I spent an hour transferring my little bitcoin I have on Strike to Ledger. I still get tense. I even to a small test then wait. But the second move always gets me.
This is good long term for Bitcoin’s health, however short term this will cause an increase of volatility because of the big reduction of liquidity on exchanges.
Interesting the assumption is the market will trade higher because there is less supply on the exchanges, the same holds true for less demand. A large margin call could move this market by thousands of dollars due to a lack of underlying purchase orders.
I’ve been following this. Daily 5-6k new wholecoiner addresses are being added.
It’s staggering how many people left their bitcoin on exchanges.
If everyone withdraw, we would probably have 2 million wholecoiners already.
But I don’t think everyone will be able to withdraw. FTX alone sold $1.5 billion worth of paper bitcoin. The price would be at least 40k now without all the paper bitcoin exchanges have sold.
Can someone explain how this would be bullish? Being in cold storage means it’s less liquid for your average user, meaning less use. Also, the fear that drives people to cold storage would also keep people from buying BTC in the first place. What am I missing?
After 4 years, I moved my 5.2 BTC (saved over the years) from Coinbase to Ledger Nano plus last weekend! Everytime I considered earlier, I always balked at having to store the recovery phrase etc.. but FTX lit fire under my ass
Nothing bullish going on anytime soon.
yup better that way.
I need more time in the fiat mines anyway, so I’m happy to DCA at these prices until the next halving.
I spent an hour transferring my little bitcoin I have on Strike to Ledger. I still get tense. I even to a small test then wait. But the second move always gets me.
Half of those people will make a critical mistake at some point over the next ten years and lose all of their BTC.
90% of the population can’t even figure out how to back up a lifetime of their pictures on their computer.
the cold rush begins!
I’m sorry, is this screenshot from Windows 95 or Palm phone?
Can we see this over more than a two week timeframe?
Exchanges gonna get a stress test, we’ll see who *actually* has the reserves they claim
Can i withdraw my 512 sats from coinbase?
can someone explain why this would be bullish?
This is good long term for Bitcoin’s health, however short term this will cause an increase of volatility because of the big reduction of liquidity on exchanges.
Did this last night. Not your keys, not your crypto. We all learned from FTX.
the market is cleansing
Bank run crypto version
Bullish? Isn’t this because people are afraid of keeping their crypto on exchanges like FTX? 😀
Interesting the assumption is the market will trade higher because there is less supply on the exchanges, the same holds true for less demand. A large margin call could move this market by thousands of dollars due to a lack of underlying purchase orders.
Now stock to flow could mean something
Exciting to see plebs take the power back, that is what Satoshi wanted
Buy your Trezor or Ledger wallets direct from them and not off eBay or Amazon or elsewhere..✔️
STAY SAFE..????
I went to hot storage for now x_x can’t afford the cold. Next month though that changes. Merry Christmas to meeeeee
I have more custody over my bitcoin then I do my own children ????
I’ve been following this. Daily 5-6k new wholecoiner addresses are being added.
It’s staggering how many people left their bitcoin on exchanges.
If everyone withdraw, we would probably have 2 million wholecoiners already.
But I don’t think everyone will be able to withdraw. FTX alone sold $1.5 billion worth of paper bitcoin. The price would be at least 40k now without all the paper bitcoin exchanges have sold.
Can someone please explain why this is bullish ?
I really need to learn how to get my Bitcoin of exchanges.
Can someone explain how this would be bullish? Being in cold storage means it’s less liquid for your average user, meaning less use. Also, the fear that drives people to cold storage would also keep people from buying BTC in the first place. What am I missing?
I can’t believe I’m gonna be able to become a whole coiner soon.
Is all exchanges going bankrupt bullish sign
Codl
Why does cold storage signal bullish? Wouldn’t that mean everyone is preparing for a collapse?
Also a mass exodus from exchanges. I bet more will topple
Is this bullish? Normally probably. But given the recent circumstances I’d call this a mass panic.
After 4 years, I moved my 5.2 BTC (saved over the years) from Coinbase to Ledger Nano plus last weekend! Everytime I considered earlier, I always balked at having to store the recovery phrase etc.. but FTX lit fire under my ass
Nacho keys, nacho coins!