Bitcoin Forum
October 31, 2024, 10:55:47 PM *
News: Bitcoin Pumpkin Carving Contest
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: Bitcoin balance on exchanges reached a 2-year low  (Read 217 times)
Wind_FURY
Legendary
*
Offline Offline

Activity: 3094
Merit: 1928



View Profile
March 09, 2021, 06:12:48 AM
 #21

Keeping 14K on exchanges when 1 BTC was 7K is not that big of a deal, but keeping 100K+ is something else to consider, now I would not risk it at all. If you still want to keep 10K usd it will be like 0.2BTC big difference. Imagine people having more than 2 btc. If you are not a day trader you better keep them off the Internet at all. This is just a logical change after this insane btc price move.


Or if you are, enable 2FA for logins, 2FA for withdrawals, and a second password for withdrawals if it’s available. Plus make sure your coins are always there by logging in every 4 hours. Hahahaha.

What are the safest exchanges for day-traders? Coinbase?

██████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
██████████████████████
.SHUFFLE.COM..███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
█████████████████████
████████████████████
██████████████████████
████████████████████
██████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
██████████████████████
██████████████████████
██████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
.
...Next Generation Crypto Casino...
buwaytress
Legendary
*
Offline Offline

Activity: 2982
Merit: 3687


Join the world-leading crypto sportsbook NOW!


View Profile
March 09, 2021, 07:56:37 AM
 #22

Not sure if related but my recent sells on p2p have also been snapped up quicker than usual. For more or less the same dollar amounts, at rates a tiny bit better than on exchanges (better for me).

Had taken it to be sentiment that prices below ATH is still a good buy but maybe supply really is dwindling ey? Then again, such small sample for me on p2p. And it's not like buying is any harder.

██
██
██
██
██
██
██
██
██
██
██
██
██
... LIVECASINO.io    Play Live Games with up to 20% cashback!...██
██
██
██
██
██
██
██
██
██
██
██
██
tygeade
Legendary
*
Offline Offline

Activity: 2282
Merit: 1061



View Profile
March 09, 2021, 05:07:40 PM
 #23

More people are moving them BTC for exchange to Cold storage and with difficulty accessing many platforms when Bitcoin breaks ATH and the institutional demand increases, the price will rise easily after 58,330.57 point.



https://studio.glassnode.com/metrics?a=BTC&m=distribution.BalanceExchanges
I believe one of the biggest reasons for this is the fact that there are tons of companies that bought bitcoin, in tens of billions of dollars levels combined, and those people do not keep their money in exchanges, they put it on somewhere safe and that is why I think there is less money on exchanges.

Certainly it is still us regular folks who trade and decide on the price, if those bitcoins are out of the market we could drop the price very quickly, or increase it very quickly, just with the small amount we have left, but the reality is that if we drop it too much they will just buy more and increase the price all over again hence it wouldn't make sense for us.

This is why I think it is quite important that we just keep buying more and more in order to profit because the more we sell, the more they will end up buying and getting out of the market leaving us with very little amount to buy.

TheBeardedBaby
Legendary
*
Offline Offline

Activity: 2240
Merit: 3150


₿uy / $ell ..oeleo ;(


View Profile
March 09, 2021, 07:55:02 PM
 #24

Keeping 14K on exchanges when 1 BTC was 7K is not that big of a deal, but keeping 100K+ is something else to consider, now I would not risk it at all. If you still want to keep 10K usd it will be like 0.2BTC big difference. Imagine people having more than 2 btc. If you are not a day trader you better keep them off the Internet at all. This is just a logical change after this insane btc price move.


Or if you are, enable 2FA for logins, 2FA for withdrawals, and a second password for withdrawals if it’s available. Plus make sure your coins are always there by logging in every 4 hours. Hahahaha.

What are the safest exchanges for day-traders? Coinbase?

I don't know how safe exchanges could be, but even Binance got hacked.
Coinbase has just a few coins compared to Binance but it seems to be more "secure", on the other hand they ruined their reputation some time ago making some bad moves and people ran a campaign to delete their account from Coinbase. I deleted mine too last year.

magneto
Hero Member
*****
Offline Offline

Activity: 1666
Merit: 753


View Profile
March 09, 2021, 08:53:53 PM
 #25

The scale is slightly misleading, but it does illustrate a very important point.

No longer is the BTC market dominated solely by speculators. There are individuals and institutions who look at BTC's long term usage case as a store of value, a more convenient alternative compared to precious metals.

