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[AudraMiller]

The amount of a coin that is on an exchange can be a large indication of how much of that coin is planning on being traded, and this can be an indication of a bear run or possible volatility in the market as well. In a recent news article it can be seen that the amount of Ethereum coin that is in reserve across the various cryptocurrency exchanges is continuing to decrease, with there being less and less ETH being held on exchanges. This could show that people are not likely to trade the coin and that they are holding it for the long term. What are your musings on this development?

 

[Wisdom01]

Well this is happening not only to ethereum but other coins too , the massive decline shows there are fear that the price might drop futher and people are withdrawing fast to avoid liquidation too

 

[Hashay]

Ethereum is a great coin that looks like one with a bright future so it wouldn't be suprising to see people holding eth for a long term

 

[AudraMiller]

Well this is happening not only to ethereum but other coins too , the massive decline shows there are fear that the price might drop futher and people are withdrawing fast to avoid liquidation too

I don't think that this is necessarily the case because if people are taking out the cryptocurrency from the relevant exchange then the Likely scenario is that they are holding it for a long period of time which means that they see a lot of potential in the future.

 

[Hashay]

I don't think that this is necessarily the case because if people are taking out the cryptocurrency from the relevant exchange then the Likely scenario is that they are holding it for a long period of time which means that they see a lot of potential in the future.

But people taking out crypto currency would mean that people are withdrawing their investment in that particular crypto coin, right?

 

[AudraMiller]

But people taking out crypto currency would mean that people are withdrawing their investment in that particular crypto coin, right?

Yes that is correct, we have no gas or we could go and see that is on an exchange dealers that can be traded for the coins or sold. Therefore that is why i think it shows a degree of stability.

 

[Wisdom01]

I don't think that this is necessarily the case because if people are taking out the cryptocurrency from the relevant exchange then the Likely scenario is that they are holding it for a long period of time which means that they see a lot of potential in the future.

But where are they holding it to , if they are likely withdrawing it from the exchange platform , then they might be converting to flat currency to their account

 

[Hashay]

Yes that is correct, we have no gas or we could go and see that is on an exchange dealers that can be traded for the coins or sold. Therefore that is why i think it shows a degree of stability.

Would we be also safe to assume that miners and investors have the same idea and withdraw the same way normal traders do

Yes that is correct, we have no gas or we could go and see that is on an exchange dealers that can be traded for the coins or sold. Therefore that is why i think it shows a degree of stability.

I do not quite understand you, do you mean that investors would prefer to withdraw their funds with coins with lower gas fees

 

[microunit]

Well considering that ETH2.0 is around the corner and majority of the people holding eth knows that and that will make the eth price skyrocket it is better to hold it is even stake it

 

[Josemendez]

Many people believe in the future of ethereum and as such they are ready to holdl their ethereum for a long period of time because they know that they will benefit from it