Post
Topic
Board Nigeria (Naija)
Re: Nigeria Local Board, All board discussion welcomed. {No Official Language}
by
Charles-Tim
on 05/07/2021, 21:13:30 UTC
Bitcoin ratio of supply on exchanges don hit 6 months low

I don create this thread for Bitcoin discussion, but I dey think some people can learn from this, while good posters among fit make good reply.

Na like this e be, Bitcoin exchange inflow for exchanges means Bitcoin users are moving their Bitcoin go exchanges, e get no two main reasons while Bitcoin users dey do this, it is because they want to sell their Bitcoin. If the Bitcoin is sold, the price plummet.

On the other hand, Bitcoin exchange outflow means that Bitcoin users dey send Bitcoin into wallet, the main reason holders for do this is because they want to hold for that time period. I remembered many bull run occured like this, miners are holding while Bitcoin users are sending their Bitcoin to wallet from exchanges leading to bitcoin exchange outflow.

Waiting you people thing about this? Me dey think the bear market for now is over, but Bitcoin no dey go far if the price increase. $64000 no fit dey attainable until the next halving in my opinion, but this can result to bull run that can drive the price of bitcoin go above $40000. Waiting you think go happen?