Well that's obvious, ofcourse there's little demand or the price wouldn't of dumped 70% lol.
The 70% of cash was not because of lack of demand. It was due to new investors who go it and wanted to cash out all their profit due to the bitcoin being a "bubble" rumor. They had weak hands and got scared that the price might crash anytime soon. As soon as some investors started selling, other saw the price fall a bit which also triggered them to sell all they have. This does mean that the demand has reduced. We may say that the demand has got back to equilibrium.
Topic: There are more withdrawals than deposits at Coinbase! (Read 283 times)
Maybe there are more withdrawals now than deposits because of how scarily low Bitcoin is compared to how much it had increased last year. Remember most people invested on Bitcoin was last year because they though it was going to increase forever, and now that it has dropped more than half the price last November people are getting scared and are withdrawing their coins instead of hodling them or investing more.
yes you are right because coinbase is the safest and easiest place for withdrawals and deposits for some large and international countries, but if many make withdrawal then bitcoin sells a lot and maybe the price will go down.
There is no real demand for Bitcoin. The pumps and dumps of Bitcoin are to milk you and many people are leaving the space
http://fortune.com/2018/06/29/bitcoin-crash-cryptocurrency-coinbase-hodl/
I wish it wasn’t true but it is!
http://fortune.com/2018/06/29/bitcoin-crash-cryptocurrency-coinbase-hodl/
I wish it wasn’t true but it is!
Coinbase is not the only place where all the bitcoins were located,so it doesn't fair to compare the actual market with Coinbase analytics.But you are wrong here if many people selling their coins means they are waiting to buy again later with more cheaper price,I don't think anyone will leave bitcoin earnings which is very effortless when compared to any type of investments.
The market is going through a really hard time now. I don't know if it is true or it is an FUD. We have to be patient because the cryptocurrency market has always fluctuations.
these sort of things are nothing but rumors. given the market is not in a downward slope, the people are scared and quiet panicky. bitcoins will always be at the top so there is no point in making such claims. we need to be a little bit patient for the market to improve.
Recently the prices and demand of the cryptocurrency market is facing a downfall. Price are dropping and coin holders are selling off their coins. A number of investors believe that this downslope is beneficial to market as impatient investors and investors with little knowledge are leaving the market, therefore leaving the market open to investors with good knowledge.
Yes, this suggestion is true and I believe if people are patient enough and learn how to take risk by atleast holding their coin till the market recover, then there will be no open space for price manipulation to happen. There is no real demand for Bitcoin. The pumps and dumps of Bitcoin are to milk you and many people are leaving the space
http://fortune.com/2018/06/29/bitcoin-crash-cryptocurrency-coinbase-hodl/
I wish it wasn’t true but it is!
All those people leaving will come back one day and one funny thing is that they'll come back to meet a higher price than they left (you can be verifying that from CMC when the price pumps). The sad thing is that as many people leave, then the market manipulators have increased lower to do so since they get more coins at the now lower price. http://fortune.com/2018/06/29/bitcoin-crash-cryptocurrency-coinbase-hodl/
I wish it wasn’t true but it is!
Doesn't say much to me. Remember, a lot of the activity that could be happening is withdrawal of profits too, and simply that most traders deposit once and trade a lot, and withdraw many times. It's sort of how trading works, unless you're doing it wrongly.
Coinbase is also losing out on popularity. It's just US. How about take a look at something more global like Binance and see what's going on there? Anyway, this milking accusation has been around forever. Deal with it.
Its not always been a relevant thing on my part to compare out Coinbase to other exchangers like Binance or Bittrex. When we do try up to see on how their service works its totally different on my own view.Coinbase is also losing out on popularity. It's just US. How about take a look at something more global like Binance and see what's going on there? Anyway, this milking accusation has been around forever. Deal with it.
Talking about more withdrawals than deposits at coinbase i dont see this is a major thing to be concerned about.We do see the ratio between buy and sell and now saying people are just being milked out?
I dont think so and just as being said trading activity would really be like this if users do involve them self into very active transactions.
Whenever, there is more withdrawal than deposit the bitcoin's price do always clash. Coinbase as one of the leading exchange platforms for cryptocurrencies always show to us what we actually have in mind concerning trade. Actually now remain the best time to buy bitcoin and others cryptocurrencies since you can still get them at cheap price.
At least some members now leaving a centralized site. It’s more a good news to me, not for some panic sellers who always make themselves hilariously funny by all means reacting and effectively manipulated by FUD and negative news. My apology for the loss of your patience, hope you will remember the day and regret when bitcoin price bull run started.
Now gonna withdraw mine.
Now gonna withdraw mine.
I think it not impact on the market because it’s their own decision. Because investors can withdraw their money at any time. I believe in near future they will invest more than withdraw.
Coinbase is also losing out on popularity.
I for one have flat out refused to use Coinbase since their scummy behaviour and insider trading surrounding their support of BCH. I don't even own any BCH since it's a trash coin, but their questionable business practices were enough for me to take my business elsewhere.
Well don't lose hope like that may be it is true for the time being but this will not prolong much. Bitcoin will bounce back soon and the situation will improve then. Have some patience in this tough time.
Doesn't say much to me. Remember, a lot of the activity that could be happening is withdrawal of profits too, and simply that most traders deposit once and trade a lot, and withdraw many times. It's sort of how trading works, unless you're doing it wrongly.
Coinbase is also losing out on popularity. It's just US. How about take a look at something more global like Binance and see what's going on there? Anyway, this milking accusation has been around forever. Deal with it.
Coinbase is also losing out on popularity. It's just US. How about take a look at something more global like Binance and see what's going on there? Anyway, this milking accusation has been around forever. Deal with it.
This is the worse type of article I've ever read. This doesn't make any sense.
Actually I do not believe that this news is true. The bitcoin is the base of the market of cryptocurrency. Without bitcoin, this market will be nothing. People are now in panic because of the slowdown of the price. That’s why such type of things can be expected and this can be rumors also.
There has been seen more withdrawals compared to deposits on the coinbase. It is actually a situation trying to dump the bitcoin indirectly.
I believe that there ia no way to leave the field. And traders will not leave this industry so easily. At least who have seen the pick of the market. So please don't spread FUD.
this can be good idea for those who wanted to leave crypto , they believed it is a good opportunity but who are in this field and wanted to make profit for them this move can be harmful.
Jump to: