How Bitcoin is being taken away from us by fooling us!

[Zlantann]

I don't agree with you that people moving their Bitcoins from wallets to exchange is a sign of Bitcoin been taken away from us. Bitcoin is a P2P network and the only way to spend Bitcoin is by exchanges , people have to in one way or the other spend Bitcoin. You can't hold your Bitcoin forever so I don't personally think that spending your Bitcoin is actually the government taking away Bitcoin from you as a person.

Maybe he thinks that since many institutions like ETFs service providers are buying Bitcoin, they are taking it from us. But this is not the case because Bitcoin is a currency that would always be moved from one owner to another.

If someone believes that bitcoin is a tool for freedom in monetary then why are they rushing to sell whenever they see a dump?

IMO, those weak hands should exit the market instead of being a part of holding the funds and do nothing. Bitcoin is money and there are always people out there who want to make more money by using whatever strategy, so it is our responsibility to avoid those traps.

It is not everybody who believes that Bitcoin is for financial freedom. Some of them are involved in Bitcoin for profit, and when it comes to their selling price, they will dispose of it. Some of them bought the coins a long time ago and have made so many gains.

[yhiaali3]

I am not afraid of transferring Bitcoin from hardware wallets to centralized trading platform wallets, but I am afraid of transferring it to the wallets of ETFs and central banks that have recently begun allowing Bitcoin to be stored in them.

Bitcoin transfers to exchange can mean different thing's, although first is that the intent to sell, but aside from that we have various reasons why bitcoin are transfered to exchange, such as institutional rebalancing, where bitcoin ETF comes in, although institutional rebalancing also can mean different things, like micro strategy and Tesla moving large amount of bitcoin movement happens.

So large bitcoin transfers from wallet to exchange doesn't mean an automatic manipulations or traps.

Yes, you are right, but that is not exactly what I meant.
What I meant is that what I fear is that transferring Bitcoin from decentralized non-custodial wallets to centralized Bitcoin ETFs and, more recently, some banks as well, will cause Bitcoin to become centralized because, as you know, Bitcoin held in Bitcoin ETFs and central banks becomes centralized and controlled by these companies and banks not by users.

Thus, the more these companies and banks acquire larger quantities of Bitcoin, the more we will move towards centralization.

[Findingnemo]

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It is not everybody who believes that Bitcoin is for financial freedom. Some of them are involved in Bitcoin for profit, and when it comes to their selling price, they will dispose of it. Some of them bought the coins a long time ago and have made so many gains.

I bet 99.9% of the people who are selling bitcoin whenever they see a crash in the value are someone who just entered into bitcoin a while ago, probably weeks or month and less than a year tops. Long term holders knows exactly what to do when the price is dumping, they will simply buy more bitcoins and wait for the bullish season to come and this is how they made their profits in the first place.

[Fivestar4everMVP]

Well, as much as I perfectly understand what you are saying @op, I would say that no body will hold bitcoin for ever without selling, those who understand the market will utilize the opportunity of selling high and buying back at a lower price to make money for their self and also grow their bitcoin and crypto portfolio.

One thing you have to understand is that not every one who sells their bitcoin actually sold to exit the market, like me for example, I sold my bitcoin not long long ago when the price reached $76k+ and I am currently waiting to buy it back at a cheaper price, of which even if the price of Bitcoin ended up climbing from  here, I have plan to either buy back lower, or buy back (fomo in) at $80k assuming the bulls return and the price starts going up without interruptions.
So you see?, you can trade actually trade your bitcoin for more bitcoin, it's as choice just as holding permanently is a choice too.

[uchegod-21]

Seeing the huge amount of Bitcoin being transferred from hardware wallets to exchange wallets, many people fall into this trap and become desperate to sell Bitcoin. Especially those who have learned to follow a new market.

In fact, it is good to know that since Bitcoin is a symbol of people's power and economic freedom, many governments and institutions have tried to stop it, but to no avail, and I have been observing this since 2014.

Another thing is that Bitcoin is now more globalized and powerful than ever before and it has taken over the mainstream of the trading world. So there is nothing to be confused about with these news.

Sometimes bad news about Bitcoin is deliberately spread in the market, so that Bitcoin believers sell Bitcoin,
and at that opportunity they can buy more BTC Bitcoin.

This is a strategy to take Bitcoin  away from us!!
Because Bitcoin has now become the global currency of financial freedom and power!

If this is what you think about the government and Bitcoin, then you can still consider yourself safe. At least, you won't be forced at gunpoint to sell your bitcoins or transfer them from your cold storage wallet to an exchange where the government can control your coins.

To calm your fears, avoid the noise on the internet; never take any decision out of panic or FOMO. As an investor or trader, have a plan for yourself, preferably a long-term plan where you will keep holding for your dear life until your goal is achieved. Limit KYC and avoid anything that puts you and your bitcoins in the public eye.

The government can't do anything to you without your consent, whether intentionally or unintentionally.
.

[Orpichukwu]

This is a strategy to take Bitcoin  away from us!!
Because Bitcoin has now become the global currency of financial freedom and power!

They are not forcing us to sell off Bitcoin; it is not being taken away from us. Also, what they do most of the time is create fear and panic among those who don't have much faith in the market, and out of panic they can sell off at a cheap rate, which is them selling, not their Bitcoin being taken away from them. The word 'taken away' sounds like forcefully claiming it from us.