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Author Topic: Why the big whales are not cashing out?  (Read 7348 times)
tee-rex
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December 30, 2016, 02:09:40 PM
 #201

Now you're being disingenuous.

I was replying to your answer to the quote:

"I do believe those whales of bitcoin are investing into some altcoins at the moment, since the most great altcoins are getting a lower value as the price of bitcoin keeps growing, one of them it eth, it had lost 200-400k value on the last days, soo im pretty sure a pump at some good altcoins will happen soon, as the bitcoin value should drop once again, and if not people will pump the altcoins as always they do."

(which you snipped from your last reply).

You were saying that Im only referencing traders with a few bitcoin, not whales.

Then you snipped my reply to exclude the edit (done immediately after posting)

edit: also as mentioned above, some big holders move into altcoins, at least in part. Monero or Eth for example. Not because they don't want fiat or are waiting for bitcoin, but because alt run ups provide massive profits. Again, look at the ICO price of ETH and its high.

ETH and Monero are examples of large bitcoin holders diversifying into Alts. Risto is a bitcoin whale and he was heavily involved in Monero iirc. edit: some believe anonymity / privacy are important features, enough to invest in anyway

You may not see any plausible reason to get into alts over bitcoin. Im also a holder and don't trade much. But to say that bitcoin whales don't go into alts is flat out wrong. The 'HODL' bitcoin meme is great and has proven very successful over time but doesn't mean everybody ascribes to it.

I'm just trying to keep the thread clean and tidy, there is no evil intent as you might think. Just like you believe that Bitcoin whales are investing their bitcoins into altcoins, I'm not believing in that very much. It is just a matter of opinion really. But I tried to support my opinion with some logic. Some of big whales might actually be behind altcoins, but then again, if they just hold their bitcoins, they might not want to get involved with altcoins at all.
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December 30, 2016, 05:31:34 PM
 #202

Maybe the whales are not cashing out because they already have cash, better cash.  Wink
to me actually they are also waiting for the price increase and if they are not cashing out its mean that still there is some more potential in the price of bitcoin before the market correction, i think this mean that still there is time to invest your money in bitcoin.
It could also be they don't plan to sell ever, if bitcoin is the new digital gold as some have speculated then there is no point in selling it since you already have the best you can have.



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December 30, 2016, 05:37:41 PM
 #203

Why the big whales are not cashing out? Simple, They want more and more expensive price for bitcoin. Just think if you own more than a thousand of bitcoin and the price is nearly 1000$ but you believe and you are very confident that bitcoin price will be higher and higher after a few years so it will be enough for a smart whale to continue hodling and just be patient because someday our patience will pay off.

They are all watching the trade screen 24/7 one whale dump will trigger a domino effect and whales will start selling. but at this rate, everyone is waiting for $1,200 next year. probably will bubble at that rate.
tee-rex
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December 30, 2016, 06:47:16 PM
 #204

Maybe the whales are not cashing out because they already have cash, better cash.  Wink
to me actually they are also waiting for the price increase and if they are not cashing out its mean that still there is some more potential in the price of bitcoin before the market correction, i think this mean that still there is time to invest your money in bitcoin.
It could also be they don't plan to sell ever, if bitcoin is the new digital gold as some have speculated then there is no point in selling it since you already have the best you can have.

I really liked that phrase of yours, so I even started to doubt if I should keep my bitcoins close to myself and not trade them for fiat buying back in the dips. But then again, if we already have the best, why not try to obtain more of it? Or is it along the lines that too much of a good thing is good for nothing, and Bitcoin is one such thing all in all?
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December 31, 2016, 02:28:15 AM
 #205

Maybe the whales are not cashing out because they already have cash, better cash.  Wink
to me actually they are also waiting for the price increase and if they are not cashing out its mean that still there is some more potential in the price of bitcoin before the market correction, i think this mean that still there is time to invest your money in bitcoin.
It could also be they don't plan to sell ever, if bitcoin is the new digital gold as some have speculated then there is no point in selling it since you already have the best you can have.

I really liked that phrase of yours, so I even started to doubt if I should keep my bitcoins close to myself and not trade them for fiat buying back in the dips. But then again, if we already have the best, why not try to obtain more of it? Or is it along the lines that too much of a good thing is good for nothing, and Bitcoin is one such thing all in all?
We can, because the future is great for bitcoin and it could give us good profits, if we can afford to invest additional money for bitcoin then we must not be wasting time now, the opportunity does not come always, we are just lucky to have this opportunity to be in the early stage of bitcoin.

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December 31, 2016, 03:28:21 AM
 #206

Well its a simple answer .with bitcoins in rise thr big ehales are buying a lot of bitcoins and they want to earn a lot in the future and as the supply of bitcoins is limited thats why.

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