Interesting Miners Total Stopped selling Bitcoin

davis196

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Quote from: nikolastech on April 10, 2021, 12:18:34 PM

Still same, Miners still not selling anything, They know April always been Best month for Bitcoin with last years over 30% up each april Wink

Yeah,but there's no "best month" or "worst month" for Bitcoin.The market just reacts to different events and those events happen to be in various months.The 2020 March Bitcoin price crash was caused by Trump closing the borders.Should we say that March is a bad month for BTC?I don't think so...
Everyone is expecting the Bitcoin price to hit 100K.That doesn't mean that the price will hit 100K.There might be more ups and downs,than we are expecting.
Users are moving their coins away from crypto exchanges platforms,which is a good sign,but not because of the bullish market,but because crypto exchanges are bad for the crypto industry.They are becoming the new banks of the crypto world and we don't need banks.

AmoreJaz

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Quote from: ene1980 on April 11, 2021, 05:50:58 PM

What are the possibilities that you are getting the data on point, i would say none because i have not seen anyone putting together all the miners wallets and monitoring whether they are moving the coins or not. There are whale alerts who monitor big transactions in the blockchain but i am yet to come across anyone who is having all the wallet details of miners to get to this conclusion.

the accuracy here is very questionable. hard to conclude with that chart alone. but anyway, what will be the impact on btc market? if in case these miners are not selling, it means, like others have said, they are preparing for the inevitable rise of BTC. so what it is trying to imply that will affect as a crypto user? hold as much bitcoin as you can, right? we also need to prepare for big things here. not only them. Wink

ene1980

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What are the possibilities that you are getting the data on point, i would say none because i have not seen anyone putting together all the miners wallets and monitoring whether they are moving the coins or not. There are whale alerts who monitor big transactions in the blockchain but i am yet to come across anyone who is having all the wallet details of miners to get to this conclusion.

khaled0111

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What did make you believe miners've stopped selling their bitcoins? Check the stats prior to February. The outflow has been always in the 10k range so nothing really changed.
If I am interpreting the chart correctly (please correct me if am wrong) then the unusual thing is the spike we witnessed in February-March.

Even if we addmit this is true, for how long do you think they can keep holding?
Where did you get this chart from, if I may ask?

michellee

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If those miners have good hardware, can earn a nice reward and can handle the electricity cost, they will not stop mining bitcoin because they will search for more satoshi, even if the reward reduces a lot. Maybe only a small number of miners will stop their mining bitcoin activity because they can not profit from the mining process. The whales are already buying bitcoin for a long time before the bitcoin price increase, so maybe this time is for the big company to accumulating bitcoin because they can buy bitcoin a large amount. Maybe there is a reason which we do not know why that is happening.

tyz

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Quote from: nikolastech on April 08, 2021, 09:26:17 AM

Miners TOTAL stoped selling bitcoin: https://ibb.co/z5DQnpJ

Same with whales they moving coins away from trading platforms, and buying

I wonder why? Wink

The screenshot you show says little. Not sure if you can believe this info so. If this is the case, then the Bitcoin price would have to increase significantly, as there would be much less Bitcoins available on the free market or demand has collapsed at the same time.

leea-1334

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Quote from: jjdub7 on April 11, 2021, 04:17:06 AM

In my opinion, the reason why miners no longer sell their coins is clear - we all expect the price of Bitcoin to rise much more, and it is even predicted that it will reach $ 100,000 this year.

This has led whales to transfer their coins from crypto exchanges to more secure portfolios and miners to accumulate coins, waiting for a rise and new records in the price of Bitcoin.

Miners are always having to make a delicate balance about costs and profits,,, they cannot hodl too long so when the operations become more expensive than profit they either have to just bear the pain, or sell more than they need to during peaks, or simply shut down and wait for price to go up or difficulty to go down.

This could be one of those scenarios.

cryptomaniac_xxx

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Quote from: nikolastech on April 10, 2021, 12:18:34 PM

Still same, Miners still not selling anything, They know April always been Best month for Bitcoin with last years over 30% up each april Wink

Well if that is the case then it's good for us that miners are not selling at this time. Although if I'm not mistaken, there were news that in January's 23% and February 26% decline, 'they are the source of the down turn" as they sold their coins in the market. Nevertheless, we have bounce back in those two months and probably not going to sold off any this April as the price could go up to $70k or higher.

jjdub7

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Quote from: nikolastech on April 08, 2021, 09:26:17 AM

Miners TOTAL stoped selling bitcoin: https://ibb.co/z5DQnpJ

Same with whales they moving coins away from trading platforms, and buying

I wonder why? Wink

In my opinion, the reason why miners no longer sell their coins is clear - we all expect the price of Bitcoin to rise much more, and it is even predicted that it will reach $ 100,000 this year.

