Who are buying all these bitcoin

[AB de Royse777]

Unfortunately I have sold some of my coins yesterday. Not much fortunately but just sold them because:

1. I may re-buy if the price goes down significantly 
2. If the price never goes down then I will invest it in real estate.

I am observing the price movement from last few days. It feels good that your coin value against fiat (valueless printed papers) is getting better and better. The pressure of buying is higher and some of us selling in it.

I have lost some of my coins in this trend of course. If I had x bitcoin now I have x - 1 coin. Like me there are bitcoiners who are cashing out more or less. 2017 gave us some lesson.


But is there a new lesson which is waiting for us?
Imagine someone or an institute or a group of institutions or agency who are allowed to print papers (money) as much as they can and putting all in the bitcoin market. Coins are going to their wallet until the last few left.

I hope this is not the lesson we will learn in the future. I hope all we have our coins in our own wallet and in the future we all live in a bitcoin ecosystem.

[hatshepsut93]

I have lost some of my coins in this trend of course. If I had x bitcoin now I have x - 1 coin. Like me there are bitcoiners who are cashing out more or less. 2017 gave us some lesson.

If you have made a decent profit on your trades, there no point in regretting that you could have gotten more, because it's impossible to make perfect trades.  If you're selling at a profit, you're gaining real value and losing some imaginary value.

But is there a new lesson which is waiting for us?
Imagine someone or an institute or a group of institutions or agency who are allowed to print papers (money) as much as they can and putting all in the bitcoin market. Coins are going to their wallet until the last few left.

Private institutions like bank won't print money to bank Bitcoin, because that would be a fraud that when uncovered would put them into deep-deep trouble. Governments won't print money to buy Bitcoin, because it would just decrease the value of their fiat, that would be suicidal for them.

[HeRetiK]

Imagine someone or an institute or a group of institutions or agency who are allowed to print papers (money) as much as they can and putting all in the bitcoin market. Coins are going to their wallet until the last few left.

Isn't that essentially what most ICOs and premined alts have already been doing for a couple of years now?

I doubt any major government would go into hyperinflation just to get their hands on Bitcoin. The economic damage would be too great, as would be the conflict of interest since most rich people still denominate their wealth in fiat.

Additionally Facebook has shown that any larger company attempting to create a "cryptocurrency" will get stomped by international regulation and Venezuela has shown that governmental cryptocurrencies are not exactly wanted.

Only way we are going to see an extraction of Bitcoin via printed tokens is by whatever hot new "decentralized" fun coupons the next wave of newcomers is going to be lured with and that amount is going to be comparably negligible.

[AB de Royse777]

If you have made a decent profit on your trades, there no point in regretting that you could have gotten more, because it's impossible to make perfect trades.  If you're selling at a profit, you're gaining real value and losing some imaginary value.

Just to make it clear, my regret is not the price point I sold.

I am concern about who are buying the coins, where will all these coins will go eventually. The coins I sold has already planned for some purpose, one is re-buy if the price drop significantly or invest in real estate.

Isn't that essentially what most ICOs and premined alts have already been doing for a couple of years now?

Yes they do. Thanks for bringing it.

In 2017 when we had this ICO era, there are a lot of people lost their coins just with this hope that they will be able to accumulate some more bitcoins. In reality they just lost their coins and those ICO owners were walking away with the coins.

[kryptqnick]

Back in 2017 I was so focused on the price and kind of greedy about the overhyped transaction fees that I wanted to sell, but didn't, and then I had to sell at a much lower price and wasn't happy about it. But nowadays I'm just calm about it all. I've decided not to care about the price and so far I'm doing pretty good. I'm not selling now because I don't need money, but I will sell once I do (I'd love to spend BTC directly, but it's not an option for now).

Private institutions like bank won't print money to bank Bitcoin, because that would be a fraud that when uncovered would put them into deep-deep trouble. Governments won't print money to buy Bitcoin, because it would just decrease the value of their fiat, that would be suicidal for them.

Well, people in the US are likely to receive stimulus checks again, and this money will come from printing more. If they then spend it on BTC (as some allegedly did the first time), it would be that the system supported Bitcoin, but of course indirectly. I do agree that there would be no such direct steps because it's irrational for them to betray their currency.

