Massive withdrawal of Bitcoin - page 5.

snowpega

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Quote from: Btcdeybodi on March 07, 2024, 03:20:15 AM

We already have seen a correction after Bitcoin broke its last all-time high and I think the market has made of lower nearly $59k after making a new all-time high. Now I am not sure will Bitcoin make another correction after or before the halving event if it will happen I mean if we will see another correction in the market it will be a good buying and last buying zone for us to generate a good amount of profit and in my opinion we may see a big amount of money entering in the market which may make the market even more bullish.

We are now in a greed zone where a lot of investors are booking some ratio of profit out of their holdings with the intention of buying back and for now they a waiting for a good correction if it happens I would call it a bit of good luck. DYOR!

armanda90

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Massive withdrawal or selling bitcoin during raise higher price can't bring bad impact with bitcoin price will drop suddenly, its normal as trader or investors get massive for withdrawing or selling their bitcoin assets after price pumping and buy back later with correction moment. I don't think massive withdrawal or selling bitcoin can't bring bad impact with bitcoin price dropping drastically but FUD or bad news sharing become main problem make many people panic and sell bitcoin with lower price.
Current bitcoin price not any fud although have massive withdrawal or selling bitcoin I think keep balance well bitcoin stable on higher price, between massive selling bitcoin get balance with massive invest or buy back bitcoin because many investors believing with bitcoin can get chance to raise more higher price.

btc78

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This is normal in the crypto market and usually we can take advantage of such things. Usually it’s whales or individuals with huge holdings that make transactions that may appear as lots of people selling or pulling out their money which puts people into a panic making them sell their coins as well.

During this time, the price goes down and we can go in to buy more coins. It’s just going to rise up again anyway so it’s better to buy more during the lowered price.

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This effects is inevitable and can't be controlled by any body because it's one of the factor that make the system more interesting, as everyone has it purpose, needs and area of satisfaction, why holding weather long or short during bull run.

Every investment no matter how long or short it's purpose is for profit making, for me the selling during bull run and reinvest why on bear is not bad, though my point may not be hundred percent correct I stand to be corrected but this purpose are not to be evicted out in the system.

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Quote from: Btcdeybodi on March 07, 2024, 03:20:15 AM

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.

you cannot keep stopping those people that wanted to make profit from their Holdings ad I believe that Correction is normal and you cannot call that Massive selling instead that is what we call profit taking.

Quote from: bitzizzix on March 07, 2024, 06:57:07 AM

Ahh.. that has become a common thing and always happens in any form of investment. And when they invest, the price goes up, and there will always be people who sell to take a profit or sell their entire holdings because they made a big profit. And this also happens with Bitcoin and other cryptocurrencies, because everyone wants big profits when what they invest in is profitable because the price rises.
The OP should understand this because this doesn't only happen with Bitcoin, so it's very common. because everyone has different plans and strategies, and there are also those who don't sell because they believe the price will be much higher. And without paying attention to the decline that occurs due to sales, and just believe that in the future the price will rise again or in the long term at a much higher price. And they will even use this moment to accumulate more Bitcoins and store them for the long term.

I must admit that i am guilty on that because i am one of those who sold some amount of my holdings when the price starts to fall at 67k but yeah I am lucky buying when the price starts rising up at 61k.

Questat

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Quote from: Btcdeybodi on March 07, 2024, 03:20:15 AM

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.

Remember that not all are able to hold long-term, some are selling off their coins when the price hits their target. This practice is not quite new in the market but I have no argument with such a thing because we know that in order to earn a profit, then we also have to sell them. As long as we are selling high than the buying price, that is a good idea. In fact, we are not meant to hold forever and I don't think there is.

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.

SquirrelJulietGarden

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Quote from: hugeblack on March 07, 2024, 06:53:12 AM

The fair value is the amount that some investors believe is good and start selling Bitcoin. Some may think that the price of $68,000 is a fair price for Bitcoin, so they start selling. The majority do not think so, so we do not see a deep correction, but if the price reaches the levels of $160,000, for example. The majority of those in the market will know that Bitcoin is overpriced and start selling, a few will think that it is a low price and hold, leading to a deep correction.
In any case, there is a group that plans to hold Bitcoin for long periods, and this category will most likely not sell anything in the near future (at least 10 years).

There are many people in the market and they have different entries so they have different favor exit prices as well.

With people who bought Bitcoin about $16,000, it makes a lot of sense for them to take profit around $66,000. With people who only joined around $50,000, they likely expect bigger profit and will not sell now.

