Less supply should increase prices eventually, it will also reveal shady players with paper Bitcoin. This is what we should focus on and keep hammering in. Take your Bitcoin off the exchange and keep hodling.
Question… isnt a massive exodus of bitcoin out of exchanges going to bring prices down? The less it is traded and turned into a profit in the process by exchanges, the less value it will be percieved to have as an asset?
Monitor yourself here: https://www.coinglass.com/Balance
Less supply should increase prices eventually, it will also reveal shady players with paper Bitcoin. This is what we should focus on and keep hammering in. Take your Bitcoin off the exchange and keep hodling.
Bullish
This is what we want to see.
Nice
So basically this:
https://twitter.com/100trillionUSD/status/1591813959438553091
Good, leave nothing, lend nothing, so that nobody is able to go short.
Isn’t this also because some hacker just stole a lot of coins from FTX?
Only 10% drop
If everyone would do it there would not be enough to around
Question… isnt a massive exodus of bitcoin out of exchanges going to bring prices down? The less it is traded and turned into a profit in the process by exchanges, the less value it will be percieved to have as an asset?
I really don’t think so much
About fucking time people are getting the message
Never leave bitcoin on exchanges
Use your bitcoin in commerce
Buy [bitcoin] and replace [your fiat]
Bullish
Store of value, and then medium of exchange – stack those sats, people!
Shouldn’t this be driving the price UP? You know, in the case of a free market?
This means whales are buying the dip.
Lots of small hands pile coins into the exchanges when buying.
This is blood in the streets, the people who bought at $60K saw the exchange collapse and are deciding to get what little they can.
Buy high sell low is their strategy. Lets see how that plays out.
I prefer [Bitcoin Balances on Exchanges](https://www.coincarp.com/currencies/bitcoin/exchange-wallets/) on CoinCarp
Bitcoin was designed to weather the storm. It will be back even stronger
Is this Coinglass? Does anyone know how Crypto.com is classified as I did not see it as it’s own entity in the list. Just curious.