Whales or institutes do not stop their bitcoin buying

[aesma]

How the Ripple lawsuit and appeal ends will be very interesting for crypto market. If Ripple fails with their appeal (I think so) the capital in Ripple will switch to bitcoin and a few top altcoins. More than $13,2 million will be available on the market. This capital is more than two-thirds of Grayscale investment in bitcoin.

Ripple: 487409 BTC (that will change with Ripple appeal result)
Grayscale's total holding: 607274 BTC. https://bitcointalk.org/index.php?topic=5256529.msg55932167#msg55932167

That's one advantage Bitcoin has we're not talking about often : we don't know who created it, so there is nobody for authorities to harass ! Smart, isn't it ?

[nelson4lov]

If institutions and whales are sending their Bitcoins to cold wallets for safekeeping rather than selling off at these prices, then, it's pretty clear that they don't think we're anywhere near the top yet. That only means that we're likely to see more upside movements before a major correction would come. My fears however, is that since if these institutions have huge BTC holdings, what happens when it's time for them to take profits? 

[DarkDays]

I think This is the biggest bull run bitcoin have ever seen as well as the longest bull run.

I agree, I used to think back in November that this is probably yet, but with the current market trend for BTC it seems that back then it was just getting started. Surprisingly, this is a new record for Bitcoin and one which will leave a positive mark for the rest of alts.

Very interesting to see it keeps going up. It might hit $30k soon. And lots of buying pressure coming in from institutions and big companies. I think in the next 1 or 2 years, bitcoin might be over $100k. Can't wait to see that... now it just waiting game.

Yup, the waiting game is about to get super serious now that speculations about what BTC value could be in 1-2 years. Perhaps, this is a strategic move that large investors like companies and institutions have gotten themselves ahead of??? Who knows... Though for me, one thing is clear - HODL BTC

[Lucius]

How the Ripple lawsuit and appeal ends will be very interesting for crypto market.

I'm sure you meant billions (instead of millions), and I have to admit that I'm not exactly sure what's going on with that altcoin - but I can see that its market cap has dropped by more than 30% in the past 24 hours. Sure, the money will spill over somewhere, but for anyone who held that altcoin, it would be really silly to decide to invest in another coin - apart from what Bitcoin shows, it's hard for me to understand someone is looking for an alternative when it comes to cryptocurrency.

My fears however, is that since if these institutions have huge BTC holdings, what happens when it's time for them to take profits? 

Let's call it the fear of all those who are still undecided about investing in Bitcoin - because no one can know what their intentions are and whether any of them will decide to sell everything at some point and thus start a chain reaction. However, we can hope that they still invest in the long run and that all possible sales will still take place via OTC - in the same way as they buy now.

My concern, however, goes in the direction that all of this BTC are in custodial wallets, which means not only they exposed to hacking, but they are left at the mercy of regulators and governments who can freeze them at any time.

[Karartma1]

My concern, however, goes in the direction that all of this BTC are in custodial wallets, which means not only they exposed to hacking, but they are left at the mercy of regulators and governments who can freeze them at any time.

It's a trade-off that can't be overcome right now. We knew that was coming: personally speaking, I wish the bitcoin community could have done something to counterbalance that during the crypto winter when the waters were calm.
Today it's too late.

[AakZaki]

Bitcoin is the future for modern payment transactions. Some institutions and whales get into bitcoin because they realize bitcoin is very valuable. So that many new people finally enter and invest in bitcoin. Even though whales and institutions stopped buying them, many holders of bitcoin and were able to survive until bitcoin reached the new history it is today. Bitcoin once hit its lowest point, but is currently able to reach its highest point. Whales and institutions will not just stop buying, they already have a good strategy to get more profit.

[Lucius]

It's a trade-off that can't be overcome right now. We knew that was coming: personally speaking, I wish the bitcoin community could have done something to counterbalance that during the crypto winter when the waters were calm.
Today it's too late.

If you think the crypto community should have bought most of the BTC and thus prevented large investors from investing, it was a mission impossible given that even during the greatest crypto winter the price did not go below $3000 - this is also expensive for the vast majority of small investors. But let's say that's happened and there's not enough BTC on the market to satisfy the appetites of big investors, do you think most would resist selling at prices that would surely be between $50 000 and $100 000?

