20000 pieces of Bitcoin wreck the market sounds annoying

[Kotone]

The bad one is when those other investors follow through with this dumping. Aside from the plustoken dump, xrp also has taken their move for a 25million tokens which also will affect the market. Corona virus distracting everyone so anyone would likely to have some sort of panic selling. I think the bearish market would be seen for a long time before we can recover. Only thing we must do must endure all this tragic events that are spreading. Hold your coin and stay out of news cause you might be tempted to do the same.

[1715088675]

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[1715088675]

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[coin-investor]

It sounds very bad to hear that 12000 pieces of Bitcoin can wreak havoc of Bitcoin value, I wonder what will happen if a whale decide to sell 100k of Bitcoin someday, Bitcoin max supply is 21million right? If 12000 can bring this damage then Bitcoin is just like every other coins

I don't know what damage it has brought when the market will eventually recover, as long as the causes are just dumping and the chain and the technology is still secure and intact it will still recover, Bitcoin and blockchain technology is still strong no harm done, the market will still recover the demand will still go up and we just need to trust this technology.

[joseyphil82]

Sounds like it's all on the whales hands now for market to recover, if whales aren't buying back now the price won't bring huge changes, but since having is coming very soon I expect whales to do a big buy back soon

[lienfaye]

It sounds very bad to hear that 12000 pieces of Bitcoin can wreak havoc of Bitcoin value, I wonder what will happen if a whale decide to sell 100k of Bitcoin someday, Bitcoin max supply is 21million right? If 12000 can bring this damage then Bitcoin is just like every other coins

The recent $12k selling of bitcoin is huge enough to affect the market. But it doesnt mean the price wont recover anymore because many investors are also waiting for the right timing to buy btc so expect the price to bounce back in few days or more. Dont be too worried if whales sell off their btc, the price might turn to dip but remember that btc has a history of plunged but recover in time.

[shoreno]

It sounds very bad to hear that 12000 pieces of Bitcoin can wreak havoc of Bitcoin value, I wonder what will happen if a whale decide to sell 100k of Bitcoin someday, Bitcoin max supply is 21million right? If 12000 can bring this damage then Bitcoin is just like every other coins

The recent $12k selling of bitcoin is huge enough to affect the market. But it doesnt mean the price wont recover anymore because many investors are also waiting for the right timing to buy btc so expect the price to bounce back in few days or more. Dont be too worried if whales sell off their btc, the price might turn to dip but remember that btc has a history of plunged but recover in time.

true mate  . this phenomenon isnt new   . we have seen badass news like this before like big exchanges get hacked and hackers sold tons of coins and yeah it did affect the market somehow but few more days later the market goes back to normal again  although the trauma could remain  to the investors that lost thier coins  on the exchange  .

this news currently we have now does not sounds annoying to me at all but i feel like pissed off because im about to sell my btc these days  .whenever i sell there is always a bad news that occur  .

[xvids]

It would depend on the situation if the whale happens to sell it while the market is crashing then the market would surely take a huge dip.
But if it happens while the market is being pump then I think the price increase would just slow down.
And we shouldn't really be worried about it I am sure that there would be some whales who would buy it out.

[Perfect35]

The entire holding was sold within a short space of time. It added pressure to the market and the entire market felt the impact. No matter how strong the coin might be, if there is selling pressure by one of a group of people, it should be expected.
Normally, such a number should be something small and should not have any negative impact, but the owner wanted to cash out. So, he sold at just any price. He does not even care if the price drops. He is okay, inasmuch as he is able to cash out.

[aioc]

This is really bad I choose to be optimistic now that the market is showing good support at the $5000 level Binance CEO shows support by saying that he will not touch or trade his Bitcoin to support the market, people should do the same by not touching their investment, things will get better eventually.

[Wildwest]

If this happens of course it is very worrying later Bitcoin there is no value anymore, and if anyone does so I am sure that there will also be a collection of bitcoins, and this will damage the market price due to a very Big, so there will be a lot of small investors who feel uncomfortable, we expect this to not happen.

[Novatech8]

I belief it's not just the dump from the scam token but also Coronavirus, I'm pretty sure that the Bitcoin dump by those scammers can't have this big impact on Bitcoin value, Coronavirus is responsible, stock market is down and economy is suffering, there is no way Bitcoin won't be affected

[Furious 7]

This is really bad I choose to be optimistic now that the market is showing good support at the $5000 level Binance CEO shows support by saying that he will not touch or trade his Bitcoin to support the market, people should do the same by not touching their investment, things will get better eventually.

At a time when conditions like this are indeed bitcoin still survive at $ 5,000 but do not know in the next few weeks whether it will still survive or even go down because this pandemic affects the prices of all markets.

