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Author Topic: When they does push the button of Bullrun?  (Read 285 times)
SquirrelJulietGarden
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June 07, 2023, 04:08:33 AM
 #21

Right, what we have to mind is the cycle and the upcoming halving. I guess if someone is looking for a sign then that's the sign that we're nearly gonna see the bull run again and that's every time Bitcoin halves or after it.
When you understand Bitcoin cycle, you can plan your investment, DCA and don't feel too panic with bad news. Bitcoin cycle can change in future too but if you believe in history, you will have stronger hands.

Now I understand why they withdraw from exchange (binance)
What you understood?

Did you think people withdraw coins from Binance because Binance is sued by SEC. or fud against Binance?

It is one of reasons but not all and if you only withdraw your coins from Binance because of such reasons, you forgot something more important. Being self-custodial with your wallet and your coins, Binance and other centralized exchanges don't give you it.

Reminder: do not keep your money in online accounts

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Not your key not your BTC (OP)
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June 07, 2023, 08:10:13 AM
 #22

Now I understand why they withdraw from exchange (binance)
What you understood?

Did you think people withdraw coins from Binance because Binance is sued by SEC.
Yes, no one believes exchange anymore,
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June 08, 2023, 06:22:26 PM
 #23

what is means if alot of bitcoin transfer from exchange to unknown wallet?, Is they understand if Not your key not your BTC? or they know if the button has been pressed.

Most of the time when we think like any whale is moving out from the exchange there are maximum chances that we are wrong because from the Exchange's Hot wallet wherever there is a large amount of transaction it's the exchange itself. They just use to move the extra funds (Non required on the Liquidity) from their Hot storage to the Cold storage for security reasons.

A whale who is actually a whale in the market never trusts anyone for his fund's security, I haven't seen a whale holding funds on Exchange at least from a long period after the last Bull Run. With the passage of time, the centralization is ending reasons there all the services provided by the centralized exchanges are now available on DeFi platforms and even better services are more transparent so the Not your Key Not your fund concept now doesn't need to be promoted because it's the basic stance now for everyone.

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June 08, 2023, 07:24:26 PM
 #24

Now I understand why they withdraw from exchange (binance)
What you understood?

Did you think people withdraw coins from Binance because Binance is sued by SEC.
Yes, no one believes exchange anymore,
You never know how many users still trust the exchange to store assets there?
I'm sure it's a lot of people sticking with the exchange, but I did always advise a lot of people to keep their assets in a private pick wallet with the SEC news incident with Binance obviously there must have been panic and made them withdraw all the assets there and it wouldn't be weird if they back depositing money into the exchange if the news has started conducive.

R


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June 18, 2023, 01:34:12 AM
 #25

it wouldn't be weird if they back depositing money into the exchange if the news has started conducive.
I often to see people playing with fire, but it's very brave if sacrifice their wealth.
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