Bitcoin and exchangers this is getting interesting Now guys!!

Polo7

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Quote from: CryptopreneurBrainboss on September 13, 2019, 08:27:57 AM

The stats about the lesser unique addresses sending bitcoin to popular exchanges like Binance bitfinex etc are definitely correct, personally i can't remember the last time I used my Binance account. The last 12months have also recorded fewer traders engaging in daily trading as the market conditions must have force most individuals into holding their investment. This plus the use of P2P exchange should be the main reason behind the decrease in the number of transaction recorded as the article has reported.

Also local exchange are becoming more popular this days meaning more investors, former patronizers of the big exchanges are now relying on their local exchange to trade. Over the pass 12 months my local exchange LUNO which gives me the privilege to exchange my bitcoin to local currency have recorded high patronize from me. And this could be said about other users too. Bitcoiners now trade with local exchanges. Maybe when the altcoins bullish market (hopefully) returns, those big exchanges might start experiencing more patronize.

That all means, Bitcoin price is now Under valued!

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The stats about the lesser unique addresses sending bitcoin to popular exchanges like Binance bitfinex etc are definitely correct, personally i can't remember the last time I used my Binance account. The last 12months have also recorded fewer traders engaging in daily trading as the market conditions must have force most individuals into holding their investment. This plus the use of P2P exchange should be the main reason behind the decrease in the number of transaction recorded as the article has reported.

Also local exchange are becoming more popular this days meaning more investors, former patronizers of the big exchanges are now relying on their local exchange to trade. Over the pass 12 months my local exchange LUNO which gives me the privilege to exchange my bitcoin to local currency have recorded high patronize from me. And this could be said about other users too. Bitcoiners now trade with local exchanges. Maybe when the altcoins bullish market (hopefully) returns, those big exchanges might start experiencing more patronize.

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By the way there are a lot of people who have just come bitcoins (I mean numbers of 0.01 and similar) and they prefer to use wallets like Xapo and exchange through it. By the way this statistics still means something but it will be more interesting to see how situation changes during bitcoin's price rise and fall, for example how it was when price was 9K and then suddenly turned into 13k, did it cause growth in number of transactions? Or were transactions even higher when price was 9k? It will be nice to have picture of it.

Polo7

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Quote from: scambust on September 10, 2019, 04:06:27 PM

Quote from: Polo7 on September 10, 2019, 04:41:50 AM

Quote from: leea-1334 on September 10, 2019, 01:58:14 AM

When I first read you opening statement I disagreed, but then I saw the rest of your statement and understood.

I do P2P a lot as well but I still consider that an exchange. I think what you mean is that few people now buy from companies, and go directly to each other to get their crypto.

For me, it is almost the same anyway except if you buy from exchanges you are just using an extra middle man to find your trading partner,,, that is all.

If that so then Price of btc Will stay 10k
But the Bakkt Launch Will Bring btc Up im sure, and then it might crash Again like a dotcom bubble was

That's what technical analysis is for. You might probably know by now, Bitcoin price is in a descending triangle pattern, a breakout to either direction would determine the price action in the months to come.

So we are waitong for breakout to wich Direction it Will Go?

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Quote from: Polo7 on September 10, 2019, 04:41:50 AM

Quote from: leea-1334 on September 10, 2019, 01:58:14 AM

When I first read you opening statement I disagreed, but then I saw the rest of your statement and understood.

I do P2P a lot as well but I still consider that an exchange. I think what you mean is that few people now buy from companies, and go directly to each other to get their crypto.

For me, it is almost the same anyway except if you buy from exchanges you are just using an extra middle man to find your trading partner,,, that is all.

If that so then Price of btc Will stay 10k
But the Bakkt Launch Will Bring btc Up im sure, and then it might crash Again like a dotcom bubble was

That's what technical analysis is for. You might probably know by now, Bitcoin price is in a descending triangle pattern, a breakout to either direction would determine the price action in the months to come.

Polo7

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Quote from: leea-1334 on September 10, 2019, 01:58:14 AM

When I first read you opening statement I disagreed, but then I saw the rest of your statement and understood.

I do P2P a lot as well but I still consider that an exchange. I think what you mean is that few people now buy from companies, and go directly to each other to get their crypto.

For me, it is almost the same anyway except if you buy from exchanges you are just using an extra middle man to find your trading partner,,, that is all.

