Up or Down, People Hodl

[Hamzaal24]

By analyzing the Celsius smart contract, it is possible to see hodlers in action. Regardless of which direction the price moves, deposits have exceeded withdrawals.

[masterrex]

Is that data is accurate? If yes, let us compare the market movement in the first quarter of 2020. as we can see, the withdrawals and deposit ratio was already near equal but still more deposits that withdrawal in terms of volume, compared to last quarter of 2019, but I'm not wondering why the statistics are pointing out that gap? because it is the time that the COVID-19 pandemic was already wreaking havoc around the world. that was triggered a massive sell-off.
 

[hushpupppy]

This is just the truth. There are hodlers everywhere in the crypto sphere.
If bitcoin moons sporadivally, or dumps magically. There are always hodlers.

Lets call it the way of life of people in crypto currency.

[Master107]

It is not surprising why bitcoin drops.
Almost everything that mankind normal activities also struggling because of covid-19. The effect is fatal. The world is busy fighting the virus to put an end and get back to normal days.

[purpleseven]

It is not surprising why bitcoin drops.
Almost everything that mankind normal activities also struggling because of covid-19. The effect is fatal. The world is busy fighting the virus to put an end and get back to normal days.

I agree because the virus outbreak that made Cryptocurrency especially Bitcoin has decreased. If the world recovers everything will increase again

[Cryptoz]

I agree because the virus outbreak that made Cryptocurrency especially Bitcoin has decreased. If the world recovers everything will increase again

I think you are right. If Corona can be over and the world crisis recovers, everything will return gradually to best performance, including crypto market. Let's hope that Corona won't last a long time. In my opinion, it can continue until the end of this year.

[Noverteno]

The emergence of coronavirus only temporarily affected the decline in the price of bitcoin and other cryptocurrencies, however, this virus cannot affect the cryptocurrency itself and its holders. The coronavirus will disappear as suddenly as it appeared. We need to be optimistic and expect good events in the world of cryptocurrency, which will definitely happen this year. Even the onset of the global economic crisis must be positive for the growth of the cryptocurrency market.

[shadowdio]

But this was not in pandemic situation, the chart shows the result of the last year. How about this current situation?, We really don't know what is the next move of the market because it can go down again if people will panic again because of pandemic.

[Master107]

It is not surprising why bitcoin drops.
Almost everything that mankind normal activities also struggling because of covid-19. The effect is fatal. The world is busy fighting the virus to put an end and get back to normal days.

I agree because the virus outbreak that made Cryptocurrency especially Bitcoin has decreased. If the world recovers everything will increase again

It is possible to have cryptocurrency breakthrough.
After all this odds there is something good is going to happen because that time everyone is overcomer. It is possible cryptocurrency will become much better.

[Istiak]

After that market crash, people are expecting that price will go up. Also, I think it is last year's chart and what we are seeing is past year history. But in this present situation when every other market like oil and stock crash people are still holding crypto. They believe this market condition will hold and it will go upward now.

[Nestle]

I'm optimistic the market will be good soon. At present crypto is able to survive and can show as the best investment when share prices go down. Maybe crypto will attract many people soon

[carcas]

Must be able to survive and hold more if you want the crypto market better than before. I see the market currently looking good and potentially will continue to increase

[Jaguar]

After that market crash, people are expecting that price will go up. Also, I think it is last year's chart and what we are seeing is past year history. But in this present situation when every other market like oil and stock crash people are still holding crypto. They believe this market condition will hold and it will go upward now.

Normally after dump is pump. Let us not mislead that pump is automatically happen. Everything is in the process and possible pump could happen next year or before this 2020 end. I think the market will go upward but not this time.