Is a big Bitcoin sell-off on the horizon?

I can’t help but think back to April 1st when this forum felt more like a dollar exchange rather than a place for Bitcoin. But honestly, there’s often some truth behind jokes. So, is there a chance that the big Bitcoin whales might decide to cash out for dollars? Instead of just dipping to around $40,000 like a lot of folks are predicting, could we see it plummet to $10,000 or even lower?

It’s not quite that extreme. But if you look back at last year alone, there were a few whales who had been holding onto their coins for a long time—in some cases, more than a decade—and they took the opportunity to sell at $100,000 or slightly higher. The fact is that the limited nature of the supply makes the scenario you describe quite unlikely, though not impossible.

A technical failure on the Bitcoin network is probably one of the very few things to make Bitcoin fall below $10k. A sell-off won't do it. This is because the more Bitcoin price drops (in a normal situation), the more people would want to take advantage of the dip. To have a situation where there will be no demand whatsoever for Bitcoin, knowing fully well that the price would go back up, is almost impossible. That is why I believe only a technical failure can do that. Let's say a software that can somehow break addresses and take out Bitcoin or something else that would make the network no longer secure. It could be something that reroutes unconfirmed transactions to another recipient address. A succesful 51% attack too. And even though these things are theoretically possible, it is computationally infeasible to happen, yet. These are the kind of things that may cause a crash of below $10k. IMO, the usual dip and bear market crash cannot do it.

The April 1 event was a joke, and we have had different types in the past years. So I don't think there is any grain of truth in that. There have been several predictions of Bitcoin losing the majority of its value over the years. Some even predicted that it would go to zero. But none have ever come to pass. Bitcoin is now an integral part of the global financial system. Maybe a total global ban on Bitcoin or the shutdown of the internet might be a situation that might affect the price heavily. But the possibilities of these events happening are very slim. Don't allow the fear of the unknown to stop you from investing in Bitcoin. Some people who had this mindset are regrtiing it because it made them lose the oppurtunity to buy cheap Bitcoin.

It will take a ton of the market going down to $10,000 and that there could be one negative news that will pull the trigger of most institutions to sell their Bitcoin. So I don't know if there will be such catastrophic event in the future. As for the $40,000, possible as we are in the bearish trend, but it will be just temporary as it is a great and golden opportunity that big investors doesn't want to miss so for sure it will bounce back. The joke on April 1 is obviously for April's Fool and every year Theymos is doing it traditionally. So I don't think that there is comparison whatsoever.

Stop dreaming, bitcoin is not in the control of the government so a day that all bitcoin holders will sell all convert all their bitcoins to the United State dollars will not exist. I don't even know how you reason, do you know the turmoil that bitcoin has experienced since it was created till now? still the market is stronger and has a strong support that has made it not to experience severe DIP. The disappearance of Satoshi Nakamoto is even enough reason to convince us that there will be no disturbance that will cause all major investors to liquidate their bitcoins to the United State dollars.

There cannot be a major sell-off in Bitcoin, as everything is not centralized and we will always have both the buying and selling on an equilibrium stage, while we see more of the volatility based on the shift being experienced from both the demand and supply rate of Bitcoin, there are some things that we should not expect to see them happening on the Bitcoin network, this is why we need to clarify some of our doubt about bitcoin by learning to know more from the protocols in which the network was made.

I don't believe bitcoin will plummet to $10,000 ==> even as low as 0$, this is different from previous cycles and is now much stronger where bitcoin can survive as low as I predict $50,000 that is unlikely to happen otherwise there will be massive selling. Even when in April there were so many hacks that in total if the amount was hundreds of millions of dollars, it did not affect the price to drop, until now the price is still quite stable with an upward trend, if someone thinks like that then I say they panic.

Another bearish year another bitcoin to $10k call again. Bitcoin is actually unpredictable and we all can just speculate about it and can’t predict the exact price but regardless of that I will confidently say that just like it was said in 2022 bearish year that bitcoin is not going to $10k again. Bitcoin market in every bullish year actually attains new highs and that’s something to tell us that we are not going back to some lows again. The volatility of bitcoin is reducing due to not only the market capitalization only but also due to the rate at which the market adoption is growing. $10k from an ATH of $126k means bitcoin has fell off from his ATH with 92% fall. That’s an unrealistic expectations in my opinion due to the reduction in volatility. Even a 60% fall is considered by some analysts as unlikely talk about 92% fall.

The possibility of that happening is there, but it's very slim. There are things which are just speculated to be reasons which could convince many whales to want to take such a step, but then again, not all will even want to dump, no matter what the reason will be. Let's say, for instance, if the rumour of quantum computing coming to operation sooner than expected is real and someone is able to use it to crack down on Bitcoin private keys just to test run if it works or not and the news of such is spread without Bitcoin developers already coming up with a solution, it can trigger a massive sell-off, and there might be more sellers than buyers.

