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Author Topic: Bitcoin holding will be worth this year or in the long run?  (Read 835 times)
nasipadang
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October 10, 2019, 02:29:39 PM
 #41

I found this article on cointelegraph :https://cointelegraph.com/news/nearly-10-billion-in-btc-is-held-in-wallets-of-8-crypto-exchanges. I wonder  if they had the control over the price, they can make a bearish run or even they can wake the bull up? Well for sure there is only one thing to expect it is having a good price in the future. What is your thought if the 10 billion worth of bitcoin will move?
I totally agree with the words "exchanger is the biggest holder" and Twitter analyst crypto. When halving later the possibility of bitcoin value will rise, at this time the dominance of bitcoin in the market is very large compared to altcoin. FUDs that might come out later can be very difficult for the market, and if the value of BTC is as high as 10 billion how the transaction will be, many people will complain about transaction fees.

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teosanru
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October 10, 2019, 02:30:06 PM
 #42

I found this article on cointelegraph :https://cointelegraph.com/news/nearly-10-billion-in-btc-is-held-in-wallets-of-8-crypto-exchanges. I wonder  if they had the control over the price, they can make a bearish run or even they can wake the bull up? Well for sure there is only one thing to expect it is having a good price in the future. What is your thought if the 10 billion worth of bitcoin will move?
Actually thinking about decentralization of Bitcoin from Governments I think what we may have forgotten is that Exchanges too can become pretty powerful if they are starting to hold such a great amount of holding in bitcoin. 10 Billion in BTC is already a great amount which is bound to increase as the price gets more. Moreover if wee see there are just handful of major exchanges which control the whole market. If they try to form cartels of something of that sort this could raise a big series of problems for all of us. I think being controlled by governments is better than being controlled by such exchanges.
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October 10, 2019, 02:31:58 PM
 #43

I found this article on cointelegraph :https://cointelegraph.com/news/nearly-10-billion-in-btc-is-held-in-wallets-of-8-crypto-exchanges. I wonder  if they had the control over the price, they can make a bearish run or even they can wake the bull up? Well for sure there is only one thing to expect it is having a good price in the future. What is your thought if the 10 billion worth of bitcoin will move?
^ Time will come they(whales)will get tired of doing controlling the market price. Let's just hope that it will happen though.
Anytime it will remove to another wallet but at least we are already warned on that. Yes, bitcoin is good for investing in the long run. Time to time there is a massive accumulating in Bitcoin and the demand will increase and the supply decreased. In that case, Bitcoin becomes expensive. Nevertheless, as of now, we have nothing to do is just ride the whale's plan.
We don't have any other option but to make sure that our eyes is widely open so we can ride with how big whales moves around the market. It can be a big loses to our investment once we missed the ride, manipulations is easy for big bag holders creating artificial market movements and shake the market is where this whales are good with. Avoid rushing your decision making and always think twice while analyzing if how the market is moving it will help you to anticipate the possible outcome.

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October 10, 2019, 02:56:03 PM
 #44

I found this article on cointelegraph :https://cointelegraph.com/news/nearly-10-billion-in-btc-is-held-in-wallets-of-8-crypto-exchanges. I wonder  if they had the control over the price, they can make a bearish run or even they can wake the bull up? Well for sure there is only one thing to expect it is having a good price in the future. What is your thought if the 10 billion worth of bitcoin will move?

7% can still make a pump but not a long bull run and I don't think these 8 exchanges will connive just to pump Bitcoin, they are on competition between each other, and besides, we don't have an organization of exchanges yet, or I don't know if we have one and they are just hiding it to us, but they should not connive to pump the market.

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October 10, 2019, 04:13:16 PM
 #45

manipulations is easy for big bag holders creating artificial market movements and shake the market is where this whales are good with.
Crypto is an illiquid market, so any trader with millions $$$ in coins or fiat will be able to drive the price up or down by 5-10% when executing a market order---this can be a totally legit order without the intention to manipulation prices.

People keep referring to manipulation when they see the price go down, but where are the same people when the price goes up? For real, how hypocritical can you be to only call manipulation when the market turns against you?

Even certain low cap stocks are experiencing 10-20% dumps occasionally, and that within a firmly regulated environment. It happens because of slippage---lack of liquidity not allowing people either to enter or exit in large quantities without losing value.

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October 10, 2019, 04:33:52 PM
 #46

I'm hearing a rumor that bitcoin could go bullish this month, there is only one way to find that out, and that is to hold our bitcoins and hold our temptations to sell in this bearish market that is rampaging in the cryptocurrency market since February 2018. The only thing I know is that bitcoin always make an epic comeback, it is more like bitcoin is just teasing us and then will just go to the moon in an instant.

