Topic: Massive withdrawal of Bitcoin (Read 1054 times)
People more often check the news so they can secure their funds to sell or buy it depends on the outcome every news, so they can gain profit with this quick action came from economy, and if you are a long term holder of the bitcoin and you are actively doing a DCA you don't need to worry too much with the market because you bought every dump and see the result from the holding from 38k$ we are now sitting at the last ATH and we are now expecting another pump after this halving, but of course don't forget to make a take profit not all the time the market are in the highest point.
Anytime the price of Bitcoin skyrockets, there would be massive selling of Bitcoin and this practice(s) have always lead to the price of Bitcoin falling back afterwards. During the approval of spot Bitcoin ETFs, it was observed that the massive selling of Bitcoin when the price got to $48,000 made the price to fall to $38,000, it was after the corrections that the price began to soar higher again till now that it has set a new ATH of about $69,210 and immediately, massive selling and withdrawal of Bitcoin was also noticed.
There have been long awaited investors whom have bought Bitcoin las bull run and Bitcoin fell dip for so long that they held bitcoin continuously till this upcoming bull run and all they could do is to target the price of btc to grow above the previous buying point which they sold it in other for it not to fall back again because they are not sure if the bull run is coming or we are already in bull run. Wouldn't this continues practice of withdrawing and selling off whenever the price skyrockets going to slow the volatility of Bitcoin to continue skyrocketing? Since the price automatically starts experiencing a dip after every massive withdrawal.
The traders are responsible for the slow volatility of bitcoin, because each time btc price increase a little they sell, and when they sell the price drop. the investors on dip and Hodl will buy the dip, the price will surge higher, the traders will sell keeping the volatility of Bitcoin stagnant and capitalising on the liquidity of the investors which they put into BTC to make it volatile. thats why we say let's people buy and hold. the investors like Michael J Saylor are the people who even triggers the push up of Bitcoin, because when they will buy massive number of btc the price pushes up. And other investors will follow the lead and buy, it keep pushing no body will want to be left behind. buying oder now becomes %80 and above untill traders will drop it down by pulling their fund. That is just the reason behind it in my understanding. Anytime the price of Bitcoin skyrockets, there would be massive selling of Bitcoin and this practice(s) have always lead to the price of Bitcoin falling back afterwards. During the approval of spot Bitcoin ETFs, it was observed that the massive selling of Bitcoin when the price got to $48,000 made the price to fall to $38,000, it was after the corrections that the price began to soar higher again till now that it has set a new ATH of about $69,210 and immediately, massive selling and withdrawal of Bitcoin was also noticed.
Wouldn't this continues practice of withdrawing and selling off whenever the price skyrockets going to slow the volatility of Bitcoin to continue skyrocketing? Since the price automatically starts experiencing a dip after every massive withdrawal.
Wouldn't this continues practice of withdrawing and selling off whenever the price skyrockets going to slow the volatility of Bitcoin to continue skyrocketing? Since the price automatically starts experiencing a dip after every massive withdrawal.
Well, all I can say is that many communities do deposit and withdrawal transactions on Bitcoin, and I think that's normal in this field of business. Because there are people who do this for some reason, maybe for personal reasons, emergencies, and more. Or it can be because their profit is already big and they are happy with it.
And in that regard, it's good that you don't get greedy, and there's nothing to worry about if there are a lot of Bitcoin withdrawals, because there are still a lot of people buying bitcoin, and then there's always the so-called check in balance in this industry.
Anytime the price of Bitcoin skyrockets, there would be massive selling of Bitcoin and this practice(s) have always lead to the price of Bitcoin falling back afterwards. During the approval of spot Bitcoin ETFs, it was observed that the massive selling of Bitcoin when the price got to $48,000 made the price to fall to $38,000, it was after the corrections that the price began to soar higher again till now that it has set a new ATH of about $69,210 and immediately, massive selling and withdrawal of Bitcoin was also noticed.
