mastica
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December 28, 2016, 08:04:23 PM |
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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.
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"If you don't want people to know you're a scumbag then don't be a scumbag." -- margaritahuyan
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South Park
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December 28, 2016, 09:07:30 PM |
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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?
Printing that amount of money will create inflation which will increase the price of bitcoin and if some entity a bank or government began buying bitcoin like crazy then the price will become even higher, smaller holders may sell their coins but the ones holding huge stashes may decide to hold since they will understand what is happening.
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Positid
Sr. Member
Offline
Activity: 378
Merit: 250
BULL RUN until 2030
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December 29, 2016, 05:04:55 AM |
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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?
Printing that amount of money will create inflation which will increase the price of bitcoin and if some entity a bank or government began buying bitcoin like crazy then the price will become even higher, smaller holders may sell their coins but the ones holding huge stashes may decide to hold since they will understand what is happening. If time will come that banks will hold bitcoins then it's a positive signal for us to follow them as well. They see great success for bitcoin and that gives us confidence to follow their actions.
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tee-rex (OP)
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December 29, 2016, 08:57:26 AM Last edit: December 29, 2016, 09:11:15 AM by tee-rex |
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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.
If you ask me, this is unlikely. Really, if they don't cash out when Bitcoin price is over 900 dollars per coin and don't want fiat, why would they want some junk altcoins? It seems to be a common opinion that cryptowhales hold their bitcoins waiting to become super rich in the future, and they have already written fiat money off in their mind, so would they even think about alts in that case?
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tabnloz
Legendary
Offline
Activity: 961
Merit: 1000
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December 29, 2016, 09:22:33 AM |
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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.
If you ask me, this is unlikely. Really, if they don't cash out when Bitcoin price is over 900 dollars per coin and don't want fiat, why would they want some junk altcoins? It seems to be a common opinion that cryptowhales hold their bitcoins waiting to become super rich in the future, and they have already written fiat money off in their mind, so would they even think about alts in that case? the whale traders (not holders) will ride btc up and at some stage put aportion into alts. if alts go on a tear the returns go 10 - 100x - see litecoins $2 - $50 or ETH before the DAO.
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tee-rex (OP)
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December 29, 2016, 10:33:55 AM |
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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.
If you ask me, this is unlikely. Really, if they don't cash out when Bitcoin price is over 900 dollars per coin and don't want fiat, why would they want some junk altcoins? It seems to be a common opinion that cryptowhales hold their bitcoins waiting to become super rich in the future, and they have already written fiat money off in their mind, so would they even think about alts in that case? the whale traders (not holders) will ride btc up and at some stage put aportion into alts. if alts go on a tear the returns go 10 - 100x - see litecoins $2 - $50 or ETH before the DAO. You talk about whales, though you actually mean some small traders with a few bitcoins at most. Whales hold thousands of bitcoins, and investing in altcoins big time involves an insane amount of risk for them and their finances, while investing small is simply not worth their time. If they can steadily and safely make a percentage or two with Bitcoin, as you seem to assume, it doesn't look very plausible they will be interested in anything else.
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RodeoX
Legendary
Offline
Activity: 3066
Merit: 1147
The revolution will be monetized!
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December 29, 2016, 05:12:35 PM |
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Maybe the whales are not cashing out because they already have cash, better cash.
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South Park
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December 29, 2016, 08:07:18 PM Last edit: December 30, 2016, 05:30:05 PM by South Park |
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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.
If you ask me, this is unlikely. Really, if they don't cash out when Bitcoin price is over 900 dollars per coin and don't want fiat, why would they want some junk altcoins? It seems to be a common opinion that cryptowhales hold their bitcoins waiting to become super rich in the future, and they have already written fiat money off in their mind, so would they even think about alts in that case? It is not that unlikely in my opinion, the whales could use a small portion of their holdings and get some altcoins since right now everyone is dumping them, they could do that waiting for a price increase on those coins and earning some profit out of it they sell and then they buy bitcoin again.
