Poppppp!!! I'm calling it See you at 300

[Taxidermista]

what I find most amazing, is that some massive wallets with 10 000 + bitcoins did not sell a single bitcoin in the run up to $1200 - not even one.

Either these guys know something I don't, have COJONES the size of watermelons, or are just plain delusional. I do not know.

FTFY

[piramida]

no, alot of these wallets understand where BTC will end up in several years, so these minor dips or runups in price don't interest them.

[raid_n]

no, alot of these wallets understand where BTC will end up in several years, so these minor dips or runups in price don't interest them.

+1

It is sufficient if bitcoin goes up, say 25% a year.

[jasonjm]

what I find most amazing, is that some massive wallets with 10 000 + bitcoins did not sell a single bitcoin in the run up to $1200 - not even one.

Either these guys know something I don't, have COJONES the size of watermelons, or are just plain delusional. I do not know.

FTFY

I guess I will be sticking to English words.

[massivebitman]

oh man... How low could this go?

Think about all the money that was pumped in early on... There's a huge amount of coins now that people will be looking to pull out at any price.

[jasonjm]

no, alot of these wallets understand where BTC will end up in several years, so these minor dips or runups in price don't interest them.

+1

It is sufficient if bitcoin goes up, say 25% a year.

yeah, well it still makes zero sense unless these people are all wealthy before bitcoins.

How can someone possibly have millions of dollars in bitcoin, and not sell one single coin - not even one. Something is not right, I am trying to work it out.

If these people believe that much in bitcoin, all of them, to the point that of their 10 000 or more bitcoins, they cannot even part with one, then they cannot be mentally sound - or they are so rich that they do not care.

OR

as previous poster stated, perhaps almost all of these are dead wallets. That would make sense to me at least.

[massivebitman]

no, alot of these wallets understand where BTC will end up in several years, so these minor dips or runups in price don't interest them.

+1

It is sufficient if bitcoin goes up, say 25% a year.

yeah, well it still makes zero sense unless these people are all wealthy before bitcoins.

How can someone possibly have millions of dollars in bitcoin, and not sell one single coin - not even one. Something is not right, I am trying to work it out.

If these people believe that much in bitcoin, all of them, to the point that of their 10 000 or more bitcoins, they cannot even part with one, then they cannot be mentally sound - or they are so rich that they do not care.

OR

as previous poster stated, perhaps almost all of these are dead wallets. That would make sense to me at least.

I would believe they're dead wallets. Why would you care about something that was worth nothing at the time. Who would've known? 10,000BTC for a pizza looks insane at todays prices, but was it really?

[jasonjm]

no, alot of these wallets understand where BTC will end up in several years, so these minor dips or runups in price don't interest them.

+1

It is sufficient if bitcoin goes up, say 25% a year.

yeah, well it still makes zero sense unless these people are all wealthy before bitcoins.

How can someone possibly have millions of dollars in bitcoin, and not sell one single coin - not even one. Something is not right, I am trying to work it out.

If these people believe that much in bitcoin, all of them, to the point that of their 10 000 or more bitcoins, they cannot even part with one, then they cannot be mentally sound - or they are so rich that they do not care.

OR

as previous poster stated, perhaps almost all of these are dead wallets. That would make sense to me at least.

I would believe they're dead wallets. Why would you care about something that was worth nothing at the time. Who would've known? 10,000BTC for a pizza looks insane at todays prices, but was it really?

this is pretty important stuff though, if all these accounts are truly dead, then the threat of a complete bitcoin wipeout  (down to $10 or less) is far less than I initially calculated, as these coins can't come back into the market as sell orders en masse.

[raid_n]

The next few days will be exciting. We're down over 50% of ATH
Now the true valuation of BTC is going on

[piramida]

no, alot of these wallets understand where BTC will end up in several years, so these minor dips or runups in price don't interest them.

+1

It is sufficient if bitcoin goes up, say 25% a year.

yeah, well it still makes zero sense unless these people are all wealthy before bitcoins.

How can someone possibly have millions of dollars in bitcoin, and not sell one single coin - not even one. Something is not right, I am trying to work it out.

If these people believe that much in bitcoin, all of them, to the point that of their 10 000 or more bitcoins, they cannot even part with one, then they cannot be mentally sound - or they are so rich that they do not care.