It would have to be a very catastrophic event triggering off the massive sell-off. Lately, I don't know if the world or disastrous natural events can massively affect the price of Bitcoin anymore, maybe to a smaller degree, but back then, if you remember, there was the onset of lockdowns due to COVID-19. Markets started bleeding red, and Bitcoin wasn't spared either. I don't want to say near future, but anything can happen. After all, everything that goes up must come down at some point.

So you expect all the institutions, governments, whales, and retail investors to come together, create a plan and execute that plan all at once to sell all their bitcoins so that the price drops directly from where it stands to around $10,000. And, when they are go for selling those bitcoins, how exactly are they going to do it? There has to be enough buyers for them to be able to sell them all, and, if there are buyers on the other side buying all those bitcoins from them, how will there only be selling pressure when there is buying also going on constantly while they are selling? It is not like they just dump their bitcoins somewhere and go away, there has to be enough buyers for them to be able to sell them, which basically reduces the selling pressure eventually, so such a thing won't be possible. With that being said, firstly, it is not possible for all major Bitcoin holders to sell all their bitcoins at once, and if they do it one by one, the market has matured enough to actually take dumps like that and absorb it normally without affecting the market or the value of Bitcoin much. We have seen such things happening in the past, such as Silk Road bitcoin sells from the US authorities.

People have been imagining scenarios like this since Bitcoin was worth less than $100, and they apparently haven't stopped to this day. Unfortunately for all of us, something has changed for the worse since then, and that is that a lot of coins have been bought by those who will surely sell if they feel something is wrong. Only Saylor and spot BTC ETFs (US) have slightly less than 2 million BTC, which is practically about 10% of all mined coins, and if a mass outflow were to occur there, I don't even want to speculate where the bottom would be. However, it could happen at any time, and it doesn't have to happen for a very long time.

Very possible that there is a major sell off in Bitcoin market, but we should also consider that this has been happening over time by the Whales, as they were found selling and buying in the same direction whereby it causes the market shift on a particular range when either of the two happens, even though we don't know how or where such may occur, but we can always treat the market as being a volatile one with the expectation of anything related to this to happen now or in near future time to come.

Bitcoin is not the only cryptocurrency and it's seen as the father of all cryptocurrency so whatever price action happens to bitcoin would affect every other cryptocurrency and would be a bloodshed in the crypto world probably causing the downfall of all crypto. So with this analogy in mind,  do you think there would come a time where every crypto holder could exchange their coin for dollar? Even at that, bitcoin has a fixed supply so would not crash easily with such actions, though it seems impossible to happen.

No, we will never touch the $10k price again even if there is one storm in the bitcoin cycle now, at worst it will be at the $40k price level which is the worst limit in my opinion. You don't need to think about things that are very difficult to accept by your own mind, bitcoin will not be like that, because bitcoin has been made a store of value, if you want to see bitcoin candlesticks touching $10k, then meet bitcoin in previous cycles, don't look to the future. We may have fear but that fear does not need to be a ghost that overshadows the mind.

It is not impossible that investors who have held Bitcoin for a long time will eventually sell their Bitcoin. Everyone who holds Bitcoin for investment purposes certainly has their selling targets. Maybe at $150k or $200k. Or maybe at $1 million. But will that cause Bitcoin to eventually drop to that level? Large-scale selling will definitely affect the market, even the movement of Bitcoin from addresses that have not been active for a long time can trigger some speculation in the market. There is definitely an effect, but maybe not to that extent.

Who among you remembers the dot-com crash? And then, seven years later, the mortgage crisis in the U.S.? The index S&P 500 fell by 50% twice within a single decade. Prior to that, a similar crisis occurred in 1972. And even earlier still, there was the Great Depression in the U.S. - a time when people were literally starving. So, historically, major crises occur once every 30 years.

At some point, we might see long-term Bitcoin holders finally selling Bitcoin that has been stored for a long time. But that doesn't mean it will cause the price to fall drastically. Besides, I believe that won't happen in a short time. All of us who invest certainly want to make a profit. But those who have held large amounts for a long time, maybe their goal is not just investment.

We see from time to time, early investors selling there bitcoins to get their reward of holding bitcoin for so long. This practise will continue as every investor will sell its bitcoin someday. This won't be a problem because if some investor is selling then some other investor will be buying and cycle will continue. Those who are buying today will eventually sell when price will go above 100,000$ and we have people who are willing to buy bitcoin at that time. As long as there is community that is willing to sell and buy bitcoins, there won't be any problem for Bitcoin price.