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Author Topic: Prices rises - Tx fees stay low?  (Read 176 times)
mk4
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August 13, 2021, 04:39:56 PM
 #21

It means people store their coins in the exchanges and that can be good or bad, depend on how competent the exchanges. My only concern is about embezzlement and the so-called hacks.

The data says otherwise. People in fact have been withdrawing their coins to their own wallets out of exchanges, which is a really good thing regardless of price effects.



Chart courtesy of glassnode's Twitter post[1] since I'm only a free user.


[1] https://twitter.com/glassnode/status/1425969382664986630/photo/1

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Alisha-k
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August 13, 2021, 08:28:24 PM
 #22

I see this as a new era in the Bitcoin price chat so no need of been paranoid for missing out of 2017 opportunity this can't be the highest price for the year and to think of it we still expect Bitcoin to retest it's previous highs first before we can then conclude on what next awaits the market for now keep buying as low as possible and ensure to sell high so as to time another good entry point to buy more.

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jostorres
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August 13, 2021, 09:10:15 PM
 #23

I'm not really trading, but who doesn't like more BTC by selling high and buying again "low"?
Am I wrong or is the mempool being pretty empty a REALLY bad sign for the 50%+ in Price?
Is this the last high for this year? Or am I being too paranoid after 2017  Grin
I know a lot of people look at the events that took place in the past when they are making their decisions, but I think this year has been quite different. It might not really play out the same way that the past years has been. The price hasn’t really gone down as I expected, I thought that it was going to crash earlier since to around twenty thousand dollars or even a price that is below, but I was surprised that for months now it has been able to retain its value around thirty thousand dollars and sometimes going to forty thousand, which is really a great thing.

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dothebeats
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August 13, 2021, 11:57:47 PM
 #24

Most people and traders are not taking their coins out of the exchanges in the anticipation of wild price movements. This is to ensure that they are already in the action as it happens and no other hassles or waiting game has to happen before they can participate in the trading action. No need to get paranoid as most funds are probably in stablecoins too, so transfer in between exchanges are a lot faster.

Also, isn't it a good thing that the tx fees are quite low when the price is high? It rarely happens, too.

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