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Bitcoin Is Being Transferred Off Of Exchanges At The FASTEST Rate Ever – What Will Happen When HODLers DOMINATE The Market?

Bitcoin Is Being Transferred Off Of Exchanges At The FASTEST Rate Ever – What Will Happen When HODLers DOMINATE The Market?



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18 Comments

  1. Hodlers have always dominated the market. The hodlers are consolidating their coins in cold storage wallets right now, as the vulnerability of all other wallets is becoming worse.

    Every day I read about someone losing access to their software wallet, having their coins stolen, and getting no help from exchanges, etc. Hodlers are putting 95% of their coins on Ledger and Trezor, wrapping those in water-proof plastic, and putting them into fire-proof safes.

  2. tldr; Bitcoin being taken off exchanges is a clear sign that the owner is storing it instead of keeping it on an exchange where they can easily sell it. This confirms that bitcoin accumulation continued as the price fell. Long-term holders now own 79.5% of bitcoin’s supply.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  3. People than plan on selling their coin keep them on exchanges. They don’t do the hassle of transferring it to a wallet just to spend fees to transfer it back. So most likely it is a sign the price will go up until you see an increase in exchange coin deposits.

  4. I’m a pretty trivial percentage, but one of the reasons I’ve been moving my online btc off exchanges is to move it *onto* btc interest accounts. If be willing to bet a lot of others are too as trust in those services grows.

    If you want to subvert the fiat banking industry by becoming your own bank, step two is offering loans and savings backed by your btc that the traditional industry can’t compete with.

  5. Really the answer is that no one knows what would happen. There have been assets with finite supply before, but the divisibility of btc is unique. I think that in an rising market, limited supply is not an issue. I think there could be a problem if the long term holders stopped participating in the market. But, why would they?

  6. Um, the market has Zero hodlers on it. If you’re hodling off an exchange, then you’re not on an exchange to trade. No trading, no market.

    You mean what will happen when there is no market left? Great question. We’ll never know because someone will always want to take a chance at making more money.

What do you think?

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