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Author Topic: Will withdrawals increase the market?  (Read 186 times)
CryptoRaymond
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June 14, 2018, 07:18:37 PM
 #21

Since the market is not stable and a big incident in Coinrail has happen few days back, I think, it will be better to keep all the coins in private or offline wallet. Through the way your coins security can be assured.
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June 14, 2018, 07:23:48 PM
Last edit: June 14, 2018, 07:49:19 PM by jak3
 #22

Yes, it does matters. if everyone holds some amount of coin from the total cap then it will increase the rarity of the coin which will eventually raise the price of the coin. But it can also be helpful to withdraw some funds now because many people are still relying on these old methods including me. So we want to see can market will react to these changes. None the less no one is actually losing any coins from their pocket as everyone is taking precautions and very less amount of population here are really taking the risk.
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June 14, 2018, 07:25:32 PM
 #23

Should we put our money in the exchange or in our own purse?

I think everyone has their own opinion, and old users will take money into their wallets.

But novices don't always know how to do this. They only buy and sell COINS on large platforms.


Just last September, when China said it was closing down its trading platform, everyone started selling COINS and withdrawals, and there was basically no currency on the platform. Currency prices have soared in more than a month.

Does the mention of money in one's purse have anything to do with the ups and downs of the market?
Having you coins on exchange wallets is only useful for people who are trading, who need the transaction to be done at the fastest time possible because in this market every second matters and every second costs money, so what use of having your balance on the exchange wallet if you are not going to trade it , if you are going to hold what not keep it on your external wallet to keep it safe.
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June 14, 2018, 09:17:22 PM
 #24

So technically, you will be limiting the available supply for traders to work with, and in theory, the lower the supply is, the higher the price will be, though that also needs the help of demand which is I think a more important part of the equation, This might work, if the demand available for bitcoin is extremely huge, and the current hype about the coin is present. You need to consider a lot of factors in order to make a price bump before limiting a coin's supply. There are already too many hoarders at this current time yet the price isn't up. Why? Because there's simply no demand yet, and it will remain as is until someone starts buying in heaps and significantly move the price up.

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Jonsnowstark
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June 14, 2018, 09:37:44 PM
 #25

Cryptocurrency is for long term investments. Exchanging your bitcoins now because it's dumping is really a bad idea. You should hodl your coins for long term because we know that bitcoin will rise again. Withdrawals cannot increase the market. It's the investors.

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June 14, 2018, 09:46:32 PM
 #26

Of course, holding your coins in your wallet will affect thé market.
The best thing is to keep trading (selling and buying) but always keep your money safe by withdrawing your coins to your external wallet when you are not intending to sell them.
Many exchanges got hacked and many were shuted down by governments.

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1van__
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June 14, 2018, 10:31:59 PM
 #27

I think this will depend on the popularity and cost of crypto currency, and they promise us a price increase
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