sherryDEFI (OP)
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June 24, 2021, 06:30:10 AM |
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Bitcoin is limited in quantity. News like so and so billionaire or so and so company bought 100,000 BTCs is now commonplace due to the dip. Will there be a time when there will be no bitcoin to buy. If so then what will happen then?
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BlackHatCoiner
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June 24, 2021, 06:36:29 AM |
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There will always going to be people willing to sell their BTC. The first one who comes into my mind are the miners; everyday the Bitcoin network adds 900 BTC to its circulation, don't you think that they'll sell? Note that Bitcoin isn't held only by whales. IMO, it has the greatest wealth distribution a currency can have. Sure, some whales will always be ahead of the average user, but doesn't that happen with the dollar as well?
Besides Saylor and those twins, I don't know any other person who bought 100,000 BTC.
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Bttzed03
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June 24, 2021, 06:43:18 AM |
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Those who hoard will eventually sell at their own price target. BTC is limited and so are people's wealth. They cannot lock their money on any investment like bitcoin forever. I expect Michael Saylor unloading at six figures.
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UKprod
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June 24, 2021, 07:35:49 AM |
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Don't really think anyone can keep hoarding all of Bitcoin or and hold on for so long. At the end of the day they will have expenses and spend the bitcoin. And as people hoard more bitcoins, it is going to get more expensive and they are likely to sell some Bitcoin and book profits. So, it is highly unlikely that some whales hoard all of the bitcoin and we run out of bitcoin.
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Lorence.xD
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June 24, 2021, 07:44:07 AM |
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If they are the only one who hoards then the market won't move which means that they won't be able to make some profit, it's not of their best interest to hoard because they rely on manipulation and hoarding is going to be difficult for them.
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hatshepsut93
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June 24, 2021, 09:55:57 AM |
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Bitcoin is limited in quantity. News like so and so billionaire or so and so company bought 100,000 BTCs is now commonplace due to the dip.
It's absolutely not a commonplace. Microstrategy is the only company that accumulated close to 100,000 BTC. The rest of them have much less than that. And public institutional buying has stopped months ago. Majority of Bitcoins are still held by non-whales, and a lot of the "whale wallets" are just exchanges and other services. Also, whales sell too, they aren't going to hodl till they die of old age.
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xSkylarx
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June 24, 2021, 10:09:48 AM |
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Whales will always reach a point that they will sell their bitcoin, they can't just hodl without a goal of having profit from it. Why do you think market crashes, price will just go up if many whales will just hodl. You didn't invest just to make it a display, it is an asset like gold. Bitcoin in the crypto market or exchange can't just easily run out of supply. Just imagine the current price at that time multiply to its total supply, that would be the total money needed to purchase all the bitcoin in the market.
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cryptomaniac_xxx
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June 24, 2021, 10:22:19 AM |
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Bitcoin is limited in quantity. News like so and so billionaire or so and so company bought 100,000 BTCs is now commonplace due to the dip. Will there be a time when there will be no bitcoin to buy. If so then what will happen then?
At certain point, investors and speculators will have to sell their bitcoin to make a profit. So I doubt that we will run out of it. Although there are news like in December wherein exchanges are running out because there is a mad rush, more demand and we have seen it base on the price. However, since bitcoin is in a cycle, there will be constant moving of bitcoins around the market. Maybe some average joe are willing to sell at this "xxx" price because they have made so much profits. Or whales dumping their stash, and then buying it back when it goes down again. So it's going to be cyclical.
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acener
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June 24, 2021, 10:36:05 AM |
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If they could Hoard it all then they would simply set up a price for it. They wouldn't just hold it forever they bought it to gain profit, The only downside of it is that the market is being manipulated by that hoarder if it ever happen.
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Reatim
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June 24, 2021, 10:47:35 AM |
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Bitcoin is limited in quantity. News like so and so billionaire or so and so company bought 100,000 BTCs is now commonplace due to the dip. Will there be a time when there will be no bitcoin to buy. If so then what will happen then?