Wouldn't this continues practice of withdrawing and selling off whenever the price skyrockets going to slow the volatility of Bitcoin to continue skyrocketing? Since the price automatically starts experiencing a dip after every massive withdrawal.
Wouldn't this continues practice of withdrawing and selling off whenever the price skyrockets going to slow the volatility of Bitcoin to continue skyrocketing? Since the price automatically starts experiencing a dip after every massive withdrawal.
Bitcoin is a commodity and not every one views it same way, some as a means to get quick profits others as a long term investment, and it's normal to expect selling due to FOMO from such investors cause they must have made their profits from bitcoin and the rest of I is just fear if the bull run woudl continue and no one want to allow the marker to rest on him so they have to rush to get their profits off the market which is in a way wrong to me.
You also need to understand the concept of trends, bitcoin gains value due to scarcity and high demand while it reduce value when there is much supply of bitcoin which happens when people sell, right now that shouldn't be a big problem and those selling woudl be at very high risk if they are not buying back soon cause the ETF buys a portion of every available supply of bitcoin thereby promoting the momentum of this bull and moreover the halving is yet to happen and this much FOMO then what about after.
I mean, that's how markets in general work? An asset's price pumps(bitcoin or not), some people will be taking profit, and the price is likely to have a correction after. What will make an asset's price more stable is mostly more market participants.
Yes, this is the basic economics. The coins are limited in numbers. That is the price of the coin increases when more people buy the coins. Now once the price goes up, many people start selling the coins. Hence the price goes down and we see a correction in the price. This circle goes on like this and it’s pretty common I must say. Long term holders always wait for opportunities like this, and they make good profits from it.
And the ones who take profits from Bitcoin pumps always miss out on even larger pumps. So I do not see it as 'taking profit' but rather losing profit due to greed. You could also call it panic-selling. Or rather a less extreme version of panic-selling because they do it during a pump instead of during a dump. Either way, the hodler is the real winner in the end.
This is true now the price is so lower that once it touched 73k$ again then people will quickly sell their bitcoin which will lead to the massive drop in price of Bitcoin. I think there is not a continues pump or dump but the price changes when there are certain bad or good news and also selling and buying percentage put huge impacts on Bitcoin's value.
These all changes are temporarily and once the market recover back then the price goes higher again like that was after bitcoin ETF when price was lower but again it increased and reached to 73k$ and creations of new ATH took place. So buying and selling have impact but that is temporary because some will buy and other will sell so market Fluctuates greater and sometimes due to correction the price get reduces.
These all changes are temporarily and once the market recover back then the price goes higher again like that was after bitcoin ETF when price was lower but again it increased and reached to 73k$ and creations of new ATH took place. So buying and selling have impact but that is temporary because some will buy and other will sell so market Fluctuates greater and sometimes due to correction the price get reduces.
Anytime the price of Bitcoin skyrockets, there would be massive selling of Bitcoin and this practice(s) have always lead to the price of Bitcoin falling back afterwards. During the approval of spot Bitcoin ETFs, it was observed that the massive selling of Bitcoin when the price got to $48,000 made the price to fall to $38,000, it was after the corrections that the price began to soar higher again till now that it has set a new ATH of about $69,210 and immediately, massive selling and withdrawal of Bitcoin was also noticed.
Wouldn't this continues practice of withdrawing and selling off whenever the price skyrockets going to slow the volatility of Bitcoin to continue skyrocketing? Since the price automatically starts experiencing a dip after every massive withdrawal.
