Withdrawing funds from the exchange to personal wallets is more likely due to concern for their own security - since a lot of exchanges has been hacked or simply blown away in recent years.
I'm not sure that your data supports your theory, but I still insist that such charts are related to the vulnerability of exchanges and the lack of guarantees for the return of lost funds in the event of hacks.
The first time the thread popped up, this is the same thing I reasoned. It could be people are withdrawing from exchanges to personal wallets due to high risk involved in those exchanges lately because of theft and hacks. As far as people still trade on exchanges, I don't think there is a reason to panic just yet. Let's wait for the bull run. Not only hacking is what concerns them but the idea about the coming bullrun maybe they are waiting for the correction first so they are getting ready to buy again when the prices dumps before going higher and higher. practically this is a good way of being ready . but of course maybe the reason also is what happen in Okex exchange that has been taking into authority recently,so people are taking off first to make sure they will not be affected in case the government are into exchanges. It seems to me that the fear of another hacking of the exchange is quite a significant factor here. And the more people leave the exchanges, the faster they will start investing in providing even super - excess security instead of writing themselves (for example) regular bonuses or paying for crooked marketing and stupid "bring a friend" promotions, and so on. As soon as the exchanges resolve the security issue, the outflow of people will continue and distrust of exchanges as a place to store money will grow more and more. |
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If that is the case as you said ETH should have taken over now.
but the fact is btc is still strong in the lead, we will never know the extent of development that will occur in altcoins, but still the one who will be at the top is btc.
There will never be more trust in Ethereum than in Bitcoin. This is primarily due to the fact that Ethereum is not a fully decentralized coin. It is good to earn money on ether and its tokens, but it is more reliable to store money in bitcoins. And the fact that bitcoin has the largest capitalization in the crypto market confirms my words. use Is it safer to store in BTC? Tell this to those who are still waiting for the legendary "flight to the moon" with coins in cold storage when ETH is steadily going up and is not going to stop. ETH is better than BTC in everything from usability to the fact that it is not as super - stable as BTC. Again, why do you need cryptocurrency? If you just want to get more dollars, then you should have something to trade without any difference at all. If you still believe in a great crypto future where you can order a taxi and buy coffee with tokens then in this case ETH looks much better because it is much easier to scale and much faster than BTC. If BTC is a wheel when ETH is already a space Elevator. I need cryptocurrency as an alternative to paper money. I want to own my own funds. Bitcoin helps me with this. Vitalik won't come to me and say, we decided to launch a new network - migrate there, friend. I bought coins and they are in my wallet and I will not sell them until I retire. This is my additional retirement savings. And what is the difference between Apple/Amazon conditional shares and cryptocurrency then? Both means of investment can collapse for one reason or another - only in the first case, the chance of death of such companies is very small. At the same time, no one can even imagine what will happen to cryptocurrency in the future. We may have the future where even in a vegetable shop on your street you can pay with some DogeCoin, not to mention BTC/ETH/etc. Or it may be that all countries (read - world leaders) will decide that cryptocurrency as such is a threat to national/world security and will start a full-scale war against them. Will close all exchanges, etc. And then what? I still think it is not good idea to use crypto as very long term investment at the moment, because they still does not have the legal status |
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Withdrawing funds from the exchange to personal wallets is more likely due to concern for their own security - since a lot of exchanges has been hacked or simply blown away in recent years.
I'm not sure that your data supports your theory, but I still insist that such charts are related to the vulnerability of exchanges and the lack of guarantees for the return of lost funds in the event of hacks.
Even so, that could still result in the same sort of bullish pressure discussed by the OP. If you have funds stored on exchanges, you are much more likely to trade them than if it takes effort and time to deposit every single time. I know from experience. This is actually a tool a couple HODLers I know have historically used: make cold storage difficult enough to access that they can't reasonably panic sell in a crash. It's the same idea, really. This is also could be a reason - and I don't see anything wrong with it. In this case, it is not only profitable for whales to withdraw their funds to cold wallets and hold them, but also, as you correctly noticed, this allows you to limit yourself from FOMO attacks and do not make hasty decisions |
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There is no real decentralization anywhere and never has been.
And just try to say about BTC - now Satoshi will come out of his coma and drop the entire market with his wallet, so instead of a bright crypto-future, you will get a bunch of suicides and turning the coin into dust
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Oh, really? It would be worth adding that it is always worth it
- look at the charts
- check news about your investments at least once a day
- be able to use the terminal
- it would nice to be able to count at least simple numbers in your mind
- be able to read
Are you kidding me? Why write such really "capital truths" and write such a title? This does not do you any credit but only shows that you not only do not respect the people on this site but also do not have at least some understanding of where you are and what you write.
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If that is the case as you said ETH should have taken over now.
but the fact is btc is still strong in the lead, we will never know the extent of development that will occur in altcoins, but still the one who will be at the top is btc.
