Most of people speculate bitcoin dump because of 1st Aug event. But this is one of my assumptions: most of people will withdraw their bitcoin to the wallet, there will be less bitcoin on exchange causing low supply >>> price will increase. What's your opinion?
It cuts both ways, apparently
If people move their coins to their private wallets to stay away from trading, then who, in your opinion, will make up all the demand which, according to you, should cause the price increase? If anything, demand should go down along with supply, and that would mean rising volatility to possibly insane levels. So it could mean price rise, price decline, or both intermittently. Some people may earn handsomely, some may lose heavily if they choose to trade instead of staying away from the market for the time being