Especially with the advent of a lot of custodial services for BTC, people are more comfortable with keeping their long term stash off exchanges.

Definitely a positive development - and expect this trend to continue into the long term future.
sheenshane
Legendary
*
Offline Offline

Activity: 2492
Merit: 1232



View Profile WWW
March 09, 2021, 11:23:06 PM
 #26

Or if you are, enable 2FA for logins, 2FA for withdrawals, and a second password for withdrawals if it’s available. Plus make sure your coins are always there by logging in every 4 hours. Hahahaha.

What are the safest exchanges for day-traders? Coinbase?
If people don't trade they prefer to withdraw their Bitcoin off an exchange because there are some of them did not believe or not trusting the exchange because it's vulnerable to a hack.  Even though how many security levels you had on exchange still your Bitcoin isn't safe, not your keys, not your Bitcoin was still the best reminders on us.

Lol, Coinbase? Is that offer SAFU?
There's no safe exchange platform, all of them are at risk and vulnerable to any bad thing that will happen.  I prefer to cash out than let my Bitcoin sleep on an exchnage.
Fakhrulenclix
Sr. Member
****
Offline Offline

Activity: 1638
Merit: 339


View Profile
March 09, 2021, 11:34:42 PM
 #27

Or if you are, enable 2FA for logins, 2FA for withdrawals, and a second password for withdrawals if it’s available. Plus make sure your coins are always there by logging in every 4 hours. Hahahaha.

What are the safest exchanges for day-traders? Coinbase?
If you doing all thing to make your account safe, it will safe, no one can hack your account even if they know the email and password. But what about if the hacker hacks the exchanges?? Everything that you doing is useless, If as holder better withdraw it from exchanges like the institutional do


The institutional withdraw it from exchanges.. Moon, but be careful if they sell it
Yaunfitda
Hero Member
*****
Offline Offline

Activity: 3024
Merit: 617



View Profile
March 10, 2021, 01:48:01 AM
 #28

Or if you are, enable 2FA for logins, 2FA for withdrawals, and a second password for withdrawals if it’s available. Plus make sure your coins are always there by logging in every 4 hours. Hahahaha.

What are the safest exchanges for day-traders? Coinbase?
If you doing all thing to make your account safe, it will safe, no one can hack your account even if they know the email and password. But what about if the hacker hacks the exchanges?? Everything that you doing is useless, If as holder better withdraw it from exchanges like the institutional do


The institutional withdraw it from exchanges.. Moon, but be careful if they sell it
And it just shows that average joe who also has accumulated even at the March 20 crash is now holding their stash on their wallet which they have total control of. Although there are still who still have some massive btc in an exchange, but I would say that you have to think of it as not safe, unless you regularly trade, you should move it on your wallet.

Institutions are obviously not keeping their tons of btc in an exchange, and they know it the moment they have invested. And it's probably on a multi sig wallet for security and safety reasons.

R


▀▀▀▀▀▀▀██████▄▄
████████████████
▀▀▀▀█████▀▀▀█████
████████▌███▐████
▄▄▄▄█████▄▄▄█████
████████████████
▄▄▄▄▄▄▄██████▀▀
LLBIT|
4,000+ GAMES
███████████████████
██████████▀▄▀▀▀████
████████▀▄▀██░░░███
██████▀▄███▄▀█▄▄▄██
███▀▀▀▀▀▀█▀▀▀▀▀▀███
██░░░░░░░░█░░░░░░██
██▄░░░░░░░█░░░░░▄██
███▄░░░░▄█▄▄▄▄▄████
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
█████████
▀████████
░░▀██████
░░░░▀████
░░░░░░███
▄░░░░░███
▀█▄▄▄████
░░▀▀█████
▀▀▀▀▀▀▀▀▀
█████████
░░░▀▀████
██▄▄▀░███
█░░█▄░░██
░████▀▀██
█░░█▀░░██
██▀▀▄░███
░░░▄▄████
▀▀▀▀▀▀▀▀▀
||.
|
▄▄████▄▄
▀█▀
▄▀▀▄▀█▀
▄░░▄█░██░█▄░░▄
█░▄█░▀█▄▄█▀░█▄░█
▀▄░███▄▄▄▄███░▄▀
▀▀█░░░▄▄▄▄░░░█▀▀
░░██████░░█
█░░░░▀▀░░░░█
▀▄▀▄▀▄▀▄▀▄
▄░█████▀▀█████░▄
▄███████░██░███████▄
▀▀██████▄▄██████▀▀
▀▀████████▀▀
.
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
░▀▄░▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄░▄▀
███▀▄▀█████████████████▀▄▀
█████▀▄░▄▄▄▄▄███░▄▄▄▄▄▄▀
███████▀▄▀██████░█▄▄▄▄▄▄▄▄
█████████▀▄▄░███▄▄▄▄▄▄░▄▀
███████████░███████▀▄▀
███████████░██▀▄▄▄▄▀
███████████░▀▄▀
████████████▄▀
███████████
▄▄███████▄▄
▄████▀▀▀▀▀▀▀████▄
▄███▀▄▄███████▄▄▀███▄
▄██▀▄█▀▀▀█████▀▀▀█▄▀██▄
▄██▀▄███░░░▀████░███▄▀██▄
███░████░░░░░▀██░████░███
███░████░█▄░░░░▀░████░███
███░████░███▄░░░░████░███
▀██▄▀███░█████▄░░███▀▄██▀
▀██▄▀█▄▄▄██████▄██▀▄██▀
▀███▄▀▀███████▀▀▄███▀
▀████▄▄▄▄▄▄▄████▀
▀▀███████▀▀
OFFICIAL PARTNERSHIP
SOUTHAMPTON FC
FAZE CLAN
SSC NAPOLI
Wind_FURY
Legendary
*
Offline Offline