This has led whales to transfer their coins from crypto exchanges to more secure portfolios and miners to accumulate coins, waiting for a rise and new records in the price of Bitcoin.

nikolastech

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Still same, Miners still not selling anything, They know April always been Best month for Bitcoin with last years over 30% up each april Wink

johny08

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i think, thats because btc is at a high price, 55k, and miners need less btc for their operations keeping running. its a bullish sign, for me.

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Quote from: so98nn on April 08, 2021, 10:15:12 AM

The wonder is: They await bitcoin to reach hall marks of 100K or even more. I am also not sure if they are really miners or just the sum of all kinds of investors but they want this thing to happen in the near future. I mean it is now the possibility to reach 100K which once was a bubble back in 2013/15/16 year. We have seen tremendous up surge there after and many government failed to regulate it or ban it completely from their countries. This made bitcoin as strongest asset around the world.

Moreover, institutional investors are also growing day by day, so it is possible that it's because of them we see very less sell trends.

very careful preparation for the $ 100K bitcoin price. and it turns out that the already incurred electricity costs give them more coverage than stopping mining. then if mining is stopped automatically bitcoin demand will be very difficult. and buyers can only own bitcoins from exchanges. where will investors put their portfolios if the miners no longer supply demand? This indicates that bitcoin is becoming increasingly rare by the day.

avikz

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Quote from: nikolastech on April 08, 2021, 09:26:17 AM

Miners TOTAL stoped selling bitcoin: https://ibb.co/z5DQnpJ

Same with whales they moving coins away from trading platforms, and buying

I wonder why? Wink

Looking at the chart, I wouldn't say that miners are not selling but yes, the volume has dropped! Probably few miners have stopped selling in anticipation of an imminent price increase and same with the whales. That's good because it shows the positivity around bitcoin and it shows that the people are optimistic. There can be only one reason - in anticipation of another bull run! What else could be the reason!!

nikolastech

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Quote from: so98nn on April 08, 2021, 10:15:12 AM

The wonder is: They await bitcoin to reach hall marks of 100K or even more. I am also not sure if they are really miners or just the sum of all kinds of investors but they want this thing to happen in the near future. I mean it is now the possibility to reach 100K which once was a bubble back in 2013/15/16 year. We have seen tremendous up surge there after and many government failed to regulate it or ban it completely from their countries. This made bitcoin as strongest asset around the world.

Moreover, institutional investors are also growing day by day, so it is possible that it's because of them we see very less sell trends.

Yes i think BTC supply is for sure drying out, the miners have also for a long time been selling A LOT more then they have mined.

so98nn

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The wonder is: They await bitcoin to reach hall marks of 100K or even more. I am also not sure if they are really miners or just the sum of all kinds of investors but they want this thing to happen in the near future. I mean it is now the possibility to reach 100K which once was a bubble back in 2013/15/16 year. We have seen tremendous up surge there after and many government failed to regulate it or ban it completely from their countries. This made bitcoin as strongest asset around the world.

Moreover, institutional investors are also growing day by day, so it is possible that it's because of them we see very less sell trends.

bekti3

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stopping selling means they want to hold the bitcoin for longer, and collect the mining proceeds in a secure wallet. perhaps because the supply is running low, making the miners prepare a very large pension fund.

quite reasonable.

nikolastech

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Here one more interesting see its record low bitcoins been moved to exchanges from miners NOBODY selling anymore https://ibb.co/Z8jdRz6

nikolastech

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The interesting is also Whales buying, and moving coins away from trading platforms if one looks charts on https://cryptoquant.com/

Could move fast up soon

buwaytress

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I don't think this is miners not selling, fewer are selling, and those selling are selling less, as is what outflows suggest.

You're not wrong though, and with orderbooks thinning out, the supply squeeze some have been predicting since Q1 could finally be upon us.

Just you wait til the really big orders start emerging and even OTC desks are scrambling around. That bidding war will start and then we'll see if their appetites match predictions.

nikolastech

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Miners TOTAL stoped selling bitcoin: https://ibb.co/z5DQnpJ

Same with whales they moving coins away from trading platforms, and buying

I wonder why? Wink

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