Peter Thiel & Bitcoin

[TERA2]

Would be funny if one of these big shot investors got in right for crypto winter

[1714975967]

1714975967

[coinplus]

15-20M is less than 1% of his wealth. Should view it as toy money rather than serious investment.

Toy money indeed. It may look big to some of us, but that is like some chicken change. It is good that bitcoin is attracting a lot of big investors and that really makes a lot of sense for the future of bitcoin anyway. Yeah, we cannot predict the future just because of that, but the truth is that, these guys would not even blink an eye on their holdings in bitcoin for a very long time knowing that greater opportunities lie ahead.

[raven7886]

Probably not.
He invested between $15-$20m in mid 2017.
With the price increase their holdings have increased drastically. If they were to cash out a significant amount then it would affect the price leaving the rest of their coins worth less.
The same goes with anyone holding large reserves looking to cash out. They sell small walls so they don't affect the price allowing the market to set the price and selling their coins in batches at the otherwise higher rates.

I guess 15 to 20 million dollar is not such a huge amount at the moment to affect bitcoin anyhow for a long-term. It may affect the price for a little while but where BTC stands with more than 200 Billion dollar market cap in which the said amount makes a share of less than 1%. Also we can term it as a pilot project investment by Peter Thiel's founder. Could be just a trial based to check whether to keep it in future or not.

It isn't. Comparing the amount to the market cap, that would probably have just some little effect on the market and I am sure that would be like a dash at the price he may even want to dump it if he ever wants to. A little while is even over rated, and from the look of it and comparing it to what this guy is worth, I am sure he has just decided to throw that into bitcoin, just in case it gets huge. We all know how these rich dudes think.

[naidray]

Probably not.
He invested between $15-$20m in mid 2017.
With the price increase their holdings have increased drastically. If they were to cash out a significant amount then it would affect the price leaving the rest of their coins worth less.
The same goes with anyone holding large reserves looking to cash out. They sell small walls so they don't affect the price allowing the market to set the price and selling their coins in batches at the otherwise higher rates.

Yeah, these guys are usually looking at the bigger picture and the last thing they would want to do is to cause a huge scare in the market by dumping their coins all at once. Just like you have said, they would prefer to just go out bit by bit without it having any serious impact on the market and that is if they really want to do that anytime soon anyway.

Still, I doubt OP's concern will ever affect the price. That is a guy who I am sure is not really bothered about cashing out anytime soon and even if he really wants to do, he would not just go out all at once. To him, the amount he has thrown in should be more like a trial and error kind of thing, and with some of these big guys really being a part of the community; you should even expect better days ahead for bitcoin.