I caught this analysis from a neutral finance guy, and he mentioned that the crypto scene kinda sparked its own bull market lately. With regulations opening the door for BTC ETFs and more institutions getting on board, it feels like everyone who wanted to grab some Bitcoin has done so. And those looking to sell? They've all sold too. So seriously, who’s actually left to buy Bitcoin if we want to see prices go up?
Institutional investors have their share. Sovereign wealth funds are in the game. Even treasuries are holding some. Honestly, I’m not sure who’s gonna step in to buy more BTC after this.
Who's left to buy Bitcoin?
19 replies 307 views
This could apply to any price point in Bitcoins history, particularly at times when entering
a Bear market., regardless of the recent ETF's and institutional attention.
This could also apply to just about anything really!
Go to any exchange and you will see sell orders and buy orders, hell I even bought today
and price point pending will do so again tomorrow and possibly later in the week, and I'm
buying it from people who are still selling !
ah but there are people who dont have enough, and there are/were people who thought they
needed to get rid of it...
That's true, but in previous cycles you could definitely make the case that Bitcoin was much harder to buy for the average investor. Now Bitcoin is available to invest absolutely everywhere, and its legality questions are no longer a factor. You could say that today, Bitcoin occupies the same exact "shelf space" that every other investment occupies, and it's only a click away from everybody. That wasn't the case in previous cycles.
In other words, today, as opposed to in previous cycles, one can surmise that Bitcoin's market penetration among investors is close to 99% in terms of those who have the ability to invest, so it's unlikely that there will be more new individuals coming into the market.
It definitely is the case that more individual access gives Bitcoin the ability to reach levels its never reached since billions can now flow in to the market with a touch of a button. The price of Bitcoin, therefore, can go up faster than it's ever gone up, and its absolute ceiling is much higher now, but that too you can apply to just about anything .
coin_sigmaLegendary
Posts: 1275 · Reputation: 5553
#4Nov 14, 2020, 06:24 AM
Are you looking for a reason why the price is declining? You're looking at someone else who is selling that, causing the price drop?
No one knows, but we have a dark pool, which is not private; only those whales and hidden institutions behind it are also able to sell on the market without disclosing their intention to the public.
Small retail traders couldn't have much impact on the market, so even if we have a Bitcoin ETF and show some signs of bullishness on the dark pool, they can go against it.
So if you are looking for someone who is selling, then maybe those came from the dark pool.
And the question still comes, what percentage of the world have adopted bitcoin? what percentage have not and if they start buying bitcoin at this point, what effect will it have on the current price of bitcoin? as time goes, new people keep coming into bitcoin as some are becoming weak and some even going out. buyers keeps coming in and sellers are ever active and just like in previous times when it appears as though investors have seen it all, bitcoin always comes out strong with something really great and exciting.
The Bitcoin market is highly liquid, and it operates 24/7. There are always people who are willing to pay for BTC at any price. So OP's claim that nobody else wants to buy Bitcoin is not true. Even without the ETFs, Bitcoin's price has kept increasing in time past due to retail investors. Bitcoin awareness keeps growing everyday and new investors are buying at their own pace.
So what you're making is that no corporation would want to buy bitcoin again as they have bought sufficiently enough.
Does this include the top bitcoin investment focused corporations like:
_ Strategy MSTR
_ Twenty One Capital
_ Meta planet
_ Mara Holdings, etc.
Because from what I have researched about most of these corporations are just getting started with their bitcoin accumulation, which means they would keep buying
The OP's claim is of course not true because even though the spot ETF is largely owned by large pockets and institutions like Blackrock, Bitcoin has become incorporated into several payment plans and retirement plans too, making it an asset of value that is always going to be needed and available.
Even though more people tend to hold due to the current price of Bitcoin, it doesn't stop those who panic sell in these times to have buyers willing to jump on their offers.
cryptolordFull Member
Posts: 88 · Reputation: 316
#9Nov 15, 2020, 08:06 AM
Even if there are people selling, there will always be people buying, whether it's institutions, individual investors, or people who see this as an opportunity to buy more.
Just understand that Bitcoin has experienced worse situations than this, but it still eventually recorded a new ATH --- and it will continue to do so in the future. You may see Bitcoin's performance as quite poor now, but it will still recover and then record an ATH as market demand for it increases.
