Quote from: jasonjm on December 18, 2013, 07:29:51 AM

Quote from: massivebitman on December 18, 2013, 07:25:57 AM

Quote from: jasonjm on December 18, 2013, 07:23:19 AM

Quote from: raid_n on December 18, 2013, 07:17:46 AM

Quote from: piramida on December 18, 2013, 07:15:28 AM

no, alot of these wallets understand where BTC will end up in several years, so these minor dips or runups in price don't interest them.

+1

It is sufficient if bitcoin goes up, say 25% a year.

yeah, well it still makes zero sense unless these people are all wealthy before bitcoins.

How can someone possibly have millions of dollars in bitcoin, and not sell one single coin - not even one. Something is not right, I am trying to work it out.

If these people believe that much in bitcoin, all of them, to the point that of their 10 000 or more bitcoins, they cannot even part with one, then they cannot be mentally sound - or they are so rich that they do not care.

OR

as previous poster stated, perhaps almost all of these are dead wallets. That would make sense to me at least.

I would believe they're dead wallets. Why would you care about something that was worth nothing at the time. Who would've known? 10,000BTC for a pizza looks insane at todays prices, but was it really?

this is pretty important stuff though, if all these accounts are truly dead, then the threat of a complete bitcoin wipeout (down to $10 or less) is far less than I initially calculated, as these coins can't come back into the market as sell orders en masse.

Remember - all that matters in Bitcoin pricing is the going rate for only the coins on the exchanges. The only impact one of those big cold wallets can have on price is downward if it is liquidated. Those wallets not being touched is already priced into the exchange rate.