Topic: Up or Down, People Hodl (Read 361 times)
With the immense volatility and uncertainty of Bitcoin at the moment, it is highly advisable to do nothing but to hold your positions. We all know most of these assets follow the wave of Bitcoin and react accordingly. Trading at these uncertain conditions will be a sure fire way to lose immensely. Even the best of the best traders with their expertise and experience are finding it difficult to profitably trade in these conditions. The long term movement of Bitcoin should be the goal. With the just concluded halving, there is no doubt that Bitcoin will be bullish in the near future and thus, returning a more stable and bullish crypto industry. Until then, be cautious and follow carefully.
The number of all BTC addresses has grown, the hashing power has grown, so now we only waits when BTC price will react on it. 
I think so and with the decrease of the bitcoin inflation will actually bring the bitcoin to heaven. I guess the correction will come but it will not so bad as before caused by bitcoin is building a very strong fundamental again. We may see bitcoin will touch the last peak price again very soon.
Hodlers are waiting for their target price and obviously they wont sell at a cheaper price. There are times the peak price was already hit and that’s beyond their target price but because of greed they tend to hold for more, most of them succeed to take profit but most of them missed the chance of taking profit, greed and fear must be the reason.
And yes that's the big true holders are waiting to rise the price of the coins they have, Even do it will take for so long if the coins has have a future. Trading early in a a low of price Ill think it was a waste of time and can earn only a small amount of profit. Must better have patience if we want to earn more profit for holding. Dont be greedy and need to calm ourselves in comes of holding. 
The number of all BTC addresses has grown, the hashing power has grown, so now we only waits when BTC price will react on it.
For me deposit and withdraw can't be big effect on cryptocurrency. We are seeing that some exchanges are very trustable, I'm not giving advice to hold in exchange. We don't deposit to sell BTC, there so many options altcoins buy or trade. This up and down is for halving and coronavirus. Market can't be stable until we can control coronavirus.
It's not really recommended to deposit your long term holdings in an exchange no matter how reputable it is. I think this time a lot of investors have made deposits rather than withrawals because of halving and that bull run is expected by everyone. Instead of depositing your btc in an exchange, you can try to trade it or just buy another btc when the price is already in dip.
For me deposit and withdraw can't be big effect on cryptocurrency. We are seeing that some exchanges are very trustable, I'm not giving advice to hold in exchange. We don't deposit to sell BTC, there so many options altcoins buy or trade. This up and down is for halving and coronavirus. Market can't be stable until we can control coronavirus.
It's not really recommended to deposit your long term holdings in an exchange no matter how reputable it is. I think this time a lot of investors have made deposits rather than withrawals because of halving and that bull run is expected by everyone. Instead of depositing your btc in an exchange, you can try to trade it or just buy another btc when the price is already in dip.
I think this is the situation of things when a investor is going to make a big dill . Its a bull run / a bear run then peoples will buy / sell / hold ,thats the nature of the market . Always do your own research before invest .
It doesn't seem like those are hodlers, instead those are traders who are engaging into trading from different exchanges, while withdrawals are also traders who don't want to stack their crypto inside an exchanges, obviously because no crypto asset is more safer than storing them in your cold wallet.
Imo, the level of deposits and withdrawals could be pictured out by looking at the current price.
Imo, the level of deposits and withdrawals could be pictured out by looking at the current price.
For me deposit and withdraw can't be big effect on cryptocurrency. We are seeing that some exchanges are very trustable, I'm not giving advice to hold in exchange. We don't deposit to sell BTC, there so many options altcoins buy or trade. This up and down is for halving and coronavirus. Market can't be stable until we can control coronavirus.
Hodlers are waiting for their target price and obviously they wont sell at a cheaper price. There are times the peak price was already hit and that’s beyond their target price but because of greed they tend to hold for more, most of them succeed to take profit but most of them missed the chance of taking profit, greed and fear must be the reason.
There are two types of holders. The first is someone who will hold it until they get a profit regardless of the conditions that occur, this is a bad example of a holder, he does not want to learn to understand the situation of the coins he has, this type only relies on instinct.The second is the type that determines the lower limit of the price of the coin he saves if the price of the asset he touches x, then he will sell it regardless of whatever the condition is because he believes it is better to incur fewer losses than incur more losses.
I prefer the second type.
Hodlers are waiting for their target price and obviously they wont sell at a cheaper price. There are times the peak price was already hit and that’s beyond their target price but because of greed they tend to hold for more, most of them succeed to take profit but most of them missed the chance of taking profit, greed and fear must be the reason.
