BTC supply crisis will appear soon

[Stompix]

I don't think you can radically change the system in a short period of time, but you can leave state pensions as a minimum and encourage people to save for their pensions on their own.

It will be impossible! I said it, although I always say nothing is impossible but this one...yeah, it is!
The change could theoretically happen in Norway, theoretically, because they have a low population and one huge private pension fund from all the oil, for the rest of the countries it's a simple no because, there is no money!!!
In order to get the money for the ones at 70+ now you need to tax the ones at 40s working, but this system would mean you stop taxing the ones working now and you put all their money in a 401k model so, where is the money for the ones in retirement going to come from?

Best case scenario, best overall economic environment, political consensus (impossible with all the socialists) and this would need at least 4 steps of slowly building it by one quarter of contributions spread over a decade, so no way we're going to see in our lifetime.
Of course there is a way, so complete financial meltdown, nothing is left, nuclear war, we go back to stone barter method, and you can start  from that immediately but...again, we most probably won't be alive to see it happening.

[0t3p0t]

Yes, as you said, the profit that some people want to achieve certainly has various opinions. Maybe he wants to hold Bitcoin for a longer amount until the price reaches hundreds of thousands of dollars so that that way he can get a lot of profit.

Holding bitcoins for a longer time is the best way to earn bigger profits, but it requires a lot of capital.  Where money is not needed for a long time.  Some people just hold by buying when bearish and selling when bullish, hold for 4 years.

For me holding Bitcoins for a longer time really is the best way to earn bigger profits I totally agree with that but we can all do that depending on how much we have on our wallets it does not need to be huge because we can still do hold even in small amount of capital though it will result in small profit as well but yeah better than nothing. That is why we don't spend all our hard earned money to invest in the volatile market of Bitcoin but if we insist we have to manage it very well because trend will change in just a matter of seconds and we can't afford to lose it all. We need to have a stable source of income so our investments in Bitcoin won't be affected and we can hold it for long term.

[Cryptsafe]

However, it seems the story is not so simple: the supply of BTC held on cryptocurrency exchanges has fallen to its lowest level in six years, according to data from Glassnode. This decline has raised c“The amount of Bitcoin [BTC] held on centralized cryptocurrency exchanges has dropped to its lowest level since December 2017, according to on-chain data obtained from CryptoQuant halving countdown

Crypto exchanges I feel have a way of controlling the Bitcoin market because they also have a large volume of Bitcoin in their possession. So therefore, the drastic decline in volume on the possession of third party exchange makes some sense.
Not only that, crypto exchange can not guarantee ones assets safety and of lately there have been series of hack, information leakage pointing towards the third party exchange which does not really help matters. With all these, no one is guaranteed the safety of their assets with third party exchange hence the " not your keys, not your coin" slogan.

[Wiseman]

Crypto exchanges I feel have a way of controlling the Bitcoin market because they also have a large volume of Bitcoin in their possession. So therefore, the drastic decline in volume on the possession of third party exchange makes some sense.

Control of bitcoin has been going on for years, all major crypto exchanges have long had bots that instantly buy or sell on other exchanges and equalize the exchange rate (making money on it) plus I think they can manipulate the price on purpose, as they have very large capitals and it is not a problem for them.

[0t3p0t]

Crypto exchanges I feel have a way of controlling the Bitcoin market because they also have a large volume of Bitcoin in their possession. So therefore, the drastic decline in volume on the possession of third party exchange makes some sense.

Control of bitcoin has been going on for years, all major crypto exchanges have long had bots that instantly buy or sell on other exchanges and equalize the exchange rate (making money on it) plus I think they can manipulate the price on purpose, as they have very large capitals and it is not a problem for them.

Yeah same with whales and private institutions they can also manipulate prices as they have full control on the market flow since thousands of traders are pouring their investments in most popular cryptocurrency exchanges around the world everyday.

[doc]

Crypto exchanges I feel have a way of controlling the Bitcoin market because they also have a large volume of Bitcoin in their possession. So therefore, the drastic decline in volume on the possession of third party exchange makes some sense.

Control of bitcoin has been going on for years, all major crypto exchanges have long had bots that instantly buy or sell on other exchanges and equalize the exchange rate (making money on it) plus I think they can manipulate the price on purpose, as they have very large capitals and it is not a problem for them.

Yeah same with whales and private institutions they can also manipulate prices as they have full control on the market flow since thousands of traders are pouring their investments in most popular cryptocurrency exchanges around the world everyday.

Whales have the capacity with their big money to manipulate prices. We must always unite the market, but if that happens there will only be a small correction. because other investors are enthusiastic about raising prices also by large amounts.

[Lucius]

~snip~
The European welfare model of pension is doomed, the private pension model or 401k are far better.
We're going to learn the hard way that you need to put money aside while you work, not wait for paychecks after you retire.

Unfortunately, most people don't want to believe that, even though they see how people who worked for 40 years live today. I believe that the situation in Western Europe is somewhat better, but in the East the minimum pensions are even less than 300 EUR, but the costs of living are not too different from those in Western Europe.