Would love to hear that. Price seemed to be stuck around 8k+ and now it is 8.5k by the time I write this. Though these kind of "stuck" moments tend to scare me a lot due to the past events that happened to Bitcoin where it badly went down to 5k (or 4k?)  after getting stuck to 7k for so long. Although that isn't an indicator that it will go bearish, it is still kinda fresh from my mind that there's a little possibility that it might happen.

I think bitcoin investment will be worthier than holding. We should consider few scenarios, especially those that has a capability to influence the market price of bitcoin. And that will be considered as factors that affects the market accumulation, volume, and price. Simply, market adoption. The big news from China is enough to say that we are now facing a huge horizon of uptrend market in a few weeks.
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October 10, 2019, 05:20:47 PM
 #47

I found this article on cointelegraph :https://cointelegraph.com/news/nearly-10-billion-in-btc-is-held-in-wallets-of-8-crypto-exchanges. I wonder  if they had the control over the price, they can make a bearish run or even they can wake the bull up? Well for sure there is only one thing to expect it is having a good price in the future. What is your thought if the 10 billion worth of bitcoin will move?
I totally agree with the words "exchanger is the biggest holder" and Twitter analyst crypto. When halving later the possibility of bitcoin value will rise, at this time the dominance of bitcoin in the market is very large compared to altcoin. FUDs that might come out later can be very difficult for the market, and if the value of BTC is as high as 10 billion how the transaction will be, many people will complain about transaction fees.
Does exchange only provide a place for trading? I don't know if they also held a lot of bitcoin in their wallet. if they have that much bitcoin, of course exchange sites can make a big impact on the market. they can wake up bullish even bearish. of course what we expect the most is the high price in the future. but if the 10 billion moves will certainly have a big impact on the market, depends on what they want.
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October 10, 2019, 05:25:53 PM
 #48

We really need more and more micro holders to come in and buy BTC, but because of the Bitcoin futures market, whales with a lot of USDT can also move the market by placing futures contracts without having to evne purchase one BITCOIN and can crash or moon the price accordingly. On the other hand, the more people come to buy and hold Bitcoin as part of their pension fund or wealth creation fund, then it might slowly go up again over time and grow in real value also.


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20kevin20
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October 11, 2019, 10:24:59 AM
 #49

We really need more and more micro holders to come in and buy BTC, but because of the Bitcoin futures market, whales with a lot of USDT can also move the market by placing futures contracts without having to evne purchase one BITCOIN and can crash or moon the price accordingly. On the other hand, the more people come to buy and hold Bitcoin as part of their pension fund or wealth creation fund, then it might slowly go up again over time and grow in real value also.

Although I'm kind of a holder too, this affects the market prices negatively actually. Holding might shrink the amount of BTC in circulation and make it look like everybody's holding, but isn't the circulating BTC graph the same one that is used to show how much BTC is used compared to months/years ago?

We don't need holders and/or investors, we just need true believers. There's no point in having people hold their money in BTC if their only purpose is having a profit. Profit -> sell -> price shrinks.

This isn't a profit game but our maybe ONLY chance of actually getting rid of the banking system which basically turns you into a slave as soon as you decide to work with them.
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October 11, 2019, 11:13:21 AM
 #50

I could believe it was worthy since before, today and by tomorrow. We could have something to put our trust and stop thinking about the way it was to stop. Bitcoin is worthy among the other coins in the market and nothing has to put doubts on these cause we know its capability even before.

We've been struggling crisis several times but we never-give-up instead, we become more positive just the way it looks. And even I don't see any bullish season but it keeps me believe.
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October 11, 2019, 12:12:21 PM
 #51

What is your thought if the 10 billion worth of bitcoin will move?

Bitcoin is always worth, it just depends on if someone is short or long-term holder - and this year is certainly profitable for all who have to buy in range from $3k or $5k. No one can say for sure what will happen in two months or two years, there are speculations, but that does not mean that they should be blindly adhered to. The golden rule is that you never invest more than what you can afford to lose.

Regarding exchanges and the potential impact on the price, they can have an effect on the price, but not in a way you are thinking. A scenario in which all major exchanges agree to move $10 billion worth of coins is not realistic, this is not they money, it belongs to clients. What can affect the price is a possible hack of some big exchange, but I think most of them keep most funds in cold wallets.

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October 11, 2019, 12:33:40 PM
 #52

If you have bought your bitcoin when the price was around 3000 to 4000$ it already is worth it. The price had doubled compared the last bear market, but still it is the best time to buy if you are intending to hold till the next bull market.

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October 11, 2019, 12:48:17 PM
 #53

Just a funny comment while we are talking about HODL - - - there is even a HODL app by now  Grin https://coincash.eu/blog/hodl-app-everyday-companion-in-the-crypto-world
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October 11, 2019, 12:56:55 PM
 #54

Bitcoin is worth this year compared to the last year, and it well worth it in the long run. But we might not see bitcoin price will increase in this short time because bitcoin still needs time before it's rise. Many people now trying to sell some bitcoin they have because many of them are already buying bitcoin when the price is at $3000-$4000. So they now are making a lot of money, especially for people who can sell their bitcoin when it reached $12k. In the next year, I guess we will see bitcoin price increase higher than the price now, so prepare yourself.

