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Bitcoin Forum > Economy > Economics > Speculation > What would happen if the majority cashes out on the block halving?
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Leonius
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May 04, 2016, 05:29:09 PM
 #21
Quote from: gentlemand on May 04, 2016, 05:26:44 PM
There's a very limited amount of money on exchanges and it takes an eternity to get money on there depending on what country you're in. That being the case the price flies down the toilet for a bit until it's no longer possible to actually sell on any exchange.

Maybe this is why the last price bubble took some time to build after the halving.  People who sell out at prices like $800 are going to be sorry when things really get moving.
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BitAurum (OP)
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May 04, 2016, 05:54:41 PM
 #22
Quote from: gentlemand on May 04, 2016, 05:26:44 PM
There's a very limited amount of money on exchanges and it takes an eternity to get money on there depending on what country you're in. That being the case the price flies down the toilet for a bit until it's no longer possible to actually sell on any exchange.
Not all exchanges have a very limited amount of money. Some exchanges even have reserve funds.
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May 04, 2016, 06:00:20 PM
 #23
I'm talking customer money. I'm sure there's plenty hiding on there but if you take the order books at face value it only takes a few thousands coins to be sold for the price to hit effectively zero. Of course you have a few buyers showing up too.
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May 04, 2016, 06:11:38 PM
 #24
Just because majority cash out on block halving doesn't mean there will be a crash. You'll have to see what sell order would be on exchanges by then plus when they sell, the demand won't reduce like some think because someone else is going to buy them so personally can't see much of difference.
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May 04, 2016, 07:03:39 PM
 #25
The majority would not cash out simply because when someone sells, it also makes the price lower. Even if everybody wants to sell at 500 or 450, not everybody could. Price lowers gradually as people sell.
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