This makes sense, and I believe this has been very normal in our market for some time. Because if not, the entire Bitcoin market cap must not reach $1 billion, especially now, if everyone is just scripted, this money is not a joke, especially for institutional countries, businesses, and companies.
So for me, everything seems to be normal in every market, whether Bitcoin or not Bitcoin-related market.
stake_yieldMember
Posts: 25 · Reputation: 113
#11Nov 15, 2020, 11:37 AM
There will always be buyers, even the institution's will still buy again,
Like in a situation where by they want to increase their allocation in Bitcoin, they will still need to buy more as well
And there will still be new institutions and individual buyers that will want to newly buy as wel, there will always be buyers.
I don't think everyone who wants Bitcoin already has it
there are still a lot of people who dont really understand it yet or havent been able to buy any
You seem to have a rather shallow understanding on market and price.
There's never "everyone who wanted to buy Bitcoin has bought" without mentioning at very least the (max) price of buying.
Based on price and perspective, there may be more or less buyers.
Also the amount of fiat at hand matters a lot, e.g. I am 99% sure that Saylor would buy more if he's have more fiat. Heck, I'd also do the same.
And there's never a simple "everyone who wanted to sell has sold". Almost everything is for sale, it depends on the price. At 1M/BTC I'd also have some sats for sale. Wouldn't you?
Do you really think no one will buy bitcoin again after this? Even though the market is currently going through a slow period, the history of bitcoin shows that it has recovered from even worse situations and still went on to create new ATH records. Its normal that you asked this question during a bearish period, and it shows your curiosity about who will keep buying bitcoin. But if you think about it carefully, when bitcoin faced even tougher times in the past, there were still people who kept buying it.
Even now, many people still hold a good amount of bitcoin and they understand that the market will always go through ups and downs. No matter how bad the situation becomes, the buying and selling of bitcoin will always continue in the market.
People are almost similar as they have experience in the market by many purchases and sales. It's barely to have people with only one purchase and one exit or no exit so far. We can not identify them even with on-chain analysis as it's impossible to know how many addresses a person has.
Another contributor for having many purchases and sales is we all are unable to predict the market well, then we will make not perfect purchases and sales that trigger us to return to the market with other buying and selling positions.
While in a same market, there are buyers and sellers with opposite vision. Buyers see price is low and are ready to buy it for possible profit later while sellers feel like it's enough, price will not soar more so that they go by selling their coins. Interestingly both buyers and sellers are all wrong, so they mostly return to the market for buying bitcoin back or finding other opportunities of selling bitcoin at higher prices.
There are always investors or people that will want to buy bitcoin. Having bitcoin is one thing but the most important thing is how much of it do you have?. This alone answers your question of who else is there to buy bitcoin. Those that doesn't have much of it and those that are still starting to buy. Also don't forget bitcoin is limited in supply which means people will always want to buy or sell it.
You should know that if your point is valid every centralised exchanges will be feeling the heat right now, there will be no buy order and those who want to sell will get stucked due to no new buyers, volumes will also be affected, but that's not the case, which makes your point a not carefully picked one.
Right now many whales are still selling Bitcoin, do not forget that many whales got into Bitcoin at 17k and even 15k, they are still in big profits still, they are slowly selling their Bitcoin to secure some profits, Bitcoin is not like alternative coins, buying and selling will always go on because we are talking about a valuable asset here.
I wonder what makes him that impression, historically Bitcoin has been controlled by demand/supply so more people would definitely buy and sell, it's something that can never stop happening cause every hour of the day someone out there either buys or sells.
Maybe he was referring to some whales taking advantage of this bearish season to buy bulk Bitcoin but that doesn't mean thdy won't buy more remember that the market is still bearish so more whale and institutions would buy whereas weak hands would continue selling.
CalmLedgerSenior Member
Posts: 236 · Reputation: 1270
#19Nov 18, 2020, 07:24 AM
People will sell to others who want to have Bitcoin so that makes the price changing, up and down. We don't know who they are background and only see the buy and sell order are moving fast or slow.
Institutional or average people can buy Bitcoin so nothing to worry and you will see the price moving. The investors already know that Bitcoin is the best investment for them so they will still buy Bitcoin.
Think about how you will buy and when to sell. That's the main thing that should be important to you, OP.
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