Topic: Up or Down, People Hodl (Read 360 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.
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.
What do you expect? Halving is around the corner so I expect more buy orders on exchanges from now on, Bitcoin is the best and it was designed to withstand recession times like we are in right now
I didn't expect a lot from the halving caused by the covid is still there and there was no reason for people to hype bitcoin again. i may think crypto will always be stable like this until the end of this pandemic. He said just hodl in any situation but some people may think if they can make some bucks from the market and why not?
By analyzing the Celsius smart contract, it is possible to see hodlers in action. Regardless of which direction the price moves, deposits have exceeded withdrawals.
Holding is not bad but at least you hold for long term with a proper strategy, not just holding and waiting for moon. For example, 30% of BTC in my portfolio is for long term holding while I trade the rest. I can't just be watching coins on my portfolio go up and down without making profit, since I'm a real time trader. However, I'm not castigating those who just hold for holding sake, we all must not have similar motives. If there are more holders, it's good for the overral market anyway.
Number of withdrawals and deposit has no relation with number of people holding it, even if the trading activity increase the rate of deposit and withdrawal gets increases.But the thing is right no matter of what people will still hold their cryptos in ups and down, but there are only very few people with that kind of enthusiasm towards cryptos.
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?
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.
No, you are right. For a trader who is active on the exchange, I think they would prefer not to keep their BTC in a personal wallet assuming they can always control the risk that price movements might pose.while people depositing are doing so for long term.
I am not sure an investor will keep their assets in exchange for a long time in hopes of earning interest. This action is very unsafe and also not recommended.
What do you expect? Halving is around the corner so I expect more buy orders on exchanges from now on, Bitcoin is the best and it was designed to withstand recession times like we are in right now
Increase in activity is always a good signal for market. People withdrawing from Celsius might have different purpose that includes cashing out as well as holding them in safe place while people depositing are doing so for long term. They are either new investors or believes banks would perform bad and Celsius is the only place where they'll get decent interest on their savings.
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
The writing is literally on the wall people, buy bitcoin and either trade or hold! Make sure you hold for at least a year no matter what.
Trade for those scalpers.They get profit for expenses and then retrieve the initial capital that they have in bitcoin.
The halving does really matter in these occasions. They don't want to be left by the possible up that it will bring to the market as an aftershock. I'm already hearing negative people about the halving and it won't be the same as the past but just to be sure, HODL is the best position today.
It's definitely important to work up the balls to hold now more than ever.
Bitcoin was designed to withstand the global recession and we are definitely on the brink of one. I wouldn't be surprised if this one is even worse than the great depression.
The halving is also just around the corner.
The writing is literally on the wall people, buy bitcoin and either trade or hold! Make sure you hold for at least a year no matter what.
Bitcoin was designed to withstand the global recession and we are definitely on the brink of one. I wouldn't be surprised if this one is even worse than the great depression.
The halving is also just around the corner.
The writing is literally on the wall people, buy bitcoin and either trade or hold! Make sure you hold for at least a year no matter what.
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.
By analyzing the Celsius smart contract, it is possible to see hodlers in action. Regardless of which direction the price moves, deposits have exceeded withdrawals.
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