With leverage and futures enthusiasts, they are gambling with leverages and bet that they will win against the market. Unfortunately they will mostly fail against the market.

The Bitcoin Net Unrealized Profit Loss shows Bitcoin can have drag down from current area. There are sometimes it continues to rise more from this area of NUPL. So with this, it's unpredictable for next movement of Bitcoin.

bitzizzix

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Ahh.. that has become a common thing and always happens in any form of investment. And when they invest, the price goes up, and there will always be people who sell to take a profit or sell their entire holdings because they made a big profit. And this also happens with Bitcoin and other cryptocurrencies, because everyone wants big profits when what they invest in is profitable because the price rises.
The OP should understand this because this doesn't only happen with Bitcoin, so it's very common. because everyone has different plans and strategies, and there are also those who don't sell because they believe the price will be much higher. And without paying attention to the decline that occurs due to sales, and just believe that in the future the price will rise again or in the long term at a much higher price. And they will even use this moment to accumulate more Bitcoins and store them for the long term.

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Quote from: Btcdeybodi on March 07, 2024, 03:20:15 AM

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.

It's normal to have these withdrawals to come whether we're in a bull run or not. It's for everyone to decide whether they want to sell or not and that can't be stopped when people wanting to sell what they are up to by that time. Just expect that at any price range of Bitcoin, there's always people that will massively sell their bitcoins and expect even the dormant accounts that has hundreds to thousands of bitcoins that have been held for a long time might also get into withdrawals and will eventually get sold. What you're worrying about is with these withdrawals and sell offs in the market when it's normal on any market to have these actions. You, as an individual of this market will also have to sell whenever it is necessary for you to do so and yet, other people aren't worried about you and us trying to sell when we need to do it.

hugeblack

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The fair value is the amount that some investors believe is good and start selling Bitcoin. Some may think that the price of $68,000 is a fair price for Bitcoin, so they start selling. The majority do not think so, so we do not see a deep correction, but if the price reaches the levels of $160,000, for example. The majority of those in the market will know that Bitcoin is overpriced and start selling, a few will think that it is a low price and hold, leading to a deep correction.
In any case, there is a group that plans to hold Bitcoin for long periods, and this category will most likely not sell anything in the near future (at least 10 years).

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I don't think that's how it works. Bitcoin grows, the price increases. Then, at some point, selling defeats that growth, and the price starts going down. Of course, a lot of people want to cash out their profits, and then some people just join the selling wave out of panic. The ETF example, however, doesn't have much to do with it. The SEC approved ETFs in the middle of January. The price was around $45k-$46k in the first half of January, and then gradually dropped to $40k closer to the end of January before starting to climb back up. The price didn't skyrocket, and some selling happened, but Bitcoin recovered soon.
The price is currently almost $67k, so we can't reasonably be talking about a massive withdrawal or a massive selling at this point, in my opinion. There's no automatic withdrawal, there are just some corrections along the way.

lovesmayfamilis

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It's always difficult to predict Bitcoin's next move. OP, you want guarantees, but there are none. If the price rises, there will always be those who are satisfied with it; on the contrary, those who have been waiting for a purchase for a long time can expect some correction. Each person has their own goals for the price to be achieved, but most likely, with a large increase in price, we will often see those who decide to withdraw rather than waiting for the next big value.

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Quote from: Btcdeybodi on March 07, 2024, 03:20:15 AM

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.

It’s pretty nomal that many will sell their holdings of the price skyrocketing because it’s the perfect timing to take profit. I’m not sure how you do your trade but you should do the same if you purchased on the bottom and already profited a lot. Price will not continuously to rise since there’s always a trader that purchase on the bottom of the current price.

Those new investors that will enter on the current price will do the same if the price grow in the future above the current price. This is the normal cycle of trading. You should worry more if there’s no one selling even on price rally for a long time because it will form a bubble that will later on destroy the price once popped due to everyone take profit at the same time.

Do what you suggest if you just recently purchased and want to hold long term but this is not applicable to everyone especially those who are already in profit a lot.

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Quote from: Btcdeybodi on March 07, 2024, 03:20:15 AM

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.

You already have the answer in your question. Why did so many people sell bitcoin when bitcoin reached $48k and then caused bitcoin to drop to $38k, but why was bitcoin able to reach $69k so people kept dumping to let bitcoin go down again? In just a short time bitcoin has increased from 48k$ to 69k$, doesn't that prove that bitcoin is rising? What else do you want from bitcoin? Want bitcoin to go from $69K to $1M without any drop or dumping?

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Quote from: Btcdeybodi on March 07, 2024, 03:20:15 AM

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.