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carlerha
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December 29, 2016, 09:22:49 PM |
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Maybe the whales are not cashing out because they already have cash, better cash. 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.
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tabnloz
Legendary
Offline
Activity: 961
Merit: 1000
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December 29, 2016, 09:43:22 PM |
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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.
If you ask me, this is unlikely. Really, if they don't cash out when Bitcoin price is over 900 dollars per coin and don't want fiat, why would they want some junk altcoins? It seems to be a common opinion that cryptowhales hold their bitcoins waiting to become super rich in the future, and they have already written fiat money off in their mind, so would they even think about alts in that case? the whale traders (not holders) will ride btc up and at some stage put aportion into alts. if alts go on a tear the returns go 10 - 100x - see litecoins $2 - $50 or ETH before the DAO. You talk about whales, though you actually mean some small traders with a few bitcoins at most. Whales hold thousands of bitcoins, and investing in altcoins big time involves an insane amount of risk for them and their finances, while investing small is simply not worth their time. If they can steadily and safely make a percentage or two with Bitcoin, as you seem to assume, it doesn't look very plausible they will be interested in anything else. No I don't mean small traders that hold a few bitcoin; try reading what I wrote before you spout off. I mean whale traders with large positions (lets say hundreds - thousands) who cycle into and out of trends. They don't sell everything but send a portion into alts to increase their holdings in an alt run up. Then they cycle back to bitcoin or take profits in cash. 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.
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tabas
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December 29, 2016, 09:50:32 PM |
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Maybe the whales are not cashing out because they already have cash, better cash. 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. Yeah, that's why they are called whales for they are big people who are already rich enough so they don't have to do it. Since they have sufficient cash for using it with their daily lives and it is a dual purpose to them. While they still have enough cash, they use to hold it and waits for more further price increase that will satisfy them and when the price is seemingly decreasing that's a sign that they are already selling.
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mrcash02
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December 29, 2016, 09:53:24 PM |
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Maybe the whales are not cashing out because they already have cash, better cash. 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. Maybe there is still time to buy BTCs now, but it's risk. The price increased a lot in small time intervail, I believe the price can drop anytime and a lot. Some people like to risk, they could still buy Bitcoins now, but I personally don't think it's a good idea, for me now it's time to wait and watch what happens, the price will probably decrease soon, so the most recommended advice I can give is to don't buy BTCs now, only if you want to take the risk.
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n691309
Legendary
Offline
Activity: 1526
Merit: 1001
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December 29, 2016, 11:07:06 PM |
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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.
The money are spread in many different cryptocurrencies and this sometimes is good for bitcoin and much better for exchanges which is a very profitable "industry".
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calkob
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December 29, 2016, 11:13:41 PM |
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If some entity started to try to buy up every bitcoin, this would send the price sky high, the more they tried to buy the more expensive they would get, i dont know the math but i would guess that it would soon become impossible.
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HarryKPeters
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December 30, 2016, 01:14:01 AM |
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Maybe the whales are not cashing out because they already have cash, better cash. 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. Whales are big time traders. I reckon the risk of selling now and buying back later is not worth it. With the world economy crashing on some fields; oil, steel, stocks, currencies (EUR) they know now is not the time to sell. With this speed, we don't have to wait till 2020 to double, because it may come earlier (a doubling of the price). Remember in 2015 bitcoin outperformed every single currency (even the swiss currency and gold). The same applies for 2016. So why abandon a winning 'team'
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pacifista
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December 30, 2016, 02:27:48 AM |
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Whales and traders are waiting for bitcoin to cross 1000$ price before making a big move. Dumping huge bitcoin will be thier next move and every holders will get panic.