I don't think it's too late for something, as always BTC has new challenges ahead of it and one of them is for sure how not to let most coins fall into their hands, especially not at such low prices if we understand the growth potential. However, there will always be those who will sell and those who will buy, we cannot prevent anyone from trading on the open market.

[aioc]

This is crazy the market has become the playing fields of whales and institutes and we small traders are benefiting from this, on long term with most of the supply are on hoard the price will go up, this will push the price to go $50000 or even up, is this the roadmap to 6 digit? I hope it is., the only downside is if they connive to crash the market, those with large amount can do that.

[Kong Hey Pakboy]

Whales are still buying bitcoin because bitcoin adaptability is rapidly changing that more people are accepting bitcoin and cryptocurrencies as a digital currency. It is the reason why bitcoin's price is currently stable and growing because it is being recognized by famous and non-famous people worldwide.

[BrewMaster]

How the Ripple lawsuit and appeal ends will be very interesting for crypto market. If Ripple fails with their appeal (I think so) the capital in Ripple will switch to bitcoin and a few top altcoins. More than $13,2 million will be available on the market. This capital is more than two-thirds of Grayscale investment in bitcoin.

you are missing two important factors.
first altcoin traders are mainly trading them against bitcoin, so there won't be any capital coming to bitcoin when they dump XRP to get BTC directly. consequently it won't affect bitcoin price.

secondly when altcoins dump their value decreases a lot specially when something this big and negative happens to them. add to that the centralization of XRP and failure of the company is the failure of the shitcoin so it won't take long to reach zero which means selling XRP won't give people that much capital anyways.

[idrisalomagold]

I have been looking on chart and other data on bitcoin for almost a week and I saw volume of trading were dropping each day. However, because of recent whales activities, the price had already stabilized making the market again in another consolidation but are we expecting consolidation? I think no.

I am convinced that these whales are not just an ordinary institutions, they are massively buying every sell off retailers executed in the market which makes the price to move even higher. Reaching 30k before year end or 1Q of  2021 could perhaps a good milestone for bitcoin to continue bullish cycle.

[MCobian]

I agree that whales and institutes are not planning to take profit any time soon, and continue to buy Bitcoin. It can be seen from the Bitcoin
price that there is also no correction, but the Bitcoin price continues to rise in price. This is a good thing in my opinion, because it will greatly
benefit us as Bitcoin holders. And also another positive thing that can happen is that it can attract new investors, because now Bitcoin has
become the center of attention in the investment world.

[shoreno]

I agree that whales and institutes are not planning to take profit any time soon, and continue to buy Bitcoin. It can be seen from the Bitcoin
price that there is also no correction, but the Bitcoin price continues to rise in price. This is a good thing in my opinion, because it will greatly
benefit us as Bitcoin holders. And also another positive thing that can happen is that it can attract new investors, because now Bitcoin has
become the center of attention in the investment world.

no correction and rise in price must be a perfect condition for them to start selling but i wonder why they didnt to that , what are they waiting for ? christmas is already over but new years arent yet however they did a good job for others .

i like how they sacrifice their own self gratification but we dont need to be shock soon or complain when the price suddenly crash hard because by that time happen , we know that its them taking profits .

[wxa7115]

Plus Bitcoin has become a more attractive investment priced at $27,000, than priced at $10,000. No one would be stupid to sell their coins on a "correction", when we know that $30,000 is a mere 10% away.

This is really one thing worth discussing, because the rules of the game have changed in favor of the big players, and to the detriment of the small ones. While BTC was relatively cheap it didn’t interest most of those interested today, but it didn’t really interest the average Joe too much. Now there is interest from everyone, only the average Joe looks at the price of BTC with great wonder, and it has become too expensive for him - while wealthy investors have no problem paying 1 BTC more than $30k if we look at the premium prices happening at Grayscale.

The higher the price goes up, the more interest the big fish will show - because big fish are attracted to big bait.