Based on data you gave the bitcoin is in good progress, deposit always bigger than withdrawal, but i think many whale is just hodling now, i dont see any big move from whale recently, or maybe i just missing that news
Actually his data doesn't say anything about the hodlers.
Those people do not trade but hold their coins to hedge against inflation and excessive goivernment interference in economy. The statistics showing deposits and withdrawals from exchanges don't really tell you what the hodlers are doing. It only shows you the general behaviour of bitcoin traders.
Based on data you gave the bitcoin is in good progress, deposit always bigger than withdrawal, but i think many whale is just hodling now, i dont see any big move from whale recently, or maybe i just missing that news
Majority of cryptocurrency users are not traders. Most have only one knowledge of buying for the long term. I had such orientation when I came in new, my friends told me to buy Btc as much as I can and hodl, to an extent it did me no good because I got rekt which led to my unending hodl.
One should have couple of strategy and goals which could help you to make short term and long term profit as well. Definitely if you had purchase in high rise market you would end up on losing note more than making profits. So it is said that buy during dips and fear during high rise. But generally people do opposite and then regret later.
Is that data is accurate? If yes, let us compare the market movement in the first quarter of 2020. as we can see, the withdrawals and deposit ratio was already near equal but still more deposits than withdrawal in terms of volume, people still hold, compared to last quarter of 2019, but I'm not wondering why the statistics are pointing out that gap? because it is the time that the COVID-19 pandemic was already wreaking havoc around the world. that was triggered a massive sell-off and then who's still holding, whales?
Maybe there was something out of ordinary for 2017 that we do not hear about or know about that caused all of that and right now we are back before any of this happened? If you remove the 2017 spike out of the way, we are talking about bitcoin moving from 700-1000 dollars range to 7000 dollars range in 3 or so years, that means we are talking about a great but believable and understandable increase.
There has to be a lot of stuff that made x7 profits in the past 3 years if you put your money into it, not common I know but there must be a lot more than things that did x20 and dropped to x3 and went to x14 and dropped to x7 all over and over again like crazy. So I think if you hold enough, except the weird moments at 2017, we would be in profit almost all the time.
There has to be a lot of stuff that made x7 profits in the past 3 years if you put your money into it, not common I know but there must be a lot more than things that did x20 and dropped to x3 and went to x14 and dropped to x7 all over and over again like crazy. So I think if you hold enough, except the weird moments at 2017, we would be in profit almost all the time.
It's simply not yet time for people to take profit . They want to wait as we move closer to Bitcoin halving. I think that's what is playing out now.
I dont think so. Even with halving is near people tendency is to trade. Like what OP said, why more funds going out from their wallet? It doesnt make sense. If your a holder then likely you will keep it on your wallet instead sending it to the exchange. You are getting the wrong Idea and it simply means we arent doing any better. This is actually a nervous breakdown scenario where people instead of holding are just panicking and eventually will sell once they feel that the market is going down badly.Well based from the gun chart I assume we are heading to a more collision zone where funds will be liquidated.
Good news for the industry, people believe in it in any situation. Fresh money is always useful
Doesn't it actually mean the opposite? If there are more deposits than withdrawals, it means more people are putting their BTC on an exchange than those who are withdrawing into their personal wallets. I see it this way, maybe my perspective is wrong.
agree, it is the quantity that is transferred to exchange higher than that hold in personal wallets, seems that people are looking to trade their BTC, not to hodl it long term, maybe celsius have something different in mind with these numbers, but then it should be noted in an image what deposits/withdrawals mean
perspectives! While its not certain to determine the fate of the market in the near future , one thing is certain, more people are learning the trade now and often tend to deposit more for trading and other purposes in exchanges which is a good thing. The more people learn about crypto, the more they buy btw and deposits will increase as depicted in 2017 which was a year of boom
Well, from the chart in the OP it looks like people tend to move their BTC to exchanges and buy alts/fiat with them which makes the withdrawals not count as BTC ones. If there are lots of deposits and less withdrawals, it means they're withdrawing something other than BTC.On the other hand, there's one thing we do not take into account: the fact that a lot of people are holding most of their funds on exchanges instead of personal wallets. I've seen people on BitcoinTalk use their exchange wallet as signature campaign payout addresses.
Could it mean that there are more users who deposited their BTC to exchanges, there are more who panicked and their coins were now bought by top dogs? In Q3 they hurry to dump to the exchange, it seem they knew it's going to dive below 7k. Now Q2 2020, they up to buy again.
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