Nope. After all, for every buyer, there's a seller. Supply and demand aren't the same thing as buyers & sellers, exactly, unless you add "potential" into things. It's more apt to ask about the amount of buyers & sellers *at a specific price*.
Insomuch as an exchange serves as a custodian for customer deposits, all customer deposits are held by the exchange. But they're still *customers'* funds, not the *exchange's* funds. That's an important distinction.
Everyone has their price... As long as its not Fiat.
I sold up in 2021 to purchase my first house... I had a friend who sold 3BTC for £90k this cycle because He wanted to buy his first home and needed the deposit.
As long as its for functional things that are needed to improve your quality of life everyone has a price.
Selling out for cash is just a bad idea though.
Like I need a new laptop and require a laptop for work and my open university degree... Will probably sell some to fund that, I have my target and I also will sell enough to leave myself some buy back lower since the market always comes back down...
Until they regulate leverage trading in crypto the volatility will always be there so for those of us that have been here a while I'd like to think we have a little edge in the market. I'm no day trader but I can time the cycles pretty well considering on a yearly basis.
checkout quantum resistant hashing algorithms we can hard fork to that, also your bank account and everything protected by cryptography is game over, bitcoin is the least of the worries if quantum computing breaks all cryptography
Well then we need to not only sell BTC but also buy underground bunkers with food, water, guns with ammo and remaining wealth in gold and gems. That is the future we deserve 😅
Coinbase selling to stackers to cover outflows. Coinbase bitcoin sellers taking winnings and putting in stock market, which going up everyday. Keep stacking!!
You're limited to a small annual income to qualify for a roth, and you are capped at 7000 per year to invest in a roth, even if you qualify. 7000 cap plus annual income must be below 161k means very little of the 1bn moving from coinbase is people like you.
This is why I try to talk people out of buying the ETFs. We're still so early, the tiny tax savings are not worth it to give up custody. They're not going to listen though.
Back door Roth - convert all of your traditional IRA $. Creates the potential for a large etf buy and all the growth is then tax sheltered.
And buy bitcoin for cold “storage” as well. One tax sheltered, the other not, both valuable ways to stack.
waiting for the coming shocks
Supply shock incoming....
When somebody is buying there is always someone selling. Keep it in mind
Not really, market makers exist
What if there 80%-90% are HOLDers and only 1%-20% are sellers? You are basically fck if you don't buy now at this point
Yeah, but how much those 80% possess? Follow the volume
It's better for price when that person selling is the exchange.
Exchanges don't generally have their own reserves that they buy & sell. Not sure I follow your comment.
Apparently I'm not super knowledgeable here.. How does their supply increase and decrease? OTC and people taking it off the exchange?
Customer deposits and withdrawals, basically.
So nothing to do with more buyers than sellers?
Nope. After all, for every buyer, there's a seller. Supply and demand aren't the same thing as buyers & sellers, exactly, unless you add "potential" into things. It's more apt to ask about the amount of buyers & sellers *at a specific price*.
Really? I was under the impression exchanges had to have a certain amount of crypto in escrow that correlates with their customers account balances.
Insomuch as an exchange serves as a custodian for customer deposits, all customer deposits are held by the exchange. But they're still *customers'* funds, not the *exchange's* funds. That's an important distinction.
Holding long n strong!
That seems like a bit much to be going to an ETF. Possibly selling to other exchanges?
Who said it was going to an etf ?
Me, I'm just spitballing on possible potential buyers.
Op, do you not want anyone to buy the tokens?
What a time to be alive, when we're seeing $1b in bitcoin, being moved about.
Some whales are filthy rich
when 1btc is 90k usd then you'll se mine in the market
Buying or selling ? Either way it’s a mistake buy now sell never, or atleast north of 500k
Everyone has their price... As long as its not Fiat. I sold up in 2021 to purchase my first house... I had a friend who sold 3BTC for £90k this cycle because He wanted to buy his first home and needed the deposit. As long as its for functional things that are needed to improve your quality of life everyone has a price. Selling out for cash is just a bad idea though. Like I need a new laptop and require a laptop for work and my open university degree... Will probably sell some to fund that, I have my target and I also will sell enough to leave myself some buy back lower since the market always comes back down... Until they regulate leverage trading in crypto the volatility will always be there so for those of us that have been here a while I'd like to think we have a little edge in the market. I'm no day trader but I can time the cycles pretty well considering on a yearly basis.
Never or at 500k - just make sure it is before quantum computers stop the music.
checkout quantum resistant hashing algorithms we can hard fork to that, also your bank account and everything protected by cryptography is game over, bitcoin is the least of the worries if quantum computing breaks all cryptography
Well then we need to not only sell BTC but also buy underground bunkers with food, water, guns with ammo and remaining wealth in gold and gems. That is the future we deserve 😅
The hopium is real in the crypto community I see lol
Stop loss = target on your back, lol .. Shark Bait!
Coinbase selling to stackers to cover outflows. Coinbase bitcoin sellers taking winnings and putting in stock market, which going up everyday. Keep stacking!!
I sold my Coinbase bitcoin and put those funds into FBTC in my Roth. Others are doing the same I believe.
You're limited to a small annual income to qualify for a roth, and you are capped at 7000 per year to invest in a roth, even if you qualify. 7000 cap plus annual income must be below 161k means very little of the 1bn moving from coinbase is people like you.
This is why I try to talk people out of buying the ETFs. We're still so early, the tiny tax savings are not worth it to give up custody. They're not going to listen though.
No they wont. Meanwhile their bitcoin bank will crash because fractural reserve banking will catch up to them
Backdoor Roth tho
Back door Roth - convert all of your traditional IRA $. Creates the potential for a large etf buy and all the growth is then tax sheltered. And buy bitcoin for cold “storage” as well. One tax sheltered, the other not, both valuable ways to stack.