panic selling

[pearl11]

What if somebody will make a huge dump and sell it all the way to earn some profits because of this rally in bitcoin,and someone sees it and do that same thing. Is there any effect on bitcoin when someone to this,?

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[sbtctalk]

You can trust the Chinese in China to continue buying up the coins and driving up demand.

[abhi777]

The value of btc will drop if this happens like a regular stock market crash

[longbob72]

You would get a clearer answer if you specify the amount of bitcoin which are going to be sold. "Huge" can be anywhere from 1000BTC to 1MBTC. The former won't even move the market while the latter will likely result in a substantial drop on the price.

[mindrust]

If there is not a bad event to make everybody panic than no, that 1-guy-panic-sell won't affect anybody's thoughts.

On the contrary, that single man dump will be filled up with the buy orders and price will be the same as before.

Only if there is a rumor/fact like a mass hacking/banning news or smth like that can make everyone to dump their coins.

[BitcoinHodler]

What if somebody will make a huge dump and sell it all the way to earn some profits because of this rally in bitcoin,and someone sees it and do that same thing. Is there any effect on bitcoin when someone to this,?

you are describing panic selling yourself!

when such thing happens usually weak hands (newbies) start selling as soon as they see price going down then it starts a chain of events which leads to more sells.

but the effect depends on the cause of the panic sell and it is usually small and at worst case scenario it is only $50 reduction of price.

[randy8777]

whales have enough buying power to make the price go up again, unless stop loss orders getting activated after each other making the price tank heavily. it happened once at btc-e when some one dumped around 10,000 coins at once with a flash crash as result. those that had open buy orders at very low price levels made themselves a good amount of profit in a matter of seconds as the price climbed back up directly.

[AsaroUk]

Selling will be now not the best thing that you can do and that is because the value is not even that high now and that have to change because the value of Bitcoin is now rising slowly.
And many people are now holding it for a long time because they see that the value of the Bitcoin is rising slowly and that the halving is also coming.

[spazzdla]

You can trust the Chinese in China to continue buying up the coins and driving up demand.

This is a problem..

[sbtctalk]

You can trust the Chinese in China to continue buying up the coins and driving up demand.

This is a problem..

It is a problem because a concentration of bitcoin in one area defeats the purpose of decentralisation?

[~Bitcoin~]

Man bitcoin market is open to everybody and isn't controlled by central body so everybody can sell whatever bitcoin they have at any price they are happy with. But there are also buyers who see potential rise in price and buy those coins sold by weak hands. This happen in all day trading, you seem new to bitcoin trading.

[Dr.Osh]

if everyone who has a bitcoin sell bitcoin them simultaneously for panic prices will fall again recommend that you think about it, because if it is carried out is likely the price of bitcoin is going down, you should if you want to sell bitcoin, do it bit by bit, you might be able to do while waiting for prices to rise

[wuvdoll]

Oh no don't worry if there comes a panic selling because it only means that there are more coins available to the market and more coins for the bigs to buy. Panic selling and the price drops? There's even more panic buying because they'll be thinking that the price would go up.

[gentlemand]

I recall a 30,000 coin dump in one go on Bitstamp. It certainly put a dent in things but rebounded quickly. There's a lot more dollars than coins out there.

[sbtctalk]

I recall a 30,000 coin dump in one go on Bitstamp. It certainly put a dent in things but rebounded quickly. There's a lot more dollars than coins out there.

That is good to know thanks for letting us know.

[gentlemand]

Obviously it's also going to depend on how buoyant the market is feeling in general. If things are gloomy then it might put a dampener on things for a while. If it's bursting with confidence then a dump would be gobbled up without blinking.

[rio3233]

What if somebody will make a huge dump and sell it all the way to earn some profits because of this rally in bitcoin,and someone sees it and do that same thing. Is there any effect on bitcoin when someone to this,?

I don't think 1 whale player can make a huge dump, but if many whale player do this together, it will affect on bitcoin and the price of bitcoin but i think they will not do it for now.

[Junko]

What if somebody will make a huge dump and sell it all the way to earn some profits because of this rally in bitcoin,and someone sees it and do that same thing. Is there any effect on bitcoin when someone to this,?

I'm sure this is the plan for many people. It has happened many times before with other rallies in the past and will happen many more times in the future with subsequent rallies. Dumpers dump, the price plummets, people buy, including the ones who originally dumped and the price goes back up.

[BitcoinPaw]

It's not right time to sell bitcoins, only if you scared that price will drop when halving comes, but i don't really believe that could happen. Better to hold right now.

[bitkilo]

I recall a 30,000 coin dump in one go on Bitstamp. It certainly put a dent in things but rebounded quickly. There's a lot more dollars than coins out there.

Yeah i remember that too, can't remember what the markets did afterwards though.

I think there is probably more panic buying than selling going on at the moment.