Topic: The total BTC balance on exchanges continuously decreasing since 2020 - page 2. (Read 566 times)

We have clarity regrading the news about Facebook holding any cryptocurrency. They never filed anything to SEC which means the news was just rumors to attract investors and audience.

What analysis is that which that says that the 2017 bull run will be back in 2022  .The time it took after the halving was much larger in the past but after two rallies huge investors and everyone in the market was aware that the market is going to rally and everyone started to invest much earlier than the halving and so is the reason we had the rally much earlier than the last two times.

Forget about rumors about Facebook holding bitcoin. That news was put in use by the media for them to have a coverage that has been awaited by its audience.

I've read an analysis that the bull run that we're seeing is just the start and really the comparison to 2016. Which means, the 2017 bull run hasn't arrived yet which might be until 2022 with most of those speculations.

Yeah, a media that produces a propaganda either black or white that could only benefit to them.
Anyway, it's just a right choice why investors are pulling out their Bitcoin balance on exchanges to put it on a safe hardware wallet than leaving it on any custodial wallet that has a huge chance that they will definitely gonna lose their investment.

So to avoid future loss and future hack just like what happened last 2017 there are lots of hacking incidents and fuds spreading like a wild fire that time that it suddenly ended the Bitcoin bull run just in December IMO.

It is always recommended that you keep your Bitcoin in an address that you hold the private key.  Knowledge on how to secure our wallet is everywhere on the internet so learning it isn't expensive.  If we keep our Bitcoin in exchange there are lots of possible risks involve which includes hacking, shutting down of exchange running away with our funds making their exit scam and worst blocking our account that holds our Bitcoin.

Where do you think all those Bitcoins bought by MicroStrategy, Tesla and similar big companies are? As far as I know, they have no choice but to store them on services like Coinbase Custody, which means that all these coins are not on Coinbase, but they are still there - just moved to another crypto wallet.

Although exit scams happen from time to time when it comes to crypto exchanges, I am of the opinion that crypto users lose their coins far more because they become victims of phishing, fake wallets, various crypto scams (just look at social networks). It is true that we can influence ordinary people to use DEX, or to be in possession of their private keys - but those who now buy the most (big players) have no choice but to use so-called crypto banks.

I do trust the media because they are bought to spread propaganda so as big companies whoever bought them can have huge profit

The bull run must be run for around 1 more year before it reverse to other side. Bitcoin has shown a great persistence and indomitable after a huge correction. That is a sign that investors keep buying bitcoin whenever it has a lower price

I have been following this on-chain metric for the last few weeks / months and people prefer to keep their bitcoin out of exchanges. There is a lot of bitcoin outflow from the exchanges which means that people are not willing to sell their bitcoins. The buying pressure will increase at exchanges and therefore bitcoin price will continue to rise.

I believe it, since there two possibilities when instutional investor when they are trying to move their asset on the exchange. The first possibility, if they sell their bitcoin then we will see a huge decrease that will happen but we haven't seen a huge decrease until now.

Bitcoin price just make a sideaway market for at least six months until now. And the last possibility is as you have mentioned, they move their holding into hardware or cold wallet because the best way to hold bitcoin is through hardware and cold wallet. We have same prediction, bitcoin still in the bull run market, yeah I guess sooner or later $100.000 will be reached.

This has been a known fact for some time but it is nice that it is being brought up to light once again, the new institutional investors getting into bitcoin are not interested in bitcoin as a trading asset, they want to hold it for the long term and this is completely understandable.

They are seeing that governments are still printing money, exercising useless measures to combat the pandemic and in the case of the US government it is going to raise the taxes they need to pay, so they are thinking on ways to protect themselves and what can be better than an asset that cannot be confiscated and that is a store of value and has a hard limit on the number of coins that will ever exist?

this is the latest reference for the future development of bitcoin. we can predict that. maybe mid-2021 could reach 1 billion bitcoin value.

For investors this form of no pressure to be sold immediately, because the prospects for bitcoin are very good in the future.
big investors really have to be smart to see this, because with the withdrawal of bitcoin to their respective wallet, it means that there will be long-term value to bitcoin.

It's great that crypto exchanges are hodling less Bitcoins.
They are the banks of the crypto world and we don't need banks.Bitcoin was created to be an "anti-bank" currency.Most of the altcoins were created with the same purpose.
We need more peer-to-peer crypto trading and more decentralized exchanges.
Less crypto exchanges means less exit scams,less hacks and less horror stories of people,who lost their coins in a crypto exchange.

