Quote from: eskider on June 05, 2020, 07:31:12 AM

The supply of bitcoin has recently hit a new low for the year, this means there are fewer and fewer people selling bitcoin in the market. Although the demand has not increased significantly, but at least this position is hard to see a big Callback*.* So even if you are not bullish at this position, do not easily bearish, otherwise it is likely to reverse the direction.

At the same time, the sales volume of miners in the past month has also decreased significantly, setting a new low of nearly one year, which is also one of the reasons for the sharp reduction in the supply of Bitcoin. Miners no longer sell bitcoin, the future bitcoin price is more likely to rise. From the historical data, bitcoin prices and bitcoin supplied by miners to the exchange show a negative correlation. In other words, the less bitcoin miners transfer to the exchange, the greater the probability that the currency price will bottom out. On the contrary, the currency price will fall.

Yellow is the miner's deposit, and black is the price of Bitcoin

Therefore, it is recommended to continue to hold bitcoin, stay on the sidelines, and do not easily sell out.

Thanks for the advice mate but yeah,I will still hold my Bitcoin and willing to wait for another year because i know that this year wont be as better as what 2017 give,also there are chances that Bitcoin will subside again for the next months of this year like what is happening this past months.

Quote from: michellee on Today at 07:10:49 AM

I am sure many of us still hold bitcoin from a long time ago because we want to sell bitcoin at the highest price. But if we only hold it without use to trade, I think we can not increase the amount from trading because, with trading, we will have a chance to make a profit in bitcoin or usdt which we can use to buy more bitcoin when the price is down. But if you only want to hold your bitcoin without trading, then that will be no problem since we have a different strategy on how to make a profit from bitcoin.

Actually there are some of us who sold their Bitcoin even if not in the highest Value for a chance of buying altcoin because this past months some altcoins make growth in silence and overtaking the percentage bitcoin climbed.