But here we will not trade in a short time, it is very risky we will see a more advanced movement because we will draw conclusions in this virus outbreak.

[cytpoway121]

It sounds very bad to hear that 12000 pieces of Bitcoin can wreak havoc of Bitcoin value, I wonder what will happen if a whale decide to sell 100k of Bitcoin someday, Bitcoin max supply is 21million right? If 12000 can bring this damage then Bitcoin is just like every other coins

I think the huge pieces of bitcoin dumped was not actually the dumping factor, i feel like it aided the fuds spreading at that time regarding the present pandemic that we are in.
So once the bitcoin was dumped, the news tagged it as a way to get fiats to get accessories for protection against the pandemic, then fudders joined suite and dumped along, until it reached a limit.

Its normal in crypto currency, and fudding is part of the game, thats why as an hodler or investor, you must always do your own research and follow the news.

[leowonderful]

I think the huge pieces of bitcoin dumped was not actually the dumping factor, i feel like it aided the fuds spreading at that time regarding the present pandemic that we are in.
So once the bitcoin was dumped, the news tagged it as a way to get fiats to get accessories for protection against the pandemic, then fudders joined suite and dumped along, until it reached a limit.

Its normal in crypto currency, and fudding is part of the game, thats why as an hodler or investor, you must always do your own research and follow the news.

I agree with this; the large amount dumped was probably a reaction to global markets as a whole in response to COVID-19. Fear's still present almost everywhere at the moment in crypto and traditional markets, even in those who weren't affected by blatant FUD from others. FUD's not the only part of crypto, but volatility as well; we've seen plenty of insane fluctuations in price since Bitcoin's inception, and that'll likely continue.

[nelson4lov]

It sounds very bad to hear that 12000 pieces of Bitcoin can wreak havoc of Bitcoin value, I wonder what will happen if a whale decide to sell 100k of Bitcoin someday, Bitcoin max supply is 21million right? If 12000 can bring this damage then Bitcoin is just like every other coins

It doesn't work that way. You should understand that those 12k BTC were sold in the open market in quick succession. Since the market is driven by the demand and solid available at any time, then it's safe to say that the buy orders at that time didn't match that of the bear traders hence the dump. Also, when there's a panic like that, Its usually followed by the flash dump – That's kinda like a falling knife.  Let's not forget that other financial markets took severe hits too.

[aioc]

I agree with this; the large amount dumped was probably a reaction to global markets as a whole in response to COVID-19. Fear's still present almost everywhere at the moment in crypto and traditional markets, even in those who weren't affected by blatant FUD from others. FUD's not the only part of crypto, but volatility as well; we've seen plenty of insane fluctuations in price since Bitcoin's inception, and that'll likely continue.

It's human to fear something like CoVid it is now a pandemic and people always look for security and this is the reason for the sell, the market has always been volatile and sometimes it was blown in big proportion, but we all know the market will always come back stronger like before, like what's happening now, the market is now moving positively it is a good sign.

[skarais]

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Its true, Covid was feared because it could cause death but dont let this fear and panic be exploited by others and finally we decide to sell it at a lower price and make us lose.
Believe that every time the price of bitcoin is dump, the trend will change quickly because this situation is where many people benefit if they manage to buy at a low price. I noticed when the price of bitcoin dump a big decline some time ago and it is true that prices will start to improve in a few moments later.

[ololajulo]

It sounds very bad to hear that 12000 pieces of Bitcoin can wreak havoc of Bitcoin value, I wonder what will happen if a whale decide to sell 100k of Bitcoin someday, Bitcoin max supply is 21million right? If 12000 can bring this damage then Bitcoin is just like every other coins

It can wreck when no one is buying, there is fear in the market and the greed level is low. People are liable to buy more when the price is going up than when it is going down, which is the deficiency of market that long term traders exploit. I am sure when we break the ATH, we would see another side of the market, the all time high will be followed with a leg down but never with the same sentiment. You can sell all you can then even at that price

[thesmallgod]

It does not matter. If a whale sells off a huge amount of bitcoin, of course, the price will drop but that won't be permanent because the price will recover as others keep buying at a reduced price. The truth is that you cannot compare the rate at which people buy bitcoin when it is dumped to other altcoin. This is because people know the price will recover compared to some altcoin that might not.

[LostConfidence243]

To Be honest, Here the take a effect if selling commitment still as present, Because it should not be right decision for releasing the large amount 100k. Many more investors are not in a suitable stage now. so 12000 figure is more dangerous like lion.

[restuibu]

the price does not mean it will not rise again, just need a little patience after the pope sells all the bitcoin they have, the market will recover