This has been brought in the past already but I can't say that people are doing what you say them to do so. Without any proof that what they have withdrawn is being stored in hardware wallets we cannot guarantee that that is what they are doing. You must match up sales from both Trezor and Ledger to see if it match up with your theory which would be a hard thing to do so as I don't think they have that data available publicly.

The availability of BTC in exchange decrease slowly so it won't as impactful as many people imagined. But it is definitely good for a long term, the thing regarding why the price is down 10% below ATH is because well as the name ATH itself implies, the market definitely can't sustain to keep btc on ATH price forever, there's always some people who want to dump their bitcoin and make some good profit. The effect of this BTC balance decrease will be starting to show for long term especially for btc long term holders. Hopefully I could still accumulate BTC as much as I can despite the decrease of its availability.

If you want to trade with a 1.000.000 USD budget, you need a lower BTC balance one the exchange now, compared with 2019 when the exchange rate was lower.

Then what happens if there are less bitcoin on exchanges? These means that the prices are only going to go up more than ever because there is little supply and a high demand. OP is right, we have to continue hodling and wait for the inevitable pump in prices and you don't want to be missing out of it.

I mean, at this point, majority of the balance in exchanges are for traders doing daily trading. Majority of Hodlers? I'm pretty sure they would've realized now that they might as well just put it in a hardware wallet instead of leaving it in an exchange, which has been emphasized for oh so long.
No, it's not the responsibility of the exchange. Heck, Bitcoin is basically an asset/coin that you yourself manage. Leaving it to the exchange means that you trust them enough to leave it to them, so even if it was lost, it's not their fault but rather yours. Crypto is called your own personal bank for a reason, it's because everything, from security, to storage, to means of buying/selling/transferring it is all on you.

One thing you need to consider is this. Back when BTC was at $5K or so. If you had 0.50 BTC on an exchange it was only worth $2500. Now half a coin is still worth over $26K. So you need to understand that many people probably decided to get hardware wallets or some sort of cold storage setup since it was very risky leaving huge amount of BTC on a centralized exchange.

I think when people read about these sim swap attacks they all decided to protect themselves and invested in a hardware wallet. They are very easy to setup and use. Much better than using a paper wallet from 5 years ago. So one reason could be that institutions are putting it on cold storage and another is that people are just keeping less coins on exchanges for security.

I've been in the crypto space two years longer than you (man I wish I would have gotten in 2010 but still did good). I want to say that you are right that the crypto media and market makers have been hyping up the fact that fewer BTC is on exchanges and is going into the hands of custody or personal wallets. I do want to make this funny point back in 2015-2016 era when the media would try to make its moves to hype or FUD the markets the crypto whales would mostly do the opposite to prove the media wrong. Now I think when you got in is when the media started to tame the market to their whims mostly. The overall point I'm trying to make is that once the bigger players jump into this market and there is a Bitcoin ETF the markets will dump shortly after with the media FUD'ing the market. What I will say in agreement though with the media and this "word on the street" is that they are right mostly that there be fewer BTC on exchanges (unless a huge dump command by those running markets or huge pump by the powers of fiat institutions (brokers, governments, etc.)) in the near future and beyond. Regardless, hodl strong and BTC will continue to transcend the fiat currencies and possibly even physical precious metals. I sort hate the fact that the media and these institutions have sort of tamed the market to their whims because it seems like BTC trades similar or parallel to the stock market. I think bigger things than an ETF are ahead for BTC and it will be added to the VIX.

https://www.youtube.com/watch?v=xdHsX-KJRG4

The reason for crypto exchange holding decrease is simple, the institutions are the major investors and they can't keep the holding on an exchange site not even when we are in bullish market but 70% of BTC holder always sell 75% of their holding when halving effect take place.

The pattern of today's market is totally different to previous halving market.

I think you say this because you believe in the prediction make about the BTC market to reach $100K. Well, understand that tomorrow are not promised, this crypto market is highly volatile and the bullish market start when will least expected so it will also end when we don't expect.

Although, there's no evidence that Facebook hold BTC i believe the to be true due to the knowledge of the Facebook CEO and I don't think he will afford to miss out the BTC opportunity when institutional investors invest in BTC.

Hello everybody. I've been in cryptocurrency only since the spring of 2017 and maybe I'm wrong, but it seems to me that in recent years information has been constantly slipping about a decrease in Bitcoin balances on exchanges, but then they somehow suddenly appear and the price falls like a stone. I think this is not the kind of news that is strongly worth referring to - Bitcoins can both leave the exchanges and come. Personally, I think that if this news has been circulated lately, we must wait for a sharp drop in prices. Time will tell if I was right.