[Tushar Ramani]

Imagine someone or an institute or a group of institutions or agency who are allowed to print papers (money) as much as they can and putting all in the bitcoin market. Coins are going to their wallet until the last few left.

Isn't tether is doing something like this? They haven't backed 1 tether to one entire USD. If they have, where is the proof? If situation comes to what you have quoted, it will go out of hands.

[Stedsm]

How high do you expect BTC to go is where your stance must be, but that should be till you're possessing some and have the patience to hold it for longer. If you've sold it even for 10% less at like 26k USD and you wake up the next day and see it over 28500, I think you shouldn't be regretting but grateful that you held it at times when it was holding hard under $10k .

I don't believe that all will be making it to go that high, because then it'll be super-bullish and there'll be no sellers which will increase the price to enormous levels which some bears literally won't want, so they'll definitely increase the sell pressure once they too make enough on their investments. These firms are also not going to hodl forever and just think, that once these people decide to sell, what will the picture be on the charts.

[romero121]

I find the plan of investing on real estate to be a good choice when the market isn't declining. Based on the property we've invested we'll get better and bigger profit. With cryptocurrency the important rule is, don't miss opportunities. Going through a series of survey we can get a clear picture of majority of bitcoiners missing the opportunities. Myself had the plan of investing on real estate, but I missed the opportunity when the market peaked high during 2017.

[cabron]

If you haven't sold the first last 2017, you certainly learned a lesson when the price horribly goes $3k. Taking profit is necessary because feels like the bullrun today is very different than in 2017. Its BTC bullrun only.

I Would really be waiting for altcoin season before taking profit but if its not going to happen I think its good to sell.

[bitmover]

Unfortunately I have sold some of my coins yesterday. Not much fortunately but just sold them because:

1. I may re-buy if the price goes down significantly 
2. If the price never goes down then I will invest it in real estate.

We are all having amazing gains.
It is not a shame to cash out and take some profits. It's ok.

Just keep a stash of holding bitcoin, and do not sell those for next years. I would wait at least the next halving to sell my coins.

World is changing, and bitcoin might have a role to play in the future.

We are 25k now, but this is a short term movement. Next months it may be 17, 15... if it does, buy back. But in long term, we might see one or more zeros in its price, and buying at 15 or 27 won't make a difference

Personally  I dont like to sell trying to get a better price in the upcoming months. This is like gamble. You took some profits, go buy some real states if the price goes up. This is a good movement imo.

[Beparanf]

It's too early to sell IMHO considering a lot of big company are now investing on BTC compared during 2017 which the price is pure hype and false promise from different influencer like McAfee and so on. Its not bad to cash-out as long as you have already profit and you enter early.

I'm just saying that there's still a lot of space for BTC to still grow.

[NeuroticFish]

I am concern about who are buying the coins, where will all these coins will go eventually.

Most probably into some fat wallets of institutional investors...sooner or later.
There's a possibility they'll stay for a while in the wallets of OTC / intermediaries the institutional investors use.

Like me there are bitcoiners who are cashing out more or less. 2017 gave us some lesson.

2017 gave a lesson, but actually two: one was that it's wise to cash out now and then if you need to. Another one came now, telling that even if you didn't cash out, if you had the patience to wait you are still not at a loss.
However, I envy you, including the fact you have the .. strength to cash out when the bull run may have just started.

[Fesatmas]

Unfortunately I have sold some of my coins yesterday. Not much fortunately but just sold them because:

1. I may re-buy if the price goes down significantly 
2. If the price never goes down then I will invest it in real estate.

I am observing the price movement from last few days. It feels good that your coin value against fiat (valueless printed papers) is getting better and better. The pressure of buying is higher and some of us selling in it.

I have lost some of my coins in this trend of course. If I had x bitcoin now I have x - 1 coin. Like me there are bitcoiners who are cashing out more or less. 2017 gave us some lesson.

You are still lucky, and I have been losing bitcoins since 2018, at the time of the first hallving all the bitcoins with an amount of about 10 I had spent without remaining.
So sometimes it feels like something is missing, right now I'm the only person who can watch bitcoin go up without selling it. but after all that, I still feel grateful to have become one of the sellers of bitcoin with an amount that I think is not small.

