#btcexchangesupplyfallsto9yearlow ๐จ ๐จ Bitcoin Supply on Exchanges Hits a 9-Year Lowโฆ But There's a Hidden Risk! ๐
Everyone is saying this is a thing for Bitcoin. What if it also makes Bitcoin more easy to control by a few people?
When there is Bitcoin on exchanges it is easier for people who own Bitcoin for a long time to stay strong. This is good for Bitcoin in the run.
There is another thing to consider.
๐ When there are not many orders to buy and sell Bitcoin it is harder to buy and sell. So if a big trader buys or sells a lot of Bitcoin the price can change quickly.
๐ Big traders can try to trick traders into selling their Bitcoin. They can do this by buying or selling a lot of Bitcoin at one time. This can cause other traders to sell their Bitcoin too. Then the big traders can buy Bitcoin back at a price.
โ ๏ธ When there is not Bitcoin on exchanges the price can change very quickly. This can be just as big of a problem, as when there is not Bitcoin to go around.
Smart traders do not just look at how Bitcoin is being moved from exchanges. They also look at who has control of the Bitcoin that is left.
๐ฌ What do you think about this?
Is Bitcoin getting ready to go up in value a lot or big traders just trying to trick people again before the price goes up?
๐ Tell us what you think.
#bitcoin #BTC #Khan62 #cryptotrading
$BTC $ETH $SOL
Everyone is saying this is a thing for Bitcoin. What if it also makes Bitcoin more easy to control by a few people?
When there is Bitcoin on exchanges it is easier for people who own Bitcoin for a long time to stay strong. This is good for Bitcoin in the run.
There is another thing to consider.
๐ When there are not many orders to buy and sell Bitcoin it is harder to buy and sell. So if a big trader buys or sells a lot of Bitcoin the price can change quickly.
๐ Big traders can try to trick traders into selling their Bitcoin. They can do this by buying or selling a lot of Bitcoin at one time. This can cause other traders to sell their Bitcoin too. Then the big traders can buy Bitcoin back at a price.
โ ๏ธ When there is not Bitcoin on exchanges the price can change very quickly. This can be just as big of a problem, as when there is not Bitcoin to go around.
Smart traders do not just look at how Bitcoin is being moved from exchanges. They also look at who has control of the Bitcoin that is left.
๐ฌ What do you think about this?
Is Bitcoin getting ready to go up in value a lot or big traders just trying to trick people again before the price goes up?
๐ Tell us what you think.
#bitcoin #BTC #Khan62 #cryptotrading
$BTC $ETH $SOL