The market must move up and down for this to maintain its health, so Even whales need to sell for them to remain profiting in this market. so with that means there is no chance that hoarding will happen constantly for years , Whales mostly are not the typical HODLERS we are talking here so they may hoard but not for a longer time. and besides if they can do it, surely they have done that long years before but why does this not happening ? simply because they cant. If they could Hoard it all then they would simply set up a price for it. They wouldn't just hold it forever they bought it to gain profit, The only downside of it is that the market is being manipulated by that hoarder if it ever happen.
Manipulation issue is commonly talked but there are no strong proof that this is happening . they may shaken the market but they cannot totally control the movement.
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joniboini
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June 24, 2021, 10:54:04 AM |
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Either the price will skyrocket or it will dump heavily because the market believes the asset is no longer has any value. I doubt it will be the latter though.
You don't really need to imagine it though, right now you can even see how the market reacts when an address that holds 1% of Bitcoin supply does some transfer. Either they celebrate or get panicked from it.
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Taskford
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June 24, 2021, 11:10:41 AM |
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Bitcoin is limited in quantity. News like so and so billionaire or so and so company bought 100,000 BTCs is now commonplace due to the dip. Will there be a time when there will be no bitcoin to buy. If so then what will happen then?
There's no such thing all whales will buy the whole supply since they also need buyers to accumulate their profits, Imagine if they do that we cannot see a healthy movement of bitcoin also bitcoin is based on supply and demand so for sure there's no hoarding of all supply will happen and if there is provably we can see only a little percentage on bitcoins. But I also believe that if whales will hold for a while we can see a temporary pump from it since it can lessen the stress from selling.
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aoluain
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June 24, 2021, 11:20:52 AM |
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There will always be people who want to sell and/or have to sell, those people could be average people or indeed whales.
Bitcoin is deflationary, the supply to the market is decreasing every 4 years, next HALVING is less than 3 years away in 2024, so mining rewards are reduced from 900 every 24 hours to 450 this in theory would suggest that the simple rule of Supply and Demand would mean that ..."the market run out of BTC to buy" but as above there will always be sellers (and buyers)
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Carlton Banks
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June 24, 2021, 11:38:02 AM |
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Will there be a time when there will be no bitcoin to buy. yes, the bitcoins will run out and we will all be very sad If so then what will happen then?
a big party (whales only). if people were smart, they would increase their asking price when whales start buying, but how do you know it's a whale buying, and not a mackerel? because of this, whales will buy all bitcoins, and mackerels will accidentally sell everything they have to whales. checkmate bitcoin! whales win, you lose!
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Vires in numeris
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Welsh
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June 24, 2021, 11:43:16 AM |
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You don't really need to imagine it though, right now you can even see how the market reacts when an address that holds 1% of Bitcoin supply does some transfer. Either they celebrate or get panicked from it.
The market currently isn't representative to what I expect it to be closer to the limit of Bitcoins being released. Currently, we have a very investor, and speculator heavy user base, due to the quite obvious draws that a volatile market brings. However, over time you'd probably expect Bitcoin to be used more as a currency or a reserve than a investment opportunity. So, while the market reacts quite heavily to whales moving coins now, I expect this to be less so in the future.
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DannyHamilton
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June 24, 2021, 04:35:14 PM |
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so and so billionaire or so and so company bought 100,000 BTCs is now commonplace due to the dip.
