Bitcoin balance on exchanges has fallen to it's lowest amount since 2018

[Obi theo]

Bitcoin on exchanges has fallen to it's lowest amount since November 2018, it was caused because some owners were moving their bitcoin to their private wallet from the exchange,  bitcoin continued it's bearish trend into the beginning of 2019  but on the long run bitcoin recovered in April 2019.
 Because of that Mike alfred CEO of Digital Assets Data said and I think it's an advice too :
“There’s no reason to sell now when you have large corporate treasuries like MicroStrategy buying the asset now,” Alfred told CoinDesk in a phone interview. “Why would you be selling when you’re at the beginning of a wave of potential corporate treasuries and institutional investors coming in?”

Source:.https://www.coindesk.com/bitcoin-balances-2-year-low-bullish-sign.

  My questions would be are we going to see another wave of decrease of bitcoin in exchanges ,now major institutions , companies etc are buying bitcoin in large quantities?.
.

[SquirrelJulietGarden]

It is an article in September. Why did you seed it now?

I agree the move of bitcoin from exchanges to personal wallets is good signal for a new holding wave and a more growth of bitcoin but why the article is reseeded.

[sunsilk]

It is an article in September. Why did you seed it now?

I agree the move of bitcoin from exchanges to personal wallets is good signal for a new holding wave and a more growth of bitcoin but why the article is reseeded.

Yes, the article was months ago but it could still be a good discussion.

There are very specific reasons if that data is correct and that is everyone don't want to let exchanges hold their funds. The majority has been holding and there's an expectation that the next year will show greater price. And, they want to avoid possible exchange hacks.

Even if it's a bullish sign, when everybody talks about the market being bullish. We can't remove the fact that speculations like this makes a few worry that a bear might appear and it's just a trap.

[buwaytress]

There's no more nor less reason to sell now than there ever has been, but from a profit angle in short and medium-term timeframes, I'd argue there are more reasons to sell for most cases, since we're really at a peak we haven't been at before for this sustained a duration.

I mean, I'm holding. But I don't agree we should be buying or selling to mimic moves by big companies. Then again, buying the news isn't unfamiliar territory for most.

[Luzin]

Everyone is free to analyze, if you believe in the future of bitcoin I think holding it is good, but if you have any doubts my advice is to sell half of your assets and hold the rest. This is my strategy if the price goes down you can buy back and if the price goes up you still have half the assets you hold. But some of the analyzes I read that BTC have a wall at $ 20K if that runs out I think BTC will fly.

[TalkStar]

There are very specific reasons if that data is correct and that is everyone don't want to let exchanges hold their funds. The majority has been holding and there's an expectation that the next year will show greater price. And, they want to avoid possible exchange hacks.

Yeah i am quite agree with you. I don't think who are planning to hold bitcoin on their wallet for next few years they will like to keep their fund on exchanges. keeping bitcoin on exchanges was never a safer option for holders where they prefer to keep it on their own safety. Recently we have seen  some companies who made good amount of investment in bitcoin and its a clear sign that more will join the rally soon.

Moving bitcoin from exchanges to personal wallet is a sign that holders are planning to hold their assets for a long time and have no plan to sell immediately. Definitely its gonna help bitcoin to climb up more faster.   

[sunsilk]

There are very specific reasons if that data is correct and that is everyone don't want to let exchanges hold their funds. The majority has been holding and there's an expectation that the next year will show greater price. And, they want to avoid possible exchange hacks.

Yeah i am quite agree with you. I don't think who are planning to hold bitcoin on their wallet for next few years they will like to keep their fund on exchanges. keeping bitcoin on exchanges was never a safer option for holders where they prefer to keep it on their own safety. Recently we have seen  some companies who made good amount of investment in bitcoin and its a clear sign that more will join the rally soon.

Moving bitcoin from exchanges to personal wallet is a sign that holders are planning to hold their assets for a long time and have no plan to sell immediately. Definitely its gonna help bitcoin to climb up more faster.   

And just as we're discussing about the quick climbing for bitcoin's price. It has finally reached $20,600. I'm looking at the price through coinmarketcap and if it keeps going that everyone continuously holding to our very own wallets, demand would definitely increase.

This will make everyone trust more holding and wanting to hit more certain higher prices in the upcoming year. And this makes worrisome if someone still keeps his/her funds through an exchange and uses it as a cold storage if they're not planning to use the exchange what it used to be.

[Upgrade00]

The recent spike in the price of bitcoins would only fuel the price speculations and discussions, and probably shift the attention a bit from the integral parts of Bitcoin. Anyone who is buying Bitcoin should understand what it is about and do their research, this would make it less speculative and more of an actual asset with actual use cases which would be beneficial in 10 or 100 years time.