Don't like the way markets "work"? It's like inhaling and exhaling (with a balloon - not to be confused with a soap bubble): when the market inflates due to capital inflows and then deflates. As soon as money has flowed into the system (bitcoin has increased in price), some of the early owners sell bitcoin (receive fresh money from new investors), which is why the price is adjusted. This volatility will continue until the cryptomarket matures (it's a new market now) due to capitalization (increase). Over time, the amplitude of volatility may become smaller and less noticeable, that is, the market will be more stable. In theory, this should happen, but the cryptomarket has not yet reached this stage, which is why you see "the price automatically starts experiencing a dip after every massive withdrawal". Wouldn't this continues practice of withdrawing and selling off whenever the price skyrockets going to slow the volatility of Bitcoin to continue skyrocketing? Since the price automatically starts experiencing a dip after every massive withdrawal.
I think the big whales are still holding there assets because the journey is still and long and there is more for them to benefit in the market. The price of Bitcoin is still going to reach 100k so we should not be too fast to make little profits and withdraw the funds to swap it in centralized exchanges. We should not have the mentality of taking profit too early because it might have a big consequences on us if we don't know what we are doing and not chance for us to buy again when price goes down a little.
I also believe that the whale investors have not yet sold their bitcoin holdings. Especially among companies that have been approved by the SEC in the bitcoin spot, Etf is still continuing to buy and accumulate bitcoin.
It's even a bit worrying because the other resellers are, of course, bought by institutional investors. Almost every day they buy something; try to imagine that, and take note that it is more than 1 bitcoin they always buy every day. And they are also the only ones who get other bitcoins from centralized exchanges, which is why the exchanges hold very few bitcoins, according to what I know.
The aim of investment is to make a profit. Now for those who hold Bitcoin, it's time to sell it because it's clear to make a profit. Except for those who buy Bitcoin as a collection, not for investment, they won't sell their Bitcoin because their goal is not to make a profit.
For sure those that started hodling when the price of bitcoin was very low will definitely want to sell out because they might have gained enough profit which they can sell with the price of bitcoin . For those who started investing in Bitcoin longtime ago when the price was low , I don't think it will be a bad idea for them to sell because the essence of investing bitcoin is to make profit. It is expected for this to happen when the price of bitcoin has increased so much for investors to gain profit. This time that the price of bitcoin is high people have a target of when to sell, so don't think people keep hodling till the price get to the tip.those who bought bitcoin late will try to keep their bitcoin to gain profit in the bull run.
People are always going to sell when there is a massive upturn like this. It's a thing of choice, and a lot of people will always choose to sell, same as there are those who are holding on strongly and hoping for more increase. It doesn't slow down Bitcoin or anything, it is normal for Bitcoin to be volatile, and the price will always recover after every fall.
It's true that when reaching a new bitcoin ATH it becomes harder to hold on to our hodl wallet. It would be very easy to give into the selling pressure and take a profit now. But then is the big question what are we going to do with our money instead. Just selling all our coins to go on vacation or to buy a new car doesn't seem like a good idea. Investing into something else is also tricky, because gold and stocks are at ATHs as well, and with cash it's just going to be eaten up by inflation. I am going to keep holding my coins. What I don't understand is why so many people are selling their coins into falling prices after the ATH. People weren't willing to sell their coins at 50,000 usd when prices were on the rise. But once prices are falling people will be willing to sell at much lower prices.
If we cannot hold the amount of Bitcoin that we have collected and have made a profit, then we can take some of the profits that we have made to enjoy it and leave more for us to invest and choose to keep holding, of course this is very good compared to choosing to sell them and think about other investments as you have mentioned and those who sell their coins at a loss of course they are not able to hold on and they really panic when they see the price decrease and decide to sell even though they are at a loss. Anytime the price of Bitcoin skyrockets, there would be massive selling of Bitcoin and this practice(s) have always lead to the price of Bitcoin falling back afterwards. During the approval of spot Bitcoin ETFs, it was observed that the massive selling of Bitcoin when the price got to $48,000 made the price to fall to $38,000, it was after the corrections that the price began to soar higher again till now that it has set a new ATH of about $69,210 and immediately, massive selling and withdrawal of Bitcoin was also noticed.
