Why the big whales are not cashing out?

[tee-rex]

If a government tried to buy up a huge amount of Bitcoins, it seems like it would drive the price up. Also, there are many people that are probably just holding Bitcoins as a long term investment and won't sell anyway.

They would most certainly buy Bitcoin whenever there is panic selling, for example, right after the Bitfinex incident, when the price dropped almost 150 dollars. Right now I tend to think that whales not wanting to part with their bitcoins is one of the reasons why governments might stay away from the attempts of buying up bitcoins. If my memory serves me correctly, Satoshi himself said that he was going to keep his bitcoins for the fear of governmental interference with Bitcoin in the way I talk about.

[1715054209]

1715054209

[1715054209]

1715054209

[1715054209]

1715054209

[severaldetails]

Almost all the predictions I have read in the last time point to a raise in bitcoin price next year.
I think that whales would not be whales if they didn't konw the right time to buy, or to sell.
So if none of them is selling, it's another sign for me that we can expect 2017 to be a good year for bitcoin!

[dothebeats]

They do, and when they do, the market is affected so hard. We've all experienced that heavy downtrend 2 years ago. It's not that the market is stagnant but rather, some whales are still trying to liquidate everything they have before moving forward and build another pump.  Also, they wouldn't pull out what they have in btc. It's what makes them some substantial amount of money.

[Przemax]

Almost all the predictions I have read in the last time point to a raise in bitcoin price next year.
I think that whales would not be whales if they didn't konw the right time to buy, or to sell.
So if none of them is selling, it's another sign for me that we can expect 2017 to be a good year for bitcoin!

You would be surprised, of how many rich guys just cant fail. Lets take for example a Trump. The guy bankrupted 6 times. You would think that he should be broke. Nope. He knows the right people hence he cant be broke. Rich people do as many if not more mistakes as poor people do. They just cant fail and thats deeply pathological.

[tee-rex]

Almost all the predictions I have read in the last time point to a raise in bitcoin price next year.
I think that whales would not be whales if they didn't konw the right time to buy, or to sell.
So if none of them is selling, it's another sign for me that we can expect 2017 to be a good year for bitcoin!

You would be surprised, of how many rich guys just cant fail. Lets take for example a Trump. The guy bankrupted 6 times. You would think that he should be broke. Nope. He knows the right people hence he cant be broke. Rich people do as many if not more mistakes as poor people do. They just cant fail and thats deeply pathological.

I didn't know that Trump had filed for bankruptcy 6 times. Are you sure that you are not confusing him with someone else? Regardless of how many times he actually went bankrupt, we can't be 100% certain that his bankruptcies were for real and not serving the purposes of tax evasion or something similar. We could easily expect such things from someone as cynical a businessman as Donald himself.

[jovs]

They do, and when they do, the market is affected so hard. We've all experienced that heavy downtrend 2 years ago. It's not that the market is stagnant but rather, some whales are still trying to liquidate everything they have before moving forward and build another pump.  Also, they wouldn't pull out what they have in btc. It's what makes them some substantial amount of money.

Big whales are the reason why pump and dump occured.
Be thankful for them for making bitcoin increases its value. They are the reason of expanding bitcoin's market as bitcoin's volume increases. Let's just be positive for bitcoin guys. Let its value grows up as time goes by.
Then sel

[Doamader]

Why would whales cash out, even if they hade made 300% from their investment? Bitcoin will get more halvings, and price of bitcoin its expected to reach 1000 dollars, and in the near future keep stable and cross the last big mark bitcoin had, maybe for some people those will be enought, but whales does makes a life with bitcoin, soo until they reach their goal they wont left and drop their coins.

[tee-rex]

Why would whales cash out, even if they hade made 300% from their investment? Bitcoin will get more halvings, and price of bitcoin its expected to reach 1000 dollars, and in the near future keep stable and cross the last big mark bitcoin had, maybe for some people those will be enought, but whales does makes a life with bitcoin, soo until they reach their goal they wont left and drop their coins.

