I have a feeling that there is 100s of people with more then 40k of bitcoins... They decided to cash out and probably had a goal to get so much. A real goal. Once they saw that goal was in sight.. Sell. The timing can be debated but i am not sure relevant.
Well, there can currently be a maximum of 263 people with 40k bitcoins. I'm not a betting man, but if I was I would bet the amount is actually a small percentage of that. Do you really believe that out of a maximum of 263, at least 200 (which would be required for "100s") hold 40k?
put it this way. i told a bitcoin user how to restore their wallet backup of 40+K in coins and the tip was to use rescan.
i was given 100 btc for this. that is how they roll. 1000 dollars for some tech assistance that took 10 minutes. anecdotal evidence, yes,
but i KNOW they are out there. not some nerd IT person who knows bitcoin from the early time frame.. but someone who has a lot
of coins.
maybe saying hundreds was not the best way to put it. but they are out there and they have large amounts of coins.
so redo the math with 12K of coins... and it opens up the possibility of a lot of people. and they have no problem throwing them around.
bitcoin users are generous, this is why you sell every bit of coin you mine? really?
i am unclear what generosity has to do with me selling every btc i mine. i doubt i have 10 btc left in my wallet at the moment. i sell
every time, all the time. that is what i set out to do from day one. it was my goal. not to speculate by holding a baby digital currency.
if i would have bought btc when i first started mining instead of buying hardware, lol, i would so be in the hole right now. my first btc
was being sold around 17-20 if i recall correctly.
but this thread is about why someone would dump 12k+ all at once. i think a lot of players in that range do not think about a thousand
here or a thousand there. we do. so that is why we have threads like this. we do not get it.