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tee-rex (OP)
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December 30, 2016, 10:51:25 AM |
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If you ask me, this is unlikely. Really, if they don't cash out when Bitcoin price is over 900 dollars per coin and don't want fiat, why would they want some junk altcoins? It seems to be a common opinion that cryptowhales hold their bitcoins waiting to become super rich in the future, and they have already written fiat money off in their mind, so would they even think about alts in that case?
the whale traders (not holders) will ride btc up and at some stage put aportion into alts. if alts go on a tear the returns go 10 - 100x - see litecoins $2 - $50 or ETH before the DAO. You talk about whales, though you actually mean some small traders with a few bitcoins at most. Whales hold thousands of bitcoins, and investing in altcoins big time involves an insane amount of risk for them and their finances, while investing small is simply not worth their time. If they can steadily and safely make a percentage or two with Bitcoin, as you seem to assume, it doesn't look very plausible they will be interested in anything else. No I don't mean small traders that hold a few bitcoin; try reading what I wrote before you spout off. I mean whale traders with large positions (lets say hundreds - thousands) who cycle into and out of trends. They don't sell everything but send a portion into alts to increase their holdings in an alt run up. Then they cycle back to bitcoin or take profits in cash. I carefully read what you wrote. The question was about whales investing in altcoins, and I speak about that point exclusively. I hope you will do the same. I'm not questioning that whales might be deeply involved in Bitcoin trading, but I don't see any plausible reason why they would ever want to trade altcoins unless they create an altcoin themselves. Alts are too risky given the number of bitcoins they hold, while investing dust, according to their scale of values, would be a waste of time for them.
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el kaka22
Legendary
Offline
Activity: 3514
Merit: 1162
www.Crypto.Games: Multiple coins, multiple games
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December 30, 2016, 11:37:25 AM |
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Maybe the whales are not cashing out because they already have cash, better cash. 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. Maybe there is still time to buy BTCs now, but it's risk. The price increased a lot in small time intervail, I believe the price can drop anytime and a lot. Some people like to risk, they could still buy Bitcoins now, but I personally don't think it's a good idea, for me now it's time to wait and watch what happens, the price will probably decrease soon, so the most recommended advice I can give is to don't buy BTCs now, only if you want to take the risk. We can never know how the price will change in the future or how people are accepting bitcoin, which makes it hard to take the decision of investing 1000$ in buying bitcoin that may fall in the term of price and it will take a lot of time for it to reach its highest price peak, I think it might be a little risky to invest too much into it.
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Sled
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December 30, 2016, 11:49:32 AM |
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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.
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tabnloz
Legendary
Offline
Activity: 961
Merit: 1000
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December 30, 2016, 12:06:48 PM |
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If you ask me, this is unlikely. Really, if they don't cash out when Bitcoin price is over 900 dollars per coin and don't want fiat, why would they want some junk altcoins? It seems to be a common opinion that cryptowhales hold their bitcoins waiting to become super rich in the future, and they have already written fiat money off in their mind, so would they even think about alts in that case?
the whale traders (not holders) will ride btc up and at some stage put aportion into alts. if alts go on a tear the returns go 10 - 100x - see litecoins $2 - $50 or ETH before the DAO. You talk about whales, though you actually mean some small traders with a few bitcoins at most. Whales hold thousands of bitcoins, and investing in altcoins big time involves an insane amount of risk for them and their finances, while investing small is simply not worth their time. If they can steadily and safely make a percentage or two with Bitcoin, as you seem to assume, it doesn't look very plausible they will be interested in anything else. No I don't mean small traders that hold a few bitcoin; try reading what I wrote before you spout off. I mean whale traders with large positions (lets say hundreds - thousands) who cycle into and out of trends. They don't sell everything but send a portion into alts to increase their holdings in an alt run up. Then they cycle back to bitcoin or take profits in cash. I carefully read what you wrote. The question was about whales investing in altcoins, and I speak about that point exclusively. I hope you will do the same. I'm not questioning that whales might be deeply involved in Bitcoin trading, but I don't see any plausible reason why they would ever want to trade altcoins unless they create an altcoin themselves. Alts are too risky given the number of bitcoins they hold, while investing dust, according to their scale of values, would be a waste of time for them. 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.
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