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teddybu (OP)
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February 11, 2020, 08:34:48 AM |
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heyooo how if someone selling the bitcoins in one time at all market, i dont know if selling for 500K bitcoin or more.. the bitcoin will be dramatic or what will be happend?
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el kaka22
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www.Crypto.Games: Multiple coins, multiple games
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February 11, 2020, 01:41:06 PM |
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There are not that many people with 500k bitcoin at their wallet, there is just one wallet with 1.1 million that Craig claimed he has the control over which turned out to be wrong. But at the same time exchanges do have millions of coins but they can't just sell it since it is other peoples money that they hold until those people withdraw their money. So all in all there is no chance anyone can sell 500k bitcoin.
However, there has been times where a whale sold a lot of money, multiple times actually, however it wasn't as high as 500k. The biggest I can remember was when mt.gox trustee sold 34k bitcoins which hurt the economy a lot and price went down, however since we are all here and we all still love bitcoin, it just recovers afterwards and continues to surge, with just a break in the middle.
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carlfebz2
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February 11, 2020, 01:43:03 PM |
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heyooo how if someone selling the bitcoins in one time at all market, i dont know if selling for 500K bitcoin or more.. the bitcoin will be dramatic or what will be happend?
If majority of dormant wallets of this list tries to sell off their bags then for sure it would have a significant effect on the price. https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html |
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Febo
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February 11, 2020, 03:22:12 PM |
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what if biggest holder selling all the bitcoins?
He will not have them anymore and someone else or more other people will. That will be the only difference. Yes if he will be impatient price should decline a bit. Bitcoins daily volume is 3.5 million BTC, but most is probably fake. As long as this seller dont sell in one day price should not change much. |
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Tduty
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February 11, 2020, 04:03:54 PM |
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I don't think whales will do that, Bitcoin is better than gold, so, why someone would dump his assets? But if you imagine it, then I believe there will be some people who will buy them all to make balance the crypto industry. But it may cause a hard dump.
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Bagaji
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February 11, 2020, 04:10:05 PM |
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heyooo how if someone selling the bitcoins in one time at all market, i dont know if selling for 500K bitcoin or more.. the bitcoin will be dramatic or what will be happend?
And the question remains who is the biggest Bitcoin holder in our society right now bro. Since you are just making an assumption which is not likely to come to pass there is no need in my view for a definite answer to your question. |
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Bagaji
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February 11, 2020, 04:17:50 PM |
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heyooo how if someone selling the bitcoins in one time at all market, i dont know if selling for 500K bitcoin or more.. the bitcoin will be dramatic or what will be happend?
If majority of dormant wallets of this list tries to sell off their bags then for sure it would have a significant effect on the price. https://bitinfocharts.com/top-100-richest-bitcoin-addresses.htmlWhat a list of rich Men and Women here! I have never seen this kind of thing and I never believe this kind of people exist. Truly if majority of them decided to sell off their holding definitely the Bitcoin and crypto currency market will nosedive in just a minute. |
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STT
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Leading Crypto Sports Betting & Casino Platform
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February 11, 2020, 04:56:54 PM |
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Supply doesnt alter quality but it would alter price by matching orders and if new sell orders were to follow the price after filling buy orders in a short period of time they would then be lower on each wave of selling. Altering balance sharply would be disruptive but I dont think its an actual negative for Bitcoin as liquidity is not a bad thing, the market would favour buyers at this point as sellers would be the ones with an excessive need for their order to be met.
It might take a year or more to recover but its more of a buy opportunity as I think it would mean the market returned back to normal eventually. People would be upset and anyone who relied on a higher price now wouldnt like it but markets serve the entire system rather then any particular side. Its far more negative to fix prices and imo its not any great feature to have people who dont circulate their coins, I'd rather we see everyone rotate sooner or later as it adds confirmation and strength in the long run.
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Yatsan
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February 11, 2020, 05:01:03 PM |
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It depends. Depends on the price he sold them for, the amount he sold at a certain time frame and the like. If he sold it at below the market price, naturally, the market would follow suite and buyers would then buy his BTC up at that low of a price. It could be temporary though, since those buyers could resell them at a higher price, but this in turn changes the volume exchanged in the market though. Now, if he sold everything at a single time, at a certain price, then the market would probably adjust if the price is lower than the market one, but if its higher, nothing much would happen.
Still, it isn't any type of irregularity though. Some people sell their BTC at bulks sometimes, and this causes the market to sometimes crash, but a correction would surely occur and would make it return to the price before, or maybe a bit lower than the previous one.
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carlfebz2
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February 11, 2020, 08:52:09 PM |
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heyooo how if someone selling the bitcoins in one time at all market, i dont know if selling for 500K bitcoin or more.. the bitcoin will be dramatic or what will be happend?
If majority of dormant wallets of this list tries to sell off their bags then for sure it would have a significant effect on the price. https://bitinfocharts.com/top-100-richest-bitcoin-addresses.htmlWhat a list of rich Men and Women here! I have never seen this kind of thing and I never believe this kind of people exist. Truly if majority of them decided to sell off their holding definitely the Bitcoin and crypto currency market will nosedive in just a minute. Most of top coin holders are mostly Exchange wallet neither hot wallet or cold ones but if you do try to look of those addresses which most of them are dormant or havent been touched nor moved for a long period of time.We dont know if those wallets are untouched on purposed or totally lost in void due to lost keys or totally forgotten by its true owners.No doubt that it will really nosedive bitcoins price if these wallets become active and planning to sell of those coins in one go.Hopefully we wont see such scenario though and also i do believe that most users will tend to held of their coins and wait for long term since they do know the potential of increasing prices which would really benefits them if they hold a little more rather than selling into these current levels. |
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