There will never be more trust in Ethereum than in Bitcoin. This is primarily due to the fact that Ethereum is not a fully decentralized coin. It is good to earn money on ether and its tokens, but it is more reliable to store money in bitcoins. And the fact that bitcoin has the largest capitalization in the crypto market confirms my words. use Is it safer to store in BTC? Tell this to those who are still waiting for the legendary "flight to the moon" with coins in cold storage when ETH is steadily going up and is not going to stop. ETH is better than BTC in everything from usability to the fact that it is not as super - stable as BTC. Again, why do you need cryptocurrency? If you just want to get more dollars, then you should have something to trade without any difference at all. If you still believe in a great crypto future where you can order a taxi and buy coffee with tokens then in this case ETH looks much better because it is much easier to scale and much faster than BTC. If BTC is a wheel when ETH is already a space Elevator. |
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Of course, ETH - at least because Binance is just an exchange that took and copied use cases of Ethereum when Buterin is already a person almost at the level of the same Satoshi, that is, the Messiah or if you want a visionary of the crypto world.
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Gold and Oil as it stands today are mainly commodity. Bitcoin is digital money. So their functionality differs. Therefore you cannot categorically expect that Bitcoin will replace Oil and Gold.
Maybe he means in terms of investment government can decide by their own if they think that bitcoin can give them income for the next more years and will lost their investment in oil and gold they can move to other investment. Its investment even individual persons or small investors do that and invest only to what they think is profitable for them. they are just securing thier money if they know they will lose in other investment why would you continue supporting drop it and find other alternative that will be beneficial for you in long term. I mean yes this!! You are correct The btc will not become oil or gold. It just will replace the oil and Gold position in Investment area It will not replace it. At least because BTC as such, let's be honest, it's still a magic digital money for the geeks . No one professional trader/economist/etc will invest in BTC on a serious face with the hope that it will totally replace gold. It's like playing Russian roulette from a Glock and hoping that there will be a misfire. |
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I am physically hurt by what is written here.
I would love to see how you will fill BTC in the tank of your car, refuel a plane or tanker with it. Or how are you going to use the BTC somewhere on the processors instead of gold.
What is the secret use of BTC by governments? Can you still say that cryptocurrency is a ZOG project that would take all the money in the world?
God, why...
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Withdrawing funds from the exchange to personal wallets is more likely due to concern for their own security - since a lot of exchanges has been hacked or simply blown away in recent years.
I'm not sure that your data supports your theory, but I still insist that such charts are related to the vulnerability of exchanges and the lack of guarantees for the return of lost funds in the event of hacks.
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I can understand why some people mention Telegram is trash, because now there are so many scams on the Telegram platform.
Especially in the cryptocurrency world, Telegram is often used as a means of communication between fellow crypto communities,
and Telegram is also used by the Bounty Manager to communicate with bounty hunters. Here scammers use Telegram to spread
fake investment offers, and also shit projects doing fundraising using the Telegram platform. So it's actually not the Telegram
platform's fault if there are lots of scams, however, we ourselves should be able to filter the information that occurs on Telegram.
Another proof of the spiral nature of history. First there were forums where there were a lot of scammers. Then full-fledged fraudulent crypto projects began to appear. And now it's enough to create a landing page and a group in TG that would already be able to profit from someone else's ignorance. Just no one wants to conduct at least the simplest and primary analysis of something-it's much easier then to go somewhere and write that "[N] is a Scam" You guys should see my email account and the kind of shit mail I get every day. Basically 90+ % of the mail in my mailfolder is either phishing emails, straight out scams, or trying to sell fake products. Kind of puts things into perspective amd makes Telegram look like a much better platform of communication. That's it. There is little spam like this in telegram - it is quite difficult to write to you in a personal account if it is blocked. So no bots and other stories will work there, which is not the case with regular mail, which is filled with all sorts of bullshit 24/7. |
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bitcoin is technically more superior the net ,yes but the use cases are bigger for ethernet now! I really don’t understand how people can think like that. Or is this such a subtle ironic joke that I didn't understand? What about smart contracts, scalability, and overall network speed of ETH, for example ? How is ETH 2.0? This is even less funny than the threads from spy 100 |
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What's the point of this money? The only thing they can do is to further strengthen the meme "hehe printer does brrr" and no more. You know that no one can just print a certain amount of money for stimulus without consequences. They will just burn up by inflation and that's it. It is unlikely to get better, but it is quite worse.
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Is this a joke or something? Tell us how can a Fiat currency provide something that the Issuer of this currency does not recognize? And in the case of the dollar - not only the Issuer but also the rest of the world.
Do you want your salary to be lottery vouchers instead of dollars? I don't think you do. And no one wants to. Where does this overwhelming desire to use btc everywhere come from? Are you all right?
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I can understand why some people mention Telegram is trash, because now there are so many scams on the Telegram platform.
Especially in the cryptocurrency world, Telegram is often used as a means of communication between fellow crypto communities,
and Telegram is also used by the Bounty Manager to communicate with bounty hunters. Here scammers use Telegram to spread
fake investment offers, and also shit projects doing fundraising using the Telegram platform. So it's actually not the Telegram
platform's fault if there are lots of scams, however, we ourselves should be able to filter the information that occurs on Telegram.
