Topic: Continue to Hold your bitcoin - page 7. (Read 1504 times)
This is a must-do and I am sure most people are doing that already haha...whatever happens you don't sell all your stash of bitcoins because once demand starts increasing as a result of mass adoption you can rest assured that the value of bitcoin is likely going to hit another all-time high. It may not be anytime soon but it will definitely hit on us in a couple of years.
copper member
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As per your analysis by next halving there will not be any Bitcoin left in the market to trade, don't you think it is too soon to come into conclusion the the demand of Bitcoin is increasing. There are few more halvings on the way gradually the demand will increase. It is only temporary that people are reluctant to sell their Bitcoin.
Scarcity might come but I believe it will not come to a point that BTC will not be available in the market due to the new mine BTC availability. The amount of BTC that the exchange alone holding are approximately atleast 10% of the current total supply and I believe most the BTC trader will flip there coin since the price when BTC reach scarcity will be extremely. No Pro trader will hold until the end and neglicting a good percentage of profit. Technically speaking, BTC will never stop trading due to scarcity of newly mine coins. That is purely speculation.
All of these is predict, please do not fomo the people. Do you remember the time when bitcoin went down when it was at $ 6,000 - almost the same as its mining price and after a little time, it fell to just over $ 3,000 in 2019? All indicators are predictive and uncertain. Prices are decided by the market, so you can lose money if you invest in this market without having experience about it.
As per your analysis by next halving there will not be any Bitcoin left in the market to trade, don't you think it is too soon to come into conclusion the the demand of Bitcoin is increasing. There are few more halvings on the way gradually the demand will increase. It is only temporary that people are reluctant to sell their Bitcoin.
Price of Bitcoin will only rise if there is a demand and there is a supply. If the supply is not there the price will be not go up and the whole Bitcoin economy will collapse. Therefore holding is not the answer to increase demand. The more Bitcoin is traded the higher will be the demand.
Price of Bitcoin will only rise if there is a demand and there is a supply. If the supply is not there the price will be not go up and the whole Bitcoin economy will collapse. Therefore holding is not the answer to increase demand. The more Bitcoin is traded the higher will be the demand.
The increase in demand is yet to come. It's too early to assume that the demand is increasing because the halving just came in. But in the long run, we'll see that the demand will increase. Each year that's coming to bitcoin will make it harder to own 1.
Some are scared because of the potential that many miners will shut their equipment but if it happens, there will still be some of them that will continue to mine. I'm long and hopefully, others will hold too until you can.
Some are scared because of the potential that many miners will shut their equipment but if it happens, there will still be some of them that will continue to mine. I'm long and hopefully, others will hold too until you can.
It's just one part of the equation, but an effective one. You just have to look at the forum and see how many members are preaching this "HODL" attitude. And I do hope that we have one legendary thread about being a holder Wall Observer BTC/USD - Bitcoin price movement tracking & discussion.
A lot of traders and speculators on that thread, I like reading the posts in that thread as well, more if the market is bullish. And I do believed that big farm miners are holders are well, they know what the economics if bitcoin, and them as part of the bigger picture, and only make sense to be a holder.
For sure, some of the richest investors in bitcoin are those who have a mining farm, they saw the potential, so they mine bitcoin to hold for the future. This is not a mere business alone when they do an accounting of their income and expenses in a regular basis, but its investing on the future of bitcoin.
Bitcoin is the best coin in the market right now and it's the best investment in the future, as for me, I will continue to hold because I believe that massive adoption will happen in the long run.
This is how I set my mindset for my investment, the supply is fix but it could decrease, either people losing their access and big investors will hold their coins and wait until the demand will increase, and since bitcoin's popularity now is growing, that adoption that we are all hoping will certainly happen.
The longer we hold the better, bitcoin might be a risky asset and thus we call ourselves big risk takers here but we are after of a big reward that hopefully we will be able to achieve in the future.
The supply of bitcoin has recently hit a new low for the year, this means there are fewer and fewer people selling bitcoin in the market.
This is how I set my mindset for my investment, the supply is fix but it could decrease, either people losing their access and big investors will hold their coins and wait until the demand will increase, and since bitcoin's popularity now is growing, that adoption that we are all hoping will certainly happen.
The longer we hold the better, bitcoin might be a risky asset and thus we call ourselves big risk takers here but we are after of a big reward that hopefully we will be able to achieve in the future.
It's just one part of the equation, but an effective one. You just have to look at the forum and see how many members are preaching this "HODL" attitude. And I do hope that we have one legendary thread about being a holder Wall Observer BTC/USD - Bitcoin price movement tracking & discussion.
And I do believed that big farm miners are holders are well, they know what the economics if bitcoin, and them as part of the bigger picture, and only make sense to be a holder.
And I do believed that big farm miners are holders are well, they know what the economics if bitcoin, and them as part of the bigger picture, and only make sense to be a holder.
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I will still hold my bitcoin if the price does not increase so high because I want to make another biggest profit as before. To do that, I will be patient to wait for the price to increase higher, and no matter if that will need more months to see it will happen, I don't mind to wait. But besides holding my bitcoin, I will use some bitcoin to trade to increase the amount of bitcoin that I have.
The supply of bitcoin has recently hit a new low for the year, this means there are fewer and fewer people selling bitcoin in the market. Although the demand has not increased significantly, but at least this position is hard to see a big Callback*.* So even if you are not bullish at this position, do not easily bearish, otherwise it is likely to reverse the direction.