I don't think it is a correct approach to what superwhales might be thinking. if they had been actually thinking like you assume. they would have cashed out long ago. Obviously, they are in Bitcoin not for profits which are measured in dollars. They might be waiting till Bitcoin is being used as a currency, and then they will turn from old superwhales into new superich. After that, they would be able to enjoy the life as only true deep pockets can, and they will do it with bitcoins and not dollars.

[fudster]

bigwhales had already cashed out after they bought plenty of zcash 

[Betwrong]

That question has always been intriguing me. Reading about possible control over Bitcoin by the government, I thought about the ways how they could actually do it. One idea that came to my mind was to print enough fiat to buy all bitcoins existing and get done with it for good. But then I recalled about the top Bitcoin holders including Satoshi himself keeping their coins, and it struck me that they might not be selling their stashes just because of this, for the fear that government could easily buy up all bitcoins that are traded and turn into the biggest whale itself.

How likely is that?

Even printing out unlimited sums of fiat will not make it possible to buy all Bitcoins and that is so not because the guys like Satoshi will hold theirs, but because of the exponential rising of the price in a case of massive buying. So trying to buy all the Bitcoins they will do only good for Bitcoin.

I agree. We were witnessing something like that in the December 2013 - February 2014 period. It wasn't one person or several big whales responsible for the rise but rather many newcomers to the Bitcoin world, but the picture we had was very similar to what would happen if a government would try buy all Bitcoins.

They could just go after a few exchanges or dark markets and grab the coins directly, like they did with the Silk Road operation. These actions would cause the price to plunge, and that is the perfect timing to start buying up Bitcoin if they were really into this. The FBI was auctioning the bitcoins they took from Ross Ulbricht, but how can we be sure that these auctions were not Illusory transactions to make us believe that the government is not really interested in taking Bitcoin under control?

We can't be sure 100% in anything, but we can use logic and thus make assumptions which more or less make sense. What they sold (or were pretending they are selling it like you said) was the amount of BTC which is below 50,000. If someone wants to "take Bitcoin under control" that amount would be insignificant for that purpose.

[tee-rex]

They could just go after a few exchanges or dark markets and grab the coins directly, like they did with the Silk Road operation. These actions would cause the price to plunge, and that is the perfect timing to start buying up Bitcoin if they were really into this. The FBI was auctioning the bitcoins they took from Ross Ulbricht, but how can we be sure that these auctions were not Illusory transactions to make us believe that the government is not really interested in taking Bitcoin under control?

We can't be sure 100% in anything, but we can use logic and thus make assumptions which more or less make sense. What they sold (or were pretending they are selling it like you said) was the amount of BTC which is below 50,000. If someone wants to "take Bitcoin under control" that amount would be insignificant for that purpose.

Of course, it won't be enough, but if I remember correctly, they auctioned more than 144,000 bitcoins in total, which they had seized from Ross Ulbricht in 2013. But if they were selling these bitcoins to themselves, we might as well expect them to buy bitcoins directly in the markets, for example, after panic attacks as it happened with the Bitfinex hack. I'm not going to say that they provoked these panic sellings or stole Bitfinex bitcoins, but who knows?

Whenever shit happens, blame the government, and you won't be wrong.

[Ayers]

bigwhales had already cashed out after they bought plenty of zcash 

they are dumping back zcash to buy bitcoin, take a look at coinmarketcap, there is not a single alt that is not dumped, and guess where all thtat dumping go? to bitcoin, another reason why the price is skyrocketing

[Superways]

The answer which came to my mind is that they do not sell their coins because they know about the future of bitcoin and they know that in the future its value will increase much higher and if they will keep their coins for more longer then they will be millionaire with their bitcoins. It is a chance for them to be the most wealthy persons of the world with their bitcoins.

[JamesColombia]

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

Yes, that is why big whales remain big whales because they know when to attack the bitcoin ,how they play with it in their hands, but for sure some of their money is in investment for more money to come and income generate.

They are not with a reason big whales, they will only cash out on a very good price most likely over the 1000 dollar they will.

[Positid]

They are not cashing our because they treat this as a business and want to continue earning. It's easy to understand, one time big time does not apply here, they are reach and they have different mentality from us.

