I've noticed a ton of Bitcoin moving from hardware wallets to exchange wallets, and it's crazy how many folks get spooked into selling. This seems especially true for those just getting the hang of the market.
Honestly, it’s important to remember that Bitcoin represents people’s power and financial freedom, and lots of governments and institutions have tried to clamp down on it, but they’ve totally failed. I’ve been watching this unfold since 2014.
These days, Bitcoin is more global and influential than it’s ever been, really dominating the trading scene. So don’t let the headlines confuse you.
A lot of the time, negative news about Bitcoin gets pushed out there on purpose to shake believers into selling their coins. And guess what? That’s when the big players swoop in to grab more BTC.
It’s honestly a tactic to take Bitcoin away from us! Because right now, Bitcoin is evolving into the universal currency of financial freedom and power!
The scheme to trick us out of our Bitcoin
18 replies 288 views
If you panic, thats when it gets taken away from you. But even if you make the wrong decision now, you can still correct it later, because Bitcoin price movement never goes in just one direction. In the last few months we saw a bull season, now we are in a bear season, so thats already normal with Bitcoin.
And for those who are selling, thats probably just their way of minimizing risk. You can call them weak hands if you want, but thats their decision and its really none of our business. What matters more is how we react to the opportunity. If we already see one and still dont buy, then maybe were the ones fooling ourselves.
blockpro667Newbie
Posts: 38 · Reputation: 31
#3Jul 5, 2017, 01:44 PM
The coins you're referring to most likely come from wallets that have been held by very patient people who find quality of life improvements now, in relation to when they bought, appropriate to sell after much patience.
It's a normal thing, and not some conspiracy trap theory. Although I do agree that a concerning amount of people keep large amounts of coin on exchanges for long periods of time, for bitcoin ponzi "staking" purposes.
You are right, but these types of strategies/activities and news are mainly published to make scare /Panic you. And those who are new fall into this trap very easily, because they are not careful about these types of traps now!
I have only mentioned one thing, but the market is publishing more and more new traps and news of this kind which are just strategies to snatch Bitcoin from new users.
Sorry for that!!
I think you didn't read my post completely!!
Or even if you did, you didn't understand!!
Please read my post again and give your feedback!
Thank you!
orbitdev429Member
Posts: 230 · Reputation: 46
#6Jul 7, 2017, 08:59 PM
How do you differentiate between people who transfer from Hardware Wallets to Exchanges and people who transfer from Hot Wallets to them? The people selling their Bitcoin on Centralized Exchanges in panic are not people who like Bitcoin for Financial Freedom. These people would not sell due to a Market crash maybe unless their economical situation depended on it.
As Bitcoin becomes more scarce and more Money goes in to it with Billionaires investing too, it will become more difficult to get a hold of the same chunk of Bitcoin you get today. The losers who sell Bitcoin to get out in panic or to purchase a new pair of luxury jeans were never here to get any Freedom. They were here for reasons they would have never lasted for anyway.
There would not be Billionaires if people were not fools.
shard_ravenNewbie
Posts: 149 · Reputation: 20
#7Jul 7, 2017, 10:14 PM
Movement of coins from personal to exchange wallets is nothing new. People are selling bitcoin because they might need cash from time to time, however it does not mean that a crash if coming, and even if a crash did come, how else does it matter? Nothing at all. It is another point to buy at.
People who dont have the proper nerve to survive the trading scene will panic and think about all these things. Those who understand how this works will not panic at all. Make sure you buy at the proper time and sell at the proper time too. Make money from the market movements and dont panic about what people are saying or doing - that is the traders way to live.
the_vectorNewbie
Posts: 342 · Reputation: 30
#8Jul 8, 2017, 01:54 AM
People can move their coins to exchanges for taking profit, trading or making FUDs in the market. Not all transactions to exchanges are for taking profit or trading, but some of them are just for making FUDs. After completing this fudding task, these people will move their coins back to their wallets with previous addresses or new ones.
People should know that Bitcoin market will recover after all and it has been already big enough to absorb selling pressure from whales like Bitcoin ogs with their coins from very old UTXOs.
There will be potential market shocks in short term and for a while but in history Bitcoin survived well through several bear markets that even last longer than any selling activities from Bitcoin ogs or whales.
People will feel less panic if they look at this chart with yearly candles https://www.coinglass.com/pro/i/yearly-candlestick-chart
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.
orbitone109Member
Posts: 398 · Reputation: 48
#10Jul 9, 2017, 01:49 PM
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.