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owengtam09
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October 11, 2019, 01:08:42 PM
 #55

For me, I think, as I observe the market, I think it is better to invest in a short term, maybe like from time to time check the value of bitcoin and I think it is more profitable than the long term. Long term investment can only just waste our time for a small profit. I am not saying that I am right and follow what I just said. It is only my opinion and you can also observe the market on your own.
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October 11, 2019, 01:09:08 PM
 #56

In my own view and expectattion I think bitcoin start worth before end of the year 2019 at the first quarter of the year 2020 possible bitcoin goes into bullrun so hilding bitcoin in long run is very worthy.


Bitcoin is worth this year compared to the last year, and it well worth it in the long run. But we might not see bitcoin price will increase in this short time because bitcoin still needs time before it's rise. Many people now trying to sell some bitcoin they have because many of them are already buying bitcoin when the price is at $3000-$4000. So they now are making a lot of money, especially for people who can sell their bitcoin when it reached $12k. In the next year, I guess we will see bitcoin price increase higher than the price now, so prepare yourself.



Wow great analysis mate and positive view for the bitcoin future, by the way mate I believe bitcoin before end of this year 2019 the price reach 14k upto 15k usd and the bullrun begin.
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October 11, 2019, 01:24:05 PM
 #57

If that $10B worth of bitcoin will be moved and sold immediately that will cause chaos and whenever these coins are moved im sure this will create a big question for us and price of bitcoin will either go down or go pump because of that, some people may panic and sell urgently and some people will start getting curious about the moving of bitcoin funds from these exchanges.
The the hodler of those huge bitcoin had a motive for doing that  ie hodling it for a reason or purpose of course they know the implication of selling those coins in the market meanwhile I suspected the coins might belong to an exchange which is hodl solely for trading purpose but the bottom line is the value and volume of bitcoin in the market is huge also its market capitalization.

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October 11, 2019, 02:00:57 PM
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If that $10B worth of bitcoin will be moved and sold immediately that will cause chaos and whenever these coins are moved im sure this will create a big question for us and price of bitcoin will either go down or go pump because of that, some people may panic and sell urgently and some people will start getting curious about the moving of bitcoin funds from these exchanges.
The the hodler of those huge bitcoin had a motive for doing that  ie hodling it for a reason or purpose of course they know the implication of selling those coins in the market meanwhile I suspected the coins might belong to an exchange which is hodl solely for trading purpose but the bottom line is the value and volume of bitcoin in the market is huge also its market capitalization.

Bitcoin holding is always a great investment one person can have, let's focus on long term if we really want to invest and earn a lot of profit, and this year maybe the last year we can accumulate Bitcoin, as we don't know what could be the possible thing to happen in upcoming years, but for sure long term investing in Bitcoin will be worth it.

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October 11, 2019, 02:09:14 PM
 #59

~snip
Some of them are either avoiding the higher fees, KYC, government regulations, tax, security, privacy, etc. These transactions aren't reflected in the open market but it can still affect market prices. These whales are still basing their prices in the open market because some of these whales serve as gateways to exchanges.  
The OTC transactions will not affect the market price as it is not being transacted in the open market and daily you will have millions of dollars being transaction outside the open market and the market depends speculation and if you see those transactions in the open market then it could affect the price but that is not the case here, even then if you see a huge transfer of coins the FUD starts to appear and it is reflected in the market.
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October 11, 2019, 02:14:27 PM
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If that $10B worth of bitcoin will be moved and sold immediately that will cause chaos and whenever these coins are moved im sure this will create a big question for us and price of bitcoin will either go down or go pump because of that, some people may panic and sell urgently and some people will start getting curious about the moving of bitcoin funds from these exchanges.
The the hodler of those huge bitcoin had a motive for doing that  ie hodling it for a reason or purpose of course they know the implication of selling those coins in the market meanwhile I suspected the coins might belong to an exchange which is hodl solely for trading purpose but the bottom line is the value and volume of bitcoin in the market is huge also its market capitalization.

Bitcoin holding is always a great investment one person can have, let's focus on long term if we really want to invest and earn a lot of profit, and this year maybe the last year we can accumulate Bitcoin, as we don't know what could be the possible thing to happen in upcoming years, but for sure long term investing in Bitcoin will be worth it.
Long term investment will maximize every potential growth that will happen to this industry, if you can hold for long time and wait till bitcoin reached the very highest peak that we can't estimate.
Each holders who believes that bitcoin will b worthy in the long run will keeps on buying bitcoin from whatever level it is. knowing that you are capable to earn more money.
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