[NUFCrichard]

I am no big fish, but as someone who has an average price of under $300 per bitcoin, I don't really feel the urge to sell.
The recent rise has been slow and steady, I expect that if the price starts to fall, it will also move quite slowly.

I don't expect to be at a paper loss anytime soon, hopefully ever, so I am happy to sit and wait.  I am not buying at the moment, but I am not selling either (gold parity might change my mind though)

[X-ray]

bigwhales had already cashed out after they bought plenty of zcash 

they are dumping back zcash to buy bitcoin, take a look at coinmarketcap, there is not a single alt that is not dumped, and guess where all thtat dumping go? to bitcoin, another reason why the price is skyrocketing

Yeah i got that point. Every bitcoin price rising those altcoins are always getting dumped and no matter how much the current marketcap and how strong the communities or popular it's they can't avoid to be dumped and it's seems that those traders are only being active to trade altcoins when the price of bitcoin are quite low. when it's high then they will seek for profit on bitcoin margin trading first

[tee-rex]

I am no big fish, but as someone who has an average price of under $300 per bitcoin, I don't really feel the urge to sell.
The recent rise has been slow and steady, I expect that if the price starts to fall, it will also move quite slowly.

I don't expect to be at a paper loss anytime soon, hopefully ever, so I am happy to sit and wait.  I am not buying at the moment, but I am not selling either (gold parity might change my mind though)

Your break-even price is under $300 per coin, and you are still not going to sell your bitcoins. What about whales then who didn't buy their bitcoins at all but mined them in the early days of Bitcoin, when it was still possible to mine coins on an average desktop computer in the thousands? The cost of these coins is negligible, so any real price would mean huge returns for all these people.

[NUFCrichard]

I am no big fish, but as someone who has an average price of under $300 per bitcoin, I don't really feel the urge to sell.
The recent rise has been slow and steady, I expect that if the price starts to fall, it will also move quite slowly.

I don't expect to be at a paper loss anytime soon, hopefully ever, so I am happy to sit and wait.  I am not buying at the moment, but I am not selling either (gold parity might change my mind though)

Your break-even price is under $300 per coin, and you are still not going to sell your bitcoins. What about whales then who didn't buy their bitcoins at all but mined them in the early days of Bitcoin, when it was still possible to mine coins on an average desktop computer in the thousands? The cost of these coins is negligible, so any real price would mean huge returns for all these people.

I'm not an advocate of blindly holding regardless of price or life situation, but at the moment I don't need to sell. I am well into profit and I have had all of my coins for over 1 year so can sell tax free.
If I need some fiat, I will sell. I wouldn't sell for fiat if the price was $200.  I won't buy now, but if it was $200 for BTC I would.

People sitting on huge piles of Bitcoin from mining years ago should be wealthy now. If they are living at home and from paycheck to paycheck so that they can hold their BTC, that is stupid.
I would assume that they have already done pretty well out of Bitcoin, are at least quite well off, own a house and car, have no debt, can vacation regularly etc.

Now they have no real need to sell, so hold in the hope of further appreciation.

[bitjoin]

I am no big fish, but as someone who has an average price of under $300 per bitcoin, I don't really feel the urge to sell.
The recent rise has been slow and steady, I expect that if the price starts to fall, it will also move quite slowly.

I don't expect to be at a paper loss anytime soon, hopefully ever, so I am happy to sit and wait.  I am not buying at the moment, but I am not selling either (gold parity might change my mind though)

Your break-even price is under $300 per coin, and you are still not going to sell your bitcoins. What about whales then who didn't buy their bitcoins at all but mined them in the early days of Bitcoin, when it was still possible to mine coins on an average desktop computer in the thousands? The cost of these coins is negligible, so any real price would mean huge returns for all these people.

I'm not an advocate of blindly holding regardless of price or life situation, but at the moment I don't need to sell.

If you are young though and have life ahead of you i say take a chance and hold out for big figures.  You get 1 chance in life right? you can play other areas of your life safe to give you that shot with BTC.