OR

as previous poster stated, perhaps almost all of these are dead wallets. That would make sense to me at least.

1. they might have large cold storage and smaller wallet for spending; most do
2. they might have enough cash on hand to not care about selling undervalued asset
3. cold wallets are just that - cold, being on paper somewhere in a deposit box to make selling on emotions hard

[traderCJ]

no, alot of these wallets understand where BTC will end up in several years, so these minor dips or runups in price don't interest them.

+1

It is sufficient if bitcoin goes up, say 25% a year.

yeah, well it still makes zero sense unless these people are all wealthy before bitcoins.

How can someone possibly have millions of dollars in bitcoin, and not sell one single coin - not even one. Something is not right, I am trying to work it out.

If these people believe that much in bitcoin, all of them, to the point that of their 10 000 or more bitcoins, they cannot even part with one, then they cannot be mentally sound - or they are so rich that they do not care.

OR

as previous poster stated, perhaps almost all of these are dead wallets. That would make sense to me at least.

I would believe they're dead wallets. Why would you care about something that was worth nothing at the time. Who would've known? 10,000BTC for a pizza looks insane at todays prices, but was it really?

this is pretty important stuff though, if all these accounts are truly dead, then the threat of a complete bitcoin wipeout  (down to $10 or less) is far less than I initially calculated, as these coins can't come back into the market as sell orders en masse.

Remember - all that matters in Bitcoin pricing is the going rate for only the coins on the exchanges.  The only impact one of those big cold wallets can have on price is downward if it is liquidated.  Those wallets not being touched is already priced into the exchange rate.

[johnblaze]

Remember - all that matters in Bitcoin pricing is the going rate for only the coins on the exchanges.  The only impact one of those big cold wallets can have on price is downward if it is liquidated.  Those wallets not being touched is already priced into the exchange rate.

well said

[600watt]

shit.

i feared 300.

i hope i need not to hope for 300.

[massivebitman]

wow we're dropping fast!!

[ercolinux]

this is pretty important stuff though, if all these accounts are truly dead, then the threat of a complete bitcoin wipeout  (down to $10 or less) is far less than I initially calculated, as these coins can't come back into the market as sell orders en masse.

The dead wallets contains near 2,5M of bitcoins (actually we can estimate a 22% of all the bitcoins with the great majority are from addresses with 25-50BTC) : there is a post on the italian section of the forum in which all the movements of all the wallets since 2009, we have considered that the wallets with no input or out for more than 2 years are to be considered  dead https://bitcointalk.org/index.php?topic=353156.120

[piramida]

the wallets with no input or out for more than 2 years are to be considered  dead

but this is wrong on many levels, I have some wallets like that, they are not dead.

[ercolinux]

the wallets with no input or out for more than 2 years are to be considered  dead

but this is wrong on many levels, I have some wallets like that, they are not dead.

Yes, actually I've 4 too that are more than 2 year that are stuck (but alive  ). But the only way to estimate if a wallet is alive or not is to check is movements. I can imagine that at least 10% of the dead wallets are only sleeping, but I feel that are not much more than that.  Anyway if you've an idea on how try to determine if a wallet is dead or not you're welcome.

The number is much more usefull read on the other side: for sure 78% of bitcoins are alive.

[BitcoinFr34k]

I don't mind all the panic selling. More cheap coins for me

[superresistant]

this is pretty important stuff though, if all these accounts are truly dead, then the threat of a complete bitcoin wipeout  (down to $10 or less) is far less than I initially calculated, as these coins can't come back into the market as sell orders en masse.

The dead wallets contains near 2,5M of bitcoins (actually we can estimate a 22% of all the bitcoins with the great majority are from addresses with 25-50BTC) : there is a post on the italian section of the forum in which all the movements of all the wallets since 2009, we have considered that the wallets with no input or out for more than 2 years are to be considered  dead https://bitcointalk.org/index.php?topic=353156.120

The dead wallet are too often underestimated. I also have an old dead wallet. There was a time 10000 BTC could only afford a pizza, why would you care about few thousand BTC ?

[superresistant]

I don't mind all the panic selling. More cheap coins for me

and for me !