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?
People might not just withdraw their bitcoins; they might sell it for fiat. More people will be hesitant to buy bitcoins because of the uncertainty. In effect, that might be the cause of the dip in price we are seeing now.
just seeing that point mate, with those who really doesn't understand how the system works and only look for this as an investment not a system that will help to lessen third party when making transactions, they are the reason why this certain downfall is happening so lets see if how this things change up after aug 1 how people or investors will survive.