Wouldn't this continues practice of withdrawing and selling off whenever the price skyrockets going to slow the volatility of Bitcoin to continue skyrocketing? Since the price automatically starts experiencing a dip after every massive withdrawal.
Wouldn't this continues practice of withdrawing and selling off whenever the price skyrockets going to slow the volatility of Bitcoin to continue skyrocketing? Since the price automatically starts experiencing a dip after every massive withdrawal.
It's true that when reaching a new bitcoin ATH it becomes harder to hold on to our hodl wallet. It would be very easy to give into the selling pressure and take a profit now. But then is the big question what are we going to do with our money instead. Just selling all our coins to go on vacation or to buy a new car doesn't seem like a good idea. Investing into something else is also tricky, because gold and stocks are at ATHs as well, and with cash it's just going to be eaten up by inflation. I am going to keep holding my coins. What I don't understand is why so many people are selling their coins into falling prices after the ATH. People weren't willing to sell their coins at 50,000 usd when prices were on the rise. But once prices are falling people will be willing to sell at much lower prices.
The aim of investment is to make a profit. Now for those who hold Bitcoin, it's time to sell it because it's clear to make a profit. Except for those who buy Bitcoin as a collection, not for investment, they won't sell their Bitcoin because their goal is not to make a profit.
Anytime the price of Bitcoin skyrockets, there would be massive selling of Bitcoin and this practice(s) have always lead to the price of Bitcoin falling back afterwards.
Price needs to spike and dump from time to time to allow the market breathe. Don't expect Price Action to move in one direction, whether up or down. Both movements must be present to show a healthy market. It's the activities of buyers and sellers that work out the charts you see. You observed that price dumped to $38k from $48k after the ETF was approved. It went down so it could go up, going from that $38k dump to a record breaking $73,700. It's now trading around $62k. It's the same way it will pick before halving only to dump again after halving. Understand this thing about the market and your expectations won't be dashed everytime price dumps. 
Anytime the price of Bitcoin skyrockets, there would be massive selling of Bitcoin and this practice(s) have always lead to the price of Bitcoin falling back afterwards. During the approval of spot Bitcoin ETFs, it was observed that the massive selling of Bitcoin when the price got to $48,000 made the price to fall to $38,000, it was after the corrections that the price began to soar higher again till now that it has set a new ATH of about $69,210 and immediately, massive selling and withdrawal of Bitcoin was also noticed.
Wouldn't this continues practice of withdrawing and selling off whenever the price skyrockets going to slow the volatility of Bitcoin to continue skyrocketing? Since the price automatically starts experiencing a dip after every massive withdrawal.
There's a word that we called "PROFIT TAKING" on which this would really be something that would really be normal to consider out since we know that this market isnt something that you could really be able to Wouldn't this continues practice of withdrawing and selling off whenever the price skyrockets going to slow the volatility of Bitcoin to continue skyrocketing? Since the price automatically starts experiencing a dip after every massive withdrawal.
assure of for you to make some money and come to think that one of the reasons on why we've been dealing with this market is that we do tend to aim to make profits. So its normal that there would really be those huge dumps then there would be those people who would be taking profits specially into those people who had bought on the bottom on which it would really be just that a common approach to have.
Unless if you are a long term holder then this wont really be an issue but if you are someone who do make out some short trades then it would be something that matter to you about these movements.
This is why it would really be always best that you should really make yourself wary on what are the probable things that could happen. Profit taking is normal and you shouldnt make yourself
that getting shocked with it.
Yes, that is how the bitcoin market works each time the number of withdrawal go higher it may affect the bitcoin market, sometimes with drawing of bitcoin does not mean they are selling it or converting to Cash. They may withdraw to their other wallet, so it is a whole different thing. That is why the decrease of bitcoin price is because of the trend that is happening at the particular time. Also When demand is much the price goes higher, the price of bitcoin doesn’t require this analysis to effect it to fall,it sometimes else that make bitcoin to decrease in. I only follow what is going on online and news consigning Bitcoin sometimes I get the notification that bitcoin with for before it actually happened.
