Welcome to BeerMoneyForum.com - BIGGEST MAKE MONEY FORUM ONLINE

[aryan4]

There has been an unprecedented amount of Bitcoin withdrawal from Coinbase Pro's wallets in the past few weeks. There was an outflow of 14,900 BTC from Coinbase Pro. This is the largest amount seen since January 2.
What do you think these exits indicate?

 

[fastmoney1]

BITCOIN movements occur according to the convenience of the chosen wallets, but the movement of large amounts like that is surprising and can be derived from many market factors.

 

[Niftyicon]

I would guess that these large movements have impacted the bitcoin price quite negatively, however, I am sure it would recover soon enough.

 

[Wisdom01]

I think most investors might me moving to another exchange sites or probably they are withdrawing their bitcoin and are,satisfied with the profit

 

[Josemendez]

There has been an unprecedented amount of Bitcoin withdrawal from Coinbase Pro's wallets in the past few weeks. There was an outflow of 14,900 BTC from Coinbase Pro. This is the largest amount seen since January 2.
What do you think these exits indicate?

This is not surprising as it can be as a result of whales trying to control the market by selling or creating panic fear in people .

 

[Sudipta]

There has been an unprecedented amount of Bitcoin withdrawal from Coinbase Pro's wallets in the past few weeks. There was an outflow of 14,900 BTC from Coinbase Pro. This is the largest amount seen since January 2.
What do you think these exits indicate?

That's really surprising that one incident caused such a huge drop on bitcoin and many cryptocurrencies. Elon Musk's involvement firstly rose the price very rapidly and with same potential caused it to drop back to it's previous position. As he used coinbase to invest on bitcoin, coinbase faced such high amount of exit on bitcoin.

 

[Josemendez]

That's really surprising that one incident caused such a huge drop on bitcoin and many cryptocurrencies. Elon Musk's involvement firstly rose the price very rapidly and with same potential caused it to drop back to it's previous position. As he used coinbase to invest on bitcoin, coinbase faced such high amount of exit on bitcoin.

I think the person who did that has no intention to sell the coin . Because he has option to sell his bitcoin through coinbase . He only wants to shake the market

 

[achawaskey]

I think it is for strategic positioning, or maybe there is going to be a bullish run on bitcoin that will take place within few days weeks. Whatever reason it is, we will get to know in few days.

 

[aryan4]

Such news from coinbase was coming to the markets almost every week, and for a while, such news has never been received. I think high-rate bitcoin withdrawals are for sending to cold wallets for security purposes.

 

[Sudipta]

I think the person who did that has no intention to sell the coin . Because he has option to sell his bitcoin through coinbase . He only wants to shake the market

I am happy that bitcoin is again regaining it's strength and position. I just checked and the price is currently fluctuating at 50-51k. So maybe we will see a rush again soon and I hope this time bitcoin reaches the landmark of 60k.

 

[Rollerkid]

There has been an unprecedented amount of Bitcoin withdrawal from Coinbase Pro's wallets in the past few weeks. There was an outflow of 14,900 BTC from Coinbase Pro. This is the largest amount seen since January 2.
What do you think these exits indicate?

There are two main thoughts in my mind. First, they might be moving the coins to a cold wallet for safety reasons or they were loading the coins into an exchange for sale.

 

[BullyMaguire]

Maybe moving to a hardware wallet or they want to support other exchange.. i doubt it's to sell because right now price haven't recovered fully

 

[Josemendez]

I am happy that bitcoin is again regaining it's strength and position. I just checked and the price is currently fluctuating at 50-51k. So maybe we will see a rush again soon and I hope this time bitcoin reaches the landmark of 60k.

Yeah . There is currently high volatility which has delayed bitcoin from reaching a high rise up to 60k . For the pass few days , it has issue being stable in 50k value

 

[Sudipta]

Yeah . There is currently high volatility which has delayed bitcoin from reaching a high rise up to 60k . For the pass few days , it has issue being stable in 50k value

Yeah definitely, bitcoin is currently going through huge fluctuations, currently it has fallen again below 50k to 49k. I only fear that of huge number of whales become frustrated and starts selling off, the price may fall below 40k.

 

[Josemendez]

Yeah definitely, bitcoin is currently going through huge fluctuations, currently it has fallen again below 50k to 49k. I only fear that of huge number of whales become frustrated and starts selling off, the price may fall below 40k.

I don't think they will do such because whales won't settle for small profit . They will always aim for higher profit. They are rich and thus do not have urgent desire for money

 

[Sudipta]

I don't think they will do such because whales won't settle for small profit . They will always aim for higher profit. They are rich and thus do not have urgent desire for money

That's definitely a correct point that whales are very rich and they don't need any urgent money . So let's hope that bitcoin recovers soon from such deadly fall and jumps back to 55-60k.

 

[Doyinsola]

Hi

Yeah . There is currently high volatility which has delayed bitcoin from reaching a high rise up to 60k . For the pass few days , it has issue being stable in 50k value

How does dis bmf works

 

[Josemendez]

That's definitely a correct point that whales are very rich and they don't need any urgent money . So let's hope that bitcoin recovers soon from such deadly fall and jumps back to 55-60k.

The issues we have with bitcoin fall now is the effect of short term investors who are selling daily with each significant rise in the price of bitcoin

 

[Josemendez]

Hi

How does dis bmf works

You should read the welcome message sent to you upon registration. Nevertheless , to be able to earn from posts , you have to make a comment with a minimum of four sentence lines. You only earn for five posts per hour.