[joniboini]

In the end, it's all about profit. I don't think those whales or institutions buy them and then kill the market, they'll probably try to make sure they can survive as long as they can and earn as much as they can. The network is probably not gonna be affected unless these guys suddenly started throwing cash around to run their own node and mining rig to control the network.

[The Cryptovator]

But is there a new lesson which is waiting for us?
Imagine someone or an institute or a group of institutions or agency who are allowed to print papers (money) as much as they can and putting all in the bitcoin market. Coins are going to their wallet until the last few left.

Printing fiat to buy Bitcoin? Really it wasn't in my mind before you write it here. Printing money isn't possible without the government's involvement. But don't think any government will allow any agency to do that. Even a government can't print money if they just want. It depends on their wealth. Otherwise, their economy will be collapsed due to print extra fiat.

I have sold a part of my bitcoin just a few weeks back and holding USDT. Thought I will buy back when drop the price, but it did not happen. Always not happen what we expect really.

[passwordnow]

It seems that we're going to learn another lesson this time. But this could also be at the top and if you have sold, no need to think of it because you have already the money and you've got plans if it didn't meet the price you're about to rebuy. Unlike me which I've sold for very minimal reasons and that's a heavy lesson to learn.

In the end, it's all about profit.

This is just what I have to think if I've sold at a lower price but still got the profit from that price.

[Asuspawer09]

I've done the same thing selling my bitcoin at 27,000$ that I think is a good thing since I don't think that market price will continue to pump.

And with that, I have a lot of room to reinvest my money from the 10k$-20k$ market price of bitcoin again, I think it's not that bad since even if the market price continues to pump we still make a good profit because we still buy on low and sell on high market price. We could always expect at any moment for the market price to go dump because some investors are gonna sell their investment soon as the price continues.

You could never go wrong when it comes to real state investment so it's a good choice if the market price continues.

[bassbity]

I've done the same thing selling my bitcoin at 27,000$ that I think is a good thing since I don't think that market price will continue to pump.

And with that, I have a lot of room to reinvest my money from the 10k$-20k$ market price of bitcoin again, I think it's not that bad since even if the market price continues to pump we still make a good profit because we still buy on low and sell

take it easy, the market will give us another chance to buy it. maybe for now the profit you get is quite good with the calculation of time. because other times you can benefit more from it. stay consistent and always look for the ideal side movement to overtake the position ..

[FireBallex]

Unfortunately I have sold some of my coins yesterday. Not much fortunately but just sold them because:

1. I may re-buy if the price goes down significantly 
2. If the price never goes down then I will invest it in real estate.

I am observing the price movement from last few days. It feels good that your coin value against fiat (valueless printed papers) is getting better and better. The pressure of buying is higher and some of us selling in it.

I have lost some of my coins in this trend of course. If I had x bitcoin now I have x - 1 coin. Like me there are bitcoiners who are cashing out more or less. 2017 gave us some lesson.


But is there a new lesson which is waiting for us?
Imagine someone or an institute or a group of institutions or agency who are allowed to print papers (money) as much as they can and putting all in the bitcoin market. Coins are going to their wallet until the last few left.

I hope this is not the lesson we will learn in the future. I hope all we have our coins in our own wallet and in the future we all live in a bitcoin ecosystem.

It's impossible that Bitcoin price won't ever go down, just listen to yourself, bitcoin is not a stable coin and it's certain that price will go down later, probably after the bullrun is out of energy, you can make more money faster with crypto compared to real estate

[Asuspawer09]

take it easy, the market will give us another chance to buy it. maybe for now the profit you get is quite good with the calculation of time. because other times you can benefit more from it. stay consistent and always look for the ideal side movement to overtake the position ..

Agree with that but it's really surprising after reaching the ATH of bitcoin and then surpassing it up to 27k$ and then kinda stay in around that market value.

It's impossible that Bitcoin price won't ever go down, just listen to yourself, bitcoin is not a stable coin and it's certain that price will go down later, probably after the bullrun is out of energy, you can make more money faster with crypto compared to real estate

I agree investment in cryptocurrency could give you more profit than investing in the real state but the real state is still not that risky compared to investing in cryptocurrency or other investments.

The value of the real state is always increasing through the years, and at the same time, you could make it as a passive income something like a rental property.