People really make a massive withdrawal in bitcoin whenever they obtain an information that the price of bitcoin is going to be fall, so people use that fear to withdrawal their bitcoin so that they will not be at loss whenever the price of bitcoin falls, why when people always develop interest to buy bitcoin is whenever they hear the price of bitcoin going up, unlike as the price bitcoin hits seventy thousand and as it was rising many people continue to ask questions if its good for them to invest in bitcoin right now, so bitcoin investment is something you have to know your target before you invest. 
Bitcoin's price is heavily volatile and manipulated by the big players of the market, however, I noticed this volatility is decreasing slowly when compared to previous periods of time, what means Bitcoin has been already much more volatile than it is right now in 2024. That is good news for investors, because it helps increasing optimism among them, and decreases the fear potential investors have when thinking about investing in Bitcoin, exactly due to the volatility factor. The more Bitcoin becomes splitted among more hands, less volatility we have.
With bigger market cap, this market will have less volatility and chances will be smaller.I don't believe Bitcoin and cryptocurrency market soon will have better stability because generally, total market cap of cryptocurrency market is still very small compares to other traditional markets. There is plenty of rooms for market manipulation and whales from traditional markets can easily bring their capital to cryptocurrency market to pump and dump it easily, with support of news, FUD.
Wouldn't this continues practice of withdrawing and selling off whenever the price skyrockets going to slow the volatility of Bitcoin to continue skyrocketing? Since the price automatically starts experiencing a dip after every massive withdrawal.
Buy, Hold, and Sell - that is how it works. People are buying during the bear season in preparation for the bull season to make money. Therefore, we can expect them to sell their Bitcoin at this time.
yep. someone gets in at 16k nov 2022 and sells at 64 or 70k.
We drop and bulls ramp up and push it to 80k.
some that got in at 16k set 80k to sell.
Bitcoin's price is heavily volatile and manipulated by the big players of the market, however, I noticed this volatility is decreasing slowly when compared to previous periods of time, what means Bitcoin has been already much more volatile than it is right now in 2024. That is good news for investors, because it helps increasing optimism among them, and decreases the fear potential investors have when thinking about investing in Bitcoin, exactly due to the volatility factor. The more Bitcoin becomes splitted among more hands, less volatility we have.
For that reason, always there is a crash in price, it's interesting that average investors immediately purchase every coins dropped for sale in the market for a cheap price, because this way they are helping Bitcoin to become more decentralized, getting the coins away from the whales' hands who are constantly attempting to manipulate the market for their own personal gains. It's not an easy tasks, because these whales act with strategies and methods, but at same time it's undeniable they are getting less influent on long run. That is really good for Bitcoin and its sustainability as crypto currency and asset!
For that reason, always there is a crash in price, it's interesting that average investors immediately purchase every coins dropped for sale in the market for a cheap price, because this way they are helping Bitcoin to become more decentralized, getting the coins away from the whales' hands who are constantly attempting to manipulate the market for their own personal gains. It's not an easy tasks, because these whales act with strategies and methods, but at same time it's undeniable they are getting less influent on long run. That is really good for Bitcoin and its sustainability as crypto currency and asset!
Yes, that is how the bitcoin market works each time the number of withdrawal go higher it may affect the bitcoin market, sometimes with drawing of bitcoin does not mean they are selling it or converting to Cash. They may withdraw to their other wallet, so it is a whole different thing. That is why the decrease of bitcoin price is because of the trend that is happening at the particular time. Also When demand is much the price goes higher, the price of bitcoin doesn’t require this analysis to effect it to fall,it sometimes else that make bitcoin to decrease in. I only follow what is going on online and news consigning Bitcoin sometimes I get the notification that bitcoin with for before it actually happened.
Jump to: