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Author Topic: What if: an old hand dumps all their coins right now?  (Read 437 times)
Taras
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November 06, 2017, 12:01:33 AM
 #21

As you can see from the above chart, this is not an impossible situation. The whole order book of the big exchanges is "only" about 200,000 BTC deep. If one of these Entities were to rediscover a lost wallet... or if the price were to reach their "exit price" that they'd decided upon long ago... it's easy to imagine that "get all of my money out before anyone can react" would become more important for them than getting the absolute best price for it.
200,000 BTC is a lot of money, and it's a lot of bitcoins that not just anyone could have gotten even in the early years. They are going for $7500 each right now, so why would they sell any for $10? They wouldn't sell them all at once at any price when they could sell them at a high price over time and get hundreds of millions of dollars more. Only an idiot would "get all of my money out before anyone can react" and we know that they aren't an idiot because they were able to accumulate such a huge amount of bitcoins in the first place.

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November 06, 2017, 12:34:42 AM
 #22

You have quite a proposition here and this is very possible in every aspect that you said in your post. But, I don't think that someone in their right mind will do that especially with the price that we have right now. They might sell some of it but will not do it from all of their stack of BTC. Their right move would be sell some while the price is climbing and wait again for the right time if the price goes down.

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