepted by its five permanent members. If these members fail to come to a consensus while discussing such a resolution, it gets declined and thus can't be enforced, i.e. doesn't become binding to other member states (the veto power). If the rule gets agreed upon by the permanent members, it will be enforced...
And just in case, Syrian chemical weapons had been destroyed according to the Security Council resolution
So I can't see a resolution baning BTC. But crazy things do happen. Perhaps they would try a ban. In that case I am going to refuse to obey. What are they going to do? Send troops from China to stop me? My own government would also be powerless to stop me. Indeed they have never really stopped me from doing what I want. It would be very easy to get enough people to disobey that a crackdown would simply not be feasible.
Maybe, they would just fire you, for a start?
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 bigest whales could be keep the circulation stable, so they keep their coins. Or could be they've already spending it just listle bit constantly.
However using fiat for purpose to buy bitcoin is ridiculous decision if there are government do this, print fiat means adding the supply, when the demand is less than supply the price decrease, then fluctuation, they will not risking their wealthy for temporary fortune.
... If any misuse is found, the currency would be banned worldwide soon.
How?I am not aware of a single law that is worldwide.
That doesn't mean that such laws don't exist
The UN Security Council has "the authority to issue binding resolutions to member states". I guess that such resolutions could be loosely construed as international laws applicable everywhere throughout the world. I have heard about a few small countries that are not members of the UN, if I'm not mistaken, but I think we can safely disregard them
But crazy things do happen. Perhaps they would try a ban. In that case I am going to refuse to obey. What are they going to do? Send troops from China to stop me? My own government would also be powerless to stop me. Indeed they have never really stopped me from doing what I want. It would be very easy to get enough people to disobey that a crackdown would simply not be feasible.
... If any misuse is found, the currency would be banned worldwide soon.
How?I am not aware of a single law that is worldwide.
That doesn't mean that such laws don't exist
The UN Security Council has "the authority to issue binding resolutions to member states". I guess that such resolutions could be loosely construed as international laws applicable everywhere throughout the world. I have heard about a few small countries that are not members of the UN, if I'm not mistaken, but I think we can safely disregard them
You say that Satoshi has lots of bitcoin, can someone paste a link here showing us how many bitcoins does Satoshi Nakamodo have?
The exact figure remains unknown but the ~1M bitcoins estimate comes from this analysis
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 more money the government prints the less the value of that currency will become so it's not a good idea because the value of bitcoin would be increased.
You say that Satoshi has lots of bitcoin, can someone paste a link here showing us how many bitcoins does Satoshi Nakamodo have?
... If any misuse is found, the currency would be banned worldwide soon.
How?I am not aware of a single law that is worldwide.
The only way they can make it illegal is to make an international law that every country in the world would approve. I don't think this would happen, bitcoin will simply coexist with real world fiat economy from my point of view.
It's already illegal in few countries and hence it wouldn't be impossible for all countries to follow the same route. Taxes would be applied by USA and UK as they are already keeping track of bitcoin users and they are working on those
exchanges too to see how the currency is being used online. If any misuse is found, the currency would be banned worldwide soon.
because it's better to wait at this poit, they know this, if you were to ask the same question when bitcoin price was much lower, they would have done a mistake, also it's not very convenient for them to cash out a big amount of bitcoin, because big amount of taxes should be payed then
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?
Both alternatives can be happening. The big whales can be the nice investors or the government men. The nice investors can be holding the bitcoin to prevent the government men to buy all and start commanding the bitcoin market.
The government men can have the biggest part of bitcoins and are using this to command what will happen with the bitcoin market, maybe China, why not? Strange things happen sometimes with bitcoin price, who knows if they have influences over it?
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?
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.
Ah the mythical whale who's evil plan is to either buy all the coins or crash the market with a huge sale at rock bottom prices. Here is why that is not going to happen.
If the whale tries to buy all the coins he will drive the price ever higher. He can't actually just buy them. He must make a deal with every person on the planet who holds BTC. To make it worse, he doesn't even know who those people are. Good luck.
Now let's say he does manage to buy a million coins for his evil plan to cause a panic. When he sells them all for a penny a piece he is going to lose huge sums of the money. It will cause a crash as long as he is selling. But when he is out of coins there is nothing to keep the price from creeping up again, and he has gained nothing.
So here is a spoiler alert. Wealthy people did not become wealthy by acting in a foolish and illogical way. They know the story of the goose that lays golden eggs and are not going to wast their time and money killing something they could profit from. Only an "evil" whale, who cares nothing about profit, who only wants to destroy the price would do this. Even then it would be a temporary event.
Why?
If the whale tries to buy all the coins he will drive the price ever higher. He can't actually just buy them. He must make a deal with every person on the planet who holds BTC. To make it worse, he doesn't even know who those people are. Good luck.
Now let's say he does manage to buy a million coins for his evil plan to cause a panic. When he sells them all for a penny a piece he is going to lose huge sums of the money. It will cause a crash as long as he is selling. But when he is out of coins there is nothing to keep the price from creeping up again, and he has gained nothing.
So here is a spoiler alert. Wealthy people did not become wealthy by acting in a foolish and illogical way. They know the story of the goose that lays golden eggs and are not going to wast their time and money killing something they could profit from. Only an "evil" whale, who cares nothing about profit, who only wants to destroy the price would do this. Even then it would be a temporary event.
Why?
Does anybody know who those whales are?
Because, maybe they all did already cash out their coins, and none of them is left over to do that anymore.
It would actually be not a bad thing in my opinion, if bitcoin would be spread consistent over the bitcoin community.
Nobody should have a too big influence.
Because, maybe they all did already cash out their coins, and none of them is left over to do that anymore.
It would actually be not a bad thing in my opinion, if bitcoin would be spread consistent over the bitcoin community.
Nobody should have a too big influence.
Printing a lot of money would make the value or rate of the money itself decreasing and will happen fluctuation. Fiat is now working on demand - supply, so if the supplies were just too much, the value would be decreased. Making money is not that easy, and that's why the country would prefer to take a loan from another country and not to print the money themselves
Heard of quantative easing?
They have printed alot more than $12b, global QE currently at around $12.3 trillion and counting
Jump to: