Up or Down, People Hodl

[pixie85]

Based on data you gave the bitcoin is in good progress, deposit always bigger than withdrawal, but i think many whale is just hodling now, i dont see any big move from whale recently, or maybe i just missing that news

Actually his data doesn't say anything about the hodlers.

Those people do not trade but hold their coins to hedge against inflation and excessive goivernment interference in economy. The statistics showing deposits and withdrawals from exchanges don't really tell you what the hodlers are doing. It only shows you the general behaviour of bitcoin traders.

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[samcrypto]

Hodlers are waiting for their target price and obviously they wont sell at a cheaper price. There are times the peak price was already hit and that’s beyond their target price but because of greed they tend to hold for more, most of them succeed to take profit but most of them missed the chance of taking profit, greed and fear must be the reason.

[Valzador]

Hodlers are waiting for their target price and obviously they wont sell at a cheaper price. There are times the peak price was already hit and that’s beyond their target price but because of greed they tend to hold for more, most of them succeed to take profit but most of them missed the chance of taking profit, greed and fear must be the reason.

There are two types of holders. The first is someone who will hold it until they get a profit regardless of the conditions that occur, this is a bad example of a holder, he does not want to learn to understand the situation of the coins he has, this type only relies on instinct.
The second is the type that determines the lower limit of the price of the coin he saves if the price of the asset he touches x, then he will sell it regardless of whatever the condition is because he believes it is better to incur fewer losses than incur more losses.

I prefer the second type.

[oscarftw]

For me deposit and withdraw can't be big effect on cryptocurrency. We are seeing that some exchanges are very trustable, I'm not giving advice to hold in exchange. We don't deposit to sell BTC, there so many options altcoins buy or trade. This up and down is for halving and coronavirus. Market can't be stable until we can control coronavirus.

[Oasisman]

It doesn't seem like those are hodlers, instead those are traders who are engaging into trading from different exchanges, while withdrawals are also traders who don't want to stack their crypto inside an exchanges, obviously because no crypto asset is more safer than storing them in your cold wallet.
Imo, the level of deposits and withdrawals could be pictured out by looking at the current price. 

[HerbertMarcel]

I think this is the situation of things when a investor is going to make a big dill . Its a bull run / a bear run then peoples will buy / sell / hold ,thats the nature of the market . Always do your own research before invest .

[Kasabus]

For me deposit and withdraw can't be big effect on cryptocurrency. We are seeing that some exchanges are very trustable, I'm not giving advice to hold in exchange. We don't deposit to sell BTC, there so many options altcoins buy or trade. This up and down is for halving and coronavirus. Market can't be stable until we can control coronavirus.

It's not really recommended to deposit your long term holdings in an exchange no matter how reputable it is. I think this time a lot of investors have made deposits rather than withrawals because of halving and that bull run is expected by everyone. Instead of depositing your btc in an exchange, you can try to trade it or just buy another btc when the price is already in dip.

[bobyhodob]

For me deposit and withdraw can't be big effect on cryptocurrency. We are seeing that some exchanges are very trustable, I'm not giving advice to hold in exchange. We don't deposit to sell BTC, there so many options altcoins buy or trade. This up and down is for halving and coronavirus. Market can't be stable until we can control coronavirus.

It's not really recommended to deposit your long term holdings in an exchange no matter how reputable it is. I think this time a lot of investors have made deposits rather than withrawals because of halving and that bull run is expected by everyone. Instead of depositing your btc in an exchange, you can try to trade it or just buy another btc when the price is already in dip.

I think when you are trading it is as much as possible not to deposit too much better using a method that uses the results from the profits obtained to trade even more so that you can manage your finances and manage your patience.

[Convery]

The number of all BTC addresses has grown, the hashing power has grown, so now we only waits when BTC price will react on it. 

[Innocant]

Hodlers are waiting for their target price and obviously they wont sell at a cheaper price. There are times the peak price was already hit and that’s beyond their target price but because of greed they tend to hold for more, most of them succeed to take profit but most of them missed the chance of taking profit, greed and fear must be the reason.

And yes that's the big true holders are waiting to rise the price of the coins they have, Even do it will take for so long if the coins has have a future. Trading early in a a low of price Ill think it was a waste of time and can earn only a small amount of profit. Must better have patience if we want to earn more profit for holding. Dont be greedy and need to calm ourselves in comes of holding.

[bittick]

The number of all BTC addresses has grown, the hashing power has grown, so now we only waits when BTC price will react on it. 

I think so and with the decrease of the bitcoin inflation will actually bring the bitcoin to heaven. I guess the correction will come but it will not so bad as before caused by bitcoin is building a very strong fundamental again.
We may see bitcoin will touch the last peak price again very soon.

[HunterUnchained]

With the immense volatility and uncertainty of Bitcoin at the moment, it is highly advisable to do nothing but to hold your positions. We all know most of these assets follow the wave of Bitcoin and react accordingly. Trading at these uncertain conditions will be a sure fire way to lose immensely. Even the best of the best traders with their expertise and experience are finding it difficult to profitably trade in these conditions. The long term movement of Bitcoin should be the goal. With the just concluded halving, there is no doubt that Bitcoin will be bullish in the near future and thus, returning a more stable and bullish crypto industry. Until then, be cautious and follow carefully.