Activity: 3094
Merit: 1928



View Profile
March 10, 2021, 05:59:16 AM
 #29

If all the exchanges developed a “staking mechanism” to support the Lightning Network, and for HODLers to earn interest for “staking”, which exchange would be the safest and most trustworthy for you?

I believe Lightning “staking pools” for Lightning will be the next “killer app/service” for Bitcoin.

██████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
█████████████████████████
██████████████████████
.SHUFFLE.COM..███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
█████████████████████
████████████████████
██████████████████████
████████████████████
██████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
██████████████████████
██████████████████████
██████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
.
...Next Generation Crypto Casino...
poodle63
Hero Member
*****
Offline Offline

Activity: 2702
Merit: 510


Leading Crypto Sports Betting & Casino Platform


View Profile
March 10, 2021, 06:43:14 AM
 #30

definitely necessary action I guess considering that most of BTC has rise sky high and it could attract unnecessary attention if were kept in exchange for a long time.
I'd even always keep my coins at cold storage or hardware wallet instead of exchange just in case and it's better safe than sorry. But it seems it's because most of people who have bought btc also waiting for another massive bullrun aswell.

..Stake.com..   ▄████████████████████████████████████▄
   ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
   ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
   ██ ████  ████ ██████████ ████  ████ ████▀
   ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
 ██████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
▀█████▄       ▄█████▀
▀▀▀███▄▄▄███▀▀▀
..PLAY NOW..
RealMalatesta
Legendary
*
Offline Offline

Activity: 2366
Merit: 1124



View Profile
March 10, 2021, 08:09:52 AM
 #31

Not sure if related but my recent sells on p2p have also been snapped up quicker than usual. For more or less the same dollar amounts, at rates a tiny bit better than on exchanges (better for me).

Had taken it to be sentiment that prices below ATH is still a good buy but maybe supply really is dwindling ey? Then again, such small sample for me on p2p. And it's not like buying is any harder.
I think they are "sort of" related but also not 100% related, just a bit. There are some nations that banned crypto, namely Nigeria which is one of the world's leading crypto using nation, and that meant that they had to move to P2P in order to keep working, that is basically the system for all of us, if our nations ever ban crypto, we have paypal which means that we can sell our crypto one way or another and make it possible, there are also citizens with banks in other nations who can help that nation as well.

Long story short yes there are some crypto that was taken out of exchanges and turned into P2P that's true, but all of this withdrawal wasn't about that, we also have huge companies buying crypto and moving that out of exchanges and into secure wallets as well, that way they basically hold a ton of crypto and keep it safe somewhere else making exchanges have record breakingly low balance.
cryptomaniac_xxx
Hero Member
*****
Offline Offline

Activity: 1680
Merit: 601


DGbet.fun - Crypto Sportsbook


View Profile
March 10, 2021, 09:50:10 AM
 #32

If all the exchanges developed a “staking mechanism” to support the Lightning Network, and for HODLers to earn interest for “staking”, which exchange would be the safest and most trustworthy for you?
Still Binance to me. I think they have invested on security after their last hacked.

I believe Lightning “staking pools” for Lightning will be the next “killer app/service” for Bitcoin.
It could be the next killer app, but I'm not sure if this is a viable solution to get more people to use Lightning though?

Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!