Another proof of the spiral nature of history. First there were forums where there were a lot of scammers. Then full-fledged fraudulent crypto projects began to appear. And now it's enough to create a landing page and a group in TG that would already be able to profit from someone else's ignorance. Just no one wants to conduct at least the simplest and primary analysis of something-it's much easier then to go somewhere and write that "[N] is a Scam" |
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While everyone here is telling you that you can actually make regular purchases with cryptocurrency, I'll ask you something else.
Why do YOU use cryptocurrencies if they are so useless? Is this a special kind of masochism? Or to spite someone? Why, Mr. smartcontracts100 (aka spy 100), why do you continue to use this tool if you consider it useless? You know why. Everyone here knows why.
Why? Because you are not interested in the possibility of buying a PS5 for ETH in the official store. You are not interested in buying coffee at Starbucks for btc. You are not interested in integrating cryptocurrency into everyday life.
YOU're only interested in profit. Profit from over-volatility of the exchange rate. Profit from short positions. Profit from new tokens that will become dust tomorrow but today cost 20 thousand dollars.
So answer me - why ask such questions on the forum about cryptocurrencies when you yourself do not need what you are asking?
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This is all very well and really sounds like a sound idea - but you do understand that it is not profitable for any government to have a system of crystal clear taxes? How then will they Finance the "black" sectors of the economy (military industry, research in the military-industrial complex, and other things about security and weapons)? This is at least. And as a maximum - it's no secret that in any state in the world there is theft of budget money. That is why even the most kind and fair President in the world will never come up with the idea of making such a system - because relations between people, their support and votes under different laws will always be much more valuable than your desire to know where your 2 dollars of taxes went.
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Given the level of service of some establishments and the attitude of the waiters to their work, I will only be happy with such a replacement. Constant rudeness, begging for tips for nothing and just not caring about their work - this is not what I expect when I come to a cafe or restaurant for lunch. I will be happy to go to a place where robots will serve everything. Not only will it be quite new and interesting, but at the same time I will not get negative feedback from hostesses and waiters who think too much about themselves.
Except to those restaurants with highly disciplined employees. Nonetheless, what you said is actually true where everyone has experienced rude food servers that gives the quality of their service depends on the amount of tip. I'm not sure If I'm going to be happy with this changes where there are people that'll lost their jobs, but as long as these culture in the restaurant won't change, then I guess I should choose to be served by a robot which is a lot more accurate than human to start with, when talking about advantages against human. The saddest thing is that every year there are more and more cases of bad service due to bad waiters. All these young boys/girls who go to waiters as a "summer part - time job" or while they are "looking for themselves" - they do not understand at all what the client expects and how to behave to be a really good waiter. I'm sorry but let them be robots instead of these not very smart bags of bones. |
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Given the level of service of some establishments and the attitude of the waiters to their work, I will only be happy with such a replacement. Constant rudeness, begging for tips for nothing and just not caring about their work - this is not what I expect when I come to a cafe or restaurant for lunch. I will be happy to go to a place where robots will serve everything. Not only will it be quite new and interesting, but at the same time I will not get negative feedback from hostesses and waiters who think too much about themselves.
And this is one of the main advantages robots have over people, if someone is being paid to do a job then they should be as nice as possible to their clients and yet you receive terrible service and they still want to receive a huge tip for a job they did not even do properly, this is what is causing many businesses to make the switch, some people do not seem to understand that under the current circumstances holding a job is a blessing and yet it seems they think the job they are performing is below them and with that kind of attitude is easy to see how robots will eventually replace a great deal of the service economy. To be honest - I don't even ask for some super courtesy and that everyone is circling around me for a conditional 10% of the amount of the check in the form of a tip. The simplest example is if I ask the waiter not to BOTHER ME again until I call him, then I expect him to do what I asked. Instead, he still keeps coming up every 10 minutes and asking some bullshit. So what? When I payed the check, I saw the tip that was already included (the waiter turned it on himself) and ask - Where did the tip come from? - Well, didn't you like the service? - No. I do not mind the money, but I believe that if I ask for something quite feasible (simple inaction) it should be done without questions, "do you like our service". |
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All that can be said about YFI has long been said both on this forum and by the charts themselves.
If all cryptocurrencies and the market itself are often compared to a bubble, then your vaunted YFI is a 100% bubble in its most pristine form.
The main question is whether you will have time to get out of it so that you can earn money? If you have time, then of course invest and you will be able to get a good profit, but if you do not intend to look at the terminal continuously 24/7 and react to any wind blow, then it is not worth it. This is really a real casino, and as we know - the casino in any case remains the winner.
Prices alerts are your friend  Of course. But looking at YFI, you understand that it's better to save your nerves once again than to try to beat Russian roulette, isn't it? I still think that such incidents are not what you want to see on the market. Again, such things scare off new users because a novice understands that this price is too volatile |
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