Topic: Up or Down, People Hodl - page 2. (Read 360 times)
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.
I'm not sure what you said is positive but looking at the chart can see the number of BTC withdrawals and deposits over time, BTC is getting more attention?
More like the having is around the corner so people instead of letting their coin sitting at dust, start to move it around to anticipant the having. 
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.
Look at each years graph, Definitely 2017 was the year where bitcoin went to its pick and then gradually fell back each in every succeeding years especially in 2020 the time we are experciencing market melt down due to corona virus pandemic. Many investors or traders have pulled back their assets in order to avoid more losses or they use it for financial consumption.
unstable prices make it difficult for users to determine. whether we will hold it or just let it go. this is really difficult. but don't worry. if people still have faith in bitcoin, everything will be fine
Don't get your hopes up too much about halving, after it become a success Bitcoin value will drop again, untill further notice, future movement then maybe things will take a new turn, my plan is to keep holding since I don't need much money now, I can hold till coming year 2021
We cannot stop others from having a high hopes about this halving event. More deposits than withdrawal this means people are into bitcoin. Whatever the outcomes of bitcoin whether the price to be up or down, up to this date I am still holding bitcoin.
Don't get your hopes up too much about halving, after it become a success Bitcoin value will drop again, untill further notice, future movement then maybe things will take a new turn, my plan is to keep holding since I don't need much money now, I can hold till coming year 2021
Now is the best time to HODL, Bitcoin halving is coming in hot even some don't believe that the halving will be like what we've seen in the past but who can tell? The only way to find out is to HODL
if you can afford to HOLD I think that's good, but if you can't afford to take risks, you can sell Bitcoin at the highest price, maybe before Halving will go to $ 8000, as in the case of BCH, the price of BCH also increases before halving, and after that price drops to support
Now is the best time to HODL, Bitcoin halving is coming in hot even some don't believe that the halving will be like what we've seen in the past but who can tell? The only way to find out is to HODL
Well the Celsius networks job is different here. They give out loans for altcoin as collateral. Obviously they have their own propaganda here.
While some people are in a money-lacking situation currently some are having a store of money slowly being spent for their need.
The bad thing that I feel about brokers is that they dont care about people's lives. They only care about their methods of using situation and circumstances to make money. A good demonstration was the movie "The Wolf Of Wall Street" - recommend it to everyone here who is 18+
Again if MakerDAO and Celsius are working together then it is better to stay away from these news because how far it is truthful is questionable. They are trying to make people spend their hoarded money into taking loans from them and wasting it on options and margin trading.
While some people are in a money-lacking situation currently some are having a store of money slowly being spent for their need.
The bad thing that I feel about brokers is that they dont care about people's lives. They only care about their methods of using situation and circumstances to make money. A good demonstration was the movie "The Wolf Of Wall Street" - recommend it to everyone here who is 18+
Again if MakerDAO and Celsius are working together then it is better to stay away from these news because how far it is truthful is questionable. They are trying to make people spend their hoarded money into taking loans from them and wasting it on options and margin trading.
More deposits than withdrawals.
This just means people are now putting their money and taking the risk for holding bitcoin as their investments. It only shows that their is a massive increased of btc holdings and people tend know better about it. Regardless of the market unstable features, hold is still the best option. Is the data gathered from all of the crypto exchanges?
This just means people are now putting their money and taking the risk for holding bitcoin as their investments. It only shows that their is a massive increased of btc holdings and people tend know better about it. Regardless of the market unstable features, hold is still the best option. Is the data gathered from all of the crypto exchanges?
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.
You actually make sense than the OP stated. Because from the looks of it, people are depositing Bitcoin to trade it rather than Hold it or most likely that people hold their Bitcoin in exchanges which is pretty stupid. It doesn't say much if whether people dump Bitcoin to USD or other altcoins though.
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.
That's true and remember there was a lot of bitcoin comes from the tokenplus too. it looks like the bitcoin that has already sent to the exchange site is getting sold by the sender. That means it was having the opposite trend. Your perspective is not wrong. That's the fact.
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.
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
Holding should really be matter this time. The chart shows how people become motivated and being positive for the halving that even brought them to hold and wait for the moment that their sell order will be filled. This will also show that there is a huge number of people that are trusting the crypto market to recover than being a weak hand. It looks like we can't able to see the market to drop hard again if the resistance will remain that strong.
I think that very soon we will see changes. In the first quarter of 2020, people withdraw their money very actively because there was a fall in financial markets. people sold because they expected a panic, but the panic has not begun yet. most likely in the second quarter, we will see that there will be more deposits than withdraws.
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.
-snip
From these data, we can see a very significant increase in one year's vulnerability. From Q1 of 2019 to Q1 of 2020, the numbers show a 10-times increase. Is this great progress, isn't this? This proves that the trend of Bitcoin is getting bigger and bigger. More and more numbers of BTC and people involved in it, both deposits and withdrawals. Regardless of which direction the price moves, deposits have exceeded withdrawals.
And in my opinion, the amount of the deposit that is bigger than the withdrawal is good news. This means that more and more BTC are deposited. And of course this means that BTC is indeed a worthy coin of long-term hold and investment. Of course, especially when Bitcoin halving will happen soon. This might also be one reason.
I think this is the true situation of things.
Either its a bull run or a bear run; people hodl, people dump, people sell and people take profit.
What matters is our individualistic activity on the market, and its all that matters.
Always do your own research
Either its a bull run or a bear run; people hodl, people dump, people sell and people take profit.
What matters is our individualistic activity on the market, and its all that matters.
Always do your own research
Deposits in exchange?
I have the same question as kevin up there.
It seems like it had not been answered yet.
If those are exchange deposits then we could say those trading advertisements in Youtube are working.
That means only profit for them.
I have the same question as kevin up there.
It seems like it had not been answered yet.
If those are exchange deposits then we could say those trading advertisements in Youtube are working.
That means only profit for them.
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