At the same time, the sales volume of miners in the past month has also decreased significantly, setting a new low of nearly one year, which is also one of the reasons for the sharp reduction in the supply of Bitcoin. Miners no longer sell bitcoin, the future bitcoin price is more likely to rise. From the historical data, bitcoin prices and bitcoin supplied by miners to the exchange show a negative correlation. In other words, the less bitcoin miners transfer to the exchange, the greater the probability that the currency price will bottom out. On the contrary, the currency price will fall.
Yellow is the miner's deposit, and black is the price of Bitcoin
Therefore, it is recommended to continue to hold bitcoin, stay on the sidelines, and do not easily sell out.
Yes I think that it is highly recommended right now to raise or hold your cryptocurrencies because I think that it will be more greater and you can earn more if you will decide to hold off your money a di think that it is better to have more patience because right tnow the price of cryptocurrencies and bitcoin is slowly rising which I think is great because many people can esrn money with that and I think that it will be great if people would understand that they need to have cryptocurrency and have knowledge in holding coins with holding At the same time, the sales volume of miners in the past month has also decreased significantly, setting a new low of nearly one year, which is also one of the reasons for the sharp reduction in the supply of Bitcoin. Miners no longer sell bitcoin, the future bitcoin price is more likely to rise. From the historical data, bitcoin prices and bitcoin supplied by miners to the exchange show a negative correlation. In other words, the less bitcoin miners transfer to the exchange, the greater the probability that the currency price will bottom out. On the contrary, the currency price will fall.
Yellow is the miner's deposit, and black is the price of Bitcoin
Therefore, it is recommended to continue to hold bitcoin, stay on the sidelines, and do not easily sell out.
The fact that fewer and fewer people are selling their BTC doesn't mean anything in the long run.
If the future price is good,many long term HODLers will wake up and sell a part of their Bitcoin reserves.This will boost the supply again.
Anyway,the decreased level of BTC market supply doesn't lead to a rapid and stable price increase,because the demand for Bitcoins isn't growing,which means that the global mass Bitcoin adoption simply isn't happening and we have to rely on the crypto whales to pump the market price again.
If the future price is good,many long term HODLers will wake up and sell a part of their Bitcoin reserves.This will boost the supply again.
Anyway,the decreased level of BTC market supply doesn't lead to a rapid and stable price increase,because the demand for Bitcoins isn't growing,which means that the global mass Bitcoin adoption simply isn't happening and we have to rely on the crypto whales to pump the market price again.
For me as an rather unexperienced trader i prefer to continue to hold bitcoin, stay on the sidelines. However with some kind of small money you might have some fun and profits by trying to follow your intuition and trade some of your side money.
Why not take advantage of this movement? It's a risk rather than just HODL-ing your Bitcoin. There's a chance that you could get more or less but it's part of life right? Taking risks.
I'm quite confused about what you are saying. You said this below.
Fewer Bitcoin miners transfer to an exchange = Miners no longer sell Bitcoin
Now it's going to bottom out? What are you talking about? I hope you get your statements in order and no contradicting statements. Is it just me who is confused? Why wouldn't you sell out if the price is going lower? Why not take advantage of that? etc.
No one knows for certain what could happen to the price but it's better to take advantage of the price movement when you can.
I'm quite confused about what you are saying. You said this below.
At the same time, the sales volume of miners in the past month has also decreased significantly, setting a new low of nearly one year, which is also one of the reasons for the sharp reduction in the supply of Bitcoin. Miners no longer sell bitcoin, the future bitcoin price is more likely to rise.
Since there is less Bitcoin put out by miners and price could rise due to the lack of Bitcoin in circulation. Okay, it's a good statement but you add this.In other words, the less bitcoin miners transfer to the exchange, the greater the probability that the currency price will bottom out. On the contrary, the currency price will fall.
What are you really trying to say now? Fewer Bitcoin miners transfer to an exchange = Miners no longer sell Bitcoin
Now it's going to bottom out? What are you talking about? I hope you get your statements in order and no contradicting statements. Is it just me who is confused? Why wouldn't you sell out if the price is going lower? Why not take advantage of that? etc.
No one knows for certain what could happen to the price but it's better to take advantage of the price movement when you can.
The supply of bitcoin has recently hit a new low for the year, this means there are fewer and fewer people selling bitcoin in the market. Although the demand has not increased significantly, but at least this position is hard to see a big Callback*.* So even if you are not bullish at this position, do not easily bearish, otherwise it is likely to reverse the direction.
At the same time, the sales volume of miners in the past month has also decreased significantly, setting a new low of nearly one year, which is also one of the reasons for the sharp reduction in the supply of Bitcoin. Miners no longer sell bitcoin, the future bitcoin price is more likely to rise. From the historical data, bitcoin prices and bitcoin supplied by miners to the exchange show a negative correlation. In other words, the less bitcoin miners transfer to the exchange, the greater the probability that the currency price will bottom out. On the contrary, the currency price will fall.
Yellow is the miner's deposit, and black is the price of Bitcoin
Therefore, it is recommended to continue to hold bitcoin, stay on the sidelines, and do not easily sell out.
At the same time, the sales volume of miners in the past month has also decreased significantly, setting a new low of nearly one year, which is also one of the reasons for the sharp reduction in the supply of Bitcoin. Miners no longer sell bitcoin, the future bitcoin price is more likely to rise. From the historical data, bitcoin prices and bitcoin supplied by miners to the exchange show a negative correlation. In other words, the less bitcoin miners transfer to the exchange, the greater the probability that the currency price will bottom out. On the contrary, the currency price will fall.
Yellow is the miner's deposit, and black is the price of Bitcoin
Therefore, it is recommended to continue to hold bitcoin, stay on the sidelines, and do not easily sell out.
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