That makes the market to be a good market, as far as the fall is not greater than the rise. As for bitcoin, the rise is significantly greater than the market correction.

Quote from: Btcdeybodi on March 07, 2024, 03:20:15 AM

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.

Not that people were selling when United States of America SEC approved bitcoin ETF, it was because of some liquidation of BTC. But companies like BlackRock bought some, but the selling still resulted to price of bitcoin falling at the time.

Quote from: Btcdeybodi on March 07, 2024, 03:20:15 AM

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 do not really understand what you mean as volatility, likely you mean adoption. Just know that the selling after massive price increase is good as far as the selling is not significant like the buying.

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Quote from: Btcdeybodi on March 07, 2024, 03:20:15 AM

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 expect the market to move straight up without any correction. If you are old in BitcoinBTC, you would have known that bitcoinBTC always takes a nice reasonable correction before moving another leg up. This is true in both bull and bear markets. In the bear market when the price is moving down, it does not dip in a straight line, rather it will keep touching every resistance before moving further down. If you know the concept of higher highs and higher lows, then I am sure you will understand how to read the market.

Also, there are not only long term investors in the market but there are short to mid term traders too who will surely take profits at the current top and will buy back at the bottom. The market's pump and dump is normal however if there is any bad news, like any big exchange hack or something, then we may see a big price correction which may indicate a reversal in the market.

Quote from: Despairo on March 07, 2024, 03:45:29 AM

Yeah, then what? do you really hold Bitcoin until you die and never sell any single satoshi? you can show your address here to prove me wrong.
I keep accumulate Bitcoin, hold and haven't sell it even Bitcoin already reach $69K, but it doesn't mean I won't sell my coins when Bitcoin cross $100K, $200K etc. There will be a time I sell my coins in order to accumulate more coins during bear season or I need big cash on emergency needs.

For sure people will take profits along the way. Also, people are anticipating sell from certain key level and they place the short orders in advance. I think the OP needs to understand trading better in order to understand the movement of the bitcoinBTC.

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Quote from: Btcdeybodi on March 07, 2024, 03:20:15 AM

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.

For someone who has less experience, this moves becomes a reason to worry, but for those who are not new to crypto space, they know that whales are buying and moving their bitcoin off the exchanges, which is the best thing they can do to avoid some instant exchange hacks and other problems, it's not always a selling point when massive withdrawal is ongoing on any crypto exchanges, most times they are good signs.

There is also a possibility that people are taking profits and that's no issue at all, some people bought btc at the very high in 2022 before the market collapse, and now that the price is once again at the price, they will surely take some profits, you should not worry yourself about this moves at all and this won't stop bitcoin from making a new all time high in the near future.

Many people who long the market have lost millions, I read online that a massive 1 billion dollars was lost when traders expected bitcoin to go past 68k days ago and it went down unexpectedly, do not let all these be a distraction for you.

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You should've been used to it by now, these people that are doing massive bitcoin withdrawals are mostly long-term hodlers than want to take profit right now or those that are speculating that a massive price dump is soon to happen so they try to get out now while they've got a generous amounts of profit and then wait for the price to go down so they can go back again. You should actually be thankful for them because if they're doing this right now, it's probably high time to prepare for something big to happen. Also these people don't really mind withdrawing huge amounts of bitcoin to take profit because most of these people are probably rich enough that they don't mind missing out on potentially bigger profits if they just hodl out a bit longer.

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Quote from: Btcdeybodi on March 07, 2024, 03:20:15 AM

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 not automatic but it comes from people's greediness and their leveraged positions. Funding rates soar because of their leveraged positions and funding rates were reset with corrections.

Overzealous people with their high leverages were liquidated by exchanges. Now after the correction, the market is more healthy and I really believe it is ready to go sideway for a while before rising again.

You can not stop people to use leverages so they will be liquidated again and help the market to have healthy corrections again.

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Quote from: Btcdeybodi on March 07, 2024, 03:20:15 AM

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 might be a possibilities that massive withdrawal might happen but I think its not going to happen anytime soon and I think the holding power of people will continue until the end of this year since there is a good event which has been awaited to happen by all bitcoin holders for years. And to many believe that even if we reach the ATH there's still a chance that we can see it to reach at $100,000. But if you are not confident and still afraid then do what you think can give you a peace of mind and execute your withdrawal.

Maybe you need to see something and experience it so that you can increase your patience to wait for something good to happen. Although all of it will just be a gamble but for sure all of waiting game especially for those long time holders patience will be worth it.

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