Why the big whales are not cashing out?

[tee-rex]

Big whales can't cashout without dropping the price to single digits. The market isn't large enough to offset significant sell offs. You'd have to sell coins at a slow trickle for months and months to safely cashout.

But that doesn't mean that they can't cash out, right? Since we don't see price falling to single digits as you assume it means either that they are not massively cashing out or that they in fact do but it doesn't affect the price so much. If you ask me, some of them might decide to cash out at the end of the day, and some of them should have done exactly that already, for example, because of contingency or similar unforeseen events. It could also be that there are no big whales as such, apart from 1M bitcoins held by Satoshi himself, or they have simply lost their keys.

One of the greatest things about bitcoin is that you can't know it for a fact if there are the so-called whales or not. Surely there are those who are heavily invested in bitcoin. Needless to say they are also aware of bitcoin's liquidity levels that are still pretty low, so a massive sell-off will most likely push the price downward and this is, obviously, not something they are interested in, at least for now.

I've seen a detailed list of top Bitcoin holders somewhere in the forum with an approximate amount of bitcoins each of them holds. Of course, some of them might have lost the keys from their wallets. But that alone doesn't take anything from the fact that big cryptowhales do exist, and they hold a very large percentage of bitcoins mined till now. I will post it here if I find this list.

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[ubitcoin]

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

There are various reasons for discussing the topic, but to my knowledge and analysis there is a lot more potential in the bitcoin. Currently people are getting benefits and the big whales have a much better approach to the understanding of market. They know about the bitcoin high scope of business yet is not over.

[Pitchblackroom]

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

There are various reasons for discussing the topic, but to my knowledge and analysis there is a lot more potential in the bitcoin. Currently people are getting benefits and the big whales have a much better approach to the understanding of market. They know about the bitcoin high scope of business yet is not over.

As this user has pointed out, whales do see value in investing in Bitcoin for the far future. Regardless of what the government does to control bitcoin, it is still a speculative commodity that is used for trade. The government trying to put controls on it (which it already has done with people having to report Bitcoin assets on their tax returns) may slow some growth in the short run but not change anything in the long run. Unless Bitcoin is "banned" which seems rather far fetched, there are only stoppages in the short run not the long run.

[aardvark15]

There is still a big upside to the price of Bitcoin. Most whales will hold until the price gets into the thousands before they cash out.

[coolcoinz]

There is still a big upside to the price of Bitcoin. Most whales will hold until the price gets into the thousands before they cash out.

Exactly! Whales have already enough money because they were rich long before Bitcoin, or they have a steady job, a place to live and treat crypto as an alternative. Many people cash out big or let it burn. A friend, who is a much bigger holder than me, told me he's not selling, because the opportunity is too big to simply take those $700 or 800 a coin and forget about it when you can take $2000 a coin in a couple years.

[Doamader]

This week just show why no one neither big whales does wanna to cashout now, since all does believe price will get higger and better over time, soo if they can make 5-10x their investments back im pretty sure they will hold till they give up and dump their coins.

[rajasumi3]

Big whales are not cashing out of the following reasons
-they want to make profit a lot .
-they think that by possesing bitcoins they Will be the most powerful people in the world.

[gentlemand]

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.

How many coins are on all the exchanges for sale right now? At a guess it's tens of thousands. That leaves 15.9 and a bit million coins to prise out of the hands of everyone else. There'd be enough bloody minded people to charge 1 trillion dollars per coin.

[Cactushrt]

There is still a big upside to the price of Bitcoin. Most whales will hold until the price gets into the thousands before they cash out.

You're right. Big whales are waiting bitcoins will become pricey maybe $2000 so maybe they will cash out 3 years from now and they are willing to wait bro.

[Positid]

There is still a big upside to the price of Bitcoin. Most whales will hold until the price gets into the thousands before they cash out.

You're right. Big whales are waiting bitcoins will become pricey maybe $2000 so maybe they will cash out 3 years from now and they are willing to wait bro.

We don't know what exactly the whales are thinking, only certain we know is that they are in bitcoin to make money, so there's no specific price that would make them sell their bitcoins, it is just their timing on what they are doing.

[dhampir-D]

One of the reason is that they probably know that in the future there are great chances for better profits. If they are in crypto long enough, they know the potential of Bitcoin, and we have seen only a fraction of this so far.
Also, they probably don't need to do this now... perhaps some of them have already sold many Bitcoins over the past few years, so it's possible they already have enough money to live.

[tee-rex]

One of the reason is that they probably know that in the future there are great chances for better profits. If they are in crypto long enough, they know the potential of Bitcoin, and we have seen only a fraction of this so far.
Also, they probably don't need to do this now... perhaps some of them have already sold many Bitcoins over the past few years, so it's possible they already have enough money to live.

We can't know what's in the future, and neither can big whales. We can only hope that the potential that Bitcoin has won't be wasted in the coming years due to exchange hacks, governments bans and similar things. Regarding whales already having sold their coins, they must have been selling when the price collapsed from $1,200, and some of them seem to have just lost their stashes at Mt Gox.

[LuanX3]

Probably they are waiting for the price to sky rocket and be sky high. Probably there would be more people cashingout before the end of the year as prices might hit $1,000 before the year's end. So maybe we should watch out for that sudden increase that would make these whales sell their bitcoins. If that happen we might see a great drop too.