Bitcoin as an investment definitely makes sense, but it should be remembered that those who hold the levers of power can always say "Trading and owning Bitcoin is illegal", and most people blindly respect the laws and we know what that would mean for the price of BTC.

[bitterguy28]

This is being expected because the higher the demand is the lower the supply has meaning if this ETF succeeded more like how much are we seeing now?
with so much companies expected to enter soon.
the supply will indeed be in crisis and for all of that situation I think we as HODLERS will truly earn so  much so keep up holding and try not to fall in wrong decisioning.

[pacar_tiri]

For me holding Bitcoins for a longer time really is the best way to earn bigger profits I totally agree with that but we can all do that depending on how much we have on our wallets it does not need to be huge because we can still do hold even in small amount of capital though it will result in small profit as well but yeah better than nothing. That is why we don't spend all our hard earned money to invest in the volatile market of Bitcoin but if we insist we have to manage it very well because trend will change in just a matter of seconds and we can't afford to lose it all. We need to have a stable source of income so our investments in Bitcoin won't be affected and we can hold it for long term.

For investment, it depends on the economic conditions of the person doing it because I believe everyone has different economic conditions, so as you mentioned, don't force people to invest in Bitcoin with all the money they have because not everyone understands Bitcoin like that. you, when he does your suggestion but he only gets losses then it will only backfire on you and ruin your friendship.

[Learn Bitcoin]

“The amount of Bitcoin [BTC] held on centralized cryptocurrency exchanges has dropped to its lowest level since December 2017, according to on-chain data obtained from CryptoQuant.
The leading coin’s exchange reserve peaked at 3.08 million on 2nd March 2022, after which it began to decline. As of this writing, 2.01 million BTC remain on exchanges, representing a 34% decrease in the last three years.”^[2]

Binance alone holds around half a million BTC. I was surprised when I saw that their reserve is also decreasing day by day. This is something we should be happy about. Reserves on exchanges decreasing means peoples are buying Bitcoin and exchanges had to sell their Bitcoin as well.

Moreover, there is a risk when a company or a person hold a big portion of Bitcoin. They would be able to manipulate the market. The scarcity will increase further when companies will buy more Bitcoins from the exchanges and the mining reward will be divided.

[Lucius]

Binance alone holds around half a million BTC. I was surprised when I saw that their reserve is also decreasing day by day.
~snip~

I wonder how accurate these data are, because a few years ago another CEX allegedly had about 1 million BTC in their wallets, and now they have a little less than 400 000 BTC. Given that CZ and its "traveling crypto currency company" are not doing very well lately, I wonder where they got so much BTC, that is, who has so much trust in them?

I would not be surprised if this information is the result of their dirty game of buying everything that can be bought with money, including the appearance of false liquidity.

[PX-Z]

Yeah, supply and demand, bitcoin will probably soar if that's actually will happen. On the other note, bitcoin will likewise dump after a massive sell order from this institution. In which they will take their time to buy back  again which sounds like market manipulation later on.

[Wiseman]

Crypto exchanges I feel have a way of controlling the Bitcoin market because they also have a large volume of Bitcoin in their possession. So therefore, the drastic decline in volume on the possession of third party exchange makes some sense.

Control of bitcoin has been going on for years, all major crypto exchanges have long had bots that instantly buy or sell on other exchanges and equalize the exchange rate (making money on it) plus I think they can manipulate the price on purpose, as they have very large capitals and it is not a problem for them.

Yeah same with whales and private institutions they can also manipulate prices as they have full control on the market flow since thousands of traders are pouring their investments in most popular cryptocurrency exchanges around the world everyday.

Of course, you should not forget about them, sometimes even big whales or large financial institutions can manipulate markets more than stock exchanges, the main thing is to realize that the market is manipulated and not to try to go against the tide.

[Learn Bitcoin]

I wonder how accurate these data are, because a few years ago another CEX allegedly had about 1 million BTC in their wallets, and now they have a little less than 400 000 BTC. Given that CZ and its "traveling crypto currency company" are not doing very well lately, I wonder where they got so much BTC, that is, who has so much trust in them?

I would not be surprised if this information is the result of their dirty game of buying everything that can be bought with money, including the appearance of false liquidity.

This is something good, buddy.
People are withdrawing their funds from exchanges. I guess exchanges were moving user funds to their reserve these days. Then, when they noticed that users were withdrawing their funds to their wallets, exchanges were forced to move those funds from their cold wallets to their hot wallets. That is just my assumption, as I do not have any back on my claims.

It could be possible that they have spent their money on expanding their business more and more. Binance have been developing new features for their platform and of course they have to spend money on those development.

[Lucius]

~snip~
It could be possible that they have spent their money on expanding their business more and more. Binance have been developing new features for their platform and of course they have to spend money on those development.

The profit that CEXs make is huge, and the wealth of CZ was estimated at $37 billion last year, so I have no doubt that there is enough money for everything that is needed. I don't know what kind of new features you mention because I don't use any CEX, but I think that what everyone who buys/sells needs already exists, although every business strives for new things, no matter how pointless it can be sometimes.