If that so then Price of btc Will stay 10k
But the Bakkt Launch Will Bring btc Up im sure, and then it might crash Again like a dotcom bubble was

leea-1334

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When I first read you opening statement I disagreed, but then I saw the rest of your statement and understood.

I do P2P a lot as well but I still consider that an exchange. I think what you mean is that few people now buy from companies, and go directly to each other to get their crypto.

For me, it is almost the same anyway except if you buy from exchanges you are just using an extra middle man to find your trading partner,,, that is all.

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I don't see BTC crossing 20k this year, I might be wrong be though
There's a major connection between btc prices and trade volume

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Quote from: Polo7 on September 05, 2019, 04:03:36 PM

The notion that more people are trading cryptocurrencies? Well, it just may be wrong.

Fewer people have been sending Bitcoin to major exchanges in recent months, according to crypto data tracker TokenAnalyst. After peaking in 2017, the number of unique addresses sending the world’s most-popular cryptocurrency to exchanges such as Binance and Bitfinex has been declining, it found.

That was on Bloomberg news

What I think of this i think that people will buy directly from otc or private btc sellers the Bitcoins
They will use Exhangers really If they want to Buy cheap coins altcoins.

Anyone who have Brain Can Think that Bitcoin price actual value is now off the radar!!

Guys im sure the Whole Thing will be intetesting now

In my opinion If we Don't altcoins then we dont need this ripp off exchangers who is manipulating with price and They are Not better then banks greedy Middle mans.

But now I Know Why the Bitcoin price is low:)

There have been several factors responsible for the peak that was reached in the 2017 period which might necessarily due to the manipulation of the exchangers and if its any consolation, then it might have added to the events happening at the time. Several factors were worthy of mentioning though which include but not limited to the to the ICO market that to a large extent responsible for the huge inflow of funds into the crypto market which then metamorphose into increase in the price of bitcoin.

I agree that this time is going to be really interesting because those pushing factors are gone, the ICO market struggling, the forks period are over, IEO or its counterpart are not really turning out the output expected by developers. Its now the actual market versus the participants in the market that would determine how far the price would increase or fall.

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Quote from: scambust on September 08, 2019, 03:17:12 PM

Man, my eyes bled. Anyway, from what I gather from the OP is that less Bitcoin is being traded in the exchanges. Yes, you can consider this as bullish since many people are stocking up on BTC by putting them in cold storage. Bitcoin in exchanges are always meant to be bought or sold.

However I dont consider this as a bullish indicator. What news and media says specially in niche areas like cryptocurrency is often paid propaganda by whales and venture capitalists. They would pump the market so people sell and they get a good price to buy at. Again they would dump and sell a news so people buy and pump it. Much of it manipulated and the way the OP has posted makes me think more about a pump and dump group from some lowlife scum.

The market has been more or less stable at the 9k - 10k USD range for the last few weeks so I doubt a sudden movement is going to come place. It can happen, nobody can say for sure. But I dont listen to what news have to say or put too much faith in them.

GreatArkansas

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Here is the news of bloomberg that mentioned in the first post : Fewer People Are Sending Bitcoin to Largest Crypto Exchanges

via Imgflip Meme Generator

As we can see it is really on 2017, same happens with the parabolic run of Bitcoin price.
@everyone, do you think that's why the volume decreases because there are much people now are hodlers beside the reason of being 'no interest' in cryptocurrency? Hodlers because they bought at top or hodlers because they bought at bottom?

scambust

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Man, my eyes bled. Anyway, from what I gather from the OP is that less Bitcoin is being traded in the exchanges. Yes, you can consider this as bullish since many people are stocking up on BTC by putting them in cold storage. Bitcoin in exchanges are always meant to be bought or sold.

Slow death

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Quote from: Polo7 on September 05, 2019, 04:03:36 PM

In my opinion If we Don't altcoins then we dont need this ripp off exchangers who is manipulating with price and They are Not better then banks greedy Middle mans.

It is true that there are many altcoins that are shitcoins, copy/paste from other projects... but there is still hope that someday this will all change. There is still hope that one day people will be aware that they must create good projects that add some value in the real world. And there is still hope that one day we will see exchanges provide good services, not put fake volume and not treating their customers badly. This is a very young market that is not regulated, so we can't expect everything to go well

Quote from: Polo7 on September 05, 2019, 04:03:36 PM

But now I Know Why the Bitcoin price is low:)

I'm very curious to know what you found? what is the conclusion you got? I hope this:

Quote from: Polo7 on September 05, 2019, 04:21:56 PM

According to my analyze the btc is bought Up Privately... It means low volume in exchangers.
It the exchangers want to create fake buy orders
They will print their stable currency Again...fake volume They will create buy orders but If noone sell the price goes really Up but If the price goes Up the People will send their btc in to exchangers to cash it out.

don't be your conclusion because it seems kind of weird

Quote from: Polo7 on September 05, 2019, 04:21:56 PM

The price of btc will crash around 20k If this Scenario will take a place.