[Xenophoto]

One of the reason is that they probably know that in the future there are great chances for better profits. If they are in crypto long enough, they know the potential of Bitcoin, and we have seen only a fraction of this so far.
Also, they probably don't need to do this now... perhaps some of them have already sold many Bitcoins over the past few years, so it's possible they already have enough money to live.

Honestly, there's no reason for them to cash out right now anymore. Ask yourself, if you had sufficient fiat money to live a meaningful and wealthy life, why would you convert your bitcoins into fiat right now. Maybe if you're trying to play with the price fluctuations, then you'll sell some of your coins right now but not all of them. Even though I am not a whale, I'm not going to cash out right now too because I don't really need money. The longer we wait, the better time it would be to cash out because bitcoin increases over time.

[tee-rex]

One of the reason is that they probably know that in the future there are great chances for better profits. If they are in crypto long enough, they know the potential of Bitcoin, and we have seen only a fraction of this so far.
Also, they probably don't need to do this now... perhaps some of them have already sold many Bitcoins over the past few years, so it's possible they already have enough money to live.

Honestly, there's no reason for them to cash out right now anymore. Ask yourself, if you had sufficient fiat money to live a meaningful and wealthy life, why would you convert your bitcoins into fiat right now. Maybe if you're trying to play with the price fluctuations, then you'll sell some of your coins right now but not all of them. Even though I am not a whale, I'm not going to cash out right now too because I don't really need money. The longer we wait, the better time it would be to cash out because bitcoin increases over time.

I basically agree with your opinion. I for one think along the same lines mainly. On the flipside side, though, if I lived a meaningful and successful life beside Bitcoin and still had thousands of them in my wallet, I wouldn't let them sit idly there. Of course, it doesn't mean that whales should necessarily get engaged in speculation and such things, they might not like this in the first place, but simply keeping bitcoins without doing anything about them seems really stupid to me.

[buwaytress]

Simply because whales in crypto, just like whales in fiat, tend to store, hoard and grow their wealth. Crypto whales aren't the bright eyed blockchain advocates we might think they are. They're in it for the profit and want to be in a position of profit for a long time.

[tee-rex]

Simply because whales in crypto, just like whales in fiat, tend to store, hoard and grow their wealth. Crypto whales aren't the bright eyed blockchain advocates we might think they are. They're in it for the profit and want to be in a position of profit for a long time.

I like the way you put it, but being always in a position of profit for a long time is only possible if Bitcoin price continuously grows and grew in the past. But we witnessed how the price collapsed after Mt.Gox had gone bankrupt. Some whales have lost their fortunes there, and those who wanted to be "in a position of profit" should have cashed out already when the price went over $1,000 per coin. Therefore, such cryptowhales should have been sifted away already, and the ones that remain are not here for profits or for profits exclusively.

[Chevas Regal]

Quite interesting topic, what i feel is that people love appreciating their assets not devaluating it, so this could be one of the reason why they re not cashing it out.
I have been buying lisk all the time even if the price is dammn high or it is fucking low like now.

[lionheart78]

Simply because whales in crypto, just like whales in fiat, tend to store, hoard and grow their wealth. Crypto whales aren't the bright eyed blockchain advocates we might think they are. They're in it for the profit and want to be in a position of profit for a long time.

I like the way you put it, but being always in a position of profit for a long time is only possible if Bitcoin price continuously grows and grew in the past. But we witnessed how the price collapsed after Mt.Gox had gone bankrupt. Some whales have lost their fortunes there, and those who wanted to be "in a position of profit" should have cashed out already when the price went over $1,000 per coin. Therefore, such cryptowhales should have been sifted away already, and the ones that remain are not here for profits or for profits exclusively.

No i don't think cryptowhales already left cryptoscene.  Maybe they are wiser today than way back 2013.  They had learned their lesson when majority of them cashed out and see bitcoin price got a steep dived from that action.  In my opinion, they had been cashing out but not in bulk .  Would you destroy the value of your holdings?  Of course no.  So they maybe slowly selling their holding to not affect the price of bitcoin.

[tee-rex]

Simply because whales in crypto, just like whales in fiat, tend to store, hoard and grow their wealth. Crypto whales aren't the bright eyed blockchain advocates we might think they are. They're in it for the profit and want to be in a position of profit for a long time.

I like the way you put it, but being always in a position of profit for a long time is only possible if Bitcoin price continuously grows and grew in the past. But we witnessed how the price collapsed after Mt.Gox had gone bankrupt. Some whales have lost their fortunes there, and those who wanted to be "in a position of profit" should have cashed out already when the price went over $1,000 per coin. Therefore, such cryptowhales should have been sifted away already, and the ones that remain are not here for profits or for profits exclusively.

No i don't think cryptowhales already left cryptoscene.  Maybe they are wiser today than way back 2013.  They had learned their lesson when majority of them cashed out and see bitcoin price got a steep dived from that action.  In my opinion, they had been cashing out but not in bulk .  Would you destroy the value of your holdings?  Of course no.  So they maybe slowly selling their holding to not affect the price of bitcoin.

But the whales of today are not the same whales as of 2013, so there is no way to say if they actually learned anything. The 2013 whales did basically nothing to acquire their bitcoins, they were just lucky to be in the right place at the right time. We would call them early adopters. The second generation whales like Winklevoss bros had to buy their stashes, therefore they are certainly different and more experienced in finances.