It has finally reached $20,600. I'm looking at the price through coinmarketcap and if it keeps going that everyone continuously holding to our very own wallets, demand would definitely increase.

This will make everyone trust more holding and wanting to hit more certain higher prices in the upcoming year.

Is there a certain limit where everyone would sell at or there'd always be higher prices to aim for?
Imo, spikes in price shouldn't motivate one to buy or hold Bitcoin, this way it would atract a lot of weak hands who would get spooked at every drop in price (and we'll get threads about, massive 2% drops in price). If one concentrated more or what Bitcoin is actually about, holding wouldn't sound like a nerve-racking task, but rather an easy choice among the available options.

Do not get me wrong, everyone wants profit and you can't particularly lock profit in Bitcoin due to its current volatility, so at different times you'd always pull out the occasional fund you need to handle daily demands. Striking the perfect balance in your portfolio is very important.

[Lhaine]

Everyone is free to analyze, if you believe in the future of bitcoin I think holding it is good, but if you have any doubts my advice is to sell half of your assets and hold the rest. This is my strategy if the price goes down you can buy back and if the price goes up you still have half the assets you hold. But some of the analyzes I read that BTC have a wall at $ 20K if that runs out I think BTC will fly.

Yes that's strategy will work at the same time you already secured the profit of half of your investment you can even add more supply to your Bitcoin once price decline . And BTW that wall at 20k just eated today if you will check the price right now we are above 20k lvl and set another new ATH by this day . We can expect another ATH in the next days or hours but for now enjoy the blessings of being a bitcoin holders.

[aoluain]

Leaving Bitcoin on exchanges long term is not a good idea
and people have always been advised to move their crypto
 off exchanges if they are not actively trading.

Prior to the ATH today there was less than 1000 bitcoin for sale on exchanges!

More and more are Holding in private wallets.

[sunsilk]

It has finally reached $20,600. I'm looking at the price through coinmarketcap and if it keeps going that everyone continuously holding to our very own wallets, demand would definitely increase.

This will make everyone trust more holding and wanting to hit more certain higher prices in the upcoming year.

Is there a certain limit where everyone would sell at or there'd always be higher prices to aim for?
Imo, spikes in price shouldn't motivate one to buy or hold Bitcoin, this way it would atract a lot of weak hands who would get spooked at every drop in price (and we'll get threads about, massive 2% drops in price). If one concentrated more or what Bitcoin is actually about, holding wouldn't sound like a nerve-racking task, but rather an easy choice among the available options.

Do not get me wrong, everyone wants profit and you can't particularly lock profit in Bitcoin due to its current volatility, so at different times you'd always pull out the occasional fund you need to handle daily demands. Striking the perfect balance in your portfolio is very important.

There's always a higher price that others are aiming just like me. You're also right that we all want to take profit but there's always the possibility that it can go for a higher price. The greed index is increasing but I don't know if that's accurate at all. With all of the news that institutions are buying bitcoins as much as they can, it is one factor that I'm counting to keep holding. It is totally fine to take profits as this ATH, we've been waiting this for 3 years but I'll still keep some to be held for a year or two or more.

As long as I've not yet out of cash, I'll not touch the majority current holding that I have but would also definitely sell a few and chunk of it. But if it drops, then I'll take some of it to add more bitcoin.

[so98nn]

The point here is whether this is great entry point for us or is it the exit already if you are holder since long time. I think believers is one thing where group of people never ever sell their coins becasue their vision is to reach to the point where more than 90% of coins are already in circulation and thus demand goes up like anything. That would be case where we will see unimaginable prices per BTC.

Then comes the second layer of people or investors who don't take risk. Whenever the prices are hiked they will make an exit. Wait for the BTC to correct itself or go down in the prices and then will re-enter into the market. So these are medium risk takers.

Finally comes the group who plays so safe that they are just happy with 2-3% change in the BTC and keep it that way no matter what moves BTC making.


On the above topic, if you blend in the institutional investors then only the first group is most happy and then medium risk taker group is loving the fact that they gonna be backed up with strong pillars of investors.

I mean that's what the reality of investors is. Safe player and risk takers that too based on market research. In this case, institutional investors are the one who making the market dance like anything these days.

[Jet Cash]

Bitcoin is volatile, so there will always be people selling to realise profits. The big danger with leaving your coins on an exchanges is the possibility of the exchange taking a bull position, and the market turning against it. A sharp drop may not be the time to sell, but it is probably the time to move coins out of an exchange and into your own wallet.