Nobodys taking Bitcoin from you. Theyre just distracting you with hype, fear, and get-rich-quick dreams while you forget to actually use it. The real trick? Convincing you to hold forever or trade constantly instead of building the everyday economy it was meant for. Don't be fooled: if you don't spend or accept it, you're giving it away yourself.
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.
Transferring Bitcoin to trading platform wallets is often due to a persons desire to trade or their need to sell Bitcoin to obtain liquidity or for any other reason. This is not a problem because they can withdraw it, sell it, or repurchase it. The real problem is in transferring Bitcoin to ETF and central bank wallets.
cipher_chainMember
Posts: 25 · Reputation: 43
#13Jul 10, 2017, 07:47 AM
Centralized exchanges now can be safer than ETFs or banks but with more regulations on cryptocurrency industry and centralized exchanges, they will soon have to obey more and stricter regulations. This will make cryptocurrency centralized exchanges no longer better than ETFs or banks.
Basically they are all centralized platforms so that they can freeze user account, fund and do anything in their centralized ways.
A general reminder: do not keep your money in online accounts.
cipherone516Member
Posts: 35 · Reputation: 121
#14Jul 10, 2017, 10:24 AM
As long BTC is not created by the governments and it will never be taking by any government, because governments have tried their best to take over BTC pumping and dumping but the power is not in their hands to operate as they wish. You must understand this that your key is your BTC, as long you have your key towards your BTC it will be hard for anybody to have access to your BTC, because you have what it takes to control your BTC until l you are satisfy to release your BTC for sale.
If you are not satisfy with your hodling don't allow anyone to force you to sell your BTC, because there is no way you will hodl BTC for long years you will not enjoy massive profits from your hodling.
nova_vectorNewbie
Posts: 29 · Reputation: 24
#15Jul 10, 2017, 04:14 PM
I am still saying it that anyone that sell their Bitcoin due to some bad news that is not a real Bitcoin investor, they are traders that disguise themselves as Bitcoin investors because I see no reason why an investor who invest in Bitcoin to sell their Bitcoin just for some reasons that are not tangible. Sending large Bitcoin from a wallet to an exchange is nothing in todays world especially at her knowing it has limited supply, so if this kind things happen, you should even intend buying more Bitcoin to your wallets instead of selling due to fear.
There's some elements of truth in what you said about how the market is using psychology but that doesn't mean that bitcoin is being taken away from us. Transactions to exchanges are a normal part of liquidity and price discovery.
Also, if a Bitcoiner sells because of news or FOMO, that shows more about their conviction level than your claim about a strategy against them. You need to understand that the market doesn't need to trick anyone, most times, it natural react to human behaviour.
In the end, it's all about conviction and belief because those who actually understand what they hold are less likely to be influenced by all this noise.
traderlab158Newbie
Posts: 95 · Reputation: 23
#17Jul 10, 2017, 07:31 PM
Only naive investors will fall under this trap. People who are seasoned traders know that this kind of strategy is often directed to manipulate the market so that people will think that the majority are cashing out and that Bitcoin will eventually become worthless. People who knows the depth of market will see through this trick.
I do not see Bitcoin as a symbol of people's power, maybe not yet as for the economic freedom, I think somehow because Bitcoin engagement is still under the jurisdiction of the government, whether they let their citizens use it or not, without any implication, is still dependent on the approval of the government.
True, with many governments realizing they will have a hard time opposing the Bitcoin adoption, they welcome them to take advantage of the packaged opportunity.
It is not sometimes, but oftentimes. They often FUD the market, affecting the sentiment, then selling huge chunks of Bitcoin to make traders believe that what they are spreading is affecting the market and people are selling out. Then, scoop the cheap Bitcoin sold by the panic holder.
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.
wolfone831Newbie
Posts: 333 · Reputation: 33
#19Jul 10, 2017, 11:28 PM
They are not desperate to sell Bitcoin but it's a planned sale because they have planned it long time ago. It's not a problem if there are holders that have moved their BTCs from their wallets to the exchanges because that's the very purpose to them of Bitcoin as an investment. A time will come that they'll have to sell it so that they can profit from it and that's why even if there will be a lot of people that shall discourage the sellers, it's a normal for someone to decide to sell it whenever they want and need it.
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