Assume that Bitcoin eventually (perhaps in the near future?) reaches $100,000 per bitcoin. 21 million bitcoins times $100,000 per bitcoin is $2.1 TRILLION dollars. The richest man in the world right now has less than $200 BILLION dollars in total net worth. It would require more than 10 of the richest people in the world to all hold 100% of their net worth entirely in Bitcoin (unlikely). If any of those "whales" want to diversify into precious metals, or agriculture, or real estate, or business ownership, or stocks and bonds, or fine art, or any other investment, they'll need to sell or spend some of that bitcoin. If they want to purchase a vacation home, or a yacht, or a jet, or a luxury car, they'll need to either sell or spend some of that bitcoin. When it comes time to pay taxes, they'll need to sell some of that bitcoin. Furthermore, I won't be willing to sell all of my bitcoin at $100,000. Therefore, the whales won't be able to get their hands on all of my bitcoin unless they pay a LOT more. There are a lot of HODLers that feel the same. As such, the whales will need to push the price a lot higher to get their hands on more and more bitcoin. At $1,000,000 per bitcoin, a non-whale can still buy $100 worth of bitcoin for $100 (plus a small transaction fee). They can still spend that $100 worth of bitcoin on $100 worth of products and services. However, for a whale to acquire a larger percentage of the total bitcoin in circulation they need to spend a LOT more money. The larger percentage they try to hold, the more expensive it gets for them to substantially increase that percentage.
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Little Mouse
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June 24, 2021, 04:43:15 PM |
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If there are buyers in the market but no seller (which I think is impossible), significant price pump will be there and most probably that's the time when fiat will collapse but I don't think we are going to see this soon. Still people buy bitcoin for the purpose of having a great investment profit, not for the fear of fiat getting collapsed. It would be more interesting to see this thread on economics board.
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CryptoYar
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Yes, many companies are indeed buying bitcoin nowadays, their list is available below. # | Company Name | | Total Bitcoin | 1 | MicroStrategy Inc. | | 92,079 | 2 | Tesla | | 48,000 | 3 | Galaxy Digital Holdings | | 16,402 | 4 | Square Inc. | | 8,027 | 5 | Marathon Patent Group | | 4,813 | 6 | Hut 8 Mining Corp | | 2,851 | 7 | NEXON Co Ltd | | 1,717 | 8 | Voyager Digital LTD | | 1,239 | 9 | Riot Blockchain, Inc. | | 1,175 | 10 | Aker ASA (Seetee AS) | | 1,170 | 11 | Meitu | | 940 | 12 | Coin Citadel Inc | | 513 | 13 | Cypherpunk Holdings Inc | | 350 | 14 | Advanced Bitcoin Technologies AG | | 254 | 15 | BIGG Digital Assets Inc. | | 239 | 16 | Cypherpunk Holdings Inc. | | 235 | 17 | DigitalX | | 215 | 18 | Hive Blockchain | | 211 | 19 | Fortress Blockchain | | 163 | 20 | The Brooker Group | | 122 | 21 | Mode Global Holdings | | 85 | 22 | Neptune Digital Assets Corp. | | 75 | 23 | FRMO Corp. | | 63 | 24 | Mogo Inc. | | 18 | source
Will there be a time when there will be no bitcoin to buy.
I would say that the way you and I are buying bitcoin so that we can get a good profit after holding some months or year. In the same way, companies also buy bitcoin so that they can get profit by selling it at a high price. Example MicroStrategy had bought bitcoin for $29k and now want to sell it at $39k because MicroStrategy getting a good profit. Now Tesla buys these Bitcoin from MicroStrategy but will sell them for $50k you must have seen that the micro strategy bought cheap and sold at a high price and And Tesla is trying to sell the bitcoin more expensive than the price at which it was bought. So bitcoin will always be in the market for trading. yes, its price will go up... And that's what we all want
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batang_bitcoin
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June 24, 2021, 06:16:25 PM |
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That's possible. I remember during the very bullish time a few months ago that exchanges like eToro made an announcement that they're limiting their users the quantity for buying bitcoin. The reason is they don't have much supply left and that's really possible to happen in the future. But I think these exchanges can adjust on it, if the whales are wanting to buy more bitcoins, they're also wanting it to be liquid but they'll only do that in profit.
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DeathAngel
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June 24, 2021, 07:12:51 PM |
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The fewer coins available to buy on exchanges, the higher the price. I don’t think there's going to be a total lack of available coins until the dollar totally collapses any way.
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