Can you explain more about this?

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Quote from: The Sceptical Chymist on September 07, 2019, 11:42:05 AM

I would think that's because more investors are either holding bitcoin and not sending it to exchange, or it could be what you suggested, that people are trading bitcoin off the exchanges. Who knows? And what's the big deal, anyway?

People are buying fewer altcoins. A whole bunch of lesser altcoins have died over the past 12 months, and the trade volume on even the bigger altcoins is way down. The on-ramp for most altcoins is via bitcoin. Less altcoins being traded means less bitcoin being sent to exchanges. More people are buying and holding bitcoin rather than just using it as a middleman to obtain some useless altcoin. There is also a slow and steady growth of many other options to buy bitcoin without using an exchange. DEXs are becoming more popular, sites like LBC and Paxful continue to grow, ATMs popping up all over the place, more OTC trades being down.

It's impossible to draw any firm conclusions from figures released by exchanges anyway, consider how much they are known to fudge their numbers to make themselves seem more important and more active than they actually are. Figures that are impossible to game, such as hash rate, continue on a steady upward trajectory.

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Quote from: Polo7 on September 05, 2019, 04:03:36 PM

Fewer people have been sending Bitcoin to major exchanges in recent months, according to crypto data tracker TokenAnalyst.

I would think that's because more investors are either holding bitcoin and not sending it to exchanges, or it could be what you suggested, that people are trading bitcoin off the exchanges. Who knows? And what's the big deal, anyway?

Quote from: Polo7 on September 05, 2019, 04:03:36 PM

That was on Bloomberg news

Heh heh. I used to listen to Bloomberg in the morning, before the stock market opened but that was about 13 years ago. It's amazing that they're now reporting on cryptocurrency--and it's a good thing, I think.

Quote from: Polo7 on September 05, 2019, 04:21:56 PM

According to my analyze the btc is bought Up Privately... It means low volume in exchangers.

All of this could also be a temporary thing. I really don't see the significance of volume on a couple of exchanges in the past year or whatever. I've always suspected that the news media looks for the cause of market changes in all the wrong places, and this is probably a good example of that. They have to report on something, but this non-issue seems trivial to me. Meh.

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Quote from: Polo7 on September 05, 2019, 04:03:36 PM

Fewer people have been sending Bitcoin to major exchanges in recent months, according to crypto data tracker TokenAnalyst. After peaking in 2017, the

2017 was a booming year for Bitcoin because it saw frequent rises from $ 1,000 to $ 20,000 so the proportion of those who invested was huge.
Second, BCH's hard fork and ICOs encouraged people to buy more.

In 2018 and this year the price witnessed a major collapse so few people are selling.
Finally, hacking platforms and regulatory rules will be an essential factor.

Polo7

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According to my analyze the btc is bought Up Privately... It means low volume in exchangers.
It the exchangers want to create fake buy orders
They will print their stable currency Again...fake volume They will create buy orders but If noone sell the price goes really Up but If the price goes Up the People will send their btc in to exchangers to cash it out.

The price of btc will crash around 20k If this Scenario will take a place.

Polo7

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The notion that more people are trading cryptocurrencies? Well, it just may be wrong.

Fewer people have been sending Bitcoin to major exchanges in recent months, according to crypto data tracker TokenAnalyst. After peaking in 2017, the number of unique addresses sending the world’s most-popular cryptocurrency to exchanges such as Binance and Bitfinex has been declining, it found.

That was on Bloomberg news

What I think of this i think that people will buy directly from otc or private btc sellers the Bitcoins
They will use Exhangers really If they want to Buy cheap coins altcoins.

Anyone who have Brain Can Think that Bitcoin price actual value is now off the radar!!

Guys im sure the Whole Thing will be intetesting now

In my opinion If we Don't altcoins then we dont need this ripp off exchangers who is manipulating with price and They are Not better then banks greedy Middle mans.

But now I Know Why the Bitcoin price is low:)

Topic: Bitcoin and exchangers this is getting interesting Now guys!! (Read 295 times)