But this is the fault of the average Joe, they had years even a full decade to get in bitcoin and yet they did not do it, we know this day was coming and we were desperately trying to get everyone we could on board and they either did not listen or they made fun of us, so they are on their own and they will have to wait for the next revolutionary invention to come in order to reach anything remotely close to what bitcoin has given and will give in the future.

And even then I am sure they are not going to take advantage of that opportunity anyway even if it were to appear and people similar to us will try to make them invest in it only for the average Joe to lose the opportunity again.

[Kelvinid]

These market institutions are really preparing for the digitalization switch. They are not supposed to make and accumulate more if they are not seeing the possibility to get raid over fiat use. They are anticipating the future demand of Bitcoin and to believe that the price will get higher and higher as the adoption grows.

I don't think this was a trap and sort of manipulation but something warns us that sooner or later, the majority of the people will likely use Bitcoin and big companies are into accepting it.

[Walterhank]

They are going fully into the investing game. This could promote massive centralization.

[Wind_FURY]

Plus Bitcoin has become a more attractive investment priced at $27,000, than priced at $10,000. No one would be stupid to sell their coins on a "correction", when we know that $30,000 is a mere 10% away.

This is really one thing worth discussing, because the rules of the game have changed in favor of the big players, and to the detriment of the small ones. While BTC was relatively cheap it didn’t interest most of those interested today, but it didn’t really interest the average Joe too much. Now there is interest from everyone, only the average Joe looks at the price of BTC with great wonder, and it has become too expensive for him - while wealthy investors have no problem paying 1 BTC more than $30k if we look at the premium prices happening at Grayscale.

The higher the price goes up, the more interest the big fish will show - because big fish are attracted to big bait.

Then congratulations to US the plebs of Bitcointalk, who bought the dip, under $10,000 and front ran all the institutional investors. You know what to do, and what not to give everyone else what they want. HODL, your Bitcoin.

[Smartprofit]

I do not consider Bitcoin to be a speculative asset.  Yes, it is a deflationary asset, so it grows in value over time.  However, in 2021-2030, Bitcoin is about more than just price increases and profits.  Bitcoin is freedom.  

Various states are planning to create Central Bank Digital Currencies (CBDC).  At the same time, cash turnover will decline.  In the near future (2021-2030), cash will be completely withdrawn from circulation.  CBDC is digital money that limits people's freedom.  All income and expenses, all transactions will be tracked in real time.  

Bitcoin is freedom and independence in the totalitarian world of the future digital concentration camp.  Not everyone realizes this yet.  

However, representatives of the world's elites and the smartest businessmen understand this very well.  That is why the price of Bitcoin began to skyrocket in 2020.

[Wind_FURY]

I do not consider Bitcoin to be a speculative asset.  Yes, it is a deflationary asset, so it grows in value over time.  However, in 2021-2030, Bitcoin is about more than just price increases and profits.  Bitcoin is freedom.  

Bitcoin is simply a part of an asset class of its own category. "Classified Undefined" is more apt in my opinion.

Various states are planning to create Central Bank Digital Currencies (CBDC).  At the same time, cash turnover will decline.  In the near future (2021-2030), cash will be completely withdrawn from circulation.  CBDC is digital money that limits people's freedom.  All income and expenses, all transactions will be tracked in real time.  

Bitcoin is freedom and independence in the totalitarian world of the future digital concentration camp.  Not everyone realizes this yet.  

However, representatives of the world's elites and the smartest businessmen understand this very well.  That is why the price of Bitcoin began to skyrocket in 2020.

OR, they're buying it a speculative asset. But I'm confident, with how Bitcoin was designed, many of them WILL become HODLers.

[Wipeout2097]

As a matter of fact when I had the feeling that institutional financial specialists and whales are not abandoning purchasing a lot of Bitcoin was before Bitcoin hit its ATH, that is, during that time, when Bitcoin dump it won't be long for it to hurry up and begin developing once more, this was totally not the same as past bull run when a dump will prompt further dump, however this time around a dump was trailed by a siphon. Likewise, this means that Bitcoin has come to stay with us while disturbing the world frameworks, it is additionally a sign that the worth will continue expanding since it's conspicuous the huge players are truly holding and not selling at any point in the near future.