What would happen if the major holders of bitcoin all decided to sell it all?

[pixie85]

If major holders sell their BTC there will be a new set of whales. Many people are waiting to get the cheapest BTC they could and buy as much as they can at the cheapest price possible. BTC will never go down to zero not unless the government declares it illegal or of internet shutdowns fully.

Do you really think so? What government?

Say a government of Japan decides Bitcoin is illegal, would it according to you mean that it would go to 0? When I first read it I thought that this is what you mean and if it is so then you're being naive.

If you knew hos the Internet is built you'd know that it's impossible to shut it down worldwide, unless you'd cut every wire between every server. Even if you'd manage to destroy connections between continents the Internet would still run with less servers and bitcoin would function with less nodes and less processing power.

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[Issa56]

There are lot's of people which are holding huge amounts of bitcoin and there are also lot's of big organizations or companies that are holding hug amounts of bitcoin!!! This set of people or organizations are the once called the Wales, they always have control over market they are the once that can pump and dump coins. They have the largest share in bitcoin which they are holding the largest parcentage of bitcoin. If people that are holding large percentage of bitcoin decide to sell off price of bitcoin will definitely crash and if people did not buy back I don't think Bitcoin price will be able to pump again!!! The main reason why bitcoin price is pumping is due to there are lot's of people investing in bitcoin there are lot's of organizations investing in bitcoin and still adopting bitcoin.

[xSkylarx]

For me, major holders won't just easily sell all their holdings in one price. They treat it as their long-term investment and would only sell a percentage at a particular price. Though price would definitely drop if they sell at one price but many buyers will be prepared to buy some of those at lower price. Some rich people could become a new whale if they accumulated many amount at that moment. If those major holders plan to buy again, their investment could not buy the same amount of bitcoin again.

[cryptozanga]

https://www.cryptoglobe.com/latest/2018/09/diar-research-less-than-1-of-crypto-wallets-hold-87-of-all-bitcoins/

It's kind of concerning that so few people hold so much bitcoin.

Are these holders even active or what? I'm guessing they bought at the beginning and are all just holding.

This is the biggest problem Bitcoin have at the moment.

[AmoreJaz]

There are lot's of people which are holding huge amounts of bitcoin and there are also lot's of big organizations or companies that are holding hug amounts of bitcoin!!! This set of people or organizations are the once called the Wales, they always have control over market they are the once that can pump and dump coins. They have the largest share in bitcoin which they are holding the largest parcentage of bitcoin. If people that are holding large percentage of bitcoin decide to sell off price of bitcoin will definitely crash and if people did not buy back I don't think Bitcoin price will be able to pump again!!! The main reason why bitcoin price is pumping is due to there are lot's of people investing in bitcoin there are lot's of organizations investing in bitcoin and still adopting bitcoin.

such scenario will not happen, imo. but on the theoretical side of things, of course, it will crash. in reality, it would take a lot of communication before this movement will happen. and i dont think thats an easy job to do.
as the use case of crypto is getting clearer these days, owed to pandemic crisis. i dont think these major holders will decide to sell their stash, now that many people are into crypto, bitcoin in particular.