If whales were to prematurely dump 500000 btc right now, where would support be?

[TERA]

There were not one but three crash days in April (down to $50). $260 to $100 was just the part where they vaprorized the area with low bid depth and $100 to $50 is where the real whale dumping was done. I would imagine that between all crash days 500000btc were dumped. Now if we only hit $50 in April, and bit coin has grown significantly since then, my new estimate would be $150.

Single digits is just ridiculous. At $10, the entire lot could be bought by one investor for $5 million, and probably would. Several of these types of investors have been buying in the present levels.

[cdog]

I know some of you think the coins have shifted hands and there are no longer any such whales or none that are willing to ever dump. I also know that in the past the whales wait for higher ATHs and for support to grow before dumping.

However, for purposes of discussion, let's say they went completely out of phase and surprised us by starting to dump 500,000 btc right now. Where would support be? Where would the bulls really dig their war trenches in?

Based on the walls I think about $150.

$50-100 there would be a ton of buyers, but I will get back in line to buy if we dip below $200 and buy all the way down to $.02

[MacMiner]

You are not taking in count fear and panic, if whales dump 500k to the market there will be many other people selling coins, maybe 200k more.
So, single digits is not ridiculous... dude $80+ up in one day, in bitcoin nothing is imposible.

Actually dump so many coins could be a good move (whale thinking)... BTC will recover for sure and the big whales will be bigger.